According to incomplete statistics from Odaily Planet Daily, there were 35 blockchain financing events announced at home and abroad from May 6 to May 12, an increase from last week's data (32). The total amount of disclosed financing was approximately US$151 million, a decrease from last week's data (US$168 million).
Last week, the project that received the most investment was crypto exchange platform Arbelos ($28 million); followed closely by zero-knowledge cryptography startup Lagrange ($13.2 million).
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and M&A events; 3. * indicates a "traditional" company whose business involves blockchain):
Crypto trading platform Arbelos completes $28 million in financing, Dragonfly leads the investment
On May 8, crypto trading platform Arbelos announced that it had completed a $28 million financing round, led by Dragonfly and participated by FalcolnX, Circle, Paxos, Polygon and Deribit.
Arbelos Markets will focus primarily on derivatives and over-the-counter transactions for institutional participants, providing trading liquidity to companies such as hedge funds and venture capital firms, acting as a counterparty for popular products such as options and futures. This round of financing is expected to close in mid-2023.
Zero-knowledge startup Lagrange completes $13.2 million in financing, led by Founders Fund
On May 8, zero-knowledge cryptography startup Lagrange announced the completion of a $13.2 million financing round led by Peter Thiel’s Founders Fund. Lagrange Labs is a crypto startup based on Ethereum’s EigenLayer re-mortgage platform, focusing on researching zero-knowledge (ZK) proof technology.
On May 9, Web3 game developer Seeds Labs announced the completion of a $12 million seed round of financing, with participation from Avalanche’s Blizzard Fund, Solana Foundation, Krust, Hashkey Capital, UOB Ventures, Signum Capital, IVC and Emoote.
On May 7, Botanix Labs announced that it had received $11.5 million in financing from Polychain Capital, Placeholder Capital, Valor Equity Partners, and a series of angel investors including Andrew Kang, Fiskantes, Dan Held, The Crypto Dog, Domo (founder of BRC 20). The financing will be used to build Spiderchain, a fully decentralized EVM equivalent BTC L2 solution.
Lava Foundation completes $11 million financing, Animoca Brands and others participate
On May 8, the Lava Foundation, which is committed to developing the modular blockchain network Lava, announced the completion of a $11 million financing round, with participation from Animoca Brands, Gate.io Ventures, Coingecko Ventures, Polygon co-founder Sandeep Nailwal, Ash Crypto, CryptoLark, and media Crypto Times Japan, Le Journal Du Coin and The Rollup. It is reported that the Lava mainnet launch and airdrop are expected to take place in the coming months.
On May 7, according to an article published by Coindesk on the X platform, Singapore's Web3 platform Galaxis announced the completion of a $10 million financing round, with Chainlink, Ethereum domain name service ENS, Rarestone Capital, Taisu Ventures, and ENS co-founder Nick Johnson participating in the investment.
On May 8, Owlto Finance, an intent-centric cross-chain interoperability protocol, announced the completion of an $8 million strategic round of financing. This round of financing was jointly led by Bixin Ventures and CE Innovation Capital, and followed by Presto, Hailstone Labs, Skyland Ventures, Blocore, SNZ Capital, BESTO, Kroma, Coinseeker.co, Stratified Capital, X 21 Digital, Maxx Capital, Incubate Fund, GSR, ChainCatcher, etc.
On May 9, UXUY, the next-generation decentralized multi-chain trading platform incubated by Binance Labs, announced the completion of a US$7 million Pre-A round of financing. Binance Labs, UTXO Management (Bitcoin Magazine), JDI Ventures, Bixin Ventures, SWC Global, Matrix Partners, CMS Holdings, Dewhales Capital, Comma 3 Ventures, Satoshi Labs, YBB Capital, GBV Capital, Web3 Vision, Pentos Ventures, NGC Ventures, Alti 5, Metalpha, GSR and others participated in the investment.
On May 10, Bitcoin native application platform Arch completed a $7 million seed round of financing, led by Multicoin Capital, with participation from Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings and Tangent. Arch co-founder Mudano said the structure of this round of financing is a simple agreement for future equity (SAFE) with token warrants.
