---
title: "Tabit, Rain, CoreSky raise capital"
url: https://diffcoin.com/tabit-rain-coresky-raise-capital/
description: "This past week, the crypto VC community focused their investment activity on financial infrastructure services."
published: 2025-03-29
updated: 2025-03-29
author: "Mila"
site: "Diffcoin"
---

# Tabit, Rain, CoreSky raise capital

This past week, there was an increased focus on venture capital investment in financial infrastructure services.

Tabit Insurance and Rain collectively raised over $64 million for specialized financial solutions.

According to Crypto Fundraising data, the total funding for the week exceeded $130 million. The data shows that more interest was shown in insurance, payments, and multi-ecosystem development across various blockchain networks.

### Tabit Insurance, $40 million

- Tabit Insurance raised $40 million in an unknown round
- The capitalization of the $40 million insurance facility in Bitcoin (BTC) is “an industry first,” with company auditors and regulators able to verify the financing in real time.

### Rain, $24.50 million

- Rain secured $24.50 million in an unknown round. The startup has raised a total of $30.5 million so far.
- Norwest Venture Partners, Galaxy Ventures, Goldcrest, Thayer, and Hard Yaka participated in the effort. Existing investors include Lightspeed Venture Partners, Coinbase Ventures, Vinyl Capital, Canonical Crypto, and Latitude Capital
- This investment will enable Rain to enhance interoperability with existing financial systems, broaden its global presence, and advance its stablecoin authorization and settlement infrastructure.

> Excited to announce $24.5M in new funding for Rain led by [@NorwestVP](https://twitter.com/NorwestVP?ref_src=twsrc%5Etfw) with participation from new investors [@Galaxyhq](https://twitter.com/galaxyhq?ref_src=twsrc%5Etfw), [@CompoSecure](https://twitter.com/CompoSecure?ref_src=twsrc%5Etfw), Goldcrest, Vinyl, [@BDMIFund](https://twitter.com/BDMIFund?ref_src=twsrc%5Etfw), [@LatitudeCapital](https://twitter.com/LatitudeCapital?ref_src=twsrc%5Etfw), Thayer and [@_hardyaka](https://twitter.com/_hardyaka?ref_src=twsrc%5Etfw), and existing investors [@lightspeedvp](https://twitter.com/lightspeedvp?ref_src=twsrc%5Etfw), [@cbventures](https://twitter.com/cbventures?ref_src=twsrc%5Etfw), and [@CanonicalCrypto](https://twitter.com/CanonicalCrypto?ref_src=twsrc%5Etfw).… [pic.twitter.com/q7QjkKAaXa](https://t.co/q7QjkKAaXa)
> 
> — Rain (@raincards) [March 24, 2025](https://twitter.com/raincards/status/1904146774454858047?ref_src=twsrc%5Etfw)

### CoreSky, $15 million

- CoreSky has raised $15 million in Series A funding
- The investment was backed by Tido Capital and other investors
- The project is creating meme launchpad on Ethereum (ETH)

### Abound, $14 million

- Raised $14 million in an unknown round
- Backed by NEAR Foundation, O Ventures, and Times Internet
- Abound is a cross-border remittance and rewards super app

### Chronicle Labs, $12 million

- Chronicle Labs raised $12 million in seed funding
- The investment was backed by Strobe, Brevan Howard, and V.
- The project is building oracle solutions on multiple chains

### Notable crypto VC funding rounds < $10 million

- Warlock Labs raised $8 million for DeFi security on Ethereum
- Fragmetric secured $5 million for Solana (SOL) staking
- Tarta Labs gathered $4.50 million for P2E gaming across multiple chains
- Arcium raised $4 million through public sale with $200 million FDV
- Capx AI secured $3.14 million for AI dApps on Ethereum
- Planetarium Labs raised $3 million for P2E gaming
- De Charge gathered $2.50 million for DePIN infrastructure
- Magpie Protocol secured $1.60 million with $45 million FDV
- Stable Jack and Particle Network each raised $1.25 million
- Arcium, Skate, and Beraborrow each secured $1 million
- KiloEx gathered $750,000 with $15 million FDV
- Wave Wallet raised $100,000 for Sui wallet development

[Source link](https://crypto.news/crypto-vc-funding-tabit-insurance-rain-coresky-capital/)