Crypto VC funding: Ripple acquires Hidden Road for $1.25b, Wunder Social raises $50m

The second week of April saw a significant acquisition: Ripple, which offers enterprise blockchain products on the XRP Ledger, purchased Hidden Road for $1.25 billion.According to data from Crypto Fundraising, the deal helped push the week’s total funding to exceed $1.5 billion. Let’s take a closer look at last week’s funding activity.🔥 BIG NEWS! 🔥We’ve just raised $50M to REINVENT social media! 🌎✈️Powered by @base, bot-free, and rewarding YOU with ad revenue. Say goodbye to fake followers and hello to REAL connections.🎉 And yes, @CoinDesk already covered us! Get ready for $WUNDER token offer… pic.twitter.com/4Nz5j2LjHAWe’re proud to announce our $40M Series A led by @hiFramework & @FulgurVentures, w/ participation from Bitcoin pioneer Wences Casares.This capital accelerates our global rollout of BTC-denominated life insurance & annuities, protecting users from inflation & currency risk 🧵⤵️ pic.twitter.com/kTMxDaDBehAPX Lending $20M Funding Round⚡️📑 About:@APXLending is a compliant crypto-backed lending platform.🤝 Investor:​​Cypress Hills👉 https://t.co/YTGOZUy2gG pic.twitter.com/QLZVVDbniI🚨 BugsCoin Raises $12M Series A to Lead Innovation in Web3 Financial Education🏦 VC Investors:• Becker Ventures• Castrum Capital• BullPerks• DuckDAO• Maxx CapitalOn April 11, BugsCoin ($BGSC), a Web3-based financial education platform, announced the successful… pic.twitter.com/lD7GYnJeGuExcited to share our latest funding round, led by @a16zcrypto, with the addition of new investor @cbventures and continued support from @benchmark.The future of communication is onchain. pic.twitter.com/qGQUa9cvaE