Weekly Financing Express | 24 projects funded, total disclosed financing amount of approximately $122 million (June 19th - June 25th).
According to Odaily incomplete statistics, there were a total of 24 blockchain financing events announced from June 19th to June 25th, slightly more than the previous week's data (20 cases), with a disclosed financing amount of approximately $122 million, slightly lower than the previous week's data ($125 million).
Last week, the project with the highest investment amount was Web3 wallet service provider Galaxy Finance ($30 million); in addition, the Wall Street-backed exchange EDX Markets also attracted significant attention with its impressive lineup of investors; Binance Labs announced the investment project list for its 5th season of incubation programs, with invested projects including Bracket Labs, dappOS, Kryptoskatt, Mind Network, and zkPass.
Below are the specific financing events (Note: 1. Sorted by the disclosed amount; 2. Excluding fund raising and acquisition events; 3. * indicates "traditional" companies in fields related to blockchain):
On June 19th, Web3 wallet platform Galaxy Finance announced the completion of a $30 million Series B financing round, with participation from Hong Kong investment fund BlackPine, Singapore-based crypto investment firm QCP Capital, and US blockchain investment fund Tally Capital. The new funds will be used to improve its products and expand its influence in Southeast Asian markets. The Web3 wallet built by Galaxy Finance can be used to store digital assets such as cryptocurrencies and NFTs. The company previously raised $8 million in a Series A financing round.
Australian Bitcoin mining company Arkon Energy raised $26 million and acquired a site in Ohio, USA
On June 20th, Australian data center infrastructure provider Arkon Energy secured a $26 million investment from Sandton Capital Partners and acquired a site in Hannibal, Ohio, to expand its presence in the United States.
The data center is designed to have a capacity of 100 megawatts, and the company expects its computing power to increase to 3.3 EH/s by the end of 2023. Arkon Energy hopes that the facility can generate predictable revenue by providing server hosting services to Bitcoin mining companies. It is reported that the company uses renewable energy for Bitcoin mining. (CoinDesk)
Fashion metaverse game company DREST raised £15 million in financing
On June 22nd, fashion metaverse game company DREST announced the completion of a £15 million (approximately $19.1 million) financing round, without disclosing specific investors. So far, DREST has raised a total of £30 million.
DREST integrates luxury fashion, beauty, and lifestyle brands with metaverse technology, allowing players to design branded digital clothing on the metaverse avatar and participate in the game. Its user-generated content platform combines gamification with brand marketing, enabling brand merchants to reach a highly engaged audience.
Currently, the fashion brand partners that DREST collaborates with include Breitling, Cartier, Fendi, Gucci, Prada, and Valentino, among others. DREST is exploring the development of Web3 and lifestyle gaming and is expected to enter the development phase within the next 18 months. (PRNewswire)
On June 21st, Singapore-based cryptocurrency payment provider dtcpay (formerly Digital Treasures Center) completed a $16.5 million Pre-A round of financing. It was led by Guo Liangde, Chairman of Pontiac Land in Singapore, with participation from David Tung, former Managing Director and partner at Carlyle Group, Jean-Marc Poullet, Chairman of Burgess Asia, and Tham Sai Choy, former Chairman of KPMG Singapore and APAC.
The funds from this round of financing will be used for product development, strengthening its operational and infrastructure capabilities, and expanding its global influence. (Business Times)
On June 21st, smart contract infrastructure company Neutron completed a $10 million financing round, led by Binance Labs and CoinFund, with participation from Delphi Ventures, LongHash Ventures, Semantic Ventures, Nomad Capital, and others. The funds from this round of financing will be used to advance the development of Neutron's blockchain software and promote ecosystem growth.
It is reported that Neutron launched its mainnet in May. It is a cross-chain smart contract platform that utilizes the Cosmos ecosystem's interchain security feature Replicated Security (RS). Developers can use Neutron to build smart contracts and Dapps. Neutron can interoperate on 51 blockchains connected through cross-chain communication (IBC) in the Cosmos network. (CoinDesk)
On June 22nd, AI-based Web3 search engine Kaito completed a $5.5 million Series A financing round, led by Superscrypt and Spartan, with a valuation of $87.5 million.
Kaito is creating a Web3 search engine based on large language models, and starting from June 20th, gradually opening the beta testing version to 35,000 users on the waitlist. (CoinDesk)
On June 19th, Singapore-based Web3 customer relationship management company Vantient completed a $3.45 million financing round, with participation from Cercano Management (formerly Vulcan Capital), Saison Capital, AC Ventures, and other institutions.
It is reported that Vantient primarily provides on-chain and off-chain customer data aggregation and analysis services for enterprises and Web3 projects to support companies in acquiring, attracting, and retaining their users.
On June 22, cryptocurrency pledging platform Northstake, targeting institutional investors, completed $2.8 million euros (approximately $3 million) financing, with participation from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures, and Delta Blockchain Fund. (CoinDesk)
DeFi infrastructure Earn Network completes $2.7 million seed round financing, led by Shima Capital
On June 21, DeFi infrastructure Earn Network completed $2.7 million seed round financing, led by Shima Capital, with participation from DFG, Jsquare, LD Capital, Cronos Labs, GTS Ventures, Bixin Ventures, ViaBTC Capital, Mars DAO, and Mirana Ventures.
