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 btc1.49% Bitcoin is “an industry first,” with company auditors and regulators able to verify the financing in real time.

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. 

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 eth2.12% Ethereum

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

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

Notable crypto VC funding rounds < $10 million

• Warlock Labs raised $8 million for DeFi security on Ethereum
• Fragmetric secured $5 million for Solana sol1.73% Solana 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