Dates: 01 July 2024 – 07 July 2024. This week’s notable funding rounds according to Coinfactiva.com’s research:
Iris Energy (IREN), an Australian next-generation data center, secured $413M in a funding round. It powers Bitcoin mining, AI, and other operations using 100% renewable energy. The company aims to scale its hash rate capacity to 30 EH/s and data center capacity to 510 MW by 2025, with further expansion plans.
Sentient secured $85M from Founders Fund, Pantera Capital, Framework Ventures, Ethereal Ventures, Robot Ventures, Symbolic Capital, Delphi Ventures, Hack VC, Arrington Capital, Hashkey Capital, Foresight Ventures, MH Ventures, Canonical Crypto, Primitive, Nomad Capital, Hypersphere, IDG Capital, Casey K. Caruso, Protagonist, Folius Ventures, Sky9 Capital, Mirana Ventures, The Spartan Group, and Dispersion Capital. Sentient is an AI research organization promoting an Open AGI Economy for AI builders and creators.
Carv raised $35M in a public sale. Carv is developing a Web3 identity solution that integrates Web2 and Web3 gaming data to create unique user IDs.
Lombard raised $16M from Polychain Capital, Babylon, dao5, Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle Network, Nomad Capital, OKX Ventures, and Robot Ventures. Lombard integrates Bitcoin into DeFi, building a universal standard for cross-chain, yield-bearing BTC without fragmenting liquidity.
Prodia raised $15M from Dragonfly Capital, Hashkey Capital, Web3com Ventures, Index Ventures, Symbolic Capital, OKX Ventures, Escape Velocity, Artichoke Capital, TRGC, Folius Ventures, Tangent Ventures, Balaji Srinivasan, Sandeep Nailwal, and Southern Equity. Prodia offers a fast and easy-to-use API for image generation, leveraging a distributed network of GPUs for efficient cloud computing services.
RedStone secured $15M from Arrington Capital, SevenX Ventures, IOSG Ventures, The Spartan Group, White Star Capital, Protagonist, gumi Cryptos Capital, Samara Asset Group, HTX Ventures, Amber Group, Kenetic, Selini Capital, Fourth Revolution Capital, Chorus One, Cluster Capital, Flowdesk, Relayer Capital, Nonce Classic, Thanefield Capital, Triton Liquid Fund, Revelo Intel, Christian Angermayer, Smokey The Bera, DeFiDad, and Nomatic. RedStone is a next-generation cross-chain data oracle providing pricing data for financial protocols.
Pi Squared secured $12.5M from Polychain Capital, ABCDE Capital, Bloccelerate, Generative Ventures, Robot Ventures, and Samsung Next. It enables trustless remote computing, AI, and interoperable smart contracts using zero-knowledge technology.
Astria secured $12.5M from DBA, Placeholder, RockawayX, Maven 11 Capital, 1kx, Figment Capital, Bankless Ventures, Hasu, Will Price, Jason Yanowitz.
SendBlocks raised $8.2M from Castle Island Ventures, Pitango, Illuminate Financial, Laser Digital, and Starkware. It simplifies access to blockchain data through a customizable platform, automating data triggers and outputs directly into backends via webhooks.
OpenLedger secured $8M from Polychain Capital, Borderless Capital, Finality Capital, Hash3, Hashkey Capital, TRGC, Stix, Mask Network, MH Ventures, WAGMI Ventures, Balaji Srinivasan, Sandeep Nailwal, Sebastien Borget, Aniket Jindal, Scott Moore, Paul Taylor, and Trevor Koverko. It builds permissionless, data-focused infrastructure for AI development, enhancing AI model performance through decentralized data pipelines.
QED Protocol raised $6M from Blockchain Capital. It is Bitcoin’s native execution layer, providing a scalable, secure, and user-friendly platform for Web3 development. As the first zk-Native blockchain, QED ensures horizontal scalability and Web2 developer friendliness. Its zk-PARTH state model allows millions of transactions per second, enhancing blockchain applications with local transaction proofs and fixed gas fees.
Swords & Dungeons secured $5M from Mirana Ventures, Qiming Venture Partners, OKX Ventures, Y2Z Ventures, Matrix Partners, Folius Ventures, Mask Network, SNZ Holding, ArkStream Capital, Sky9 Capital, Primal Capital, Bas1s Ventures, Polemos, and Welight Capital. It is a P2E DeFi MMORPG that merges traditional gaming systems with Web 3.0 P2E modes.
Mamori secured $5M from Blockchain Capital, Velocity Capital, Web3com Ventures, and Daniel Lubarov. It is a machine learning-enabled platform for blockchain value extraction, addressing scalability, automation, and exploit detection challenges.
