- The Galaxy Finance project was able to attract the most funds – $ 30 million
- 9 projects did not disclose the amount of investment
- The most active fund this week was Binance Labs
- He has participated in seven funding rounds
We bring to your attention a fresh weekly selection of 23 projects that received funding from various investment funds last week. Below are the details of each of these projects:
– Decentralized Autonomous Organization TapiocaDAO, creating the first-ever omnichain money market in more than 17 EVM and non-EVM networks, announced the closing of a $6 million seed funding round. Investors are: Magnus Capital, LayerZero Network, Fisher8 Capital, PARC Capital, Jones DAO, Dewhales, DCF God, coinflipcanada, Noah Seidman, CryptoCondom, Small Cap Scientist, icebergy.
– Firm Web3 CRM Vantient attracts $4.45 million investment from Cercano Management and other companies. The round includes $3.45 million in new equity financing and a $1 million share allocation to CARE investors.
– Company Republic invests $5.25 million in INX – the first fully regulated platform that combines investment, cryptocurrency trading and capital raising. At the same time, INX and Republic entered into a cooperation agreement, according to which the parties will seek to expand the breadth and depth of the tokenization infrastructure and access to digital assets for investors around the world.
– Galaxy Finance receives $30 million in Series B funding. The company will use the funds to expand its Web3 wallet and financial education initiatives. Hong Kong-based BlackPine, Singapore-based QCP Capital and US-based Tally Capital led the round. The new capital will also enable Galaxy Finance to improve its offerings and expand its footprint in the fast growing Southeast Asian market.
– Binance Labs reported on the completion of the fifth season of the incubator program for funding promising Web3 startups. Five projects were selected for it, including solutions for lending, investment portfolio management and privacy. The following startups won in the fifth round:
- bracket labs. A project to create structured leveraged solutions with a simple and user-friendly interface.
- DappOS. Infrastructure for the development of solutions aimed at lowering the barrier to entry into Web3.
- Cryptoskatt. A wallet and investment portfolio management tool with the simplest possible interface.
- mind network. Fully encrypted network based on the FHE platform. Provides complete confidentiality and anonymity.
- zkPass. An authentication solution that keeps the user anonymous.
– Portal Gate privacy solution using zero-knowledge technology to anonymize intranet trading and capital flows, closes a $1.1 million funding round to build a privacy-focused DeFi infrastructure. The seed funding round was led by Apollo Crypto with UpsideDAO, Greythorn Asset Management, Comma3 Ventures, Gandel Invest, ScalingX, Cluster Capital, Rebase D. Ventures, Fork Ventures and private investors. The funding will be used to scale the core team, launch privacy pools on the core network.
– Accenture Ventures carries out a strategic investment in British-Brazilian firm Parfin, which offers the largest financial institutions in Latin America the tools to store, trade and manage digital assets. Accenture’s investment amount was not mentioned. In January, Parfin already raised $15 million from Framework Ventures.
– On June 20, the EDX Markets cryptocurrency platform begins its work, which is supported by large American companies such as Citadel Securities, Fidelity Investments and Charles Schwab. EDX, unlike traditional cryptocurrency exchanges, has declared its focus on using the standards of the traditional financial sector. However, it will function as a non-custodial exchange, avoiding direct interaction with clients’ digital assets. Instead, EDX will provide a platform where companies can trade between cryptocurrencies and fiat currencies.
– A gaming platform for cat lovers, Cat Paradise, received funding from renowned partners including Y2Z, SecondLive, COMBO, Mask Network, EMURGO Ventures, Initiate Capital and Moon Capital. The company plans to create a virtual world where everyone can immerse themselves in an enchanting and interactive experience.
– Singapore-based digital payment platform, Dtcpay, has raised $16.5 million in a pre-series A funding round. Kwee Liong Tek, chairman of luxury real estate firm Pontiac Land Group, is known to have been the lead investor. In addition to him, David Tung, Sai Choy and Jean-Marc Poullet took part in the round. The company announced that the funds will be used to further invest in product development, improve the reliability of operations and infrastructure, and expand the global presence of the dtcpay payment system.
– NFT project Openfoodie announced about closing the seed round of financing for $500 thousand. Bitrise Capital, Starwin Group, Hash Global, Teraland took part in the round.
– Binance Labs and CoinFund headed a $10 million funding round for Neutron, a smart contract infrastructure company. The capital will help advance Neutron’s blockchain software development and grow its ecosystem. Other round investors included Delphi Ventures, LongHash Ventures, Semantic Ventures and Nomad Capital.
– DeFi infrastructure startup – Maverick Protocol attracts $9 million investment led by Founders Fund. Also participating in the funding round were Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo Crypto. The firm will focus on building a more efficient liquid token infrastructure to address cross-chain liquidity issues.
– Earn Network attracts $2.7 million investment. The seed round was led by Shima Capital. Also participating were: DFG, Jsquare, LD Capital, Cronos Labs, GTS Ventures, Bixin Ventures, ViaBTC Capital, Mars DAO and Mirana Ventures. The new funding will be used to further develop new product categories on the Earn Network marketplace.
– Decentralized exchange for spot trading, Vertex Protocol, received strategic investment from Wintermute Ventures. The move will allow both firms to deepen ties with each other across various lines of business and includes Wintermute providing liquidity for the Vertex Protocol exchange.
– Radius Company attracted $1.7 million investment in the previous seed funding round. Radius introduces a new concept for secure collaborative sequencing by introducing an innovative approach to the development and operation of modular blockchains. The team is also actively working on an alpha mainnet launch scheduled for the first quarter of 2024.
– Staking platform, Northstake, attracts $3 million investment from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures and Delta Blockchain Fund. The company takes care of the legal and technical aspects of staking, the process of supporting a public blockchain such as Ethereum by placing collateral on the network in exchange for income.
– Startup Kaito received $5.5 million in Series A funding to create an AI search engine for cryptocurrencies. Now the company’s valuation is $87.5 million. The round was led by Superscrypt and Spartan.
– Anichess announced on the closing of a $1.5 million seed funding round. The investments raised are used to develop a decentralized chess game, as well as to expand the team and further develop the game, before the launch of the alpha version in the first quarter of 2024. The round was supported by GameFi Ventures, The Operating Group, Koda Capital, Bing Ventures, 708 Capital and Asymmetry Capital.
Top 20 funds by the number of investments in the period from June 17 to 24:
Number of private funding rounds for categories:
There were 23 rounds in a week. In which category did you invest the most?
DeFi – 10;
Blockchain service – 5;
CeFi – 4;
GameFi – 2;
NFT – 1;
Blockchain Infrastructure – 1.