The past week confirmed the saying that money attracts money. A total of 34 private crypto fundraising rounds took place during the week, pulling in $2.04 billion in funding, according to data shared by crypto analyst Top 7 ICO. The data highlighted the top 10 projects that completed the largest crypto fundraising rounds over the week, backed by various crypto venture investors.
Top 10 crypto fundraising rounds
Walrus Protocol
Walrus Protocol, a decentralized storage solution, emerged as the top project that raised the most enormous amount of funds from its funding round last week. It secured $140 million through the participation of various investors, including Standard Crypto (the largest investor), together with participants (Andreessen Horowitz, Franklin Templeton, and Electric Capital). Walrus said it will use the funds to widen its decentralized storage protocol, build its application platform, and make preparations for its mainnet launch later this month.
Via Science (VIA)
Via Science (VIA), a decentralized identity management platform, took the second position after it raised $28 million in its funding round. Bosch Ventures led the investment round, with other investors including Sentinel Global, MassMutual Ventures, and BMW I Ventures. VIA said it will use the funds to accelerate the institutional adoption of its advanced Web3 data protection platform.
Crossmint
Crossmint, a blockchain platform that helps firms to build on-chain, settled on third place after it completed a $23.6 million funding round last week. The fundraising was led by Ribbit Capital, with various participants including Lightspeed Faction, First Round, Nyca, and Franklin Templeton. Crossmint operates to simplify blockchain adoption by helping companies integrate payments, tokenization, and wallets with minimal coding. Major brands like Red Bull and Adidas use the platform to move their operations on-chain.
Halliday
Next is Halliday, an AI-focused blockchain protocol, which raised $20 million to help finance the advancement of its Agentic Workflow platform. Halliday said it will the funds to accelerate the development of DeFi apps. The platform aims to enable developers to develop DeFi applications within hours, not years, and eliminate the need for programmers to write smart contracts. Andreessen Horowitz’s a16z led the funding round.
Utila
Utila, a crypto wallet provider, took the fifth position after raising $18 million in its funding round. The fundraising was led by Nyca, and supported by Haymaker Ventures, Gaingels, and Cerca partners. According to Utila, it will use the funds to develop its MPC (multi-party computation) wallet solutions as institutional demand to manage crypto tokens is surging.
Others
Other projects that gained attention last week for their outstanding crypto funding rounds include Slingshot, Privy, Ephyra, Yeet, and Pluralis Research.
Slingshot DAO raised $16 million in a funding round that was participated by various investors including Sanctor Capital, Standard Crypto, Animoca Ventures, Sfermion, Collab+Currency, Dragonfly, Alphabit, Digital Currency Group, and others. Privy, a wallet infrastructure provider, took the seventh place after raising $15 million in its funding round. Its fundraising event was led by Ribbit Capital, and participated by Coinbase, Paradigm, and Sequoia Capital.
It was followed by Ephyra, a Web3 gaming platform, which secured $10.5 million in a funding round that was led by Becker Ventures and participated by other Dubai and Hong Kong investors. Yeet, a crypto-focused casino and sportsbook, occupied the ninth place. It raised $7.75 million in a financial round led by Dragonfly, with various angle investors.
Lastly, Pluralis Research, a decentralized training start-up, closed this top 10 list. It raised $7.6 million in funding, which was led by CoinFund and USV, with participators including Bodhi Ventures, Eden Block, Variant, Topology, and others.
