Crypto VCs Are Apparently Still Writing Checks: A $70M Funding Smorgasbord Nobody Ordered

CryptoDep stirred up some excitement on April 13 with a roundup of recent fundraising activity, and the vibe is basically "we're funding everything now." The list touches infrastructure, AI, consumer fintech, social apps, prediction markets, exchanges, and DeFi, with disclosed rounds ranging from a cool million to a meaty $44 million Series A for Pharos. Turns out the crypto capital buffet is officially open.

The headliner is Pharos, which closed a $44 million Series A to build an asset-native Layer 1 chain focused on on-chain real-world assets across Asia and beyond. Total funding now sits at $52 million, which means someone out there is very confident that compliance rails and blockchain infrastructure can actually coexist in one stack. The RWA narrative lives on, and apparently it has a very healthy checking account.

Oh, the Web3 AI play, landed $7.5 million in a Series A led by Maven11 Capital, with backup from L1D, Auros Global, Hashed, Maelstrom Fund, and Cadenza Ventures. Earlier supporters like Cyber Fund, Kosmos VC, and Tangent also joined the party. The project is building a decentralized AI service platform including OhChat, which puts it right in the thick of the crypto-AI consumer overlap. Investors are apparently still willing to back AI-native crypto ideas when the product makes sense. Shocking, I know.

Over in the "let's make crypto feel normal" camp, GoSats raised $5 million