The following are the specific financing events (sorted according to the announced amount):
The following are the specific financing events (sorted according to the announced amount):
BlockFi confirms completion of US$350 million Series D financing, with a valuation of US$3 billion
Encrypted lending platform BlockFi has confirmed the completion of $350 million in Series D financing, with a current valuation of $3 billion. The round was led by Bain Capital Ventures, DST Global Partners, Pomp Investments, Tiger Global and other new investors. In addition, Paradigm, Morgan Creek Digital, Akuna Capital, PJC, Hudson River Trading, ParaFi Capital, Jump Capital, Kenetic, CMS Holdings, Castle Island Ventures and other investment institutions also participated in this round of financing. BlockFi said the infused funds will be used to launch a bitcoin credit card, expand internationally, and make strategic acquisitions. The company's workforce is expected to grow from 500 to about 1,000 by the end of this year. (The Block)
New York Digital Investment Group (NYDIG) completes US$200 million in financing. The investors are Stone Ridge Holdings Group, Morgan Stanley, New York Life, MassMutual Life, Soros Fund Management and FS Investments. Previously led two rounds of financing for NYDIG Bessemer Venture Partners and FinTech Collective are also among the participants in the round. The CEO of NYDIG said that these companies are not just investors, and that NYDIG will work with them on "Bitcoin-related" programs involving investment management, insurance, banking, clean energy and philanthropy. NYDIG also announced that life insurance companies, annuities, and property and casualty insurance companies collectively have more than $1 billion in direct and indirect Bitcoin exposure, facilitated entirely by NYDIG and held on NYDIG's institutional custody platform. (U. Today)
Cryptocurrency trading start-up FalconX completed $50 million in financing, led by Tiger and B Capital, with participation from Accel, Accomplice VC, American Express Ventures, Coinbase Ventures, CMT Digital, Flybridge Capital Partners, Lightspeed Venture Partners and Fidelity affiliate Avon Ventures. (CoinDesk)
Crypto venture capital firm Pluto completes about $40 million in financing
Pluto Digital Assets PLC, a cryptocurrency venture capital and technology company, announced that it has raised approximately $40 million in its third round of financing, led by Argo Blockchain Plc and joined by two other listed companies, Pires Investments Plc and Riverfort Global Opportunities Plc. (Business Wire)
Argo Blockchain PLC (LON: ARB), a listed mining company in the UK, said that it has completed approximately 26.8 million pounds of financing, which will allow it to complete the follow-up investment in Pluto Digital Assets, and in crypto mining, capital investment, DeFi and Web3.0 plans and general working capital to seek strategic opportunities.
Crypto Custodian Komainu Raises $25M Led by Hedge Fund Manager Alan Howard
Komainu, an encryption custodian established by Nomura Securities, CoinShares and Ledger, completed a $25 million Series A round of financing led by senior hedge fund manager and co-founder of Brevan Howard Asset Management Alan Howard, Galaxy Digital, NOIA Capital and Nomura Research Institute ( NRI) will participate in the investment and will become its strategic partner. (PRNewswire)
Cryptocurrency Exchange BTSE Completes $22M Funding, Valuation Reaches $400M
Cryptocurrency exchange and digital asset technology group BTSE has raised $22 million in Series A funding, valuing it at $400 million. BTSE has attracted investment from many backers, including family offices, led by a family office in Hong Kong, China. Founded in 2018, BTSE provides cryptocurrency spot, futures and wealth management services.
Blockchain company Digihost raises about $25 million to acquire bitcoin mining machines and more
Digihost Technology Inc. (TSXV: DGHI; OTCQB: HSSHF), a blockchain company, announced that it has reached a subscription agreement with certain institutional investors to raise approximately $25 million through private placement of company stock, including 9,363,296 common shares (“ stock") and warrants to purchase up to 9,363,296 shares of common stock. The net proceeds from the private placement will be mainly used by the company to acquire more bitcoin mining machines, expand infrastructure, further reduce energy costs, and use for working capital. (GlobeNewsWire)
Stablecoin ProtocolFei Protocol completes USD 19 million in financing, with participation from A16Z, Coinbase Ventures, Framework, etc.
According to news, the decentralized stablecoin protocol Fei Protocol announced that it has completed a new round of financing of US$19 million jointly participated by A16Z, Framework Ventures, Coinbase Ventures, AngelList founder Naval Ravikant, ParaFi Capital and Variant Fund. (Coindesk)
Enterprise blockchain Concordium raises $15M and completes MVP testnet
Concordium, an enterprise blockchain, has completed the minimum viable product (MVP) testnet and completed a private token sale, receiving an additional $15 million in funding to fund further development.
