According to incomplete statistics from Odaily Planet Daily, there were 32 blockchain financing events at home and abroad announced from April 29 to May 5, which was a decrease from last weeks data (29). The total amount of disclosed financing was approximately US$168 million, which was an increase from last weeks data (US$194 million).
Last week, the project that received the most investment was asset tokenization company Securitize ($47 million); RWA market Ironlight followed closely behind ($12 million).
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and MA events; 3. * indicates a traditional company whose business involves blockchain):
On May 1, Securitize, a real-world asset tokenization company, completed a $47 million financing, led by BlackRock, with participation from Hamilton Lane, ParaFi Capital, Tradeweb Markets, Aptos Labs, etc. Securitize will use the proceeds from this round of financing to accelerate product development, expand its global footprint, and further strengthen its partnerships in the financial services ecosystem. Joseph Chalom, BlackRocks global strategic ecosystem partnership director, has been appointed to the Securitize board of directors.
On May 2, RWA market Ironlight completed a $12 million financing round, with individual investors with Wall Street backgrounds participating in the investment. The specific investor information has not been disclosed yet.
On May 3, Mirrors parent company Reflective Technologies Inc. revealed that it had raised $10 million from Electric Capital, with additional support from a16z crypto, Union Square Ventures and Variant to develop a new product, Kiosk.
Cryptocurrency accounting firm HT completes $10 million financing, led by Orbs
On April 30, cryptocurrency accounting firm Harris and Trotter Digital Assets (HT) announced the completion of a $10 million strategic financing led by Orbs, with participation from Re 7 Capital and Kingsway Capital. This round of financing was in the form of priced equity financing, valuing HT at $85 million.
Swiss tokenized asset issuer Backed completes $9.5 million financing, led by Gnosis
On April 30, Swiss tokenized asset issuer Backed announced the completion of a $9.5 million financing round, led by Gnosis, with participation from Exor Seeds, Cyber Fund, Mindset Ventures, Stake Capital Ventures, Blockchain Founders Fund, Blue Bay Capital and Nonce Classic. This round of financing will help Backed accelerate its private token issuance services and introduce more asset management companies to the blockchain.
Cross-chain DeFi protocol EYWA completes $7 million seed round of financing, led by Curve founder
On May 3, the cross-chain DeFi protocol EYWA completed a $7 million seed round of financing, led by Curve Finance founder Michael Egorov, with participation from Fenbushi Capital, GBV Capital, Big Brain Holdings, Marshland Capital, Mulana Capital and others.
Modular liquidity protocol Mitosis completes $7 million financing, led by Amber Group
On May 2, modular liquidity protocol Mitosis announced the completion of a US$7 million financing round, led by Amber Group and Foresight Ventures, with participation from Big Brain Holdings, Folius Ventures, Citizen X, GSR, Cogitent Ventures, No Limit Holdings, Digital Asset Capital Management, Pivot Global, Everstake, and a group of angel investors.
On April 30, X10, a UK-based cryptocurrency trading platform, announced that it had completed a $6.5 million financing round, with Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware and Cyber Fund, as well as a group of angel investors participating in the investment.
On May 3, in addition to acquiring Web3 content publishing platform Mirror, Web3 content publishing platform Paragraph also announced the completion of a $5 million financing round, with participation from Union Square Ventures (USV) and Coinbase Ventures. Paragraph founder Colin Armstrong will serve as CEO, and Mirror founder Denis Nazarov will serve as an advisor.
Web3 wine marketplace Baxus completes $5 million seed round led by Multicoin Capital
On May 1, Web3 wine marketplace Baxus announced the completion of a $5 million strategic round of financing, led by Multicoin Capital, with participation from Solana Ventures, Narwhal Ventures, FJ Labs, and a group of angel investors.
On April 30, Celestia ecosystem liquidity staking protocol MilkyWay completed a $5 million seed round of financing, led by Binance Labs and Polychain Capital, with participation from Hack VC, Crypto.com Capital and LongHash Ventures.
On May 1, crypto voting service platform Agora announced the completion of a $5 million seed round of financing, led by Haun Ventures, with participation from Coinbase Ventures, Seed Club Ventures, and Consensys Ventures.
On May 3, the multi-signature non-custodial platform Volta announced the completion of a $4.1 million seed round of financing, with Fika Ventures, Haven Ventures, Soma Capital, Dispersion Capital, and Uphonest Capital participating in the investment. The new funds will be used to accelerate the construction of self-custodial solutions.
On April 29, cryptocurrency trading ecosystem LazyBear announced the completion of a strategic financing of 4 million USDT, with participation from Gogeko Labs, DWF Labs, Shadow Labs, Salad Labs, Bees Network, REI Network, IBIT, Crypto Bullish, SYNBO Protocol, Bazaars, Sypool, Bitcoin Gbox, GemX Crypto, Wikibit, etc. It is reported that LazyBear is a cryptocurrency trading ecosystem for retail traders.
On May 2, according to official news, the Web3 content distribution platform Metale Protocol recently announced the completion of a $2 million seed round of expansion financing. As of now, its total seed round financing amount has reached $4 million.
On May 4, Airstack, a developer of on-chain data API, announced the completion of a $4 million seed round of financing, led by Red Beard Ventures, with participation from SuperLayer, Polymorphic Capital, Superscrypt, Hashed Emergent, Delta Blockchain Fund, CSP DAO, NGC Ventures, Primal Capital, Kyber Ventures, Resolute Ventures and others. The specific valuation information has not been disclosed yet.
