According to Foresight News , there were 18 investment and financing events in the crypto market from December 7, 2024 to December 13, 2024, including 3 in tools and infrastructure, 3 in DeFi, 6 in asset management, 1 in blockchain games and NFT, and 5 in Web3. The total amount of investment and financing disclosed was approximately US$278 million.
Summary of total disclosed financing amount and financing number at weekly level:
This week's investment and financing projects are sorted by financing amount as shown below:
This week, there was one financing of over 100 million US dollars. Hengfeng International has completed raising 100 million US dollars in financing to build the Web3 ecosystem FO-X. There were 9 financings of tens of millions of dollars, including the smart contract platform Waterfall Network, which completed a new round of financing of US$11.6 million; the stablecoin payment platform KAST completed a seed round of financing of US$10 million, led by Peak XV and others; the Bitcoin mining company BTC Digital raised US$20 million through a public offering; the crypto AI project Exabits completed a seed round of financing of US$15 million, led by Hack VC; the digital asset holding company COSIMO completed a financing of US$25 million; the Web3 AI cloud startup Hyperbolic completed a US$12 million Series A financing, led by Variant and Polychain Capital; the Bitcoin buying and selling application Relai completed a US$12 million Series A financing; Klickl completed a US$25 million Series A financing, led by Web3Port Foundation and Aptos Labs; the Bitcoin lending platform Lava completed a US$10 million Series A financing, with Founders Fund and Khosla Ventures participating.
In the investment and financing segments, asset management and Web3 fields were both hot this week, while NFT and blockchain games were relatively sluggish.
In terms of institutions, active institutions this week include Hack VC, Dragonfly Capital and Polychain Capital, which mainly focus on the asset management field.
Tools and Infrastructure
Blockchain startup Commonware completes $9 million in funding
Founded by former Ava Labs executive Patrick O'Grady, Commonware provides developers with an "anti-framework" - all the basic building blocks needed to build a blockchain, aiming to go beyond standardized general-purpose software toolkits.
Waterfall Network Completes $11.6 Million in Financing
Launched in July 2024, Waterfall Protocol is a Layer 1, scalable, decentralized smart contract platform developed by software development company BlueWave based on DAG technology and fast finality PoS consensus. It is compatible with the Ethereum Virtual Machine (EVM).
Bitcoin mining company BTC Digital raises $20 million in public offering
BTC Digital is committed to expanding its mining business and enhancing its computing power deployment capabilities through sustainable green energy solutions. BTCT also plans to strengthen its internal R&D capabilities and promote technological innovation.
DeFi
Superform Completes $3 Million Financing
Superform is a cross-chain yield marketplace.
DeFi protocol Spicenet completes $3.4 million seed round of financing
Spicenet integrates settlement and market makers into a single network and allows two forms of liquidity to be provided from other chains without the need to cross-chain assets to Spicenet. In addition, Spicenet will launch its private testnet, and the final bug fixes are currently underway.
Lava completes $10 million Series A financing
Lava is a Bitcoin lending platform.
Asset Management
Digital asset holding company COSIMO completes $25 million in financing
In a statement, COSIMO said the funding is aimed at integrating its many cryptocurrency investment, custody, advisory and brokerage services into "a unified and forward-looking brand."
Stablecoin payment platform KAST completes $10 million seed round of financing
KAST was co-founded by Raagulan Pathy, former head of Circle Asia Pacific, and Daniel Bertoli, former partner of Quona Capital. It is mainly aimed at users in emerging markets. It supports users to hold and use stablecoins through traditional payment channels, and provides credit card services that can be used in standard merchant networks, allowing users to spend their stablecoin assets at merchants that do not support crypto payments.
Cross-border stablecoin payment company Sphere completes $5 million financing
Founded in 2022 by Arnold Lee and Luigi Charles, Sphere enables cross-border payments in stablecoins between businesses by partnering with global fintech companies and licensed remittance service providers, and can exchange stablecoins for local fiat currency at the destination.
AgriDex Completes $4 Million Strategic Round of Financing
AgriDex is a Solana-based agricultural product tokenization platform.
Neptune Protocol Completes $3.9 Million Seed Round
Neptune Protocol will launch a native stablecoin USDN that supports Eclipse.
Relai completes $12 million Series A financing
Relai is a Bitcoin buying and selling application.
NFT and blockchain games
Fantasy.top Completes $4.25 Million Seed Round Financing
Fantasy.top is a decentralized card game based on Blast. Fantasy.top has released its second-generation product Fantasy V2 and is also planning to launch a native mobile application.
Web3
Crypto AI project Exabits completes $15 million seed round of financing
Exabits is a crypto AI startup focused on GPU tokenization. It started raising funds in July this year and completed this round of financing in October. The company previously raised two rounds of financing totaling approximately US$5 million.
Soarchain Completes $4.5 Million Funding
Soarchain is a DePIN project that combines artificial intelligence and modularity. Soarchain integrates users' cars into a secure real-time data network to support applications that improve safety, efficiency and sustainability.
Hengfeng International has completed raising $100 million in financing to build the Web3 ecosystem FO-X
Web3 ecosystem FO-X launched its first product, instant messaging software FoChat, which is positioned as a Web3 investment and communication platform for ordinary people.
Hyperbolic Completes $12 Million Series A Financing
Hyperbolic is a Web3 AI cloud startup.
Klickl Completes $25 Million Series A Funding
Klickl is a Web3 banking service based in the UAE.
