According to Odaily’s incomplete statistics, a total of 27 blockchain financing incidents at home and abroad were announced in the week from August 30 to September 5, an increase from the previous week; Flat.
Last week, the blockchain project that received the most investment in a single deal was Arbitrum developer Offchain Labs, which completed a $120 million Series B round of financing at a valuation of $1.2 billion. Arbitrum runs on Ethereum and achieves convenient interoperability with native Ethereum contracts and tokens. Unlike Ethereum, the cost is fixed no matter how much code, storage or computation a contract uses. No one other than the contract participants can see its code or its internal state. Only the public behavior of the contract can be seen by the outside world. Developers and users can enjoy the simplicity and security of chain solutions, as well as the privacy and low cost of off-chain solutions.
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):
Offchain Labs, developer of Ethereum scaling solution Arbitrum, announced the completion of a $120 million Series B round of financing at a valuation of $1.2 billion, led by Lightspeed Venture Partners, Polychain Capital, Ribbit Capital, Redpoint Ventures, Pantera Capital, Alameda Research and Mark Cuban, etc. Participate in voting. (The Block)
Zipmex, a Singapore-based digital asset exchange, completed a $41 million Series B round of financing, with existing investors Jump Capital, Bank of Ayudhya's venture capital arm Krungsri Finnovate, Plan B Media, Thailand's Master Ad (MACO) and Hong Kong-based MindWorks Capital and others participated in the investment. Zipmex will use the new funds to grow its technical team and develop more products.
According to the company’s statement, this is the first investment in a digital asset platform by a top Southeast Asian bank. Currently operating in Singapore, Thailand, Indonesia and Australia, Zipmex has close to 1 million customers and has processed over $4 billion in total transactions to date. The company is regulated in Indonesia and Australia and will be licensed in Thailand. In Singapore, Zipmex is in the advanced stages of applying for a primary payment institution license from the Monetary Authority of Singapore (MAS). Recently, Zipmex launched ZipWorld, a digital asset platform that can manage digital assets such as NFTs. (techinasia)
Parallel Finance, a Polkadot-based DeFi protocol, completed a $22 million Series A round led by Polychain Capital, with participation from Lightspeed Venture Partners, Slow Ventures, Alameda Research, Blockchain Capital, CMT Digital, and Blockchain Ventures. Yubo Ruan, founder of Parallel, said that this is a round of equity financing, and the post-money valuation of the project is US$150 million. In June, Parallel Finance raised $2 million, bringing its total funding to date to $24 million.
In addition, the agreement plans to launch the main network in the fourth quarter of this year. To that end, the project is looking to expand the current team of 20, employing mostly engineers. In terms of product roadmap, Parallel is also considering participating in Polkadot and Kusama crowdfunding auctions. Going forward, Parallel also plans to raise additional funding, Ruan said. (The Block)
Syndicate, a decentralized investment agreement, has completed a US$20 million Series A round of financing, led by Andreessen Horowitz, and over 150 investors including Atelier Ventures, Coinbase Ventures, and Snoop Dogg Ventures supported by BNP Paribas Group participated in the investment. (Decrypt)
Web3 encrypted communication protocol XMTP completes USD 20 million in Series A financing, led by a16z Crypto, Coinbase Ventures, Alchemy, StarkWare, Distributed Global, Not Boring Capital, SK Ventures, Offline Ventures, Anthony Pompliano, Anthony Sassano (The Daily Gwei), Balaji Srinivasan, Kain Warwick (Synthetix), Kayvon Beykpour (Twitter), Stani Kulechov (Aave), Robert Leshner (Compound Labs), Roham Gharegozlou (Dapper Labs), Ryan Sean Adams (Bankless), Ryan Selkis (Messari) and others participated in the vote. The funds will be used to expand the size of the XMTP team and will help XMTP enable communication between encrypted wallets through its independent protocol and decentralized network.
