One-week financing express | 20 projects have been invested, and the disclosed total financing is about 125 million US dollars (6.12-6.18)
According to Odaily’s incomplete statistics, there were 20 domestic and overseas blockchain financing incidents announced from June 5th to June 11th, which was slightly lower than last week’s data (21). Compared with last week's data (178 million US dollars), there is also a significant drop.
The following are specific financing events (Note: 1. Ranked according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
The following are specific financing events (Note: 1. Ranked according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
6 On the 12th, Gensyn, a blockchain-based AI computing protocol, completed a $43 million Series A round of financing, led by a16z, with CoinFund, Canonical Crypto, Protocol Labs, Jsquare, Eden Block, and angel investors in the digital AI and encryption fields participating. Gensyn has raised more than $50 million. The new financing will be used to accelerate the protocol’s rollout and expand its workforce, including adding protocol and machine learning engineers.
According to reports, Gensyn enables developers to build artificial intelligence systems on smaller data centers, personal gaming computers and other connected hardware, and pay on demand. Gensyn monetizes unused computing power in a verifiable way using cryptographically validated networks that allow users to determine whether machine learning work shared through the protocol has been done correctly, without an intermediary, and trigger payments through tokens.
In March 2022, Gensyn completed a $6.5 million seed round of financing, led by Eden Block, Galaxy Digital, Maven 11, CoinFund, Hypersphere, Zee Prime, Jsquare, Entrepreneur First, Counterview Capital, 7 percent Ventures, Id 4 Ventures, and investors from Angel investors from DeepMind, Livepeer, Pocket Network, Centrifuge, University of Cambridge, Twitter, Google, Parity Technologies participated. (CoinDesk)
Crypto exchange Bit 2 Me raises $15 million led by Investcorp
On June 15, the Spanish cryptocurrency exchange Bit 2 Me completed a $15 million financing round, led by Investcorp, with participation from Telefónica Ventures, the investment arm of Telefónica, Spain's largest telecommunications company, Stratminds VC, Cardano and YGG Fund.
Bit 2 Me will use the proceeds to increase its market share in Spain and accelerate its expansion in Latin America. (CoinDesk)
On June 15th, Web3 short video platform Cheelee completed a financing of US$10 million, and VC SILA participated in the investment through the Future Token Agreement (SAFT). This round of financing will be used to accelerate the development and marketing of Cheelee's vertical video social networking applications. To date, Cheelee has raised a total of $32.75 million in funding.
It is reported that Cheelee aims to promote the adoption of Web3 and cryptocurrency through the game player community. Users can watch and generate game video content through their NFT glasses to obtain token incentives. (Globenewswire)
On June 14, the interoperability protocol Connext Labs raised $7.5 million at a valuation of $250 million, with participation from Polychain Capital and Polygon Ventures.
The round brings Connext’s total funding to $23.2 million. The new funds will be used to establish the Connext Foundation, which will be responsible for distributing grants and funding to programs launched by Connext.
Connext said it is "building the HTTP of Web3" to form a communication layer between different blockchain networks so that applications can interact with funds and data on multiple networks at the same time.
NFT data and analytics provider Mnemonic raises $6M led by Salesforce Ventures
On June 14, Mnemonic, an NFT data and analysis provider using AI technology, completed a $6 million financing led by Salesforce Ventures, with participation from Polygon Ventures, Orange DAO, FIN Capital and FJ Labs.
The new financing will help Mnemonic build out its use cases, deepen the analytics it provides, expand its market reach and strengthen its partner ecosystem. The company’s near-term roadmap includes support for the Base testnet. In the next few months, Mnemonic's Base NFT API will also provide relevant support after Base goes live on the mainnet.
According to reports, Mnemonic's application programming interface (API) provides NFT data, analysis and insights to help developers and enterprises create Web3 products and experiences in a faster and more reliable way. This data includes real-time advanced sales price data, market activity, and NFT feature details for filtering and personalized recommendations. Mnemonic also offers spam detection to cut through the noise and help protect users from less reputable NFT collections.
