Flying Tulip Secures $200 Million, xMoney Raises $21.5 Million
From September 28 to October 4, a total of $351 million was raised by crypto projects through 13 deals, with Flying Tulip at the forefront, securing a $200 million seed round, as investment trends focused on DeFi and finance-related initiatives.
Overview
- Flying Tulip raised $200 million in seed funding, achieving a valuation of $1 billion and leading this week’s crypto funding.
- The majority of the $351 million raised across 13 projects was attributed to DeFi and finance startups.
- Notable funding was also secured by payment and gaming projects like xMoney and AmbrusStudio.
Here are some key highlights from the week’s major announcements, according to Crypto Fundraising data:
Flying Tulip
- Flying Tulip, an on-chain exchange platform, successfully raised $200 million in seed funding.
- With backers including Brevan Howard, CoinFund, and DWF Labs, the startup reached a fully diluted valuation of $1 billion.
xMoney
- The payment infrastructure provider secured $21.5 million from a diverse group of investors, such as Sui Foundation and MultiversX (formerly Elrond).
- xMoney has raised a total of $31.5 million to date.
Lava
- Lava successfully raised $17.5 million, bringing its total to $27.5 million.
- Key backers include Peter Jurdjevic from the Qatar Investment Authority, Bijan Tehrani from Stake, and Zach White from 8VC, among others.
AmbrusStudio (E4C: Final Salvation)
- Raised $15 million in an undisclosed funding round.
- The E4C token is involved in gaming, NFTs, P2E, and sports.
- This investment was backed by Capital.
Projects < $15 Million
- Ethena Labs: $14 million in an undisclosed round.
- KGeN (previously Kratos): $13.5 million in an undisclosed round.
- Talus Labs: $10 million in a strategic funding round.
- Yield Basis: $5 million in a public sale.
- Tea Protocol: $3 million in a public sale.
- BaseVol: $3 million in a seed round.
- Novastro: $2 million in a public sale.
- Nolan: $2 million in a seed round.
- Drake Exchange: $1 million in a seed round.