According to incomplete statistics from Odaily, a total of 18 blockchain financing events at home and abroad were announced from November 6 to November 12, which was an increase from last week’s data (12 cases). The total amount of financing disclosed was approximately US$100 million. Thats a big drop from last weeks figure ($660 million).
Last week, the project that received the most investment was distributed AI computing platform Ritual ($25 million); semiconductor company Ingonyama followed closely ($20 million).
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 November 8, distributed AI computing platform Ritual announced the completion of US$25 million in financing, led by Archetype, with participation from Accomplice and Robot Ventures. Ritual’s goal is to create an “incentive network” to power distributed computing devices to support all aspects of artificial intelligence applications.
On November 10, semiconductor company Ingonyama announced the completion of a $20 million seed round of financing, led by Walden Catalyst, with participation from Geometry, BlueYard Capital, Samsung Next, Sentinel Global and others. It is reported that the products of many participating companies rely heavily on zero-knowledge proof technology, including the Israeli company StarkWare.
It is reported that Ingonyama’s first chip is a programmable parallel computing processor similar to a GPU, but designed to accelerate advanced encryption, specifically for zero-knowledge proofs and fully homomorphic encryption. Until the chip is ready, the company is developing open-source software on GPUs to run the same encryption technology efficiently.
On November 10, Almond FinTech, a B2B technology company that connects fiat currencies and digital currencies, announced the completion of a new round of financing of US$7 million. The financing will be used to expand Almond’s operations in Asia, the Americas and Africa.
According to reports, Almond’s proprietary Settlement Optimization Engine (SOE) tracks hundreds of digital currencies and blockchains to determine the best route for international transfers to ensure low cost and high efficiency. Almond recently received SOC 2 Type 1 certification.
On November 10, Latin American digital financial company Galactic Holdings announced that it had recently completed Series A financing, with a total amount of US$6.25 million. The financing was led by Galaxy Interactive and Dragonfly, with participation from SHK and other institutions. The capital injection will further promote the development of Galactic Holdings TruBit wallet, TruBit Pro exchange and Mexican stablecoin MMXN and other sub-brands in the Latin American market, while accelerating the expansion of cross-border payment services in other countries.
On November 6, Llama, an access control and governance platform for smart contracts, announced the completion of a $6 million seed round of financing led by Founders Fund and Electric Capital, with participation from Elad Gil, Sandeep Nailwal, Stani Kulechov, Will Gaybrick, Amplify Partners and FJ Labs. .
It is reported that Llama has launched a full-stack platform to make access control and governance more effective and secure. All major EVM chains are currently online.
On November 10, BondbloX, a Singapore-based compliance exchange for fragmented bonds using distributed ledger technology (DLT), completed a US$6 million Series B financing from Beacon Venture Capital, a subsidiary of Thailand’s Kasikornbank, and original investor Citigroup ( Citigroup) and MassMutual Ventures, Potato Productions, Octava, etc. participated in the investment.
On November 8, the Ethereum expansion startup project Stackr announced the completion of a US$5.5 million seed round of financing, led by Archetype, with participation from a16z Crypto Startup School, Lemniscap, Scalar Capital and others. Angel investors include Sreeram Kanan from EigenLayer, Mustafa Al-Bassam from Celestia Labs and Andrew Keys from Darma Capital.
Stackr is developing Ethereum scaling infrastructure with a focus on micro-rollups, or DApp-specific rollups, designed to help developers launch scalable Web3 applications using Web2 programming languages. Stackr says its modular framework will allow developers to focus solely on the specific logic of their applications while managing the underlying rollups infrastructure.
On November 7, crypto infrastructure Pimlico announced the completion of a US$4.2 million seed round of financing, led by a16z. Pimlico aims to provide gas fee sponsorship, ERC-20 token payment, social recovery plan, batch transactions, spending limits and different Services like account access levels make the crypto user experience easy.
On November 9, DeFi startup Definitive completed US$4.1 million in financing, led by BlockTower and participated by Nascent, Coinbase Ventures, CMT Digital and others. The new funds will be used to create a user-friendly DeFi emerging capital markets platform.
Definitive was founded by three former Coinbase product and engineering staff to provide an execution platform that integrates various protocols, allowing users to trade, access yield opportunities, and automatically monitor the risk level of their holdings.
On November 8, NFT platform Authentick announced the completion of a US$4 million seed round of financing, led by Menyala. The new financing will be used to expand its user base and product range. According to LinkedIn information, Menyala is a venture capital platform founded by Temasek.
It is reported that Authentick’s goal is to allow users to purchase digital collectibles without using a Web3 wallet or entering an exchange.
On November 9, the blockchain real estate investment platform mogul Club announced the completion of a US$3.6 million seed round of financing, led by AY Ventures, Tim Draper Associates, Draper B 1, InterVest, Draper Dragon, Blizzard Fund, and the 43rd U.S. Treasury CEO Rosie Rios and executives from Goldman Sachs, JPMorgan Chase and other companies participated in the investment. To date, mogul Club has raised $4.2 million in total funding.
On November 7, stablecoin startup StablR announced the completion of a 3.3 million euro (approximately $3.5 million) seed round of financing to establish its euro-based stablecoin business; Deribit, Maven 11, Theta Capital, Folkvang and Blocktech participated in the investment, However, its company valuation was not disclosed.
It is reported that StablR began issuing the euro-backed stablecoin EurR on October 12.
On November 8, encryption analysis company Block Scholes completed US$3.3 million in financing, with participation from Record PLC, Investcorp, Dair Capital, Saison Capital, CoinSwitch, FunFair Ventures and others.
Block Scholes launches in 2021, and funds from this round will be used to expand the team and develop the product. Block Scholes said it has provided encrypted data services to institutions such as hedge funds, banks and exchanges.
On November 8, GameFi platform Citadel completed a US$3.3 million seed round of financing. This round of financing was led by 1kx, with participation from Shima Capital, Hashed, Matchbox DAO, Ready Player DAO and several angel investors. Funds from this round of financing will be used to expand the team to continue developing the protocol.
Citadel is currently an Ethereum ecosystem GameFi platform that aims to build a vibrant, persistent world created for players, by players, on an open source modular core platform.
On November 7, payment service provider Due completed a US$3.3 million seed round of financing, led by Semantic and Fabric Ventures, with participation from BlockTower, Speedinvest, Polymorphic Capital, Discovery Ventures and others.
Due is building an international payments platform using blockchain protocols and plans to launch this month.
On November 7, İzmir Token, a fan token concept company in the Turkish crypto community, announced the completion of a new round of financing of 10 million Turkish lira (approximately US$352,000), with Sedart Ocakcı, chairman of Ocakcı Holding, participating in the investment. The new financing will be used to expand business scope.
It is reported that İzmir Token was minted by Batufi Soft on the ERC-20 blockchain network and led by Barış Turgut to provide support for local community life in Izmir, Turkey’s third largest city.
On November 7, Singapore’s blockchain tokenization platform Chintai completed a new round of financing, led by investment company B 1. The specific financing amount has not yet been disclosed. Chintai is an end-to-end blockchain platform with Recognized Market Operator (RMO) and Collective Investment Scheme (CIS) licenses issued by the Monetary Authority of Singapore to operate a securities digital asset market and can create regulated digital assets, including bonds , real estate, funds, carbon credits, etc.
On November 7, Spartan Group announced on the X platform that it would make additional investment in Pendle through off-market channels. “We recognize Pendle’s transformative potential and its critical role in driving advancements in on-chain yield trading,” Spartan Group said.