NewsCryptoCrypto VC Funding: Jeeves Raises $110 Million, World Assets Discloses $49 Million in Token Sales

Crypto VC Funding: Jeeves Raises $110 Million, World Assets Discloses $49 Million in Token Sales

Author: CryptoNewsNet·

Key Takeaways

  • •Jeeves raised $110 million in a CoinFund-led equity round, bringing in backers such as AllianceBernstein and Andreessen Horowitz, as it reported more than $5 billion in annualized volume with $1.5 billion settled in stablecoins.
  • •World Assets disclosed $49 million in over-the-counter $WLD token sales carrying one-year lockups, a figure reflecting token financing rather than a project valuation.
  • •Solana Company priced a registered direct offering of about $15 million at a premium to net asset value, directing proceeds toward its $SOL-per-share strategy including potential buybacks and further Solana purchases.
  • •Walapay secured $4.6 million in seed funding led by Generative Ventures to expand its cross-border payments API, which covers more than 180 countries and 60 currencies with $2.5 billion in annualized volume.
  • •Raven and Grass announced investments without disclosed amounts, with Raven securing backing from Coinbase Ventures and CMCC Global at a $90 million pre-money valuation, more than triple its 2024 figure.
Crypto VC Funding: Jeeves Raises $110 Million, World Assets Discloses $49 Million in Token Sales

Crypto financing announcements from Sept. 26 through Oct. 2 totaled $178.6 million across four disclosed transactions, led by Jeeves' $110 million equity round. World Assets disclosed $49 million in private token sales, Solana Company priced a $15 million share offering, and payments startup Walapay raised $4.6 million in seed funding. The disclosed subtotal spans private equity, token financing, and a public company offering, with the Jeeves and World Assets transactions together accounting for roughly 89% of it. Two further firms, Raven and Grass, announced investments without revealing the amounts, leaving the week's actual total above the disclosed figure.

Jeeves Raises $110 Million for Stablecoin Business Payments

Jeeves announced its $110 million equity financing on Sept. 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 roster combines crypto-focused backers such as Coinbase Ventures, ParaFi, and Wintermute with institutional investors including AllianceBernstein and GIC.

The Miami-based company provides corporate cards, accounts payable, treasury payments, and spending tools for businesses operating across multiple countries. Jeeves said its annualized card and payments volume has exceeded $5 billion, including $1.5 billion settled through stablecoins, meaning stablecoins account for roughly 30% of the reported total. 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, with new markets including 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 Sept. 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. Because the announcement covered several sales spread across a month, 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 Sept. 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, 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 plans 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, and 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 Sept. 24. The offering is public company financing rather than venture capital.

Walapay Raises $4.6 Million in Seed Funding

Walapay raised $4.6 million in seed funding, citybiz reported on Oct. 1. Generative Ventures led the round, joined by Commerce, 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. Its Latin America plans overlap with the regional expansion Jeeves detailed in the same reporting week.

Undisclosed Investments Back Trading and AI Infrastructure

Because neither deal's amount was disclosed, neither adds to the week's $178.6 million disclosed subtotal, though both announcements included sizing references. Raven secured strategic backing from Coinbase Ventures and CMCC Global at a $90 million pre-money valuation, Casino.org reported on Sept. 29, though the investment amount was not disclosed. 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, making the new pre-money figure more than triple the prior one.

Grass received an undisclosed investment from Multicoin Capital's hedge fund and venture fund, the investor announced on Sept. 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, and said Grass is developing live information retrieval tools, including a proposed Contents, Search API, and web index.