Crypto VC funding: Cipher Mining takes home $50m, D3 Global raises $25m

The final week of January saw a strong focus on AI and infrastructure development, with Cipher Mining securing $50 million from SoftBank.

The week’s funding reached over $200 million, with investments spread across various sectors, from mining operations to identity solutions and gaming platforms. Let’s look into the key deals that were completed, according to the data from Crypto Fundraising.

Cipher Mining, $50 million

• SoftBank-backed Cipher Mining raised $50 million through a PIPE (private investment in public equity) deal.

D3 Global, $25 million

• D3 Global secured $25 million in an unknown round
• The project, backed by Paradigm and Coinbase Ventures, has raised a total of $30 million

Irreducible, $24 million

• Irreducible raised $24 million in Series A funding
• The investment was supported by Paradigm, Rain Capital Crypto, and Fenbushi Capital
• The project has raised a total of $39 million

Humanity Protocol, $20 million

• Secured $20 million in an unknown round with $1.10 billion FDV
• Backed by Pantera and Jump
• Humanity Protocol has raised a total of $50 million

VitalVEDA, $20 million

• VitalVEDA raised $20 million in an unknown round
• The investment was backed by Rothman Management
• The project is creating an AI-powered fitness platform
• Focusing on sports and dApp development

Elastos, $20 million

• Elastos raised $20 million in an unknown round
• Backed by Rothman Management
• Elastos is building identity and L1 infrastructure

Sign, $16 million

• YZILabs-backed Sign raised $16 million in an unknown round
• The on-chain infrastructure, used for token distribution and credential verification, has raised a total of $28.65 million

Cryptio, $15 million

• Cryptio secured $15 million in Series A funding
• Backed by Alven, 1kx, and other investors
• Cryptio raised a total of $26.2 million

Pixion Games, $12.4 million

• Pixion Games raised $12.4 million in an unknown round
• The project is backed by Delphi Digital, SkyMavis, and L1D
• Pixion Games is building P2E gaming on Avalanche (AVAX)
• The project has raised $17.9 million so far

World Liberty Financial, $10 million

• World Liberty Financial secured $10 million in an unknown round
• The investment was backed by Web3PORT
• The project has raised a total of $340 million

Pod Network, $10 million

• Pod Network raised $10 million in seed funding
• The investment was backed by CSX, 1kx, and Blockchain Builders Fund

Notable crypto VC funding rounds under $10 million

• Cedar Money raised $9.90 million for stablecoin development
• Analog secured $5 million for multichain infrastructure with $300 million in FDV
• Pell Network raised $3.50 million for Bitcoin (BTC) ecosystem
• Maalexi gathered $3 million for marketplace development
• Mevvy secured $2.80 million for cross-chain trading
• Canopy raised $1.20 million for DeFi portfolio management
• McQueen Labs secured $1.16 million for Solana (SOL) ecosystem
• Based gathered $420k for Solana trading
• Clipper funding amount TBD for DeFi solutions