Crypto VC funding: Tenstorrent raises $1.5b, Whop secures $200m

Crypto and crypto-linked companies announced $1.7626 billion across eight disclosed financings during Oct. 17–23, 2026, led by Tenstorrent’s $1.5 billion Series E. Summary Eight disclosed financings totaled $1.7626 billion during the Oct. 17–23 reporting period. Tenstorrent closed a $1.5 billion Series E at a $6.2 billion post-money valuation. Whop raised $200 million from Sequoia and Shopify Ventures for expansion and product development. Robinhood Ventures Fund I disclosed a $30 million preferred-stock investment in US bank Erebor. Tether backed Tenstorrent, led Mural’s Series A and led Peso’s undisclosed pre-seed round. Crypto Fundraising, DeFiLlama and DropsTab provided the deal inventory, checked against company announcements, investor disclosures and reporting. Amounts reflect financing announced during the week, including transactions that closed earlier. Valuations, cumulative funding and previously announced offerings are excluded from the aggregate. Tenstorrent’s $1.5 billion round dominates crypto-linked funding Tenstorrent closed its Series E on Oct. 19, with Trace Capital and Innovation X leading the $1.5 billion equity financing. The round valued the AI computing comp...