Compute Labs raised $3M from Protocol Labs, MH Ventures, Hashkey Capital, ArkStream Capital, OKX Ventures, Symbolic Capital, Coin Merge Strategy, P2 Ventures, Blockchain Coinvestors, Amber Group, Ambush Capital, Cogitent Ventures, Builder Capital, Optic Capital, Oak Grove Ventures, Mozaik Capital, Sandeep Nailwal, Illia Polosukhin, and Austin Federa. It is a compute tokenization protocol that financializes AI by enabling direct exposure to compute assets and creating compute derivatives.
FreeBnk raised $3M from FounderHeads VC, LVT Capital, Lavender Capital, and ChaiTech Ventures. It integrates cryptocurrency services with traditional banking functions, offering over 1200 cryptocurrencies, low-fee international fiat transfers, and secure digital asset storage.
Cambria secured $2.5M from BITKRAFT Ventures, 1kx, Hype.eth, Tom Shaughnessy, and Bharat Krymo. Cambria developed Duel Arena, a high-stakes 1v1 dueling game inspired by Runescape.
Onaji secured $2.5M in a pre-seed round from Stratos Technologies, Maven 11 Capital, Inception Capital, Uniswap Labs Ventures, Hypersphere, IOSG Ventures, and Punk DAO. Onaji is a machine learning platform for smart contract blockchains. It provides model training, real-time and historical data analysis, on-chain action execution, back-testing, and simulation. The platform supports Ethereum applications, enabling ML models to execute decisions on-chain for various DeFi applications.
Nubila raised $2.5M from IoTeX, VeChain, The Boston Consulting Group, Orange DAO, MH Ventures, FutureMoney Group, SNZ Holding, Kronos Research, Taisu Ventures, ByteTrade Lab, Waterdrip Capital, Assembly Partners, CyberConnect, and Genopets. Nubila is a global environmental data network leveraging DePIN and AI to enhance ESG data collection and analysis.
Ethos raised $1.8M from Bharat Krymo, dingaling, and Zeneca. It is a credibility platform designed to create a more trusted web3 ecosystem by enabling users to build their reputation and penalize bad actors.
Pac Finance secured $1M from Manifold, Mapleblock Capital, and Polychain Capital. It is a lending and margin trading protocol on Blast L2, featuring self-paying mechanisms, one-click leverage, and gas fee refunds.
Monad Pad raised $0.9M in a seed round. Investors included Cogitent Ventures, Coin Merge Strategy (CMS), CSP DAO, Zephyrus Capital, Sneaky Ventures, Legion Ventures, and FOMO Ventures. Monad Pad, the first token and NFT launchpad on the Monad network, empowers creators, investors, and collectors. It offers presales of vetted DeFi projects and features tools like token lockers, LP lockers, and a presale buy bot. The platform rewards users through LP staking, NFT staking, and a revenue share model.
Nycrypto Labs (Tidus Wallet) raised $800K in a pre-seed round from DNA Fund and Transform Ventures. Founded in 2020, Nycrypto simplifies access to the decentralized world through reliable technology for blockchains, cryptocurrencies, DeFi, and the Metaverse. Tidus Wallet, their flagship product, offers a user-friendly interface for storing, sending, swapping, and staking assets across multiple blockchains.
Sun Protocol Secures Undisclosed Amount
Sun Protocol raised an undisclosed amount from Digital Finance Group and Moore Foundation. It integrates multi-chain transactions, cross-chain capabilities, staking, and Lightning Network functionalities. The platform offers Swap, NFT, Pledge, Lending, Cross-chain, Inscription, and ID products, providing a comprehensive trading ecosystem.
Plaza Finance Secures Undisclosed Amount
Plaza Finance raised an undisclosed amount from Anagram, Interop Ventures, Cosmostation, and Skip Protocol. It is a cross-ecosystem hub for programmable derivatives, enabling the creation and trading of tokenized financial products on the blockchain. These derivatives are asset-backed and offer enhanced liquidity and composability compared to synthetic contracts.
Wallet Guard Acquired by ConsenSys
Wallet Guard was acquired by ConsenSys in a funding round. It is an open-source browser extension featuring transaction simulation and proactive phishing detection.
Vault Secures Funding from DRiP
Vault raised an undisclosed amount from DRiP. This Web3 music platform uses NFTs to offer exclusive digital music collectibles, providing artists with additional revenue opportunities.
Solayer Attracts Prominent Investors
Solayer secured an undisclosed amount from investors including Sandeep Nailwal and Anatoly Yakovenko. Solayer is building a restaking network on Solana to enhance decentralized cloud infrastructure and consensus.
Amber Japan, formerly DeCurret, raised an undisclosed amount from Sony Corporation. Rebranded as S.BLOX, the crypto exchange will relaunch under Sony’s ownership, marking Sony’s significant entry into the crypto market.
