According to incomplete statistics from Odaily, a total of 18 blockchain financing events at home and abroad were announced from December 18th to December 24th, which was a decrease from last week’s data (25 cases). The total amount of financing disclosed was approximately US$175 million. Thats down significantly from last weeks figure ($302 million).
Last week, the project that received the most funding was data center infrastructure company Akron Energy ($110 million); blockchain-based decentralized patient network Humanscape was not far behind ($15.34 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):
Akron Energy raises US$110 million, funds mainly used to support US Bitcoin mining companies
On December 22, data center infrastructure company Akron Energy completed a $110 million financing round led by Bluesky Capital Management, with participation from Kestrel 0x 1, Nural Capital and Florence Capital.
On December 21, Humanscape, a blockchain-based decentralized patient network, completed a 20 billion won (approximately US$15.34 million) C+ round of financing, with participation from the Korea Development Bank, Asiana Securities and Asiana Venture Capital. So far, Humanscape’s Series C financing amount has reached 40 billion won (approximately US$30.69 million), and the cumulative financing amount has increased to 75 billion won (approximately US$57.54 million).
It is reported that Humanscape can help patients overcome diseases through intellectual and emotional interaction based on community activities. The right to exercise control over the health data generated by patients on the platform belongs entirely to the patients.
On December 21, Web3 fan platform Medallion announced the completion of a $13.7 million Series A round of financing. This round of financing was jointly led by Dragonfly and Lightspeed Faction. The platform provides a dedicated digital hub for artists to promote album releases, tour dates and merchandise releases, while selling digital collectibles and sharing exclusive content to deepen connections with fans.
Funding from this round will be used to introduce new early access opportunities such as previews of unreleased music and offering pre-sale tickets, as well as other member benefits such as video premieres or new updates. Artists will also be able to sell new exclusive and limited edition digital collectibles/NFTs such as poster bundles and trading cards.
Web3 tax services company Tres Finance completes $11 million in Series A financing
On December 20, Web3 tax startup Tres Finance completed an $11 million Series A round of financing. This round of financing was led by Lightspeed’s new fund Faction, with participation from New Form, Boldstart Ventures, Cyber Fund and Ambush Capital. This round brings Tres’ total funding to $18.6 million.
It is reported that Tres provides accounting, auditing, reporting and other financial services to Web3 companies. Tres raised $7.6 million in seed funding in September 2022, led by Boldstart Ventures and Alchemy Ventures.
On December 19, Web3 financial services company Fiat Republic completed a US$7 million seed round of financing, with participation from Kraken Ventures, Fabric Ventures, Arca, Inovo.vc and Pretiosum Ventures, as well as existing investors Speedinvest, Credo Ventures and Seedcamp. The new funds will to drive its growth and expansion, including strategic hiring, strengthening banking partnerships, and expanding into new territories.
Web3 infrastructure Web3 mine completed US$6 million in seed round financing, led by 1kx
On December 20, Web3 mine, a Web3 staking protocol that provides support for open access storage and computing networks, completed a $6 million seed round of financing, led by 1kx, with participation from Protocol Labs, PL Ventures and others. Web3 mine aims to enable the world to collectively coordinate capital and hardware to build open, high-performance and elastic computing infrastructure for everyone.
On December 20, Wynd Network, a decentralized Internet bandwidth monetization startup, announced the completion of a US$3.5 million seed round of financing, led by Polychain Capital and Tribe Capital, with participation from Bitscale, Big Brain, Advisors Anonymous, Typhon V and Mozaik.
It is reported that Wynd Network’s first product is Grass, a decentralized web crawling network designed to help enterprises and non-profit organizations train artificial intelligence. The new financing will be used to enhance Grass’ technology infrastructure, expand its node network and improve its data verification process. Currently, Grass allows users to earn points by providing unused internet bandwidth through a web browser extension.
DM 2C Studio raises $2.3 million, led by Galaxy Interactive
On December 20, DM 2C Studio, a subsidiary of DMM Group, completed US$2.3 million in financing through the sale of token convertible bonds, aiming to promote the global expansion of its Web3 business. This financing was led by Galaxy Interactive, with participation from Shima Capital, Bitfinex, MARBLEX, SQUARE ENIX HOLDINGS, Planetarium Labs, Mask Network, and DeFimans.
