One-week financing express | 20 projects have been invested; the total disclosed financing is about 290 million US dollars (11.7-11.13)
According to Odaily’s incomplete statistics, a total of 20 domestic and overseas blockchain financing incidents were announced during the week of November 7th to November 13th, a decrease from the previous week; There has been a substantial decline.
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):
On November 8, the blockchain analysis company TRM Labs announced the completion of a new round of financing of US$70 million, led by Thoma Bravo, with participation from Goldman Sachs, PayPal Ventures, Amex Ventures and Citi Ventures. Launched in 2018, TRM Labs has expanded to the UK, Singapore, Australia, Brazil and the United Arab Emirates. TRM Labs raised $60 million in Series B funding in December 2021, led by Tiger Global. (coindesk)
On November 9, Ramp, an encrypted payment company, announced the completion of a $70 million Series B round of financing led by Abu Dhabi sovereign wealth funds Mubadala Capital and Korelya Capital. The new funds will be used to improve its product line, expand new markets and increase support for fiat currencies and the number of encrypted payment channels. (Cointelegraph)
Digital asset exchange Archax completes $28.5 million in Series A financing led by Abrdn
On November 8, the digital asset exchange Archax completed its Series A financing of US$28.5 million, led by the investment institution Abrdn, and participated by Bitrock Capital, Blockchain Coinvestors, and Tezos Foundation.
It is reported that Archax is a digital asset exchange licensed by the FCA in the UK, allowing institutional investors to host and trade various digital assets and traditional securities.
According to previous reports, in August this year, the investment institution Abrdn announced that it has become the largest external shareholder of Archax. (The Block)
Blockchain cross-border remittance company Pyypl completes $20 million in Series B financing
On November 8, Pyypl, a blockchain cross-border remittance financial technology company, announced the completion of a US$20 million Series B round of financing, with participation from multiple international investors and 10 existing investment institutions.
It is reported that since its establishment in 2017, Pyypl has received a total of about US$40 million in financing from investors in Europe, the United States, Asia and the Middle East, including Global Ventures, a venture capital institution headquartered in the United Arab Emirates. In February this year, Pyypl completed its Series A round of financing of US$11 million, with multiple international family offices and high-net-worth individuals participating in the investment. (The Nation News)
On November 8, Fordefi, a financial technology and software company, announced the completion of an $18 million seed round of financing, led by Lightspeed Venture Partners, Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal Alumni Fund, Nima Capital , Digital Currency Group, Defiance Capital, and StarkWare participated in the investment. Fordefi has also publicly launched its institutional MPC wallet built for DApp transactions.
According to previous reports, former BitGo and Curv executive Josh Schwartz launched a new encrypted wallet security company Fordefi. Fordefi provides a wallet platform that allows institutions to participate in various chains. Using secure multi-party computation (MPC) to distribute users' private keys in a way that is more difficult to compromise, Fordefi said, it will allow users to automate their interactions with blockchains and smart contracts. (PRNewswire)
On November 10, the payment platform Ping announced that it has received US$15 million in seed round financing. The main investors include Y-Combinator, Race Capital, BlockTower, Danhua Capital, Signum Capital and Goat Capital. The funds will further advance and expand Ping’s platform, enabling digital nomads to receive payments in U.S. dollars or cryptocurrencies and convert wages into local currencies. The Ping platform allows any individual, organization or company to create a free international account in USD and instantly accept bank transfers – whether in foreign currency or cryptocurrency. Additionally, users can buy and receive cryptocurrencies like Bitcoin, Ethereum, and Litecoin through Ping. (finextra)
South Korean gaming giant NCSoft invests $15 million in Mysten Labs
On November 8, as part of the US$300 million financing previously announced by Mysten Labs, a Web3 game infrastructure service provider, Korean game giant NCSoft invested US$15 million in Mysten Labs. The funds will be used to push Mysten Labs to accelerate the development of the Sui Layer 1 blockchain as the infrastructure for Web3 games and other projects.
Mysten Labs previously completed a financing of US$300 million at a valuation of more than US$2 billion in September, led by FTX Ventures, and participated by a16z Crypto, Jump Crypto, and Binance Labs. (Venturebeat)
Messaging infrastructure Notifi completes $10 million seed round led by Hashed and Race Capital
On November 8, Notifi, a messaging infrastructure platform, has completed a $10 million seed round of financing today, and the company has been oversubscribed. The round was co-led by Hashed and Race Capital. Struck Capital, HRT Capital, Wintermute, and Superscrypt created by Temasek followed suit.
Notify is a messaging infrastructure that aggregates cross-chain notifications and messages to reach users. This feature makes it easy for users to receive on-chain messages and alerts. (techcrunch)
Decentralized Search Company Sepana Completes $10M Funding Led by Hack VC and Pitango First
On November 8, the decentralized search startup Sepana announced the completion of $10 million in financing, led by Hack VC and Pitango First, with participation from Protocol Labs, Lattice Capital and Balaji Srinivasan.
It is reported that Sepana was founded by Daniel Keyes and David Keyes, aiming to make Web3 content such as DAO and NFT more discoverable through its search tools. Sepana's upcoming Web3 search API allows various DApps to integrate with its search infrastructure. (The Block)
On November 9, Any World, a metaverse AI animation tool development company, announced the completion of a $7.5 million financing round, with participation from Warner Music, Acrew Capital, and Alumni Ventures. The company also revealed that its services will be launched on the Epic Games virtual engine in December this year. Anything World mainly builds large-scale creation of open source, usable and blendable "3D assets" tools, lowering the threshold for people to enter the Web3 world. Ron Levin, a partner at Alumni Ventures, said that Any World tools can provide support for metaverse developers and even set the standard for game creators in the future. (venturebeat)
On November 8, the cryptocurrency exchange Coinmetro has completed an interim financing of 7 million euros (approximately 7 million U.S. dollars), valuing the company at 180 million euros, with funds from three angel investors and more than 100 existing shareholders.
