According to incomplete statistics from Odaily, a total of 26 domestic and overseas blockchain financing events were announced from November 13th to November 19th, a significant increase from last week’s data (18 cases). The total disclosed financing amount was approximately US$300 million, which was higher than last week’s data (18 cases). Last weeks figure ($100 million) was up significantly.
Last week, the project that received the most investment was crypto exchange Blockchain.com ($110 million); fintech company Fnality was close behind ($95 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 15, crypto exchange Blockchain.com announced the completion of a $110 million Series E round of financing, led by British investment management company Kingsway Capital, with participation from Baillie Gifford, Lakestar, Lightspeed Venture Partners and Coinbase Ventures.
The company was reportedly valued at $14 billion after raising an undisclosed amount in a Series D funding round in March 2022. But in this Series E, Blockchain.com is valued at less than half of that $14 billion.
On November 14, financial technology company Fnality completed a US$95 million Series B financing, led by Goldman Sachs and BNP Paribas, with participation from DTCC, Euroclear, Nomura Securities and WisdomTree.
It is reported that Fnality is a financial technology company dedicated to building the tokenization of major currencies that are collateralized by cash held by central banks. Fnality, formerly known as Utility Settlement Coin, is a project that brings cash on-chain to enable delivery-to-pone (DvP) using a shared ledger in wholesale banking.
On November 15, SuperState, founded by the founders of Compound, completed a $14 million Series A round of financing. The company declined to disclose the valuation of this round. The round was led by Distributed Global and CoinFund, with participation from Arrington Capital, Breyer Capital, CMT Digital, Department of XYZ, Folius Ventures, Galaxy Digital, HackVC, Modular Capital, Nascent and Road Capital Management.
Superstate plans to use the funds to build its team and develop private equity funds to allow institutional investors to smoothly enter the crypto world. Specifically, they could offer investors tokenized versions of bonds or other common assets and trade or lend on platforms like Uniswap.
On November 15, digital asset brokerage VersiFi announced that it had received US$10 million in financing from Hunting Hill Global Capital. Martin Garcia, former managing director and co-head of trading and lending at Genesis Global, has joined VersiFi as co-chief executive officer and will lead the digital asset prime brokerage’s expansion into these services.
On November 15, CFX Labs, a US-based financial technology company, just announced the completion of US$9.5 million in financing. Investors in this financing include Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Kraken Ventures, New Form Capital, and Metropolitan Capital Bank Trust participating.
The financing will be used to expand its tokenized cash payment network globally. The network will use the Solana network for money transfers.
On November 14, Web3 K-Pop company Modhaus announced the completion of an $8 million Series A round of financing, led by American venture capital firm Sfermion, with participation from SM Culture Partners, Laguna Investment, KDDI Open Innovation Fund III and Foresight Ventures.
It is reported that Modhaus was founded in December 2021 to form the K-pop girl group tripleS through its NFT voting system. On Modhaus’ COSMO app, fans can purchase NFT photo cards that can be used as voting tokens.
On November 15, 3D generative AI platform Atlas announced the completion of two rounds of financing totaling US$6 million, including US$4.5 million led by 6th Man Ventures (6 MV) and US$1.5 million led by Collab+Currency. Financing, participating investors include a16z Scouting Fund, Contango, Gainels, GFR Fund, New Renaissance Ventures, Square Enix, Wagmi Ventures, etc.
Atlas 3D generative artificial intelligence platform mainly cooperates with Web3 game studios and brands such as Square Enix, Consortium 9, Shrapnel, etc. to create virtual world experiences, helping enterprises to generate based on content creators in video games, virtual ecosystems and XR experiences. Customized assets for IP.
On November 19, the cryptocurrency trading platform OMTrade announced the completion of a US$6 million seed round of financing, with participation from STEPN developer Find Satoshi La, Folius Ventures, Meteorite Labs, Incuba Alpha, KSK Fund (invested by former Japanese football captain Honda Keisuke), etc. .
OMTrade provides innovative copy trading and realigns user income through innovative product features such as same-batch trading, monthly settlement and market-based profit sharing structures.
On November 15, Ethereum Layer 2 project Kinto received US$5 million in financing. Kinto received US$1.5 million in pre-seed investment from Kyber Capital Crypto earlier this year. And recently, it raised another $3.5 million in a round of funding led by Kyber Capital Crypto, Spartan Group, and Parafi. Including SkyBridge Capital, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane and Robot Ventures also participated in this round of financing.
On November 17, game studio Bazooka Tango announced the completion of US$5 million in financing, led by Bitkraft Ventures, with participation from RW 3 Ventures, Sfermion, Foresight Ventures and Builder Capital.
Bazooka Tango is partnering with Immutable to develop Shardbound, an immersive multiplayer game that combines elements of a trading card game (TCG), tactical maneuvers, and digital collectibles. Bazooka Tango will also launch with three new games.
On November 17, Web3 social network platform Sleek received a seed round of financing from Binance Labs with a financing amount of US$5 million and a valuation of US$50 million.
Investors include Binance Labs, Shima Capital, Spartan Group, ArkStream Capital, Symbolic Capital, Market Across, and Big Brain Holdings.
