According to Odaily’s incomplete statistics, a total of 30 domestic and overseas blockchain financing incidents were announced in the week from August 9th to August 15th, showing an upward trend compared with the previous week; improved.
The blockchain project with the largest single investment amount last week was the encrypted asset trading platform FalconX, which completed the US$210 million C round of financing participated by Tiger Global. After this round of financing, FalconX ranked among the unicorns with a valuation of US$3.75 billion , and look for new opportunities in the direction of DeFi and stable coins.
The following are the specific financing events (sorted according to the announced amount, * is a "traditional" company whose business involves blockchain):
The following are the specific financing events (sorted according to the announced amount, * is a "traditional" company whose business involves blockchain):
Reddit raises $410 million in Series F funding at $10 billion valuation, led by Fidelity Management*
Reddit announced that it has raised $410 million in Series F funding, led by Fidelity Management. But that’s not all, Reddit expects some of its existing investors to also participate in the round, bringing the total investment to $700 million. The new round of investment values the company at $10 billion, up from $6 billion in February. Before the latest funding round, Reddit had raised $800 million. "We couldn't turn down an offer from Fidelity," said Reddit CEO and co-founder Steve Huffman, adding that Reddit still plans to go public at some point, but the company doesn't have a "clear timeline" and is focusing on for international expansion, as its current audience is primarily US users.
It is reported that Reddit mainly makes money from online advertising, and the business is booming, with revenue exceeding $100 million in the last quarter, a year-on-year increase of 192%, the largest quarterly revenue to date. In an effort to keep its 52 million daily active users (as of December) motivated to chat and share memes, Reddit is also expanding its community point crypto token rewards program. (Decrypt)
Sports merchandise retailer Fanatics completes $325 million financing, SoftBank participates*
Sports merchandise retailer Fanatics completed $325 million in financing, with participation from SoftBank, Silver Lake, and Jay Z. The company's post-money valuation reached $18 billion. Michael Rubin, chairman of Fanatics, is transforming Fanatics into a more global market-focused digital sports company that can provide services in various fields (commodity, gaming, ticketing and NFT trading markets). In June of this year, Fanatics joined hands with Galaxy Digital and Gary Vaynerchuk to establish Candy Digital, a new company focused on sports NFT, and signed a cooperation agreement with MLB. In an interview with CNBC earlier, Michael Rubin said: Sports collectible NFT will create huge value. (CNBC)
Encrypted asset trading platform FalconX completed a $210 million Series C round of financing, with participation from Tiger Global, Alimeter Capital, B Capital, and Sapphire Ventures, as well as the venture capital arm of American Express and Mirae Asset. After the investment, FalconX entered the ranks of unicorns with a valuation of US$3.75 billion. The trading platform has a monthly trading volume of US$10 billion, and the financing is used to operate the 24*7 market and explore new opportunities in decentralized finance and stablecoins. (The Block)
Encrypted taxation and accounting software company TaxBit announced the completion of $130 million in Series B financing, making it a new crypto unicorn with a valuation of more than $1.3 billion. This round of financing was led by IVP and Insight Partners, with participation from Tiger Global Management, Paradigm, and 9Yards.
According to previous reports, TaxBit completed a US$5 million seed round of financing in January 2020, with participation from Winklevoss Capital and Dragonfly Capital; completed a strategic investment in January 2021, with participation from PayPal Venture Capital, Coinbase Ventures, and Winklevoss Capital. TaxBit completed a US$100 million Series A financing in March this year, led by Paradigm and Tiger Global. The venture capital department of payment giant PayPal, Coinbase Ventures, Winklevoss Capital and other institutions, and investors such as Bill Ackman and Qualtrics co-founder Ryan Smith participated in the investment. (Bloomberg)
Helium Closes $111 Million Token Funding Led by a16z
According to official news, the decentralized wireless communication network Helium announced the completion of 111 million US dollars in token financing, led by a16z, with participation from Ribbit Capital, 10T, Alameda Research and Multicoin Capital.
It is reported that Helium is a point-to-point wireless network established for low-power Internet of Things devices to communicate with the Internet. Utilizing Hotspots and data transmitters for other IoT devices, network maintainers can pass Proof of Coverage Challenges to prove their contribution to the network and get rewarded with HNT tokens.
Upgrade, a loan start-up company co-founded by former Lending Club CEO Renaud Laplanche, has completed a $105 million Series E round of financing, with a post-money valuation of $3.325 billion. Koch Disruptive Technologies led the investment, and new and old investors such as BRV and Ventura Capital participated in the investment. “We have experienced unprecedented growth and profitability this year, and the new funding will allow us to further build the Upgrade Card into a mainstream credit card and continue to design innovative products that benefit consumers,” said Laplanche, Upgrade CEO.