Recently, Nanjing Jinninghui Technology Co., Ltd. (abbreviation: Jinninghui Technology) announced the completion of tens of millions of RMB A+ round of financing. This round of financing was led by Jiangbei Science and Technology Investment Group, followed by Jinyu Bogor.
According to reports, Jinninghui Technology has the original blockchain underlying technology, focuses on the research and development, application and operation of blockchain technology, is committed to becoming an information and financial infrastructure technology service provider in the digital age, and actively explores alliance chain technology and big data The integration of technology, privacy computing, and artificial intelligence technology promotes the digital transformation of governments, enterprises, institutions and other organizations. (hunting cloud network)
Skeps, a blockchain-based decentralized consumer lending marketplace, announced the completion of a US$9.5 million Series A round led by Bertelsmann India Investments, with participation from existing investor Accel. The new funds will be used to expand sales, marketing, engineering and product teams, expand the merchant and lender customer base, and expand more services.
It is understood that Skeps uses the private enterprise blockchain to create a decentralized lending market in a compliant and secure manner, and has supported more than $1 billion in loan assessments in the past 18 months, with an approval rate of 80%. Skeps provides an effective decentralized matching solution between merchants and lenders or banks, saying banks can use its technology to compete with fintech buy now pay later (BNPL). (Business Wire)
FV Bank, a digital bank and digital asset custodian, completed its Series A financing of US$8 million at a valuation of US$48.9 million. BnkToTheFuture, DFG, NFG Fund, CCIX Global, Zenrain Technology, Satvat, etc. participated in the investment. (Globe News Wire)
Financial services platform Evrynet completes $7 million financing led by Signum Capital
Evrynet, a financial services platform, completed a financing of US$7 million, led by Singapore blockchain venture fund Signum Capital, and participated by Petrock Capital and Ellipti Ventures. The financing will help Evrynet provide institutional-grade DeFi services to investors through the upcoming Evry.Finance, an application that will serve as an exchange, liquidity pool, and staking platform. The company is also developing infrastructure to connect decentralized and real-world assets. Evrynet's infrastructure is interoperable with ERC-20 and BEP-20 tokens. (Cointelegraph)
Stablecoin aggregator Babelfish raises $5.8 million
According to official news, the stablecoin aggregator Babelfish completed a $5.8 million financing by listing on Sovryn’s Origins Launchpad.
Octopus Network, a NEAR-based multi-chain network, completed a $5 million Series A financing, Continue, Youbi, DCG, GFS Ventures, Vestigium, Autonomy Capital, LCG Ventures, Bluehelix, Finance Ventures, Jubi Lab, GTA Venture, Gains Associates, Aussie Capital, K300 Venture, Mayor Capital, NetZero Capital, ELEVATE, Chainridge, Megala Ventures, VIC Group, Jigsaw, OIG Ventures, Bigcoin Capital, Meridian Capital, Westorm, Move Capital (Angel DAO), Gate.io participated in the investment, Octopus Network ecological application chain (Appchain) protocol Debio, Myriad Social, and Discovol also participated in the round.
Octopus Network plans to launch its mainnet in September and its first application chain: Debio, a distributed biomedical network, in October. The Octopus Foundation will directly fund 20 Lisk projects each year through the Octopus Accelerator Program, with a total grant of $1 million per year.