The funds from this round of financing will be used for product development and recruitment. Earn Network has already developed DeFi pledging products and will soon add three categories: borrowing, liquidity pledging, and native re-pledging. In addition, Earn Network will use the new funding to hire more professionals for their expert team, develop the community, and establish new relationships with more foundational layers and projects. (Chainwire)
Blockchain technology company Radius completes $1.7 million financing, led by Hashed
On June 22nd, blockchain technology company Radius completed a $1.7 million Pre-Seed round of financing, with Hashed as the lead investor and participation from Superscrypt, Lambdaclass (Ergodic Fund), and Crypto.com.
It is reported that Radius prevents MEV damage to users by using Practical Verifiable Delay Encryption (PVDE) as a shared sorter, while maximizing the revenue of Rollup. (Chainwire)
On June 22nd, Animoca Brands subsidiary Anichess completed a $1.5 million seed round of financing, with participation from GameFi Ventures, Coin Operated Group, Koda Capital, Bing Ventures, 708 Capital, and Asymmetry Capital. The funds raised in this round will be used for team expansion and the development of decentralized international chess games.
It is reported that Anichess is a community-based free game developed by Animoca Brands, Chess.com, Play Magnus Group, and its Champions Chess Tour. The Alpha version is planned to be released in the first quarter of 2024. (CoinDesk)
On June 20th, DeFi privacy infrastructure Portal Gate completed a $1.1 million seed round financing, led by Apollo Crypto, with participation from UpsideDAO, Greythorn Asset Management, Comma 3 Ventures, Gandel Invest, Rebase D. Ventures, Fork Ventures, Ren Protocol founder, and others.
Portal Gate will use this round of financing to expand its core team and accelerate the launch of privacy pools on the mainnet, with plans to launch in the third quarter. (PRNewswire)
On June 19th, blockchain game Cat Paradise, developed on the basis of TON, completed its seed round financing. The financing round raised nearly $1 million at a valuation of $15 million, with participation from Mask Network, Moon Capital, and other institutions. The company will use this funding to improve its existing on-chain technology, hire more skilled developers, and reach more customers.
It is reported that Cat Paradise is a digital pet breeding game developed by game developer Pluto Games.
NFT project Open Foodie completes $500,000 seed round financing with participation from HashGlobal
On June 21st, NFT project Open Foodie announced the completion of a $500,000 seed round financing, with participation from HashGlobal, StarWin, Bitrise Capital, and Teraland.
Open Foodie is a creativity-driven Web3 cartoon food manufacturing laboratory aimed at pushing forward the future development of the food industry by combining Web2 and Web3 technologies.
On June 20th, EDX Markets, supported by Citadel Securities, Fidelity Investments, and Charles Schwab, officially announced the launch of its digital asset market and completed a new round of financing. Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology participated in the financing. The new funding will support EDX Markets to continue developing its trading platform and consolidate its market leadership position.
The products available for trading on EDX include BTC, ETH, LTC, and BCH. In addition, EDX will launch EDX Clearing later this year to settle matched transactions on EDX Markets.
On June 20th, Binance Labs announced that it has invested in five selected projects of the fifth season of its incubation program, which are Bracket Labs, dappOS, Kryptoskatt, Mind Network, and zkPass.
Web3 infrastructure provider Parfin receives strategic investment from Accenture
On June 20th, according to official sources, Accenture announced through Accenture Ventures that it has made a strategic investment in Parfin, a Web3 infrastructure provider. The specific investment terms have not been disclosed yet.
According to the introduction, Parfin was established in 2019 as a company planning to develop regulated stablecoins. It has now evolved into an infrastructure provider that offers digital asset custody, trading, tokenization, and management tools for financial institutions in Latin America. Parfin is currently developing the EVM-compatible permissioned public chain Parchain, which will enable regulated entities to participate in DeFi and asset tokenization. Marcos Viriato, CEO of Parfin, said the company plans to launch tokens for Parchain in the end of the second or third quarter of this year.
Wintermute Ventures strategically invests in decentralized exchange Vertex
On June 22, Vertex Protocol, a decentralized exchange based on Arbitrum, announced that it has received strategic investment from Wintermute Ventures. The specific amount has not been disclosed.
Vertex Protocol was launched on Arbitrum in April this year. Within less than two months, the total trading volume of its spot and perpetual futures has exceeded 1 billion US dollars.
LBank Labs announces investment in NFT platform Furion
On June 22, LBank Labs announced its investment in Furion. It is reported that Furion is a non-custodial, permissionless NFT utility platform. Users can trade fragmented NFTs in ERC-20 format on the platform and perform operations such as borrowing, spot trading, and contract trading using equivalent ERC-20 tokens.
On June 23, XPLA announced strategic investments from Big Brain Holdings, Play Ventures, and IVC (Infinity Ventures Crypto).
According to the introduction, XPLA is a Layer 1 blockchain based on Tendermint, focusing on innovation in the Web3 gaming field, and optimizing with COSMOS SDK. (Blockchain Reporter)
