Key Takeaways
- • Tenstorrent's $1.5 billion Series E accounted for approximately 85.1% of the $1.7626 billion in crypto venture capital funding announced across eight disclosed financings from October 17–23, 2026, according to The Cryptonomist.
- • Trace Capital and Innovation X led Tenstorrent's round, which set a $6.2 billion post-money valuation; Tether Investments, ARK Invest, Morgan Stanley, Sandisk, T. Rowe Price and Fidelity also participated.
- • Whop raised $200 million in a Series D led by Sequoia and Shopify Ventures on October 21, valuing the commerce platform at $5.1 billion.
- • Smaller deals included Mural's $15 million Series A led by Tether, Dataline's $10.6 million seed round, and Peso's pre-seed round led by Tether.
Summary
According to The Cryptonomist, one AI computing deal dominated crypto-linked venture funding for the week of October 17–23, 2026. Tenstorrent's $1.5 billion Series E accounted for approximately 85.1% of the $1.7626 billion total announced across eight disclosed financings. The tally covers financing announcements, including transactions completed before the reporting period, and excludes valuations, cumulative fundraising figures and previously announced offerings. Data was drawn from Crypto Fundraising, DeFiLlama and DropsTab, with checks against company announcements and investor disclosures.
Tenstorrent completed its equity financing on October 19, with Trace Capital and Innovation X leading the round at a $6.2 billion post-money valuation. Tether Investments participated alongside ARK Invest, Morgan Stanley, Sandisk, T. Rowe Price and Fidelity Management & Research Company, and Tether confirmed its participation on October 20. The company said proceeds will fund deployment of Galaxy servers at scale and development of AI and CPU designs licensed to chipmakers. It operates in Santa Clara and Austin.
Whop's October 21 Series D brought in $200 million, led by Sequoia and Shopify Ventures. The company placed its valuation at $5.1 billion and said the capital will fund international expansion and research and development in payments and advertising. The platform supports sales of digital products, subscriptions and online services, with stablecoin payment capabilities linking its commerce operations to crypto infrastructure. The article notes that Tether's separate February strategic investment of $200 million, which valued Whop at $1.6 billion, falls outside this reporting period.
Smaller transactions included Mural's $15 million Series A, led by Tether with North Island Ventures and existing investors, bringing cumulative funding to $28 million. The New York company provides accounts, payments, identity verification and compliance tools, and reported processing $2.1 billion across 128 countries. Robinhood Ventures Fund I also disclosed a preferred-stock purchase in Erebor, a US business bank, though that transaction closed on September 17 and Erebor's deposits, exceeding $7 billion, were excluded from the funding total. Dataline raised $10.6 million in seed funding co-led by Lattice and Dispersion Capital, and Tether led Bolivian fintech Peso's pre-seed round to expand Latin American USDT payment infrastructure.
Tenstorrent completed its equity financing on October 19, with Trace Capital and Innovation X leading the round at a $6.2 billion post-money valuation. Tether Investments participated alongside ARK Invest, Morgan Stanley, Sandisk, T. Rowe Price and Fidelity Management & Research Company, and Tether confirmed its participation on October 20. The company said proceeds will fund deployment of Galaxy servers at scale and development of AI and CPU designs licensed to chipmakers. It operates in Santa Clara and Austin.
Whop's October 21 Series D brought in $200 million, led by Sequoia and Shopify Ventures. The company placed its valuation at $5.1 billion and said the capital will fund international expansion and research and development in payments and advertising. The platform supports sales of digital products, subscriptions and online services, with stablecoin payment capabilities linking its commerce operations to crypto infrastructure. The article notes that Tether's separate February strategic investment of $200 million, which valued Whop at $1.6 billion, falls outside this reporting period.
Smaller transactions included Mural's $15 million Series A, led by Tether with North Island Ventures and existing investors, bringing cumulative funding to $28 million. The New York company provides accounts, payments, identity verification and compliance tools, and reported processing $2.1 billion across 128 countries. Robinhood Ventures Fund I also disclosed a preferred-stock purchase in Erebor, a US business bank, though that transaction closed on September 17 and Erebor's deposits, exceeding $7 billion, were excluded from the funding total. Dataline raised $10.6 million in seed funding co-led by Lattice and Dispersion Capital, and Tether led Bolivian fintech Peso's pre-seed round to expand Latin American USDT payment infrastructure.
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