Dates: 09 December 2024 – 15 December 2024. This week’s notable funding rounds according to Coinfactiva.com’s research:
Avalanche’s Major Investment
Avalanche, an open-source platform, raised $250M in funding. Investors include Galaxy Digital, Dragonfly Capital, ParaFi Capital, and others. The platform supports decentralized applications and enterprise blockchain solutions in one ecosystem.
Lava Secures $10M for Bitcoin Integration
Lava raised $10M in Series A funding from Khosla Ventures, Founders Fund, and others. The platform enables users to save in Bitcoin and spend in dollars. It offers a Bitcoin-backed debit card that allows seamless everyday purchases using Bitcoin savings.
Terrace Raises $2.5M for Trading Platform
Terrace raised $2.5M in a public sale funding round. The platform integrates over 40 centralized and decentralized crypto exchanges, offering advanced trading features like smart order routing and real-time order books. It supports retail and institutional traders in managing portfolios efficiently.
Exabits Secures Seed Investment
Exabits raised $15M in seed funding from Hack VC. The platform offers decentralized infrastructure for AI applications. Users can contribute to the infrastructure, train AI models, and provide GPU services, data storage, or expertise without central control. Through Web3 identities, Exabits promotes an accessible and user-friendly AI ecosystem.
ProvLabs Expands Blockchain Solutions
ProvLabs, formerly Provenance Blockchain, raised an undisclosed amount in seed funding. Investors included Animoca Brands, Blockchange Ventures, and others. The company offers blockchain infrastructure to digitize real-world assets at scale. It provides APIs and SaaS tools to help financial institutions deploy decentralized applications.
Kast Revolutionizes Cryptocurrency Spending
Kast raised $10M in seed funding from Peak XV Partners, DST Global, and others. The platform provides stablecoin-powered virtual and physical cards for global spending. Kast supports stablecoins like USDT, USDC, and USDe and integrates with Apple Pay and Google Pay. Users can track spending, budget, and earn rewards.
Mandala Chain Enhances Blockchain Adoption
Mandala Chain raised $1M in a pre-seed funding round. Investors included Harbour Industrial Capital and NLS Ventures. The hybrid blockchain integrates government, enterprise, and retail applications in Indonesia. It uses Substrate for secure data management and enables decentralized identity and cross-chain interoperability.
SmarDex Innovates Decentralized Exchange
SmarDex raised $4.5M in seed funding. The platform uses an advanced AMM algorithm to mitigate impermanent loss, offering potential impermanent gains. Operating across multiple blockchains, SmarDex supports token swaps, liquidity provision, and staking, enabling users to interact with various networks.
Glacier Labs Raises Funds for DApps
Glacier Labs raised $3.4M in a public sale funding round. The platform facilitates DApp development using a Layer-2 rollup network. It offers data ownership, configuration, and decentralized database integration for seamless Web3 application scaling.
MegaLabs Launches MegaETH Blockchain
MegaLabs raised $10M in a public sale. The blockchain, MegaETH, supports 100,000 transactions per second with full Ethereum compatibility. It uses a specialized architecture to optimize transaction throughput while minimizing hardware requirements for full nodes.
Privasea Secures Funding for AI Privacy
Privasea raised an undisclosed amount from Lunar Labs Capital. The AI network uses Fully Homomorphic Encryption combined with blockchain incentives to protect data privacy. This solution ensures secure and private machine learning computations, promoting collaborative AI experiences.
Superform Labs’ DeFi Marketplace
Superform Labs raised $3M in strategic funding. The platform provides a cross-chain yield marketplace for DeFi protocols. Superform simplifies yield management by offering a unified interface for users to deposit funds into vaults and earn returns without the complexities of swapping or bridging.
Uranium Digital’s Tokenization Venture
Uranium Digital raised $1.7M in pre-seed funding. Portal Ventures, Framework Ventures, and others contributed. The startup aims to revolutionize the uranium market through tokenization. Its blockchain tokens represent uranium ore and enable transparent, regulated trading.