Bitcoin Brokerage River Financial Completes $12 Million Series A Funding
Bitcoin brokerage River Financial has announced that it has raised $12 million in Series A funding. River Financial has amassed nearly $1 billion in assets under management since launching last summer, said CEO Alex Leishman. (Decrypt)
Privacy payments project MobileCoin (MOB) has raised $11.35 million in its latest two funding rounds, with investors including Future Ventures and General Catalyst. Founded in 2017 in San Francisco, USA, MobileCoin aims to make cryptocurrency transactions quick and easy for everyone, while still maintaining privacy and decentralization. MobileCoin completed a financing of US$30 million in April 2018, led by Binance Labs, and other investors include INB, ZhenFund, Danhua Capital, etc. Signal and Open Whisper Systems founder Moxie Marlinspike joined MobileCoin in August 2017 as a technical advisor. (TechCrunch)
Arianee, a French startup that provides digital ownership solutions, has completed a $9.5 million seed round of financing, which includes equity and tokens. The investors are French investment bank Bpifrance, venture capital fund ISAI, Cygni Labs, Noia Capital and some French technology companies Home. It is reported that Arianee is a luxury brand traceability project based on Ethereum. According to the team, all investors in this round of financing will receive ARIA20 utility tokens in addition to equity. The team is exploring tests related to NFTs and digital fashion, but will still focus on related use cases of provenance tracking technology.
Blockchain development company Blockchain Foundry raises $10 million in private placement
Blockchain Foundry Inc. (CSE:BCFN), a North American blockchain development company, announced that it has signed a securities purchase agreement with certain institutional investors to issue 29,792,595 common shares and warrants in a private placement. The purchase price of the warrants is C$0.3375, and the total funds raised are approximately C$10 million. The warrants have an exercise price of C$0.45 per common share and can be exercised at any time prior to the fifth anniversary of the issue date. (GlobeNewsWire)
Cere Network Completes $5 Million Private Equity Round Led by Republic Labs
Cere Network, a Polkadot ecological decentralized data cloud platform, completed a $5 million private placement round of financing led by Republic Labs, OKEx's Block Dream Fund, Kenetic Capital, NGC Ventures, Woodstock Fund, JRR Capital, Ledger Prime, G1 Ventures, ZB Exchange and Gate Exchange participated in the investment. Cere Network plans to use the funds to acquire a parachain slot and will launch the mainnet at the end of March.
The artificial intelligence blockchain project Fetch.ai (FET) is about to receive a $5 million investment from Toronto-based digital asset company GDA Group, the specific time of which was not disclosed. Fetch.ai will use the funding to research and upgrade existing applications as well as expedite the development of new applications. Additionally, cryptocurrency custody company Fireblocks has added support for FETs. (Coindesk)
NFT game Illuvium announced the completion of a $5 million seed round of financing led by Framework Ventures, LD Capital, IOSG Ventures, Delphi Digital, YBB Foundation Ltd, Stake Capital, Moonwhale Ventures, Lotus Capital, Blocksync Ventures, Bitscale Capital, Spartan Capital, Quantstamp, Yield Guild Games and Bitcoin.com participated in the investment, and individual investors were Kain Warwick (Synthetix), Stani Kulechov (Aave), Anton Bukov (1inch), and Santiago Roel Santos (ParaFi).
Alchemix raises $4.9 million, with participation from CMS Holdings, Alameda Research and others
Alchemix, a DeFi lending agreement, announced that it has received US$4.9 million in financing. 10 investors, including industry leaders CMS Holdings and Alameda Research, as well as emerging crypto venture capital companies such as eGirl Capital, participated in the investment. Other investors were Immutable Capital, Nascent, Protoscale Capital, LedgerPrime, Fisher8 Capital, Orthogonal Trading, and an unnamed individual.
DeFi Protocol Sommelier Raises $3.5M Led by Standard Crypto
The DeFi protocol Sommelier announced that it has received US$3.5 million in financing, led by Standard Crypto, and participated by institutions such as Multicoin Capital, Alameda Ventures, Proper Cygni, and Power Planet Holdings. It is reported that the funds will be used for the development of the Sommelier multi-chain protocol and its DeFi application, which is expected to be launched in the first quarter of 2021.
Cosmos ecological dVPN project Sentinel announced the completion of financing of 3.5 million US dollars, and will launch the mainnet on March 27. Investors in this round of financing include Woodstock Fund, AGE Fund, Atka Capital, Pangea Blockchain, Exnetwork Capital, Zokyo Ventures, 01 Capital, Genblock Capital, Digital Strategies, Advanced Blockchain AG and Mempol Ventures, as well as other institutional and individual investors. Sentinel will use the funds to increase development resources dedicated to the Sentinel Cosmos-based Hub and Sentinel dVPN networks, as well as to grow the community and increase user adoption, among other things.
