According to Odaily Planet Daily's incomplete statistics, there were a total of 30 blockchain financing events announced from December 9 to December 15, a significant increase from the previous week's data (20 events). The total disclosed financing amount was approximately $679 million, a substantial increase from the previous week's data ($218 million).
Last week, the project with the highest investment amount was the public chain Avalanche Foundation ($250 million); the European AI cloud company Nscale, a subsidiary of the bitcoin mining company Arkon Energy, closely followed ($155 million).
The following are the specific financing events (note: 1. Ranked by disclosed amount; 2. Excluding fund-raising and M&A events; 3. * for "traditional" companies with partial blockchain-related businesses):
On December 12, the Avalanche Foundation announced that it had raised $250 million through a private token sale to fund its blockchain platform, with Galaxy Digital, Dragonfly, and ParaFi Capital, as well as more than 40 other companies participating. It is reported that this is not the first time Avalanche has raised a large amount of funds. As early as December 2021, at the peak of the previous cryptocurrency bull market, the Avalanche Foundation raised $230 million in a similar token sale.
Bitcoin mining company Arkon Energy's Nscale raises $155 million, led by Sandton Capital Partners
On December 10, Nscale, the European AI cloud company of bitcoin mining company Arkon Energy, completed a $155 million financing, led by Sandton Capital Partners, with Kestrel, Bluesky Asset Management, and Florence Capital participating, which will drive its growth plans in Europe and North America.
On December 12, Hengfeng International announced the completion of $100 million in financing, of which $50 million was invested by Chairman Qian Fenglei, and the remaining funds came from 50 investors. This round of financing will be used to build the Web3 ecosystem FO-X (fo.com), with the first product being the instant messaging software FoChat, positioned as a Web3 investment and exchange platform for the general public.
On December 10, the UAE-based Web3 banking service provider Klickl International announced the completion of a $25 million Series A financing, with a valuation of $125 million. This round of financing was co-led by Web3Port Foundation and Aptos Labs, with participation from Summer Ventures, Heritage Horizon Capital, V2 Capital, and others.
On December 11, the digital asset holding company COSIMO, founded in 2014, is raising $25 million, with Eolas Capital co-founder and former Bridgewater and Mellon executive Des Mac Intyre leading the investment.
On December 11, the publicly listed bitcoin mining company BTC Digital (NASDAQ: BTCT) announced the completion of a $20 million underwritten public offering. The company is committed to expanding its mining business through sustainable green energy solutions and enhancing its computing power deployment capabilities. BTCT also plans to strengthen its internal R&D capabilities to drive technological innovation.
On December 11, the cryptocurrency AI startup Exabits, which focuses on tokenizing GPUs, completed a $15 million seed round financing at a $150 million valuation, led by Hack VC, with several other unnamed investors participating. Co-founder Hoansoo Lee said Exabits started fundraising in July and completed the financing in October. He declined to comment on the structure of this round of financing but said they would launch a token in the future.
On December 10, the Web3 AI cloud startup Hyperbolic announced the completion of a $12 million Series A financing, led by Variant and Polychain Capital, with participation from Chapter One, Lightspeed Faction, Bankless Ventures, GSR, IOSG, Vertex, Blockchain Builders Fund, Wintermute, Alumni Ventures, and Ambush Capital, as well as multiple angel investors. With this investment, Hyperbolic has increased its total investment to $20 million.
BTC trading and custody app Relai completes $12 million Series A financing, led by Ego Death Capital
On December 10, the Switzerland-based BTC trading and custody app Relai completed a $12 million Series A financing, led by the bitcoin venture capital firm Ego Death Capital, which has committed to raising $4 million for this financing. Other participants include Plan B Bitcoin Fund, Timechain, and Solit Group.
On December 9, the bitcoin lending platform Lava completed a $10 million Series A financing, with Khosla Ventures and Founders Fund participating. According to Lava founder and CEO Shehzan Maredia, the platform allows users to use bitcoin as collateral for loans, with the slogan "Save with Bitcoin, Spend with Dollars".
MegaLabs, the developer of MegaETH, completes $10 million financing through the Echo platform
On December 14, MegaLabs, the developer of MegaETH, completed $10 million in financing through the Echo platform.
MegaLabs co-founder Shuyao Kong said that the structure of this round of financing is equity plus token warrants, the same as the $20 million seed round financing in June. In addition, the valuations of the two rounds of financing are both in the hundreds of millions of dollars.
On December 12, the stablecoin-driven new bank KAST completed a $10 million seed round financing, co-led by Peak XV and HongShan, with participation from partners of DST Global and Goodwater Capital. KAST declined to disclose its user numbers or valuation, but said its growth in the first four months of operation has exceeded expectations. Peak XV and HongShan are the Indian and Chinese investment firms that spun off from investment giant Sequoia last year.
Blockchain startup Commonware raises $9 million, with Haun Ventures and Dragonfly Capital co-leading the investment
On December 12, the blockchain startup Commonware completed a $9 million financing, with Haun Ventures and Dragonfly Capital co-leading the investment, and numerous well-known cryptocurrency developers such as Smokey the Bera from BeraChain, Zaki Manian from Cosmos, Sreeram Kannan from EigenLayer, Dan Romero from Farcaster, and Mert Mumtaz from Helius participating.
Fantasy.top completes $4.25 million seed round financing, led by Dragonfly
On December 13, the decentralized card game Fantasy.top based on Blast announced the launch of the second version of its platform, Fantasy V2, and completed a $4.25 million seed round of financing. The round was led by Dragonfly, with Manifold Ventures participating.
