---
title: "VLayer touts $10M pre-seed raise"
url: https://diffcoin.com/vlayer-touts-10m-pre-seed-raise/
description: "This week, decentralized data infrastructure platform VLayer stole the show with its $10 million crypto fund raise."
published: 2024-11-09
updated: 2024-11-09
author: "Mila"
site: "Diffcoin"
---

# VLayer touts $10M pre-seed raise

Total crypto venture capital (VC) funding investments exceeded $40 million last week, with decentralized data infrastructure platform VLayer securing $10 million.

That’s a large drop in volume and value compared to the previous week.

Crypto.news perused the latest data to determine which startups managed to raise the most venture capital.

### VLayer, $10 million

- Secured $10 million in a pre-seed round led by CSX and Credo.
- VLayer is building a decentralized data infrastructure with zero-knowledge proofs.
- The project enables verifiable on-chain integration of both on-chain and off-chain data.

### Cytonic, $8.30 million

- The firm raised $8.30 million in a seed round led by Lattice and Lemniscap.
- Additional backing was received from IOBC Capital, Nomura, and Lyrik Ventures.
- Cytonic is developing a Layer 1 blockchain for universal Web3 compatibility.

### Pharos, $8 million

- Secured $8 million in seed funding from notable investors.
- Key backers include Hack VC, Lightspeed Faction, and SNZ.
- The project is building a deep-parallel, Layer-1 blockchain network.

> GM Sailors! ⚓️ 
> We’re beyond excited to share that we’ve successfully closed an $8M seed round! 🚀 With the support of [@hack_vc](https://twitter.com/hack_vc?ref_src=twsrc%5Etfw) and [@FactionVC](https://twitter.com/FactionVC?ref_src=twsrc%5Etfw), we’re set to drive Web3 mass adoption through a full-stack parallel Layer 1 protocol that fuses trustless innovations.
> 
> Our mission? To… [pic.twitter.com/f0hkcPYr9n](https://t.co/f0hkcPYr9n)
> 
> — Pharos (@pharos_network) [November 8, 2024](https://twitter.com/pharos_network/status/1854948443418247582?ref_src=twsrc%5Etfw)

### Pond, $7.5 million

- Raised $7.5 million in a seed round led by Archetype.
- The project is backed by Cyber Fund, Coinbase Ventures, and NEAR Foundation.
- Pond is pioneering AI model development in crypto space.

### GameBeast Studio, $2 million

- The web3 gaming platform secured $2 million in seed funding.
- GameBeast Studio is focusing on blockchain gaming development and innovation.
- The lead investors include Tideo Capital and T-Fund.

> Web3 gaming platform Gamebeast raises $2M in funding
> 
> Gamebeast Studio, developer of the Web3 gaming platform Gamebeast, announced on X that it has raised $2 million in seed funding. The round was led by Tido Capital and T-Fund, with participation from K300 Ventures, Notch…
> 
> — CoinNess Global (@CoinnessGL) [November 4, 2024](https://twitter.com/CoinnessGL/status/1853282597230850126?ref_src=twsrc%5Etfw)

### Rekt, $1.5 million

- Rekt — the parent company behind the Rektguy NFT project, Rekt Drinks and the Rekt Brand — raised $1.5 million in seed funding.

> We are delighted to announce our $1.5M seed round, funded completely by our community and angels.
> 
> After gifting equity to [@RektguyNFT](https://twitter.com/rektguyNFT?ref_src=twsrc%5Etfw) holders and selling out our first drop of 222k [@RektDrinks](https://twitter.com/rektdrinks?ref_src=twsrc%5Etfw), this funding marks a huge leap in our path to Rekt World Domination. [pic.twitter.com/KvrZxG78Wz](https://t.co/KvrZxG78Wz)
> 
> — Rekt Brands (@RektBrands) [November 6, 2024](https://twitter.com/RektBrands/status/1854169416541643144?ref_src=twsrc%5Etfw)

### **Usual Labs, $1.5 million**

- Usual Labs raised $1.5 million from investors like Echo, Comfy Capital, etc.
- The project is a startup that is building the USD0 stablecoin ecosystem.

### Notable crypto VC funding rounds under $1.5 million

- SkyX raised $1 million in pre-seed funding.
- Betski gathered $345,000 in pre-seed investment.
- Phi announced a strategic funding round with an amount TBD.

Take a look at last week’s column here.

[Source link](https://crypto.news/crypto-vc-funding-vlayer-touts-10m-pre-seed-raise/)