Fundraising weekly – HashKey Group, Safary, Fetcch, Wield, etc.

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Source: CoinFactiva.com

Dates: 14 – 20, Jan 2024 This week’s most impressive capital infusion:

This week’s biggest investment round saw HashKey Group dominate with a $100 million Series A funding injection. The Hong Kong-based crypto exchange also operates HashKey Capital, a global asset manager solely focused on blockchain technology and digital assets. Other subsidiaries include HashKey Cloud, HashKey Tokenisation, and HashKey NFT, showcasing their strong presence in the world of Web3.

But HashKey Group wasn’t the only standout in the funding game this week. Pre-seed and Seed rounds also saw some impressive raises from innovative startups.

Root Protocol, a digital identity service and Web3 operating system, secured $2.5 million in Seed funding from prominent investors like Animoca Brands and Meltem Demirors. Their goal? To simplify access to various Web3 platforms and provide a seamless user experience.

Safary, a cookie-free tracking platform prioritizing user privacy, raised $2.4 million in a Pre-seed round from Lemniscap, Arca Fund, and other notable backers. With their innovative capabilities, including tracking wallets and recording Web3 conversions, Safary aims to centralize growth data and analyze Web3 marketing campaigns.

Fetcch, a Web3 infrastructure platform specializing in payments and digital rewards, pulled in $1.5 million in Pre-seed funding. With a focus on simplifying blockchain payment experiences, Fetcch introduces the concept of pull payments and enables custom-branded, chain-agnostic identities for seamless transactions.

Wield, a versatile protocol and operating system at the intersection of decentralization and entertainment, secured $1 million in Pre-seed funding. Their unique offering, Cast, allows for direct submission of Farcaster messages to a federated, open-source hub, bypassing onchain storage fees and ID requirements.

Four Pillars, a research-based blockchain startup, raised $500,000 in Seed funding from Kakao Ventures, Hashed, and Bass Investment. Their expertise lies in helping businesses effectively implement blockchain technology, providing timely insights and solutions for companies entering the blockchain market.

Renzo, an Ethereum restaking protocol, received $3.2 million in Seed funding from Maven 11 Capital, Figment, and other leading investors. Their aim is to simplify the complexities of restaking on EigenLayer and provide users with a more accessible and liquid way to engage with the process.

Finally, Rome Protocol, a Solana-based shared sequencer network, raised an undisclosed amount in Pre-seed funding from Portal Ventures. With their focus on efficiency and user experience, Rome Protocol aims to support various blockchains and expand its services to Layer 2 and other Layer 1 networks. This diverse range of innovative startups and their successful funding rounds showcase the growing importance and potential of Web3 in the world of investment.

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