According to Odaily’s incomplete statistics, there were 36 domestic and overseas blockchain financing incidents announced during the week from September 20th to September 26th. The total amount of financing of 2.317 billion U.S. dollars has increased significantly compared with last week (about 520 million U.S. dollars).
The following are the specific financing events (sorted according to the announced amount, * is a "traditional" company whose business involves blockchain):
The following are the specific financing events (sorted according to the announced amount, * is a "traditional" company whose business involves blockchain):
Sorare, a digital football NFT collection platform, announced the completion of Series B financing of US$680 million, with a post-investment valuation of US$4.3 billion, led by Softbank, Atomico, D1 Capital, Bessemer Ventures, Eurazeo, IVP, Hillhouse, Liontree, Accel, Benchmark, Headline, Professional soccer players Gerard Piqué, Antoine Griezmann, Rio Ferdinand and César Azpilicueta among others participated in the vote. The platform plans to use the financing to help it expand into other fantasy sports arenas, recruit, launch marketing campaigns with partners and athletes, and open its first U.S. office.
Bitcoin mining company Genesis Digital Assets announced the completion of US$431 million in strategic financing, led by Paradigm, with participation from NYDIG, Stoneridge, FTX, Ribbit, Electric Capital, Skybridge, and Kingsway Capital. Meanwhile, Paradigm co-founder Matt Huang joined the Genesis Digital Assets board. Genesis Digital Assets will use the new funds to expand its bitcoin mining operations on clean energy.
Dapper Labs completes $250 million in financing led by Coatue, with a valuation of $7.6 billion
Dapper Labs, an NBA Top Shot development company, completed a $250 million financing, led by Coatue, with participation from Andreessen Horowitz (a16z), GV (formerly Google Ventures), and Version One Ventures. Dapper Labs is valued at $7.6 billion, according to people familiar with the matter. This round of financing will be used to expand the NBA Top Shot business and open up new sports globally.
Additionally, Dapper Labs announced a partnership with Spanish professional football league LaLiga and launched a soccer marketplace on Flow that will feature digital collectibles from 20 teams, including Real Madrid and Barcelona. (CoinDesk)
DeSo Blockchain Receives $200 Million in Financing Through Token Sale, A16z and Others Participate
The founder of BitClout (alias Diamondhands) revealed his identity as Nader Al-Naji, founder of stablecoin startup Basis, which was shut down in 2018 due to regulatory restrictions. Nader Al-Naji’s New Blockchain Network Decentralized Social (DeSo) Raises $200M in Funding via Sale of DESO Tokens, Andreessen Horowitz (a16z), Sequoia, Social Capital, TQ Ventures, Coinbase Ventures, Winklevoss Capital, Polychain Capital, Pantera Capital , Arrington Capital, Blockchange Ventures, Distributed Global, Blockchain.com Ventures, Hack Ventures, Reddit co-founder Alexis Ohanian and others participated in the investment.
U.S. Power Company Talen Energy Raises $175M to Build Data Centers and Crypto Mining Farm
Talen Energy Corporation("Talen") and its wholly owned subsidiary Cumulus Growth Holdings LLC ("Cumulus Growth") announced that further steps have been taken to leverage and implement Talen's strategic transition to a growth platform for renewable energy and digital infrastructure. Cumulus Growth, through its wholly-owned subsidiary Cumulus Digital LLC (“Cumulus Digital”), has entered into a six-year, up to $175 million strategic capital partnership (“Investment”) with Orion Energy Partners (“Orion”). Orion’s investment will be used to fund public infrastructure for the Cumulus hyperscale data center campus near Talen’s 2.5 GW Susquehanna carbon-free nuclear power plant, as well as Nautilus Cryptomine, Talen’s previously announced bitcoin mining joint venture with TeraWulf. Upon closing of the transaction, Orion will provide up to $125 million in funding and an additional $50 million once agreed milestones are met.
