Crypto VC funding: Circle’s $1.1b IPO, IOST’s $21m raise lead the week

Crypto venture funding roared back to life in the first week of June, with capital flowing into both blockbuster deals and early-stage bets.

The headline grabber was Circle’s long-awaited initial public offering (IPO), which brought in $1.1 billion and marked the company’s debut on the NYSE under the ticker CRCL.

Altogether, crypto projects attracted $1.17 billion from June 1–7, according to Cryptofundraising data. From major strategic rounds like IOST and Avantis to smaller seed raises for emerging players like 3Jane and Launcher Capital, the week highlighted a growing investor appetite across the Web3 stack.

Here’s a list of the different funding activity:

IOST

• IOST ( IOST ) secured $21 million in a Strategic round
• The investment was backed by DWF Labs, Presto, and Redman Management

Rails

• Raised $14 million in an Unknown round
• Investors include Kraken Ventures, Slow Ventures, and CMCC Global
• Rails has raised $20.2 million so far

Avantis

• Avantis gathered $8 million in a Series A round
• The investment was backed by Pantera, Founders Fund, and Salt Fund
• The project has raised $12 million so far

Projects < $6 million

• Soul Labs, $5.96 million in a Public sale
• 3Jane, $5.2 million in a Seed round
• Launcher Capital, $4 million in a Seed round
• HashPower, $4 million in a Strategic round
• HeyElsa, $3 milliona in an Unknown round
• Shards Protocol (Aura), $2 million in an Unknown round
• AINX, $2 million in a Seed round
• Variational, $1.5 million in a Strategic round
• LayerEdge, $1 million in a Public sale