According to incomplete statistics from Odaily Planet Daily, there were 24 blockchain financing events announced at home and abroad from November 11 to November 17, a significant increase from last weeks data (15). The total amount of financing disclosed was approximately US$175 million, a significant increase from last weeks data (US$50.8 million).
Last week, the project that received the most investment was the crypto AI startup Zero Gravity Labs ($40 million); followed closely by the full-chain liquidity asset protocol StakeStone ($22 million).
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and MA events; 3. * indicates a traditional company whose business involves blockchain):
Crypto AI startup 0G Labs completes $40 million in financing, with Hack VC and others participating
On November 13, crypto artificial intelligence startup Zero Gravity Labs (0G Labs or 0GL) announced the completion of $40 million in financing and received a $250 million token purchase commitment. This round of financing was participated by Hack VC, Delphi Digital, OKX Ventures, Samsung Next, Bankless Ventures, Animoca Brands and its co-founder Yat Siu, Polygon and its co-founder Sandeep Nailwal, Stanford Blockchain Fund, Abstract VC, Alchemy, Blockdaemon, Foresight Ventures and others.
On November 11, the full-chain liquidity asset agreement StakeStone announced the completion of a $22 million financing led by Polychain Capital. This financing also includes strategic investments from Binance Labs and OKX Ventures. The seed round was led by SevenX, with participation from Nomad Capital, HashKey Capital, HashKey Cloud, Amber Group, Coinsummer, Bankless Ventures, DAO 5, Symbolic Capital, Arcane Group, Quantstamp, etc.
On November 14, Wyden, a digital asset trading infrastructure provider, announced the completion of a US$16.4 million (CHF 14.5 million) Series B financing round, led by Truffle Capital, with participation from new investors Postfinance, SBI-Sygnum-Azimut Digital Asset Opportunity Fund, Fivet Fintech and existing investor C 3 Venture Capital.
Notabene, a crypto AML service provider, completes $14.5 million Series B financing led by DRW VC
On November 12, Notabene, a crypto anti-money laundering (AML) service provider, completed a $14.5 million Series B financing round, led by DRW VC, with participation from funds managed by Pollo, Nextblock, ParaFi Capital, and Wintermute. Notabene aims to become the SWIFT of crypto transactions, and its network effect is growing. 165 companies have used the platform, including some of the worlds largest virtual asset service providers (VASPs), such as Copper, OKX, and Ramp.
On November 14, LAKE, a blockchain company focused on reshaping the global water economy, announced the completion of a $12.4 million financing round, with participation from Artaize Invest, EMB Venture Capital, Michel Audeban-Business Angel, and MSM Family Office.
On November 12, according to official news, Animoca Brands announced that it had completed US$10 million in financing for its Mocaverse. This round of financing was participated by OKX Ventures, CMCC Global, Hong Shan (formerly Sequoia China), Republic Crypto, Decima Fund, Kingsway Capital and others.
On November 14, Ennoventure, an AI-based blockchain encryption signature solution provider, announced the completion of a US$8.9 million Series A financing round led by Tanglin Venture Partners, with participation from Fenice Investment Group and other SAFE investors. Specific valuation information has not yet been disclosed.
On November 12, ZK coprocessor Brevis Network completed a $7.5 million seed round of financing, led by Polychain Capital and Binance Labs, with participation from IOSG Ventures, Nomad Capital, Bankless Ventures, Hashkey and several undisclosed angel investors.
On November 11, TON network expansion project TAC completed a $6.5 million seed round of financing, led by Hack VC and Symbolic Capital, with Primitive, Paper Ventures, Karatage, Animoca Ventures, Spartan Capital, TON Ventures and Ankr participating. This round of financing will be used for marketing, developer relations and technology research and development.
BetHog, built on Solana, completes $6 million seed round, led by 6 MV
On November 12, cryptocurrency sports betting platform BetHog announced the completion of a $6 million seed round of financing, led by 6 MV, with participation from Will Ventures, Bullpen Capital, and others.
Web3 gaming company Monster League Studios has completed 3.7 million euros in financing
On November 13, Monster League Studios, the Barcelona-based Web3 gaming company behind the blockchain game Mokens League, announced that it had raised 3.7 million euros in funding. Investor information has not been disclosed. The new funds are intended to support the development of the Mokens League gaming ecosystem, including in-game purchases, player rewards, and the use of utility tokens. It is reported that the company has been incubated by Google this year.
Web3 AI company Eidon completes $3.5 million seed round of financing, led by Framework Ventures
On November 12, Web3 AI company Eidon completed a $3.5 million seed round of financing, led by Framework Ventures and participated by cyber.Fund. Eidon incentivizes users to provide data for training AI models. The ultimate goal is to create a decentralized AI network. It is reported that its first network version is scheduled to be launched on November 12.
