Crypto VC financing: $161m floods startups as token costs sway

Venture capital hunger for crypto start-ups is showing signs of strength regardless of broader market turbulence. This week, a minimum of 15 companies across various pieces of the ecosystem secured fresh funding. According to Crypto Fundraising data, the last week of May ended with $161.1 million in crypto funding activity. Twenty One, a new Bitcoin treasury company, raised a huge $100 million; Channel Pay landed $36 million to broaden its crypto-native banking services; and Donut, a beginner concentrated on wielding artificial intelligence, secured $7 million in a pre-seed round. The flurry of offers highlights investor conviction in crypto’s long-lasting potential, even as possession prices wobble. The investment rounds ranged from pre-seed to Series A stages. Here’s a complete breakdown of this week’s crypto funding advancements. Twenty One, $100 million Raised $100 million in an Unidentified round Twenty One is focused on improving Bitcoin (BTC) adoption. Avenue Pay, $36 million Channel Pay secured $36 million in a Series A round. The investment was backed by Dragonfly, Ribbit Capital, and Sound Ventures. Donut Labs, $7 million Donut raised $7 million in a pre-seed round to build an AI-powered crypto web browser. Donut’s investors include BitKraft, Hack VC, and HongShan. Beam Money, $7 million Beam Money gathered $7 million in an Unknown round. The financial investment was backed by Castle Island Ventures, Archetype, and Bankless Ventures. The task has raised $14 million so far. Cooking City, $7 million Cooking City raised $7 million in an Unknown round. Investors include Jump Capital, CMT Digital, and Mirana Ventures. Projects < $5 million: Rumi, $4.7 million in pre-seed funding; Oncade, $4 million in an Unknown round; Naoris Protocol, $3 million strategic financial investment; Asigna, $3 million in a seed round; Assisterr AI, $2.8 million in an unidentified round with $75 million fully diluted assessment; Dexari, $2.3 million in a seed funding round; H100 Group, $2.2 million in an unknown round; BlockSpaces, $2 million backed by Axiom, Sand Harbor Capital; Ducat, $1.5 million in a public sale; EGO, $800,000 in a pre-seed round.