Spiko, Nous Research Tie for Lead in $380.51 Million Funding Week

Sixteen disclosed crypto and Web3 financings totaled $380.51 million during the Oct. 3-9 period, led by matching $90 million raises from Spiko and Nous Research as tokenized cash funds and open-source artificial intelligence drew the largest checks.

The compiled tally covers venture rounds, token transactions and artificial-intelligence companies tracked in crypto funding activity. Two additional transactions disclosed no amounts, so the total does not capture all funding activity during the period.

Spiko announced a $90 million Series B on Oct. 6 led by New Enterprise Associates, bringing its total funding to $120 million. The company offers regulated cash funds in tokenized form and said its funds held $2.7 billion in assets for more than 10,000 businesses and individuals across more than 25 countries.

Spiko plans to launch additional products, enter new markets and expand its team. Its stated expansion targets include Germany, Italy, Spain, the Netherlands and the Nordic countries.

Nous Research announced $90 million in October from investors including NVIDIA, Microsoft’s M12, Samsung, Robot Ventures, Union Square Ventures, Y Combinator and Menlo Ventures. The company plans to use the funding to develop Hermes for Businesses, a product built around its open-source AI models and Hermes Agent.

“Nous Research raised $90 million to create AI that serves the people,” CEO Dillon Rolnick said. “We’re building for everyone to own their intelligence, and we’re doing it in the open.”

The financing follows Nous Research’s earlier announcement on its Hermes Agent business expansion.

Mecka announced a $60 million Series B on Oct. 7, led by Sequoia Capital, with NVIDIA, M12, Qualcomm Ventures and Samsung among the new investors.

Bitcoin (BTC)-denominated life insurer Meanwhile announced $37.5 million from existing investors on Oct. 8, led by Bain Capital Crypto. The financing lifted Meanwhile’s total funding above $180 million, and the company said it had signed 15 brokers serving wealthy families in Singapore, Hong Kong, the United Arab Emirates and Switzerland.

Spiko, Nous Research and Mecka accounted for $240 million, or about 63% of the compiled weekly total. Other disclosed transactions ranged from $30 million for Catalyst to $1 million for Anyflo, with additional raises including $19 million for Navra, $16 million for Noah and $13 million for Vest Labs.