Weekly Financing Express - 17 projects received investment, with total financing disclosed to be approximately US$170 million (9.18-9.24)
According to incomplete statistics from Odaily, a total of 17 blockchain financing events at home and abroad were announced from September 18th to September 24th, which was a decrease from last week’s data (24 cases). The total amount of financing disclosed was approximately US$170 million. Thats up from last weeks figure ($110 million).
Last week, the project that received the largest amount of investment was the blockchain game startup Proof of Play ($33 million); the encryption startup Bastion also received a wave of attention with its eye-catching financing lineup.
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):
On September 21, blockchain game startup Proof of Play announced the completion of a US$33 million seed round of financing. Greenoaks and a16z co-led the investment, with participation from Balaji Srinivasan, Twitch founders Justin Kan and Emmett Shear, Mercury, Firebase, Zynga and Alchemy. cast.
On September 18, encryption startup Bastion completed a $25 million seed round of financing, led by a16z crypto, with participating investors including Nomura Group’s Laser Digital Ventures, Robot Ventures, Not Boring Capital, etc.
It is reported that Bastion was co-founded by a16z crypto’s former chief technology officer Riyaz Faizullabhoy and chief security officer Nassim Eddequiouaq, and its first employees also include regulatory and compliance executives from cryptocurrency exchanges such as Kraken.
Crypto payment company Mesh completes $22 million in Series A financing, led by Money Forward
On September 22, crypto transfer and payment service startup Mesh (formerly known as Front Finance) completed a $22 million Series A financing, led by Money Forward, Galaxy, Samsung Next, Streamlined Ventures, SNR.VC, Hike VC, Heitner Group, Valon Capital, Florida Funders, Altair Capital, Network VC and multiple angel investors participated.
Mesh will use funds from this round to further develop its deposit, payment and spending tools and support its product go-to-market operations. Mesh’s total funding to date has reached $32 million.
Digital asset startup Fuze completes $14 million in seed round led by Further Ventures
On September 20, a Middle Eastern digital asset startup announced that Fuze had completed a $14 million seed round of financing, led by Abu Dhabi venture capital institution Further Ventures, with participation from Liberty City Ventures, an early-stage venture capital firm in New York.
It is reported that Fuze was established in December 2022 and joined Abu Dhabi’s global technology ecosystem Hub 71 this year. Fuze enables banks, fintechs or businesses to offer regulated digital asset products to customers through native applications. Its white label solutions handle the complexities of blockchain and regulatory fees for businesses, allowing businesses to easily offer digital assets such as stablecoins, cryptocurrencies, CBDCs and tokenized assets.
On September 19, the blockchain medical data exchange platform Briya announced the completion of a US$11.5 million Series A financing, led by Team 8, with participation from Insight Partners, Amiti Ventures, Innocare Health Investments, and the George Kaiser Family Foundation. Briya’s total funding reaches $17 million.
Briyas scalable data exchange platform, which enables hospitals to leverage their patient data, is already in use across healthcare systems and academic institutions, primarily in Europe and Israel.
French cyber insurance startup Stoïk raises $10.7 million, led by Munich Re Ventures
On September 19, French cyber insurance startup Stoïk raised $10.7 million, led by Munich Re Ventures, with participation from Opera Tech Ventures, investors Andreessen Horowitz and Alven. This round of funds will be used for market expansion.
Stoïk reportedly monitors DNS records and scans online databases for password leaks related to the domain name.
On September 19, Jiritsu, a blockchain company focusing on verifiable computing, announced the completion of two rounds of financing totaling US$10.2 million, led by gumi Cryptos Capital, with participation from Susquehanna Private Equity Investments, LLLP, Republic Capital and others.
Jiritsu also today launched its asset tokenization platform, Tomei RWA. The Tomei platform uses zero-knowledge authentication to enable secure and compliant asset onboarding while also providing granular, permissioned data access.
On September 19, Geeiq, a Metaverse data analysis service provider focusing on the fashion field, announced the completion of an $8.2 million Series A round of financing, led by YFM Equity Partners, with participation from GFR Fund and FOV Ventures.
