Crypto venture funding surged past $700 million last week, driven by a blockbuster $350 million M&A deal and a wave of AI- and infrastructure-focused projects.
From Aug. 31 to Sept. 6, 13 crypto ventures collectively raised $709.6 million, with AlloyX Limited’s M&A transaction leading the pack. Infrastructure platforms and AI-powered startups, including Kite AI, Aria Protocol, and Everlyn, dominated funding rounds, highlighting investors’ growing appetite for scalable blockchain solutions and artificial intelligence applications.
Summary
Crypto VC funding hit $709.6m across 13 projects from Aug 31–Sept 6.
AlloyX’s $350m M&A deal was the largest, driving infrastructure growth.
AI-focused projects like Kite AI, Aria Protocol, and Everlyn raised capital.
Here’s a detailed breakdown of this week’s crypto funding developments as per Crypto Fundraising data:
AlloyX Limited
Raised $350 million through M&A
AlloyX is a payment infrastructure and stablecoin platform
Etherealize
Etherealize, an institutional business development firm, secured $40 million in an unknown round
Investors include Electric Capital, Paradigm, and Vitalik Buterin
Utila
Utila, a non-custodial wallet platform, now has $22 million in a Series A round ($51.5 million total)
It’s backed by Redstone Venture Capital, Nyca Partners, and Wing VC
🚀 Big News: Utila Secures $22M Series A Extension! 🚀
We’re thrilled to announce that Utila has raised an additional $22 million in Series A extension funding, bringing our total Series A to $40 million and nearly tripling our valuation in just six months.
