Crypto VC Funding Hits $1.76B Led by Tenstorrent
Disclosed crypto-linked funding reached $1.76 billion across eight deals between Oct. 17–23, 2026, led by Tenstorrent's $1.5 billion Series E round.
Crypto and crypto-linked companies announced $1.7626 billion across eight disclosed financings during the Oct. 17–23 reporting period, according to data from CryptoNews, Crypto Fundraising, DeFiLlama, and DropsTab. The weekly total was dominated by AI computing firm Tenstorrent, which accounted for approximately 85.1% of all reported capital.
Tenstorrent and Whop Lead Large Funding Rounds
Instant Telegram notifications for large on-chain moves.
Tenstorrent closed a $1.5 billion Series E equity financing on Oct. 19, valuing the company at $6.2 billion post-money. The round was co-led by Trace Capital and Innovation X, with participation from ARK Invest, Fidelity Management & Research Company, Morgan Stanley, Sandisk, T. Rowe Price, and Tether Investments. Tenstorrent stated that proceeds will support the large-scale deployment of Galaxy servers and the expansion of AI and CPU designs licensed to chipmakers.
Digital product marketplace Whop announced a $200 million Series D round on Oct. 21 at a $5.1 billion valuation. Co-led by Sequoia and Shopify Ventures, the capital injection is earmarked for international expansion and research focused on payments and advertising infrastructure.
Payments Infrastructure and Financial Institutions
Robinhood Ventures Fund I disclosed a $30 million preferred-stock purchase in US bank Erebor, a transaction that closed on Sep. 17. Erebor, which received a full national bank charter from the OCC and FDIC insurance in February, reported a deposit base exceeding $7 billion.
In payment infrastructure, Mural secured $15 million in a Series A round led by Tether, alongside North Island Ventures. The company has processed $2.1 billion in transactions across 128 countries since launching its API in 2025. Additional funding rounds during the period included a $10.6 million seed round for AI data provider Dataline, a $5 million seed round for Bitcoin institutional strategist Nectar Group, and smaller rounds for Hylo and X Pay.
Key facts
- Disclosed financings totaled $1.7626 billion across eight deals from Oct. 17–23, 2026.
- Tenstorrent closed a $1.5 billion Series E at a $6.2 billion post-money valuation.
- Whop raised $200 million in Series D funding led by Sequoia and Shopify Ventures.
- Robinhood Ventures Fund I invested $30 million in preferred stock of Erebor Bank.
Source: crypto.news
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
