Dates: 24 June 2024 – 30 June 2024. This week’s notable funding rounds according to Coinfactiva.com’s research:
Conduit raised $37M from Paradigm, HAUN Ventures, Coinbase Ventures, and others. Conduit’s crypto infrastructure enables quick deployment of production-grade OP Chains without handling scalability, reliability, and upgrades. It supports DeFi, gaming, NFTs, and other on-chain providers to scale applications.
MegaLabs raised $20M from Dragonfly Capital, Figment Capital, and others for MegaETH, aiming for 100,000 TPS with Ethereum compatibility using a hyper-optimized EVM environment and specialized network nodes.
Ora Protocol raised $20M from Polychain Capital, HF0, and others for Ethereum’s trustless AI, bringing AI and complex computations on-chain with its Onchain AI Oracle.
Nillion secured $20M from a public sale for a non-blockchain decentralized network for secure storage and data computation.
Crossover Markets raised $12M from Illuminate Financial, DRW Venture Capital, and others for a digital asset trading technology firm focusing on institutional liquidity for spot and derivative cryptocurrency markets.
Redacted raised $10M from The Spartan Group, Animoca Brands, and others for a Web3 entertainment ecosystem integrating blockchain and AI for an interactive, reward-based “entertainment datasphere.”
AnchorZero secured $8M from Bain Capital Crypto, Spark Capital, and others to develop decentralized oracle networks and Web3 tax planning solutions for secure data feeds and smart contracts.
Covalent received $5M from RockTree Capital, CMCC Global, and others to leverage big-data technology for meaningful data analysis.
Enso Finance received $4.2M from Hypersphere and IDEO CoLab Ventures for a network that abstracts smart contract interactions across various platforms.
SoSoValue raised $4.2M from HongShan, GSR Markets LTD, and others for a financial research platform offering macro market information for cryptocurrency investors using AI-based news and research systems.
Allora raised $3M from Delphi Ventures, Coin Merge Strategy, and others for a decentralized AI network enabling smarter, more secure AI applications and monetization of ML models through novel crypto economic mechanisms.
NovaNet raised $3M from Finality Capital, Arrington Capital, and others to develop a decentralized proving network using zero-knowledge proofs for secure, scalable computations across multiple platforms.
Rebar Labs secured $2.9M from 6th Man Ventures, Arca Fund, and others to develop MEV-aware infrastructure for Bitcoin, enhancing on-chain ecosystems with metaprotocols like Runes and BRC-20s.
Legend of Arcadia raised $1.4M from a public sale for a multi-chain, play-to-earn strategy card game blending traditional gaming with Web3 innovations.
GolfN received $1.3M from CitizenX Crypto Ventures and others for a Web3 golf play-to-earn game that rewards traditional golf activities through blockchain technology.
Shaga raised $1M from Arca Fund and others for a decentralized gaming network that turns personal devices into compute nodes for low-latency, high-performance gaming.
X-Protocol secured $800K from Cogitent Ventures, Zephyrus Capital for a Web3 gaming blockchain emphasizing decentralized models and cross-platform experiences.
Fenix received $300K from Orbs, Lynex, and others to build a decentralized exchange for the Blast ecosystem, supporting traders, liquidity providers, and protocol developers.
Bluefin (formerly Firefly, dTrade) received an undisclosed amount from Flow Traders for an orderbook DEX for perpetual swaps and options, leveraging Polkadot’s security and low-latency transactions.
TDMM (TradeDog Market Manager) raised an undisclosed amount from Blockchain Founders Fund and Anthony Scaramucci for a crypto market-making company offering liquidity and market-making services.
Infrared secured an undisclosed amount from Binance Labs Fund for Proof of Liquidity within the Berachain ecosystem, optimizing staking processes and liquidity provider incentives.
Argo raised an undisclosed amount from Paxos and WonderFi for digital gold and precious metals trading and storage.
Elfin Metaverse (formerly Elfin Kingdom) raised an undisclosed amount from Manta Network for an MMORPG metaverse merging DeFi and play-to-earn rewards.
