Crypto VC Funding Surges with $1.21B Raised in a Single Week

The cryptocurrency sector witnessed a landmark week from September 7-13, with $1.213 billion in funding across 10 projects. Figure's $787.5 million IPO stands out as one of the largest public offerings in crypto history, bringing its total funding to $2.51 billion. The project specializes in loan origination and equity management, signaling growing institutional interest in blockchain-based financial solutions.

Fintech platform Rapyd secured $500 million in a Series F round, backed by heavyweights like BlackRock and Target Global. Meanwhile, Gemini, the U.S.-based exchange, raised $425 million through its IPO, further solidifying its position in the custody and trading space. These capital inflows underscore the accelerating convergence of traditional finance and digital assets.

Private equity firm Inversion Capital marked its entry with a $26.5 million seed round, drawing support from Dragonfly and VanEck. The week's activity demonstrates venture capital's continued appetite for crypto-native infrastructure and fintech innovation, despite macroeconomic headwinds.