On May 11, Hong Kong Web 3 music startup Star Nest announced the completion of a $6 million Pre-A round of financing, led by Chuangqi International Limited, a wholly-owned subsidiary of Hong Kong Stock Exchange-listed Guofu Innovation Co., Ltd.
On May 9, Arcium, an on-chain confidential computing project, announced the completion of a $5.5 million strategic round of financing, led by Greenfield Capital, with participation from Coinbase, Heartcore Capital, Longhash VC, L2 Iterative Ventures, Stake Facilities, Smape Capital and Everstake, as well as well-known angel investors such as Solana co-founder Anatoly Yakovenko and Monad co-founder Keone Han. So far, its total financing has reached $9 million. With the new funds, Arcium plans to provide developers and blockchain applications with a trust-minimized and configurable encrypted computing framework.
On May 9, Solana’s on-chain tokenization platform AgriDex announced the completion of a $5 million Pre-Seed round of financing, led by Endeavor Ventures, with participation from African Crops Limited, Oldenburg Vineyards, and Hank Oberoi, a former executive at Goldman Sachs and Citadel.
ZKM Completes $5 Million Pre-A Financing, Led by OKX Ventures
On May 7, ZKM, which is building the second-layer network of Bitcoin, announced the completion of a $5 million Pre-A financing round, led by OKX Ventures, with participation from Amber, Metis Foundation, Crypto.com and other companies. ZKM is a zero-knowledge proof-based network that aims to unify blockchains and create a settlement layer on Ethereum.
On May 8, institutional-grade tokenization solution DwellFi announced the completion of a $3 million seed round of financing, with participation from E1 Ventures, Stanford Blockchain, Hustle Fund, Blockchain Coinvestors and Fortified Ventures.
Bitcoin mining service provider GoMining receives $3 million in funding from Bitscale Capital
On May 8, Bitcoin mining service provider GoMining completed a $3 million financing round, directly invested by Bitscale Capital.
On May 8, the Web3 community-driven gaming ecosystem SlingShot DAO announced that it had completed a $3 million financing round, with Alphabit Fund participating in the investment.
On May 8, Web3 infrastructure company Hemera completed a $2.6 million seed round of financing, led by LIF Capita and Nomad Capitall, with participation from SNZ, Chainlink, ZetaChain founder, Sending Labs, Wish co-founder Danny Zhang, Microsoft senior vice president and artificial intelligence expert Harry Shum and others.
Glacis Labs Completes $2.1 Million Seed Round Led by Arrington Capital and Paper Ventures
On May 10, cross-chain messaging protocol Glacis Labs announced on X platform that it had completed a $2.1 million seed round of financing, led by Arrington Capital and Paper Ventures, with participation from Bitscale Capital, Protagonist, Edessa Capital, and angel investors such as Collion Myers, LukeYoungblood.eth and Steven Kokinos. Valuation information has not yet been announced.
On May 8, Ambient, a decentralized environmental data network project based on Solana, announced the completion of a $2 million seed round of financing, led by Borderless Capital, with participation from Solana Ventures, Parami Investors, Sonic Boom Ventures, Primal Capital and others.
NuLink Completes New Round of Strategic Financing, Total Financing Amounts to US$11.4 Million
On May 8, data privacy solution NuLink officially announced on the X platform that it had completed a new round of strategic financing of US$1.6 million, led by DWF Labs, Poolz and Via BTC, with participation from CheckPush, 0x wilds, Coinvestor, 0x bull, AlphaCapital, MNSTPlatform and AzaVentures.
OKX Ventures leads $1.5 million seed round for Web3 venture studio BlockBooster
On May 8, Web3 venture capital studio BlockBooster announced the completion of its first round of financing of US$1.5 million. This round of financing was led by OKX Ventures, with participation from Conflux Network, Neighbor Fund, IceRiver Venture, Bitcoin Lab and others.
