According to incomplete statistics from Odaily Planet Daily, there were 18 blockchain financing events at home and abroad announced from January 27 to February 2, an increase from last weeks data (14). The total amount of financing disclosed was approximately US$247 million, a significant increase from last weeks data (US$48 million).
Last week, the project that received the most investment was AI Web3 company Bluwhale ($100 million); followed by domain name registration company D3 ($25 million).
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and MA events; 3. * indicates a traditional company whose business involves blockchain):
On January 28, Silicon Valley-based AI Web3 startup Bluwhale announced the completion of a total financing of $100 million, with funding sources including $7 million in venture capital, $85 million in token purchase commitments, and $8 million in node sales and grant proceeds.
Investors include Cointelegraph, SwissBorg, Awaken Finance, DWF Labs and many other institutions, as well as support from Arbitrum and Movement Labs.
It is reported that Bluwhale was co-founded by machine learning experts from Stanford and Berkeley and former TikTok AI team members. It is committed to empowering users to achieve data ownership and privacy protection through blockchain technology.
Domain name company D3 completes $25 million financing, led by Paradigm
On January 29, domain name registration startup D3 completed a $25 million financing round led by Paradigm.
The round also saw participation from Coinbase Ventures (Coinbase’s investment arm) and several industry leaders. D3 plans to use the funds to establish more strategic partnerships and help other companies adopt its blockchain technology.
On January 31, zero-knowledge proof infrastructure company Irreducible announced the completion of a $24 million Series A financing round, led by Paradigm and Bain Capital Crypto, with participation from Fenbushi Capital, L2 Iterative Ventures, and Robot Ventures. Angel investors Anna Rose, Brendan Farmer, Daniel Lubarov, Sina Habibian, and Varun Srinivasan also participated in the investment.
It is reported that this round of financing will accelerate Irreducibles advancement of the infrastructure construction of the verifiable Internet. Its core goal is to create the fastest and most effective cryptographic proof solution. The Binius proof system launched by Irreducible is based on the research results of Towers of Binary Fields. This round of financing will help the development of Binius and make it the preferred solution for protocol developers.
Humanity Protocol Completes $20 Million in Financing, Led by Pantera Capital and Others
On January 27, identity verification blockchain company Humanity Protocol completed a $20 million financing, led by Pantera Capital and Jump Crypto, and received a fully diluted valuation of $1.1 billion. It is reported that the company is building a system that will use palm scans to verify whether online accounts belong to real people, and plans to use this funding to launch its products more widely in the coming months.
On January 28, YZi Labs announced that it led a $16 million financing for Sign, an on-chain infrastructure for token distribution and credential verification. This was its first announced investment, with participation from Altos Ventures, HackVC, and Amber Ventures. Sign is aggregating verified credentials on the chain to build a larger network, thereby creating a more transparent and secure token distribution infrastructure.
Web3 game studio Pixion Games completes $12.4 million financing, led by Delphi Ventures
On January 28, Web3 game studio Pixion Games announced the completion of a $12.4 million financing round, led by Delphi Ventures, with participation from Spartan Capital, Sky Mavis, L1 D, Arete Capital, Animoca Brands, YGG and others. The new funds are intended to be used to create a seamless, mobile-first Web3 gaming experience.
On January 29, the programmable L1 blockchain pod.network completed a $10 million seed round of financing. This round of financing was participated by a16z crypto CSX, 1kx, BBF, SBA, Protagonist, etc., and angel investors included Georgios Vlachos, Irene, luca, etc.
pod.networks system design is extremely simple: transactions are streamed to a set of validators who confirm and timestamp them. No blocks, no chains, no complex consensus protocols or advanced cryptographic calculations.
Layer 1 network developer Pod completes $10 million seed round of financing, led by a16z CSX and 1kx
On January 28, Layer 1 network developer Pod completed a $10 million seed round of financing, which was co-led by A16z Crypto Startup Accelerator (a16z CSX) and 1kx, with participation from Flashbots, Blockchain Builders Fund and Protagonist. Angel investors include Nick White of Celestia, David Tse of Babylon, Sergey Gorbunov of Axelar, Waikit Lau of Lau Ventures and Apostolos Apostolaki of VentureFriends.
