According to Odaily’s incomplete statistics, a total of 21 blockchain financing incidents at home and abroad were announced in the week from August 16 to August 22, a decrease from the previous week; Flat.
The blockchain project with the largest amount of single investment last week was the encrypted trading platform Bitpanda, which completed a $263 million Series C round of financing led by Valar Ventures. Bitpanda is a leading retail broker for Bitcoin, Ethereum, and IOTA in Europe. The volume exceeds 900,000. In addition to expanding the market, Bitpanda revealed that it will use the funds to advance its white label product (dubbed Bitpanda White Label), allowing banks and fintech companies to use its technology to provide cryptocurrency and other trading services.
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):
According to foreign media news, recently, Indian digital payment company PhonePe has received another US$350 million in financing. In addition to Flipkart’s parent company Wal-Mart leading the investment, Tencent and Tiger Global also participated in the investment. So far, a new round of financing of US$700 million has been completed. In this $350 million financing, Wal-Mart invested a total of $283.5 million, Tencent invested $50 million, and Tiger Global participated with $16.5 million. In December last year, after PhonePe was spun off from parent company Flipkart, it announced that it would raise $700 million as initial funding, and it had already raised $350 million that month. The newly raised 350 million yuan is part of the previous plan.
In early 2019, Tencent and Tiger Global backed PhonePe with a $10 billion valuation. After the financing is completed, PhonePe will be valued at between US$5.5 billion and US$5.7 billion, making it the second most valuable fintech company after Paytm. Paytm, India's largest payments company, is valued at $16 billion.
At present, parent company Flipkart is still the largest shareholder of PhonePe, with a shareholding ratio of 87.3%. Walmart holds a 10.3 percent stake and Tencent has a combined 1.8 percent stake. It is reported that after the financing, the total financing amount of PhonePe Private Ltd., the Singapore parent company of PhonePe, has exceeded US$1.6 billion, and the funds raised this time are mainly used for PhonePe's business in Singapore.
According to Tianyancha, PhonePe was established in Bangalore, India in 2015. It is an e-commerce payment system and digital wallet company with 275 million users and a monthly transaction volume of nearly 1 billion in India. At present, the main business is a mobile payment application based on the Unified Payment Interface (UPI), which can provide users with digital wallets and payment functions.
The encryption trading platform Bitpanda completed a US$263 million Series C financing at a valuation of US$4.1 billion. Peter Thiel's Valar Ventures led the investment, and LeadBlock Partners, Jump Capital, Alan Howard and REDO Ventures participated in the investment. Chief executive Demuth said in an interview that the funds will be used for aggressive expansion, saying they plan to double down on Europe, entering markets such as Italy, France and Spain. Bitpanda will also use the funds to advance its white label product, known as Bitpanda White Label, which allows banks and fintech firms to use its technology to offer cryptocurrencies and other trading services. (Sifted)
According to previous news, it is reported that in March, Bitpanda completed the B round of financing of 170 million US dollars at a valuation of 1.2 billion US dollars. In May, Bitpanda received 10 million euros in Series B expansion round financing.
BitDAO Launches BIT Token Offering on SushiSwap MISO, Raising Over $246M in 40 Minutes
The decentralized organization BitDAO has raised 73,975 ETH and 848,070 SUSHI within 40 minutes, equivalent to more than 246 million US dollars. At the same time, the remaining 35% and 78.8% of the ETH pool and SUSHI pool have not yet completed the auction.
According to previous news, BitDAO, a decentralized autonomous organization aimed at promoting the development of open finance, will issue the token BIT on the SushiSwap Launchpad platform MISO on August 16. The issuance plan adopts the form of Dutch auction. A total of 200 million BIT tokens will be auctioned. It will last from 13:00 UTC on August 16 to 13:00 on August 30. Users can participate in the auction with ETH or SUSHI. Early participants Get up to 40% airdrop bonus in the form of BIT-ETH SLP. At the same time, the issuance plan is not applicable to the United States and other restricted jurisdictions, and participants need to provide "representations and warranties."
Privacy payment project MobileCoin announced the completion of $66 million Series B equity financing at a valuation of $1.066 billion. Investors include Alameda Research, Berggruen Holdings, BlockTower Capital, Coinbase Ventures, TIME Ventures (Marc Benioff), Vy Capital, General Catalyst and Future Ventures wait. The company currently has 40 employees and is continuing to hire.
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 privacy-focused cryptocurrency project MobileCoin in August 2017 as a technical advisor.
Encryption infrastructure service provider Figment completes USD 50 million in Series B financing, led by Senator Investment Group and Liberty City Ventures, Galaxy Digital, Anchorage Digital, Declaration Partners, Bonfire Ventures, 10T Holdings, JPK Capital, 40 North, Finality Capital Partners, GSR , GFT VC and Hard Yaka participated in the investment. This round of financing will be used to recruit and expand the scope of services provided by Figment on the Web 3 stack. Figment said that it will also expand its infrastructure in the PoS industry in the future.
