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Tabit, Rain, CoreSky raise capital

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Over the past week, venture capital investments in financial infrastructure services garnered significant attention.

Tabit Insurance and Rain together secured over $64 million for tailored financial solutions.

Data from a fundraising platform indicates that total funding for the week surpassed $130 million, with heightened interest noted in areas such as insurance, payment systems, and the development of multi-ecosystem projects across various blockchain networks.

Tabit Insurance, $40 million

  • Tabit Insurance raised $40 million in an undisclosed funding round.
  • The $40 million insurance facility, denominated in Bitcoin (BTC), is being hailed as “an industry first,” allowing for real-time verification by auditors and regulators.

Rain, $24.50 million

  • Rain secured $24.50 million in an undisclosed round, bringing its total funding to $30.5 million.
  • Notable investors include Norwest Venture Partners, Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka, while existing backers comprise Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital.
  • The funding will support Rain in improving interoperability with current financial systems, expanding its global reach, and developing its infrastructure for stablecoin authorization and settlements.

CoreSky, $15 million

  • CoreSky has successfully raised $15 million in Series A funding.
  • The investment saw backing from Tido Capital and other contributors.
  • This initiative aims to launch a meme platform on the Ethereum (ETH) network.

Abound, $14 million

  • Abound raised $14 million in an undisclosed funding round.
  • The round was supported by the NEAR Foundation, O Ventures, and Times Internet.
  • Abound operates as a cross-border remittance and rewards super app.

Chronicle Labs, $12 million

  • Chronicle Labs secured $12 million in seed funding.
  • This round received support from Strobe, Brevan Howard, and V.
  • The venture focuses on creating oracle solutions across various blockchain networks.

Notable crypto VC funding rounds

  • Warlock Labs raised $8 million focused on DeFi security within Ethereum.
  • Fragmetric secured $5 million for staking solutions on the Solana (SOL) network.
  • Tarta Labs amassed $4.50 million to enhance P2E gaming across multiple blockchain environments.
  • Arcium raised $4 million through a public sale with a total valuation of $200 million.
  • Capx AI secured $3.14 million aimed at developing AI applications on Ethereum.
  • Planetarium Labs raised $3 million for P2E gaming initiatives.
  • De Charge secured $2.50 million for decentralized infrastructure projects.
  • Magpie Protocol raised $1.60 million with a $45 million total valuation.
  • Both Stable Jack and Particle Network each raised $1.25 million.
  • Arcium, Skate, and Beraborrow secured $1 million each.
  • KiloEx raised $750,000 with a $15 million total valuation.
  • Wave Wallet gathered $100,000 to support the development of a Sui wallet.



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