According to Odaily's incomplete statistics, there were 30 domestic and overseas blockchain financing incidents announced from March 6 to March 12, which is a certain decrease from last week's data. obviously increase.
Judging from the amount of financing disclosed last week, gaming startup The Believer Company ($55 million), Web3 application Kresus ($25 million) and cloud infrastructure startup Vantage ($21 million) have received institutional attention.
The following are specific financing events (Note: 1. Ranked according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
The following are specific financing events (Note: 1. Ranked according to the announced amount; 2. Excluding fundraising and mergers and acquisitions; 3. * is a "traditional" company whose business involves blockchain):
On March 8, The Believer Company, a game start-up company founded by former Bitcoin mining company Riot executives Michael Chow and Steven Snow, completed a US$55 million Series A financing led by Lightspeed Venture Partners, a16z, Bitkraft Ventures, Riot Games, 1 Up Ventures, Don Thompson's Cleveland Avenue, Michael D. Eisner's Tornante Company and others participated in the round.
Believer will initially develop original IP, narrative and technical games. The founders of Believer said that it is unlikely to launch any products in 3-5 years. Steven Snow said that the company hopes to use generative AI to do more things, but is not interested in NFT. (Decrypt)
Web3 App Kresus Closes $25M Series A Funding Led by Liberty City Ventures
On March 7, serial entrepreneur Trevor Traina completed a $25 million Series A round for Web3 application Kresus, led by Liberty City Ventures, with participation from JetBlue Ventures, Craft Ventures, Franklin Templeton and Salesforce founder Marc Benioff.
Kresus is not yet available and the website describes it as Part Exchange, Part Wallet and Part Guide. The funds will be used to continue building the app and to facilitate hiring efforts and key partnerships. (The Block)
On March 9, cloud infrastructure startup Vantage announced the completion of a $21 million Series A round led by Scale Venture Partners, with Andreessen Horowitz (a16z), Harpoon Ventures, CloudFlare CEO and co-founder Matthew Prince and Glenn Solomon Participate in voting. The company previously completed a $4 million seed round in 2021.
Vantage co-founder and CEO Ben Schaechter said the company now helps its more than 300 clients manage more than $1 billion in annual cloud costs. These customers include Square, NASA, BuzzFeed, PBS, Ripple, PlanetScale, and Barstool Sports, among others, and currently connect more than 10,000 infrastructure accounts to Vantage. (Tech Crunch)
On March 8, Matchday, a Web3 game interactive entertainment startup, announced the completion of a $21 million seed round of financing, with Messi’s fund Play Time participating. Matchday combines Web3 and mobile games to create a suite of football games licensed by FIFA. Matchday Chief Game Officer Sebastien de Halleux believes that true ownership is important to create a series of new experiences for gamers, hoping to attract hundreds of millions of fans. Web3, the company expects the first game to be released in the second quarter. (fastcompany)
On March 8, Toku, an encrypted salary compliance payment company, completed a financing of 20 million US dollars. Blockchain Capital, Orrick, Alchemy, GMJP, OrangeDAO, Reverie, Quantstamp, Next Web Capital, Protocol Labs founders Juan Benet, Cameron, Tyler Winklevoss and others participated cast.
The company aims to help encryption companies deal with Token-related tax laws for salary distribution. It claims to have created a system in dozens of countries to track encryption-related tax laws and regulations. It currently has 30 customers, including Filecoin Foundation, Gitcoin etc. (Fortune)
On March 9, Proven, a company that provides zero-knowledge proof technology to enable cryptocurrency companies to prove their solvency, completed a $15.8 million seed round of financing, led by Framework Ventures, with participation from Balaji Srinivasan, Roger Chen, and Ada Yeo. (The Block)
On March 9, the decentralized exchange Mauve completed $15 million in financing, with participation from Brevan Howard, Coinbase Ventures, BlueYard Capital, Balderton, Ethereal Ventures, and FinTech Collective.
