Categories: CRYPTO

AlloyX Limited dominates with $350m deal

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

https://twitter.com/utila_io/status/1963211683582689730?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow

Kite AI

Kite AI, an EVM-compatible Layer 1 blockchain, gathered $18 million in a Series A round
Investors include Immersion Ventures, General Catalyst, and 8VC

Aria Protocol

Aria Protocol raised $15 million in a Seed round
Polychain Capital, Neoclassic, and Story Protocol took part in the fundraise

Everlyn

Everlyn secured $15 million from Mysten Labs, Selini, and Nesa
The startup has a fully diluted valuation of $250 million

https://twitter.com/Everlyn_ai/status/1962163714821652927?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow

Projects > $15 Million

RISC Zero (Boundless), $13.7 million in a Public sale with $290 million fully diluted valuation
Tangany, $11.64 million in a Series A round
Plural, $7.13 million in a Seed round
Kea, $7 million in a Seed round with $47 million fully diluted valuation
Reflect, $3.75 million in a Seed round
Wildcat Labs, $3.5 million in a Seed round
Maiga AI, $2 million in a Strategic round