Fundraising

Cloudburst Raises $7M Series A to Scale Off-Chain Crypto Intelligence Platform
The round was led by Borderless Capital with participation from Strategic Cyber Ventures, CoinFund, Coinbase Ventures, Bloccelerate VC and In-Q-Tel.

Avalanche Foundation Eyes $1B Raise to Fund Two Crypto Treasury Companies: FT
The AVAX tokens would be bought from the foundation at a discounted price.

Utila Raises $22M, Triples in Valuation as Stablecoin Infrastructure Demand Surges
Circle's IPO and Stripe acquiring stablecoin startup Bridge were the "bitcoin ETF moments" for stablecoin adoption, Utila CEO Bentzi Rabi said in an interview.

Jump Trading Alums Raise $20M for aPriori to Bring High-Frequency Trading Tools On-Chain
The San Francisco-based startup has secured $20 million in new funding, bringing total capital raised to $30 million.

Crypto Market Maker B2C2 Said to Be Raising up to $200M: Source
The transaction will allow majority holder SBI to reduce its stake in the crypto trading firm, the source said.

Function Raises $10M to Bring Yield to Bitcoin; Gets Backing From Galaxy Digital, Antalpha, and Mantle
With $1.5B in FBTC TVL, Function aims to transform bitcoin into a productive institutional asset.

The Open Platform Becomes First TON Unicorn Following $28.5M Raise
The developer said it was valued at a $1 billion valuation in an extended Series A fundraising.

Defi Dev Hikes Convertible Note Offering to $112M for Buyback, More SOL Purchase
The Nasdaq-listed firm upsized its note offering from $100 million as it ramps up its Solana-focused crypto treasury strategy.

Digital Asset, Builder of Privacy-Focused Blockchain Canton, Raises $135M
The strategic raise was led by DRW Venture Capital and Tradeweb Markets.

Positive U.S. Regulatory Environment More Conducive for Crypto Corporate Activity: JPMorgan
The number of crypto IPOs year-to-date matches the pace of offerings seen in the bull market of 2021, the report said.

