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Weekly Funding Update | 20 projects secured funding, totaling $278 million (August 25-31)
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Odaily资深作者
@XiaMiPP
2hours ago
This article is about 5023 words, reading the full article takes about 8 minutes
Crypto card issuer Rain announced the completion of a $58 million Series B financing round; Bitcoin startup Portal to Bitcoin received $50 million in financing.

According to incomplete statistics from Odaily Planet Daily, from August 26 to 31, 2025, a total of 20 financing events were disclosed in the global blockchain field, an increase from 13 in the previous week. The total financing amount was approximately US$278 million, a significant increase from US$59.6 million in the previous week.

The largest funding round this week was for crypto card issuer Rain, which announced a $58 million Series B funding round, followed by Bitcoin startup Portal to Bitcoin, which secured $50 million in funding led by Paloma Investments.

The following are specific financing events (Note: 1. Sorted by the amount of funds announced; 2. Excludes fund raising and mergers and acquisitions; 3. * indicates companies in "traditional" fields whose businesses are partially involved in blockchain):

Crypto card issuer Rain completes $58 million Series B funding round, led by Sapphire Ventures

On August 28th, crypto card issuer Rain announced the completion of a $58 million Series B funding round led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, and Lightspeed. Annual spending on Rain-supported credit cards has reportedly exceeded $1 billion.

Bitcoin startup Portal to Bitcoin completes $50 million in funding led by Paloma Investments

On August 28th, Bitcoin startup Portal to Bitcoin secured $50 million in new funding led by Paloma Investments, bringing the project's total funding to $92 million. The funds will support the expansion of the company's BitScaler adapter. BitScaler scales native Bitcoin without the need for wrapped tokens, custodial bridges, or "messaging or other insecure alternatives."

Stablecoin startup M0 completes $40 million financing, led by Polychain and Ribbit Capital

On August 28, M0, a stablecoin infrastructure development startup, completed a $40 million financing round, led by Polychain and Ribbit Capital, with participation from Endeavor Catalyst Fund, Pantera, and Bain Capital Crypto. M0 co-founder and CEO Luca Prosperi declined to disclose the valuation of his startup, but revealed that the company's total financing to date has reached $100 million.

Crypto exchange OrangeX completes $20 million Series B funding round

On August 29th, AInvest reported that crypto exchange OrangeX announced the completion of a $20 million Series B funding round, led by Kryptos and joined by SCI Ventures and other major investors. This follows the exchange's previous $10 million Series A funding round in September 2023, also led by Kryptos and joined by NGC Capital, Phase Capital, and SCI Ventures.

Crypto trading infrastructure aPriori completes $20 million in financing, with participation from Pantera Capital and others

On August 28, aPriori, a startup focused on crypto trading infrastructure, completed a new round of financing of $20 million. HashKey Capital, Pantera Capital, Primitive Ventures, IMC Trading, GEM, Gate Labs, Ambush Capital, and Big Brain Collective participated in the investment, bringing the total amount of financing to $30 million to date. The company uses high-frequency trading to try to reduce many problems plaguing the crypto market, such as excessive spreads and maximum extractable value (MEV) leakage.

Crypto gaming startup PlaysOut is considering raising $15 million at a $150 million valuation

On August 29, gaming technology startup PlaysOut is considering a new round of equity financing, aiming to raise approximately $15 million and its valuation is expected to exceed $150 million.

The Clearing, a new forecasting platform founded by former Polymarket and Kalshi employees, has raised $15 million in funding, led by USV.

On August 28, The Clearing Company, a prediction market platform founded by former Polymarket and Kalshi employees, announced the completion of a $15 million seed round of financing. This round of financing was led by Union Square Ventures, with participation from Haun Ventures, Variant, Coinbase Ventures, Compound, and others.

Hemi completes $15 million in financing, led by YZi Labs and others

On August 26, Bitcoin's programmable layer Hemi announced the completion of a $15 million financing round, led by YZi Labs, Republic Digital and HyperChain Capital, with participation from Breyer Capital, Big Brain Holdings, Crypto.com, DNA Fund, Selini Capital, Protein Capital, Quantstamp and Web 3.com. This round of financing brings Hemi's total financing to $30 million. The new funds aim to build a broader ecosystem.

Decentralized AI verification protocol Swarm Network completes $13 million in financing, with Sui and others participating

On August 27th, Swarm Network, a decentralized AI verification protocol, completed a $13 million funding round, including a $10 million public proxy license sale on the Sui network and a $3 million strategic investment from investors including Sui, Ghaf Capital, Brinc, Y2Z, and Zerostage. Swarm Network plans to use this funding to expand Rollup News functionality and deploy its proxy layer, striving to build real-world information infrastructure for the digital age.

MAGNE.AI, an AI+Web 3 native smart hardware project, has secured $10 million in strategic funding from Castrum Capital and other investors.

On August 27th, MAGNE.AI, an AI + Web 3 native smart hardware project, completed a $10 million strategic funding round, with participation from Castrum Capital, DuckDAO, TB Ventures, and Becker Ventures. The funds will be used to accelerate the development of its L1 + L2 dual-chain architecture, build native Web 3 infrastructure for mobile devices, advance the mass production and optimization of its AI + blockchain security chips, and expand its global market and ecosystem.

