Compiled by: Golden Finance
This week, 26 blockchain startups raised $209.8 million in funding; Block Mining Group raised $92.5 million in M&A financing; 12 companies received pre-seed and seed investment rounds; 14 projects received other rounds of investment.
The largest financing round this week
Block Mining Group (formerly Blockware Mining)
Block Mining Group is a Chicago, Illinois-based provider of Bitcoin mining infrastructure and hosting services. The company operates in the United States, building and deploying data center infrastructure that supports the Bitcoin network.
Seed and Initial Funding
aPriori
Raised: $8 million
Funding Type: Seed Round
Investors: Pantera Capital, ABCDE Capital, Chorus One, CMS Holdings, ConsenSys, Everstake Capital, Flow Traders, Laser Digital, Manifold, OKX Ventures, Selini Capital, Staking Facilities, Vessel Capital, Hongbo Tang, Paul Kim, Spencer Noon
aPriori is committed to revolutionizing decentralized finance (DeFi) by providing innovative financial products and services. The platform provides users with optimized yield strategies, secure asset management, and seamless integration with various blockchain networks. aPriori aims to democratize access to complex financial instruments, allowing users to minimize risk while maximizing returns. By leveraging cutting-edge technology and a user-centric approach, aPriori will redefine the DeFi landscape, making it more accessible and efficient for everyone.
Kuru
Raise: $2 million
Funding type: Seed round
Investors: Electric Capital, Brevan Howard Digital, CMS Holdings, Pivot Global, Breed VC, Velocity Capital, Keone Hon
Kuru is an on-chain order book exchange built on the Monad blockchain, designed to provide high-speed and scalable trading solutions for decentralized finance (DeFi) enthusiasts. Kuru leverages Monad's advanced blockchain technology to provide processing capabilities of up to 10,000 transactions per second, ensuring low latency and high throughput. The platform aims to provide a robust and efficient trading experience by integrating a sophisticated order matching and liquidity management system. Focusing on security and user experience, Kuru will redefine decentralized trading with its innovative approach.
Kintsu
Raised: $4 million
Funding type: Seed round
Investors: Castle Island Ventures, Brevan Howard Digital, CMT Digital, The Spartan Group, Breed VC, CMS Holdings, Animoca Ventures, Reciprocal Ventures, F-Prime Capital, LBANK Labs, Mike Dudas
Kintsu is a new generation of liquid staking infrastructure platform designed to enhance the DeFi ecosystem. It allows users to stake gas tokens into the Kintsu Vault and receive liquid staking tokens (LST) that grow with the staking pool. Kintsu delegates staking to a decentralized validator registry, ensuring secure and efficient staking rewards. The platform integrates zero-knowledge cryptography and multi-party computation technology to improve security and scalability. Kintsu also operates a strong governance model through decentralized decision-making, quarterly elections, and DAO control.
Multiple Network
Raised: $2 million
Funding type: Seed round
Investors: OKX Ventures, Youbi Capital, Puzzle Ventures, CatcherVC, Stratified Capital, Bitrise Capital
Multiple is a DeFi platform designed to optimize yield generation on crypto assets. It utilizes sophisticated algorithms and strategies to maximize returns on users' deposits across a variety of DeFi protocols. By providing an intuitive interface and strong security measures, Multiple simplifies the process of earning interest on crypto assets, ensuring that both experienced and novice users can benefit from DeFi opportunities. The platform provides real-time analysis and insights, enabling users to make informed decisions and achieve better financial outcomes.
BitFi
Raise amount: Undisclosed
Funding type: Seed round
Investors: Fundamental Labs, IBC Group, Cryptogram Venture (CGV)
BitFi is a CeDeFi platform that combines secure staking mechanisms and innovative synthetic assets to create a dynamic ecosystem. By leveraging advanced on-chain technology and comprehensive off-chain quantitative strategies, BitFi optimizes the returns of staking assets on multiple blockchains. The platform offers products such as BitFi synthetic dollars and Internet bonds, providing users with enhanced returns and trading opportunities. BitFi's roadmap includes crypto staking, re-staking, CeFi integration, and TradFi transformation, aiming to bridge the gap between decentralized finance and traditional finance.
RiskLayer
Raise: Undisclosed
Funding Type: Initial Round
Investors: Antler, Momentum 6 (M6), WAGMI Ventures, Richard Ma, Paul Taylor
RiskLayer is an autonomous risk oracle platform that democratizes application-specific risk sources for Ethereum and Bitcoin. It provides economic security sources for DeFi applications, enabling them to create structured financial products with integrated risk management strategies. By leveraging shared security pools and optimized returns, RiskLayer scales economic security in DeFi, institutional, and retail markets. The platform is powered by $15 billion in heavily staked ETH on EigenLayer, ensuring strong and reasonable user behavior without governance burdens.
