Crypto VC funding: World dominates with $135m raise, Slash bags $41m

The crypto funding sector saw major activity from May 18-24, with total investments reaching $307.5 million, led by World’s $135 million raise. This week’s funding mainly focused on Finance and banking-focused ventures and payment and financial services sectors. Here’s an overview of the week’s crypto funding activity as per Crypto Fundraising data : World Foundation Raised $135 million from a16z crypto, Bain Capital Crypto, and Selini World ( WLD ) has raised $375 million so far According to the announcement on May 21, the funds will be used to expand its iris-based identity network, World ID. https://twitter.com/worldcoin/status/1925253926929997841 Slash Slash scored $41 million in a Series B round The project has a fully diluted valuation of $370 million Goodwater backed the investment Slash has raised $60 million so far https://twitter.com/slashapp/status/1924874110376784122 Catena Labs Catena Labs secured $18 million in a Seed round The investment was backed by a16z crypto, Breyer Capital, and Z Ventures Gained +1 new investor You might also like: Aptos price at range low support could spark major reversal toward $20 Roxom Gathered $17.9 million in an Unknown round Investors include Draper Associates, Borderless, and Kingsway Capital Roxom has raised $22.2 million so far https://twitter.com/roxom/status/1925621929307717836 TrueX A team of Coinbase alumni collected $11 million to debut True Markets, a stablecoin-native DeFi app offering real-time execution and self-custody on Solana. The investment was backed by Accomplice, Framework Ventures, and Reciprocal Ventures TrueX has raised $20 million so far Projects Hyperdrive: Raised $6 million in a Series A funding Acurast bagged $5.4 million Public sale with $90 million fully diluted valuation VOYA Games (Craft World) raised $5 million in an unknown round Rover raised $4.1 million Seed investment Stablecorp (QCAD) raised $1.8 million in an unknown round Fermi Labs bagged $1.2 million in a pre-seed round Read more: Ethereum stalls despite new BTC ATH; Shiba Inu whales are buying this new ICO

Source: crypto.news