Weekly Financing Express | 13 projects receive investment, total disclosed financing amount is approximately $61.2 million (8.7-8.13)
According to incomplete statistics from Odaily, a total of 13 blockchain financing events at home and abroad were announced from August 7 to August 13, which was unchanged from last week’s data (13 cases). The total disclosed financing amount was approximately US$61.2 million, which was higher than last week’s data (13 cases). Last weeks figure ($88.37 million) was down.
Last week, the project that received the most investment was crypto accounting and tax startup Node 40 ($12 million); Web3 security companies Cube 3.ai and SphereX followed closely (both $8.2 million).
The following are specific financing events (Note: 1. Ranked according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a traditional company whose business involves blockchain):
Crypto accounting and tax startup Node 40 raises $12 million led by Card 1 Ventures
On August 12, crypto accounting and tax startup Node 40 announced the completion of $12 million in financing, led by Card 1 Ventures. The new financing will be used to accelerate the development of its tool products and expand its IT team, while also strengthening its cooperation with regulatory authorities.
According to reports, Node 40 mainly provides enterprise-level digital asset accounting and tax services for large investment advisory management companies to ensure that relevant reporting, evidence collection, auditing and tax accounting information meet the requirements of regulatory agencies.
On August 9, Web3 security startup Cube 3.ai completed a $8.2 million seed round of financing, led by Blockchain Ventures, with participation from Dispersion Capital, Symbolic Capital, Hypersphere Ventures, ICLUB and TA Ventures.
Cube 3 intends to use the funds to expand the platform to enhance the security of Web3 and educate the community about transaction security risks and vulnerabilities. This funding will be used to continuously improve our existing products and develop new ones to keep builders safe from ever-changing Web3 security threats, said Cube 3 founder and CEO Einaras Gravrock.
Web3 security company SphereX completes $8.2 million in financing, led by Aleph
On August 9, Web3 security company SphereX completed US$8.2 million in financing at a valuation of US$24 million. Aleph led the investment, with participation from Pillar VC, Fabric Ventures and Mensch Capital Partners.
On August 12, DeFi yield protocol Affine announced a total financing of US$7 million from Coinbase Ventures, Circle Ventures, Jump Crypto, Hack VC, FJ Labs, Shima Capital, GFC, Propel VC, Spartan Group, Dexterity Capital, Eniac Ventures , Genesis Block, Asymmetric, and AlphaLab Capital participated in the investment.
Additionally, Affine stated that whitelist allocations will open soon.
Spearbit Closes $7M Funding Round Led by Framework Ventures
On August 10, security audit company Spearbit completed US$7 million in financing, led by Framework Ventures, with participation from Nascent, 1kx, Volt Capital, Breed VC and Robot Ventures. The funds will be used to build Cantina (a platform for Web3 security auditors market) and hire more software engineers to automate service and product market workflows.
Spearbit previously raised $1.5 million in pre-seed financing in late 2021, bringing its total capital raised to $8.5 million.
Spearbit will launch two products in the near future: Cantina Managed Service and Cantina Guilds.
On August 10, Xverse, a Bitcoin Web3 wallet that supports Ordinals and BRC-20 protocols, announced the completion of a $5 million seed round of financing, led by Jump Crypto. Other participating investors include RockawayX, Sfermion, Newman Capital, Alliance, NGC Ventures, V3ntures, Old Fashion Research, 2140 Bitcoin Ecosystem Fund, Bitcoin Frontier Fund, Franklin Templeton, New Layer Capital, Miton C, Gossamer Capital, Daxos Capital, Sora Ventures, Tyhke Block Ventures, IOBC Capital, and Despreadl and strategic angel investors.
Ken Liao, founder and CEO of DeFi, Stacks, Lightning Network, and other scaling solutions.
On August 12, Web3 advertising startup HypeLab completed a $4 million seed round of financing, with Shima Capital and Makers Fund co-leading the investment. Other specific financing information has not yet been disclosed.
LSD protocol unshETH completes $3.3 million in seed round
On August 8, LSD protocol unshETH announced the completion of a US$3.3 million seed round of financing, with participation from Soma Capital, ICONIQ Growth, The LAO, Backend Capital, Electric Feel Entertainment Ventures, MH Ventures, 300 DAO and Jai Prasad.
On August 9, the multi-signature wallet MPCVault disclosed for the first time that it completed a US$3 million seed round of financing in March last year. Participants included Fenbushi Capital, Tess Ventures, Youbi Capital, and individual investors included Renren founder Chen Yizhou. , Ye Shuhong, former chief financial officer of Meituan.
On August 7, D 8 X, a perpetual contract DEX protocol on Polygon, completed a pre-seed round of financing of US$1.5 million, led by Polygon Ventures.
OKX Ventures Invests $1M in Web3 Startup Moonbox
On August 7, OKX Ventures announced an investment of US$1 million in Moonbox, a Hong Kong-based startup focusing on artificial intelligence (AI) technology and Web3.
On August 10, Web3 infrastructure provider Zeeve announced that it has received a strategic investment of US$1 million from ExpertDojo VC.
Zeeve provides enterprise-grade infrastructure and code-free Web3 infrastructure solutions, currently supporting 45 blockchain protocols, which can help traditional enterprises transition to the Web3 ecosystem and reduce deployment costs and time.
On August 7, Singapore-based blockchain gaming company Digital Entertainment Asset (DEA) announced the completion of a new round of financing, with participation from KDDI Open Innovation Fund III, a subsidiary of Tokyo-based investment fund Global Brain Corporation (KDDI).
Funds from this round of financing will be used to integrate relevant games into KDDI’s “αU” metaverse, provide gamers with an immersive experience that blends real and virtual worlds, and seek more Web3 business partnerships.
