135M

The crypto funding sector saw major activity from May 18-24, with total investments reaching $307.5 million, led by World’s $135 million raise.

This week’s funding mainly focused on Finance and banking-focused ventures and payment and financial services sectors. Here’s an overview of the week’s crypto funding activity as per Crypto Fundraising data:

World Foundation

Raised $135 million from a16z crypto, Bain Capital Crypto, and Selini
World (WLD) has raised $375 million so far
According to the announcement on May 21, the funds will be used to expand its iris-based identity network, World ID.

World Foundation raised $135M from @a16z and @BainCapCrypto to accelerate scaling the real human network.
Funding was through a recent direct purchase of liquid, market-priced $WLD.
— World (@worldcoin) May 21, 2025

Slash

Slash scored $41 million in a Series B round
The project has a fully diluted valuation of $370 million
Goodwater backed the investment
Slash has raised $60 million so far

We just raised $41M at a $370M valuation to kill the one-size-fits-all business bank.
Slash is rebuilding banking, one industry at a time — tailor-made for affiliates, crypto companies, contractors, and more.
We’re just getting started. pic.twitter.com/MLbIbQcewx
— Slash (@slashapp) May 20, 2025

Catena Labs

Catena Labs secured $18 million in a Seed round
The investment was backed by a16z crypto, Breyer Capital, and Z Ventures
Gained +1 new investor

Roxom

Gathered $17.9 million in an Unknown round
Investors include Draper Associates, Borderless, and Kingsway Capital
Roxom has raised $22.2 million so far

BIG NEWS from @roxom & @roxomtv 🚨
Roxom Global has raised $17.9M to build the world’s first Bitcoin Capital Market — and launch the first 24/7 media network backed by a 100% BTC treasury.
A major step toward a more transparent, decentralized, and Bitcoin-native future.
Huge… pic.twitter.com/9hSlsgcoCN
— Roxom (@roxom) May 22, 2025

TrueX

A team of Coinbase alumni collected $11 million to debut True Markets, a stablecoin-native DeFi app offering real-time execution and self-custody on Solana.
The investment was backed by Accomplice, Framework Ventures, and Reciprocal Ventures
TrueX has raised $20 million so far

Projects < $6 million

Hyperdrive: Raised $6 million in a Series A funding
Acurast bagged $5.4 million Public sale with $90 million fully diluted valuation
VOYA Games (Craft World) raised $5 million in an unknown round
Rover raised $4.1 million Seed investment
Stablecorp (QCAD) raised $1.8 million in an unknown round
Fermi Labs bagged $1.2 million in a pre-seed round

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Worldcoin has jumped 10% in the last day, riding the wave of a major $135 million raise by the World Foundation.

According to World Foundation’s official fundraising announcement on May 21, the funds will be used to expand its iris-based identity network, World ID. Leading the raise were Andreessen Horowitz and Bain Capital Crypto, who purchased Worldcoin (WLD) tokens at market value, increasing the supply of tokens in circulation.

With more than 26 million users and 12.5 million Orb-verified IDs in oved 160 countries, this institutional support lends more credibility to the project. The market has responded positively to the news.

Trading volume is up 87% to over $508 million, while derivatives volume has exploded by 112% to $879 million. Open interest is also up 23%, now sitting at $280 million, as per Coinglass data. After months of decline, this steep increase points to a change in trader sentiment as capital moves back into WLD. However, the token is still 89% below its peak of $11.74 in March 2024.

On the technical side, Worldcoin’s price action is displaying signs of strength. After recovering from support around $1.00, it has climbed back to $1.24. The move is accompanied by strong momentum and rising volume, indicating that bulls might be regaining control. The price is trading above the short- and mid-term moving averages, which are currently trending upward, often a bullish sign.

Worldcoin price analysis. Credit: crypto.news

The relative strength index is slightly above 60, indicating that there is still potential for growth without reaching an overbought level. The expanding Bollinger Bands suggest a possible breakout move. If bulls can break through the crucial resistance level, which is around $1.30, the next major barrier is near $1.38.

On-chain fundamentals continue to be a risk as well as a strength. More WLD is now in circulation as a result of the recent token sale, which could put short-term pressure on the price. But the fact that this was not a VC dump, but rather a sale to two long-time backers at market price, changes the narrative.

Furthermore, if Worldcoin can use the new funding to successfully scale its World ID infrastructure, especially in jurisdictions like the U.S., where digital identity regulation is tightening, it could carve out a unique niche at the intersection of AI, privacy, and identity.

If the current momentum holds, WLD might move in the $1.37–$1.50 range. A breakout above that area could result in a more pronounced rally as shorts are squeezed. However, if buyers lose interest and the token falls below $1.20, a retrace to $1.10 or even $0.95 is still possible.