Midas raises $50M Series A from RRE and Creandum
Midas closed a $50M Series A led by RRE Ventures and Creandum. The round suggests VCs and institutions are still writing checks for Web3, though the company hasn't said what it actually does.
MidasTL;DR:
- VCs are still funding early-stage Web3 projects—this syndicate mixing crypto-native funds with traditional finance makes that clear.
- The backers are the story here. Without a valuation or details on what Midas builds, there's not much else to analyze.
- Capital for Web3 looks available in the near term, at least while market recovery narratives hold.
- Franklin Templeton's involvement is notable—traditional finance keeps showing up in these rounds.
- The main takeaway is that investors remain confident in Web3 broadly. Hard to say more without knowing what Midas actually does.
Midas Closes Series A
Midas, a Web3 project, raised $50 million in a Series A round that closed on October 10, 2025. The investors include several established blockchain and digital asset VCs. The announcement didn't say what Midas actually builds—no product details, no sector, nothing about how they'll use the money.
The round featured well-known names, which suggests investors see something worth backing. No valuation was disclosed, which is common for these announcements but makes it impossible to judge the terms.
| Funding Fact | Details | |--------------|---------| | Project | Midas | | Sector / Category | Not disclosed | | Funding Round | Series A | | Amount Raised | $50 million | | Valuation | Not disclosed | | Lead Investors | RRE Ventures, Creandum | | Other Participants | Framework Ventures, HV Capital, Ledger Cathay Capital, North Island Ventures, Coinbase Ventures, Franklin Templeton Investments, GSR | | What's Missing | Sector focus, valuation, use of funds, product details |
The Investor Lineup
RRE Ventures and Creandum led the round. Both have track records backing tech startups and are now putting money into Web3. The rest of the syndicate mixes crypto-native funds with traditional finance:
- RRE Ventures and Creandum led, bringing experience scaling early-stage companies
- Coinbase Ventures and Framework Ventures participate—both typically back blockchain infrastructure and protocols
- Franklin Templeton Investments joined, one of the larger traditional asset managers that's been increasingly active in crypto
- HV Capital, Ledger Cathay Capital, North Island Ventures, and GSR round out the group
Franklin Templeton's involvement stands out. When a firm managing over a trillion dollars in traditional assets participates in a Web3 Series A, it says something about where institutional money is looking.
The timing—late 2025—comes after crypto markets recovered from earlier volatility. Whether Midas is building DeFi infrastructure, NFT tools, or something else entirely, the announcement doesn't say. That makes it hard to connect this funding to any specific trend within Web3.
$50 million is a substantial Series A. It should give Midas significant runway, though without knowing their burn rate or plans, that's just speculation. The company could be hiring aggressively, building products, or preparing for market expansion—no way to tell from what's been released.
What we can say: investors with real track records put real money into this. That's the signal. The details that would let us evaluate the opportunity more carefully—valuation, product, strategy—aren't public.
Bottom line: VCs are still funding Web3, and they're bringing strong syndicates to do it.