Tabit, Rain, CoreSky raise capital

by John Smith March 29, 2025

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John Smith March 29, 2025 0 comments 1 views

This past week, there was an increased focus on venture capital investment in financial infrastructure services.

Tabit Insurance and Rain collectively raised over $64 million for specialized financial solutions.

According to Crypto Fundraising data, the total funding for the week exceeded $130 million. The data shows that more interest was shown in insurance, payments, and multi-ecosystem development across various blockchain networks.

Tabit Insurance, $40 million

Tabit Insurance raised $40 million in an unknown round
The capitalization of the $40 million insurance facility in Bitcoin (BTC) is “an industry first,” with company auditors and regulators able to verify the financing in real time.

Rain, $24.50 million

Rain secured $24.50 million in an unknown round. The startup has raised a total of $30.5 million so far.
Norwest Venture Partners, Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka participated in the effort. Existing investors include Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital
This investment will enable Rain to enhance interoperability with existing financial systems, broaden its global presence, and advance its stablecoin authorization and settlement infrastructure.

Excited to announce $24.5M in new funding for Rain led by @NorwestVP with participation from new investors @Galaxyhq, @CompoSecure, Goldcrest, Vinyl, @BDMIFund, @LatitudeCapital, Thayer and @_hardyaka, and existing investors @lightspeedvp, @cbventures, and @CanonicalCrypto.… pic.twitter.com/q7QjkKAaXa

— Rain (@raincards) March 24, 2025

CoreSky, $15 million

CoreSky has raised $15 million in Series A funding
The investment was backed by Tido Capital and other investors
The project is creating meme launchpad on Ethereum (ETH)

Abound, $14 million

Raised $14 million in an unknown round
Backed by NEAR Foundation, O Ventures, and Times Internet
Abound is a cross-border remittance and rewards super app

Chronicle Labs, $12 million

Chronicle Labs raised $12 million in seed funding
The investment was backed by Strobe, Brevan Howard, and V.
The project is building oracle solutions on multiple chains

Notable crypto VC funding rounds < $10 million

Warlock Labs raised $8 million for DeFi security on Ethereum
Fragmetric secured $5 million for Solana (SOL) staking
Tarta Labs gathered $4.50 million for P2E gaming across multiple chains
Arcium raised $4 million through public sale with $200 million FDV
Capx AI secured $3.14 million for AI dApps on Ethereum
Planetarium Labs raised $3 million for P2E gaming
De Charge gathered $2.50 million for DePIN infrastructure
Magpie Protocol secured $1.60 million with $45 million FDV
Stable Jack and Particle Network each raised $1.25 million
Arcium, Skate, and Beraborrow each secured $1 million
KiloEx gathered $750,000 with $15 million FDV
Wave Wallet raised $100,000 for Sui wallet development

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