Polkaswitch, a Polkadot-based cross-chain liquidity protocol, announced the completion of a $3 million seed round of financing led by Arrington Capital and Ascensive Assets, with participation from LD Capital, Signum Capital, Bitscale Capital, DFG, Gestalt Capital, Waterdrip Capital, and Vendetta Capital .
News BCA (BlockCreateArt) and its encrypted art NFT trading platform BCAEX received US$2 million in angel round financing, led by Fenbushi Capital and Zonff Partners, followed by Waterdrop Capital and several angel investors.
Ethereum 2.0 pledge protocol StakeWise completes $2 million financing led by Greenfield One
Ethereum 2.0 staking protocol StakeWise has raised $2 million. It is reported that StakeWise aims to make it easier for Ethereum users to stake Ethereum 2.0. The round was led by Greenfield One with co-financing from Collider Ventures, Gumi Cryptos, Lionschain Capital and private investors. (Decrypt)
DeFi risk management platform Saffron has completed more than $2 million in financing. Investors include Dragonfly Capital and Coinbase Ventures. Other investors include venture capital firm Multicoin Capital, encryption investment firm DeFi Holdings, Coinshares chief strategy officer Meltem Demirors, and CoinMarketCap founder Brandon Chez. (Decrypt)
According to official news, SubQuery, a decentralized data indexing tool, announced that it has completed a $1.8 million seed round and private equity financing, with DeFi Alliance, D1 Ventures, Hypersphere Ventures, Digital Finance Group (DFG) and The Lao participating in the investment.
On-chain options protocol FinNexus completes $1.5 million financing
On-chain options protocol FinNexus (FNX) completed a financing of US$1.5 million. Participating investors include IOSG Ventures, Shata Capital, Parallel Ventures, DeFi Capital, SevenX Ventures, Incube Alpha Labs and D1 Ventures.
Decentralized social media platform Capsule raises $1.5 million led by Beacon Fund
According to official news, Capsule, a decentralized social media platform, completed a financing of US$1.5 million, led by Beacon Fund. Prior to this, Capsule received a $100,000 seed investment from angel investors such as former Coinbase CTO Balaji Srinivasan, William J. Pulte, and Wamda Capital. The funding will be used to build the team, get the prototype up and running, and release the mobile app. It is reported that Capsule aims to provide more protective proxy mechanisms for people sharing ideas and writing content on the Internet. Capsule was founded in 2021 by Nadim Kobeissi, a cryptography researcher and author of Cryptocat.
DeFi asset protocol Convergence Finance receives US$1.5 million in strategic additional investment
Convergence Finance, a DeFi asset protocol, announced that it has received US$1.5 million in strategic additional investment. Investors include Morningstar Ventures, BlackEdge Capital, OKEx's Block Dream Fund, LongHash Ventures, and AU21 Capital. These funds will be used to further build out the Convergence ecosystem.
DeFi robo-advisory platform DAOventures announced the completion of $1.4 million in financing
DAOventures, a DeFi intelligent investment platform in Singapore, announced the completion of financing of US$1.4 million. The participating institutions include Genesis Block Ventures, Astronaut Capital, Ascensive Asset Management, Moonrock Capital, Zero2Launch, JUN Capital Partners, Faculty Capital, X21 Digital, etc.
Self-sovereign and private networking solution Start9 Labs recently closed $1.2 million in funding, with participation from Collider Ventures, Ten31, and ShapeShift CEO Erik Voorhees. This round of funds will be used to promote the subsequent development of its hardware Embassy, develop more decentralized application store applications and a communication application killer. Embassy developed by Start9 Labs is a plug-and-play personal server for running self-hosted software, similar to a user's private cloud, where open source tools can be installed, such as Bitcoin, Lightning Network, data storage, password management, instant messaging, etc. , which is based on Raspberry Pi hardware.
The decentralized service protocol Automata Network has announced its official launch and has received $1 million in investment. KR1, Genesis Block Ventures, IOSG Ventures, Divergence Capital and Alameda Research participated in the seed round of financing. (CoinDesk)
Decentralized financial protocol stack xDeFi announced the completion of a million-dollar private placement round of financing. Investors include Spark Digital Capital, Dorahacks Ventures, Qtum Foundation, Youbi Capital, Waterdrip Capital, Liuyi Capital, Hotbit Technologies, Incuba Alpha Labs, Carbon Blue Ventures, Skywater Capital and HBTC Labs. At present, xDeFi is undergoing the second round of testing on the Ethereum Kovan test network. The project contract has passed the security audit of SlowMist and CertiK. It is expected to launch the Ethereum main network and issue its main network token XDEX in the near future.