In July of this year, Upgrade launched a Visa credit card that offers BTC rebates. While applicable to the entire Visa payment network, cardholders also receive a 1.5% bonus in BTC. While Upgrade isn't the first company to release such a card, it's the first to offer a wide range of available options. Upgrade’s BTC rewards credit card, which will offer a credit line of between $500 and $25,000, depending on the applicant’s credit rating. In addition to supporting Apple Pay and Google Pay, the BTC rewards credit card also offers waived annual fees, late fees, and cash-back benefits like the company's other credit cards. Currently, Upgrade's BTC rebate credit card is not available in all 50 states of the United States. (CoinDesk)
Indian crypto asset exchange CoinDCX completes $90 million in Series C financing led by Facebook co-founder Eduardo Saverin’s B Capital, with participation from existing investors Coinbase Ventures, Polychain Capital, Block.one, Jump Capital and other angel investors This round of financing. With a post-money valuation of $1.1 billion, the company became the first crypto company in India to achieve unicorn status. CoinDCX co-founder and CEO Sumit Gupta said the funds will be used for marketing, strengthening the team and new business initiatives. Founded by Gupta and Neeraj Khandelwal in 2018, CoinDCX is mainly a business of buying and selling encrypted tokens, and it also provides other encrypted-based financial products, such as loans. In the coming months, CoinDCX will launch the CoinDCX Prime program, as well as CoinDCX’s global trading product, Cosmex. With 3.5 million users, the exchange has more than doubled its user base in the past two months. (economic times)
Indonesian Crypto Exchange Pintu Completes $35M Series A Funding Led by Lightspeed Venture Partners
Indonesian crypto exchange Pintu completed a US$35 million Series A financing, led by Lightspeed Venture Partners, with participation from Alameda Ventures, Blockchain.com Ventures, Castle Island Ventures, Coinbase Ventures, Intudo Ventures, and Pantera Capital. Funds will be used for recruiting efforts, increasing Pintu's market position through strategic partnerships, educational marketing campaigns, and delivering new products and features. (Yahoo Finance)
Digital asset exchange Blocktrade completes $25.8 million Series A financing
Luxembourg-based digital asset exchange Blocktrade announced that it has secured $25.8 million (€22 million) in Series A funding from undisclosed private investors from 33 countries. Blocktrade said the funds will be used to improve internal operations, particularly in terms of security, fiat on-ramp and market making. The company also said it would allocate more resources to expand its potential user base and pursue other business partnerships. CEO Bernhard Blaha said that Blocktrade is not just a cryptocurrency exchange, it is building a complete ecosystem around digital assets. Blocktrade was founded in 2018 and was later acquired by Cryptix AG, a Swiss venture capital firm focused on digital payments. Led by Cryptix, Blocktrade launched a securities offering in early 2021, attracting investment from over 6,000 participants across Europe. (Cointelegraph)
Blockchain technology company SIMBA Chain completes $25 million Series A financing, led by Valley Capital Partners, Notre Dame Pit Road Fund, Elevate Ventures, Stanford Law School and individual investors from KKR, Lightspeed Venture Partners, New Enterprise Associates participated .
SIMBA Chain CEO and co-founder Joel Neidig said that SIMBA Chain’s technology is currently used by the U.S. Air Force, Army, Navy and Marine Corps, as well as Boeing and a wide range of commercial application customers. "Demand for our Web3 smart contract platform in all markets is accelerating, much faster than we expected. Users across multiple fields have accepted and validated the SIMBA Chain model, which simplifies the development of smart contracts in the market It also actively responds to our support for multiple blockchains, including Ethereum, Avalanche, RSK, Stellar and many other blockchains, making SIMBA chain-based applications simple, highly portable and sustainable." SIMBA Chain plans to leverage the Funding to expand sales, marketing, and development, and direct resources to emerging enterprise-level opportunities such as NFTs. SIMBA Chain hopes that commercial enterprises, academic institutions and other institutions will be able to use its software to manage digital and physical assets. (building Indiana)
Certik, a blockchain auditing company, completed a $23 million Series B extension financing, with participation from Tiger Global and GL Ventures. Last month, the company just raised $37 million in Series B funding led by Shunwei Capital and Coatue Administration, with Coinbase Ventures following. CertiK is responsible for auditing blockchain projects and protocol codes to ensure security. The company just launched its new Skynet Premium service, which uses machine learning to detect plausible contracts and potential threats in real time, publishing scores on the leaderboard. (Ledger Insights)
Fintech firm Sarwa completes $15 million Series B round led by Mubadala*
UAE fintech company Sarwa completes USD 15 million Series B financing, led by Mubadala Investment Company, 500 Startups, Kuwait Projects Company, Shorooq Partners, Middle East Venture Partners (MEVP), DIFC, Hambro Perks Oryx Fund, HALA Ventures, Vision Ventures, etc. Participate in voting. Sarwa will use the new funds to strengthen its market position and grow its team. Sarwa aims to provide more innovative personal financial products such as Sarwa Trade and Sarwa Crypto through its mobile application. Sarwa Crypto added 5% to the Grayscale Bitcoin Trust GBTC.
