Fundraising weekly – Ithaca, Delta, Humanode, The Open Network (TON)

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Source: CoinFactiva.com

Top Funding Rounds This Week

Ithaca Raises $20M

Ithaca secured $20 million from Paradigm, aiming to accelerate decentralized technology development. Their open-source tool stack helps build decentralized applications (dApps) and Layer 2 networks. Ithaca’s Odyssey testnet supports innovation in decentralized finance (DeFi) by enabling seamless experimentation. Ithaca’s mission is to simplify and scale decentralized ecosystems for developers and users.

Pre-Seed and Seed Investments

Yala Secures $8M

Yala, a DeFi protocol focused on Bitcoin-backed stablecoins, raised $8 million from Polychain Capital and others. Its primary product, $YU, is a Bitcoin-collateralized stablecoin, integrating Bitcoin liquidity into DeFi platforms.

PiP World Raises $10M

PiP World, a gamified financial learning platform, raised $10 million from Exinity. The platform offers experiences like PiP Academy for personalized education and PiP StockRise for crypto trading via Roblox, where users can earn real money.

Trendies Raises $1.8M

Trendies, a social platform rewarding users for posting content, secured $1.8 million. The platform engages communities through meme creation and content staking, with 75% of its coin supply allocated to a rewards treasury.

Apex Fusion Secures $6M

Apex Fusion raised $6 million to develop a decentralized platform connecting Ethereum Virtual Machine (EVM) and UTXO ecosystems. Offering high-speed, low-fee transactions, it supports DeFi and gaming applications across multiple blockchain layers.

Fission Labs Raises $1.6M

Fission Labs raised $1.6 million to create a DeFi platform for venture capital on-chain. Their VC secondaries token, TECH, bridges traditional finance with decentralized finance by tokenizing private equity investments.

OpenGradient Raises $8.5M

OpenGradient raised $8.5 million to launch a decentralized platform for hosting and deploying AI models. Their platform integrates AI inference with smart contracts, offering scalable solutions for decentralized AI infrastructure.

Semantic Layer Raises $3M

Semantic Layer secured $3 million to enhance decentralized application scaling on Ethereum. It enables programmable meta-transactions, allowing developers to customize interactions and optimize their protocols.

Kiva AI Raises $7M

Kiva AI raised $7 million to develop AI solutions using human experts for data annotation. It compensates experts with cryptocurrency, ensuring high-quality, scalable AI models for various industries.

APRO Secures $3M

APRO raised $3 million to build a scalable Oracle solution, connecting decentralized applications with off-chain data. It supports finance, gaming, and supply chain management by ensuring reliable data delivery to smart contracts.

Other Significant Rounds

ZAP Raises $150K

ZAP secured $150K to build a reputation-based token distribution protocol. Their platform, Blast Gigadrops, rewards users for social and on-chain interactions, expanding across multiple blockchains to simplify token launches.

Delta Raises $11M

Delta raised $11 million to develop a permissionless network that enables secure interoperability between member networks. The platform allows asset transfers without intermediaries, ensuring efficient transactions and censorship resistance.

Dragonz Land Raises $9M

Dragonz Land raised $9 million for its Play-to-Earn trading card game on the Venom Blockchain. Players collect and develop hero cards, engage in battles, and earn tokens through various game modes.

Bitlayer Secures $9M

Bitlayer raised $9 million to launch a Bitcoin security-equivalent Layer 2 solution, built on BitVM. The platform enhances Bitcoin scalability, efficiency, and security, empowering developers and users with advanced infrastructure.

The Open Network (TON) Raises $10M

TON, a fully decentralized layer-1 blockchain developed by Telegram, raised $10 million. Offering fast transactions, low fees, and eco-friendly features, TON aims to unite various blockchains and existing internet services.

TSFC Secures Undisclosed Funding

TSFC, a decentralized service provider for global financial markets, raised an undisclosed amount. Their platform enhances cross-border trade finance, improving transparency and efficiency through scalable technology.

Humanode Raises $10M

Humanode, a crypto-biometric network, raised $10 million. Its “One human = One node” model introduces innovative governance and sybil resistance using private biometric technology.

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