According to Odaily’s incomplete statistics, a total of 24 blockchain financing incidents at home and abroad were announced in the week from June 20 to June 26, a decrease from the previous week; There has been a substantial increase.
The following are the specific financing events (Note: 1. Sorting according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
The following are the specific financing events (Note: 1. Sorting according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
Encrypted financial services company FalconX completed a $150 million Series D financing at a valuation of $8 billion. GIC and B Capital led the round, and Thoma Bravo, Wellington Management, Adams Street, and Tiger Global Management participated.
FalconX stated that despite the significant layoffs of several encryption companies during the market downturn, FalconX continued to recruit employees.
According to previous reports, in August 2021, FalconX announced the completion of Series C financing of US$210 million, with a valuation of US$3.75 billion, with participation from Tiger Global, Alimeter Capital, B Capital, and Sapphire Ventures. (CoinDesk)
Web infrastructure Platform.sh completes USD 140 million in Series D financing, led by Morgan Stanley Expansion Capital, Revaia, and Digital Partners, with participation from BGV, Eurazeo, Hiinov, Eurozeo, and Partech. This brings Platform.sh’s total funding to $187 million, and Platform.sh founder Fred Plais says the new funding will be used for hiring efforts and “doubling down” on automation.
Platform.sh plans to grow its workforce of roughly 340 employees to more than 400 over the next year, with a focus on North America and Western Europe. The company has offices in France, Germany, the US and the UK. (TechCrunch)
Magic Eden, the Solana ecological NFT market, completed a $130 million Series B round of financing at a valuation of $1.6 billion, led by Electric Capital and Greylock. The funds are used to expand its primary and secondary markets and explore multi-chain opportunities. (CoinDesk)
Crypto infrastructure firm Prime Trust completes $107 million Series B funding
Encrypted infrastructure company Prime Trust announced the completion of US$107 million in Series B financing. The funds will be used to expand its product categories, including encrypted pension products and asset tokenization products. (CoinDesk)
According to previous news, Prime Trust, a financial technology infrastructure and encryption custody company, completed a US$64 million Series A financing, led by Mercato Partners' growth stock fund Traverse, Samsung Next, Kraken Ventures and Seven Peaks Ventures participated in the investment, Tom Gonser of Seven Peaks and Mercato's Zane Busteed has joined the Prime Trust board.
Encrypted financial services company Flowdesk completed a $30 million Series A financing, with Coinbase, Ledger, Eurazeo, Aglaé Ventures, ISAI, Speedinvest, Fabric.vc and some angel investors participating. The funds raised will build the trading infrastructure for the Flowdesk market-making service.
It is reported that Flowdesk is headquartered in Paris, France and was founded in 2020. In addition to market-making services, the company also provides digital asset management, brokerage and custody services. Additionally, Flowdesk is licensed by the French regulatory body, the Autorité des Marchés. (CoinDesk)
OnChain Studios, a manufacturer of digital toy NFT platform Cryptoys, announced the completion of US$23 million in Series A financing, led by a16z, with participation from Dapper Labs, Draper & Associates, Acrew Capital, CoinFund, Animoca Brands, and Sound Ventures. Funds raised will be used for team expansion, including engineering, design, art, and animation, to build the ecosystem and provide more games and experiences to the community and collectors.
According to previous news, on October 25, 2021, OnChain Studios, the parent company of Cryptoys, completed a $7.5 million seed round of financing, led by a16z.
Japanese virtual IP company Brave group Inc. announced the completion of US$10 million in financing, with participation from Dawn Capital and OSAKA GAS. So far, the company has raised a total of $18 million in financing.
Brave will use the financing to expand Metaverse Marketing Solutions services, strengthen operations and global expansion, develop more Brave Engine products and other new businesses, and strengthen its management structure. (PRNewswire)
NFT lending platform Astaria completed $8 million in financing, with participation from True Ventures, Arrington Capital, Ethereal Ventures, Wintermute, Genesis Trading, Ledger Prime, Hypersphere Ventures, and TheLAO.
