Weekly Financing Express - 7 projects received investment, with a total disclosed financing amount of approximately US$46.6 million (12.25-12.31)
According to incomplete statistics from Odaily, a total of 7 domestic and overseas blockchain financing events were announced from December 25th to December 31st, which was a decrease from last week’s data (18 cases). The total amount of financing disclosed was approximately US$46.6 million. Thats down sharply from last weeks figure ($175 million).
Last week, the project that received the largest amount of investment was mining company HIVE Digital Technologies (USD 21.7 million); Web3 marketing company Addressable was not far behind (USD 13.5 million).
The following are specific financing events (Note: 1. Sorted according to the announced amount; 2. Excludes fund raising and mergers and acquisitions; 3. *Represents companies in the traditional field where some of the business involves blockchain):
HIVE Digital announces completion of C$28.75 million in financing to expand Bitcoin mining
On December 28, HIVE Digital Technologies announced the successful completion of a $5.00 CAD buyout private placement financing of 5,000,000 special stock options, bringing total proceeds to $25,000,000 CAD. The underwriters elected to exercise an additional 15% special option, increasing total financing to C$28,750,000. The financing will be used to expand Bitcoin mining scale, working capital and general corporate purposes. The underwriters receive a 6.0% cash commission and broker stock options equal to 6.0% of the total stock options. The underlying securities will be subject to a statutory restriction period of four months and one day.
On December 25, Web3 marketing company Addressable completed its second round of financing in 2023, with a total financing amount of US$13.5 million. BITKRAFT Ventures led the investment, and Karatage, Viola Ventures, Fabric Ventures, Mensch Capital Partners, North Island Ventures, etc. participated. The funding is intended to enhance its Web3 growth suite and expand its services to new networks and blockchains.
On December 29, the decentralized storage platform Cumulus Encrypted Storage System (CESS) announced the completion of US$8 million in financing from HTX Ventures, Infinity Ventures Crypto, DWF Labs, Mentha Partners, Vespertine Capital, Web3 Foundation, Singchain Investment, 7 OClock Capital, SolrDAO, FishDAO, OneBlock+, Winkrypto and Polkadot Ecological Research Institute participated in the investment.
It is reported that CESS is both a blockchain network and a decentralized storage system. It allows files to be stored on multiple nodes and identified by their hash value. The new funds will be used to “drive technological advancement, expand global operations, and strengthen CESS’s position in the decentralized infrastructure space.”
On December 27, Cosmos modular multi-chain token issuance platform Eclipse Fi completed US$1.9 million in financing from Big Brain Holdings, Rarestone Capital, Momentum 6, NxGen, Crypto Banter, Cogient Ventures, Token Metrics, Kyros Ventures, Faculty Group, Master Ventures, Ivan on Tech, Brian D Evans, Danish Chaundry and Gainzy also participated in the investment. The TGE was conducted on December 22nd.
It is reported that Eclipse Fi is committed to solving Launchpad cross-chain user experience and sustainability issues. This will be achieved through features such as smart accounts and cross-chain architecture, simplifying the entire usage process.
BRC 20.com completed US$1.5 million in financing, led by UTXO Management
On December 29, BRC 20.com announced the completion of US$1.5 million in financing, led by UTXO Management, the asset management arm of Bitcoin Magazine’s parent company BTC Inc. Zanshin Capital Management, Unbroken Chain, One Block Capital, Sora Ventures, OWL Ventures, and Bitcoin Frontier Fund , Hamble and New Tribe Capital participated in the investment.
It is reported that BRC 20.com plans to launch a mobile application that allows users to cross-chain, trade and pledge BRC-20 tokens using their mobile phones.
Sleepless AI completes new round of financing led by Folius Ventures
On December 26, Sleepless AI completed a new round of financing, led by Folius Ventures. Sleepless AI, a Binance MVB V winner, has received investment from Binance Labs and Foresight Ventures.
Portal completed a new round of financing, with participation from many well-known angel investors
On December 31, Portal officially announced that it had completed a new round of strategic financing. The specific amount has not yet been disclosed. Sotheby’s Vice President and Head of Digital Art and NFT Michael Bouhanna, MonnPay Co-Founder Max Crown, 9 GAG CEO 9 gagceo, Pixelmon CEO GiulioX, Parallel co-founder Kalos and others participated in the investment.