On December 13, the tokenization platform AgriDex based on Solana completed a $4 million strategic round of financing, led by Portal Ventures, with participation from Endeavour Ventures, Hawkwood Capital, HU Investments, FS Ventures and Sycamore Gap Management Ltd. Company. Angel investors, including Tobechi Bolanle Taiwo of Palantir and Anna Yuan of Perena, also participated in this round.
Neptune Protocol completes $3.9 million seed round, with Animoca Ventures participating
On December 10, the decentralized lending platform Neptune Protocol announced the completion of a $3.9 million seed round of financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings and Maelstrom, as well as Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise 3 Ventures, Stake Capital, Optic Capital and Relayer Capital. The new funds will be used to support the launch of its native stablecoin USDN for Eclipse, fund comprehensive security audits to strengthen the protocol, and support team expansion.
On December 13, the decentralized derivatives protocol Symmio announced that it has completed $3.1 million in financing, with investment firms such as Spartan Group, Orbs, MCLB and Blockchain Founders Fund investing about $2.1 million, and MS 2 Capital, GMoney and Prime Ventures being early investors in the company.
On December 11, Perena, founded by Anna Yuan, former head of stablecoins at the Solana Foundation, completed a $3 million Pre-Seed round of financing, led by Borderless Capital, with participation from Binance Labs, Primitive Ventures, ANAGRAM, Maelstrom, Breed VC, Temporal, ABCDE Labs, SevenX Ventures, Pivot Global, Miton, and Graph Ventures.
Superform Labs completes $3 million strategic round, led by VanEck Ventures
On December 12, cryptocurrency investment application developer Superform Labs announced the completion of a $3 million strategic round of financing, led by VanEck Ventures, with participation from Polychain Capital, CMT Digital, Amber Group, Node Ventures, BlockTower Capital, Heartcore Capital, Maven 11 Capital and UpTop Capital. The company has now raised a total of $9.5 million.
Sei ecosystem lending protocol Yei Finance completes $2 million seed round, led by Manifold
On December 14, the decentralized lending protocol Yei Finance announced the completion of a $2 million seed round of financing. The round was led by Manifold, with participation from DWF Ventures, Kronos Research, Outlier Ventures, Side Door Ventures and WOO.
On December 13, the Solana ecosystem institutional-grade spot trading service Uranium Capital announced the completion of a $1.7 million Pre-Seed round of financing, led by Portal Ventures, with participation from Framework Ventures, Karatage, Santiago R Santos, YanoMarc Weinstein, and Nansen CEO Alex Svanevik. The new funds will be used to support seamless trading in underfinanced and heavily regulated industries, allowing licensed buyers to settle physically, ensuring accessibility and regulatory compliance.
On December 9, the decentralized Web3 communication platform Dechat completed a $1 million financing round, with Mindspace Solutions participating. The valuation information has not been disclosed.
Mandala Chain completes $1 million Pre-Seed round, led by Harbour Industrial Capital
On December 9, Mandala Chain, an L1 blockchain focused on connecting emerging market enterprises and the retail sector, announced the completion of a $1 million Pre-Seed round of financing, led by Harbour Industrial Capital, with participation from O-DE Capital and NLS Ventures. The new funds will be used to drive the provision of scalable real-world solutions.
Tokenization data platform Inveniam receives investment from UAE AI company G 42
On December 15, the United Arab Emirates artificial intelligence company G 42 has invested in the tokenization data platform Inveniam, with the specific amount undisclosed. Inveniam has raised over $120 million to date. G 42 has 25,000 employees across seven AI subsidiaries, with business spanning the energy sector, healthcare and data centers.
Prosper purchases 7,000 ASIC miners from Bitmain and completes strategic financing
On December 13, the RWA protocol Prosper announced the purchase of 7,000 ASIC miners from Bitmain, and the completion of strategic financing with participation from Metalpha, Waterdrip Capital, BIT Mining and Satoshi Protocol, with the specific financing amount undisclosed.
On December 13, Privasea, supported by Binance Labs, completed a new round of financing, with Lunar Labs Capital participating. The specific investment amount has not been disclosed. Privasea had previously received investment from OKX Ventures to support the construction of its AI-driven FHEML solution, building a decentralized computing network to provide scalable computing resources for AI tasks.
On December 12, the Web3 AI agent project ChainAware.ai announced the completion of a new round of financing, led by ChainGPT Labs, with coinix participating. The specific investment amount and valuation information have not been disclosed. The new funds will be used to support its fraud detection and wallet behavior assessment analytics on Ethereum, Polygon, BNB Smart Chain and the TON network, to enhance Web3 security and user engagement.
Enterprise blockchain development company Settlemint receives investment from Hashgraph Group
On December 11, the enterprise blockchain development company Settlemint received an investment from Hashgraph Group (THG), which is associated with the Hedera DLT. The specific amount was not disclosed. This latest financing comes after Settlemint completed a $16 million Series A round in 2022.
Blockchain development company ProvLabs completes seed round, with Animoca Brands participating
On December 11, the blockchain development company ProvLabs, which provides infrastructure technology solutions, announced the completion of a seed round of financing, led by Morgan Creek Digital and GateCap Ventures, with participation from Animoca Brands, BlockChange Ventures, CMT Digital, Medalist Partners, Serengeti Asset Management, The Operating Group, Thirdstream Partners and Walden Bridge Capital. The specific financing amount and valuation information have not been disclosed.
On December 9, the Web3 action shooter game Shutdown announced the completion of a new round of financing, with Connectico Capital participating. The specific financing amount and valuation data have not been disclosed. The game is built on Unreal Engine and will support both PC and mobile platforms, with the team members mainly coming from Ubisoft, NetEase, Disney and Pixar.
