During the week from September 28 to October 4, crypto projects secured $351 million across 13 deals, with Flying Tulip leading the charge by raising $200 million in a seed round. This full stack on-chain exchange achieved a valuation of $1 billion, thanks to backing from Brevan Howard, CoinFund, and DWF Labs. The week saw a strong focus on DeFi and finance ventures. xMoney, a payment infrastructure platform, attracted $21.5 million from investors like Sui Foundation and MultiversX, bringing its total funding to $31.5 million. Meanwhile, Lava secured an additional $17.5 million, with plans to launch a product offering up to 7.5% yield on USD through bitcoin-backed loans. AmbrusStudio, operating in the gaming and NFT sectors, raised $15 million in an undisclosed round.
Who led the latest surge in crypto VC funding?