Electron Labs Completes $1 Million Seed Round Extension Financing
On May 8, Electron labs completed a $1 million seed round of financing to build a universal ZK proof aggregation layer for Ethereum. Investors include Polygon founder @sandeepnailwal, Gnosis co-founder @koeppelmann, former Polygon founder @jdkanani, and Avail founder @anuragarjun.
DePIN project MetaPhone completes $1 million in financing, JDI participates in the investment
On May 7, the DePIN project MetaPhone announced the completion of a US$1 million financing, with JDI participating in the investment. Both parties are committed to building the TON DePIN ecosystem, creating a broad decentralized marketing network, and promoting the global adoption of Web3 in various fields.
On May 10, cross-chain liquidity infrastructure company Euclid completed a $600,000 Pre-seed round of financing, led by technology investment company Kahuna Network and angel investor Tomoaki Sato, with participation from angel investors related to Lavender Five, Andromeda and Nibiru.
Multi-chain staking platform StakedGain completes $500,000 seed round of financing
On May 11, the multi-chain staking platform StakedGain announced the completion of a $500,000 seed round of financing. The investor information has not been disclosed yet.
StakeGain currently supports more than 10 blockchains, including EVM-compatible chains and Layer 2 solutions, to help users achieve cross-chain DeFi staking and improve liquidity efficiency.
On May 7, Web3 social network Bondex announced the completion of a new round of strategic financing. DEXT Force Ventures, an ecological investment institution under DEXTools.io, participated in the investment. The specific amount of financing has not been disclosed. It is reported that DEXT Force Ventures will provide Bondex with marketing and business development guidance, and provide access to its DEXTools platform.
On May 7, according to official news, BitTap, the Taproot Assets infrastructure construction project, has completed the Pre-Seed round of financing, led by Waterdrip Capital. The funds raised will be used to develop a decentralized trading platform and non-custodial wallet based on the Taproot Assets protocol.
On May 7, the Scroll ecosystem project PenPad announced the completion of a new round of financing, with crypto investment institution Presto Labs participating in the investment. The specific amount has not been disclosed yet.
On May 8, de (@delabsxyz) announced that it had invested in Liquidium, but the amount of investment was not disclosed.
On May 8, according to official news, payment solution company CityPay.io has completed a new financing, with Tether Operations Limited participating in the investment. The new funds will be used to strengthen its business in Eastern Europe, mainly targeting Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan.
On May 9, Xswap recently announced on the X platform that it had completed a strategic round of financing. The specific amount of financing has not been disclosed. The institutions and investors participating in the investment include P2 Ventures, MH Ventures, Maven Capital, OIG Capital, Cogitent Ventures, WWVentures, ZBS Capital, Pragma Ventures, Zephyrus Capital, Ivan Liljeqvist, Ash Crypto, Gainzy, Satoshi Stacker and Michael Gu.
Bond tokenization platform BlockInvest completes new round of financing, Open Venture participates
On May 10, BlockInvest, a bond tokenization platform backed by French Credit Agricole, announced a strategic investment from Open Venture to expand its tokenization solutions. One of BlockInvest’s existing supporters is Italian Credit Agricole, which is a partner in multiple tokenization initiatives.
On May 10, the decentralized settlement protocol Kima Network announced the completion of a new round of financing, with HVS Ventures participating in the investment. The specific amount has not been disclosed. It is reported that in addition to providing financial support, HVS Ventures will also participate in its operations and strategic development.
Native Bitcoin DeFi protocol DLC.Link completes seed round financing, CGV FoF participates
On May 11, the native Bitcoin DeFi protocol DLC.Link completed its seed round of financing, with CGV FoF participating in the investment. The specific amount and valuation information have not been disclosed yet.
AI-integrated DeFi platform 0x Gen completes strategic financing
On May 12, AI integrated DeFi platform 0x Gen completed strategic financing, with investment institutions such as Principle 68, Bella Protocol, Phoenix Chain, Tensor Investment Corporation and X Labs participating.
IOS
Android