An encryption startup raised $76 million in funding during the first week of the second quarter, and nearly $500 million in total funding by 2026

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Gate News message: On April 11, DefiLlama data showed that crypto startups raised a total of $76 million in their first week of the second quarter of 2026. As of today, their cumulative funding since 2026 has already nearly reached $500 million. The main funding projects this week are as follows:

Pharos completed a $44 million Series A round, with investors including SNZ Holding, Chainlink, and Flow Traders. The project builds a high-performance Layer 1 blockchain, is compatible with Ethereum applications, and focuses on RWA and decentralized infrastructure networks.

Oh completed a $7.5 million Series A round, led by Maven 11, with participation from L1 Digital, Hashed, Auros Global, and Maelstrom. The project builds a Web3 AI platform, providing decentralized AI service tools such as OhChat.

Kulipa completed a $6.2 million seed round, led by Flourish Ventures and 1kx, with participation from White Star Capital and Fabric Ventures. The project provides brand payment cards for crypto wallets, enabling conversion of digital assets into traditional currency at checkout.

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