Weekly Financing Express - 16 projects received investment, with a total disclosed financing amount of approximately US$92 million (10.9-10.15)
According to incomplete statistics from Odaily, a total of 16 blockchain financing events at home and abroad were announced from October 9 to October 15, with the total disclosed financing amounting to approximately US$92 million.
Last week, the project that received the most funding was cryptocurrency trading and lending platform Membrane Labs ($20 million); stock and cryptocurrency trading API service company Alpaca followed closely ($15 million).
The following are specific financing events (Note: 1. Sorted according to the announced amount; 2. Excludes fund raising and mergers and acquisitions; 3. *Represents companies in the traditional field where some of the business involves blockchain):
On October 11, cryptocurrency trading and lending platform Membrane Labs completed $20 million in Series A financing from Brevan Howard Digital, Point 72 Ventures, Jane Street, Flow Traders, QCP Capital, Two Sigma Ventures, Electric Capital, Jump Crypto, QCP Capital , GSR Markets, Belvedere Trading and Framework Ventures participated in the investment.
Stock and crypto trading API service company Alpaca secures $15 million in funding from SBI Group
On October 13, Alpaca, a stock and cryptocurrency trading API services company, received $15 million in financing from SBI Group in the form of convertible notes. Alpaca CEO Yoshi Yokokawa said the strategic investment brings the companys total funding since its founding in 2015 to $120 million and will accelerate its expansion in Asia.
Alpaca’s crypto API enables businesses and developers to trade cryptocurrencies and stocks and build applications that provide cryptocurrency and stock investment services in a single API.
Tokenized RWA platform Untangled Finance raises $13.5 million
On October 11, the tokenized RWA platform Untangled Finance completed US$13.5 million in financing. The main investor is the asset management company Fasanara Capital. The platform will be launched on the Celo network today. Untangled also plans to expand to the Ethereum and Polygon networks via Chainlink, making the platform a multi-chain interoperable RWA credit protocol.
On October 12, crypto wallet provider Account Labs announced the completion of $7.7 million in financing, led by Amber Group, MixMarvel DAO Ventures and Qiming Venture Partners.
On October 11, Web3 content creation platform RepubliK announced that it had completed a US$6 million seed round of financing at a valuation of US$75 million. OKX Ventures, 6th Man Ventures, Arcane Ventures, CMS Holdings, Comma 3 Ventures, Define Ventures, Enjin, FBG Capital, HTX Ventures, Mirana Ventures, Oracles Investment Group, Signum Capital, Sora Ventures and UOB Venture Management participated in the investment.
On October 14, Virgo Group, the holding company of the Canadian compliant cryptocurrency platform VirgoCX Inc and the Australian trading platform Virgo.co, announced that after receiving 10 million Canadian dollars in Series A financing in 2022, it has once again received Waterdrip Capital, Skylean Capital and Nextport Capital. Waiting for investors to inject an additional CAD 5 million.
The new financing will be used to grow its compliance entities and continued plans to expand into new geographies, as well as further solidify its integrated ecosystem from trading to asset management.
Game of Silks, an NFT-driven fantasy horse racing startup, raises $5 million in funding
On October 11, Game of Silks, a fantasy horse racing startup powered by NFT, completed US$5 million in financing, bringing its total financing to more than US$10 million.
It is understood that Game of Silks issues NFTs related to thoroughbred horses, and their owners can receive rewards based on the real-world performance of the horses corresponding to the NFTs. The company, founded in June 2021, partners with organizations including the New York Racing Association, Belmont Raceway, The Jockey Club and Fox Sports-owned Americas Best Racing.
On October 12, Parsec, a data analysis platform on the encrypted chain, announced the completion of US$4 million in financing, led by Galaxy Digital, with participation from Uniswap Labs Ventures, Robot Ventures, CMT Digital and others.
On October 9, Verisoul announced the completion of $3.25 million in financing. The product is designed to identify fake users and address threats from artificial intelligence, bots, and fraud for enterprises.
Investors in the financing include BITKRAFT Ventures, King River Capital, Third Prime, HashKey Capital and angel investor AcuityMD CEO Mike Monovoukas.
On October 10, Neutral announced the completion of US$3.2 million in financing, led by North Island Ventures, with participation from Redalpine, Digital Currency Group (DCG), Cerulean Ventures, Factor Capital, Very Early Ventures and Rarestone Capital.
According to reports, Neutral is a trading platform for environmental assets that combines tokenized carbon credits, renewable energy credits and carbon forwards with specialized market infrastructure to provide efficiency, transparency and trust in these markets.
Crypto asset synthesis platform Noahswap receives $3 million investment from Coinstore Labs
On October 14, the crypto asset synthesis and risk hedging platform Noahswap announced that it had received US$3 million in financing from Coinstore Labs, a blockchain innovation laboratory owned by Coinstore.
It is reported that the core mechanism of Noahswap is synthetic asset casting, which is designed to hedge the risk of loss by allowing investors to pledge bad crypto assets. Investors can reallocate distressed assets into more valuable digital assets to protect and add value to their portfolios.
Privacy technology startup Beldex secures $3 million in investment from Web3 market maker Enflux
On October 11, privacy technology startup Beldex received a US$3 million investment from Web3 market maker Enflux, and the two parties reached a partnership.
Enflux will provide Beldex with the strategic advice and support needed to develop DApps and integrate EVM onto the Beldex chain for network expansion. It is reported that the Beldex ecosystem includes private messaging application BChat, decentralized virtual private network (VPN) BelNet, Web3 browser Beldex and cross-chain privacy protocol Beldex.
On October 11, KINO Studios, a Los Angeles-based entertainment technology company, announced the completion of over US$2 million in financing. Participants in this round of financing include Sequoia Capital’s Scout Program, Slow Ventures, Metaweb Ventures, Genius Ventures, Near Protocol, and Blockchain Founders Fund as well as several film and television angel investors, domain experts and family offices. KINO Studios introduces a community-based economic model to the entertainment industry and also develops community tools to help Hollywood artists tap into the fan economy.
On October 9, financial technology startup CrossFund announced that it had completed a new round of financing of US$1.5 million at a valuation of US$47 million. BlockBase Ventures, UI Investments, Australian Gulf Capital, BXB Capital, as well as some Middle East and North Africa (MENA) and Family offices in Asia and others participated in the investment, which is the fourth round of financing completed by the company in the past two years.
It is understood that the CrossFund equity financing platform has innovatively integrated AI and Web3 technologies in the review and fundraising process. It is reported that so far, about 80 projects have successfully raised more than 40 million US dollars in funds on the platform and attracted 15,000 qualified people. Investor participation.
On October 9, Bitcoin infrastructure OrdinalsBot completed US$1 million in financing. Kestrel 0X 1, Lightning Ventures, Bitcoin Magazine Ecosystem Fund, Bitcoin Frontier Fund, Angsana Investments, Deep Ventures and other institutions participated in the investment. In addition, angel investors Sebastien Borget, Howard Morgan, Micah Spruill, Ivan Brightly, Dillon Healy and others also participated in the investment.
Founded in February 2023, OrdinalsBot recently launched an SDK product that provides developers with the tools to seamlessly integrate Ordinals.
On October 9, Metaverse infrastructure developer Hadean completed a new round of financing with investment from Yuga Labs. The amount of financing has not yet been disclosed. Yuga Labs said Hadean provides key technology for Yuga’s platform, optimized for high-fidelity virtual experiences that bring creators and players together at scale.
