According to incomplete statistics from Odaily Planet Daily, there were 30 blockchain financing events announced at home and abroad from December 9 to December 15, a significant increase from last weeks data (20 events). The total amount of financing disclosed was approximately US$679 million, a significant increase from last weeks data (US$218 million).
Last week, the project that received the most investment was the public chain Avalanche Foundation ($250 million); followed closely by Nscale, a European AI cloud company under Bitcoin mining company Arkon Energy ($155 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):
Avalanche Completes $250 Million Private Funding, Galaxy Digital and Others Participate
On December 12, Avalanche Foundation announced that it had raised $250 million for its blockchain platform through a private token sale, with Galaxy Digital, Dragonfly and ParaFi Capital participating with more than 40 other companies. It is reported that this is not the first large-scale fundraising by Avalanche. As early as December 2021, at the peak of the last cryptocurrency bull market, Avalanche Foundation raised $230 million in a similar token sale.
Arkon Energys Nscale raises $155 million in funding led by Sandton Capital Partners
On December 10, Nscale, a European AI cloud company under Bitcoin mining company Arkon Energy, completed a $155 million financing round led by Sandton Capital Partners, with participation from Kestrel, Bluesky Asset Management and Florence Capital, which will boost its growth plans in Europe and North America.
On December 12, Hengfeng International announced the completion of a $100 million financing, of which Chairman Qian Fenglei personally invested $50 million and the remaining funds came from 50 investors. This round of financing will be used to build the Web3 ecosystem FO-X (fo.com), and the first product is the instant messaging software FoChat, which is positioned as a Web3 investment exchange platform for ordinary users.
On December 10, Klickl International, a Web3 banking service provider headquartered in the UAE, announced the completion of a $25 million Series A financing round, with a valuation of $125 million. This round of financing was jointly led by Web3Port Foundation and Aptos Labs, with participation from Summer Ventures, Heritage Horizon Capital, V2 Capital and other institutions.
Diversified crypto company COSIMO is raising $25 million, led by Eolas Capital
On December 11, COSIMO, a digital asset holding company founded in 2014, is raising $25 million in financing, led by Des Mac Intyre, co-founder of Eolas Capital and former executive of Bridgewater Associates and Mellon Investment Company.
The move comes as COSIMO seeks to consolidate its many crypto investment, custody, advisory and brokerage services under “one unified brand, COSIMO digital,” the company announced in a statement. The firm, which focuses on “deep tech,” is involved in multiple crypto sectors, including tokenized venture capital, custody and staking hedge funds, and plans to become a competitor to crypto management and service provider Galaxy Digital.
On December 11, BTC Digital (NASDAQ: BTCT), a listed Bitcoin mining company, announced the completion of a $20 million underwritten public offering. The company is committed to expanding its mining business and enhancing computing power deployment capabilities through sustainable green energy solutions. BTCT also plans to strengthen its internal RD capabilities and promote technological innovation.
Tokenized GPU startup Exabits raises $15 million seed round led by Hack VC at $150 million valuation
On December 11, Exabits, a crypto AI startup focused on tokenized GPUs, completed a $15 million seed round of financing at a valuation of $150 million, led by Hack VC, with participation from several other unnamed investors. Co-founder Hoansoo Lee said Exabits began raising funds in July this year and completed the financing in October. He declined to comment on the structure of this round of financing, but said that tokens will be launched in the future.
On December 10, Web3 AI cloud startup Hyperbolic announced the completion of a $12 million Series A financing round, led by Variant and Polychain Capital, with participation from Chapter One, Lightspeed Faction, Bankless Ventures, GSR, IOSG, Vertex, Blockchain Builders Fund, Wintermute, Alumni Ventures, Ambush Capital, and multiple angel investors. With this investment, Hyperbolic has raised its total investment to $20 million.
On December 10, Switzerland-based BTC trading and custody application Relai completed a $12 million Series A financing round led by Bitcoin venture capital Ego Death Capital, which pledged to raise $4 million for the financing. Other participants include Plan B Bitcoin Fund, Timechain and Solit Group.