Blockchain infrastructure company Blockdaemon completed a $155 million Series B round of financing at a valuation of $1.3 billion, led by SoftBank Vision Fund 2, Matrix Capital Management, Sapphire Ventures, Morgan Creek Digital, Boldstart Ventures, Goldman Sachs, Greenspring Associates, Kenetic, Kraken Ventures, Borderless Capital and others participated in the investment. The company said it will use the funds to expand its teams in Singapore, Japan, the UK and Germany, as well as make strategic acquisitions that will allow it to build out its technology stack. (CoinDesk)
Listed miner Argo Blockchain raises $112.5 million through sale of ADSs
U.K.-listed miner Argo Blockchain said it raised $112.5 million in a U.S. share sale. The company is selling 7.5 million American depositary shares priced at $15 each, with each ADS equivalent to 10 of its U.K.-traded shares. The shares began trading today on the Nasdaq Global Market under the ticker symbol "ARBK."
According to news on September 14, Argo Blockchain will issue American depositary shares (ADS) on Nasdaq, which will raise about 100 million pounds at the current market price. In a statement, the company said it would sell 7.5 million American depositary shares in the planned initial public offering, with each ADS comprising 10 Argo ordinary shares (closed at 131 pence on Monday). (CoinDesk)
Upbit operator Dunamu completes nearly $85 million in financing at a valuation of over $8.6 billion
South Korean exchange Upbit operator Dunamu completed nearly 100 billion won (nearly 85 million U.S. dollars) in financing at a valuation of more than 10 trillion won (approximately 8.65 billion U.S. dollars). Altos Ventures, Hana Financial Investment and Saehan Venture Capital bought existing Dunamu shares from investors including Atinum Investment. Saehan Venture Capital injected 60 billion won into Dunamu, Hana Financial injected 30 billion won, and Altos injected 10 billion won.
Crypto Services Company Ripio Completes $50M Series B Funding Led by Digital Currency Group (DCG)
Encryption service company Ripio has completed $50 million in Series B financing, led by Digital Currency Group (DCG), with participation from Amplo, Draper Ventures, Boost VC, MercadoLibre CEO Marcos Galperin, and Globant CEO Martin Migoya. It is reported that Ripio provides various services, such as wallets and cryptocurrency exchanges. Chief Brand Officer Juan José Mendez said the company intends to use the funding to further develop its products and team, and to facilitate international expansion. (The Block)
Cryptocurrency fund management company One River Digital Asset Management received US$41 million in Series A financing, with participation from Goldman Sachs Group Inc. and Coinbase Global Inc. The two companies acquired a minority stake as part of the Series A round, valuing One River Digital at $186 million. Insurer Liberty Mutual Group Inc. and European family office Infinity Investment Partners participated in the round. Brevan Howard Asset Management co-founder Alan Howard provided seed funding for One River Digital last year.
Singapore time on September 23, 2021, Cobo, a cryptocurrency custody and asset management platform and one-stop technology infrastructure provider, today announced the completion of a $40 million Series B round of financing led by DST Global, A&T Capital and IMO Ventures Lead the vote.
Spanish Exchange Bit2Me Raises $23.9M in Token Sale
Bit2Me, the largest cryptocurrency exchange in Spain, recently launched the Ethereum-based token B2M and raised $23.9 million (20 million euros) through three rounds of token public offerings. (Bitcoinist)
Solana-based DEX Orca raises $18 million led by Polychain, Placeholder, and Three Arrows Capital
Orca, a decentralized exchange based on Solana, announced the completion of a $18 million Series A round of financing, led by Polychain, Placeholder, and Three Arrows Capital, with participation from Sino Global, Collab+Currency, Coinbase Ventures, and Solana Capital. Orca will use the funds from this round of financing to build a capital-efficient and user-friendly automated market maker (AMM) for DEX. (Blockworks)
Blockchain surveillance startup Metrika closes $14M Series A round led by Neotribe Ventures
Metrika, a blockchain monitoring start-up company, received US$14 million in Series A financing, led by Neotribe Ventures, and participated by Coinbase Ventures, Samsung NEXT, Nyca Partners, and SCB 10X. The company previously received $3.7 million in seed round financing, bringing its total funding to date to $17.7 million. Metrika CEO Nikos Andrikogiannopoulos said the round was an equity transaction and as part of the deal, Neotribe Ventures co-founder Swaroop “Kittu” Kolluri joined Metrika’s board of directors.
