Crypto VC funding: Jeeves raises $110m, World sells $49m

Crypto financing announcements from Sep. 26 through Oct. 2 included $178.6 million across four disclosed transactions, led by Jeeves' $110 million equity round.

Summary

• $178.6 million was disclosed across four transactions, with two additional investments carrying undisclosed amounts.
• Jeeves raised $110 million in an equity round led by CoinFund.
• World Assets disclosed $49 million in WLD sales carrying a one-year lockup.
• Solana Company priced a $15 million registered direct offering with accompanying warrants.
• Jeeves and Walapay accounted for $114.6 million in disclosed funding for business payments platforms.

World Assets disclosed $49 million in private token sales, while Solana Company priced a $15 million share offering and Walapay raised $4.6 million. The disclosed subtotal includes token financing and a public company offering, alongside private equity funding. Raven and Grass also announced investments without disclosing the amounts.

Jeeves raises $110 million for stablecoin business payments

Jeeves announced its $110 million equity financing on Sep. 29, with CoinFund leading the round.

Investors included AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute and Y Combinator.

The Miami-based company provides corporate cards, accounts payable, treasury payments and spending tools for businesses operating across several countries. Jeeves said its annualized card and payments volume exceeded $5 billion, including $1.5 billion settled through stablecoins.

According to the company, stablecoin activity reached that level within eight months, while revenue increased fourfold over 14 months. More than 80% of customers use several of its products.

Alongside the funding, Jeeves introduced a stablecoin wallet with payouts to 190 countries, an AI spending tracker and an accounts receivable module.

The company is expanding its stablecoin card offering from 25 to 35 countries and opening a Madrid office. New markets include Argentina, Costa Rica, Guatemala, Panama, Peru, Paraguay and Uruguay.

CoinFund managing partner David Pakman cited Jeeves' existing business customers across Latin America, the United States and Europe as a reason for backing the round.

World Assets discloses $49 million in locked WLD sales

World Assets completed $49 million in over-the-counter WLD sales over the preceding month, according to a Sep. 28 report citing the project's official announcement.

The transactions carried a one-year lockup. Some token deliveries had settled when the announcement was made, with the remaining transfers and settlements scheduled for that week.

The financing involved private token sales rather than an equity investment in Tools for Humanity or a conventional venture round.

CryptoRank recorded the transaction under World's funding history. The $49 million therefore represents the disclosed value of the token sales, rather than a valuation of the project or its operating companies.

The announcement covered several sales across a month, so the full amount should be read as financing disclosed during the reporting window rather than money raised entirely within seven days.

Solana Company prices $15 million share offering

Solana Company announced a registered direct offering on Sep. 30 with approximately $15 million in expected gross proceeds.

The Nasdaq-listed company agreed to sell 4,369,356 Class A shares at $3.433 each to one institutional investor. The shares came with warrants covering an equal number of additional shares at an exercise price of $3.776.

Solana Company said the share price stood at a 5% premium to net asset value per share, while the warrant exercise price represented a 10% premium.

The Philadelphia-based company planned to use the proceeds for its SOL-per-share strategy, including potential share repurchases and further Solana purchases, alongside working capital and business expansion.

Clear Street served as the exclusive placement agent. Closing was expected around Oct. 1, subject to customary conditions.

The company reported holding 2.3 million SOL and $2.3 million in cash and stablecoins as of Sep. 24. The offering is public company financing rather than venture capital.

Funding under $10 million

• Walapay raised $4.6 million in seed funding, citybiz reported on Oct. 1. Generative Ventures led the round, joined by Commerce Ventures, Polygon, Verda Ventures, NGC Ventures, FGV Capital, AAF, Jsquare, Knollwood and Big Brain Holdings, among others. Founded by brothers Tom and Dimitri Borgers, Walapay combines multicurrency accounts, foreign exchange, collections and global payouts through one API. The company reported coverage across more than 180 countries and 60 currencies, with $2.5 billion in annualized payment volume. It plans to expand its licenses, banking partnerships and team, with local payment connections across Latin America, Africa and Asia.

Undisclosed investments back trading and AI infrastructure

• Raven secured strategic backing from Coinbase Ventures and CMCC Global at a $90 million pre-money valuation, Casino.org reported on Sep. 29. The investment amount was undisclosed. Raven supplies liquidity for prediction markets, digital assets, and token projects across centralized and decentralized venues. CMCC co-founder Charlie Morris is joining its board. The reported valuation follows a $2.7 million seed round in 2024 that valued the firm at $25 million.
• Grass received an undisclosed investment from Multicoin Capital's hedge fund and venture fund, the investor announced on Sep. 29. Grass uses contributors' spare internet bandwidth to gather public web data for AI customers. Multicoin cited reported revenue of $17 million in 2025 and another $17 million during the first half of 2026. The investor said Grass was developing live information retrieval tools, including a proposed Contents API, Search API, and web index.