Crypto VC Funding: VLayer touts $10M pre-seed raise

Total crypto venture capital (VC) funding investments exceeded $40 million last week, with decentralized data infrastructure platform VLayer securing $10 million.

That’s a large drop in volume and value compared to the previous week.

Crypto.news perused the latest data to determine which startups managed to raise the most venture capital.

VLayer, $10 million

• Secured $10 million in a pre-seed round led by CSX and Credo.
• VLayer is building a decentralized data infrastructure with zero-knowledge proofs.
• The project enables verifiable on-chain integration of both on-chain and off-chain data.

Cytonic, $8.30 million

• The firm raised $8.30 million in a seed round led by Lattice and Lemniscap.
• Additional backing was received from IOBC Capital, Nomura, and Lyrik Ventures.
• Cytonic is developing a Layer 1 blockchain for universal Web3 compatibility.

Pharos, $8 million

• Secured $8 million in seed funding from notable investors.
• Key backers include Hack VC, Lightspeed Faction, and SNZ.
• The project is building a deep-parallel, Layer-1 blockchain network.

GM Sailors! ⚓️
We’re beyond excited to share that we’ve successfully closed an $8M seed round! 🚀 With the support of @hack_vc and @FactionVC, we’re set to drive Web3 mass adoption through a full-stack parallel Layer 1 protocol that fuses trustless innovations.

Our mission? To… pic.twitter.com/f0hkcPYr9n

— Pharos (@pharos_network) November 8, 2024

Pond, $7.5 million

• Raised $7.5 million in a seed round led by Archetype.
• The project is backed by Cyber Fund, Coinbase Ventures, and NEAR Foundation.
• Pond is pioneering AI model development in crypto space.

GameBeast Studio, $2 million

• The web3 gaming platform secured $2 million in seed funding.
• GameBeast Studio is focusing on blockchain gaming development and innovation.
• The lead investors include Tideo Capital and T-Fund.

Web3 gaming platform Gamebeast raises $2M in funding

Gamebeast Studio, developer of the Web3 gaming platform Gamebeast, announced on X that it has raised $2 million in seed funding. The round was led by Tido Capital and T-Fund, with participation from K300 Ventures, Notch…

— CoinNess Global (@CoinnessGL) November 4, 2024

Rekt, $1.5 million

• Rekt — the parent company behind the Rektguy NFT project, Rekt Drinks and the Rekt Brand — raised $1.5 million in seed funding.

We are delighted to announce our $1.5M seed round, funded completely by our community and angels.

After gifting equity to @RektguyNFT holders and selling out our first drop of 222k @RektDrinks, this funding marks a huge leap in our path to Rekt World Domination. pic.twitter.com/KvrZxG78Wz

— Rekt Brands (@RektBrands) November 6, 2024

Usual Labs, $1.5 million

• Usual Labs raised $1.5 million from investors like Echo, Comfy Capital, etc.
• The project is a startup that is building the USD0 stablecoin ecosystem.

Notable crypto VC funding rounds under $1.5 million

• SkyX raised $1 million in pre-seed funding.
• Betski gathered $345,000 in pre-seed investment.
• Phi announced a strategic funding round with an amount TBD.

Take a look at last week’s column here.

This article first appeared at crypto.news