According to incomplete statistics from Odaily Odaily, there were 33 blockchain financing events announced at home and abroad from April 8 to April 14, which was a decrease from last week's data (38). The total amount of financing disclosed was approximately US$537 million, a significant increase from last week's data (US$222 million).
Last week, the project that received the most investment was Layer 1 blockchain Monad Labs ($250 million); Bitcoin mining machine manufacturer Auradine followed closely behind ($80 million).
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and M&A events; 3. * indicates a "traditional" company whose business involves blockchain):
Layer 1 blockchain Monad Labs completes $225 million in financing, led by Paradigm
On April 9, Layer 1 blockchain Monad Labs announced the completion of a $225 million financing led by Paradigm, with participation from Electric Capital, SevenX Ventures, IOSG Ventures and Greenoaks. The project intends to challenge competitors such as Solana and Sui. It is reported that this transaction is the largest cryptocurrency financing so far in 2024.
On April 10, Bitcoin mining machine manufacturer Auradine announced the completion of an $80 million Series B financing round, with participation from StepStone Group, Top Tier Capital Partners, MVP Ventures, Maverick Capital, Celesta Capital, Mayfield Fund and Marathon Digital. It is reported that this round of financing was in the form of a mixture of equity and debt, with a valuation of more than $500 million.
On April 12, L1 public chain Berachain announced that the size of its Series B financing has increased to US$100 million, about 45% higher than previously reported. This round of financing was jointly led by Brevan Howard Digital's Abu Dhabi branch and Framework Ventures, with participation from institutions such as Polychain Capital, Hack VC and Tribe Capital.
On April 9, Thesis, the developer of Bitcoin L2 network Mezo, completed a $21 million Series A financing round, led by Pantera Capital and participated by Multicoin, Hack VC, Draper Associates and others.
Singapore Web3 Smart Market Maker Exchange Ubit Completes US$20 Million Series A Funding
On April 8, Singapore's Web3 smart market maker exchange Ubit completed a US$20 million Series A financing round. The investor information has not been disclosed yet. It is reported that the new funds will be used to accelerate the development of the exchange ecosystem, promote its technology development, team expansion and global promotion, aiming to create a more attractive social trading experience.
On April 10, Bitcoin L2 development company Alpen Labs announced the completion of a $10.6 million financing round, led by Ribbit Capital, with participation from Castle Island Ventures, Robot Ventures, and Axiom Capital. Alpen Labs developed the Bitcoin Rollup infrastructure last year, aiming to introduce smart contract functionality to the Bitcoin network.
DePIN company Uplink completes $10 million financing, led by Framework Ventures
On April 11, DePIN company Uplink announced the completion of a $10 million financing led by Framework Ventures. It is reported that Uplink aims to reduce dependence on traditional centralized telecommunications providers and incentivize users and businesses to participate in and use the network by rewarding tokens.
On April 8, Young Protocol, a multi-chain one-click interaction SocialFi project, announced on April 1 that it had completed a Pre-Seed round of financing with a valuation of US$8 million. The specific amount of financing was not disclosed. Eureka Meta Capital led the investment. Young Protocol stated that its community will be launched in April.
On April 9, Web3 beauty startup Kiki World announced the completion of a $7 million seed round of financing, with participation from a16z Crypto, Estee Lauder's New Incubation Ventures, OrangeDao and 2 Punks Capital. Kiki World only helps consumers co-create products with the help of Web3 technology, allowing community members to vote on the features they want before beauty products are produced.
On April 8, blockchain expansion infrastructure provider Lumoz completed a $6 million Pre-A round of financing with a valuation of $120 million. OKX Ventures, HashKey Capital, KuCoin Ventures, Comma 3 Ventures, Kronos Ventures, Kernel Ventures and Polygon co-founder Sandeep Nailwal participated in the investment.
