VC2 min read
Fun raises $72M Series A for crypto-fiat payment infrastructure
Tags VC ยท Startups
Fortuneยท

Fun, a backend payments startup enabling crypto and fiat deposits/withdrawals for platforms like Polymarket, raised $72 million in Series A funding led by Multicoin Capital and SignalFire. The unusually large Series A shows continued strong investor appetite for crypto infrastructure despite market cycles. The size of the round suggests investors see payment rails as critical infrastructure for the next wave of crypto adoption.