Crypto VC Funding: Monkey Tilt, Canaan Creative secure $30M each

As an analyst with over two decades of experience in the tech and finance industries, I find it intriguing to see the dynamic evolution of crypto funding, particularly with the recent influx of investments in gambling solutions like Monkey Tilt and AI-focused projects such as Canaan Creative. The convergence of these sectors is a testament to the versatility and adaptability of blockchain technology.

In recent crypto investments, the spotlight was on gambling platforms and AI technologies, as both Monkey Tilt and Canaan Creative managed to secure a combined total of $60 million – $30 million each – during the third week of November.

Total investments surpassed $125 million across various sectors. This is slightly higher than last week’s total of $120 million raised.

At Crypto.news, we examined data given by Crypto Fundraising to pinpoint the most successful initiatives based on funds collected.

Monkey Tilt, $30 million

• Raised $30 million in Series A funding for a total of $51 million
• Backed by Pantera, Hack VC, and Polychain Capital
• Focusing on gambling and P2E gaming development

MonkeyTilt is a groundbreaking gaming and entertainment brand that’s revolutionizing player interaction using blockchain technology. We’ve secured over $50 million in funding since our launch, with our latest round spearheaded by Pantera Capital, joined by Polychain, PokerGO, Hack VC, Accomplices, Mirana, Dream, and others.

— Monkey Tilt (@MonkeyTiltPlay) November 20, 2024

Canaan Creative, $30 million

• Secured $30 million in an unknown round
• The project develops AI and infrastructure solutions
• Canaan Creative raised $73 million in total

Deblock, $16.81 million

• Raised $16.81 million in seed funding
• Deblock specializes in payment and wallet solutions
• The project is backed by Headline and Hoxton Ventures
• The firm raised a total of $28.81 million.

Noble, $15 million

• Secured $15 million in Series A funding
• The firm is building infrastructure for Cosmos ecosystem
• Supported by Paradigm and Polychain Capital
• Raised $18.3 million so far

Bitfinity, $12 million

• Raised $12 million in an unknown round
• The project is developing L2 solutions for Bitcoin (BTC) ecosystem
• Bitfinity raised $19 million so far
• Backed by Polychain Capital and other investors

Notable crypto VC funding rounds under $10 million

• KGeN (ex Kratos) secured $10 million in an unknown round
• Rise Payroll raised $6.3 million in Series A funding
• Shinami gathered $5.64 million in seed funding
• LuluChain secured $5 million in an unknown round with $50M FDV
• OpenLayer raised $5 million in an unknown round
• Truemarkets gathered $4.03 million through a public sale
• Barter raised $3 million in seed funding
• Exponent secured $2.1 million in an unknown round
• Gabby World raised $2 million in an unknown round with $20M FDV
• KOKODI gathered $1.1 million in seed funding

Check out last week’s crypto VC funding data from here.

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2024-11-23 16:40