According to incomplete statistics from Odaily Planet Daily, from July 7 to July 13, a total of 8 financing events were disclosed in the global blockchain field, a decrease of 46.7% from the previous week (15 events); the total financing scale reached US$280 million, a decrease of 63.2% from US$760 million in the previous week.
The highlight of this weeks financing is that Zerohash, a cryptocurrency and stablecoin infrastructure service provider, is raising approximately $100 million at a valuation of nearly $1 billion; in addition, artificial intelligence laboratory Harmonic completed a $100 million Series B financing, becoming the largest single financing case this week.
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):
Cryptocurrency and stablecoin infrastructure startup Zerohash plans to raise about $100 million at a valuation of nearly $1 billion, people familiar with the matter revealed on July 12. Publicly traded online brokerage Interactive Brokers is leading the financing round. The financing follows Zerohashs Series D financing in 2022, when the company raised $105 million from investors including Bain Capital, Nyca and Point 72 Ventures. According to PitchBook data, the Series D financing valued the company at $340 million.
On July 11, artificial intelligence laboratory Harmonic announced the completion of a $100 million Series B financing round, led by Kleiner Perkins, with participation from Paradigm, Ribbit Capital, Sequoia Capital, Index Ventures and Charlie Cheever, with a post-investment valuation of $900 million. Harmonic is currently building software verification and code verification capabilities based on mathematical super intelligence (MSI), which are mainly used in industries such as blockchain and financial services. The company raised $75 million in its Series A financing last September.
Stablecoin startup Agora completes $50 million Series A financing, led by Paradigm
On July 10, stablecoin startup Agora announced the completion of a $50 million Series A financing round led by Paradigm. The company completed a $12 million seed round last year. After this round of financing, Agora hopes to create its own stablecoin AUSD, a cryptocurrency pegged to underlying assets such as the US dollar.
Monad Ecosystem DEX Project Kuru Labs Completes $11.5 Million Series A Financing, Led by Paradigm
On July 7, Kuru Labs announced the completion of a US$11.5 million Series A financing round led by Paradigm. Kuru Labs is a startup building a decentralized exchange on Monad Layer 1, using a “hybrid CLOB-AMM model” to combine automated market maker (AMM) functionality with the central limit order book (CLOB) architecture of traditional exchanges.
NEXBRIDGE and NEXPLACE Complete $8 Million Series A Funding, Led by Fulgur Ventures
On July 9, Bitcoin-native financial infrastructure NEXBRIDGE and NEXPLACE completed an $8 million Series A financing round led by Fulgur Ventures. It is reported that NEXBRIDGE and NEXPLACE currently operate as independent entities, but have the same shareholder group and strategic roadmap, and plan to merge into a holding company after completing the necessary corporate and judicial steps.
On July 11, Web3 gaming platform Remix announced the completion of a $5 million financing led by Archetype, with participation from Variant, Coinbase Ventures, Lemniscap and Zynga co-founder Justin Waldron. Remix was originally named Farcade, and the platform hopes to become a game version of TikTok. Currently, Remix has been launched on Telegram (using TON) and the EVM-based World application. Its main on-chain function is that users can connect their Farcaster and World identities to mini-programs, but the on-chain monetization toolkit is expected to be launched in a few weeks.
On July 9, DeFi asset management protocol Velvet Capital announced the completion of a $3.7 million financing, with YZi Labs, Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindfulness Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, and DWF Ventures participating. It is reported that this fund will provide frictionless portfolio management and trading for funds, DAOs, and individual traders, while promoting its governance and utility tokens.
Crypto OTC settlement platform BridgePort completes $3.2 million seed round of financing
On July 8, the cryptocurrency over-the-counter settlement platform BridgePort completed a $3.2 million seed round of financing, led by Further Ventures, with participation from Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures. The company plans to enhance its collateral and credit capabilities in subsequent updates. The company provides a middleware solution that connects exchanges, custodians, and trading firms. The solution aims to optimize capital allocation and post-trading processes through real-time messaging and collateral management, while addressing issues such as pre-funding requirements, credit risk, and inefficient settlement.
