Crypto VC funding: Ithaca raises $20m, Delta secures $11m

Ithaca and Delta are the top two firms with the highest fundraising for the week, data shows.

Held against last week’s modest fundraising, crypto VC funding has seen an uptick in the number and volume of funds raised this week.

This resembles the overall trend in early 2024, where VC crypto funding has been surging and sustained throughout the year. Data from Crypto Koryo shows that the total investment and the number of investments have surged in comparison to the last quarter of 2023.

Crypto.news compiled the data from Oct. 6 to Oct. 12 from Crypto Fundraising. Here’s this week’s top crypto VC funding data.

Ithaca, $20 million

• Ithaca is a project focused on expanding decentralized technology by the creation of an open-source developer tool stack.
• The firm raised $20 million from Paradigm recently.

Delta, $11 million

• Delta is a permissionless network that allows for efficient interoperability between member domains.
• The company raised $11 million from investors like Variant, DBA and Figment Capital.

Humanode, $10 million

• Humanode is a crypto-biometric network that has introduced Sybil resistance and governance models.
• The network has raised over $22.76 million so far.
• The latest $10 million raised was from investors like Republic Crypto and Big Brain Holdings.

The Open Network, $10 million

• The Open Network (TON) is a layer 1 blockchain created by Telegram.
• TON has raised $58 million since its inception.
• The firm raised $10 million, with Gate Venture leading the investment.

PiP World, $10 million

• PiP World is a gamified platform that was created to promote financial trading and learning.
• The firm recently raised $10 million in a seed round led by Exinity.