On December 9, Bitcoin lending platform Lava completed a $10 million Series A financing round, with participation from Khosla Ventures and Founders Fund. According to Lava founder and CEO Shehzan Maredia, the platform allows users to use Bitcoin as collateral for loans, and its slogan is Save with Bitcoin, spend with dollars.
MegaETH developer MegaLabs raises $10 million via Echo platform
On December 14, MegaETH developer MegaLabs completed a $10 million financing through the Echo platform.
MegaLabs co-founder Shuyao Kong said the structure of this round of financing is equity plus token warrants, which is the same as MegaLabs $20 million seed round in June. In addition, the valuation of both rounds of financing is in the hundreds of millions of dollars.
Stablecoin-driven new bank KAST completes $10 million seed round, led by Peak XV and HongShan
On December 12, stablecoin-driven neobank KAST completed a $10 million seed round of financing, led by Peak XV and HongShan, with participation from partners at DST Global and Goodwater Capital. KAST declined to disclose user numbers or valuations, but said its growth in the first four months of operation had exceeded expectations. Peak XV and HongShan are Indian and Chinese investment institutions that spun off from investment giant Sequoia last year.
Blockchain startup Commonware raises $9 million, led by Haun Ventures and Dragonfly Capital
On December 12, blockchain startup Commonware completed a $9 million financing round, led by Haun Ventures and Dragonfly Capital, with participation from many well-known cryptocurrency developers including Smokey the Bera of BeraChain, Zaki Manian of Cosmos, Sreeram Kannan of EigenLayer, Dan Romero of Farcaster, and Mert Mumtaz of Helius.
Fantasy.top Completes $4.25 Million Seed Round, Led by Dragonfly
On December 13, Fantasy.top, a decentralized card game based on Blast, announced the launch of the second version of the platform, Fantasy V2, and completed a seed round of financing of US$4.25 million. This round of financing was led by Dragonfly and participated by Manifold Ventures. The financing will be used to enhance Fantasys core products: card trading games and virtual guessing.
Solana-based tokenization platform AgriDex completes $4 million strategic round of financing
On December 13, Solana-based tokenization platform AgriDex completed a $4 million strategic round of financing, led by Portal Ventures, with participation from Endeavour Ventures, Hawkwood Capital, HU Investments, FS Ventures, and Sycamore Gap Management Ltd. Company. Angel investors also participated in this round of financing, including Tobechi Bolanle Taiwo of Palantir and Anna Yuan of Perena.
Neptune Protocol Completes $3.9 Million Seed Round, with Animoca Ventures and Others Participating
On December 10, decentralized lending platform Neptune Protocol announced the completion of a $3.9 million seed round of financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings and Maelstrom, as well as Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise 3 Ventures, Stake Capital, Optic Capital and Relayer Capital. The new funds will be used to support the launch of Eclipse’s native stablecoin USDN, fund a comprehensive security audit to strengthen the protocol, and support team expansion.
On December 13, the decentralized derivatives protocol Symmio announced that it had completed $3.1 million in financing, of which investment institutions such as Spartan Group, Orbs, MCLB and Blockchain Founders Fund invested approximately $2.1 million in it. MS 2 Capital, GMoney and Prime Ventures were early investors in the company.
On December 11, Perena, founded by Anna Yuan, the former head of stablecoin at the Solana Foundation, completed a Pre-Seed round of financing of approximately US$3 million. This round of financing was led by Borderless Capital, with participation from Binance Labs, Primitive Ventures, ANAGRAM, Maelstrom, Breed VC, Temporal, ABCDE Labs, SevenX Ventures, Pivot Global, Miton, Graph Ventures and other institutions.
Superform Labs Completes $3 Million Strategic Round of Financing, Led by VanEck Ventures
On December 12, cryptocurrency investment application development company Superform Labs announced the completion of a $3 million strategic round of financing, led by VanEck Ventures, with participation from Polychain Capital, CMT Digital, Amber Group, Node Ventures, BlockTower Capital, Heartcore Capital, Maven 11 Capital and UpTop Capital. As of now, its total financing amount has reached $9.5 million.
