Dates: 19 Feb 2024 – 25 Feb 2024 This week’s notable funding rounds:
Riot: Raised $559M in funding. Riot, a Texas-based Bitcoin mining and colocation company, is a leader in the industry with North America’s largest Bitcoin mining facility. By focusing on the convergence of money and energy, Riot Blockchain contributes to the growth of Bitcoin’s value and drives advancements in energy grids and power generation capacity.
Meso: Raised $9.5M in a Seed funding round from Solana Ventures, Ribbit Capital, Canonical Crypto, and others. Meso is a fintech platform bridging the gap between traditional banking systems and cryptocurrency applications, offering frictionless integration through SDKs for seamless on and off-ramps for users.
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Beoble: Secured $5M in a Seed funding round from Hashkey Capital, Samsung Next, Digital Currency Group (DCG), and others. Beoble is a Web3 messaging and social platform facilitating secure wallet-to-wallet communication, emphasizing end-to-end encryption and decentralized connectivity.
Crystal Fun: Raised $5M in a Seed funding round from KuCoin Ventures, Actoz Soft, Waterdrip Capital, and others. Crystal Fun is a Web3 gaming ecosystem and studio with a mission to revolutionize the gaming industry, backed by a highly experienced team with a notable track record in the gaming industry.
Inco: Raised $4.5M in a Seed funding round from 1kx*, Circle Ventures, Robot Ventures, and others. Inco is a modular Layer-1 blockchain utilizing fully homomorphic encryption (FHE) to provide confidential computing, enhancing on-chain privacy and scalability for developers and users in the Ethereum ecosystem.
Nest Wallet: Secured $3.6M in a Seed funding round from Inception Capital (ex OP Crypto), Orange DAO, Ascensive Assets, and others. Nest Wallet is a secure crypto browser extension with two-factor authentication (2FA) for transaction security, offering multi-wallet management and integration with Gnosis Safe.
NodeShift: Secured $3.2M in a Seed funding round from Inovo VC*, Notion Capital, 10x Founders, Kestrel 0x1, Epic Games. NodeShift offers a decentralized cloud computing platform simplifying the development and hosting of secure applications across the decentralized cloud.
ZeroLend: Secured $3M in a Seed funding round from Blockchain Founders Fund, Momentum 6 (M6), Morningstar Ventures, and others. ZeroLend operates as a decentralized lending protocol within the zkSync ecosystem, offering transparent and secure borrowing and lending of digital assets.
INIT Capital: Raised $3M in a Seed funding round from Electric Capital, Mirana Ventures, Arthur Hayes, Maelstrom, Robot Ventures, and others. INIT Capital focuses on democratizing liquidity access, catering not only to DeFi users but also to protocols through innovative ‘Liquidity Hooks.’
Chainway Labs (Citrea): Secured $2.7M in a Seed funding round from Galaxy Digital*, Delphi Ventures, Eric Wall, and others. Chainway Labs is a blockchain infrastructure company focused on Bitcoin, Ethereum, and Zero Knowledge technology. It developed Citrea, Bitcoin’s First ZK Rollup, leveraging zero-knowledge technology to enhance Bitcoin blockspace.
LoongCity: Raised $2M in a Seed funding round from MAZARINE SEA*. LoongCity is a Chinese steampunk-themed metaverse featuring Autopunk and traditional Chinese elements, with each PFP serving as an entry ticket to the imaginative world of Dragon City.
Januar: Secured $1.6M in a Seed funding round from CMT Digital, Third Prime, Skyfall Ventures, Michael Gronager. Januar serves as a financial infrastructure provider for crypto businesses, offering European payment gateways for innovative EU crypto companies.
Clave: Raised $1.6M in a Pre-seed funding round from Matter Labs*, LambdaClass, Safe (ex Gnosis Safe), Mirana Ventures, Sandy Peng, Anurag Arjun. Clave is a non-custodial smart wallet integrated with biometric authentication, simplifying blockchain account creation.
Silencio: Secured $1M in a Pre-seed funding round from Borderless Capital*, Moonrock Capital, Master Ventures, and others. Silencio is a community-powered network addressing noise pollution by incentivizing users to provide hyper-local noise data through a free application.
Honeypot Finance: Raised an undisclosed amount in a Pre-seed funding round from AC Capital, DEXT Force Ventures. Honeypot Finance is building a community-driven DeFi Hub featuring a unique AMM model, incorporating a community-led launchpad (Dreampad) and DEX (HenloDex) to address liquidity utilization issues in DeFi.
These funding rounds highlight the diverse range of projects and innovations emerging in the cryptocurrency and blockchain space.
