Crypto VC Funding: Alpaca And LMAX Group Each Raise $150 Million

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.

Here’s a comprehensive breakdown of this week’s crypto funding activity as per Cryptofundraising data.

Alpaca

• Raised $150 million in a Series D round
• Fully diluted valuation of $1.15 billion
• Backed by DRIVE, Haun Ventures, and Opera
• Alpaca is an API platform that offers trading for stocks, options, and cryptocurrencies
• The project has raised $288.8 million so far

LMAX Group

• LMAX Group Secured $150 million in an unknown round
• Investment was backed by Ripple

ICEx

• Raised $70 million in an unknown round
• ICEx is an Indonesia-based crypto exchange

Upexi

• Upexi gathered $36 million in an unknown round
• Backed by HiveMind
• Upexi has raised $136 million so far

Project Eleven

• Raised $20 million in a Series A round
• Fully diluted valuation of $120 million
• Investors include Castle Island Ventures, Coinbase Ventures, and Lattice
• Project Eleven is a Bitcoin infrastructure and security platform

VelaFi

• Secured $20 million in a Series B round
• Categories include Finance/Banking, Infrastructure, Payment, and Stablecoin
• Backed by XVC, Ikkuyo, and Annox
• Gained +2 new investors
• Stablecoin payment infrastructure

Projects under $15 million funding

• Konnex, $15 million in a strategic round
• XMAQUINA, $10 million in an unknown round
• Veera, $10 million in a seed round
• TBook, $10 million in an unknown round
• Noise, $7.10 million in a seed round
• Meld, $7 million in an unknown round
• Neuramint, $5 million in a seed round
• TROVE, $2.50 million in a public sale
• Saturn Labs (USDsat), $800,000 in an angel round