Crypto VC Funding: Hercle raises $60m, MegaETH bags $50m

The week of October 26 to November 1, generated $169.73 million in crypto funding across 13 projects.

Summary

• Hercle led weekly funding with $60M, followed by MegaETH’s $49.95M sale.
• Total crypto funding hit $169.73M across 13 projects this week.
• Bron, ZAR, and Standard Economics also secured multi-million dollar rounds.

As per the latest data, Hercle’s $60 million raise led this funding period. Here’s a breakdown of this week’s crypto funding activity as per Crypto Fundraising data.

Hercle

• Raised $60 million in an unknown round
• Hercle is an institutional-grade infrastructure platform
• Backed by F-Prime Capital Partners, Falcon Ventures, and Original Capital

MegaLabs (MegaETH)

• MegaETH secured $49.95 million through public sale
• Fully diluted valuation of $999 million
• MegaLabs is the developer of MegaETH, an Ethereum Layer-1 blockchain platform

Bron

• Raised $15 million in an unknown round
• Investors include GSR, LocalGlobe, and Fasanara Capital
• Bron Labs is a self-custody platform

ZAR

• ZAR gathered $12.9 million in an unknown round
• Backed by AI6Z, Dragonfly, and VanEck
• ZAR raised $20.4 million so far’

https://twitter.com/zardotapp/status/1983140063832625398

Projects Under $10 Million

• Standard Economics, $9 million in a Seed round
• Accountable, $7.5 million in an Unknown round
• Momentum (MSafe), $4.5 million in a Public sale
• DeepSafe, $3 million in a Seed round
• Pieverse, $3 million in a Seed round
• Semantic Layer, $2 million in a Series A round
• Marina Protocol, $1.68 million in an Unknown round with $40 million fully diluted valuation
• Paystream, $750,000 in a Public sale with $1.86 million fully diluted valuation
• Aria Protocol, $500,000 in an Unknown round