As the final week of January tiptoed into the limelight, the stage was set for a grand spectacle of AI and infrastructure development, with Cipher Mining pirouetting away with a dazzling $50 million from the illustrious SoftBank. Ah, the sweet scent of venture capital wafting through the air, mingling with the aroma of freshly minted dreams!
The week’s funding extravaganza surpassed a staggering $200 million, a veritable cornucopia of investments cascading across sectors as diverse as mining operations, identity solutions, and gaming platforms. Let us embark on a delightful jaunt through the key deals that unfolded, as chronicled by the ever-watchful Crypto Fundraising.
Cipher Mining, $50 million
- In a PIPE deal that sounds more like a plumbing issue than a financial maneuver, SoftBank-backed Cipher Mining raised a cool $50 million.
We are thrilled to announce a $50M PIPE investment from @SoftBank_Group. This investment will support $CIFR’s HPC data center development business and establish SoftBank as a significant primary investor in Cipher.
Full release can be found here: $CIFR…
— Cipher Mining (@CipherInc) January 30, 2025
D3 Global, $25 million
- D3 Global, in a round shrouded in mystery, secured $25 million, because who doesn’t love a good enigma?
- Backed by the dynamic duo of Paradigm and Coinbase Ventures, this project has now amassed a total of $30 million. Quite the treasure hunt!
1/ We are proud to announce our $25M Series A led by @Paradigm, with participation from @cbventures and other strategic angels.
This highlights the support from Web2 & Web3 leaders for DomainFi, a decentralized finance layer to accelerate the growth of domains as a $340B+…
— D3 (@D3inc) January 29, 2025
Irreducible, $24 million
- Irreducible, a name that sounds like a mathematical conundrum, raised $24 million in Series A funding.
- Supported by Paradigm, Rain Capital Crypto, and Fenbushi Capital, this project has now raised a total of $39 million. Math was never this exciting!
🚀Big news! We’ve raised a $24M Series A, co-led by @paradigm and @BainCapCrypto, with support from @fenbushi, @l2iterative, @robotventures, and top angels like @AnnaRRose, @_bfarmer, @dlubarov,@sinahab, and @varunsrin!
— Irreducible (@IrreducibleHW) January 30, 2025
Humanity Protocol, $20 million
- Secured $20 million in a round that remains as elusive as a cat in a hat, boasting a $1.10 billion FDV.
- Backed by the formidable Pantera and Jump, Humanity Protocol has now raised a total of $50 million. A veritable humanitarian effort, wouldn’t you say?
VitalVEDA, $20 million
- VitalVEDA raised $20 million in a round that, like a magician’s trick, appeared out of thin air.
- Backed by Rothman Management, this project is crafting an AI-powered fitness platform, because who doesn’t want a personal trainer in their pocket?
- Focusing on sports and dApp development, it’s a fitness revolution wrapped in a digital bow!
Elastos, $20 million
- Elastos, not to be outdone, raised $20 million in a round that remains as mysterious as the Bermuda Triangle.
- Also backed by Rothman Management, Elastos is building identity and L1 infrastructure. Identity theft? Not on their watch!
Elastos secures a $20M investment from Rollman Management!
This significant funding from @rollman_group will accelerate positioning $ELA as Bitcoin‘s merged-mined reserve asset and Elastos as BTCFi pioneer & Web3 creator economy leader.
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2025-02-01 20:59