Fantasy Top’s SocialFi Gaming
Fantasy Top secured $4.3M in seed funding. Dragonfly Capital and Manifold are key investors. The platform blends social media and gaming, allowing players to earn rewards based on Twitter activity. Users can trade crypto influencers’ performance through trading cards.
Perena’s DeFi Solutions
Perena raised an undisclosed amount in pre-seed funding. Investors include Borderless Capital and Binance Labs Fund. This decentralized finance platform enhances stablecoin liquidity, usability, and rewards. It enables seamless asset exchanges and lowers entry barriers for new stablecoins.
SpiceNet’s Trading App Rollup
SpiceNet raised $3.4M in seed funding. Hack VC, Magnus Capital, and other investors supported the venture. The app rollup is designed for efficient and fast trading. It operates on the Celestia network, offering gas-free, sub-millisecond transactions with fraud resistance.
Neptune Protocol’s Borrowing Platform
Neptune Protocol secured $3.9M in seed funding. Key investors include Animoca Ventures and CMS Holdings. The decentralized platform provides over-collateralized loans using USDN, a stablecoin pegged to the US Dollar. It enhances capital efficiency within the Eclipse and Solana ecosystems.
Waterfall Protocol Raises $11.6M
Waterfall Protocol secured $11.6M in funding from Bolt, Alpha Token Capital, and Enflux. The decentralized smart contract platform is built using Directed Acyclic Graphs (DAG) technology and Proof-of-Stake (PoS) consensus. It offers scalability, security, and low hardware requirements, while supporting Ethereum Virtual Machine (EVM) compatibility for Dapp development.
AgriDex Transforms Agriculture Marketplace
AgriDex raised $4M in strategic funding. Backed by Portal Ventures and other investors, the platform revolutionizes agriculture with its transparent, integrated marketplace. It uses Fiat-on-Chain and smart contracts for efficient supply chain management, empowering stakeholders to engage in compliant and transparent transactions.
Remora Markets Bridges Finance
Remora Markets raised an undisclosed amount through M&A funding from Step Finance. The platform introduces tokenized securities to Solana blockchain, enabling users to trade traditional equities globally. These tokenized assets integrate seamlessly into the DeFi ecosystem, offering easy, borderless access to financial markets.
Wild Forest Offers PvP Strategy
Wild Forest raised $100K in a public sale. The free-to-play RTS game is built on the Ronin blockchain. It features PvP battles and card-collecting elements, allowing players to build bases, manage resources, and battle for supremacy. Available on multiple platforms, it enhances strategic depth with varied maps and NFT unit cards.
Zodia Custody Secures Assets
Zodia Custody raised an undisclosed amount from Emirates NBD. The digital asset custodian offers secure, compliant custody services for institutional investors. It combines banking expertise with innovative digital solutions, providing cold storage, staking, and trading services for institutional clients under regulatory approvals from the UK and Ireland.
Commonware Supports High-Performance Apps
Commonware raised $9M in funding from HAUN Ventures, Dragonfly Capital, and others. This open-source blockchain framework, built with Rust, provides modular tools for building specialized, high-performance applications. It allows developers to create efficient blockchain solutions by decoupling traditional layers and supporting interoperability and high throughput.
Sphere Labs Facilitates Stablecoin Payments
Sphere Labs raised $5M in strategic funding from Coinbase Ventures and others. The platform operates as an interface for stablecoin payments, supporting secure, cost-effective cross-border transactions. Sphere Labs simplifies stablecoin interactions by linking blockchain and custodial infrastructure for businesses in emerging markets.
Nano Labs Develops Advanced Chips
Nano Labs raised $36.3M in private funding. The Chinese fabless IC design company specializes in high-throughput computing solutions. With advanced chips like Cuckoo and Darkbird, Nano Labs pioneers technologies in distributed computing and memory, addressing the needs of modern, bandwidth-intensive applications.
GEODNET Offers Geospatial Data Solutions
GEODNET raised an undisclosed amount in funding from ParaFi Capital. This decentralized network uses blockchain technology to collect Earth observation data from space weather stations. Participants contribute geospatial data via GNSS antennas, earning GEOD tokens as rewards for their involvement in the network.
