Crypto VC funding: SecondLive bags $12m, RD Technologies raises $7.8m

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As an analyst with over a decade of experience in the tech and venture capital industry, I’ve witnessed countless startups rise and fall. This week, SecondLive and RD Technologies have caught my attention as they lead the pack in fundraising.

For this past week, it appears that SecondLife and RD Technologies are the leading startups that have raised the most capital, according to recent figures.

This week saw fewer venture rounds disclosed compared to recent ones, but the cumulative crypto venture capital activity this year is shaping up to surpass the $2.6 billion reached in 2023, as reported by PitchBook.

As of July 30th, a total of $2.2 billion had been amassed from 24 different funds. However, this figure remains significantly lower than the year’s overall target of $22.7 billion.

From September 29th to October 5th, Crypto.news gathered information on crypto fundraising. Here’s a summary of our findings.

SecondLive, $12 million

  • SecondLive is a metaverse platform that lets users create their own avatars.
  • The firm has raised a total of $15 million so far.
  • The latest $12 million raised was in a private round led by Crypto.com.

🚀 Terrific announcement! We’ve successfully secured a $12 million investment in a private funding round, spearheaded by Cryptocom. Accompanied by significant backers such as Capital Spark, Cypher Capital, Metaestate, Taisu Ventures, New Tribe Capital, BitValue Capital, Titans ventures, Newave Capital, CSP DAO and more!

— SecondLive (@SecondLiveReal) September 30, 2024

RD Technologies, $7.8 million

  • RD Technologies is a fintech firm that has a primary focus on payments and commerce.
  • The firm has raised $7.8 million in a Series A round led by HongShan, HIVEMIND and Aptos Labs.

🌟Great news!

RD Technologies has successfully finished its Series A1 funding, collecting $7.8 million in the process! This round attracted strategic investments from well-known industry players such as HongShan, HivemindCapital, AptosLabs, Hash Global, and SNZ.

— RD Technologies (@RD_Technologies) September 30, 2024

LAYER, $6 million

    LAYER is an Ethereum (ETH) scaling solution that allows developers to write blockchain applications in various languages.
    The firm recently raised $6 million in a seed funding round, which was led by 1Kx.

Layer Secures $6 Million Seed Funding to Expand Ethereum Layer Capabilities with New SDK

— EN.COINOTAG.COM (@encoinotagcom) October 3, 2024

Synnax Technologies, $1.55 million

  • Synnax is a platform that introduced AI credit intelligence for privacy-focused credit analysis.
  • The firm has raised a total of $2.55 million so far.
  • The latest fund raised was $1.55 million in a round led by WINTERMUTE and Ton Ventures.
🚀 Exciting Update! 🚀We’re thrilled to share that Synnax has received strategic investment from Wintermute Ventures and TON Ventures, boosting our funding to a total of $1.55M! 💰Learn more: @wintermute_t, @wmt_ventures, @TON_Ventures #Synnax #SYNQUEST $SYNAI— Synnax Technologies (@SynnaxTech) October 3, 2024

Sophon, not disclosed yet

  • Sophon provides an architecture for seamless handling of applications like gaming and socialfi.
  • The firm has raised a total of $70 million so far.
  • The latest amount invested by Binance Labs hasn’t been disclosed yet.

Every alliance paves the way to new horizons.@BinanceLabs invests in Sophon.

(((+)))

— sophon (@sophon) October 3, 2024

Read last week’s column here.

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2024-10-05 21:34