One-week financing express | 16 projects have been invested, and the disclosed total financing is about 585 million US dollars (7.5-7.11)
According to Odaily’s incomplete statistics, a total of 16 domestic and overseas blockchain financing incidents were announced in the week from July 5 to July 11, a decrease from the previous week; promoted.
Last week, Circle received the largest amount of investment in a single deal. It was listed through a business merger with Concord Acquisition Corp. Circle was valued at US$4.5 billion and has received US$415 million in private equity financing. Founded in 2013, Circle is the USDC issuer of the US dollar stablecoin, aiming to become the most open and transparent operator of the full-reserve stablecoin.
The following are the specific financing events (sorted according to the announced amount):
The following are the specific financing events (sorted according to the announced amount):
Circle, the issuer of the U.S. dollar stablecoin USDC, will go public through a business combination with Concord Acquisition Corp (NYSE: CND ) under the symbol "CRCL," in a deal that values Circle at $4.5 billion. Concord Acquisition Corp is a publicly traded special purpose acquisition company in a trust of $276 million. Existing Circle shareholders will maintain approximately 86 percent ownership of the public entity upon closing of the transaction. Circle co-founder Jeremy Allaire will continue as CEO of the company. Bob Diamond, chairman of Concord Acquisition Corp and CEO of Atlas Merchant Capital, will join the board of directors, and the transaction is expected to close in the fourth quarter of 2021.
In conjunction with the transaction, investors have committed $415 million in private equity financing, which, combined with trust cash and Circle’s recently completed convertible note financing, will result in Circle’s gross proceeds of more than $1.1 billion at closing. Major institutional investors in private equity financing include Marshall Wace LLP, Fidelity Management & Research Company LLC, Adage Capital Management LP, ARK Investment Management LLC, etc. (prnewswire)
Accomplice VC partner Ash Egan is opening his own fund Acrylic Ventures. Egan has raised $55 million for his fund to invest in early-stage encryption projects. Cendana, Digital Currency Group, Bison Trails founders and others participated in the investment. (CoinDesk)
According to official news, blockchain game and NFT developer Animoca Brands recently announced that it has received a new financing of 50 million US dollars. In addition to crypto industry giants such as Coinbase, the investors this time also include an institution, Blue Pool Capital (Blue Pool Capital).
It is reported that Blue Pool Capital is the family wealth management fund of Ma Yun and Cai Chongxin, which manages part of Ma Yun's wealth and most of Cai Chongxin's own 8 billion US dollars of wealth. This investment in Animoca Brands is the second publicly disclosed investment event of Blue Pool Capital so far this year after nearly three years, and it is also the first time it has set foot in the blockchain field.
According to official news, Blockpit, an Austrian encrypted asset tax reporting company, announced the completion of a Series A financing of more than US$10 million, led by MiddleGame Ventures (MGV), and participated by Fabric Ventures, Force over Mass Capital, Tioga Capital, Avaloq Ventures, and Venionaire. This round of financing will be used for product development and international market expansion.
Founded in 2017, Blockpit developed Cryptotax, an encrypted asset tax software, to automatically calculate data related to encrypted asset transactions and other activities (such as from mortgages, DeFi, lending, mining, and margin transactions), import and standardize them in real time, and then Perform calculations through country-specific tax laws and generate reports showing taxable profits and other important data.
Crypto insurance company Coincover announces $9.2 million in Series A funding led by Element Ventures, DRW Venture Capital, CMT Digital, Avon Ventures, Valor Equity Partners, FinTech Collective, Susquehanna Private Equity Investments, LLLP, Volt Capital, Insurtech Gateway Fund and Wales Development Bank participated in the investment.
It is reported that Coincover was established in 2018 to ensure that investors will not lose access to their encrypted assets due to theft, fraud, user error or business failure. The company offers a platform that combines insurance guarantees with secure backup and recovery of private keys, with insurance policies underwritten by Lloyd's of London. (The Block)
DeFi investment platform Zerion completes $8.2 million Series A financing, led by Mosaic Ventures
Zerion, a DeFi investment platform, completed its Series A financing of US$8.2 million, led by Mosaic Ventures, with participation from Placeholder, Digital Currency Group, Lightspeed Venture Partners, and Blockchain.com Ventures. Zerion plans to expand its user base, bring new features to its platform, and expand its team.
Tokenized carbon trading platform Single.Earth completes $7.9 million seed round led by EQT Ventures
Single.Earth, a tokenized carbon trading platform, completed a seed round of financing of US$7.9 million, led by EQT Ventures, and the founders of investment institutions Icebreaker.vc and Pipedrive, Ragnar Sass and Martin Henk participated in the investment. The financing will be used to launch the MERIT token market and expand the team. In addition, Single.Earth plans to start the registration pre-sale of MERIT tokens this summer.