It is reported that Sleek (formerly Chapter X) was launched in April this year. It is a Web3 social platform that helps people connect with each other through cards and Telegram Bot.
On November 17, CreateSAFE, a music creative asset development company based on generative AI, announced the completion of a US$4.6 million seed round of financing, led by cryptocurrency and blockchain investment company Polychain Capital, with Crush Ventures, MoonPay, Chaac Ventures, Unified Music Group and A group of executives from music industry companies participated in the investment.
On November 15, Baton, a blockchain music collaboration protocol development company, announced the completion of US$4.2 million in financing, led by BITKRAFT Ventures, Techstars, Dorm Room Fund, New York University Innovation Venture Fund, Berkley Center for Entrepreneurship, Dark Arts, Franklin Templeton, Harmonic Future and others participated in the investment.
Currently, Baton has built a music collaboration protocol and a mixed media collaboration protocol based on blockchain, aiming to help creators exchange music materials, track intellectual property rights, and obtain corresponding incentives.
On November 16, the decentralized privacy protocol Hinkal Protocol completed US$4.1 million in financing, led by Draper Associates, with participation from Psalion, NGC Ventures, Aquanow, No limit Holdings, Orange DAO, DraperDragon, etc.
On November 16, Union Labs announced the completion of a $4 million seed round of financing, with participation from Galileo, Semantic Ventures, Tioga Capita, Nascent, Lightshift and Chorus Onel. The financing will be used to develop a cross-chain bridge based on ZK technology.
On November 13, according to official news, the decentralized data composable protocol Glacier Network announced the completion of a US$2.9 million seed round of financing, with participation from Foresight X, UOB Venture Management, Signum Capital, Cogitent Ventures and Gate Labs.
According to reports, Glacier aims to create a composable, modular, and scalable Layer 2 data-driven network for large-scale decentralized applications, and promote DApps to create trustless data primitive use cases based on decentralized databases (DDB).
On November 15, Web3 API platform Uniblock announced the completion of US$2.3 million in financing. Participants in this round include Cadenza, Blockchain Founders Fund, Side Door Ventures, AQN, Serafund, Outsider Ventures, and others.
On November 16, Rho Labs, founded by former Copper chief product officer Alex Ryvkin, announced the completion of a $2.2 million Pre-Seed round of financing, led by Speedinvest, with participation from Keyrock, Re 7 Capital, Daedalus Collective and Copper CEO Dmitry Tokarev. .
Rho Labs is building a non-custodial, institutional-grade interest rate derivatives market. It enables secure, transparent on-chain transactions with both crypto-specific rates, such as staking and funding fees, and traditional rates, such as SOFR. In addition to specific crypto rates, Rho Labs will also allow trading at traditional rates such as the Secure Overnight Financing Rate (an alternative to Libor).
On November 17, Artifact Lab completed a $2 million Pre-Seed round of financing, led by RW 3 Ventures and IOSG Ventures, with participation from Raptor Group, Cypher Capital and HerculesDAO. The capital infusion will be used for platform development, team expansion and accelerated growth.
On November 16, Web3 social protocol beoble completed a $2 million Pre-Seed round of financing, with participation from DCG, Samsung Next, HashKey Capital, GBV Capital, Token Bay Capital, and Momentum 6. beoble will use this round of financing to enhance Web3 social user experience and improve platform functions.
On November 15, blockchain game project EthXY announced the completion of a $1.6 million Pre-Seed round of financing, with participation from a16z CSS 23 Accelerator Program, Orange DAO, Pioneer Fund, WWVentures, nonce Classic, Pepper Ventures, Founderheads, Space Whale Capital, MH Ventures, etc. cast.
On November 13, Curve ecological revenue management protocol Napier Finance announced the completion of US$1 million in financing. Curve Finance founder Michael Egorov, two co-founders of Convex Finance C 2 tP and Winthorpe, DeFiLlama co-founder Charlie, B Dash Ventures, FLICKSHOT and others participated in the investment.
On November 14, the modular zkEVM Kakarot launched by Starknet announced the completion of its second round of financing, led by Stake Capital Group and LongHash Ventures, with participation from Eterna Capital, Fenbushi Capital, OKX Ventures, Foresight Ventures, etc. The amount of this financing has not been disclosed.
On November 16, decentralized cross-chain trading platform Kinetix Network announced the completion of a seven-digit strategic financing round led by Factor and Gnosis Chain.
It is reported that this round of financing is for Kinetix to develop on Gnosis Chain.
On November 17, Web3 company BLOCKSMITH announced the completion of the first phase of angel round financing, with participating investors including SBI Group, Headline Asia, J-CAM Corporation, etc. The new financing will be used for product development, research and development, etc.
On November 19, BNBswap posted on the X platform that BNBswap had reached cooperation with Friend 3 and made strategic investment in Friend 3.
It is reported that Friend 3 is a decentralized application that focuses on free pricing for paid groups. It also allows creators to customize the price curvature and supports all social platforms not limited to X (formerly Twitter). Compared with friend.tech, it has made many optimizations in terms of Web3 login, group chat function, price and rate customization, terminal compatibility, privacy protection, etc.