RedPill
Raised: $5 million
Funding type: Seed round
Investors: Animoca Brands, Digital Finance Group (DFG), Jsquare, Hypersphere, IOSG Ventures, Outlier Ventures, PAKA, Sanctor Capital, TKX CAPITAL, Gate Ventures, LD Capital, Incuba Alpha, Math Wallet, MEXC, Gavin Wood, Derek Yoo
RedPill AI is an innovative platform that aims to democratize AI by making advanced AI technologies accessible to everyone. RedPill focuses on providing advanced AI solutions, empowering users from all walks of life to leverage AI for their specific needs. The platform provides user-friendly tools and applications designed to simplify the integration and deployment of AI, enabling businesses and individuals to leverage AI-driven insights and automation to improve their operational efficiency and productivity.
Roxom
Raising Amount: $4.3 Million
Raising Type: Initial Round
Investors: Tim Draper, Borderless Capital, Cadenza, Kingsway Capital, Newtopia VC
Roxom is a Bitcoin-denominated market platform that allows users to trade stocks, ETFs, commodities, cryptocurrencies, foreign exchange, and bonds using Bitcoin. The platform aims to revolutionize traditional finance by making Bitcoin the primary currency for trading a wide range of financial assets. Roxom provides a seamless and secure trading experience, leveraging advanced technology to facilitate trading and manage portfolios in a decentralized and transparent manner. By offering a comprehensive suite of financial tools, Roxom empowers users to diversify their investments and take advantage of the growing popularity of Bitcoin.
Network3
Network3.ai is an AI-driven decentralized finance (DeFi) platform designed to optimize liquidity management and increase yield generation. By leveraging advanced machine learning algorithms and blockchain technology, Network3 provides smart asset management solutions for investors and liquidity providers. The platform seamlessly integrates with various DeFi protocols, providing automated trading, portfolio rebalancing, and risk management tools. Network3 aims to democratize access to complex financial strategies by ensuring transparency, security, and efficiency.
Assisterr
Raised: $1.7 million
Funding Type: Initial Round
Investors: Web3com Ventures, Moonhill Capital, Contango Digital Assets, Outlier Ventures, Decasonic, Zephyrus Capital, Wise3 Ventures, Saxon, Koyamaki Ventures
Assisterr AI is a cutting-edge AI platform designed to revolutionize customer service and support. By leveraging advanced artificial intelligence and machine learning, Assisterr AI provides enterprises with automated customer engagement solutions, increasing efficiency and improving user experience. The platform integrates seamlessly with existing systems and provides capabilities such as natural language processing, sentiment analysis, and real-time data insights. Assisterr AI aims to empower organizations to provide personalized, responsive, and scalable customer support, reducing operating costs while increasing customer satisfaction.
Etherfuse
Raise: $3 million
Funding type: Seed round
Investors: White Star Capital, North Island Ventures (NIV), Stellar Development Foundation, FunFair Ventures, Department of XYZ
Etherfuse democratizes access to secure financial investments through blockchain technology. It provides tools, systems, and legal infrastructure to enable global participation in Web3. Etherfuse focuses on creating products such as stable bonds and validator-backed NFTs, ensuring users secure and transparent investment opportunities.
NPC Labs
Raised: $18 million
Funding type: Seed round
Investors: Pantera Capital, Makers Fund, Hashed, Collaboration+Currency, Sfermion, Mirana Ventures, Bitscale Capital, Mantle Network
NPC Labs is an on-chain product distribution company that leverages Web3 tools. It enables the creation, monetization, and expansion of physical items associated with digital assets. By focusing on intellectual property protection and authenticity assurance, NPC Labs supports global logistics and distribution, providing services to creators and suppliers to bring their IP and products to market. NPC Labs is building B3.fun, a game expansion ecosystem based on Base, as its core contributor.
Other Investment Rounds
Mezo
Raising Amount: US$7.5 Million
Raising Type: Strategic Round
Investors: Cathay Ledger Fund, ArkStream Capital, Flowdesk, GSR Markets LTD, Origin Protocol, Mantle Network
Mezo is a Bitcoin native chain where users can cultivate wealth together with their Bitcoin holdings. It provides real utility and honest returns to Bitcoin holders, and promotes a prosperous economy through user asset ownership, Bitcoin-protected EVM compatibility, reliable bridging with tBTC, and a dual-staking model for rewards and verification.