According to reports, Mauve offers secure self-custody and modular design, as well as all the strict compliance checks of traditional banks and brokerage firms. Mauve will not only have traditional KYC tools built in, but also security features such as geo-fencing, which will prohibit users from countries sanctioned by the United States from using the platform. Mauve will offer trading in assets such as stablecoins and ethereum, but the range of available assets will be determined by the nationality of the client. (Fortune)
Feminine Content Brand Rebel Girls Raises $8M Led by Penguin Random House
On March 7, female content brand Rebel Girls completed $8 million in financing, led by publishing giant Penguin Random House, with participation from Asma Ishaq, Jenny Zhu, Jocelyn Mangan, etc. Rebel Girls announced that it will use the new funds to establish new partnerships And explore the metaverse platform. (kidscreen)
Web3 Art Platform Wild Closes $7M Seed Round Led by Matrix Partners
On March 9th, Web3 art platform Wild completed a $7 million seed round, led by Matrix Partners, with participation from Gwyneth Paltrow, LinkedIn co-founder Reid Hoffman, and Twitch co-founder Kevin Lin. (The Block)
Web3 game studio Redemption Games raises $7 million led by Play Ventures
On March 7th, Web3 game studio Redemption Games announced the completion of a new round of financing of US$7 million. Play Ventures led the investment, and Bitkraft, Merit Circle DAO, Orange DAO, and a group of game industry professionals participated in the investment.
Redemption Games is an independent studio spun off from the mobile game development giant AppLovin. It is currently using blockchain technology, digital collections and artificial intelligence solutions to develop games that can be marketed to the mass market, and will add in the game Web3 elements such as exchange-traded digital assets. (Venture Beat)
On March 9, Cubist, a provider of Web3 development tools, has completed a $7 million seed round of financing, led by Polychain Capital, with participation from Dao 5, Polygon, Amplify Partners, and Axelar. Cubist will use the funds for hiring as well as expanding and promoting its SDK. (The Block)
NFT trading market Coresky completes $6 million in financing, led by PAYSON LEE PRIVATE FOUNDATION
On March 7, Coresky, a community-based NFT trading market, announced the completion of a $6 million Pre-Seed round of financing led by PAYSON LEE PRIVATE FOUNDATION.
Coresky has designed a new business model that drives NFT transactions through Launchpad economics. Users can get "Ticket" by trading NFT on Coresky Marketplace, and then use the Ticket to extract NFT from the primary market asset package provided by Launchpad. Coresky will design a community membership system based on the user's on-chain transaction behavior. Each layer has its own Corecard status, different levels of Corecard will regularly receive different numbers of platform Tickets. (Bitcoin.com)
Decentralized Chat App OpenChat Completes Over $5.5M in Governance Token Sale
On March 8, OpenChat, a decentralized chat application based on the DFINITY internet computer, raised more than $5.5 million in a crowdfunding sale last week.
Its most recent token sale had 2,375 participants, allowing it to purchase OpenChat’s native governance token, CHAT, to form a DAO. After the token sale, the OpenChat team stated that the on-chain messaging platform would be owned and controlled by its community of token holders, rather than a centralized tech company.
New funds raised from the token “decentralized sale” will be held in OpenChat’s DAO Treasury, and token holders will decide how best to utilize them, the team said. The platform will allow users to vote directly on new proposals for upgrades, features, and Treasury fund allocations through the Service Nervous System (SNS), a governance system model used on computers on the Internet. (The Block)
Swiss Bitcoin Platform Relai Completes $4.5 Million Funding Led by ego Death Capital
On March 7, the Swiss Bitcoin platform Relai announced the completion of a new round of financing of US$4.5 million, led by ego death capital, with participation from Timechain, Cabrit Capital, Lightning Ventures, Redalpine, and Fulgur Ventures.
Since its first seed round in 2020, Relai has raised a total of $11.8 million to date. The Relai platform allows retail investors to buy and sell Bitcoin without additional registration, verification, and no deposit restrictions. The platform also allows investors to fully control their funds through a non-custodial Bitcoin wallet. Relai plans to use the new funds to upgrade to the Bitcoin Lightning Network and launch a white-label product. (Tech.eu)
On March 9, Gyroscope, a decentralized stablecoin development company, completed a $4.5 million seed round of financing, co-led by Placeholder and Galaxy, with participation from Maven 11, Archetype, Robot Ventures, and Balancer Labs co-founder and CEO Fernando Martinelli. .