On December 14, the decentralized lending protocol Yei Finance announced the completion of a $2 million seed round of financing. This round of financing was led by Manifold, with participation from DWF Ventures, Kronos Research, Outlier Ventures, Side Door Ventures and WOO.
On December 13, Uranium Capital, an institutional-grade spot trading service in the Solana ecosystem, announced the completion of a $1.7 million Pre-Seed round of financing, led by Portal Ventures, with participation from Framework Ventures, Karatage, Santiago R Santos, YanoMarc Weinstein, and Nansen CEO Alex Svanevik. The new funds are intended to support seamless transactions in under-financialized and strictly regulated industries, allowing licensed buyers to conduct physical settlement and ensure accessibility and regulatory compliance.
On December 9, the decentralized Web3 communication platform Dechat completed a US$1 million financing, with Mindspace Solutions participating in the investment. The valuation information has not been disclosed yet.
The new funds will be used to support the construction of its Web3 communication protocol, allowing users to chat, explore and trade digital assets within and across applications, while leveraging blockchain technology to ensure privacy and security.
Mandala Chain Completes $1 Million Pre-Seed Round of Financing, Led by Harbour Industrial Capital
On December 9, Mandala Chain, an L1 blockchain dedicated to connecting emerging market businesses and the retail sector, announced the completion of a $1 million Pre-Seed round of financing, led by Harbour Industrial Capital and participated by O-DE Capital, NLS Ventures and others. The new funds are intended to be used to promote its provision of scalable real-world solutions.
Tokenized data platform Inveniam receives investment from UAE AI company G42
On December 15, G 42, an artificial intelligence company in the United Arab Emirates, invested an undisclosed amount in tokenized data platform Inveniam, raising more than $120 million to date. G 42 has 25,000 employees across seven artificial intelligence subsidiaries, with business scope ranging from the energy sector to health and data centers.
Prosper purchased 7,000 ASIC mining machines from Bitmain and completed strategic financing
On December 13, the RWA protocol Prosper announced the purchase of 7,000 ASIC mining machines from Bitmain and completed strategic financing with participation from Metalpha, Waterdrip Capital, BIT Mining and Satoshi Protocol. The specific amount of financing has not yet been disclosed.
Binance Labs-backed Privasea completes new round of financing, Lunar Labs Capital participates
On December 13, Binance Labs-backed Privasea completed a new round of financing, with Lunar Labs Capital participating. The specific investment amount has not been disclosed. Privasea has previously received investments from OKX Ventures and others to support its construction of an AI-driven FHEML solution, which provides scalable computing resources for AI tasks by establishing a decentralized computing network.
Web3 AI agent project ChainAware.ai completes new round of financing, led by ChainGPT Labs
On December 12, the Web3 AI agent project ChainAware.ai announced the completion of a new round of financing, led by ChainGPT Labs and participated by coinix. The specific investment amount and valuation information have not been disclosed. The new funds are intended to be used to support its fraud detection and wallet behavior evaluation on Ethereum, Polygon, BNB Smart Chain and TON networks to provide predictive analysis to enhance Web3 security and user engagement.
Enterprise blockchain development company Settlemint receives investment from Hashgraph Group
On December 11, Settlemint, a blockchain development company focused on enterprise use cases, received an undisclosed amount of investment from Hashgraph Group (THG), which is associated with Hedera DLT. The latest financing comes after the completion of a $16 million Series A financing in 2022.
On December 11, ProvLabs, a blockchain development company that provides infrastructure technology solutions, announced the completion of its seed round of financing. Morgan Creek Digital and GateCap Ventures led the investment, and Animoca Brands, BlockChange Ventures, CMT Digital, Medalist Partners, Serengeti Asset Management, The Operating Group, Thirdstream Partners and Walden Bridge Capital participated in the investment. The specific amount of financing and valuation information have not been disclosed yet.
On December 9, the Web3 action shooting game Shutdown announced the completion of a new round of financing, with Connectico Capital participating. The specific amount of financing and valuation data have not been disclosed yet. It is reported that the game is built on the Unreal Engine and will support PC and mobile phones. Its team members mainly come from companies such as Ubisoft, NetEase, Disney and Pixar.