Certik, a blockchain auditing company, announced the completion of a US$24 million B+ round of financing. This round of financing was co-led by Tiger Global and Hillhouse Ventures to support the release of CertiK's new product, Skynet Premium. Previously, CertiK received US$37 million in Series B financing from Shunwei Capital, Coatue Management and Coinbase Ventures in July this year, which was the largest single financing in the blockchain security track. This B+ financing is the second financing of CertiK within 30 days, and the monthly financing amount exceeds 60 million US dollars.
Philippine compliant cryptocurrency exchange PDAX raises $12.5 million, led by BC Group and others
Philippine compliant cryptocurrency exchange PDAX has completed $12.5 million in financing, led by BC Group and another undisclosed British venture capital firm, followed by existing investors such as CMT Digital, UBX, Beenext Ventures and Ripple. Some of the new funds will be used to build out the company’s Bonds.PH platform, which it launched with UnionBank of the Philippines in 2020, to allow governments to trade retail treasury bonds through blockchain technology. Other funds will be used to provide more investment options on the platform, meet team expansion needs, supplement operating funds, and expand service population to overseas Filipino workers. PDAX has nearly 500,000 users, most of whom only trade cryptocurrencies, and the platform complies with the regulatory requirements of agencies such as the Anti-Money Laundering Commission. (Altcoin Beacon)
Digital Asset Management Firm Hyperithm Closes $11M Series B Funding Led by Hashed and Wemade Tree
Hyperithm, a Tokyo-based digital asset management company, has completed an $11 million Series B round led by Hashed and Wemade Tree, with participation from Coinbase Ventures, Cocone, GS Futures and Guardian Fund. Hyperithm was established in January 2018 with operations in Tokyo and Seoul, specializing in automated trading and risk management through encryption algorithms, it provides services for institutional investors, listed companies, family offices, venture capital firms, cryptocurrency exchanges and miners . Hyperithm’s previous investors include VIP Research & Management, a South Korean asset management company with assets under management of 20 billion yuan, Korean Internet company Kakao and a venture capital firm under Naver. (CoinDesk)
Fractional.art, an NFT platform, completed a $7.9 million seed round, led by Paradigm
Fractional.art, an NFT platform, has completed a $7.9 million seed round of financing led by Paradigm, with participation from Robot Ventures, Divergence Ventures, Flamingo DAO, Variant Fund, and Delphi Ventures. The funds will be used to expand the development team, especially in the areas of smart contracts and front-end development, as well as expand the business unit and internal legal department.
At the heart of the project is a concept called fractional NFTs. Essentially, it divides the NFT into digital parts, which can then be distributed or sold as part of the overall NFT. Fragmented NFTs themselves are fungible ERC-20 tokens that can be traded on decentralized exchanges or marketplaces. The startup currently has 200 curators and 2,500 owners of fragmented NFTs, including CryptoPunks, Twin Flames, Meebits, XCOPY, and Bored Ape Yacht Club, among others. (The Block)
Cross-chain protocol Chainflip completes $6 million in financing, led by Framework Ventures,
Chainflip, a cross-chain protocol based on decentralized automated market makers, completed $6 million in financing, led by Framework Ventures, ParaFi Capital, Distributed Global, Delphi Digital, Hypersphere Ventures, Coinbase Ventures, DeFi Alliance, Altonomy, Maven 11, Edenblock and Morningstar Ventures and others participated in the investment. The funds will be used for Chainflip’s community development and user support, and to make further progress on security audits, external communication activities. (CoinDesk)
Yield Guild Games, a chain game association, completed a financing of US$4.6 million, led by a16z
Gabby Dizon, founder of Yield Guild Games, announced that Yield Guild Games has completed $4.6 million in financing, led by a16z, followed by Kingsway Capital, Infinity Ventures Crypto, Atelier Ventures and game entrepreneur Gabriel Leydon. This investment was completed before the public sale of YGG tokens on July 27.