Co-founder Lewis Gudgeon said the funding round closed in January 2022, but Gyroscope is now making it public because the protocol’s codebase is largely complete and is preparing for a full launch. Gyroscope’s stablecoin, called the gyro dollar and codenamed GYD, is non-custodial and designed to be fully backed by reserves. (The Block)
Crypto wallet API Tweed completes $4 million seed round led by Accel
On March 9, Tweed, a startup company dedicated to developing white-label cryptocurrency wallets and payment solutions, revealed that it had completed a $4 million seed round of financing in the summer of 2022, led by Accel, Communitas Capital Partners, Zero Knowledge Venture and angel investors Sorare CEO Nicolas Julia, Mike Vaughan, Ameet Patel and Cristóbal Conde participated in the round.
It is reported that Tweed's API enables Web 2.0 to add Web3 components to its services, and then Tweed's wallet will be compatible with Ethereum, Polygon and Tezos networks. Additionally, Tweed offers payment integration services. (TechCrunch)
Web3 email solution EtherMail closes $4M PreA round led by Tim Draper and Draper Associates
On March 8, EtherMail, a Web3 email solution, completed a $4 million PreA round of financing, led by Tim Draper and his venture capital firm Draper Associates. Tim Draper will join EtherMail's Advisory Board. The funding will be used to drive hiring and market expansion, with EtherMail also working to accelerate the rollout of its single sign-on solution and advertising market solution. (The Block)
On March 7, Tensor, the Solana ecological NFT trading platform, completed $3 million in financing, led by Placeholder, and participated by Solana Ventures, Alliance DAO, Big Brain Holdings, and Solana co-founders Anatoly Yakovenko and Raj Gokal. (Tech Crunch)
Singapore tech startup The GrowHub completes $3 million PreB round
March 9, Singapore-based supply chain trust and traceability technology provider GrowHub announced on Thursday that it has completed a $3 million Pre-B round of financing, with investors including the company's CEO and founder Lester Chan. . The new funding will be used to continue building out The GrowHub's technology offerings and strengthen its technology capabilities as it expands further into the Asia-Pacific region.
GrowHub enables producers and businesses such as food production companies to track consumer behavior and patterns using its proprietary Web3, NFT and QR code solutions, and also facilitates transparent and reliable carbon credit tracking through its SaaS platform. GrowHub's proprietary blockchain technology has secured all listed products in the company's portfolio.
On March 9, the stablecoin issuer ECSA completed a $3 million Pre seed round of financing, with participation from Y Combinator and Arca. (The Block)
On March 10, Aisot Technologies, an AI-based encrypted asset management company, completed a seed round of 1.8 million Swiss francs (approximately US$1.9352 million), led by Haute Capital Partners, Swiss ICT Investor Club (SICTIC) and a group of angel investors. , so far the company's total financing has reached 2.1 million Swiss francs (about 2.2577 million US dollars).
Aisot Technologies mainly helps users provide artificial intelligence-based analysis services for investment portfolios in the stock and encryption markets, using machine learning, data science and quantitative analysis to allow investors to quickly adapt to changing market conditions and investment needs. (finsmes)
Blockchain fashion transparency platform tex.tracer raises €1.5 million seed round
On March 7, tex.tracer, a blockchain fashion transparency platform, announced the completion of a seed round of financing of 1.5 million euros (about 1.59 million U.S. dollars), ROM InWest, HearstLab, Joanna Invests, etc. tex.tracer uses blockchain technology, time and geolocation stamping, and peer-to-peer auditing capabilities to collect reliable verification data from primary sources. (fashion united)
Tonstarter, TON's native Launchpad platform, completes $1.5 million in seed funding
On March 7, Tonstarter, TON’s native Launchpad platform, completed a $1.5 million seed round of financing, with Kingsway Capital, Gate.io, and DWF Labs participating.
