一周融资速递 | 31家项目获投，已披露融资总额约1.19亿美元（1.29-2.4）
According to incomplete statistics from Odaily, a total of 31 blockchain financing events at home and abroad were announced from January 29 to February 4, which was a decrease from last week’s data (39 cases). The total disclosed financing amount was approximately US$119 million. Thats down from last weeks figure ($200 million).
Last week, the project that received the most investment was the Bitcoin-based cross-chain DEX and wallet Portal ($34 million); the hybrid cryptocurrency trading platform Cube.Exchange also followed closely ($12 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 January 30, the cross-chain DEX and wallet Portal based on Bitcoin announced the completion of a $34 million seed round of financing, with participation from Coinbase Ventures, Arrington Capital, OKX Ventures and Gate.io Ventures. It is reported that the structure of this round of financing is Simple Future A combination of equity agreements (SAFE) and convertible notes, but the company declined to disclose related valuation information.
On February 1, hybrid cryptocurrency trading platform Cube.Exchange announced the completion of a $12 million Series A financing, led by 6th Man Ventures, with participation from GSR Markets, ParaFi Digital, Susquehanna Private Equity Investments, Everstake Capital, etc. This round of financing The valuation reached US$100 million. It is reported that Cube uses a hybrid model of off-chain order matching and on-chain settlement to allow users to maintain asset ownership without having to transfer assets to exchange custody accounts.
On February 1, Delegate Labs, the team behind the security protocol Delegate, announced the completion of a $9 million seed round of financing, with participation from Electric Capital, Arca, Variant and Arrington Capital. This round of financing will be used to fund the Web3 domain name protocol Clusters, which aims to solve Issues such as address fragmentation, wallet management complexity, and domain name preemption.
On February 2, NFT project Pixelmon completed a US$8 million seed round of financing, with participation from Animoca Brands, Delphi Ventures and Foresight Ventures, as well as Amber Group, 9 GAG founder Ray Chan and Immutable co-founder Robbie Ferguson.
On January 30, according to official news, Web3 social game Forgotten Playland announced the completion of a $7 million seed round of financing, with participation from Merit Circle, Spartan Group, C 2 Ventures, Paper Ventures, etc.
PayPal invests $5 million in PYUSD and $1.5 million in cash in crypto payments company Mesh
On January 29, PayPal Ventures, the venture capital arm of PayPal, invested US$5 million in the crypto payment company Mesh through its stable currency PYUSD.
In addition to the $5 million provided to Mesh in the form of a stablecoin (recorded on the Ethereum blockchain), PayPal Ventures also injected an additional $1.5 million in cash.
Gevulot completes US$6 million in seed round financing, led by Variant
On January 29, the zero-knowledge proof blockchain Gevulot completed a $6 million seed round of financing, led by Variant, with personal support from RockawayX, Volt Capital and Staking Facility, as well as Polygon Labs CEO Marc Boiron and Manta Network founder Shumo Chu. investors participated in the investment, Gevulot did not disclose its valuation.
Web3 gaming company Saltwater completes $5.5 million in seed round financing
On February 1, Web3 gaming company Saltwater announced the completion of a US$5.5 million seed round of financing, jointly led by crypto investment institutions Deus X and Fourth Revolution Capital (4 RC). The new funds will be used to increase the number of employees, invest in new technologies, and Business expands into new areas.
On February 1, cross-chain routing service provider Squid announced the completion of a US$4 million strategic round of financing, led by Polychain Capital, Nomad Capital, North Island Ventures, Maelstrom and Chorus One, The Department of XYZ, Breed, Binary Builders and Typhon Ventures participated in the investment, while Squid also received additional investment from Distributed Global, Fabric Ventures, Node Capital and Chapter One. Squid currently supports thousands of assets on more than 60 chains, and this financing enables the team to continue to expand the EVM and Cosmos ecosystem, and will also establish deeper integrations with more decentralized applications (dApps).
Liquidity staking protocol Stride completes US$4 million in strategic financing, led by DBA
On February 3, Stride Association announced the completion of US$4 million in strategic financing to promote the development of the Cosmos ecological liquidity staking protocol Stride in the modular ecosystem.
This round of financing was led by DBA, including 1confirmation, Road Capital, Modular Capital, Chorus One, and the main builders of the modular ecosystem Neel Somani (Eclipse), Yishay Harel (Dymension), Jon Kol and NoSleepJon (Hyperlane), Cem Özer (Sovereign) Labs), Mike Neuder (Ethereum Foundation) and others participated in the investment.