On April 11, decentralized GPU infrastructure company GPU.net announced the completion of a $5.25 million Series A financing round, with Momentum 6, Spicy Capital, Exnetwork Capital, BlackDragon, Crypto Banter, Fusion 7 Venture Capital, Alex Becker, EllioTrader and others participating in the investment.
Sapien Completes $5 Million Seed Round with Primitive Ventures and Others
On April 9, blockchain AI data labeling startup Sapien announced the completion of a $5 million seed round of financing, with participation from Primitive Ventures, Animoca, Ravikant Capital and Yield Guild Games. Sapien will use the funds to enhance its artificial intelligence to better guide and assist its data labeling, and will also be used to expand Sapien’s blockchain infrastructure to build its manual labeling team.
AI company Mindverse completes $5 million seed round of financing, led by Square Peg
On April 11, Singaporean AI company Mindverse completed a $5 million seed round of financing, led by Square Peg. Mindverse will use this round of financing to further conduct research and product development to advance its large-scale personalized model.
Web3 game studio Sortium completes over $4 million in financing, led by Signum Growth
On April 11, Sortium, a Web3 game studio focused on generative AI, announced the completion of over $4 million in financing, led by Signum Growth, with participation from Cathie Wood's ARK Investment Management LLC, IDG Blockchain, IVC Fund, Polygon and 1881 S Group AG. Sortium will use this round of financing to expand operations and development work.
On April 11, Web3 social protocol Tomo announced the completion of a $3.5 million seed round of financing, led by Polychain Capital, with participation from Consensys, Symbolic Capital, OKX Ventures, Nomad Capital, Story Protocol, dao 5, KuCoin Ventures and HTX Ventures. Tomo did not disclose the valuation or structure of this round of financing.
On April 11, blockchain prediction layer Azuro announced the completion of a $3.5 million financing, with SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Red Beard Ventures, Dewhales and G 1 Ventures participating. Azuro supports most sports markets and other games, providing a decentralized platform to support the creation of diverse applications, integrations and products.
On April 11, Web3 institutional lending and yield product platform OpenTrade announced the completion of a $3.2 million seed round of financing, with participation from a16z Crypto Startup Accelerator (CSX), CMCC Global, Draper Dragon, Ryze Labs and Plassa Capital. OpenTrade is an on-chain institutional lending and yield product platform built on Circle's payment and DeFi infrastructure, allowing regulated asset management companies to create on-chain lending products that can afford yields.
On April 11, the cross-chain protocol Mayan announced the completion of a $3 million seed round of financing, led by Borderless Capital and 6th Man Ventures, with participation from Solana Ventures, Hash 3, Big Brain Holdings, and Arrington Capital.
Storm Labs Completes $3 Million Funding, Led by Electric Capital
On April 9, the on-chain investment project Storm Labs completed a $3 million financing, led by Electric Capital, with participation from Accomplice, Robot Ventures, Daedalus and well-known angel investors in the industry. It is reported that Storm Labs will use this round of financing to establish Cove, an on-chain portfolio manager, which aims to allow users to build and manage customized DeFi portfolios without manual operations, solving problems such as losses and rebalancing.
Blockchain recruitment company Veremark raises $3 million, led by Samaipata and Stage 2 Capital
On April 11, Veremark, a London-based blockchain recruitment and background check service company, announced that it had completed a $3 million (£2.4 million) financing round, led by Samaipata and Stage 2 Capital, with participation from ACF Investors and Vulpes Investment.
On-chain RWA project Zoth raises $2.5 million, led by Blockchain Founders Fund
On April 10, the on-chain RWA portal project Zoth completed a US$2.5 million financing, led by Blockchain Founders Fund, with participation from Borderless Capital, Mindativity Capital, YAP Capital, Momentum 6, Singularity DAO, Aztlan Capital, Outlier Ventures, Decubate, Wormhole Ecosystem Fund and others.
On April 13, the decentralized Internet bandwidth sharing network Multisynq announced on the X platform that it had completed a $2.2 million seed round of financing, led by Manifold, with participation from ARKN Ventures, PHD Capital, EnigmaFunge, AlphaCrypto, Republic Crypto, and a group of angel investors. Multisynq enables individuals to sell excess Internet bandwidth to developers, thereby achieving monetization and achieving the goal of Internet bandwidth sharing.
