Investors Flock to Crypto Like Moths to a Flame: $16M for Codex!

Ah, the sweet smell of venture capital wafting through the air, mingling with the scent of desperation and dreams. This week, several startups at the delightful intersection of AI, blockchain, and fintech decided to throw a funding party, and guess who showed up? Codex, the belle of the ball, managed to snag a whopping $15.8 million. I mean, who needs a fairy godmother when you have Dragonfly Capital? 🦋

Dragonfly Capital, the generous soul that it is, led the seed round with a cool $14 million. Fortune, the gossip column of the financial world, was the first to spill the beans. I can just picture the reporters, hunched over their keyboards, furiously typing away as they try to keep up with the latest crypto drama.

But wait, there’s more! Coinbase and Circle decided to join the fun, along with a few other friends: Cumberland, Wintermute, and Selini Capital. It’s like a high school reunion, but instead of awkward small talk, they’re discussing blockchain and AI. 🎉

Ultra

NOIA Capital, based in Luxembourg (because where else would you want to be?), led a round through its NOIA Digital Assets fund. Sounds fancy, right?
This investment comes right on the heels of Gus van Rijckevorsel being crowned the new CEO. I can only imagine the celebratory cake they had—probably shaped like a blockchain.

The9 Limited

The9 managed to wrangle $8 million through private placement agreements with some big-shot cryptocurrency investment funds. Elune Capital, Fine Vision Fund, and Bripheno Pte. Ltd. must have been feeling generous. Or maybe they just had a really good lunch.
They’ll be issuing Class A common shares, priced based on the average closing price over the past 30 trading days. Because nothing says “trust us” like a statutory lock-up period!

Ambient

Ambient, a project that’s trying to merge AI and blockchain like a tech-savvy couple at a dinner party, raised $7.2 million. Backed by a16z’s crypto accelerator and Delphi Digital, they’re clearly not messing around.
With a Bitcoin-like proof-of-work mechanism for security and a Solana-style architecture for speed, they’re positioning themselves as the cool kids on the blockchain block. 🏗️

Cambrian Network

Cambrian Network, a decentralized AI finance protocol, raised $5.9 million. Led by a16z’s Crypto Startup Accelerator, they’re like the overachievers in the class of crypto startups.
They’re all about providing agents with real-time and historical financial data. It’s like giving them a crystal ball, but with more spreadsheets and fewer mystical incantations.

Mahojin

Mahojin, the AI and blockchain integration project, raised $5 million in a Series A funding round. Led by a16z Crypto’s CSX and Maelstrom Fund, they’re clearly on a mission to save the world—one open-source tool at a time.
They’re focusing on building AI-powered decentralized applications. Because why not throw a little more chaos into the mix? 🤖

🚀 Big news from Mahojin!
We’re thrilled to announce our $5M funding round led by @a16zcrypto’s CSX and @MaelstromFund!
We’re doubling down on accelerating open-source innovation at the intersection of AI x Crypto.
Stay tuned—major announcements coming soon! 👀#AI #Crypto…
— ꧁Mahojin꧂ (@MahojinAI) March 31, 2025

Momentum

Momentum, an early-stage startup aiming to automate collaboration between sales teams and the broader organization, raised a $5 million seed round. Because who doesn’t want to automate their way to success?
Led by Basis Set Ventures, with participation from Inovia Capital and others, they’re clearly on the right track. Or at least, they have a good PR team.

Notable crypto VC funding rounds < $5 million

The Fragmetric token sale went live on the Legion platform. It will run until April 8. The sale has a hard cap of $4 million, with a fully diluted valuation of $125 million. Because who doesn’t love a good hard cap?
In a seed funding round, luxury investment platform Collecto raised €2.8 million (approximately $3.05 million). With investors like LinkedIn Italy CEO Marcello Albergoni, they’re clearly in good company.
The hyper-casual finance platform Hana Network raised $1.75 million in a public sale round at a $40-million fully diluted valuation. I can only assume they’re serving cocktails at their meetings.
Bloctopus, formerly known as LZero, raised $1 million in a seed round. Because rebranding is all the rage these days.
StakeStone raised $1 million to strengthen its one-stop staking protocol for omnichain LST liquidity. Sounds like a mouthful, but hey, it’s crypto!
BAI Fund, an on-chain agent fund operating within a Trusted Execution Environment (TEE), raised $1 million. Morph and Foresight Ventures participated in the effort. Because who doesn’t want to be part of a trusted environment?

2025-04-06 04:23