Crypto VC Funding: Figure raises $787.5m in IPO, Rapyd bags $500m

The week of September 7-13 was a milestone period with $1.213 billion in crypto funding across 10 projects, including VC rounds and initial public offerings.

Here’s a comprehensive overview of this week’s crypto funding activity as per Crypto Fundraising data:

Figure

• Figure raised $787.5 million through IPO
• The project offers loan origination and equity management
• Figure has bagged $2.51 billion so far

Rapyd

• Rapyd secured $500 million in a Series F round
• The project is a global fintech platform that offers payment infrastructure
• The investment was backed by Xpring, Target Global, and BlackRock

Gemini

• Raised $425 million through IPO
• Gemini is a US-based cryptocurrency exchange and custodian bank
• The exchange has raised $825 million so far

Inversion Capital

• Inversion Capital gathered $26.5 million in a Seed round
• The project is a private equity firm that focuses on traditional companies
• Investors include Dragonfly, VanEck, and Lightspeed Faction

Projects < $3 Million

• Intuition, $2.13 million in a public sale with $85 million fully diluted valuation
• Everlyn, $2 million in a public sale with a $100 million fully diluted valuation
• PlayAI, $2 million in a Public sale
• Gyld Finance, $1.5 million in a Pre-seed round
• Recoveris, $1.26 million in a Seed round