Crypto Projects Announce $51.4 Million Across Six Financings
Crypto and blockchain projects announced at least $51.4 million across six disclosed financings between Oct. 10 and 16, led by Sui Foundation.
Crypto and blockchain projects announced at least $51.4 million across six disclosed financings during the Oct. 10–16 reporting period, according to CryptoNews. The weekly round of fundraising was led by Sui Foundation’s $30 million strategic investment in DATA Network as the protocol prepares to migrate.
Major Financing Rounds
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Sui Foundation announced its $30 million strategic investment on Oct. 12, establishing the foundation as DATA Network's largest institutional holder alongside PIP Labs and DATA Foundation. The agreement pairs the investment with DATA Network's planned migration to Sui, after which its independent blockchain will retire and its token will carry over one-to-one. Additionally, Fission secured a $10 million Series A led by Pantera Capital, with participation from Circle Ventures, Borderless Capital, and Ari Rubenstein, to support its tokenized fund liquidity platform.
Meanwhile, Zaria Systems announced $5.2 million in seed funding led by Lightspeed Venture Partners on Oct. 14. The capital is designated to support hiring, technology development, and expansion of services while the company pursues a US national trust-bank charter through the Office of the Comptroller of the Currency.
Smaller Financings and Undisclosed Rounds
Additional disclosures included a $3 million equity round for GetPicks backed by gaming industry angels, a $2 million strategic round for Spout featuring Draper Dragon, Anchorage Digital, and Flow Traders, and a $1.2 million seed round for Orbio. Multiliquid also disclosed $8 million in cumulative funding through a Polychain-led seed round, while EFY Finance, Saber Money, and AIsa received strategic investments backed by Tether.
Key facts
- Six disclosed financings totaled $51.4 million during the Oct. 10–16 reporting period.
- Sui Foundation's $30 million investment makes it DATA Network's largest institutional holder.
- Fission raised a $10 million Series A led by Pantera Capital.
- Zaria raised $5.2 million in seed funding led by Lightspeed Venture Partners.
- Multiliquid disclosed $8 million in cumulative pre-seed and seed funding.
Source: crypto.news
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