DeFi protocol Amphor announces completion of $4 million seed round
On May 5, Amphor, a DeFi protocol incubated by hedge fund MEV Capital, announced the completion of a $4 million seed round of financing, with more than 80 angel investors in the crypto industry participating. The project aims to use algorithms and on-chain technology solutions to simplify ordinary investors investments in the DeFi field. Its specific valuation data has not been disclosed yet. The new funds will be used to expand the team, build its technology stack, and expand other blockchain networks.
Web3 game company Games for a Living completes 500 million yen financing
On May 2, according to Japanese media reports, Web3 game company Games for a Living completed a 500 million yen (about 3.3 million US dollars) financing. Investors include Supercell, the game company behind the mobile strategy game Clash of Clans, and angel investors such as Mitch Lasky.
On April 30, Web3 gaming company GFAL completed a $3.2 million seed round of financing, with participation from Supercell and Mitch Lasky.
GFAL launched the GFAL token in the first quarter of 2023, raising $4.4 million in funding, and its token market value is currently $52 million.
On April 30, Holograph, the LayerZero ecosystems full-chain NFT protocol, announced the completion of a $3 million strategic financing led by Mechanism Capital and Selini Capital, with participation from Northrock Capital, Arca, Courtside Ventures and Hartmann Capital under Hal Press. To date, Holograph has raised a total of $11 million.
On April 30, the game NFT integration protocol STYLE Protocol announced the completion of a US$2.5 million seed round of financing, with Morningstar Ventures, Dutch Crypto Investors, GBV Capital, Protocol Labs, Alpha Ventures and others participating in the investment.
Blade Games Completes $2.4 Million Seed Round Led by IOSG Ventures and PTC Crypto
On May 1, on-chain game studio and infrastructure provider Blade Games completed a $2.4 million seed round of financing. This round of financing was jointly led by PTC Crypto and IOSG Ventures, and participated by Bonfire Union Ventures, Animoca Ventures, Mantle, ForesightX, Formless Capital, Public Works, Puzzle Ventures, K 300 Ventures and others.
On May 4, dynamic modular service platform Crestal announced the completion of a $2 million Pre-Seed round of financing, with participation from MH Ventures, Cogitent Ventures, and NxGen. The new funds will be used to accelerate the construction of modular services.
On May 2, Resonance Security, a Web3 integrated cybersecurity service provider, completed a $1.5 million Pre-Seed round of financing, led by Arca, Fabric VC, and Blockchain Founders Fund. The new financing will be used to further accelerate expansion.
On May 2, according to official news, the on-chain social application Popset announced the completion of a US$1 million Pre-Seed round of financing, led by Izun Partners, with participation from angel investors such as PunkDAO, Michael Shaulov of Fireblocks, and Patricio Worthalter of POAP.
On April 30, Chakra, a Bitcoin re-staking protocol based on zero-knowledge technology, announced on the X platform that it had completed a new round of financing, with participation from StarkWare, Bixin Ventures, Cogitent Ventures, Trustless Labs, etc. The specific amount and valuation information have not been disclosed yet.
On April 30, TNA Protocol announced the completion of its first round of financing, with participation from MH Ventures, Cogitent Ventures and CSP DAO. The specific amount of financing has not yet been disclosed.
It is reported that TNA is a domain name protocol for Bitcoin that aims to improve its usability and expand the range of its assets and primitives.
DWF Ventures announces investment in blockchain game studio Overworld
On May 2, DWF Ventures announced on the X platform that it had invested in the blockchain game studio Overworld. According to it, Overworld recently announced plans to launch a new NFT series, in addition to the Overworld Arena.
On May 2, multi-chain liquidity re-pledge protocol Bedrock announced the completion of a round of financing, which aims to accelerate the development of its liquidity re-pledge solution and drive its further growth. The round of investment was led by OKX Ventures, LongHash Ventures and Comma 3 Ventures, with participation from Waterdrip Capital, Lbank Labs, Amber Group, ArcheFund, Whale Ground and angel investors including Babylon co-founder Fisher Yu.
TRALA LAB Completes Strategic Funding Round, Animoca Brands Joins
On May 2, TRALA LAB announced that it had completed a new round of strategic financing, with Animoca Brands participating in the investment. The specific financing amount and valuation data have not been disclosed yet. TRALA LAB is a subsidiary of Joycity, a listed game company in South Korea. After receiving investment from Animoca Brands, the two parties will cooperate in the global Web3 GameFi field. It is reported that TRALA LAB plans to focus on building a long-term sustainable gaming platform and plans to connect a series of AAA-level global game IPs on zkSync.
AILayer announces completion of new round of financing, with MH Ventures participating
On May 2, according to official news, EVM-compatible Bitcoin L2 AILayer (formerly AINNLayer 2) announced the completion of a new round of financing, with MH Ventures participating, but the specific amount was not disclosed. It is reported that the two parties will work together to build a Bitcoin Layer 2 solution to provide a good experience for users and developers.
On May 3, New Jersey-based blockchain infrastructure company Balcony announced the completion of its Pre-Seed round of financing, with Avalanche Blizzard Fund participating. The specific amount and valuation information have not yet been disclosed. The new financing will be used to expand operations and development work.