It is reported that Sarwa is the first financial technology company in the Middle East and North Africa to obtain a digital financial advisory license for young professionals, and has also obtained the first innovation test license issued by the Dubai Financial Services Authority. (wamda)
Singapore collectibles company Mighty Jaxx completes US$10 million in financing led by Tencent*
Mighty Jaxx, a collectibles design and production company based in Singapore, has completed US$10 million in financing, led by Tencent, with participation from Korea Investment Partners and KB Investment. The company’s total funding brings it to $14.8 million. Since its inception in 2012, Mighty Jaxx has partnered with global brands such as Cartoon Network, Warner Bros., DC Comics, Looney Tunes and Sesame Street to produce a variety of collectibles. Last year, the company incubated the blockchain technology platform MightyVerse, which can store information and digital assets in collections and promote gamified collection experience. The company has also ventured into the NFT market, launching two NFT collectibles paired with physical collectibles in April. Founder Jackson Aw said in an interview that Mighty Jaxx has been integrating blockchain since 2019 to verify the physical collectibles it produces. (Vulcan Post)
Data analysis platform Dune Analytics raises $8 million, led by USV
Dune Analytics, an encrypted data analysis platform, completed its Series A financing of US$8 million, led by Union Square Ventures (USV), and participated by Redpoint Ventures, Multicoin Capital, and Dragonfly. The round will fund its DIY Dashboard, which tracks transaction data from projects like CryptoPunk, Boring Bananas, and more. (CoinDesk)
Cryptocurrency tax and accounting software provider Bitwave has announced the completion of a $7.25 million seed round led by Blockchain Capital, with participation from Nascent, Nima Capital and Arca. Bitwave CEO and co-founder Pat White said the platform is currently used by more than 30 companies, including miners Greenidge Generation, Core Scientific's Blockcap and Elite Mining. The new financing will be used to grow the team, which currently includes 10 employees, and expand its advertising and outreach business. (CoinDesk)
Liquality, a cryptocurrency wallet company incubated by ConsenSys, completed a new round of financing of US$7 million, led by Hashed and Galaxy Digital, and participated by Coinbase Ventures, White Star Capital, Accomplice, and Jump Capital. Liquality co-founder Simon Lapscher said the funding will be used to build new features and expand the concept of wallets to a more developer-focused platform, “so developers can focus on wallet integrations and make it Super powerful."
According to reports, Liquality was established in 2018 and is a browser extension wallet similar to MetaMask. It allows users to manage crypto assets and exchange crypto assets between Dapps on Ethereum, Polygon, BSC, NEAR, Rootstock and other networks. (CoinDesk)
Horizen Labs Closes $7M Seed Round Led by Kenetic Capital, DCG and Liberty City
Blockchain privacy company Horizen Labs announced on Tuesday that it has completed a $7 million seed round of financing, led by Kenetic Capital, Digital Currency Group (DCG) and Liberty City (the three parties each contributed $2 million), Sound Ventures, Deribit, Artist Capital, Deus and LionTree participated in the vote. New York-based Horizen said the company will use the funding to further develop its tools, aimed at developers and businesses building their own blockchains and dapps. To that end, co-founder and CEO Rob Viglione said the company intends to add at least 20 engineers in New York, expand Horizen's operations in Milan, and open a new office in Ukraine, "expanding its current team of 25 employees by two." up to three times". It is reported that in 2019, DCG and Liberty City led Horizen’s $3.75 million seed round of financing, the same year the company was founded. (CoinDesk)
Decentralized governance platform Tally raises $6 million led by Blockchain Capital and Placeholder
Tally, a platform for building governance infrastructure for decentralized autonomous organizations (DAOs), announced that it has raised $6 million, led by Blockchain Capital and Placeholder. But this round of financing was not entirely provided by venture capital (VC). Dennison Bertram, co-founder and CEO of Tally, said that about 25% of the funds came from DAO organizations such as The LAO, MetaCartel Ventures, Fire Eyes DAO, and angel investors associated with DAO (including Bankless founder Ryan Sean Adams). This round of financing will be used to hire more engineers and advertising costs to promote the Tally platform.
