Weekly Financing Express | 15 projects receive investments, with a total disclosed financing amount of approximately $110 million (7.24-7.30).
According to incomplete statistics from Odaily, a total of 15 blockchain financing events at home and abroad were announced from July 24 to July 30, which was a decrease from last week’s data (24 cases). The total disclosed financing amount was approximately US$110 million. Thats a significant drop from last weeks figure ($240 million).
Last week, the project that received the largest amount of investment was Ethereum infrastructure service Flashbots ($60 million); in addition, decentralized GPU infrastructure Aethir attracted a certain amount of attention with its eye-catching lineup of investors.
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):
Flashbots raises $60 million in Series B funding at $1 billion valuation, led by Paradigm
On July 25, Ethereum infrastructure service Flashbots completed approximately US$60 million in Series B financing at a valuation of US$1 billion. Funds from this round will be used to develop the MEV network SUAVE, a platform that allows users to transact more cheaply and privately on the blockchain.
Flashbots confirmed in an email to The Block that the Series B funding round has been fully subscribed and was funded by “leading venture capital institutions, Layer-2 networks,” angel investors, decentralized exchanges and applications, and MEV Chain participants participate in the investment.
Additionally, a Flashbots spokesperson confirmed to CoinDesk that its Series B funding round was led by Paradigm.
On July 26, Financie, a token issuance crowdfunding service provider, announced the completion of 1.5 billion yen (approximately US$10.8 million) in financing, with TIS Inc. participating in the investment. Financie’s total financing to date has reached 2.8 billion yen (approximately $20.2 million).
It is reported that Financie, Inc. is a token-based community and ecosystem services company. It owns the blockchain-based token issuance crowdfunding service FiNANCiE, NFT business and IEO support business.
On July 27, decentralized GPU infrastructure Aethir announced the completion of Pre-A round of financing, with a total financing amount of more than US$9 million and a company valuation of US$150 million. It is reported that this round of financing is another round of financing after the seed round led by Framework Ventures and Infinity Ventures Crypto. This round is led by institutions such as Sanctor Capital, Hashkey, Merit Circle and CitizenX, Mirana Ventures, Animoca Brands, Momentum 6. Big Brain Holdings, Builder Capital, Tess Ventures, Maelstrom (Arthur Hayes) and others participated in the investment.
The new funds will be used for global business expansion in key markets such as Southeast Asia, Latin America and North America, and to strengthen technology research and development and application innovation support.
It is reported that Aethir is a pioneer company in elastically scalable decentralized cloud infrastructure (DCI) with global coverage, aiming to solve the challenges faced by the cloud industry by providing scalable and secure cloud services to meet the needs of global gaming and artificial intelligence. company needs.
On July 27, EthStorage, an Ethereum second-layer network data storage solution project, completed a $7 million seed round of financing at a valuation of $100 million. This round of financing was led by dao 5, with participation from SevenX Ventures, Foresight Venture, DragonRoark, Cloud Nine Capital, Avant Blockchain Capital, Future Money Group, Gate Ventures, Vitalbridge, Galxe, GeekCartel, Rebase D. Ventures, W 3.Hitchhiker and other angels Investors are waiting to participate.
EthStorage is a second-layer solution that provides programmable dynamic data storage based on Ethereum data availability technology. The team has twice received funding from the Ethereum Foundation Ecosystem Support Program (ESP) for data availability sampling. Research and proof of dynamic data storage in layer 2 networks.
Crypto hardware maker Fabric Cryptography raises $6 million, led by Metaplanet
On July 25, cryptocurrency hardware manufacturer Fabric Cryptography announced the completion of a $6 million Pre-Seed round of financing, led by Metaplanet, with participation from Nil Foundation, Inflection, Novawulf and Era.
Fabric Cryptography co-founder and CEO Michael Gao declined to provide valuation information for this round of financing, only revealing that the chip it is designing has indeed received an order worth US$50 million and has signed contracts with potential buyers worth approximately US$10 million. Billion dollar transaction letter of intent.
Passage completes US$6 million in financing, led by Akash Network
On July 27, Passage tweeted that it had completed US$6 million in financing, led by Akash Network, with participation from Druid Ventures, Vitwit, Cosmostation, Hyperchain Capital, Chorus One, Cogient Ventures and others. Passage will use the funding to further develop its social tools and build enterprise solutions and AI integrations.
