Flying Tulip Raises $200M, xMoney Secures $21.5M Funding
During the week from September 28 to October 4, cryptocurrency projects raised $351 million across 13 deals, with Flying Tulip at the forefront, securing a $200 million seed round, as attention remained on DeFi and finance-driven initiatives.
Overview
- Flying Tulip raised $200 million in seed funding, positioning itself as a leader in crypto fundraising this week with a valuation of $1 billion.
- DeFi and finance-focused startups constituted a significant portion of the $351 million collected across 13 initiatives.
- Other sectors, including payments and gaming, saw notable investments, with firms like xMoney and AmbrusStudio securing considerable funds.
Here are some highlights from this week’s key announcements, derived from Crypto Fundraising data:
Flying Tulip
- Flying Tulip, a blockchain exchange platform, secured $200 million in its seed round.
- With support from prominent investors like Brevan Howard, CoinFund, and DWF Labs, the startup has a fully diluted valuation of $1 billion.
xMoney
- The payment infrastructure provider raised $21.5 million from a diverse group of investors, including Sui Foundation and MultiversX (formerly Elrond).
- In total, xMoney has secured $31.5 million thus far.
Lava
- Lava has successfully acquired $17.5 million, bringing its total funding to $27.5 million.
- Key backers include Peter Jurdjevic from the Qatar Investment Authority, Bijan Tehrani from Stake, Zach White of 8VC, among others.
AmbrusStudio (E4C: Final Salvation)
- Secured $15 million in a private funding round.
- The E4C token focuses on gaming, NFTs, P2E, and sports sectors.
- This investment was facilitated by Capital.
Projects < $15 Million
- Ethena Labs: $14 million in a private round.
- KGeN (previously Kratos): $13.5 million in a private round.
- Talus Labs: $10 million in a strategic funding round.
- Yield Basis: $5 million in a public offering.
- Tea Protocol: $3 million in a public offering.
- BaseVol: $3 million in a seed funding round.
- Novastro: $2 million in a public offering.
- Nolan: $2 million in a seed funding round.
- Drake Exchange: $1 million in a seed funding round.
