Jupiter Acquires 2 Companies and Launches a $10M AI Fund

By Jake Koch-Gallup

Happy Monday and welcome to our latest edition of Crypto Venture Weekly! This week we’ve got 25+ deals raising $141 million, 6 acquisitions, and 2 brand-new funds with $20 million at the ready.

Key Highlights:

• Notable Deals: SOON ($22M), SignalPlus ($11M), Corn ($8.3M), Radius ($7M), Wingbits ($5.6M), Keplr ($5M), Printr ($2.5M), and Ranger ($1.9M).
• M&A Activity: Jupiter acquired Moonshot and acquired SonarWatch, Agora acquired Boardroom, Circle acquired Hashnote, and more.
• New Funds: MAGIC FUND ($10M) and AgileGTM Blockchain Fund ($10M).
• CT VC: Kyle Samani published The Solana Thesis: Internet Capital Markets, Bridget Harris predicted AI-driven yield optimization as DeFi's next big winner, and Jake Brukhman emphasized the need for "horizontal stacking" to scale blockchains.

Notable Deals

25+ projects collectively raised ~$141 million last week. Here are eight that stood out:

SOON

• The Pitch: A high-performance SVM Optimistic Rollup?
• Round: $22 million Public Token Sale
• Investors: SNZ Holding, Hypersphere Ventures, Hack VC, MH Ventures, ArkStream Capital, IDG Capital, Anagram, and more

SignalPlus

• The Pitch: An Asia-based crypto derivatives trading software service provider
• Round: $11 million Series B
• Investors: Led by OKX Ventures and AppWorks Ventures, with participation from Hashkey Capital and Avenir Group

Corn

• The Pitch: A Bitcoin-centric yield-generating network built on Arbitrum
• Round: $8.3 million Public Token Sale
• Investors: Polychain Capital, GSR, Hypersphere Ventures, Amber Group, Tribe Capital, Presto Labs, Laser Digital, Offchain Labs, and more

Radius

• The Pitch: Building Lighthouse, a decentralized network that connects rollups with searchers to capture MEV opportunities
• Round: $7 million Seed
• Investors: Led by Pantera Capital

Wingbits

• The Pitch: An aviation DePIN network that offers rewards-based flight tracking
• Round: $5.6 million Strategic
• Investors: Led by Borderless Capital and Bullish with participation from Spartan Group, SNZ Holding, Tribe Capital, Antler, Heartcore Capital, and more

Keplr

• The Pitch: A non-custodial interchain crypto wallet with 2 million monthly active users
• Round: $5 million Seed at a $50 million valuation
• Investors: Led by 1confirmation with participation from Coinbase Ventures, Hashkey Capital, Interchain Foundation, Anagram, Chorus One, and more

Printr

• The Pitch: A chain-abstracted token marketplace for launching memecoins
• Round: $2.5 million Pre-Seed
• Investors: Sfermion, Bitscale Capital, Draper Dragon, Sui Foundation, Axelar, Flow, and more

Ranger

• The Pitch: Solana-based crypto derivatives exchange
• Round: $1.9 million funding at a $30 million valuation
• Investors: Led by RockawayX with participation from Big Brain Holdings, Zee Prime Capital, Anagram, Selini Capital, Presto Labs, Flow Traders, and more

M&A Activity

• Jupiter acquired a majority stake in Moonshot (memecoin platform) to expand memecoin offerings and acquired SonarWatch (portfolio tracker) to add tracking to its DEX.
• Agora acquired Boardroom (a DAO tooling platform) to scale Ethereum governance infrastructure.
• UTXO Management, with Sora Ventures and others, acquired a majority share in HK Asia Holdings Limited for $4.33 million to lead the company’s rebrand to Moon Inc. and explore Web3 opportunities.
• Circle acquired Hashnote (issuer of the largest tokenized treasury and money market fund) to fully integrate USYC with USDC.
• Tokenize Xchange acquired Coinseeker.co for $30 million to incorporate Coinseeker's AI-powered analytics, ratings, and other insights into its operations.

Funds

MAGIC FUND – $10M

Eliza Labs (founded by the ai16z team) and Jupiter announced a $10 million fund dedicated to open-source AI development in Web3. Shaw, founder of ai16z and Eliza Labs, says: “We are accelerating ambitious founders building gud tek. If you are building something that will lead to a brighter future for all of us to live in, reach out!”

AgileGTM Blockchain Fund – $10M

AgileGTM, a pan-European VC focusing on Pre-Seed B2B blockchain startups, closed $2 million of its $10 million fund. The plan:

• Invest in 3-6 companies initially (from a pool of 500+ candidates)
• Target companies in the B2B blockchain space that have already raised angel capital
• Aim for 40-50 pre-seed investments total

VC CT: What the VCs are saying on Crypto Twitter

• Kyle Samani (Multicoin Capital) unveiled The Solana Thesis: Internet Capital Markets report, arguing Solana is positioned to outpace traditional finance with lower fees and higher efficiency.
• Bridget Harris (Founders Fund) predicts the next major DeFi winner will automatically move user capital across protocols for optimal, safe yields with AI finding the best opportunities.
• Jake Brukhman (CoinFund) argues blockchains can’t handle infinite TPS alone; we need “horizontal stacking” across L2s, L3s, and app chains and “parallelized” networks to unlock mainstream adoption.

Quick Recap

• Total Deals: 25+
• Total Raised: ~$141M
• Acquisitions: 6

• New Funds: MAGIC FUND ($10M) and AgileGTM Blockchain Fund ($10M)

That’s a wrap for this week. Keep an eye out for the next Venture Weekly—crypto never sleeps, and neither do the deals.

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