Crypto VC Floods Pockets: Rain Pours $58M, OrangeX Sips $20M, and Other Cash Capers!

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Last week in the grand theatre of crypto venture capital-never a dull moment-an eye-watering $235 million dripped into startups like Rain, which, drenched in Series B glory, collected a princely $58 million for its stablecoin interoperability platform. Truly, the skies opened and wallets bled.

Elsewhere, M^0 (not to be confused with some elusive math theorem) snagged $40 million for its decentralized middleware protocol, as if to whisper, “Middleware is the new black.” OrangeX, ever the global crypto trading dandy, waltzed away with $20 million to grease its wheels in the chaotic bazaar of tokens.

Not to be outdone, aPriori muscled in a tidy $20 million strategic round, dabbling in the mysterious arts of DeFi, liquidity, and staking-three subjects that confound and delight in equal measure. Meanwhile, the smaller players-Hemi Labs, The Clearing Company, and Magne AI, amongst others-raised their own modest fortunes, proving that even in crypto, size doesn’t always matter. Investors, bless their hearts, remain deeply enamoured of this peculiarly volatile sphere.

Ah yes, the Series B fetches the bouquets this week. For those who cherish lists and numbers (and really, who doesn’t?), here lies the rundown according to the ever-watchful Crypto Fundraising data.

In Sum

  • Crypto VC raised a staggering $234.9 million this week-hail to Rain’s $58 million Series B deluge.
  • M^0 flaunted $40 million Series B cash, while OrangeX took a neat $20 million, presumably for cocktail parties or servers.
  • Smaller projects hoarded between $1.5 million and $15 million, revealing a sector blessedly chock-full of variety.

Rain

  • Rain managed to puddle up $58 million in a Series B round that boasted a star-studded cast: Sapphire Ventures, Dragonfly, Galaxy Digital, and others who probably have names too long for tweets.
  • Currently, the stablecoin interoperability platform has soaked up a total of $88.5 million, enough to retire comfortably on a sunny isle or just keep innovating-whichever comes first.

The forecast? Heavy Rain. ☔️

We’ve raised $58M in Series B funding-led by @SapphireVC with support from @Dragonfly_xyz, @galaxyhq, @SamsungNext, @lightspeedvp, @NorwestVP & Endeavor Catalyst.

Thanks to our team, partners, and investors for helping us rebuild global payments…

– Rain (@raincards) August 28, 2025

M^0

  • M^0, the humble decentralized middleware protocol, flexed with a $40 million Series B round. Decentralized? Middleware? Fiendishly complicated, but evidently popular with the appropriate wallet-holders.
  • Underwritten by Polychain Capital, Ribbit Capital, and Endeavor, this fledgling has amassed $97.5 million to date-enough to keep the digital cogs turning smoothly.

OrangeX

  • OrangeX, which trades crypto like a seasoned barkeep swaps stories, pocketed $20 million in its Series B round.
  • Investors such as Kryptos and SCI Ventures have pushed the total to a neat $30 million. Buy low, sell high, no?

aPriori

  • This little DeFi prodigy gathered $20 million strategically, juggling liquidity and staking like a carnival act.
  • Its backers-HashKey Capital, Pantera, and Primitive Ventures-must have been quite taken by their dazzling conjuring tricks.

Projects < $20 million

  • Hemi Labs snatched $15 million in a round whose details remain as mysterious as the Sphinx’s smile.
  • The Clearing Company scraped together $15 million in a Seed round-simple beginnings, lofty ambitions.
  • Magne AI secured $10 million in a Strategic round. Artificial intelligence never looked so profitable.
  • Hyperbot notched $6.75 million, detail unknown-perhaps they prefer to keep their hyperbots under wraps.
  • Metafyed pulled in $5.5 million from the ether, round unknown.
  • Multipli, $5 million; Splendor Labs, $4.5 million in a Seed round; Almanak, $2.5 million in Public sale; Superfluid, $2 million in Public sale; Suzaku, $1.5 million; and Fly (formerly Magpie Protocol), a modest $340,000-all sums that will surely make their founders evening conversation positively scintillating.

In the grand comedy of crypto capital, where fortunes are made, lost, and made again with dizzying frequency, these sums remind us that while the rain may fall, some of us are determined to dance in it-umbrella optional. ☂️💸

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2025-08-30 22:05