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Crypto VC funding: DATA draws $30m as Fission lands $10m Series A

By Lawrence Mondal

Crypto and blockchain projects have announced at least $51.4 million across six disclosed financings during Oct. 10–16, led by Sui Foundation’s $30 million strategic investment in DATA Network. Crypto Fundraising and DefiLlama provided the starting deal lists, checked against company…

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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Venture capital

Money invested in young, high-growth companies by specialist funds in exchange for a share of ownership.

Venture funding decides which startups can grow and is a barometer of investor appetite for risk.

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Funding round

A stage in which a startup raises money from investors, named in sequence such as seed, Series A and Series B.

Each round sets a valuation and shows how much confidence investors have in the company.

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Blockchain

A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.

It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.

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