According to reports, Single.Earth will work with landowners who protect and restore forests, wetlands and other natural resources, so that these lands can be added to the platform, and then combined with satellite data, big data analysis and machine learning to create corresponding digital goods.
Cryptocurrency index community Index Cooperative raises $7.75 million led by Galaxy Digital and 1kx
The cryptocurrency index community Index Cooperative completed a financing of US$7.75 million, led by Galaxy Digital and 1kx, and participated by 1confirmation, LD Capital, Defiance Capital, Assembly Capital, Wintermute, Laconia Ventures, and former wealth management executive Phil DiIorio. The funds will be used to hire more engineers, expand its ETF-like offering to other networks, and strengthen the protocol’s long-term financial stability. It is reported that Index Cooperative has developed a series of institutional-level DeFi products, including DeFi Pulse Index, Metaverse Index, ETH2x-FLI and BTC2x-FLI, which can be purchased by retail and institutional investors to obtain various exposures to the encrypted market. (CoinDesk)
Chintai, a Singapore-based blockchain company, announced the completion of a $7.5 million seed round led by Block.one and Cryptology Asset Group, with participation from Collective Capital, PEER Venture Partners, and Chimera Wealth. Chintai will use the funds to enable the compliant tokenization of traditional financial assets on its blockchain network.
According to reports, Chintai uses Block.one's open source EOSIO protocol to provide customers with compliant digital asset technology for issuance, secondary trading, automatic market making, asset sheet management, custody, etc. (PR Newswire)
Private asset data oracle protocol Lithium Finance adds $2.6M to $7.6M
According to the official announcement, the financing of Lithium Finance, a private asset data oracle agreement, has increased to US$7.6 million, an additional US$2.6 million in addition to the US$5 million in financing led by Pantera Capital and Hashed, a Korean blockchain venture capital institution. Existing investors of Lithium Finance include Pantera Capital, Hashed, Alameda Research, Huobi Ventures Blockchain Fund, OKEx Blockdream Ventures, NGC Ventures, LongHash Ventures, Genesis Block Ventures, FBG, Coin98 Ventures, Gate.io, Injective, AU21 Capital, etc. Lithium Finance is the first decentralized data oracle solution that uses collective intelligence to price illiquid assets that are currently expensive and difficult to value.
According to official news, UMA, a decentralized synthetic asset protocol, completed a $2.6 million financing through the Range Token pilot. Risk Labs, a foundation supporting UMA, minted the first Range Token backed by UMA collateral. Blockchain Capital, IOSG, Sybil Capital, Amber Group, Wintermute Trading, Stefan Cohen (Bain), Robert Leshner (Compound), Tony Sheng (Cozy), Ryan Yi (Coinbase), Will Price, Allan Matheson (Golden Pear Capital), Mirana Ventures and others participated in the investment.
It is reported that Range Token can enable DAOs to obtain funds and diversify their treasury pools without directly selling their native tokens. The Range Token function is a loan that DAO can obtain from its own treasury, a kind of "encrypted native convertible bond".
Tranchess Protocol, a chess-themed DeFi asset management platform, completed a $1.5 million seed round of financing led by Arrows Capital and Spartan Group, with participation from Binance Labs, Longhash Ventures, and IMO Ventures. The funds obtained from this financing will be used to promote the expansion of the project and complete the plan to become a multi-chain solution, while completing the development of its decentralized autonomous organization (DAO). The project says it aims to hand over management of the protocol to a DAO and launch version 2.0 of its application by the fourth quarter of 2021. Tranchess was announced in June as previously reported. (CoinDesk)
WiV Technology, a blockchain platform focusing on the wine industry and NFT, has completed $1.5 million in financing, with participation from RedCave Ventures, Daniel Maegaard, SuperNatural, 1010 Capital, StableNode, and Tokenization. The funds will be used to accelerate the development of its tokenized wine platform develop. (Bitcoinist)
Gamification NFT platform StarryNift launched its integrated gamification platform and digital collectibles launch platform (Launchpad). StarryNift announced that it has received strategic investment from LD Capital, Monday Capital, Sparkland Capital, Blockwall Capital, CoinGecko Ventures, and Gate Labs. The financing amount has not been disclosed. Jihan Wu, founder of Bitmain, and Pranav Sharma, founder of Woodstock Fund, became its individual investors and advisors.
It is reported that StarryNift is a gamified NFT platform supported by distributed ledger technology. Co-founder and CEO Martha Zhang is one of the founding partners of Bitmain and once led venture capital at Temasek. StarryNift will conduct pre-sales of the limited edition blind box series in early July. (Accesswire)