DeFi protocol Ondo Finance completed a $4 million seed round, led by Pantera Capital
Ondo Finance, a DeFi protocol initiated by two former Goldman Sachs employees, has completed a $4 million seed round of financing, led by Pantera Capital, with participation from institutions including Genesis, DCG, CMS Holdings, CoinFund, and Divergence Ventures. Angel investors include Stani Kulechov (founder of Aave) people), Richard Ma (founder of Quantstamp), and Christy Choi (former investment director of Binance), etc. Ondo Finance is an Ethereum-based DeFi protocol that lets users initiate crypto-backed loans to earn yield. Lenders and borrowers jointly invest funds in “Ondo Vaults” that use smart contracts to enforce loan terms. There are two types of positions in Ondo's initial vault: fixed income and variable income. Fixed income vaults seek to provide consistent income, while variable income vaults seek to maximize returns through the use of leverage. (The Block)
NFT DeFi platform Vera completed a $3 million seed round, led by Animoca Brands
NFT DeFi platform Vera has completed a $3 million seed round of financing led by Animoca Brands. OKEx Block Dream Fund, Genesis Block Ventures, Krypital Group, Shima Capital, SL2 Capital, Mozaik Capital, Sentor Investments, and Sandbar Investments participated in the investment. The Silicon Valley-based startup plans to use the funds for product development, smart contract audits and security maintenance, and to expand its ecosystem to several upcoming NFT games and the Metaverse ecosystem. Vera is a NF-based DeFi platform that provides decentralized financing, leasing, lending and other basic financial services for any NFT market, game or application. (prnewswire)
Scallop Closes $2.5M Funding Led by Blackedge Capital
The regulated DeFi Neo banking application Scallop has completed $2.5 million in financing, led by Blackedge Capital, with participation from X21 Capital, Bitcoin.com, Magnus Capital, Amesten Capital, Marketcross, ZBS Capital, Solidity Ventures, J8 Ventures, and MahaDAO. Scallop's vision is to provide DeFi-powered banking products that benefit everyday life and bring cryptocurrencies into the mainstream. (Coin Quora)
News NFT game DeFiWarriorGame completed a $2.3 million seed round of financing, Signum Capital, HyperChain Capital, OKEx Blockdream Ventures, GFS Ventures, BAP Ventures, NGC Ventures, Kyber Network, Tomochain, Lua Ventures, Coin98, Launch Zone, Exnetwork Capital, Titans Ventures, VBC Ventures, Everse Capital, BSC Station, Spark Digital Capital, BAS Ventures, TAG Ventures, AstroV Ventures, Momentum 6, X21 Digital, BAS Ventures, Basics Capital, GTA Ventures, Megala Ventures, Infinity Capital, SS Ventures, CoinerVN, Migoi, KCC Ventures, FIM Ventures and others participated in the investment. DeFi Warrior is a DeFi x NFT Play2Earn blockchain game, revolving around encrypted galaxy game stories. (Yahoo Finance)
News Web3 Music Center Catalog announced that it completed a financing of 2.2 million US dollars in late June. 1confirmation led the investment, and Inflection, Delphi Digital, WndrCo, Cooper Turley, Trevor McFedries, illestrater and RAC participated in the investment.
Cropper Finance Completes $2 Million Private Equity Round Led by Cropperbros Research
According to official information, Cropper Finance, a revenue farming platform on the Solana chain, has completed a $2 million private equity round of financing, led by Cropperbros Research, and will land on MEXC M-day and Gate on the 23rd.
CoPuppy, a BSC-based GameFi metaverse project, completed an initial seed round of US$1.5 million, with participation from well-known investment institutions Axia8 Ventures, Everest Ventures Group, and angel investor Yield Guild Game (YGG) founder Gabby Dizon and Animoca Brands Marketing Director James. cast. CoPuppy will cooperate with partners and investment institutions in multiple channels such as NFT Metaverse and GameFi. CoPuppy founder Makus said that the currently popular Play to Earn model in the GameFi field has been very well reflected in CoPuppy. With the continuous improvement of the CoPuppy ecological model, CoPuppy is expected to become a unique GameFi project on BSC. At the same time, CoPuppy is preparing for the layout Polygon ecology.
According to the official announcement, Cyclos, the Solana ecological AMM agreement, announced the completion of a $1 million seed round of financing, with participation from CMS, Hashkey, Solana Capital, Huobi Ventures, Coin98 Ventures, MXC, Gate.io, Illusionist Group, Skyvison Capital, Petrock Capital, etc.
Cyclos is a centralized liquidity market maker platform built on Solana. On Cyclos, liquidity providers bind their assets within a price range of their choice through the front-end interface of Cyclos. Next, these individually set price ranges will be aggregated and placed on the corresponding order book of Serum. Liquidity is evenly distributed at different points within the price range deployed by LPs (liquidity providers), and trades are then executed based on the combined liquidity of all individual curves. Profit comes from bid-ask spreads and rebate fees for pending orders.
NFT data aggregation platform NFTGO completes angel round financing and will be launched recently
NFT data aggregation platform NFTGO (nftgo.io) completed angel round financing and was officially launched at 3:30 pm EST on August 13th.
NFTGO aims to help users discover and evaluate the value of NFT assets, and is committed to creating an NFT ecological entrance. The existing main functional sections include NFT search engine, NFT market data visualization and NFT project leaderboard, NFT whale tracking, NFT asset wallet, etc. NFTGO will jointly launch NFT Data Research Club related activities with NFT project parties, research institutions and other partners in the near future.
According to official news, ARterra Labs announced the completion of the seed round of financing, led by Woodstock Fund, with participation from Youbi Capital, LD Capital, 42 Fund and Baikal Blockchain Research Laboratory.
ARterra Labs also presented content for the upcoming ARterra platform. ARterra is an NFT platform, marketplace, and API solution that provides creators with the best tools and experiences to increase fan engagement. ARterra is focused on creating digital collectible hubs for esports to engage and reward fans while creating new revenue opportunities. The ARterra platform is built on the NEAR blockchain, leveraging its contract-based account model, speed and scalability.
