Two companies grabbed $90 million each last week. That’s not a typo — Spiko and Nous Research both closed identical Series B rounds within 24 hours of each other, anchoring a week that saw $380.51 million flow into crypto and Web3 deals across 16 disclosed transactions between October 3 and October 9.
Why It Matters
The substantial funding rounds for Spiko and Nous Research highlight a growing confidence in the crypto and Web3 sectors, signaling that venture capital interest remains robust despite market volatility. This influx of capital, particularly in a single week, underscores the potential for innovative financial solutions and technologies within the blockchain space, further driving competition and development among emerging firms in the industry. As investment flows into these areas, it may also influence regulatory discussions and the overall maturation of the crypto market.
Spiko’s London-Paris Play
Spiko moved first. On October 6, the London and Paris-based fintech closed its $90 million Series B led by New Enterprise Associates, with Index Ventures, Bpifrance, and Speedinvest also putting money in. The round pushed Spiko’s total funding to $120 million since founding. The company manages $2.7 billion in funds for more than 10,000 clients spread across 25-plus countries, and its platform basically lets users park cash through its app or through partner financial platforms. Pretty straightforward pitch — but the numbers are real. With the fresh capital, Spiko wants to build new products, push into Germany and Italy, and grow its headcount. No specific hiring targets were given.
It’s a big bet on European market expansion at a moment when cross-border financial services are getting messier, not simpler, for most operators.
Nous Research Hits $1.5 Billion Valuation
One day later, on October 7, Nous Research dropped its own $90 million Series B. The valuation landed at $1.5 billion. Nvidia, Microsoft’s M12 venture arm, and Samsung all participated — which is a pretty serious lineup for a company that builds open AI models and the Hermes Agent software. The money goes toward decentralized AI infrastructure and expanding its Hermes Business software. Unclear exactly what the product roadmap looks like beyond that, but the investor mix alone says a lot about where big tech sees the intersection of AI and decentralized infrastructure heading.
Nvidia writing checks into open AI model development isn’t surprising given the chip giant’s broader push to stay embedded across the AI stack. Samsung and Microsoft’s M12 being in the same round is a bit more unusual.
Mecka, Meanwhile, and Noah Round Out the Week
Mecka pulled in $60 million in its own Series B on October 7. Sequoia Capital led it, with Qualcomm Ventures and DoorDash founder Tony Xu joining as new investors. Mecka’s focus is human movement data — the kind of infrastructure needed to train commercial robots. It’s a niche that’s growing fast as robotics companies scramble for quality training data, and Sequoia backing it signals real conviction.
Meanwhile — the Bitcoin life insurer, not the transitional phrase — raised $37.5 million from existing investors, including Bain Capital Crypto, Pantera Capital, Haun Ventures, and Morgan Creek Digital. The Bermuda-based company is licensed by the Bermuda Monetary Authority and targets high-net-worth clients outside the U.S. Its core product is called BTC Life 1-Pay. The company keeps its balance sheet and reserves denominated in Bitcoin, which is a fairly distinctive approach in the insurance world. Its total funding has now crossed $180 million. Key markets for Meanwhile include Singapore, Hong Kong, and the United Arab Emirates.
And then there’s Noah. The company announced a $16 million extension to its seed round, bringing the cumulative seed total to $38 million. Smaller deal, but it fits a pattern — early-stage crypto ventures are still finding backers willing to write checks, even when the headline rounds are dominated by nine-figure numbers.
The week’s full tally was tracked by platforms including Crypto Fundraising, DropsTab, and DefiLlama, which pulled together venture rounds alongside token transactions to give a broader picture of where capital is actually moving in the industry. Token sales and purchases were included in the $380.51 million figure, so it’s worth keeping that in mind when comparing to pure equity-round weeks.
What’s probably most striking about this particular stretch isn’t just the size of the Spiko and Nous Research rounds — it’s the range. You’ve got a European cash-management fintech, an open-source AI model developer backed by chip and cloud giants, a robotics data company, a Bitcoin-native life insurer, and an early-stage seed extension all landing in the same seven-day window. The investor names running through these deals — Sequoia, Nvidia, NEA, Bain Capital Crypto, Microsoft’s M12, Samsung, Pantera — aren’t exactly fringe players taking flyers. Meanwhile’s BTC Life 1-Pay product remains one of the stranger-but-real financial products in the space right now.
Frequently Asked Questions
Who led Spiko’s $90 million Series B round?
New Enterprise Associates led Spiko’s Series B, with Index Ventures, Bpifrance, and Speedinvest also participating, bringing Spiko’s total funding to $120 million.
What is Nous Research’s valuation after its funding round?
Nous Research’s $90 million Series B valued the company at $1.5 billion, with Nvidia, Microsoft’s M12, and Samsung among the investors.
