Crypto VC Funding: Figure raises $787.5m in IPO, Rapyd bags $500m

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The week of September 7-13 was a milestone period with $1.213 billion in crypto funding across 10 projects, including VC rounds and initial public offerings.

Summary

Crypto funding totaled $1.21b with IPOs leading the week’s major capital inflows
Figure’s $787.5m IPO marked one of the largest public offerings in crypto history
Gemini raised $425m IPO while Rapyd secured $500n in Series F for fintech growth

Here’s a comprehensive overview of this week’s crypto funding activity as per Crypto Fundraising data:

Figure

Figure raised $787.5 million through IPO
The project offers loan origination and equity management
Figure has bagged $2.51 billion so far

Rapyd

Rapyd secured $500 million in a Series F round
The project is a global fintech platform that offers payment infrastructure
The investment was backed by Xpring, Target Global, and BlackRock

Gemini

Raised $425 million through IPO
Gemini is a US-based cryptocurrency exchange and custodian bank
The exchange has raised $825 million so far

Inversion Capital

Inversion Capital gathered $26.5 million in a Seed round
The project is a private equity firm that focuses on traditional companies
Investors include Dragonfly, VanEck, and Lightspeed Faction

1/ We’re excited to announce Inversion’s seed round, led by @dragonfly_xyz with support from some of the best minds in crypto.

Thank you @HadickM, @hosseeb, and @TheOneandOmsy for believing in our mission. pic.twitter.com/Q5Jmfn0Sry

— Inversion (@inversion_cap) September 8, 2025

Projects < $3 Million

Intuition, $2.13 million in a public sale with $85 million fully diluted valuation
Everlyn, $2 million in a public sale with a $100 million fully diluted valuation
PlayAI, $2 million in a Public sale
Gyld Finance, $1.5 million in a Pre-seed round
Recoveris, $1.26 million in a Seed round