Crypto VC Funding: Phantom Raises $150m, Komainu Bags $75m

The crypto VC funding sector touted a $150 million Series C round this past week, bringing total weekly investments to over $700 million.

Payment solutions, wallet infrastructure, and financial services drew the most capital, according to Crypto Fundraising data.

Let’s dive deeper into the key crypto VC funding efforts and which firms were involved.

Helio, $175 million

• MoonPay acquired the startup for $175 million.
• Helio, the decentralized finance (DeFi) platform, is backed by Pantera Capital; blockchain and gamification innovator Animoca Brands; DAO Maker, a platform for decentralized venture funding; and OKEx Ventures, the investment arm of one of the largest cryptocurrency exchanges.

Phantom, $150 million

• Raised $150 million in Series C with $3 billion FDV.
• Phantom is backed by Sequoia, Paradigm, and a16z crypto.
• Building wallet solutions for Solana (SOL) ecosystem.
• Phantom has raised $268 million so far.

Alterya, $150 million

• Alterya bagged an M&A deal worth $150 million
• The firm was acquired by Chainlysis

Komainu, $75 million

• Komainu secured $75 million in Series B funding
• Blockstream backs the project.
• Komainu is developing asset management solutions.

Sygnum, $58 million

• Secured $58 million in strategic funding with $1 billion valuation.
• Filder Ventures is a backer, helping Sygnum raise $188 million in total.

1Money Network, $20 million

• Raised $20 million in seed funding
• F/Prime Capital, Galaxy, and Hack VC are among 1Money’s investors
• 1Money Network is building L1 payment infrastructure

Litas, $20 million

• Secured $20 million in private funding.
• Backed by Rothman Management.
• Lita is combining payment and wallet solutions and creating user-friendly financial tools.

Dfns, $16 million

• Raised $16 million in Series A funding.
• Backed by Further, Wintermute, and others.
• The project is focusing on wallet infrastructure.

Reown (ex WalletConnect), $13 million

• Gathered $13 million in Series B funding.
• Supported by Union Square Ventures, 1kx, and GDA Capital.
• Reown is building API solutions for wallets.

Notable crypto VC funding rounds under $10 million

• Merit Systems raised $10 million for software development
• Synthr secured $10 million in an unknown round
• GTE gathered $9.44 million in seed funding
• Tapestry raised $5.75 million in Series A
• EarnOS secured $5 million in seed funding
• Hyve Labs raised $2.75 million in pre-seed funding
• Brickken gathered $2.50 million in seed funding with $22.50 million FDV
• Reppo secured $2.22 million in an unknown round
• BeraTone and DePIN DAO each raised $2 million
• Timeswap gathered $2 million through public sale with $20 million FDV
• DeFi Agents AI and Mind AI each secured $1.20 million
• MilkyWay raised $1 million through public sale
• ChainAwareAi secured $50,000 through grants