Key Takeaways
- • Jeeves raised $110 million in Series C-1 equity funding led by CoinFund, representing the largest transaction in a week of crypto VC activity (September 26–October 2) that totaled $178.6 million across four disclosed deals.
- • Jeeves' investor syndicate included tier-one firms: Andreessen Horowitz, Coinbase Ventures, CRV, GIC, ParaFi, Vista, Wintermute, Y Combinator, and AllianceBernstein, signaling institutional confidence in stablecoin-based B2B payments infrastructure.
- • Jeeves reported annualized card and payments volume exceeding $5 billion, with $1.5 billion settled through stablecoins in just eight months, and four-fold revenue growth over 14 months.
- • World Assets closed $49 million in private WLD token sales with a one-year lockup; Solana Company priced a $15 million registered direct offering; Walapay raised $4.6 million in disclosed funding.
- • Jeeves launched three new products alongside the funding: a stablecoin wallet with payouts to 190 countries, an AI spending tracker, and an accounts receivable module.
Summary
Jeeves, a Miami-based corporate payments platform, secured $110 million in Series C-1 equity financing on September 29, led by CoinFund. The round represents the centerpiece of a broader week of crypto venture activity spanning September 26 through October 2, during which $178.6 million was disclosed across four transactions, with an additional two undisclosed investments also announced.
The Jeeves investor syndicate reflects confidence from institutional and specialized crypto capital: Andreessen Horowitz, Coinbase Ventures, Constellation Research Ventures (CRV), GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, Y Combinator, and AllianceBernstein participated in the round. The company provides corporate cards, accounts payable, treasury payments, and spending tools for multinational businesses. According to Jeeves, it has achieved annualized card and payments volume exceeding $5 billion, with $1.5 billion of that volume settled through stablecoins—a milestone reached within eight months of stablecoin integration. Revenue grew fourfold over 14 months, and more than 80% of customers use multiple Jeeves products.
The funding round coincided with three product launches: a stablecoin wallet offering payouts to 190 countries, an AI-powered spending tracker, and an accounts receivable module. In parallel crypto financing activity, World Assets disclosed $49 million in WLD token sales carrying a one-year lockup, Solana Company priced a $15 million registered direct offering with warrants, and Walapay raised $4.6 million. Jeeves and Walapay together accounted for $114.6 million in disclosed funding directed to business payments platforms, underscoring investor appetite for regulated stablecoin and cryptocurrency infrastructure in cross-border commerce.
The Jeeves investor syndicate reflects confidence from institutional and specialized crypto capital: Andreessen Horowitz, Coinbase Ventures, Constellation Research Ventures (CRV), GIC, Global PayTech Ventures, ParaFi, Vista, Wintermute, Y Combinator, and AllianceBernstein participated in the round. The company provides corporate cards, accounts payable, treasury payments, and spending tools for multinational businesses. According to Jeeves, it has achieved annualized card and payments volume exceeding $5 billion, with $1.5 billion of that volume settled through stablecoins—a milestone reached within eight months of stablecoin integration. Revenue grew fourfold over 14 months, and more than 80% of customers use multiple Jeeves products.
The funding round coincided with three product launches: a stablecoin wallet offering payouts to 190 countries, an AI-powered spending tracker, and an accounts receivable module. In parallel crypto financing activity, World Assets disclosed $49 million in WLD token sales carrying a one-year lockup, Solana Company priced a $15 million registered direct offering with warrants, and Walapay raised $4.6 million. Jeeves and Walapay together accounted for $114.6 million in disclosed funding directed to business payments platforms, underscoring investor appetite for regulated stablecoin and cryptocurrency infrastructure in cross-border commerce.
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