Crypto Startups Raise Over $100M in Weekly Funding Round

Crypto startups raised over $109 million between February 16 and February 23, led by a $75 million Series B round from Novig, according to data shared by CoinMarketCap Research.

The bulk of capital concentrated in prediction markets, AI-driven infrastructure, and payments-focused platforms, with later-stage rounds capturing the largest share of funding.

Novig Dominates Weekly Capital Flow

The largest raise came from Novig, securing $75 million in a Series B round focused on sports and prediction markets. The round was backed by Pantera Capital.

With $75 million alone accounting for the majority of the week’s total, the funding landscape was heavily skewed toward a single late-stage expansion round.

Mid-Tier Rounds: Wallets and Lending

Two additional double-digit raises followed:

• Kresus raised $13 million (Strategic round) in the mobile wallet sector, backed by Hanwha Investment & Securities.
• NEWITY secured $11 million (Strategic round) focused on lending, with participation from CMT Digital.

These mid-tier rounds suggest continued investor interest in infrastructure and credit-focused crypto services.

AI and DeFi Seed Activity Continues

Early-stage capital also flowed into artificial intelligence and decentralized finance verticals:

• Unicity raised $3 million (Seed) for AI and AI agent development, supported by Blockchain Ventures.
• PlutonAI secured $2.7 million (Seed), backed by Kitchen.
• PRED closed a $2.5 million Seed round with backing from Accel.

AI-linked crypto initiatives continue to attract seed-stage capital despite broader market volatility.

Payments and Neobank Plays Attract Pre-Seed Capital

The week also included smaller pre-seed allocations:

• Rizon raised $2 million, backed by Market One Capital.
• Fireplace secured $1.5 million, supported by Frachtis.
• Endl raised $1.5 million, with participation from Iterative and Tenity.

These early-stage raises indicate ongoing capital deployment into payment infrastructure and fintech-style crypto applications.

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Funding Concentration Reflects Selective Capital

While total weekly funding exceeded $109 million, capital distribution remains concentrated. The $75 million Novig round alone represented the majority of deployed funds.

The sector breakdown shows sustained investor appetite for:

• Prediction markets
• AI-driven crypto services
• Wallet and payment infrastructure
• Lending platforms

Despite broader market volatility, venture capital activity continues, though increasingly selective and theme-driven rather than broad-based.

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