Tabit Insurance, a pioneering firm in the blockchain-based insurance landscape, has successfully raised $40 million in an undisclosed funding round. This capitalization is particularly noteworthy as it is denominated in Bitcoin (BTC), marking an industry first. This innovative approach allows company auditors and regulators to verify the financing in real-time, enhancing transparency and trust. The funds are expected to bolster Tabit's efforts in expanding its insurance offerings and integrating blockchain technology to streamline processes and reduce fraud.
— Tabit Insurance (@TabitInsurance) March 24, 2025
Rain, a startup focused on improving interoperability within existing financial systems, has secured $24.5 million in a recent funding round. This brings the company's total fundraising to $30.5 million. The investment round saw participation from prominent investors, including Norwest Venture Partners, Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka. Existing investors such as Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital also contributed. Rain plans to utilize the capital to enhance its stablecoin authorization and settlement infrastructure, broaden its global presence, and further integrate with traditional financial systems.
CoreSky, a project dedicated to creating a meme launchpad on the Ethereum blockchain, has raised $15 million in its Series A funding round. The investment was led by Tido Capital and other investors. This funding is expected to accelerate the development of CoreSky's platform, which aims to provide a decentralized space for meme creators and enthusiasts to launch and trade meme-based tokens.
Abound, a cross-border remittance and rewards super app, has secured $14 million in an undisclosed funding round. The round was backed by NEAR Foundation, O Ventures, and Times Internet. Abound aims to simplify and enhance the remittance process for Non-Resident Indians (NRIs), offering seamless transactions and tailored financial services. The fresh capital will be used to expand its services and reach within the global remittance market.
Chronicle Labs, a company building oracle solutions across multiple blockchain networks, has raised $12 million in seed funding. The investment was backed by Strobe, Brevan Howard, and V. Chronicle Labs plans to use the funds to develop and deploy decentralized oracle networks that provide reliable and tamper-proof data feeds to smart contracts, enhancing the functionality and security of decentralized applications.
Several other blockchain-focused startups have also recently secured notable investments. Warlock Labs raised $8 million to bolster DeFi security on the Ethereum network, while Fragmetric secured $5 million aimed at developing advanced Solana (SOL) staking solutions. Tarta Labs attracted $4.5 million to create innovative play-to-earn gaming experiences across multiple blockchain platforms, and Arcium raised $4 million through a public sale, achieving a fully diluted valuation of $200 million.
Additionally, Capx AI obtained $3.14 million in funding to develop AI-driven decentralized applications on Ethereum. Planetarium Labs raised $3 million to further expand its play-to-earn gaming initiatives. Meanwhile, De Charge gathered $2.5 million to support its Decentralized Physical Infrastructure Networks (DePIN), and Magpie Protocol secured $1.6 million, reaching a fully diluted valuation of $45 million.
Stable Jack and Particle Network each raised $1.25 million for their respective blockchain ventures. Arcium, Skate, and Beraborrow each secured $1 million in recent funding rounds. Lastly, KiloEx gathered $750,000, resulting in a fully diluted valuation of $15 million, while Wave Wallet received $100,000 to fund its wallet development on the Sui blockchain.
These investments reflect a broader trend of increasing venture capital interest in the crypto and blockchain sectors, particularly in areas like insurance, payments, gaming, and decentralized finance (DeFi). The influx of capital is expected to drive innovation, enhance infrastructure, and promote the adoption of blockchain technologies across various industries.
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