It is reported that Tally’s platform provides DAO voting structure and analysis, member transparency and governance tools. The software is already used as the main DAO interface by protocols such as Gitcoin, FEI, and Ampleforth. (CoinDesk)
According to official news, Highstreet, a VR and DEFI market, announced the completion of a $5 million financing round, with participation from Mechanism Capital, NGC, Palmdrive Capital, Jump Trading, GBV, Panony, Shima Capital, Encrypt Club, Mr. Block, and Miss Bitcoin. The funds raised this time will be used to expand the engineering team, especially those related to Unity.
Blockchain startup Lygon completes $5 million Pre-A round of funding led by Aura Ventures
Lygon, a blockchain start-up company jointly established by IBM, ANZ Bank, Westpac Bank, Commonwealth Bank of Australia and shopping center operator Scentre Group, announced the completion of a $5 million Pre-A round of financing, led by Aura Ventures. external investors. In addition, Lygon employees participated in the subscription, and ANZ and Commonwealth Bank also exercised their investment rights. Lygon pioneered a fully digitized bank guarantee service using blockchain and smart contract technology, aiming to bring the 200-year-old paper-based bank guarantee process into the digital age. Additionally, the company is expected to raise a Series A round later this year. (AFR)
CYBAVO, a blockchain security solutions provider headquartered in Singapore, announced the completion of a US$4 million Pre-A round of financing, led by 500 Startups, Taiwan's H&D Asset Management Company and New Economy Ventures. CYBAVO chief executive Paul Fan said the company intends to use the latest funding to fuel its expansion in East Asia, Europe and North America. The funds will also be used to continue investing in research and development of cybersecurity and blockchain technology, and to further improve customer and product satisfaction. (PR Web)
Parami, a blockchain advertising network based on Polkadot Substrate, completed $3 million in financing. Investors include NGC Ventures, CMS Holdings, Genesis Block Ventures (GBV), DFG, Genblock Capital, Signum Capital, Axia8 Ventures, Spark Digital Capital, Digital Renaissance , YBB Foundation, Crypto Discover, PNYX Ventures, DCI Capital, AU21 Capital and some core members of Parity Foundation.
Launched in early Q1 2021, Parami is focused on using Web3 tools to solve advertising business challenges. Jack Lu, managing director of NGC Ventures, said that Parami is a key player in the Web3.0 ecosystem, and its breakthrough technology can bring about a better version of the Internet.
According to previous reports in April, Parami completed a multi-million dollar seed round of financing, with investors including CMS Holdings, Genesis Block Ventures, NGC Ventures, Digital Finance Group, Genblock, Signum Capital, Axia8 Ventures, BlockArk, Spark Digital Capital, Digital Renaissance Some core members of Foundation, AU21 Capital, GBIC, PNYX Ventures, Ruby Capital, Titans Ventures, Gate.io Labs, Bella, Weblock and Parity, etc. (U. Today)
Exactly, a start-up company focused on creating decentralized credit protocols, has completed $3 million in financing, led by Kaszek, a well-known venture capital fund in Latin America. It is reported that this is the first DeFi investment made by Kaszek. “We see a huge emerging opportunity in the DeFi space that will change the financial landscape in unimaginable ways in the coming years,” Kaszek co-founder and managing partner Hernán Kazah said in a statement, adding, The investment, part of two recently raised funds totaling $1 billion, marks Kaszek's second investment into the crypto ecosystem. In December, the firm co-led with QED a $62 million Series B round for Mexican exchange Bitso, and followed up Bitso’s $250 million Series C round in May. (CoinDesk)
Encrypted asset management platform Mudrex raises $2.5 million led by Nexus Venture Partners
Mudrex, an encrypted asset management platform, received US$2.5 million in seed round financing, led by Nexus Venture Partners, with participation from Village Global, Kunal Shah, Anand Chandrashekharan and Anjali Bansal. The company had earlier raised $750,000 from investors including Y Combinator, Better Capital, Woodstock Fund, Nitin Sharma, Anupam Mittal, and others.
