According to incomplete statistics from Odaily, a total of 12 blockchain financing events at home and abroad were announced from October 30 to November 5, which was a significant decrease from last week’s data (26 cases). The total amount of financing disclosed was approximately US$660 million, which was significantly lower than last week’s data (26 cases). Last weeks figure ($160 million) was up significantly.
Last week, the project that received the most investment was European Bitcoin mining company Northern Data (575 million euros); blockchain security company Xage Security followed closely ($20 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 November 2, European Bitcoin mining company Northern Data AG announced that it had obtained 575 million euros in debt financing from Tether. This financing is unsecured under standard market conditions and has a term until January 1, 2030. This will enable Northern Data to make further investments in its three business lines Taiga Cloud, Ardent Data Centers and Peak Mining.
The new financing will also be used to expand its data center portfolio through the companys data center infrastructure business, Ardent Data Centers, and enhance existing operations.
Finally, the company intends to further expand its Bitcoin mining operations through its mining operation Peak Mining, utilizing specialized liquid-cooled mining technology.
On November 2, blockchain security company Xage Security announced the completion of a $20 million Series B financing, with participation from Piva Capital, March Capital, SCF Partners, Overture Climate Fund, Valor Equity Partners, Chevron Technology Ventures, Science Applications International Corporation, etc. .
To date, Xage Security has raised a total of $80 million in funding.
Modulus Labs completes $6 million in seed round financing, led by Variant and 1kx
On November 2, Modulus Labs completed a $6 million seed round of financing, led by Variant and 1kx, with participation from Inflection, Bankless, Stanford, etc. Angel investors include the Ethereum Foundation, Worldcoin, Polygon, Celestia and Solana. The funding will be used to help develop Modulus products.
It is reported that Modulus uses ZKML and combines the ZK proof of the AI model. The main point is to use zero-knowledge proof to prove that the artificial intelligence model is executed correctly.
Zero-knowledge technology company Toposware raises $5 million, led by Evolution Equity Partners
On November 2, zero-knowledge technology company Toposware announced the completion of a US$5 million strategic seed round of financing, led by Evolution Equity Partners, with participation from Triatomic Capital, K 2 Access Fund, and Polygon co-founder Sandeep Nailwal. The company intends to use the new funding to expand its reach by launching its enterprise early access program in partnership with enterprise customers.
According to reports, Toposware focuses on solving challenges related to interoperability, privacy, and scalability. Its team uses a collaborative, academic approach to innovate and engineer infrastructure, protocol standards, and products to solve problems in cryptography and distributed systems. issues to advance open Internet standards.
Surf Protocol completes US$3 million in financing, led by ABCDE Capital
On October 30, Surf Protocol received US$3 million in financing, led by ABCDE Capital, with participation from OP Crypto and C 2 Ventures. It is reported that the financing will be used to develop a permissionless Perp DEX (perpetual contract decentralized exchange) based on the Base network.
The goal of Surf Protocol is to provide users with a richer variety of tradable Perp assets while reducing user transaction wear. The compatible liquidity provision framework created by Surf Protocol, with its unique AMM structure, provides liquidity providers (LPs) with more options to balance returns and risks. This unique framework paves the way for the creation of various liquidity curves tailored to the unique characteristics of different assets.
On November 2, on-chain copyright platform Trips announced the completion of a $2.5 million Pre-Seed round of financing, with participation from Shima Capital, Animal Capital, Blackwood Ventures, Serafund and Calligraphy Digital, as well as Avalanche ecological fund Blizzard.
Creators lack access to capital to monetize their assets, grow their businesses and achieve financial stability, said Michael Finkelstein, CEO and founder of Trips. Trips provides a new way for content creators to transfer their rights to into tangible financial resources.
On October 31, Quantum Blockchain, a mining company listed on the London Stock Exchange, completed 2 million pounds (approximately US$2.4 million) in financing through a new share placement.
Proceeds from the placement will be used by Quantum for its research and development initiatives, including increased hiring, purchase of new hardware and increased software development, and potentially establishing cloud services infrastructure in North America.
Digital asset ETP issuer Valor completes $2.16 million in private placement round
On November 1, DeFi Technologies, a decentralized financial investment company, announced that its wholly-owned subsidiary Valour has completed a private placement round of financing of CAD 3 million (approximately US$2.16 million) through unsecured convertible notes. It is reported that relevant matters related to this issuance The financing notes bear interest at an annual interest rate of 8% and will mature on October 31, 2025.
Valour currently offers several cryptocurrency exchange-traded products (ETPs), including Valour Polkadot (DOT) EUR, Valour Cardano (ADA) EUR, Valor Uniswap (UNI), Cardano (ADA), Polkadot (DOT) and Solana (SOL) ETP, and Valours flagship Bitcoin Zero and Valor Ethereum Zero products, etc.
Crypto anti-fraud company Vaas completes approximately $2 million in Pre-Seed round of financing
On October 31, Brazilian cryptocurrency anti-fraud company Vaas announced the completion of a Pre-Seed round of financing of approximately US$2 million. This round of financing was led by ABSeed, with participation from Fuse Capital and 4 UM’s Honey Island. It is understood that the financing received will be used to develop new products and expand its business into traditional financial fields such as banking.
The solution launched by Vaas supports tracking the entire history of assets in crypto wallets and identifying some irregular or suspicious transactions. The startup, which is still in the proof-of-concept stage and working with some major companies, plans to launch its blockchain transaction tracking platform next month.
Waterfall Network completes US$2 million in Pre-Series A financing, led by ByteTrade Lab
On November 1, the decentralized smart contract platform Waterfall Network announced the completion of a $2 million Pre-Series A round of financing, led by ByteTrade Lab. The company plans to use this new capital to promote the release of its mainnet in the first quarter of 2024.
The EVM-compatible decentralized smart contract network currently built by Waterfall Network allows any device (including laptops and mobile phones) to run validator nodes, while also providing users with more access and complete control over their data, promoting the realization of a true chain Decentralized governance.
On November 1, blockchain infrastructure provider Kana Labs completed a $2 million seed round of financing, with participation from NetMarble subsidiaries MarbleX, Nexus One, Klaytn and Gate.io. This round of financing will be used to enhance smart wallets, Web3 middleware toolkits and other products, user acquisition and international expansion, with a special focus on Asia-Pacific regions such as South Korea, Japan, Hong Kong and Taiwan.
Algorand Ventures announces investment in P2E game Fracctal Monsters
On November 1, according to official news, Algorand Ventures announced that it had invested in the P2E game Fracctal Monsters. The specific amount was not disclosed. The team plans to use the new funding to continue creating online PVP experiences, develop a Steam version of the game, and expand beyond the digital realm.
It is reported that in Fracctal Monsters, players can raise, fight, explore, train and evolve virtual pets.
