Crypto VC funding: Kaiko leads $180M week

Crypto and blockchain companies announced at least $180.25 million in disclosed financing across nine deals from Sep. 12 to Sep. 18. Crypto market data provider Kaiko led the week with a $110 million round backed by several major financial institutions. Summary Nine crypto companies announced funding during the week, with disclosed capital totaling $180.25 million. Kaiko secured $110 million in the week’s largest transaction, led by S&P Global. Fin.com raised $20 million to expand its stablecoin-based cross-border payment infrastructure. dtcpay added $15 million, taking its combined Series A funding to $25 million. Payments, tokenized credit, and institutional infrastructure accounted for most disclosed funding. Fin.com followed with a $20 million seed round, while stablecoin payment company dtcpay added $15 million to its Series A. Funding activity centered on market data, stablecoin payments, tokenized credit, and institutional financial infrastructure. Data from Crypto Fundraising and company announcements showed seven deals with disclosed amounts and two investments with undisclosed terms. The total excludes acquisitions announced during the period, including S&P Global’s purchase of OpenZeppelin and Independent Research Forum’s deal for Nomina. Kaiko raises $110 million from financial institutions Kaiko secured $110 million in the largest crypto financing announced during the week. S&P Global led the transaction, with BNP Paribas, Nasdaq, Royal Bank of Canada, Bpifrance, and Susquehanna also participating. The New York-based company provides market data, indices, reference rates, and other services covering more than 150 crypto exchanges and decentralized protocols. Kaiko said it would use the capital to improve its data services and expand its product range. You might also like: VC crypto investments surge as market rebounds, hits $2.5b in Q1 The investment followed an earlier agreement combining Kaiko’s digital asset indices and reference rates with S&P Dow Jones Indices’ crypto products under the S&P Kaiko Digital Asset Indices brand. Participation from S&P Global, Nasdaq, and several large banks tied the week’s biggest round to growing institutional demand for regulated crypto data. Kaiko’s US operations also place it within a market where exchanges, asset managers, and financial companies need reliable pricing data for trading, tokenization, and investment products. Fin.com secures $20 million seed round Payments infrastructure company Fin.com raised $20 million in a seed round backed by Expa, Coinbase Ventures, Tenet Fund, and Second Sight Ventures. Expa founder and Uber co-founder Garrett Camp also participated. Fin.com combines stablecoin infrastructure with local banking networks to help businesses send and receive cross-border payments. Its platform offers multi-currency accounts, fiat and stablecoin wallets, foreign exchange services, and embedded compliance through one application programming interface. The company says its network connects businesses with regulated payment systems in more than 30 countries and supports over 40 currencies.