Crypto VC Funding Surges: Bullish Nets $1.1B in NYSE Debut
Crypto VC Funding jumped with nearly $1.5 billion across 18 projects this week. Bullish priced its NYSE IPO at $37 per share, raising $1.1 billion and securing a $5.4 billion valuation. Story Protocol partnered with Heritage Distilling in a $220 million token-and-cash placement, including $82 million in IP tokens. Cybersecurity firm 1Kosmos closed a $57 million Series B, while Sui’s Mysten Labs secured $20 million. Other notable rounds included Neon Machine’s $19.5 million raise and Transak’s $16 million strategic funding. Finance and infrastructure deals dominated. Crypto VC Funding highlights renewed institutional appetite and liquidity in blockchain startups, underlining strong growth prospects for DeFi and Web3 ventures.
Bullish
The blockbuster $1.1 billion IPO by Bullish—oversubscribed and led by major banks—demonstrates renewed institutional confidence in crypto exchanges. Coupled with significant private placements for Story Protocol and robust Series B and strategic rounds for 1Kosmos, Sui, Neon Machine and Transak, the news underscores a broader uptick in Crypto VC Funding. Historically, surges in venture capital precede market rallies in digital assets, as seen in 2021’s bull run after record seed investments. Short-term, increased liquidity may boost token price speculation. Long-term, stronger capital reserves for infrastructure and DeFi projects could drive network growth and adoption, reinforcing bullish momentum across crypto markets.