On April 8, the gamified on-chain trading platform Spotlight announced the completion of a $2 million financing round, with Folius Ventures participating in the investment. Its trading platform Spotlight Market mainly uses gamification to attract users to improve the liquidity of on-chain and off-chain assets. In addition, Spotlight also focuses on discovering and planning high-quality DeFi projects, guiding users to identify promising DeFi opportunities through expert analysis and insights.
On April 13, according to official news, Manta ecosystem L3 network Gull Network announced the completion of a US$1.6 million private round of financing, led by Morningstar Ventures and Ozaru Ventures, with participation from GBV, MH Ventures, Banter Capital, Sky Vision Capital, Asteroid Capital, Andromeda Capital, Momentum 6 and others.
On April 13, the decentralized derivatives trading platform Stream Trading completed a $1.5 million seed round of financing with a valuation of $20 million, with Polychain participating in the investment.
Web3 game distribution platform GameCene completes $1.4 million seed round of financing
On April 14, Web3 game distribution platform GameCene announced the completion of a $1.4 million seed round of financing. Investor information has not been disclosed yet. Its platform mainly helps developers easily build and distribute blockchain games by building a full-chain game software development kit (SDK).
On April 8, the decentralized AI network project Ritual received millions of dollars in additional investment from venture capital firm Polychain Capital. The specific amount has not yet been disclosed. According to previous news, Ritual had completed a $25 million financing in November 2023, led by Archetype, with participation from Accomplice and Robot Ventures.
NuLink Completes New Round of Financing, DWF Labs Joins the Investment
On April 9, data privacy solution NuLink announced on the x platform that it had completed a new round of financing. Web3 investment company DWF Labs participated in the investment and reached a strategic cooperation with it.
On April 9, AI-driven crypto application Sharpe Labs announced on the X platform that it had completed its seed round of financing. Animoca Brands, GBV Capital, Maven Capital, Metabros, Morningstar Ventures, Contango Digital Assets, Ape Terminal and AIT Protocol participated in the investment. The specific amount of financing has not been disclosed.
HTX Ventures announces strategic investment in Tomo to support SocialFi innovation
On April 11, HTX Ventures recently announced a strategic investment in the comprehensive Web3 social application Tomo. This investment marks that HTX Ventures recognizes Tomo’s strategic position in the Web3 field, believes in SocialFi’s transformative potential, and will be committed to broadening and enhancing the influence and ease of use of Web3 technology.
On April 12, this week, the modular computing layer Lumoz disclosed that it had completed a new round of financing with a valuation of US$120 million, with participation from OKX Ventures, HashKey Capital, KuCoin Ventures, etc. As of now, Lumoz has raised a total of US$10 million. The team revealed that the new funds will be used to expand the Lumoz team and further accelerate the platform construction and technological innovation of its Modular Compute Layer and ZK-RaaS. In addition, Lumoz is expected to launch the mainnet in Q3.
On April 13, the AI-driven Injective ecosystem asset management protocol Black Panther announced on the X platform that it had completed a new round of financing, with participation from Vessel Capital, Taureon, DojiSwap, NxGen.lens, CSP DAO, Kahuna, and Swiss Funders Fund. The specific amount has not yet been disclosed. Black Panther's asset management protocol helps users earn returns through smart vaults and automated trading strategies. The protocol uses its native token BLACK for governance, staking rewards, and incentive programs within the ecosystem.
On April 13, Jigsaw, a DeFi project focusing on dynamic collateral, announced on the X platform that it had completed a new round of financing. Tempo, Manifold, Rarestone Ventures, Space Whale Capital, Duplicate Capital, Pastel Alpha, Perridon Ventures, Digits Ventures and DCD participated in the investment. The specific amount of financing has not been disclosed yet.
