Crypto VC funding: Ithaca leads week with $20m, Delta bags $11m

Ithaca and Delta are the top two firms with the highest fundraising for the week, data shows.

Held against last week’s modest fundraising, crypto VC funding has seen an uptick in the number and volume of funds raised this week.

This resembles the overall trend in early 2024, where VC crypto funding has been surging and sustained throughout the year. Data from Crypto Koryo shows that the total investment and the number of investments have surged in comparison to the last quarter of 2023.

Crypto.news compiled the data from Oct. 6 to Oct. 12 from Crypto Fundraising. Here’s this week’s top crypto VC funding data.

Ithaca, $20 million

Ithaca is a project focused on expanding decentralized technology by the creation of an open-source developer tool stack.
The firm raised $20 million from Paradigm recently.

Delta, $11 million

Delta is a permissionless network that allows for efficient interoperability between member domains.
The company raised $11 million from investors like Variant, DBA and Figment Capital.

Introducing delta, a network of networks with shared state

delta is an integrated system, built from the ground up to break the trade-off between sovereignty and interoperability for developers

We’re thrilled to announce $11M in funding to realize this vision pic.twitter.com/dUdkeEYhjX

— delta (@deltadotnetwork) October 9, 2024