- Auradine was able to raise the most funds — $81 million
- Six projects did not disclose the amount of investment
- The most active funds this week were Hashed Emergent, CoinSwitch and Coinbase Ventures
- Each of them took part in two rounds of funding
Your attention is a fresh weekly selection of 20 projects that were able to attract investment from funds last week. Below are the details of each project:
– Lifeform Company closed Series B funding round. The amount of the investment was not disclosed, but investment firm IDG Capital was the sole investor. Lifeform now has a $300 million valuation. The new capital could go a long way to help grow and expand the ecosystem and stay ahead of the competition. It also shows investor confidence in Lifeform’s business model and long-term growth potential. The company offers a revolutionary solution for decentralized digital identity (DID), which aims to establish interoperability between the digital and physical spheres.
– Cryptocurrency startup Hourglass attracted $4.2 million in seed funding led by Electric Capital. Other well-known funds such as Coinbase Ventures, Circle, Tribe Capital, Hack VC became other investors. The funds will be used to launch a unique marketplace for trading locked DeFi assets.
– Getaverse Environmental Services Platform received investment from FoundationYbb. The amount of funding was not disclosed. The investment is being used to expand the DID platform, develop a credit risk management system and AI components, and improve user experience. This is the third funding round for Getaverse in a year.
– AiONE platform, which is engaged in the integration of AI into business, received $3 million in funding during a private token sale. The launch of the AiONE token on the BNB Smart Chain (BSC) network is scheduled for this week. About a month ago, AiONE raised $10 million in investments, you can read more about this round in our material.
– Swedish music web3 company anotherblock announced about the closing of the seed funding round for $4.35 million. The round was led by Stride.VC, with the participation of Axwel. The firm aims to go global and make its product available to a wider range of artists, producers and record labels.
– One of the world’s leading decentralized social networks, Mask Network, announced about investments in the TON blockchain. The amount of funding was not disclosed, but it is known that the funds will be used to further develop the ecosystem and provide innovative solutions for people in various networks.
– River, a bitcoin technology and financial services startup, attracted $35 million investment. The Series B funding round was led by Kingsway Capital. Other investors included Peter Thiel, Goldcrest, Cygni, M13, Valor Equity Partners, Esas Ventures and Alarko Ventures. River aims to protect an honest and trustworthy financial system with BTC.
– Bitcoin miner Cormint Data Systems attracted $30 million Series A funding round led by company president Jamie McAveety and semiconductor firm Silicon Laboratories (SLAB) CEO Nav Sooch. Also joined by the chip firm’s former chief technology officer, Alessandro Piovoccari. Cormint plans to launch 2.4 EH/s computing power for self-mining before the end of 2024 at the Fort Stockton site.
Blockchain and AI-focused Auradine has raised $81M in Series A funding round led by venture capital firms Celesta Capital and Mayfield, with employees from both companies joining Auradine’s board of directors. Other investors included Marathon Digital Holdings, Cota Capital, DCVC and Stanford University, as well as several private investors. The Series A round was a combination of equity ($71 million) and a credit line ($10 million). New capital is used to secure full funding and meet product targets.
– Liquid Rate Protocol Asymmetry Finance announced that it was able to attract $3 million seed funding round led by venture capital fund Ecco Capital. Other investors were Republic Capital, Ankr and gmjp. This brings the total value of Asymmetry Finance to $20 million. The funds raised are used to develop, add talent, and attract more users and institutions to their platform, which is also launching on May 16th.
– A16z Crypto Foundation invested $29.30 million to Story Protocol, a startup that is building web3 technology to revolutionize how the metaverse is built. Also participating in the seed funding round were Hashed, Mirana Corp, DAO5, Samsung Next Fund, Two Small Fish Ventures, Berggruen and SLVC. The attracted investments are planned to be used to accelerate the development of their web3 infrastructure platform.
– DeFi platform Jia attracted A $4.3 million seed funding round led by backer TCG Crypto with participation from a range of funds including BlockTower, Hashed Emergent, Saison Capital and Global Coin Research and several private investors. Jia plans to use the funding to expand into Kenya and the Philippines before exploring new markets in West Africa, Latin America and Asia.
– Layer-1 Aura Network blockchain based on the Cosmos ecosystem, announced on the closing of a strategic funding round led by LD Capital. These funds are used to develop the ecosystem in order to expand the Asian NF blockchain market. In February of this year, Aura Network completed its previous Series A funding round for a total of $4 million.
– Digital entertainment company Izumo successfully attracted $2.2 million in angel funding round. 14 private investors took part in it. The new capital is being used to build a sustainable platform where everyone can live the way they want in the Web3 space using VTubing technology.
– Cryptocurrency derivatives exchange CoinCatch announced on the closing of the funding round, which was held by the ABCDE Capital fund. This investment will help the company innovate the cryptocurrency exchange industry and accelerate growth.
Web-3 developer platform Airstack has announced the closing of its extended seed funding round. At the first stage, the company raised $3 million. Now the company has received the second part of financing in the amount of $4 million. The Superscrypt fund became the main investor. In addition to him, NGC Ventures, Hashed Emergent, Signum Capital, Primal Capital, UOB Venture, WWVentures, Cypher Capital, WestWave Capital, CoinSwitch and private investors David Choi and Allen Day took part in the round.
– Game publishing platform, World Play League, closed a pre-seed round of funding backed by Genesis Vault Capital. The amount of the received investments was not disclosed. The funds are being used to revolutionize the gaming industry by bringing players from all over the world together in competitions, promoting community growth and opening up new social experiences.
– PYOR is a digital asset data platform, attracted $4 million investment. The seed funding round was led by Castle Island Ventures and included Coinbase Ventures, Future Perfect Ventures, CoinSwitch, Hash3, Force Ventures, Antler, and former Coinbase CTO Balaji Srinivasan. The startup will use the fresh capital to develop new products and hire employees.
Zero-knowledge technology startup Lagrange Labs announced the closing of a $4 million pre-seed funding round led by the 1kx fund, with participation from CMT Digital, Maven 11 Capital, Lattice, Daedalus. They plan to use the new capital to develop their ZK system, which ensures the secure interaction of various blockchain networks.
– Provider of a voucher system that allows consumers to accumulate, spend and send small amounts of bitcoin, Azteco, closed $6 million seed funding round led by Jack Dorsey with participation from Lightning Ventures, Hivemind Ventures, Ride Wave Ventures, Aleka Capital, Visary Capital, Gaingels, David Van Der Weele and Sunil Rajaraman. The company intends to direct funds for product development and market expansion in Latin America and Europe.
Top 20 funds by the number of investments in the period from May 15 to May 21:
Number of private funding rounds for categories:
There were 20 rounds per week. In which category did you invest the most?
Blockchain infrastructure – 2;
Blockchain service – 11;
CeFi – 2;
DeFi – 3;
GameFi -1;
Social – 1;
Last week, 19 projects raised $74.24 million in investment last week. You can read more about them in our material.