It is reported that Astaria aims to provide instant liquidity for NFT. The founder is Joseph Delong, the former chief technology officer of SushiSwap. The agreement supports users to borrow and borrow Ethereum by staking NFT. Astaria founder and CEO Justin Bram said that the funds raised will be used to expand the team, and the platform may be launched as early as September this year. (CoinDesk)
System 9 Inc, a digital asset market-making company, announced the completion of Series A financing of US$5.7 million. Capital6 Eagle (C6E) led the round, with participation from Kronos Asset Management, C2 Ventures, Gate Ventures, Ascendex Ventures, etc. The financing will be used to further expand the technical infrastructure and business operations that support its proprietary market making, and to expand its range of services. (PR News Wire)
Web3 education platform Neol completed a US$5.2 million seed round of financing, co-led by Kyu Collective and Global Ventures, and Tony Xu, CEO of DoorDash, LearnStart, FJ Labs, and Paribu Ventures participated. Funds raised will be used to support Web3 talent training and donation activities.
It is reported that Neol is a London-based company that aims to build a richer academic community to promote educational development. Community members can establish their own groups and create Neol tokens. (Sifted)
DeFi incubator Krew completes $4 million in financing led by Quantstamp and Ascentive Assets
Krew, a Klaytn-based DeFi incubator, announced the completion of $4 million in financing, led by Quantstamp and Ascentive Assets, and will be officially launched in June. In the future, it plans to provide consulting services for incubation projects, including liquidity provision, marketing knowledge sharing, providing design advice and Market entry strategy. (U. Today)
DeFi protocol Backd completes $3.56 million financing led by Advanced Blockchain AG
DeFi protocol Backd announced the completion of $3.56 million in financing, led by Advanced Blockchain AG, with participation from Spartan Group, Maven 11, Struck Crypto, Apollo Capital, and Divergence Ventures.
It is reported that Backd maximizes the compound income of DeFi users’ assets by deploying a reactive liquidity pool. Through Backd’s income aggregation liquidity pool and the core protocol structure of the operation, it automatically entrusts liquidity to external agreements, thereby improving asset utility and efficiency. (Cointelegraph)
StarkNet ecological DEX SithSwap completes $2.65 million in seed round financing, led by Lemniscap
StarkNet-based DEX SithSwap completed a $2.65 million seed round at a valuation of $25 million, led by Lemniscap, with participation from Big Brain Holdings, GSR, DWeb3 Capital, Ghaf Capital Partners, Anthony Beaumont, and Etienne Royole. (PR News Wire)
Web3 News Startup Capsule Social Completes $2.6M Seed Round Led by Beacon Fund
Web3 news startup Capsule Social has completed a $2.6 million seed round, led by Beacon Fund, an encryption fund under Polychain Capital.
In addition, Capsule Social also announced the launch of its first product "Blogchain", which aims to bring innovation to the journalism industry. By combining Web3 technology, IPFS and NEAR protocol, content creators can obtain their own "content ownership". It is reported that Capsule Social plans to complete the A round of financing within one year and expand Blogchain to a global scale. (PR Newswire)
Thepeer, an African digital wallet API infrastructure startup, announced the completion of a $2.1 million seed round of financing, led by Raba Partnership, with participation from Rallycap, BYLD Ventures, Timon Capital, Musha Ventures, Sunu, Uncovered Fund, Chipper Cash and Stitch.
Thepeer says its API provides an alternative network where fintechs and businesses can embed different product sets in their apps and websites, allowing customers to move money easily. The company hopes to roll out more features and wallets for other currencies in the future (its current platform involves naira wallets), while hiring more talent and investing in product development. (TechCrunch)
Afropolitan, an NFT-based "community-as-a-service" startup, announced the completion of a $2.1 million Pre-Seed round of financing, Hashed, Atlantica Ventures, Microtraction, Cultur3 Capital, Shima Capital, Savannah Fund, Ingressive Capital, Audacity Fund, RallyCap Ventures, and former Coinbase 25 angel investors including CTO Balaji Srinivasan participated in the round.
It is reported that Afropolitan plans to mint 10,000 NFT "passports" to support DAO and grant DAO members permission to participate in activities and other activities. After that, it will also launch an APP to include various services and products in the ecosystem. (TechCrunch)
Blockchain game platform MetaOne completed a private equity financing of US$2 million, with participation from Huobi Ventures, LD Capital, Cypher Capital and GSR Capital.