On December 20, according to official news, Web3 cloud computing platform 4 EVERLAND completed US$2 million in financing, with participation from Arweave, WaterDrip Capital, Bing Ventures, Forward Research, Web3.com Ventrues, Arweave SCP Ventures, GTS Ventures, Hillstone and other institutions.
It is reported that 4 EVERLAND is a Web3.0 infrastructure driven by blockchain technology that integrates various DePIN protocols to provide developers with convenient, efficient, and low-cost storage, network, and computing capabilities. It is committed to helping developers smoothly migrate from Web2.0 to Web3.0 and building a user-friendly Web3.0 cloud computing platform.
On December 20, the decentralized network Formless announced the completion of a Pre-Seed round of financing exceeding US$2.2 million, with participation from a16z crypto, Contango Digital Assets, Polygon Sandeep Nailwal, Beacon Accelerator, WAGMIventures, MH Ventures, Knights Capital, etc.
It is reported that Formless is a decentralized network and digital space that empowers individuals to connect, create, collaborate and share in a multi-person digital economy. According to an announcement from Formless on the X platform, the funding will be dedicated to growing the SHARE protocol to power the next generation of products and experiences in the multiplayer digital economy.
On December 22, KYNX announced that it had received 50 BTC in financing, with participation from institutions such as Fairbit Venture, Nivana Capital, Dego, Alphacoin Fund, Vega Ventures, and Slush Fund.
KYNX uses the BRC-20 standard and multi-chain inscription technology to build a one-stop crypto asset management service. This round of funding will help KYNX develop its agency inscription execution services, implement accurate, safe and simple inscription operation solutions for customers, and simplify the user experience.
DID market aggregator GoDID completes new round of financing at $30 million valuation, led by NGC
On December 20, DID market aggregator GoDID announced on the X platform that it had completed a new round of financing at a valuation of US$30 million. NGC led the investment and the financing amount was undisclosed.
It is reported that GoDID provides various DID batch search, registration, transaction and management functions.
On December 18, Rio Development announced the completion of a seed round of financing, with Polychain Capital, Blockchain Capital, and Breyer Capital jointly leading the investment. The amount of financing was not disclosed.
It is reported that Rio Development provides liquidity-heavy pledge services.
Swiss blockchain micropayment startup Centi completes seed round of financing
On December 20, Centi, a Swiss blockchain micropayment startup, announced the completion of a seed round of financing, led by Archblock and Bloomhaus Ventures. The specific amount has not yet been disclosed.
Centi mainly uses blockchain technology to solve the problems of inefficiency and lack of financial inclusion in micropayments, while providing innovative payment solutions based on stablecoin technology.
NFT platform Moove Protocol completes seed round financing led by Morningstar Ventures
On December 21, Moove Protocol, an NFT platform jointly launched by Two 3 Labs and CowCow, announced the completion of a seed round of financing, led by Morningstar Ventures, ZBS Capital, Alpha Protocol Ventures, Lets Go Ventures, NXGen, Antiga Capital and the famous angel investor Vijay Pravin Maharajan (bitsCrunch) participated.
Tether participates in education platform Academy of Digital Industries’ Series A financing
On December 23, according to official news, Tether announced that it had made an investment in Academy of Digital Industries’ Series A financing. The specific amount has not yet been disclosed.
Academy of Digital Industries is a Georgia-based progressive education platform offering digital course training and masterclasses. This investment will be ongoing and provide long-term financial assistance to build and advance digital education, offering a broad range of digital and traditional courses.
On December 23, TonUP announced the completion of a private placement round of financing on the The specific amount of financing has not been disclosed yet. The funds from this round of financing will be used to support product research and development and the expansion of multiple markets.
On December 22, Hong Kong digital asset insurance company OneDegree received strategic investment from Dubai Insurance. The investment amount was not disclosed. The investment follows a $55 million Series B round in June, OneDegree co-founder and CEO Alvin Kwock said in a video interview from Dubai. This brings OneDegree’s total funding close to $100 million, he added.