On June 18, TapiocaDAO, a LayerZero-based full-chain money market protocol, announced the completion of a $6 million seed round of financing. Fisher 8 Capital, LayerZero Labs, PARC Capital, Jones DAO, Dewhales Capital, Magnus Capital, Capybara Capital, and individual investor Library Onchain Founders Zoomer Oracle, Squirrel (Arrakis Finance), DCF GOD, redphone, vf.at, Captain Rational, hedgedhog, etc. participated in the investment.
It is reported that TapiocaDAO utilizes L0 technology to support any EVM and non-EVM chains. Users can stake assets on one chain and borrow assets on another chain without transferring assets between chains. In addition, TapiocaDAO launched LayerZero-based full-chain over-collateralized stablecoin USDO.
ResearchHub, the Crypto Research Platform Founded by Coinbase CEO, Raises $5M in Series A Funding
On June 15, ResearchHub, an encrypted scientific research platform co-founded by Coinbase CEO Brian Armstrong and others, completed a $5 million Series A financing led by Open Source Software Capital, Boost VC, Bob Young from RedHat, Guillermo Rauch from Vercel, Amjad Masad from Replit Wait to vote.
ResearchHub is committed to building a platform where everyone can earn cryptocurrency rewards by contributing new knowledge to the global scientific community. Users earn ResearchCoin (RSC) by posting content to ResearchHub. proportional to the value.
On June 13, Collectibles.com, a Web3 collection platform, announced the completion of a $5 million seed round of financing, led by Blockchange Ventures, with participation from GFR Fund, Peter Thiel, and Blockwall Capital.
It is reported that Collectibles.com is building a Web3 collector community and market based on the Collectibles Protocol. (PRNewswire)
On June 15, Poko, a Web3 payment solution, completed a $4.5 million seed round of financing, with participation from Y Combinator, Goodwater Capital, Global Founders Capital, Goodwater Capital, Soma Capital, Amasia, CreditEase, Dentsu Ventures, Orange DAO, and MS&AD Ventures.
It is reported that Poko aims to solve the problem of cryptocurrency payment by enabling the seamless transfer of assets from local payment channels to Web3 infrastructure. Poko CEO Geoffrey See said that its B 2 B 2C model means that most of the main users are Web3 wallets, marketplaces, decentralized applications and games. (Techinasia)
DeFi Protocol Concordia Closes $4M Seed Round Led by Tribe Capital and Kraken Ventures
On June 17, Concordia, a digital asset multi-chain risk and collateral management agreement, completed a $4 million seed round of financing, led by Tribe Capital and Kraken Ventures, and participated by Cypher Capital and Saison Capital.
Earlier this month, Concordia launched a public testnet on Aptos. The mainnet is expected to go live in the next few months. Concordia will also launch on other chains. (CoinDesk)
Decentralized Infrastructure Provider Intuition Closes $4M Funding Led by Superscrypt
On June 16, decentralized infrastructure provider Intuition announced the completion of a $4 million seed round of financing, led by Superscrypt, with participation from Shima Capital, Avon Ventures, WW Ventures, Matrixport Ventures, Polygon Ventures, ConsenSys, and ArkStream Capital.
Intuition plans to publicly release its protocol and first applications later this year. Intuition provides a decentralized infrastructure, developer tools, and applications that enable the creation of open, flexible knowledge graphs that improve the quality and availability of social knowledge. (PRNewswire)
Web3 Payment Solution BoomFi Completes $3.8M Seed Round Led by White Star Capital
On June 13, Web3 payment solution BoomFi completed a $3.8 million seed round of financing led by White Star Capital, with participation from Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, and Aquanow.
It is reported that BoomFi is an all-in-one solution for encrypted payments. BoomFi will use the LayerZero full-chain bridge Stargate Protocol to transfer assets across chains, and the liquidity provider is Aquanow.
On June 13, Ironforge, the Solana ecological development platform, announced the completion of a $2.6 million Pre-Seed round of financing, led by Reciprocal Ventures, with participation from Hash 3, 6th Man Ventures, Alchemy, Monoceros Ventures, and Portage Ventures. Funding from this round will be used to move Ironforge from idea to production and expand its team.
