Stripe buys Bridge, Bluesky bags $15m

Bridge, a stablecoin startup founded just three years ago, announced a deal this week that will have most crypto entrepreneurs salivating.

San Francisco-based payment processing company Stripe has agreed to acquire Bridge for $1.1 billion.

This transaction will likely leave crypto entrepreneurs wondering when their startups will be mature enough to attract a major buyer. Until then, early-stage companies will need to continue courting venture capitalists to expand their sales footprint.

Here are the latest startups doing just that, according to Crypto Fundraising data collected between October 20th and October 26th:

Bluesky, $15 million Bluesky completed its Series A financing round. The decentralized social media platform has raised $15 million from leading investors such as Blockchain Capital.

Bluesky raises $15 million Series A investment

Decentralized social media project Bluesky raised $15 million in Series A investment led by Blockchain Capital. According to Decrypt, SevenX, True Ventures and Alumni Ventures also participated in this round. Bluesky also announced…

— CoinNess Global (@CoinnessGL) 24 October 2024

Variational, $10.3 million Variational is a peer-to-peer trading protocol built for perpetual and generalized derivatives. The firm raised $10.3 million in a seed round led by investors including Bain Capital Crypto and Peak XV Partners. Validation Cloud, $10 million Validation Cloud is a web3 infrastructure platform focused on scalable and compliant infrastructure for enterprises. The firm raised $10 million from True Global Ventures. Validation Cloud has raised a total of $15.8 million so far. Crypto VC funding raises less than $10 million Web3 mobile gaming platform Party Icons raises $9 million. Digital investment marketplace STOKR raised $7.98 million from Fulgur Ventures. Karpatkey, which provides DAO Treasury services, raised $7 million. Full-stack decentralized platform Azura raised $6.9 million in seed round. Non-custodial crypto trading platform Shuttle Labs has raised $6 million from CMCC Global. Crypto exchange Hata has raised $4.2 million in a seed round led by Castle Island Ventures and Nic Carter. Hana Network, Binance Labs, Sushi, Orange DAO etc. raised $4 million from investors. Decentralized lending platform Fluid Protocol has raised $3.9 million in its seed round. Moonwalk Fitness has raised $3.4 million from prominent investors like Hack VC. Borderless raised $3.3 million in a pre-seed round led by Amity Ventures. Opti Games Studio has raised $2 million with L1 Digital as lead investor. NFT marketplace Ordzaar has raised $2 million from leading investors like LongHash Ventures. Decentralized infrastructure platform Craftt raised $2 million in seed round. Decentralized exchange BulbaSwap has raised $1.3 million from leading investors such as Foresight Ventures. Skyfire raises $1 million from Coinbase Ventures and a16z crypto.

Check out last week’s article here.