Filecoin L2 solution Akave completes $3.45 million in financing and launches Yucca testnet
On November 11, according to Akave official news, the decentralized data storage project Akave successfully completed a financing of US$3.45 million, with Protocol Labs, Blockchange VC, Lightshift and Blockchain Builders Fund participating in this round of financing. This round of financing will be used to accelerate Akaves on-chain data management.
Tranched Completes $3.4 Million Financing, Speedinvest Leads Investment
On November 13, Tranched, a blockchain-embedded asset financing platform headquartered in London, announced the completion of a $3.4 million financing led by Speedinvest, with participation from startup accelerators a16z CSX, Blockwall, Kima and OVNI Capital. The specific valuation information has not been disclosed. Tranched aims to simplify the asset financing process through blockchain technology and eliminate the structural complexity and high fees involved in securitization. The new funds will support its business scope to expand from Europe to lenders, credit funds, asset management companies and banks.
On November 14, Web3 education platform Academic Labs announced on X platform that it has completed a new round of financing of US$3.2 million. UOB Ventures Management, Signum Capital, HTX Ventures, Web Master, WIDUSPartners, DWF Ventures, Blockchain for Good Alliance, AsiaTokenFund, and Citystate Group participated in the investment. The specific valuation information has not been disclosed yet.
DeFi platform Folks Finance completes $3.2 million Series A financing, led by Borderless Capital
On November 14, the DeFi platform Folks Finance announced that it had completed a $3.2 million Series A financing with a valuation of $75 million, led by Borderless Capital, with participation from Algorand Ventures, Mapleblock Capital, and Sovo Ventures. So far, the total financing amount of Folks Finance has reached $6.2 million.
❜mbd completes $3 million Pre-seed round of financing, led by Mask Network and Polymorphic Capital
On November 11, Web3 recommendation system ❜mbd completed a $3 million Pre-seed round of financing, led by Mask Network and Polymorphic Capital, with participation from a16z CSX, Forward Research, Social Graph Ventures, and WAGMI Ventures.
BIO Protocol Completes $2.9 Million Genesis Round 2.5 Community Funding
On November 13, according to official news, the DeSci project BIO Protocol announced the completion of the Genesis Round 2.5 of $2.9 million community token financing, and the total value of assets redeemed by users for BIO reached $2.93 million. This investment is Binance Labs first investment in the DeSci field. BIO Protocol aims to use blockchain technology to change the way early scientific research is financed and commercialized.
On November 14, Web3 health technology startup Pulse announced the completion of a $1.8 million Pre-Seed round of financing, led by Collab+Currency and Lemniscap.
On November 15, Shipfinex, a maritime asset tokenization financial technology platform, announced the completion of a $1.5 million seed round of financing, led by Gaurav Mehta, Chairman of Best Oasis Limited and SPM Shipping DMCC, and participated by Vivek Seth, Senior Vice President of ADNOC Logistics Services, and Yasovardhan Chinn, founder of Nanlian Ship Management LLC. The specific valuation information has not been disclosed. The new funds will support its partial ownership of maritime assets through blockchain, thereby realizing the democratization of maritime finance, and cooperating with the supervision of the Dubai Virtual Asset Regulatory Authority (VARA) to develop a safe and compliant maritime asset token (MAT) market.
On November 12, Brazilian blockchain startup Multiledgers announced the completion of a new round of financing of US$1 million, led by Oxygea Ventures and Indicator Capital (invested US$475,000 each), and participated by Koyamaki Ventures (invested approximately US$50,000). The company plans to use the new funds to help companies create, manage and integrate networks to manage and authenticate information and assets. Its main use case is to manage environmental certificates on-chain to ensure compliance.
iGaming platform Betski completes $345,000 Pre-Seed round of financing
On November 12, iGaming platform Betski announced the completion of a $345,000 Pre-Seed round of financing. It is reported that this round of financing was completed by a combination of 2% equity and 2.25% token supply from early supporters and global participants in Panama, but the specific investor information has not been disclosed. The new funds intend to support the platform to expand its marketing strategy, enhance its product offerings and rapidly expand its scale.
Zerion completes new round of financing and launches gas-free second-layer network ZERO Network
On November 12, Zerion launched the “free” Ethereum second-layer network ZERO Network, which allows Zerion Wallet users to trade, mint, exchange, and bridge without paying gas fees, using native account abstraction with smart accounts and payers to provide free transactions for Zerion wallet users. Zerion also announced that it had received an undisclosed amount of financing support from angel investors.
On November 13, the social competition platform MiniTon announced the completion of its seed round of financing. This round of financing was participated by Waterdrip Capital, Alchemy Pay, CGV, Web3Port Foundation, PangDAO Head Ricky, OGBC Innovation Hub Founder Jayden Wei and other parties. MiniTon is a project initiated with the funding of TON Foundation.