DeFi project Portal raises $8.5 million, led by Coinbase Ventures
Self-custodial second-tier wallet and Bitcoin cross-chain decentralized exchange (DEX) Portal announced $8.5 million in financing, led by Coinbase Ventures, ArringtonXRP Capital, OKEx Blockdream Ventures, Republic.co, Shima Ventures, LD Capital, Monday Capital, GenBlock, Taureon, Autonomy Capital, Krypital, B21 Capital, Kyl Armour, co-founder of Hedera Hashgraph, Craic Sellars, co-founder of Tether, and Danish Chaudhry, CEO of Bitcoin.com participated in the investment. It is reported that Portal seeks to build a DeFi ecosystem on the Bitcoin blockchain. Portal is based on Fabric technology and aims to deploy an anti-censorship layer on top of the Bitcoin base layer. (Decrypt)
New Street, an Indian blockchain technology company, has completed $4 million in financing. Vittal Kadapakkam, Unitus Ventures, and Mohit Davar, chairman of the International Association of Money Transfer Networks (IAMTN), participated in the investment. New Street operates in India, the UAE and parts of Asia, with plans to expand into the Americas, Europe and Africa. (Business Standard)
Crypterium, an encrypted payment company, announced that it has completed financing of 3.1 million euros through the financing platform Seedrs, with a post-investment valuation of 85 million euros. Almost all of the funding came from European investors, but since less than a third of Crypterium's clients are based in Europe, and investment regulations in Europe prevent non-European investors from participating in the initial funding round, Crypterium plans to conduct a broader round for global investors. invest. There are no details yet on the date of the next investment round, but the Crypterium team has hinted that it will begin this year. The first round of financing will be earmarked for product development and promotion efforts, as well as improving core business areas such as service quality, enhancing product functionality, and helping to expand the global reach of Crypterium's business. (BTC Peers)
Waggle Network, a cross-chain protocol, announced the completion of a $3 million seed round of financing. Investors include (but are not limited to) GBV, SVC, Genesis Block Capital, Basics Capital, Bixin Ventures, NGC, AU21, Gate.io labs, MEXC, HG Ventures and Spark Digital Capital. In addition, Waggle also announced the addition of strategic partners such as Solanium, Occam, and Poolz.finance, as well as media partners Minted Labs, CryptoTimes, Bitcoin Addict, and Bigcoin Vietnam, aiming to build a multi-chain marketplace for strategic token sales. (Yahoo Finance)
Prysm, a social investment platform focusing on cryptocurrencies, DeFi and NFT, completed a $3 million seed round of financing led by North Island Ventures, Polychain Capital, Reciprocal Ventures, Leminscap, CMT Digital, Free Company, Alameda Ventures, Infinite Capital, Flow Ventures, Drops Foundation and others participated in the vote. (CoinDesk)
Mines of Dalarnia announced the completion of $ 2.7 million in financing, the funds are mainly used to strengthen the development and growth of the game. Investors in this round include Crypto.com, Animoca Brands, Coin98, Jump Capital, NGC, Impossible Finance, Kyros Venture, ICO Drops, Bitscale Venture, CryptoJ, Sanctor Capital Venture and others.
Encrypted product development company GFX Labs completes $2.5 million in seed round financing
GFX Labs, an encryption product development company, has completed a seed round of financing of 2.5 million US dollars. The investor information has not been disclosed yet, and it is currently recruiting various positions such as development engineers. Its founders, Eddy and Getty Hill, founded GFX Labs after quitting Grapefruit Trading, a proprietary trading company in Chicago, and are committed to the development of new encrypted products. Currently, there are three initial products: Ethereum, Poppie, and Governance.