Cryptocurrency trading service company Velar completes $3.5 million in new round of financing
On February 1, cryptocurrency trading service startup Velar announced that it had completed a new round of financing of US$3.5 million. The specific investment institution information has not yet been disclosed. Verlar mainly builds tools for the Bitcoin DeFi scene. The companys CEO Mithil Thakore said that it plans to use the latest financing to launch a perpetual swap exchange that supports the Bitcoin network.
On January 30, the decentralized derivatives trading platform BBO Exchange (BBOX) completed a $2.7 million Pre-Seed round of financing, co-led by Hashed and Arrington Capital, with participation from Consensys, CMS Holdings, Flow Traders, Manifold Trading, Mask Network, Laser Digital (Nomura Group), Arcane Group, Draper Dragon, Vessel Capital, Aulis Venture, Formless Capital, Press Start Capital, One Piece Labs, etc. participated in the investment, and individual investors also included Keone Hon and Honbo Tang.
On February 3, the Bitcoin ecological composability DID protocol BRC-137 announced the completion of a US$2.5 million seed round of financing. This round of financing was led by Basics Capital, DFG, Gate Labs, JSquare and other institutions. The funds will be used to accelerate the development and improvement of the protocol and ecological growth to realize the native social universe of the Bitcoin ecosystem.
Composable Option Protocol Ithaca Finance Completes $2.5M Pre-Seed Financing
On January 31, ithaca Finance, a composable options protocol, announced that it had completed a $2.5 million Pre-Seed round of financing, co-led by Cumberland and Wintermute Ventures, and led by Room 40 Ventures, Ghaf Capital Partners, and DARMA Capital co-founders Andrew Keys, Stan Miroshnik, Axelar co-founder Georgios Vlachos and other angel investors participated in the investment. It is reported that Ithaca Finance is currently online on the Arbitrum testnet, and only invitees are invited to launch the mainnet before the full launch later this quarter.
Proof-of-liquidity protocol Infrared completes $2.5 million in seed round
On January 29, Berachain ecological liquidity proof infrastructure Infrared Finance announced the completion of a US$2.5 million seed round of financing, led by Synergis, NGC Ventures, Tribe Capital, CitizenX, Shima Capital, Dao 5, Signum Capital, Ouroboros Capital, Decima, OakGrove Ventures, DoraHacks, TenzorCapital, AlexShin, AlbertChon, CharlesLu, Mr.Block, ChrisSpadafora, DCFGod and others participated in the investment.
Infrared aims to support the liquidity staking of the Berachain ecosystem in the context of Proof-of-Liquidity (PoL). The funds will be used to advance its infrastructure, including its validator network, PoL vaults, and its native liquidity staking token (LST), iBGT.
NAVI Protocol completed US$2 million in financing, led by OKX Ventures, Hashed and others
On January 31, according to official news, Sui ecological one-stop liquidity protocol NAVI Protocol announced the completion of US$2 million in financing. OKX Ventures, dao 5 and Hashed jointly led the investment, Mysten Labs, Comma 3 Ventures, Mechanism Capital, GeekCartel Capital, Nomad Capital, Coin 98 Ventures, Cetus Protocol, Maverick, Viabtc, Assembly Partners, Gate. io, Hailstone Labs, Benqi, LBank Labs, etc. participated in the investment.
NAVI Protocol will use this round of funding to expand its one-stop lending and LSDeFi platform.
DEX project Kodiak Finance completes US$2 million in seed round financing
On February 3, Kodiak Finance announced the completion of a $2 million seed round of financing. Kodiak Finance aims to become a native DEX for the Berachain community.
The Kodiak Finance team stated that this round of financing will enable it to further accelerate the expansion of Kodiak and continue to provide Berachain native trading products.
On February 1, Hivello, a decentralized DePIN infrastructure service provider, announced the completion of a new round of financing of 1.5 million, with participation from Blockchange, Cypher Capital, MH Ventures, Primal Capital, Contango Digital Assets, Candaq, NGC, Blockchain Founders Fund, IDG, etc. investment, plus the US$1 million in financing completed in December 2023, the company’s total financing to date has reached US$2.5 million. The company intends to use the new financing to expand its technical capabilities, accelerate product development, and solidify its market position in the DePIN space.
On February 1, according to official news, chain gaming platform Yooldo announced the completion of US$1.5 million in financing at a valuation of US$13 million. Bedrock Ventures, Double jump.tokyo, Edimus, Hyperithm, Klaytn Foundation, Manta Network, Neopin, Planetarium, Presto Labs , Vista Labs participated in the investment. In addition, grant sponsors include Aptos Foundation, BNB Chain, Immutable X, and Oasys.
The new financing will be used to improve the technology, bring more games to the platform, and grow its community. It is reported that Yooldo has been included in the Consensys Scale Program and Google for Startups Program.