Soarchain Connects Vehicle Data
Soarchain raised $4.5M in funding from multiple investors. The platform creates a sovereign app chain for sharing real-time vehicle data, improving urban safety and efficiency. Developers can access this data to build applications on a secure, open platform, fostering smarter cities with improved services.
Hyperbolic AI Platform Secures $12M
Hyperbolic raised $12M in Series A funding from top investors including Variant Fund and Polychain Capital. The AI cloud platform connects global compute resources, offering scalable GPU access and AI services. It ensures affordable and accessible computing for researchers, businesses, and individuals, democratizing AI infrastructure.
Klickl Raises $25M for Growth
Klickl raised $25M in Series A funding, led by Web3Port Labs, Aptos Labs, and others. It provides regulated open banking and virtual asset services in MENA. The platform offers a wide range of crypto-friendly services, including the Klickl 4U app, custody solutions, payment gateways, and brokerage services.
BounceBit Introduces Unique Restaking Protocol
BounceBit raised an undisclosed amount from Boyaa Interactive. As a Bitcoin restaking protocol, it offers a dual-token staking system. Bitcoin and BounceBit tokens secure the network, allowing users to earn yields through DeFi and CeFi mechanisms.
Orion Principals Expands Financial Services
Orion Principals secured an undisclosed funding amount from Crypto.com Capital. The Abu Dhabi-based brokerage firm provides a broad range of financial services, including securities trading, futures, and Forex. It serves institutional clients and high-net-worth individuals.
Relai Raises $12M for Expansion
Relai raised $12M in Series A funding from investors including Ego Death Capital. The Bitcoin-only investment platform allows European businesses to add Bitcoin to their balance sheets. It provides an easy, secure, and intuitive way for small and medium-sized businesses to invest in Bitcoin.
Skip Enhances Cross-Chain Connectivity
Skip secured an undisclosed amount in M&A funding from the Interchain Foundation. It offers blockchain infrastructure tools, including the Skip:Go API for seamless multi-chain interactions. These tools enable decentralized applications to operate with greater interoperability and data sovereignty.
TLX Launches Decentralized Leveraged Tokens
TLX raised an undisclosed amount in M&A funding from Synthetix. The protocol enables users to mint and trade leveraged tokens with up to 20x leverage. It integrates Synthetix’s Perps V2 engine, offering deep liquidity and composability within DeFi.
Astra DAO Expands Automated Crypto Solutions
Astra DAO raised an undisclosed amount from Token Metrics. This decentralized platform provides automated crypto asset allocation and a Launchpad for blockchain projects. It allows users to invest in crypto strategies through indices, while its native ASTRA token powers governance and rewards distribution.
SettleMint Simplifies Blockchain Development
SettleMint secured an undisclosed amount from The Hashgraph Association. The platform provides low-code tools for developers to build Web3 applications. With frameworks, templates, and APIs, it helps developers quickly create blockchain-based solutions.
Dtravel Innovates Blockchain Travel Solutions
Dtravel raised an undisclosed amount from Modular Capital. The decentralized travel ecosystem uses blockchain to enhance trust, reputation, and connectivity in the travel industry. It provides direct bookings, while Dtravel Meridian offers an NFT travel profile for ownership of travel data.
ChainAwareAI Enhances Web3 Security
ChainAwareAI raised an undisclosed amount from ChainGPT Labs and CoinIX Capital. This AI-powered platform offers tools like Wallet Auditor and Fraud Detector to improve Web3 security. It uses predictive analytics to detect fraud and optimize marketing strategies across major blockchain networks.
Bounty Bay Facilitates Web3 Commerce
Bounty Bay secured an undisclosed amount from Animoca Brands. The Web3 social commerce platform, integrated with Telegram, connects brands and creators. It enables social shopping, where users earn rewards through social referrals and group buying.
ApeScreener Empowers Crypto Investors
ApeScreener raised an undisclosed amount from Messier. This AI-driven platform helps users track and manage their cryptocurrency portfolios. It offers advanced AI solutions to guide investment decisions and optimize portfolios.