Coinmetro plans to use the financing to further expand its business in the United States, the United Kingdom and throughout Europe, and develop a series of passive income products to help customers cope with periods of high inflation and high interest rates. It is reported that Coinmetro is currently scheduled to conduct Series A financing in the first quarter of 2023. (Finextra)
NFT Studio Eterlast Completes $4.5 Million Seed Round Financing, Immutable X and Others Participate
On November 8, British NFT studio Eterlast announced the completion of a $4.5 million seed round of financing, with participation from Supernode Global, Play Ventures, Active Partners, Stake Capital, Immutable X, and Founders Factory.
Eterlast, an incubation project of startup accelerator and venture capital firm Founders Factory, develops NFTs with sports and media franchise partners, and is also developing blockchain games based on boxing and rugby sports, aiming to enhance users' games, collections and transaction experience. (uktech)
Web3 Startup Xternity Completes $4.5 Million Pre-Seed Funding Led by NFX
On November 8, Xternity, a Web3 game infrastructure start-up, completed a pre-seed round of US$4.5 million, led by NFX, and participated by Jibe Ventures, Flori Ventures, Secret Chord Ventures, and vGames.
It is reported that Xternity aims to help Web2 game publishers adopt Web3 technologies including NFT through its "no code" platform, and supports publishers to create NFT collections, providing them with customized wallets and loyalty clubs. blockchains, including Polygon, ImmutableX, Solana, Binance, Celo, and Ethereum. (The Block)
On November 8, colletID, an NFT-based physical product identification company, announced that it has completed a financing of US$3.5 million. American sports industry venture capital firm SeventySix Capital, European sports investment company Hellen’s Rock Capital, and Swiss and Japanese crypto banks Sygnum/SBI Waiting to participate in the investment, the company conducted a seed round of financing in December 2021 and is still in the pre-A round of financing. colletID opens up a digital dimension for physical products. By putting small NFT tags into physical products, each product can obtain a unique identity, and then store this "unique identity" as a non-homogeneous token through a smart contract, that is, NFTs on the blockchain, in turn, create a digital twin identity for each product.
Digital game marketplace Driffle completes $3.4 million seed round led by Beenext
On November 8, digital game market Driffle announced the completion of a $3.4 million seed round of financing, led by Beenext, Jafco Asia, Taurus Ventures, Better Capital, White Venture Capital, Maninder Gulati, Amit Damani and other famous angel investors participated in the investment. Driffle provides low-cost online game services to gamers around the world, aiming to improve players' experience in purchasing digital goods, and facilitate users to trade games, digital gift cards and game credits. (VCCiRCLE)
On November 8th, Theia Studios, a Web3 strategy game creator platform, announced the completion of a new round of financing of US$2.4 million. Hashed, Snackclub, IVC, Mint Ventures, Taureon, Arcanum Capital, Big Brain Holdings, Lancer Capital, Ignite Group, Andover Ventures and Plum Ventures participated. The company's Web3 turn-based strategy game creator platform provides developers with toolkits, including map editors, asset pipelines, scripting frameworks, economic builders, etc., to help game creators build their own strategy games. The game "Icons of Theis" is expected to start a closed beta test on November 10.
On November 8, Assert AI, an agricultural blockchain software-as-a-service start-up, completed a $2 million financing. Quona Capital, Lightrock India, LGT Lightstone Aspada, Omnivore, ICICI Venture and former managing director and chief executive officer of Arya.ag, an agricultural technology start-up, Executive Prashant Purkerf participated in the vote.
The company plans to use the new funding to introduce a public agricultural blockchain ledger and support its vision for artificial intelligence and deep technology in storage, financing, and commercial products, while expanding its solutions into agtech, grain storage, and deeper It has penetrated into the fields of warehousing, logistics, supply chain management, manufacturing and retailing. (bwdisrupt)
On November 8, Job Protocol, a decentralized recruitment protocol, completed a financing of US$1.5 million at a valuation of US$7.5 million. Tioga Capital led the investment, and Portal Ventures and the angel network Syndicate One participated in the investment.
It is understood that the Job Protocol allows companies to list awards for vacancies, and anyone can participate in recommending candidates; once a candidate has served for more than 90 days, the recommender will receive a full reward (paid in the form of USDC), currently listed The maximum amount is $25,000. (block-chain24)
Odaily News Indian Web3 3D modeling startup MY3DMeta announced the completion of 105 million rupees (about 1.3 million US dollars) financing, The Chennai Angels, Dholakia Ventures, AccelNest, Karn Nagpal, and a group of angel investors participated in the investment. Founded in 2016, MY3DMeta helps users create 3D characters, 3D NFTs, and realistic 3D digital humans. Its 3D modeling technology engine can provide support for 3D asset creation, and makes it easier for developers to build animations, NFTs, games, and Web3 and 3D models in the Metaverse.
On November 8, blockchain startup Dhiway announced the completion of a $1 million Pre-Seed round of financing, led by Cornerstone Venture Partners Fund, SUNiCON Ventures and existing shareholders. Dhiway is India's first verifiable data exchange platform based on the enterprise blockchain infrastructure CORD, which is designed and implemented to provide applications with privacy, security and data compliance attributes.
In addition, Dhiway launched the Trust in IP (ToIP) Foundation with 26 global organizations led by the Linux Foundation, aiming to create an interoperable architecture for decentralized digital trust. (Techiexpert)