Trader Joe, a DeFi protocol based on Avalanche, completed $5 million in financing through token sales, with participation from DeFiance Capital, GBV Capital, Mechanism Capital, Three Arrows Capital, the Avalanche Foundation, Delphi Digital, and Aave founder Stani Kulechov. The anonymous founder of the team, 0xMurloc, said that the team will expand from 15 to 20 people, while another co-founder, Cryptofish, also remains anonymous. According to DefiLlama data, Trader Joe was launched in July, and its current TVL is about 460 million US dollars, ranking second in the Avalanche DeFi ecosystem, second only to Benqi Finance. (The Block)
Ekta, an Indonesia-based blockchain platform that digitizes physical assets and communities on the chain, has completed a seed round of US$5 million. Ekta's main network has been launched, with a self-developed NFT market, DEX and a decentralized lending platform. Following the public offering, Ekta will offer EKTA tokens for public listing on PancakeSwap. Its incubator in Indonesia will focus on incubating various companies that bring blockchain technology and solutions to real life. (U Today)
Pollen DAO, a decentralized investment portfolio management protocol, completed $5 million in financing, led by The Graph and AlphaBit. Pollen will initially be live on Ethereum and Polygon, with plans to deploy it on other blockchains and layers in the future. Pollen DAO is a decentralized portfolio management protocol that supports the creation and distribution of DeFi portfolios and index tokens while generating yield for token holders. Pollen aims to reshape asset management for the on-chain economy and serve as Uniswap in the field of portfolio management. (dailyhodl)
Digital asset agency Cabital has completed a $4 million seed round of financing led by SIG, Dragonfly and GSR. The funding will be used to support Cabital’s expansion into European markets, help recruit senior talent and further develop its digital wealth management platform. In order to fight for the European market, Cabital will support SEPA transfers, which will enable customers in the European Union to realize the mutual conversion of EUR and digital assets. Cabital is registered as a cryptocurrency exchange operator and a cryptocurrency deposit wallet operator in the Republic of Lithuania, and has entities in the British Virgin Islands, Singapore, Malaysia and mainland China. Cabital conducts its activities in accordance with the European AML/CTF principles and the requirements of the Financial Crimes Investigation Agency. Cabital was founded in 2020 by Raymond Hsu. Raymond has a background in banking and technology and has held various leadership roles at Citibank, Standard Chartered, eBay and Airwallex. (bitcoinist)
HatsFinance, a decentralized network security incentive platform, completed $3.5 million in financing, led by Greenfield One, with participation from Lemniscap, Spartan Capital, Accomplice, Collider Ventures, and IOSG Ventures. HatsFinance is a decentralized network security incentive platform, which aims to guide hackers to use their professional skills to protect crypto projects. The HatsFinance team consists of former members of the Prysmatic Labs team, Ethereum developers, R&D experts and developers from different crypto projects.
UXD Protocol, the Solana ecological algorithm stablecoin protocol, completed a $3 million seed round of financing, led by Multicoin Capital, Alameda Research, Defiance Capital, CMS Holdings, Solana Foundation, Mercurial Finance participated in the investment, individual investors include Solana founder Anatoly Yakovenko and co-founder People Raj Gokal, Saber founder Dylan Macalinao. This round of financing will be used to recruit developers, support community development, and promote the launch of the mainnet in October after the successful operation of the testnet in September.
UXD Protocol is an algorithmic stablecoin protocol that uses perpetual contract and spot market to realize Delta-neutral portfolio to stabilize the exchange rate. In addition, UXD Protocol will also pay interest to users through Delta-neutral portfolio positions. Trading at the spot price, some of the proceeds will be used to maintain the full hedge of the position.
Indian crypto startup Parcel completes $2.5 million seed round led by Dragonfly Capital
Indian encryption startup Parcel completes $2.5 million in seed round financing, led by Dragonfly Capital, with participation from Scalar Capital, A Capital, Compound, Consensys, and 6th Man Ventures. Angel investors include Cooper Turley from Audius, Leighton Cusack from PoolTogether, and Mythos Capital Ryan Sean Adams of et al. Prior to this, Parcel completed a US$500,000 pre-seed round of financing participated by TheLAO, Consensys, Volt Capital, LongHash and other companies.