On February 1, the blockchain-driven privacy protection solution Blokid announced the completion of a US$1.25 million seed round of financing, jointly led by AppWorks and Ascend Vietnam Ventures. The company was established in July 2023 and is currently focused on tailoring the digital advertising industry. Customized blockchain timestamp-driven security services to help brands and institutions verify their assets using advanced technology.
On February 2, Forward Protocol, the Web3 codeless DApp ecological protocol, announced the completion of US$1.25 million in financing, including US$500,000 in seed round financing and US$700,000 in private equity round financing. CVVC, AU 21, X 21 and GDA Capital, Polygon, Bitcoin .com, and Utopian Capital, Marathon Capital, Cuan Ventures, Ardura Capital, MEXC, Stakez Capital, Magnus Capital, MarketAcross, Basics Capital, CRT Capital, Polygon Studios, Master Ventures, BlackDragon, Tokenova, Lotus Capital, NFT Technologies, Darkpool Capital , Octopus Capital, ZBS Capital, IBC Group, Polygon Syndicate and Oracles Investment Group participated in the investment.
Liquidity aggregation investment strategy protocol Doubler completes seed round financing
On January 30, Liquidity Aggregation Investment Strategy Protocol Doubler announced the completion of a seed round of financing, led by Youbi Capital, Bixin Ventures, Mask Network, Comma 3 Ventures, Pivot Labs, Continue Capital, Sanyuan Capital, Waterdrip Capital, DWF Ventures, Gate Labs , Formless Capital, MT Capital and CatcherVC and other institutions participated in the investment, and the specific financing amount has not been disclosed yet. Doubler is an open DeFi protocol that uses the Martingale strategy to aggregate market liquidity, combining the need for zero-loss hedging with the profit needs of speculators.
On January 30, Binance Labs announced that it had invested in Puffer Finance, an Ethereum liquidity re-collateralization protocol built on EigenLayer. Brevan Howard Digital, Jump Crypto and Lightspeed Faction participated in the investment. The specific amount has not yet been disclosed. Puffer will use the funds to develop its Layer 2 network, which will run as the EigenLayer active authentication service.
On January 31, according to official news, RWA ecosystem TProtocol announced the completion of angel round financing, with participation from Summer Capital, Matrixport Venture, Spark Digital Capital, etc. The specific financing amount has not yet been disclosed. The new financing will be used to drive TProtocol’s development into a comprehensive blockchain RWA aggregator.
Decentralized perpetual contract protocol Zeepr Labs completes new round of financing
On January 31, Zeepr Labs, a decentralized perpetual contract protocol, announced on the It is reported that Zeepr is a decentralized perpetual contract protocol that supports both currency standard and U-standard, aiming to provide an on-chain perpetual contract trading experience with no slippage and no capital fees.
On February 1, the Bitcoin ecological DeFi project Ordiswap announced on the X platform that it had completed a strategic round of financing. DWF Labs participated in the investment and reached a partnership with it. The new funds will be used by Ordiswap to develop DeFi infrastructure and ecosystem for Bitcoin.
On February 1, DeFi project Nibiru Chain announced the completion of a strategic round of financing, with Oddiyana Ventures participating in the investment. The specific investment amount has not yet been disclosed. It is reported that Nibiru Chain completed a US$8.5 million seed round last year at a valuation of US$100 million, with Tribe Capital, Republic Capital, NGC Ventures and Original Capital jointly leading the investment.
On February 1, KIP Protocol, a Web3 base layer focusing on AI, announced the completion of a strategic round of financing, led by Animoca Ventures, B.Army (Vietnam), CSP DAO (Europe, Middle East and Africa), MQdao, Spicy Capital (Latin America) , Skyvision Capital (Hong Kong) and Purechain Capital (UK) participated in the investment.
On February 2, the gamified social platform SoulLand announced the completion of tens of millions of dollars in financing, with participating institutions including Foresight Ventures, Redline Labs, Zonff Partners, MEXC, Mandala Ventures Limited, Stratified Capital, Basics Capital and Onemax Capital.
On February 2, RGB protocol infrastructure Bitlight Labs announced the completion of a seed round of financing and will be committed to promoting the development of the Lightning Network ecosystem. This round of financing was jointly led by Gate Ventures and HV Capital, with participation from MH Ventures, Fundamental Labs, Oak Grove Ventures, Waterdrip Capital, etc.
On February 2, decentralized cloud computing service provider Exabits.ai announced the completion of a seed round of financing from Protocol Labs, Outlier Ventures, Jabre Capital Partners, Valkyrie Fund, Big Brain Holdings, Blockchain Builders Fund, Taisu Ventures, Fortified Ventures, LBank Labs, Paramita Capital, Moonhill Capital, IoTeX, 1 nvest, etc. participated in the investment, and the specific amount has not yet been disclosed.
