Crypto funding: A $46M week with a crypto exchange snagging biggest haul

Bit2Me, based in Spain, successfully secured $15 million, bucking the trend of crypto exchanges falling prey to American regulators


Paul Craft/Shutterstock modified by Blockworks


Seven crypto startups raised a little over $46 million this week, with Web3 payment platforms and an interoperability protocol among the fray. 

Bit2Me, a Spanish crypto exchange, pulled in the most capital this week — $15 million — in a bid to grow its home business as well as expand into Latin America, an area of the world venture capital firms are beginning to see as a crypto hotbed.

The raise was carried out by Investcorp with participation from Telefónica Ventures, Stratminds VC, Cardano and the YGG fund. 

Leif Ferreira, Bit2Me co-founder and CEO, said in a statement that his company has been working for over two years to improve the quality of the product while also maintaining regulatory compliance.

“This funding will boost our acquisition of new customers specially thanks to Investcorp, an international partner with significant financial muscle, and to Telefónica, who will give us more channels in Latin America.”

This news of fresh cash for Bit2Me comes a week after crypto exchanges Coinbase and Binance fell under the crosshairs of the SEC for allegedly selling unregistered securities. Bit2Me’s services aren’t available in the United States, according to its website.

A focus on crypto payments

Two startups focused on streamlining crypto payments raised money this week.

First, Poko secured $4.5 million from lead investors Y Combinator, NAZCA, and Global Founders Capital. Its two main products right now are a direct checkout tool for smart contracts and an onramp aggregator. 

Poko told news outlet Tech in Asia that it has over 11 million active wallets using its payment rails across Latin America, India, and Southeast Asia.

A second crypto payment processor, BoomFi, raised $3.8 million in a round led by White Star Capital with other investors including Kraken Ventures, Layer Zero, and people affiliated with MoonPay and Stripe.

BoomFi allows businesses to accept a wide range of crypto tokens as payment. And the startup has a lofty goal. 

By 2028, it wants to enable a million businesses and merchants to accept digital currencies, according to a statement.

Other notable fundraises

  • Connext, a modular interoperability protocol for chains and layer 2s, took in $7.5 million at a $250m valuation.
  • ResearchHub, a tokenized social network focused on scientific discovery, raised $5 million. The platform allows anyone to earn crypto if they contribute new information to the science. It was co-founded by Coinbase CEO Brian Armstrong.
  • Data and analytics platform Mnemonic locked down a $6 million seed extension. Salesforce was the head investor but joined up with Polygon Ventures, Orange DAO and others.
  • received $5 million from Blockchange Ventures and Peter Thiel to integrate blockchain tech into the collectibles market.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

MON - WED, MARCH 18 - 20, 2024

Digital Asset Summit (DAS) is returning March 2024. What you can expect: And more! Don’t miss out on the opportunity to be in the room when the future of crypto is decided. Join us and help shape the future of our […]

recent research

Research report - cover graphics-2.jpg


Base has doubled-down on its commitment to the Superchain vision, has shown early signs of success with nearly $400M in TVL, and has become home to novel dapps such as which has seen significant traction.


Certain creditors could be repaid sooner, with one hedge fund exec telling Blockworks it expects a payout by the end of the year


Busan is South Korea’s second largest city with a population around 3.4 million


Cyprus granted eToro crypto registration, setting the groundwork for the company to operate crypto services post-MiCa rollout



These are the best tools and practices you can leverage to defend against crypto market volatility


The agency alleges around 1,160 customers used the margin product, losing about $8.35 million since Oct. 2021.


On Thursday, the Securities and Futures Commission issued a statement disavowing any communication with JPEX saying that the platform is unlicensed