MetaOne introduces the SAAS service of blockchain games for large-scale games and guilds, aiming to solve the key problems of the current Web3 GameFi market by creating a single platform. The project expects to launch its official platform and utility token in 2022. (Yahoo Finance)
NFT value discovery platform EyesFi completes $2 million in financing, led by Multicoin Capital
EyesFi, an NFT value discovery platform, completed a $2 million financing, led by Multicoin Capital, with participation from Puzzle Ventures and Delta Blockchain Fund.
It is reported that EyesFi will be established in the second quarter of 2021. The team has attracted more than 10,000 users through the NFT valuation system, asset management system, 3D Gallery, etc. Early contributors can mint Genesis Utility NFTs for free. EyesFi launched the curation-based "Like2Earn" reward mechanism and decided to integrate the GameFi dimension into its ecosystem. Additionally, EyesFi will launch Alpha testing in early July.
Increment, a decentralized perpetual contract, announced the completion of a $1.56 million seed round of financing, led by ParaFi Capital, with participation from Delphi Digital, Dialectic, AngelDAO, LedgerPrime, and SkyVision Capital.
It is reported that Increment uses Curve V2's AMM as a transaction engine to bring multi-currency perpetual contracts to zkSync 2.0.
Web3 game tool developer CloudFeather Games announced the completion of a $1.25 million seed round of financing, led by Lumikai, Venture Highway, OYO Global Chief Strategy Officer ManinderGulati, Nazara Technologies CEO Manish Agarwal and others participated in the investment. The new financing will be used to recruit key talent in business development, product and technology, while expanding the developer outreach program of domestic and global game studios.
It is reported that CloudFeather Games was established in 2019, and has been in "stealth" since January 2022 to build the SDK, and has now begun trials with external developers. (Your Story)
Qihuo Technology received tens of millions of yuan in angel round financing, led by Linear Capital
"Qihuo Technology" announced that it has obtained tens of millions of yuan in angel round financing. This round of financing is led by Linear Capital, and the listed company Aoya Design followed suit. After this round of financing, the company will focus on the research and development of underlying technologies, the expansion of market operations, and the construction of ecological scenarios.
According to reports, Strangefire Technology is the first batch of NFT technology research in China, and the first metaverse company to create an overall solution for credible digital commodity casting, programming and virtual space construction. (36 krypton)
Metaverse music platform Authentic Artists announced the completion of a strategic round of financing, with participation from Warner Music Group, Crush Ventures, the investment arm of Crush Music, Steven Vasilev, founder of Nike RTFKT, and Sebastien Borget, co-founder of The Sandbox. This round of financing will be used to accelerate the development process of its AI-driven metaverse music platform, shape the WarpSound music brand, and introduce partners to help its future development.
It is reported that Authentic’s creation music NFT series WVRPS by WarpSound is the number one music NFT series on OpenSea so far, including 9,999 unique music sounds based on visual features, realized by Authentic’s generative music technology. (Businesswire)
The blue-chip NFT project Doodles announced at the NFT.NYC conference the appointment of musician Pharrell Williams as chief brand officer, who will help shape the series' initiatives in music, artwork, consumer products, animation and events. Additionally, he will serve as an executive producer on Doodles Records: Volume 1, which will be released in partnership with Columbia Records.
In addition, the founder of Doodles also announced that Reddit co-founder Alexis Ohanian's venture capital firm Seven Seven Six (776 Management) led the project's first round of financing. The financing amount has not been disclosed.
In a pre-recorded video played at the launch event, Ohanian said 776 plans to work with the Doodles team "to take what they've done so far to the next level and scale it even further." 776 co-founder Katelin Holloway will join Williams on the Doodles board. (Decrypt)
BinanceLabs makes strategic investment in OpenLeverage
News BinanceLabs announced a strategic investment in OpenLeverage. The funds raised will be used to strengthen the application of OpenLeverage on the BNB chain and develop a multi-chain ecosystem, which is planned to expand to other EVM-compatible chains in the second half of 2022, such as Polygon, Avalanche, and Ethereum L2 solutions Arbitrum and Optimism.
It is reported that OpenLeverage is a permissionless lending and margin trading protocol, deployed on the Ethereum and BNB chains, enabling traders to long/short any trading pair on DEX. And OpenLeverage is also one of the shortlisted projects of Binance Labs' fourth season incubation plan.
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