Ribbit

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 Introduction
 The crypto industry continues to boom, with innovative startups and companies securing significant funding rounds to fuel their growth and development. On October 23, 2023, several noteworthy funding rounds took place, showcasing the industry’s dynamism and potential. In this listicle, we’ll take a closer look at six crypto projects and companies that successfully raised funds on that date.
 1. Ctrl Alt – Seed
 Overview
 <ul>
 <li>Date: October 23, 2023</li>
 <li>Financing Amount: $2.7 million</li>
 <li>Category: Others</li>
 </ul>
 About Ctrl Alt – Seed
 Ctrl Alt is a fintech startup specializing in alternative asset solutions. In their latest seed round, they secured $2.7 million in funding. The round was led by prominent investors Forward Partners and Middlegame Ventures. Ctrl Alt offers a flexible range of products for investment platforms, fintechs, and asset owners seeking alternative financing options to raise capital.
 2. Blockaid – Series A
 Overview
 <ul>
 <li>Date: October 23, 2023</li>
 <li>Financing Amount: $27 million</li>
 <li>Category: Web3</li>
 <li>Subcategory: Security</li>
 </ul>
 About Blockaid – Series A
 Blockaid, a Web3 security tools provider, raised a staggering $27 million in its Series A funding round. This funding was backed by heavyweight investors such as Sequoia Capital, Greylock Partners, Cyberstarts, Ribbit Capital, and Variant. Blockaid’s mission is to prevent malicious transactions, protecting Web3 users from scams, phishing, and hacks.
 3. BRLA Digital – Pre-Seed
 Overview
 <ul>
 <li>Date: October 23, 2023</li>
 <li>Financing Amount: $0.6 million</li>
 <li>Category: Infrastructure</li>
 <li>Subcategory: Payment</li>
 </ul>
 About BRLA Digital – Pre-Seed
 BRLA Digital, a fintech company specializing in cross-border payments and cryptocurrency infrastructures, raised $0.6 million in its pre-seed round. Notable investors in this round include Coins, a Filipino exchange led by Wei Zhou (former CFO of Binance), and Rodrigo Benez, a digital asset investor known for founding Brazil’s first stablecoin. BRLA Digital aims to leverage Brazil’s progressive crypto regulations to drive its growth.
 4. Crusoe Energy – Debt Financing
 Overview
 <ul>
 <li>Date: October 23, 2023</li>
 <li>Financing Amount: $200 million</li>
 <li>Category: Infrastructure</li>
 <li>Subcategory: Bitcoin Mining</li>
 </ul>
 About Crusoe Energy – Debt Financing
 Crusoe Energy, with a mission to align computing with the climate, announced a significant expansion of its cloud business with $200 million in new financing. Upper90, an investment firm, committed to asset-backed financing, will support Crusoe’s rapid expansion in the AI cloud space. Crusoe reduces the environmental impact of the digital economy by using stranded energy sources to power AI, crypto, and high-performance computing applications.
 5. PADS Financial – Pre-Seed
 Overview
 <ul>
 <li>Date: October 23, 2023</li>
 <li>Financing Amount: $2.2 million</li>
 <li>Category: Others</li>
 <li>Subcategory: Lending/Borrowing</li>
 </ul>
 About PADS Financial – Pre-Seed
 Montreal-based PADS Financial secured $2.2 million in pre-seed funding for its online mortgage platform. The funding was provided by angel investors who are leaders in the Quebec real estate market. PADS Financial focuses on leveraging technology to provide transparency, efficiency, and security to the private lending industry. Their platform simplifies the lending process and makes private lending more accessible through AI and blockchain innovations.
 6. Port3 Network – Undisclosed
 Overview
 <ul>
 <li>Date: October 23, 2023</li>
 <li>Financing Amount: Undisclosed</li>
 <li>Category: Web3</li>
 <li>Subcategory: Social Network</li>
 </ul>
 About Port3 Network – Undisclosed
 Port3 Network announced an undisclosed investment and ongoing collaborations with DWF Labs, Jump Crypto, and KuCoin Ventures. This funding will enhance the development of BQL’s social data layer to meet the evolving demands of Web3. Port3 aggregates and standardizes off-chain/on-chain data to create a universally accessible and powerful social data layer for Web3 use cases. Their product, SoQuest, covers multiple L1s and most EVMs.
 Conclusion
 These <a rel="noopener noreferrer nofollow" title="Recent Funding Rounds" href="https://thebittimes.com/tag/recent-funding-rounds.html">Recent Funding Rounds</a> underscore the vibrant and innovative nature of the crypto industry. With substantial investments pouring into a diverse range of projects, from security solutions to alternative assets and beyond, the crypto space continues to shape the future of finance and technology. Stay tuned for more exciting developments in this ever-evolving landscape.
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The post 6 Crypto Projects and Companies That Recently Scored Big in Funding on October 23rd appeared first on BitcoinWorld.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/6-crypto-projects-and-companies-that-recently-scored-big-in-funding-on-october-23rd-tbt68018.html">https://thebittimes.com/6-crypto-projects-and-companies-that-recently-scored-big-in-funding-on-october-23rd-tbt68018.html</a>

6 Crypto Projects and Companies That Recently Scored Big in Funding on October 23rd

TheBitTimes

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