According to official news, the core team of the DeFi protocol Solv Markets announced the completion of a seed round of one million dollars in financing. The round was jointly led by Axia8 Ventures, IOSG Ventures and Spartan Group, with participation from GBV, Hashed, Krypital Group and Mapleleaf Capital.
Meson Network, a next-generation storage acceleration network based on blockchain Layer 2, announced the completion of a $900,000 seed round of financing. Investors include Mask Network, Youbi Capital, SevenX, Zonff Partners, PAKA, Incuba Alpha, Kernel Ventures, etc.
Stater, an NFT open-source lending platform, recently completed a $400,000 seed round of financing. Investors include Magnus Capital, Tenzor Capital, Prometheus Labs, Pluto Digital Assets, X21 Digital, and Solidity Ventures.
According to official news, the digital securities issuance platform STOKR announced that it has recently completed the Pre-A round of financing, with participation from Borderless Capital, G1 Ventures, Utopia Genesis and Bitfinex. STOKR states that demand for STOs is growing and there are plans to scale STOKR to achieve this.
Raze Network Completes Seed Round Financing, Spark Digital Capital and Others Participate
Raze Network, the Web3.0 Polkadot ecological cross-chain privacy middleware protocol, announced the completion of the seed round of financing. Investors include Signum Capital, AU21 Capital, CMS Holdings, Master Ventures, Spark Digital Capital, PNYX, Moonwhale and Flurry Capital. Raze Network CEO Justin Kellison said that Raze Network will bring privacy protection attributes into the full stack of the DeFi ecosystem, and is currently working on the development of the first privacy product, Multi-chain Privacy Cloak.
OpenOcean Completes Strategic Financing, Binance, LD Capital, Multicoin and Others Participate
The fully aggregated protocol OpenOcean.Finance (OpenOcean) announced that it has completed strategic financing. This round of financing was led by Binance, and other investors included Multicoin Capital, LD Capital, CMS Holdings, Kenetic, and Altonomy. It is reported that OpenOcean is the head aggregation protocol on the Binance Smart Chain, which aims to create a full aggregation protocol that aggregates DEX and CEX liquidity, and becomes a one-stop trading portal that provides the best price and the lowest slippage. At present, OpenOcean has aggregated four major public chains (Ethereum, Binance Smart Chain, Tron Chain, Ontology Chain), and the mainstream DEX ecology on it.
According to official news, Shyft Network, a blockchain-based identity verification platform, completed a strategic round of financing. Investment institutions include LD Capital, Spartan Group, YBB Foundation, Bitfury, Blockchange, Morningstar Ventures, CoinFund, BlockTower, Maven 11, Connect Capital, GSR, Bering Waters and Digital Finance Group.
According to official news, Metis, the basic protocol of Layer 2 DAO, announced that Block Dream Fund, an investment institution under OKEx, has strategically invested in MetisDAO and plans to provide more resources to support the development of Metis.
Option Insurance Project Helmet Receives Strategic Investment from Binance
The BSC option insurance project Helmet.insure announced that it has received strategic investment from Binance. Helmet will continue to cooperate deeply with the BSC community and the Binance trading platform to provide more competitive solutions for cross-chain and on-chain and off-chain option transactions .
SoftBank Group (UK) Announces Strategic Investment in Juggernaut
According to official news, recently, SoftBank Group (UK) has completed its strategic investment in Juggernaut (JGN), which is also the first investment of SoftBank Group (UK) in the field of NFT and DeFi protocols. Juggernau (JGN) has broad focus on the fast-growing NFT market and Binance Smart Chain (BSC). In recent months, JGN has made significant progress in the field of BSC and NFT. In the future, Softbank (UK) will continue to follow up the close cooperation with the Juggernaut (JGN) project, continue to explore in the NFT field, and will also promote the further development of the industry ecology.
According to official news, Blocksync Ventures announced that it has invested in Kylin Network, a Polkadot ecological data infrastructure component. It is reported that Blocksync Ventures participated in Kylin Network’s seed round and private equity financing a few months ago. Other investors in Kylin include DFG, AU21, Signum capital, CMS, Rarestone, X21 Digital and Master Ventures.
News SubGame announced on Twitter that it has obtained a strategic investment from PolkaFund. PolkaFund is the first ten-million-dollar Polkadot ecological fund, established by Proverbs Group, dedicated to promoting the ecological construction and application of Web3. It is reported that SubGame is a public chain development team based on the Polkadot parachain.
