---
title: "Stripe buys Bridge, Bluesky bags $15m"
url: https://diffcoin.com/stripe-buys-bridge-bluesky-bags-15m/
description: "Bridge is in the startup spotlight this week after agreeing to a $1.1 billion deal with Stripe; Bluesky, Party Icons, STOKR, Karpatkey, Azura, Shuttle Labs and Hata raised venture capital"
published: 2024-10-26
updated: 2024-10-26
author: "Mila"
site: "Diffcoin"
---

# Stripe buys Bridge, Bluesky bags $15m

Bridge, a stablecoin startup founded not even three years ago, announced a deal this week that would cause most crypto entrepreneurs to salivate.

Stripe, the San Francisco-based payment processing company, agreed to buy Bridge for $1.1 billion.

The transaction likely has crypto entrepreneurs wondering when their own ventures will be ripe enough to attract a big-name buyer. Until then, early-stage companies will have to continue courting venture capitalists to extend their runways.

Here are the latest startups doing just that, according to data from Crypto Fundraising collected between Oct. 20 and Oct. 26:

### Bluesky, $15 million

- Bluesky completed a Series A funding round.
- The decentralized social media platform raised $15 million from lead investors like Blockchain Capital.

> Bluesky raises $15M Series A investment
> 
> Decentralized social media project Bluesky has raised $15 million in Series A investment led by Blockchain Capital. According to Decrypt, SevenX, True Ventures, and Alumni Ventures also participated in this round. Bluesky also announced…
> 
> — CoinNess Global (@CoinnessGL) [October 24, 2024](https://twitter.com/CoinnessGL/status/1849563243494162560?ref_src=twsrc%5Etfw)

### Variational, $10.3 million

- Variational is a peer-to-peer trading protocol that is created for perpetual and generalized derivatives.
- The firm has raised $10.3 million in a seed round led by investors like Bain Capital Crypto and Peak XV Partners.

### Validation Cloud, $10 million

- Validation Cloud is a web3 infrastructure platform that focuses on scalable and compliant infrastructure for enterprises.
- The firm raised $10 million from True Global Ventures.
- Validation Cloud has raised a total of $15.8 million so far.

### Crypto VC funding rounds < $10 million

- Web3 mobile gaming platform Party Icons raised **$9 million**.
- Digital investment marketplace STOKR raised **$7.98 million** from Fulgur Ventures.
- Karpatkey, which provides DAO Treasury services, raised **$7 million**.
- Full-stack decentralized platform Azura raised **$6.9 million** in a seed round.
- Non-custodial crypto trading platform Shuttle Labs raised **$6 million** from CMCC Global.
- Crypto exchange Hata raised **$4.2 million** in a seed round led by Castle Island Ventures and Nic Carter.
- Hana Network raised **$4 million** from investors like Binance Labs, Sushi, Orange DAO, etc.
- Decentralized borrowing platform Fluid Protocol raises **$3.9 million** in a seed round.
- Moonwalk Fitness has raised **$3.4 million** from lead investors like Hack VC.
- Borderless has raised **$3.3 million** in a pre-seed round led by Amity Ventures.
- Opti Games Studio raised **$2 million** with L1 Digital as the lead investor.
- NFT marketplace Ordzaar raised **$2 million** from lead investors like LongHash Ventures.
- Decentralized infrastructure platform Craftt raised **$2 million** in a seed round.
- Decentralized exchange BulbaSwap raised **$1.3 million** from lead investors like Foresight Ventures.
- Skyfire raised **$1 million** from Coinbase Ventures and a16z crypto.

Check out our last week’s column from here.

[Source link](https://crypto.news/crypto-vc-funding-stripe-bridge-bluesky-15-million/)