According to incomplete statistics from Odaily, a total of 26 blockchain financing events at home and abroad were announced from October 23 to October 29, a significant increase from last week’s data (14 cases). The total amount of financing disclosed was approximately US$160 million, which was higher than last week’s data (14 cases). Last weeks figure ($120 million) was up.
Last week, the project that received the largest amount of investment was Singaporean financial technology company YouTrip (USD 50 million); Web3 security startup Blockaid followed closely (USD 33 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 27, Singaporean financial technology company YouTrip announced the completion of a US$50 million Series B round of financing, led by Lightspeed. YouTrip’s total funding to date has reached $100 million.
It is reported that YouTrip mainly provides consumers with multi-currency digital wallets and provides small and medium-sized enterprises with business account services that support company cards.
Web3 security startup Blockaid raises $33 million, with participation from Sequoia Capital
On October 23, Blockaid, a Web3 security startup co-founded by two former Israeli military cyber intelligence officers, received $33 million in financing. The funding was divided into two rounds, a $6 million seed round and a $27 million Series A round.
Seed round investors include Sequoia Capital, Greylock Partners and Cyberstarts; Series A financing was co-led by Ribbit Capital and Variant, with participation from three investors in the seed round.
Blockaid’s clients include MetaMask, OpenSea, Zerion Wallet and Rainbow Wallet. With the new funding, the company hopes to attract more customers.
On October 25, game development studio Neon Machine completed a $20 million Series A round of financing, led by Polychain Capital, with participation from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures.
Neon Machine will use the funding to further develop its shooter Shrapnel, with the game team planning to release an early access version this December and a full release in 2024. The Shrapnel team currently has a total of 70 employees.
On October 24, cryptocurrency startup smlXL announced the completion of a $13.4 million seed round of financing, with participation from a16z crypto, Greylock and others.
It is reported that the company is committed to making blockchain more transparent, useful and accessible. The new funding will be used to build a team of 16 people and develop products, including evm.codes and evm.storage. So far, the funds have not been used for marketing.
On October 26, 3D/AR enterprise infrastructure provider Threedium completed $11 million in Series A financing, led by Interpublic Group and Olma Partners, with participation from Mesh Consensys, Reflexive Capital, Nirvana Family Office, Lyra Ventures, Edenbase and Kinisis Venture Fund I cast.
Threedium stated that this round of financing will be used to promote the advancement of spatial computing and network 3D content production, and deepen artificial intelligence research and development to further improve the efficiency of 3D models.
On October 25, Singapore-based crypto payment gateway Triple-A completed a $10 million Series A round of financing, led by Peak XV Partners and Shorooq Partners. Triple-A will use the new funding to further develop its product suite.
Founded in 2018 by fintech-focused entrepreneur Eric Barbier, Triple-A offers stablecoin and blockchain-based payments, supporting major tokens including USDT, USDC, Bitcoin and Ethereum. Triple-A received a payment institution license from the Monetary Authority of Singapore in 2021.
On October 25, Web3 medical data company Rymedi completed a $9 million Series A round of financing. RW 3 Ventures and White Star Capital co-led the investment, with participation from Blockchange Ventures and Avalanches Blizzard Fund.
Rymedi, which streamlines the transfer of medical records and data through blockchain, plans to use the funding from this round to enhance data security and accessibility of medical records.
On October 24, the blockchain hybrid trading platform Cube.Exchange completed a $9 million seed round of financing from Asymmetry Technologies, Susquehanna Private Equity Investments, LLLP, Everstake, Foundation Capital, Big Brain Holdings, Third Kind Venture Capital, Arche Fund, WW Ventures and members of Cube.Exchange management participated.
The new financing will be used to hire development, marketing, compliance and administrative staff, acquire licenses and open additional offices. It is reported that Cube.Exchange will launch as a spot exchange and then expand to other products next year.
On October 26, Aera, a startup owned by Tarun Chitra, founder of DeFi risk manager Gauntlet, announced the completion of US$8 million in financing, with Bain Capital Crypto leading the investment and Jump Trading participating.
It is understood that Aera is a decentralized protocol designed to help DAOs manage their finances. Chitra said Aera’s goal is to enable DAOs to respond quickly to market changes without sacrificing the principles of decentralization and provide customers with crowdsourced portfolio management advice.
On October 25, encryption startup Nocturne Labs announced the completion of a $6 million seed round of financing. Bain Capital Crypto and Polychain Capital co-led the investment, with participation from Vitalik Buterin, Bankless Ventures, Hack VC, Robot Ventures, etc.
It is reported that Nocturne is developing a protocol designed to allow users to transact anonymously in the Ethereum ecosystem. They can prove they own the funds through zero-knowledge proof technology and use them for other transactions such as payments, trading and gambling.
On October 27, according to official news, game studio Moonveil Entertainment has completed a US$5.4 million seed round of financing, led by Gumi Cryptos Capital and Arcane Group, with participation from a number of Web3 funds and game industry funds such as Longhash, IOSG Ventures and Infinity Venture Crypto. cast.
It is reported that the Moonveil Entertainment team members are composed of core management and production teams from well-known game companies such as Riot Games, Tencent, and NetEase, as well as senior Web3 developers. Projects in development at Moonveil Entertainment include Astrark and Project B.
On October 24, NASD, the development company of the token issuance protocol Noble, announced the completion of a US$3.3 million seed round of financing, led by Polychain Capital, with participation from Borderless Capital, Circle Ventures, Wintermute Ventures and others.
It is reported that Noble is an application chain built specifically for the issuance of native assets in the Cosmos and IBC ecosystems. It has launched its mainnet in March this year.