Futures Factory, a blockchain-driven digital sneaker market, announced the completion of $2.5 million in financing, with participation from Seedcamp, Stride, Voodoo co-founders, Kima Ventures and RTP Global. Launched last year, the France-based startup is a marketplace for virtual sneakers that users can collect (trade as NFTs) and use on augmented reality platforms like video games, in addition to Virtual sneakers become physical sneakers. By using NFTs and augmented reality to "finance sneaker production," the company hopes to "make the waiting time (for sneaker production) more fun" and "create new interactions between consumers and brands," to Support creators and consumers.
Bitcoin Startup Moon Completes $2.1 Million Financing, Fenbushi Capital and Others Participate
Bitcoin startup Moon completed $2.1 million in financing, Fenbushi Capital, New Form Capital, SBX Capital, Manresa Ventures, Fulgur Ventures, Flight.VC, Bentaus, Block0, Charlie Lee and former Blackstone CTO Bill Murphy participated in the investment. Moon CEO Ken Kruger said the company is using the proceeds to expand into web and mobile apps, allowing accounts from other exchanges (Moon only uses Coinbase for now) to fund the Moon Card, expanding its geographic reach, in addition to In addition to Bitcoin, users can also pay in stablecoins and expand their team of 7 to 10 or 12 in the next few months.
NewsBased on BSC and Polygon, the play-to-earn NFT game Knight War completed $2 million in Series A financing, Momentum 6, x21 Digital, AU21, VBC Ventures, Andromeda Research, Onebit Ventures, Clover Ventures, Basics Capital, Dreamboat Capital, Magnus Capital, DCI Capital, Titan Ventures, K300 Ventures, CoinF Ventures, Alphamoon Capital, AVA Capital, etc. participated in the investment. The funds will be used for game development, marketing and branding activities.
Micro-revenue streaming platform Amasa raises $1.5 million led by Animoca Brands
Xunwei income streaming media platform Amasa announced the completion of US$1.5 million in strategic financing, led by Animoca Brands, OKEx BlockDream Ventures, SkyVision Capital, Spark Digital Capital, Momentum 6, LD Capital, Double Peak, Maeve Ventures, Moonwhale Ventures, Sandeep Nailwal (Polygon ), Gabby Dizon (Yield Guild Games) participated.
News Fuel Labs announced that it has received US$1.5 million in financing. The investment company CoinFund led the investment, and Fenbushi Capital and Origin Capital participated in the investment. It is reported that Fuel Labs is building a decentralized expansion solution, Fuel optimistic Rollup, which utilizes second-layer technology to create a non-custodial, censorship-resistant, and permissionless platform with a unique UTXO design. The Ethereum-based protocol was developed to drastically reduce the cost of high-throughput value transfer transactions. Fuel users can send and receive from any Ethereum address without registration, and fees can be paid in any token, not just ETH. (Businesswire)
SundaeSwap Labs completes $1.3 million in seed round financing led by cFund
Cardano ecological DeFi platform development team SundaeSwap Labs announced the completion of a $1.3 million seed round of financing. The development fund cFund jointly established by Cardano development company IOHK and encrypted asset management company Wave Financial led the investment, and Alameda Research and Double Peak Group participated in the investment. This round of financing will be used to accelerate the development of additional functions of SundaeSwapp DEX. The main product of SundaeSwap Labs is SundaeSwap, a decentralized trading platform using AMM on Cardano, and plans to develop more DeFi platforms on Cardano in the future.
Solana-based Grape Protocol completes $1.2 million seed round led by Multicoin Capital
Based on Solana's "DAO infrastructure" protocol, Grape Protocol has completed a $1.2 million seed round of financing, led by Multicoin Capital, with participation from SkyVision Capital, Definitive Capital, LongHash Ventures, Double Peak Group and Solana Capital. Shortly before this funding round, Grape raised $600,000 through an IDO on Raydium AcceleRaytor.
