Crypto Companies Raise $823 Million In September

According to Blockworks, crypto companies raised a total of $823 million in September, distributed across 200 different companies. Leading the list was Celestia’s ecosystem fundraise of $100 million, followed by Infinex, which raised $65 million through public token sales. Strategic funding, such as Celestia’s, contributed significantly to the total amount, bolstered by TON Foundation’s ecosystem fundraises. However, seed rounds were the most common, with 41 companies securing seed funding last month, according to TIE data. DeFi companies also saw substantial funding, with 33 companies announcing raises. Despite this, Protocol Development led in terms of total funds raised, accumulating $192 million. As October begins, the funding landscape appears quieter, with only a few token unlocks anticipated later in the month. In a related development, Humanode has launched an Ecosystem Funding Program worth $10 million, aimed at supporting and nurturing the next generation of Sybil-resistant projects on its chain. The program will initially focus on consumer dapps with the potential to reach one million unique users. Humanode plans to collaborate with selected projects, offering not only funding but also technical, media, and community-building support. The team, including the founders and other core members, will assist these projects throughout the process. Dato Kavazi, co-founder of Humanode, emphasized the importance of investing in people and projects that understand the value of Sybil-resistance in their dapps. The goal is to support projects that have the drive and potential to make a significant impact in the industry.