On January 31, Cedar Money, a stablecoin cross-border payment service provider, announced the completion of a $9.9 million seed round of financing, led by QED Investors, with participation from North Island Ventures, Wischoff Ventures, Lattice and Stellar. Valuation information has not been disclosed yet.
On January 28, the blockchain interoperability protocol Analog completed a $5 million financing at a valuation of $300 million before the token issuance. Gate Ventures, BackerDAO, Foresight Ventures, Black Label Ventures, the venture capital arm of the film production company Black Label Media, and angel investors such as Frax Finance founder Sam Kazemian, Black Label Medias three co-founders Molly Smith and twin brothers Thad and Trent Luckinbill participated in the investment.
On January 27, Web3 accounting solution Entendre Finance announced the completion of a $4 million seed round of financing, led by Basis Set, with participation from Valhalla, Caffeinated, Moonpay, Alumni, MDig and Alpine. Valuation information has not yet been disclosed. Entendre provides an AI-driven automatic double-entry accounting solution that can record entries for any blockchain transaction, accelerating Web3 adoption by automating on-chain financial operations and reducing operating costs.
On January 29, the Bitcoin re-staking network Pell Network announced on the X platform that it had completed a $3.5 million strategic round of financing. D 11-Labs, Web3Port Foundation, ArkStream Capital, Taisu Ventures, Core Ventures, GoPlus Security, Astrarizon Ventures and Multiversᕽ participated in the investment. The new funds are intended to support its construction of an artificial intelligence-driven decentralized finance (DeFAI) full-chain infrastructure to solve the current problems faced by AI agents, such as complex cross-chain operations, data acquisition and verification difficulties, and multi-chain interaction security.
On January 29, Inception, a DeFi platform focusing on liquidity re-staking, completed a US$3.5 million seed round of financing, with participation from London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, Absoluta Digital and others.
Inception operates within the Eigenlayer ecosystem, providing native and segregated liquidity re-staking options.
Mevvy Completes $2.8 Million Seed Round, Led by Multicoin Capital
On January 30, Mevvy completed a $2.8 million seed round of financing, led by Multicoin Capital and participated by Chapter One Ventures. Mevvy aims to simplify MEV search and execution. Its platform supports multiple blockchains and provides an integrated development environment. The funds will be used for product development, etc., and a three-phase decentralized infrastructure is also planned.
DeFi staking service provider Amerany completes $2 million Series A financing
On January 27, DeFi staking service provider Amerany announced the completion of a $2 million Series A financing. The investor information has not been disclosed yet. The new funds are intended to be used to upgrade the infrastructure of its multi-chain staking platform, which currently supports more than 10 blockchains including Ethereum (ETH), Aptos (APT) and Optimism (OP). It is reported that Amerany has also launched a bug bounty program of $100,000.
Little Umbrella Completes $2 Million Seed Round, with Workplay Ventures and Others Joining
On February 2, AI social gaming platform Little Umbrella completed a $2 million seed round of financing, with participation from a16z SPEEDRUN, Workplay Ventures, Ubiquoss Investment, Disrupt.com, Breakpoint Ventures, GFR Fund, Virtual Reality Fund (VRF), etc. The game Death by AI launched by Little Umbrella supports cross-platform participation on Discord, web pages and iOS. The new funds are intended to expand its online operation scale and accelerate the launch of its cross-platform social game suite Playroom.
On January 28, Accrue, a crypto investment and cross-border payment platform, completed a $1.58 million seed round of financing, led by Lattice Fund, with participation from Maven 11, Lava, Kraynos Capital, Distributed Capital and others.
Decentralized options trading platform Based completes $420,000 Pre-Seed round of financing
On January 31, Based, a decentralized options trading platform based on the Solana ecosystem, announced the completion of a $420,000 Pre-Seed round of financing, led by dlab.vc, with participation from Manifold and a group of angel investors. The new funds are intended to support its construction of a trading platform based on prediction markets that utilizes social media trends, memes, and market sentiment.