Mudrex is an encrypted investment platform that provides investment products in the model of mutual funds and ETFs to create long-term wealth. The funding will help Mudrex scale its team and operations, pursue global regulatory compliance, and create innovative products. (Business Standard)
According to official news, DeFi Hub NearPad for the NEAR ecosystem announced the completion of a $2 million seed round of financing, with participation from NGC, NEAR Foundation, LD Capital, OWC, Ellipti, Flow Ventures, SuperNova Fund, ExNetwork, Genblock Capital, Arkn, etc. . The financing will be used to build the functions on the NearPad roadmap, expand the development team, enable it to release products faster, optimize products better, incubate and expand the market, instead of relying on public offerings or treasury.
According to reports, NearPad integrates Launchpad, DEX aggregator, and revenue aggregator, and is committed to changing the way communities and developers use open financial tools for crowdfunding, asset management, and revenue optimization. The platform will also be the first DAO-led protocol on Aurora, the EVM solution launched by NEAR, giving its community full control over how treasury and public funds are spent on the ecosystem.
According to official news, ENVOY Network, a digital collectibles platform, announced its launch today and received a first-round private equity financing of US$2.5 million. 3comma, Prometheus Labs, Solidity Ventures, Spark Digital Capital, Paribus, Kyros Ventures, Stakely.vc, and Maven Capital participated in the investment. Advisory board members include Austin Kramer (former head of dance music at Spotify), Miranda Huybers (Nvidia), Paul Doherty (President and CEO, The Digit Group, Inc. AIA), Marlon Flohr (Bassjackers) and Perry van de Mosselaar (Smash the House CEO).
ENVOY Network will bring high-quality NFTs from artists and creatives around the world, including AKON, Lost Frequencies, Benjamin Jackendoff, etc. ENVOY will release the first NFT "Decentraboard" on August 14th, which will be the first digital billboard curated based on NFT. Offering 1040 unique opportunities to showcase artwork or branding on online digital billboards in Times Square, New York.
ReSource Finance, a decentralized credit agreement on the Celo platform, has completed a $1.7 million strategic round of financing, Future Perfect Ventures, NGC Ventures, ExNetwork, Davoa Capital, BlockRock Capital, Moonwhale Ventures, Follow the Seed, Floem Capital, Flori Ventures, Tokenomik , Eran Haggiag (founder of ClearX), Eyal Hertzog (co-founder of Bancor Network), Jeanne Lim (former CEO of Hanson Robotics) Noah Gale and others participated in the investment.
Funding from this round will fuel the next phase of progress for the ReSource Finance DApp, increasing the number of clients and launching a new decentralized line of credit. The ReSource Finance application is dedicated to creating a peer-to-peer (P2P) decentralized lending framework for SME representatives in the Web3 segment. (U. Today)
Cloud computing platform 4EVERLAND announced the completion of a US$1.5 million seed round of financing, with participation from Fenbushi Capital, FBG Capital, Bixin Ventures, Mint Ventures, and Random Number Capital. The financing funds will be used for the development and construction of the 4EVERLAND platform, enabling developers to quickly access Web3.0 and establish a Web3.0 cloud computing platform with global acceleration, privacy protection, and distributed networks.
4EVERLAND will officially launch 4EVER-HOSTING in the near future, and provide DWeb Hosting, decentralized gateway, decentralized domain name system (DDNS), data services and other products and protocols to help developers access Web 3.0 with one click.
NFT and digital asset company Ioconic raises $1.5 million led by Kenetic Capital
NFT and digital asset company Ioconic completed $1.5 million in financing, led by Kenetic Capital and participated by other private investors. Ioconic provides comprehensive solutions for brands and individuals entering the digital asset space, including licensing and brand representation services, NFT creation, marketing, distribution services, and social token creation services. So far, Ioconic has supported more than 150 projects. (Business Leader)
DeFi Safety completes $1 million seed round, led by Andre Cronje
DeFi Safety, a DeFi project rating platform, announced the completion of a $1 million seed round of financing led by Andre Cronje, Leo Cheng (CREAM Finance), Griff Green, Corey Petty, Shahar Abrams, Jeff Issis, Pedar Muller, Jonathan Boateng, Wot_is_going_on, MetaCartel Ventures, Feleman, Owl Ventures, NetX Fund, Turn Capital, Immunefi participated in the investment.
DeFi Safety said that with MagicPowered and Drive Marketing, there will be a complete brand and website redesign. Additionally, the funding will enable it to develop new products that provide more accurate, reliable and high-quality information to the DeFi community.
