The week of January 11-17, 2026, recorded $513.4 million in crypto funding across 15 projects, with Alpaca and LMAX Group both securing $150 million each. This funding activity saw infrastructure, exchanges, and payments dominating the deals. Notable projects like Project Eleven, ICEx, and VelaFi highlighted continued investor interest in core crypto rails.
Major Funding Rounds
Alpaca Secures $150 Million Series D
Alpaca, an API platform offering trading for stocks, options, and cryptocurrencies, raised $150 million in a Series D round, bringing its total funding to $288.8 million. The round valued the company at a fully diluted valuation of $1.15 billion and was backed by investors including DRIVE, Haun Ventures, and Opera.
LMAX Group Receives $150 Million Investment
LMAX Group secured $150 million in an undisclosed funding round. The investment was backed by Ripple.
ICEx Raises $70 Million for Crypto Exchange
ICEx, an Indonesia-based crypto exchange, raised $70 million in an undisclosed funding round. This funding aims to bolster its operations within the Indonesian market.
Upexi Gathers $36 Million in Private Placement
Upexi gathered $36 million in an undisclosed funding round. The company has raised a total of $136 million so far and was backed by HiveMind.
Project Eleven Secures $20 Million Series A for Bitcoin Infrastructure
Project Eleven, a platform focused on Bitcoin infrastructure and security, raised $20 million in a Series A round. The funding, which valued the company at $120 million on a fully diluted basis, was led by Castle Island Ventures with participation from Coinbase Ventures and Lattice.
VelaFi Closes $20 Million Series B for Stablecoin Payment Infrastructure
VelaFi secured $20 million in a Series B round to enhance its stablecoin payment infrastructure. The company operates in categories including Finance/Banking, Infrastructure, Payment, and Stablecoin. Backers include XVC, Ikkuyo, and Annox, with VelaFi gaining two new investors.
Projects Under $15 Million Funding
Several other projects also secured funding this week:
- •Konnex raised $15 million in a strategic round.
- •XMAQUINA gathered $10 million in an undisclosed round.
- •Veera received $10 million in a seed round.
- •TBook obtained $10 million in an undisclosed round.
- •Noise garnered $7.10 million in a seed round.
- •Meld collected $7 million in an undisclosed round.
- •Neuramint secured $5 million in a seed round.
- •TROVE completed a public sale, raising $2.50 million.
- •Saturn Labs (USDsat) obtained $800,000 in an angel round.