Almanak's token sale on the Legion platform has completed, with 4 times oversubscription

On August 27, according to official news, Almanak’s token sale on the Legion platform has been completed, with an oversubscription of 4 times, reaching approximately US$8 million.

According to previous news, Almanak completed US$8.45 million in financing, with Delphi Labs and others participating in the investment.

Blockchain payment infrastructure Kira completes $6.7 million seed round of financing, with participation from Stellar Blockchain and others

On August 26, blockchain payment infrastructure Kira announced the completion of a $6.7 million seed round of financing, with participation from Blockchange Ventures, Vamos Ventures, Stellar Blockchain, Grit Ventures, Credibly Neutral Ventures, Michael Seibel and Oso Trava. The company currently uses the Stellar blockchain to achieve fast and low-cost payment services, currently focusing on the Latin American market, and supporting large enterprises or start-ups to launch embedded financial products.

Metafyed secures $5.5 million in funding to expand the Asian tokenized RWA market

On August 27th, Metafyed, a trading platform dedicated to private lending and RWAs, announced it had secured $5.5 million in funding. The round was led by Block Tides, Positive Venture DAO, Omni Chain Ventures, Chain Valley Capital, and Zero 2 Launch. Metafyed also received incubation and support from Hong Kong Cyberport, Draper, and the Stellar Development Foundation.

Suzaku Completes $1.5 Million in Funding to Expand Avalanche Layer 1 Decentralization

On August 29th, Avalanche announced on its official blog that Suzaku, a decentralized Layer 1 blockchain platform, had secured $1.5 million in funding through a seed round, a public sale, and grants. Avalanche explained that Suzaku is a (re)staking protocol dedicated to helping Avalanche's Layer 1 nodes securely scale and decentralize their validator set.

Prediction platform Trepa completes $420,000 Pre-Seed round of financing, led by Colosseum

On August 26, Trepa, a prediction platform based on the Solana ecosystem, announced the completion of a $420,000 Pre-Seed round of financing. Colosseum, a growth organization launched by the former growth director of the Solana Foundation, led the investment, with participation from angel investors such as Ignight Capital and former Coinbase CTO Balaji Srinivasan. The new funds will support its construction of an accurate prediction platform with economic returns, currently focusing on areas such as macroeconomic signals.

DeAgentAI receives strategic investment from Valkyrie Fund, bringing its cumulative funding to over US$10 million

On August 28, the on-chain AI Agent infrastructure project DeAgentAI announced that it had received strategic investment from Valkyrie Fund, a well-known Silicon Valley venture capital firm, bringing its cumulative financing amount to over 10 million US dollars.

Valkyrie Fund focuses on AI infrastructure, energy, and encryption, and has previously invested in well-known projects such as Chemix, Ferveret, and exaBITS. This financing will help DeAgentAI optimize computing costs and efficiency, accelerating the implementation of AI agent infrastructure.

Tokenization platform Centrifuge receives investment from Republic Digital

On August 27th, Republic Digital, a subsidiary of Republic, announced an investment in Centrifuge, an asset tokenization platform, further strengthening its digital asset and tokenization strategy. Republic is the world's largest online capital formation platform, with over $165 million in assets under management.

Centrifuge specializes in tokenizing financial products and has tokenized over 1,700 assets to date, raising $1.15 billion in funding. Republic did not disclose the investment amount, but said the move reflects its commitment to RWA becoming "the foundation of the next generation financial system."

Cross-border payment infrastructure platform Tazapay completes Series B funding round, led by Peak XV Partners

On August 27, cross-border payment infrastructure platform Tazapay announced the completion of its Series B financing round. This round was led by Peak XV Partners, with participation from Ripple (USA), Circle Ventures, Norinchukin Capital (Japan), and GMO Venture Partners (Japan). Existing investors January Capital and ARC 180 continued to follow up.

Aptos Ecosystem Super App and Executive Platform Panora Completes New Round of Financing

On August 26th, Panora, the super application and execution layer of the Aptos ecosystem, recently completed a new round of financing. This round was led by Frictionless Capital, with participation from Avery Ching, co-founder and CEO of Aptos Labs, and Greg Nazario, Head of Developer Relations and early engineer. Panora is committed to providing efficient and reliable trading infrastructure for the Aptos ecosystem, including DEX aggregation, cross-chain bridging, limit orders, DCA strategies, and developer tools. Aptos will support its technological development and jointly drive further improvements in the performance and scale of the Aptos ecosystem.

YZi Labs announces investment in stablecoin protocol USD.AI

On August 26, YZi Labs announced an investment in the stablecoin protocol USD.AI. The specific amount was not disclosed. USD.AI previously completed a $13 million Series A funding round led by Framework Ventures, with participation from Bullish, Dragonfly, and Arbitrum. Developed by Permian Labs, USD.AI provides loans to AI companies using graphics processing unit (GPU) hardware as collateral. The on-chain system consists of USDai, a dollar-pegged token, and sUSDai, a yield-generating token backed by revenue-generating computing assets.

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