OpenSocial
Raise: $6 million
Raise type: Round
Investors: Framework Ventures, North Island Ventures (NIV), Hivemind, Stratos Technologies, Moonrock Capital, Chorus One, HV Capital, X ventures, Gate Labs, Panga Capital, Aspen Digital, Jordi Alexander, Sreeram Kannan, Luca Netz, Sandeep Nailwal, Gabby Dizon, Cygaar, Regan Bozman
OpenSocial is a multi-chain SocialFi infrastructure that provides scalable and composable protocols for Web3 users, creators and developers. It uses social features as an enabling layer for a variety of use cases, promoting emotional and financial engagement. Developed by Everest Ventures Group, OpenSocial supports modular, code-free deployment on multiple virtual machines, enhancing the multi-chain social economy through flagship dApps and a strong developer community.
Caldera
Raise: $15 million
Funding type: Series A
Investors: Founders Fund, Dragonfly Capital, Sequoia Capital, ArkStream Capital, Lattice Fund
Caldera is a coding-free Web3 infrastructure platform focused on building high-performance, customizable and application-specific second-layer blockchains (Caldera Chains).
DAOBase
Raised: $6 million
Funding Type: Round
Investors: SevenX Ventures, Antalpha Ventures, Y2Z Ventures, LD Capital, MixMarvel DAO Venture, Bitrise Capital, Sebastien Borget
DAOBase is an AI-driven data analytics platform tailored for decentralized autonomous organizations (DAOs). It provides comprehensive insights and analysis to enhance the governance and decision-making process of DAOs. By leveraging advanced artificial intelligence and machine learning, DAOBase provides real-time data analysis, trend forecasting, and strategic planning tools. The platform aims to empower DAOs by providing actionable intelligence, promoting transparency, efficiency, and smart decision-making in the decentralized ecosystem.
Yup
Raise amount: Undisclosed
Raise type: Round
Investors: Nascent, IDEO CoLab Ventures, Dan Romero
Yup is a social network that rewards users for liking and sharing content online.
Panda Titan
Blockchain gaming ecosystem
Stix Protocol
Raise amount: $1.8 million
Raise type: Private financing round
Investor: Presto Labs, Selini Capital, Altcoin Sherpa
Meme competition and promotion platform on Base
Bitlayer
Raise: $11 million
Raise Type: Series A
Investors: Franklin Templeton, ABCDE Capital, Stake Capital, WAGMI Ventures, Flow Traders, FalconX, Skyland Ventures, GSR Markets LTD, Metalpha, 280 Capital, Presto Labs, Caladan, Revelo Intel, GTS Ventures, Cryptonite Capital, Capital6 Eagle, Jets Capital, vVv dotnet, Optic Capital, Fidenza Capital Investment
Bitlayer claims to be the first Bitcoin security-equivalent second-layer solution, built on BitVM. The innovative platform aims to enhance the scalability, efficiency, and security of Bitcoin transactions through its key pillar solutions. Bitlayer hopes to empower developers and users in the Bitcoin community by providing advanced infrastructure for decentralized networks.
Igloo (Abstract L2)
Raise: $11 million
Raise Type: Funding Round
Investors: Founders Fund, Fenbushi Capital, 1kx, Everest Ventures Group (EVG), Selini Capital
The parent company of Pudgy Penguins and OverpassIP, is developing a new second-layer blockchain for consumers called Abstract.
Pluto Studio
Pluto Studio is a GameFi distribution platform that launched the Telegram game Catizen.
Multipool
Raise amount: Undisclosed
Funding type: Funding round
Investor: Kronos Research
Multipool is a decentralized protocol that aims to revolutionize decentralized finance (DeFi) trading. By addressing the challenges in the current DeFi trading environment, Multipool provides traders and investors with efficient, secure and versatile solutions. Through innovative features such as independent on-chain order books, transparent auctions, and repo lending, Multipool provides users with enhanced price execution, fair order execution, and flexible lending options while ensuring the highest levels of security and decentralization.
MetaBeat
MetaBeat is an incentivized community platform that supports and develops the music ecosystem through fan activities. By integrating blockchain technology and NFTs, MetaBeat enables fans to earn rewards by interacting with artists and music content. Fans can support their favorite creators, participate in social media activities, and benefit from the performance of music. MetaBeat converts fan interactions into real value, driving a sustainable and interactive music environment supported by its unique FANomance index.
Zircuit
Raise amount: Undisclosed
Funding type: Funding round
Investors: Binance Labs Fund, Mirana Ventures, Amber Group, Selini Capital, Robot Ventures, Nomad Capital, Borderless Capital
Zircuit is a fully EVM-compatible zero-knowledge rollup that aims to enhance the potential of Web3 by combining powerful infrastructure and zero-knowledge proofs. This unique hybrid architecture provides developers with high performance and security, making transactions faster and less expensive. Currently in the testnet stage, Zircuit allows users to participate in testing, staking programs, and Build to Earn programs, while ensuring compatibility with Ethereum applications and major wallets.
Wilfred
JinseFinance
Nulltx