Parcel aims to help DAOs and open source projects automate payments and treasury management through its network, and its clients include SynthetixDAO, Compound, and Aave, among others. The funds will be used to develop the DAO protocol and help DAO build a fund management module with an incentive mechanism. Its team currently has 5 people and the company hopes to expand its team. (The Block)
Exclusive, a luxury NFT platform, completed a US$2.2 million seed round of financing, co-led by Tioga Capital, White Star Capital, and Indico Capital Partners, with participation from Formula E driver champion António Félix da Costa and APEX Capital driver Mitch Evans. Exclusive is a digital goods platform tailored for luxury brands, allowing customers to buy, trade and display exclusive branded NFTs. The funds will be used to launch a global luxury NFT platform that will incentivize users through gamification and social elements. Users will also be allowed to share their NFTs and build a community around the brand. Exclusive has signed letters of intent with high-end designers and plans to collaborate with several luxury brands later this year, the company said in a statement. (silicon canals)
The DeFi analysis community UniWhales completed $2.2 million in financing, led by Signum Capital, HyperChain Capital, Faculty Capital, Impossible Finance, and Double Peak Capital, with participation from Popcorn Kirby, Kris Cheng, and Polygon's Sandeep Nailwal. (CoinDesk)
Risk rating protocol Waterfall DeFi announced the completion of a $2 million seed round of financing led by GBV Capital, Divergence Ventures, and Ascensive Assets. Other major strategic investors include AscendEX, ROK Capital, Boxmining, Genblock Capital, Marshland Capital, Morningstar Ventures, and One Block Capital , Portico Ventures, Synaps, and well-known angel investors including Leo Cheng from CREAM Finance, Kevin Tai from Linear Finance, and Xinshu Dong from IOSG Ventures. The funds will be used to further develop, deploy and market Waterfall DeFi, improve its DeFi protocol, and help users better optimize their liquidity mining strategies. (Cointelegraph)
Avalanche-based cross-chain liquidity DEX HurricaneSwap completed a new round of financing of over US$2 million. Avalanche Asia Fund AVATAR Ventures, LD Capital, A&T Capital, JRR Crypto, Redline Capital, Spark Digital Capital, KuCoin Labs, MEXC Labs, Hive Capital, AVLAUNCH, DuckDAO, DAOWell, LimeStone Capital and 7 O'Clock Capital participated in the investment.
HurricaneSwap is an Avalanche ecological cross-chain multi-asset transaction DEX. It adopts a unique LP-Bridge mechanism (Roke Protocol) to allow users to trade assets of other chains without leaving Avalanche, providing users with high performance, low slippage, and low cost. , Seamless cross-chain transaction experience. HurricaneSwap has launched a network-wide test event. Participating in the test can get a total of 1 million HCT airdrops. Currently, the number of test addresses has exceeded 30,000.
Vienna-based cryptocurrency management company Coinpanion announced the completion of a seed round of 1.8 million euros, led by venture capital fund German High-Tech Gründerfonds (HTGF), Scalable Capital co-founder Patrick Pöschl, CLARK co-founder and CEO Christopher Oster, Runtastic Co-founder Florian Gschwandtner, famous Austrian investor Johann Hansi Hansmann, and pre-seed round investor Frank Westermann joined the cast. (EU-Startups)
Hyype, an NFT social network project, completed a $1.5 million seed round of financing, led by Electric Capital. Hyype will first reach out to specific NFT communities and get feedback on what characteristics make sense for each community, by creating a social network that allows NFT owners to connect corresponding stories with their favorite NFT The same way people use apps like Instagram and TikTok to tell the story of their lives. Hyype is currently scheduled to launch in late September. Interested users can get in early through its social media channels, and early adopters may get some perks, but Hyype will eventually be open to everyone. (The Defiant)
News Solana lending portal Larix announced the completion of the seed round of financing, Solana, Huobi Global, Solar Eco Fund, Epsilon Trading, MEXC Global, BitMart participated in the investment.
Collector organization FingerprintsDAO announced the completion of a new round of financing, a16z, Union Square Ventures, Variant, Divergence Ventures, The LAO Official, ConsenSys Mesh, Pixel Vault participated in the investment, and became community members of FingerprintsDAO to help it more easily promote and realize Faster scalability and stronger branding.
FingerprintsDAO is an organization for collectors, curators and producers, dedicated to curating and collecting artworks created using smart contracts in extremely creative ways, and generating corresponding blockchain fingerprints.