On October 26, Hong Kong-based crypto trading execution tool provider Anboto Labs announced the completion of US$3 million in financing and the launch of an institutional-grade non-custodial trading platform. The financing was completed in Q3, with investors including Kronos Ventures, Cherry Crypto, Mechanism Capital, XBTO and Matrixport.
The newly launched platform, which has been in closed testing for 18 months, is said to have $4 billion in trading volume across 20 exchanges and blockchains. Anboto offers execution algorithms such as TWAP, VWAP and Iceberg to provide optimal pricing and improved execution.
HYTOPIA completes US$3 million in financing, led by Delphi Ventures
On October 24, Metaverse platform HYTOPIA (formerly NFT Worlds) announced the completion of US$3 million in financing, led by Delphi Ventures, with participation from several VCs and angel investors.
It is reported that HYTOPIA integrates social functions and provides developers with a game creation toolkit inspired by Minecraft with flexible monetization.
OTC secondary market platform STIX completed US$2.7 million in financing, led by Psalion VC
On October 26, OTC secondary market platform STIX completed US$2.7 million in financing, led by Psalion VC, with participation from Big Brain Holdings, Eterna Capital, Fisher 8 Capital, Humla Ventures, 0x kb and TLF Ventures.
It is reported that STIX can achieve data-driven price discovery and enhance the liquidity of the secondary market. It will allow sellers to easily obtain liquidity privately. It also plans to release a set of proprietary risk management and portfolio analysis tools.
On October 28, The Network State Company, the parent company of citizen community platform Baseflow, announced the completion of US$2.5 million in financing from Balaji Srinivasan (former CTO of Coinbase), Tim Draper, Aragon DAO, Sandeep Nailwal (co-founder of Polygon Labs), Roneil Rumburg (Co-founder of Audius), Andrea Dusi, Max Merenti, Enzo Coglitore (Product Manager and Partner of Alchemy Ventures) and others participated in the investment.
Blockchain mortgage platform PADS Financial completes CAD 3 million in Pre-Seed round of financing
On October 24, PADS Financial, a Canadian blockchain online mortgage platform, announced the completion of a Pre-Seed round of financing of CAD 3 million. The specific investor information has not yet been disclosed, but it is said that it mainly comes from industry leaders in the Quebec real estate market.
It is reported that PADS Financial provides digital real estate mortgage loan services, and uses blockchain technology to track application and approval status, as well as loan fund management, and can also use tokenization to help users sell or liquidate mortgages. PADS Financial will use the funding from this round to develop AI and blockchain products.
ZK development startup Virtual Labs raises $1.2 million at a $20 million valuation, led by OP Crypto
On October 24, ZK development startup Virtual Labs announced the completion of a $1.2 million Pre-Seed round of financing at a valuation of $20 million, led by OP Crypto, with participation from Byzantine Marine, Koyamaki Ventures, NEAR Foundation and several angel investors.
Virtual Labs is committed to enhancing the Web3 user experience by leveraging zero-knowledge technology to eliminate gas fees, latency, and cumbersome wallet interactions. The company’s flagship product, Virtual rollup, is a ZK state channel that facilitates unlimited transactions from an unlimited number of participants.
On October 27, Solana ecological content monetization protocol Access Protocol announced the completion of a $1.2 million seed round of financing, with participation from Sora Ventures, DV Ventures, CMS Holdings, Double Peak Group and other angel investors. The financing will focus on the development of Access v2 and the Scribe and Sketch platforms.
Base ecological DEX PRINT 3 R completed a $500,000 Pre-Seed round of financing, led by MH Ventures
On October 24, according to official news, Base Ecological DEX PRINT 3 R announced the completion of a $500,000 Pre-Seed round of financing, led by MH Ventures, with participation from 300 DAO, Onchain Wizard, PrimapesDAO, Homeless Ventures and 2 Shares.
On October 24, according to official news, Web3 enterprise real-time financial platform Integral announced that it had received strategic investment from Coinbase Ventures and established a partnership with Coinbase. Integral will bring accounting solutions to Coinbase Prime customers, covering assets held both internally and externally by Coinbase.
Integral plans to use the funding to provide Prime customers with data across all their assets and develop complementary solutions, such as accounts receivable and accounts payable automation, to further facilitate Web3 business operations.
Port 3 Network announces investment from DWF Labs
On October 23, Port 3 Network announced on the X platform that it had received investment from DWF Labs. The specific investment amount was not disclosed.
Binance Labs has made a follow-on investment in CyberConnect
On October 27, Binance Labs Fund posted on the X platform that it had made a follow-up investment in the decentralized social network CyberConnect. Binance Labs sees the potential of SocialFi in driving Web3 into the mainstream and will host an AMA to delve into the opportunities for social integration across the ecosystem.
Asset management product De.Fi announces investment from OKX Ventures
On October 26, asset management product De.Fi announced on the X platform that it had received investment from OKX Ventures. The specific amount was not disclosed.
Mysten Labs partners with and invests in SCION software provider Anapaya
On October 27, Mysten Labs announced a partnership with and investment in SCION software provider Anapaya Systems.
The two parties are exploring how to use SCION, a next-generation Internet architecture, to provide secure communications for Sui and other Web3 infrastructure technologies. With SCION, Mysten Labs is experimenting with having Sui strengthen communications between validators, full nodes, and blockchain clients to make Sui immune to IP network-level attacks.
Game metaverse platform MOBOX announces strategic investment in Project Twelve (P 12)
On October 27, the game metaverse platform MOBOX announced a strategic investment in Project Twelve (P 12).
According to reports, the P 12 editor is a full-chain engine that shifts from a command line interface (CLI) to a user-friendly graphical user interface (GUI). The P 12 editor integrates with full-chain frameworks such as MUD and Dojo, and simplifies the basics of game development using prefabs, templates, and more.