On July 25, Web3 game Delabs Games announced on Twitter that it had completed a $4.7 million seed round of financing, led by Hashed, with participation from The Spartan Group, Planetarium, Polygon Labs and Merit Circle.
Delabs Games said it has been developing the Rumble Racing Star, Space Frontier and Metabolts games since 2021.
The team said it is developing a free game that Web2 players can participate in without knowing anything about NFTs, wallets or cryptocurrencies. In addition, the game provides a convenient login process to easily guide players into the Web3 realm.
On July 25, Releap Protocol, the Sui ecological decentralized social graph protocol, announced on Twitter that it had completed US$2.1 million in financing from Sui Foundation, GBV Capital, Big Brain Holdings, Shima Capital, Arweave Foundation, Assembly Partners, D Web3 Capital, Impossible More than 30 venture capital institutions and angel investors, including Finance, Solar Eco Fund and MoveBit, participated in the investment.
Releap Protocol has currently launched a social-focused ecosystem in beta to promote developer and user growth. Next, Releap Protocol will focus on expanding coverage and including more Web3 users.
On July 25, the crypto fantasy GameFi project Kandle.xyz announced the completion of a $1.7 million seed round of financing, led by Saama, with participation from PointOne Capital, Cloud Capital, Good Capital, Founders Room, Seeders Fund, and CoinDCX CEO Sumit Gupta.
The new financing will be used to further develop the platform and expand its user base, featuring its flagship product, Crypto Fantasy Leagues. This is a game that allows players to choose cryptocurrencies as battle tokens and compete against other players in portfolio battles.
It is reported that Kandle.xyz plans to release a project roadmap regarding token issuance, token utility and P2E models.
Conic Finance closes $1 million in funding at $17 million valuation
On July 30, Conic Finance tweeted that it had completed $1 million in financing at a valuation of $17 million, invested by Curve founder Michael Egorov. The financing will be used for Conic development work and, in particular, to pay for the upcoming audit.
On July 29, Oumla, a Saudi blockchain infrastructure optimization platform, recently announced the completion of a Pre-Seed round of financing, led by Riyadh venture capital firm Core Vision. The specific financing amount was not disclosed.
Oumla helps developers build applications on the blockchain more easily by building APIs and SDKs. It currently supports Bitcoin, Ethereum and Polygo chains, and is expected to support Avalanche, BNB Chain, Solana and other chains in the coming months.
On July 27, pet-nurturing metaverse project The Animal Age recently completed a seed round of financing. This round of financing was led by Spark Digital Capital, with participation from Angelist, Alumni Venture, Kraken, Vega Venture, Celo Stellar, Founders Fund, etc. The investment amount has not yet been disclosed. The funds from this round of financing will be used for product research and development, community building and expanding its global team.
On July 24, according to official news, the multi-chain Web3 infrastructure Dmail Network announced the completion of Pre-A round of financing, including Amino Capital, OIG VC, Draper Dragon, KuCoin Labs, HG Ventures, Spark Digital Capital, Bixin Ventures, Wagmi Ventures, Gate Labs, Kretos Ventures and Red Swiss also participated in the investment.
According to reports, Dmail Network aims to provide unified, real-time messaging and notification services across multiple chains and applications. Its mission is to keep users informed and connected in an evolving digital environment, ensuring easy and seamless access to data and information.
On July 24, digital asset Launchpad 2 MR Labs announced the completion of a new round of financing, led by Heliconia Capital, a subsidiary of Temasek, with participation from Plug and Play APAC, The Assembly Place, PG and LucidBlue Ventures. The specific financing amount has not yet been disclosed.
2 MR Labs will use the new financing to support enterprises in their Web3 technology transformation through Launchpad. Currently, it has reached strategic alliance partnerships with cold wallet provider UKISS Technology, Web3 gaming platform MetaOne, and global entrepreneurship and innovation platform Plug and Play APAC.
Music project Hibiki Run completes $1 million in seed round financing
On July 24, the music project Hibiki Run tweeted that it had completed a million-dollar seed round of financing, with participation from Synergis Capital, NEAR Foundation, BitMart, String Capital, Gravity Venture Capital, Yi Lu, FutureMoney Group, and AAG Ventures.