It is reported that Ironforge aims to improve the developer experience and simplify the integration of the Solana blockchain with existing systems, and provide Solana developers with a series of features, such as low-cost retrieval of indexed account data, RPC intelligent routing and failover, automatic resolution, Features like cache control defined by the developer.
As previously reported, IronForge was the overall winner of the Solana Summer Camp Hackathon.
Digital comic book publisher Lightning Works raises $2.5 million
On June 12, digital comic book publisher LightningWorks completed a $2.5 million seed round of funding from its founder Geoff McCabe. Lightning Works plans to realize new ways to play comics through interactive comic book NFT and P2E games. (Globenewswire)
On June 13, GameOn, a Web3 fantasy sports platform, announced the completion of a strategic financing of US$1.7 million. The investors are Lightning Capital and blockchain platform Flow.
Lightning Capital invested approximately $1.2 million in convertible notes, and Flow provided $500,000 in funding through its Flow Ecosystem Fund, its ecosystem fund. (CNW)
On June 14, the cryptocurrency tax company TaxNodes completed a $1.6 million seed round of financing, ZebPay CEO Rahul Pagidipati, Shardeum CEO Nischal Shetty, CoinSwitch and Ajeet co-founder and CEO Ashish Singhal, Reflexical founder Ajeet Khurana Wait to vote.
TaxNodes plans to use the new funding to simplify tax calculations and provide individuals with an end-to-end solution to the complexities of cryptocurrency taxation. The company is developing an AI-assisted tax advisory model for individuals and businesses, using large GPT-like language models to provide control and compliance.
TaxNodes is said to have grown its customer base fivefold each month since its inception. Additionally, TaxNodes recently announced partnerships with crypto exchanges such as ZebPay, WazirX, and Giottus, and is focused on helping crypto users comply with tax laws. TaxNodes will also help crypto exchanges strengthen internal controls and automate reconciliation and accounting.
According to previous news in January, Avinash Shekhar, the former CEO of the Indian cryptocurrency trading platform Zebpay, established an encrypted tax startup TaxNodes, which aims to provide cryptocurrency income, taxation and reporting services for retail investors and exchanges.
TaxNodes is dedicated to simplifying the tax calculation process and gaining personal tax compliance. TaxNodes can collect cross-chain, cross-trading platforms, wallets and other channels of cryptocurrency transactions under KYC and AML compliance conditions, and automatically generate encrypted tax information. (Financial IT)
Nebeus completes 1.2 million euros in financing and plans to launch a DeFi wallet
On June 13, the cryptocurrency startup Nebeus completed a financing of 1.2 million euros (about 1.31 million U.S. dollars) on the equity crowdfunding website Seedrs. Proceeds from the financing will be used to accelerate the development of Nebeus and expand its range of services. Additionally, Nebeus announced plans to launch its DeFi wallet. (Finextra)
Encrypted banking platform blockbank announces investment from DWF Labs
On June 15, blockbank, an encrypted banking platform, tweeted that it had received 7-figure long-term financial support from DWF Labs, a digital asset market maker and Web3 investment institution, with an undisclosed amount.
On June 15, Sparkle, a divination-themed NFT social game, announced the completion of the Pre-Seed round of financing, led by Folius Ventures. The specific financing amount has not yet been disclosed.
According to reports, Sparkle is a gamified astrological social application with multiple Web3 and AIGC functions, and was selected into the Binance Labs MVB Accelerator Program for the sixth season. Thanks to the capabilities of Web3, users' sunken resources can now be displayed in NFT/FT format with instant tradable monetary value. Folius Ventures believes that having real ownership and monetary value will greatly improve Sparkle's user retention rate.
EMURGO Ventures Invests in Web3 Platform Maestro
On June 15, EMURGO Ventures, the venture capital arm of Cardano developer Emurgo, announced that it invested in Maestro, a comprehensive Web3 platform, with an undisclosed amount.
It is reported that Maestro mainly provides support for blockchain developers and enterprise users, helping them build Dapp and other products and services on the Cardano chain, and integrate with the Cardano ecosystem. (Cardanofeed)
