Dates: 22 July 2024 – 28 July 2024. This week’s notable funding rounds according to Coinfactiva.com’s research:
Block Mining Group raised $92.5M in an M&A funding round from Riot Platforms. Headquartered in Chicago, Illinois, the company provides Bitcoin mining infrastructure and colocation services. They support the Bitcoin network by building and deploying data center infrastructure across the United States.
Seed Funding Highlights
aPriori secured $8M in a Seed round from investors like Pantera Capital, ABCDE Capital, and ConsenSys. The platform aims to revolutionize DeFi by offering innovative financial products and optimized yield strategies. Users benefit from secure asset management and integration with various blockchain networks, democratizing access to sophisticated financial tools.
Kuru raised $2M from Electric Capital, Brevan Howard Digital, and others. This on-chain order book exchange is built on the Monad blockchain, offering high-speed and scalable trading solutions. Kuru aims to deliver a robust trading experience with low latency and high throughput.
Kintsu secured $4M from Castle Island Ventures and others. The platform enhances DeFi ecosystems by allowing users to stake gas tokens and earn Liquid Staking Tokens (LSTs). Kintsu uses zero-knowledge cryptography for security and scalability, with a strong governance model empowering its community.
Multiple Investments in DeFi Platforms
Multiple raised $2M from OKX Ventures and other investors. This DeFi platform optimizes yield generation using sophisticated algorithms. Multiple simplifies earning interest on crypto assets through an intuitive interface and robust security measures.
BitFi raised an undisclosed amount from Fundamental Labs and others. The CeDeFi platform combines secure staking with innovative synthetic assets. BitFi offers products like the BitFi Synthetic Dollar, providing users with enhanced earning opportunities.
RiskLayer also raised an undisclosed amount from Antler and others. The autonomous risk oracle platform democratizes app-specific risk feeds for Ethereum and Bitcoin. RiskLayer enables structured financial products with integrated risk management strategies.
AI and Blockchain Innovations
RedPill raised $5M from Animoca Brands and others. The AI platform democratizes advanced AI technologies, offering user-friendly tools for various industries. RedPill aims to simplify AI integration and deployment, enhancing operations and productivity.
Roxom raised $4.3M from Tim Draper and others. This Bitcoin-denominated market platform allows users to trade various financial assets using Bitcoin. Roxom integrates Bitcoin as the primary currency for a diverse range of trading opportunities.
Network3 raised $5M from IoTeX and others. The AI-powered DeFi platform optimizes liquidity management and yield generation. Network3 provides intelligent asset management solutions, integrating seamlessly with various DeFi protocols.
Assisterr raised $1.7M from Web3com Ventures and others. The AI platform revolutionizes customer service with automated solutions. Assisterr AI enhances efficiency and user experiences through features like natural language processing and sentiment analysis.
Diverse Funding in Blockchain and DeFi
Etherfuse raised $3M from White Star Capital and others. It democratizes secure financial investments through blockchain technology, offering products like Stablebonds and Validator-backed NFTs.
NPC Labs raised $18M from Pantera Capital and others. The company uses Web3 tools for product distribution, supporting global logistics and distribution of digital assets.
Mezo raised $7.5M from Cathay Ledger Fund and others. This Bitcoin-native chain offers real utility and honest yield for Bitcoin holders, fostering a thriving economy through EVM compatibility and dual staking models.
OpenSocial raised $6M from Framework Ventures and others. The multichain SocialFi infrastructure offers scalable protocols for Web3 users, enhancing emotional and financial engagement through flagship dApps.
Series A and Further Investments
Caldera raised $15M from Founders Fund and others. The no-code Web3 infrastructure platform specializes in building high-performance, customizable layer-two blockchains.
DAOBase raised $6M from SevenX Ventures and others. The AI-powered data analytics platform provides comprehensive insights for Decentralized Autonomous Organizations (DAOs), enhancing governance and decision-making processes.
Yup, Panda Titan, and Stix Protocol also raised undisclosed and significant amounts in funding rounds. These platforms focus on social networking for curators, blockchain gaming ecosystems, and meme competition and promotion, respectively.
Bitlayer raised $11M in Series A from Franklin Templeton and others. The platform introduces Bitcoin security-equivalent Layer 2 solutions, aiming to enhance scalability and security for Bitcoin transactions.
Igloo raised $11M from Founders Fund and others. This parent company to Pudgy Penguins is developing a consumer-focused Layer 2 blockchain called Abstract.
Pluto Studio raised an undisclosed amount from Binance Labs Fund. The GameFi publishing platform launched the Telegram game Catizen.
Multipool raised an undisclosed amount from Kronos Research. The decentralized protocol aims to revolutionize DeFi trading with innovative features like an independent on-chain order book.
MetaBeat raised $3M from FZF Ventures. The incentivized community platform leverages fan activities to support the music ecosystem through blockchain technology and NFTs.
Zircuit raised an undisclosed amount from Binance Labs Fund and others. The EVM-compatible zero-knowledge rollup enhances Web3 potential with robust infrastructure and zero-knowledge proofs.
