Blockchain Startups Raise $151M, Partior Leads

Blockchain startups have raised $150.9 million in the past few days. Partior’s $60 million Series B announcement was the largest round last week, demonstrating solid investment in the crypto space.

The blockchain sector has seen a significant influx of capital this week, with 22 startups raising a total of $150.9 million across various funding rounds, according to Cryptocurrency Fundraising.

In the table below you can see the distribution of funding for this week:

Cryptocurrency Fundraiser July 7-13 | Source: Cryptocurrency Fundraiser

Largest funding round: Partior, $60 million

Leading the pack, Partior raised $60 million in a Series B funding round to enhance its global unified ledger-based interbank systems for real-time clearing and settlement.

Peak XV Partners led the round. Valor Capital Group and Jump Trading Group also participated, along with existing investors JP Morgan, Standard Chartered and Temasek.

Partior, a fintech company, aims to use the funds raised in the round to expand its international network and integrate more currencies into its platform. It currently supports the US dollar, euro, and Singapore dollar.

The company’s technology is already used by major banks such as DBS, JP Morgan and Standard Chartered to facilitate payment flows.

RedStone Oracles, $15 million

Elsewhere, RedStone Oracles has secured $15 million in a Series A round to advance its modular blockchain oracle solution.

The round was led by serial cryptocurrency financier Arrington Capital, with contributions from Spartan, IOSG Ventures, and other major investors.

Founded in 2021 during the Arweave incubation program, RedStone has quickly gained traction, now boasting over 100 customers and a valuation of $4 billion.

The company’s Oracle products aim to reduce gas fees for decentralized applications on Ethereum Virtual Machine (EVM) and rollup-as-a-service (RaaS) networks.

SendBlocks, $8.2 million

Another Big Winner in Crypto VC This Week financing It was the Israeli startup SendBlocks, which specialized in blockchain data management.

The company raised $8.2 million in seed funding led by Castle Island Ventures. The round also saw participation from other VCs, including Pitango, Illuminate Financial, Laser Digital, and Starkware.

The SendBlocks platform enables blockchain companies to define critical data and leverages its technology to extract valuable insights from the blockchain.

Other Notable Fundraisers

Tabi (formerly Treasureland): Raised $16.1 million in a public round. Tabi is a decentralized marketplace for NFTs that offers trading, a launchpad, and a gaming platform.

In a June 14 post on X, the company said it raised a whopping $5 million in the first hour of its public token sale alone.

TO DIG: Raised $15 million from investors including Rarestone Capital and Cypher Capital. ZAP focuses on reputation-based token distribution to reward user contributions and is expanding its protocol to other blockchains.

The project says it will use the funds to help solve key problems in the air launch and launch pad industry, as well as expand its services to new locations and blockchains.

Rome Protocol: It emerged from the shadows with $9 million in funding from major cryptocurrency venture capital firms like Hack VC and P2 Ventures.

The Rome Protocol aims to use Solana (SOL) as a companion network for Ethereum (ETH) layer 2 blockchain, thus improving efficiency without compromising user experience.

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