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crypto.news 2025-03-29 13:22:33

Crypto VC funding: Tabit Insurance raises $40m, Rain secures $24.50m

This past week, there was an increased focus on venture capital investment in financial infrastructure services. Tabit Insurance and Rain collectively raised over $64 million for specialized financial solutions. According to Crypto Fundraising data, the total funding for the week exceeded $130 million. The data shows that more interest was shown in insurance, payments, and multi-ecosystem development across various blockchain networks. Tabit Insurance, $40 million Tabit Insurance raised $40 million in an unknown round The capitalization of the $40 million insurance facility in Bitcoin ( BTC ) is “an industry first,” with company auditors and regulators able to verify the financing in real time. https://t.co/N1K6bHz73l — Tabit Insurance (@TabitInsurance) March 24, 2025 Rain, $24.50 million Rain secured $24.50 million in an unknown round. The startup has raised a total of $30.5 million so far. Norwest Venture Partners, Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka participated in the effort. Existing investors include Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital This investment will enable Rain to enhance interoperability with existing financial systems, broaden its global presence, and advance its stablecoin authorization and settlement infrastructure. Excited to announce $24.5M in new funding for Rain led by @NorwestVP with participation from new investors @Galaxyhq , @CompoSecure , Goldcrest, Vinyl, @BDMIFund , @LatitudeCapital , Thayer and @_hardyaka , and existing investors @lightspeedvp , @cbventures , and @CanonicalCrypto .… pic.twitter.com/q7QjkKAaXa — Rain (@raincards) March 24, 2025 CoreSky, $15 million CoreSky has raised $15 million in Series A funding The investment was backed by Tido Capital and other investors The project is creating meme launchpad on Ethereum ( ETH ) Abound, $14 million Raised $14 million in an unknown round Backed by NEAR Foundation, O Ventures, and Times Internet Abound is a cross-border remittance and rewards super app Big news!🎉🎉🎉 Abound raises $14M to enhance cross-border financial solutions for NRIs. Thanks to @NEARFoundation , @circle_ventures , & @TimesInternet for backing our vision. Here’s to more seamless remittances and tailored financial services! pic.twitter.com/yWPwIwwLD8 — Abound by The Times of India (@joinabound) March 27, 2025 Chronicle Labs, $12 million Chronicle Labs raised $12 million in seed funding The investment was backed by Strobe, Brevan Howard, and V. The project is building oracle solutions on multiple chains Excited to announce that Chronicle raised $12M in Seed Funding, led by @strobefund , to build infrastructure for the next wave of institutional adoption. 🧵 pic.twitter.com/qzwkDL16Wy — Chronicle Protocol 📖 (@ChronicleLabs) March 25, 2025 Notable crypto VC funding rounds Warlock Labs raised $8 million for DeFi security on Ethereum Fragmetric secured $5 million for Solana ( SOL ) staking Tarta Labs gathered $4.50 million for P2E gaming across multiple chains Arcium raised $4 million through public sale with $200 million FDV Capx AI secured $3.14 million for AI dApps on Ethereum Planetarium Labs raised $3 million for P2E gaming De Charge gathered $2.50 million for DePIN infrastructure Magpie Protocol secured $1.60 million with $45 million FDV Stable Jack and Particle Network each raised $1.25 million Arcium, Skate, and Beraborrow each secured $1 million KiloEx gathered $750,000 with $15 million FDV Wave Wallet raised $100,000 for Sui wallet development Read more: Massive institutional purchases of BTC could spark the next bull cycle: What altcoin not to miss

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