Tonstarter, a platform that enables projects to raise funds and build communities, was incubated by First Stage Labs, a venture capital arm in the TON ecosystem. (Cryptonomist)
Nealthy raises $1.3M pre-seed round with participation from DonGeraldo
On March 7, nealthy completed a pre-seed round of financing of US$1.3 million, with DonGeraldo and other angel investors participating. Nealthy said the funds will be used to expand the core team and boost sales and development.
Nealthy processes transactions through blockchain technology and provides index tokens, enabling investors to quickly and worry-free enter the Web3 market. The index tokens "replicate" the traditional ETF structure by storing a variety of virtual assets. In addition, nealthy has also launched the first dynamic blue-chip NFT token "NFTS", which is expected to be released in summer 2023. (einnews)
On March 8, blockchain risk solution Over-C announced the completion of £1 million ($1.1 million) in equity financing, with participation from Ayre Ventures.
It is reported that Over-C provides scalable, single point of failure, time stamp, and privacy risk solutions through blockchain technology. The company also uses machine learning and IoT to provide real-time operational risk data and analytics to predict and prevent potential future risk events. Current partners include Hitachi, ScotRail, Eli Lilly, Savills, Munster Rugby and Belfast Airport. (PRNewswire)
On March 7, Divly, an encrypted tax service startup, announced that it has completed a $400,000 financing round, with participation from DHS Venture Partners, Greens Ventures and YEoS Ventures.
Divly provides convenient cryptocurrency market tax declaration services. It has established partnerships with Coinmotion, Finland's largest virtual currency service provider, and Safello, Sweden's largest cryptocurrency broker. Last year, it also reached cooperation with BYDFi and Coingecko. (PR Newswire)
TokenPocket Participates in the Seed Round of Litra Finance, an NFT Liquidity Protocol
On March 6, according to official news, the encrypted wallet TokenPocket participated in the seed round financing of Litra Finance, an NFT liquidity protocol. TokenPocket will provide comprehensive support for the continuous development of Litra Finance in the NFT field, including strategic investment, ecosystem support, etc. TokenPocket plans to leverage its technology to serve various Litra-based NFT protocols and platforms, including NFT lending and aggregators.
It is reported that this cooperation will enable Litra to utilize TokenPocket’s ecosystem resources, thus accelerating TokenPocket’s growth and development in the NFT market. TokenPocket mobile and browser extensions will be integrated with Litra Finance, allowing users to access Litra with one click through TokenPocket and enjoy all the services Litra has to offer. Additionally, the NFTFi protocol and other NFT applications incubated by TokenPocket will be natively supported and connected to Litra Finance. Litra will build an NFT liquidity pool to provide trading and liquidity mining services for TokenPocket users.
Gaming Giant Wemade Makes Strategic Investment in Smart Mobility Platform HwikGo
On March 6, South Korean game giant Wemade announced a strategic investment in smart travel platform HwikGo. The two parties will launch a new service combining smart mobility and blockchain technology, extending mobile to Move to Earn and Live to Earn. The two companies will work closely together to expand the WEMIX platform ecosystem.
It is reported that HwikGo, a MaaS (mobility as a service) platform company, has built a unique integrated platform to provide transfer connections between public transportation and shared smart mobility through transportation cards.
In addition, Wemade will continue to provide advanced blockchain services through mainnet WEMIX 3.0, global open blockchain game platform WMIX PLAY, DAO and NFT platform NILE, etc.
On March 8, the encrypted quantitative trading company Spield Algorithm announced the completion of a new round of financing, and the Web3 investment institution BitValue participated in the investment. The specific investment amount has not yet been disclosed.
The core team of Spield Algorithm currently manages encrypted assets worth US$3 billion, and also acts as a liquidity provider for some encrypted companies and CEXs. Its current asset management scale exceeds US$10 billion. BitValue's investment in Spield Algorithm will also promote the application of AI quantitative trading and analysis in the Web3 field. (Globenewswire)
Moonrock Capital Announces Strategic Investment in Blockchain Game Platform Octo Gaming
On March 7, Moonrock Capital announced its strategic investment in Octo Gaming, a chain game platform. Octo is a social gaming platform that enables users to monetize their time playing video games on the Solana blockchain. The app already offers 7 games with more than 2 million games played every month.
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