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Venice AI Raises $65 Million Series A at $1 Billion Valuation, Dragonfly Leads Round

7/5/2026

Erik Voorhees' crypto-AI startup Venice AI has closed a $65 million Series A funding round at a $1 billion equity valuation, with Dragonfly leading the deal.

The raise positions Venice among a small group of crypto-native AI projects to clear the ten-figure equity mark.

The Round: Size and Structure The $65 million Series A is an equity round — not a token sale — at a $1 billion valuation.

That distinction matters in a sector where token-denominated raises frequently obscure the underlying equity picture. Dragonfly, a crypto-focused venture firm, led the financing.