It is reported that Geeiq mainly provides metaverse market data analysis services for brands, and also helps companies obtain customized data analysis functions on metaverse platforms such as Roblox, Zepeto, Decentraland and Fortnite. Its customers include fashion brands such as Gucci and Tommy Hilfiger.
Hybrid crypto exchange GRVT raises $7.1 million at a $39 million valuation
On September 19, hybrid crypto exchange GRVT announced the completion of two rounds of financing totaling $7.1 million at a valuation of $39 million.
GRVT said that its seed round of financing was US$5 million, led by Matrix Partners and Delphi Digital, with participation from ABCDE, Susquehanna Investment Group, CMS Holdings, Hack VC, Matter Labs (zkSync developer), etc.; its Pre-Seed round of financing was US$2.1 million. USD, with participation from 500 Startups, Folius Ventures and others.
It is reported that GRVT aims to provide the efficiency of a centralized exchange and the self-custody function of a decentralized exchange.
On September 21, the encrypted data analysis platform CoinScan completed US$6.3 million in financing. Shalom Meckenzie, the largest individual shareholder of sports betting company DraftKings (DKNG), Mor Weizer, CEO of betting software development company Playtech (PTEC), and digital asset trading company Tectona (TECT ) participate in the investment.
It is reported that CoinScan aims to provide data for encryption users to help reduce losses caused by vulnerability exploitation, hacker attacks and scams. It has been developed for two years so far.
On September 21, the intent-based encryption infrastructure company Essential completed a $5.15 million seed round of financing, led by Maven 11, Robot Ventures, Karatage, Batuhan Dasgin, Skip, James Prestwich, Brandon Curtis, and Eclipse founder Neel Somani Waiting for participation.
According to the announcement, the core infrastructure Essential is currently building includes an intent standard for Ethereum, a domain-specific language (DSL) for intent expression, and a “fully intent-centric blockchain protocol.”
Web3 creator community Afterparty completes US$5 million in financing, led by Blockchange Ventures
On September 21, Web3 creator community Afterparty completed US$5 million in financing, led by Blockchange Ventures, with participation from Acrew Capital, Act One Ventures and Tamarack Global, Wilson Sonsini and Vinny Lingham. This round of funds will be used for product development and business scope. expand.
It is reported that this strategic growth round of financing brings the total funds raised to US$12 million.
Privacy Layer 1 network Swisstronik raises $5 million in seed round
On September 19, Swisstronik, a privacy Layer 1 network based on Cosmos, announced the completion of a $5 million seed round of financing. Two investors, Constantin and Anton Polianski, have now joined the team as CEO and senior executives.
On September 20, the decentralized information market protocol Freatic completed a US$3.6 million seed round of financing, led by a16z Crypto, Anagram, Archetype, Not 3 Lau Capital, Robot Ventures, Arweave, Stefano Bernardi, Meltem Demirors, Stephane Gosselin, Jutta Steiner , MacLane Wilkison and others participated in the investment.
On September 18, Bubblemaps, a Paris-based startup focusing on blockchain data visualization, completed a US$3.2 million (€3 million) seed round of financing, led by INCE Capital. Other participants included Stake Capital, Momentum 6, Lbank, V3 natures, Ledger’s Nicolas Bacca, Hacken’s Dyma Budorin and French influencer and entrepreneur Owen “Hasheur” Simonin.
The new funding will be used to expand the team and accelerate the companys growth, including hiring more developers and strengthening the companys marketing efforts on social media platforms.
Web3 social application Orb completes $2.3 million in pre-seed round of financing
On September 21, Orb, a Web3 social application based on Lens Protocol, announced the completion of a $2.3 million pre-seed round of financing from Superscrypt, Founders Inc, ArkStream Capital, LD Capital, Foresight Ventures, Aave Companies, Aave Companies, Lens Protocol founder Stani Kulechov and Polygon co-founder Sandeep Nailwal participated in the investment.
Orb is a community-focused Web3 social application with chat and community functions. The chat feature allows users to connect and communicate with friends, while the community feature allows users to join groups with similar interests.
On September 21, BeWater, a decentralized hackathon platform and global open source developer organization, announced the completion of US$1 million in angel round financing. This round of financing was co-led by ABCDE and OKX Ventures, with participation from individual investors such as ScalingX, Galaxy Mercury Asia, Contentos and Blake Gao.
