Fun, a crypto onramping platform used by Polymarket and Aave, raised $72M Series A led by Multicoin Capital and SignalFire.
VC & Fundraising ·
Fun, a crypto onramping platform, raised $72 million in a Series A funding round co-led by Multicoin Capital and SignalFire. The platform powers deposits, withdrawals, and settlement flows for crypto applications including Polymarket, Lighter, and Aave.
Fun facilitates crypto-to-fiat conversion and related payment settlement services. The round reflects investor backing for infrastructure that bridges traditional finance and crypto ecosystems, even as the crypto payments sector faces broader headwinds.
The funding details—including the full investor roster, post-money valuation, and Fun's growth metrics—have not been disclosed in available reporting. The strategic significance of individual investors beyond the co-leads and the company's path to profitability remain open questions.