Multi-asset investment platform eToro commits $1 million to GoodDollar UBI project
Multi-asset investment platform eToro announced that it will strengthen its open digital economy to the next billion global crypto users by increasing its stake in non-profit organization GoodDollar's Universal Basic Income (UBI) project (from $58,000 to $1 million) Promise of. The additional funds will be used to fund GoodDollar's expansion. GoodDollar is a protocol that aims to promote financial education and bridge the widening global gap between rich and poor through the combination of smart contract mechanisms, DeFi and reserve-backed encrypted token G$.
The GoodDollar system obtains income by staking funds provided by sponsors in DeFi protocols (such as Aave and Compound), and distributes them to the global member community in the form of GoodDollar tokens. At the same time, GoodDollar promotes financial education and educates recipients on the benefits of cryptocurrencies. (BTCManager)
According to official news, the A16 Association, which is committed to becoming a propeller of the GameFi industry, has received US$1 million in seed round financing. Investment institutions include Imagination Fund, Collin Capital, Red Chain Capital, Shuimu Weiming, DeFi Seven O’clock Capital, and Northern Capital , Tianshui Capital, Jidou Capital, etc. It is reported that the A16 Association used to be deeply involved in the blockchain trading market in the mainland. At the end of 2020, it will move to Southeast Asia to develop financial games. It has accumulated millions of financial game customer groups in Southeast Asia, especially India and other countries. In the future, it will become the standard configuration of most GameFi games, and the A16 Association expects to transform these millions of user groups into loyal players.
The cross-chain DeFi platform Libre DeFi completed a seed round of financing of US$800,000, led by Marshland Capital, Magnus Digital Assets, Moonrock Capital, Ghaf Capital Partners, Cinchblock, and Raptor Capital. This round of financing will be used to expand the development team and build its ecosystem. The team is focused on making the protocol accessible and user-friendly, while continuously building and adding value to its user base.
Decentral Games, a game-earning platform and metaverse game developer, received funding from the BSC Accelerator Fund. Decental did not disclose the exact amount of funds received. According to a statement from the company, they intend to use the funds to expand their NFT marketplace. (Be in Crypto)
Decentralized exchange Soldex on Solana chain receives investment from CSP DAO
Soldex, a decentralized exchange on the Solana chain, announced that it has signed a strategic investment partnership with CSP DAO. CSP DAO is driven by the community and is committed to providing all investors with fair contribution rights. (Finance Magnates)
Cross-chain decentralized ETF platform MatrixETF receives investment from Gate.io and Solanium
Cross-chain decentralized ETF platform MatrixETF announced that Gate.io and Solanium have become its latest investors.
According to previous reports in August, MatrixETF completed the seed round and private placement round of financing, Spark Digital Capital, CMS Holdings, Morningstar Ventures, Ascensive Assets, Divergence Ventures, GBV Capital, Solana Eco Fund (founded by MXC and OKEX), Moonrock Capital, AU21 Capital Wait to vote. MatrixETF is a next-generation decentralized ETF platform that supports cross-chain. The goal is to establish a decentralized, automated, and diversified ETF portfolio to simplify investors' entry into the encryption market and easily achieve long-term and stable wealth growth. .
Japan's ACG metaverse project Asta Network has completed its seed round of financing, with participation from legendary private equity firms KKR & Co. Inc., CBRE Group, Inc, Global Logistic Properties, and Great Wall Fund. This is KKR's first contact with the metaverse blockchain project since it established a $16 billion fund in Asia last year. ASTA has established an exclusive partnership with well-known ACG IPs such as Naruto, Dragon Ball, Gundam, Saint Seiya, One Piece, and Demon Slayer. In recent years, KKR has invested in companies such as Haier and ByteDance, the parent company of Douyin. (PR News Wire)
German Blockchain Firms coinIX and ISB Invest in XVA Blockchain
German digital asset and blockchain technology investment company coinIX and Rhineland-Palatinate Investment and Economic Development Bank (ISB) are participating in a round of financing for XVA Blockchain. The XVA blockchain provides banks, capital management companies and insurance companies with platform solutions for automating transaction processes and consulting services, including processing smart contracts through the XVA blockchain. According to XVA Blockchain representatives, the company plans to use the financing to further expand its services.
