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.
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.
Two additional double-digit raises followed:
These mid-tier rounds suggest continued investor interest in infrastructure and credit-focused crypto services.
Early-stage capital also flowed into artificial intelligence and decentralized finance verticals:
AI-linked crypto initiatives continue to attract seed-stage capital despite broader market volatility.
The week also included smaller pre-seed allocations:
These early-stage raises indicate ongoing capital deployment into payment infrastructure and fintech-style crypto applications.
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:
Despite broader market volatility, venture capital activity continues, though increasingly selective and theme-driven rather than broad-based.
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