- Galaxy Finance raised the most money with $30 million
- 9 projects did not disclose the amount of investment
- The most active fund this week was Binance Labs
- It participated in seven rounds of funding
We have the latest weekly roundup of 23 projects that received funding last week from various investment funds. Below are details about each of these projects:
– TapiocaDAO, a decentralized autonomous organization creating the first ever omnichain money market in more than 17 EVM and non-EVM networks, announced it has closed a $6 million seed round of funding. Investors include Magnus Capital, LayerZero Network, Fisher8 Capital, PARC Capital, Jones DAO, Dewhales, DCF God, coinflipcanada, Noah Seidman, CryptoCondom, Small Cap Scientist, icebergy.
– Web3 CRM firm Vantient attracts $4.45 million investment from Cercano Management and others. The round includes $3.45 million in new equity funding and a $1 million equity allocation to CARE investors.”
– Republic is investing $5.25 million in INX, the first fully regulated platform combining investment, cryptocurrency trading and capital raising. At the same time, INX and Republic entered into a collaboration agreement under which the parties will seek to expand the breadth and depth of tokenization infrastructure and access to digital assets for investors worldwide.
– Galaxy Finance receives $30 million in Series B funding. The company will spend the funds to expand its Web3 wallet and financial education initiatives. BlackPine from Hong Kong, QCP Capital from Singapore and Tally Capital from the US led the investment round. The new capital will also allow Galaxy Finance to improve its offerings and expand its presence in the fast-growing Southeast Asian market.
– Binance Labs has reported the completion of the fifth season of its incubator program to fund promising Web3 startups. Five projects were selected for it, including credit solutions, investment portfolio management and privacy. The following startups won the fifth round:
- Bracket Labs. A project to create structured leveraged solutions with a simple and user-friendly interface.
- DappOS. Infrastructure for developing solutions to lower the entry threshold to Web3.
- Kryptoskatt. Wallet and investment portfolio management tools with the easiest interface possible.
- Mind Network.. Full encryption network based on the FHE platform. Provides complete privacy and anonymity.
- zkPass. An authentication solution that preserves user anonymity.
– Portal Gate’s privacy solution, which uses zero-knowledge technology to anonymize intranet commerce and capital flows, closes a $1.1 million funding round to build DeFi’s privacy-focused infrastructure. The seed funding round was led by Apollo Crypto with UpsideDAO, Greythorn Asset Management, Comma3 Ventures, Gandel Invest, ScalingX, Cluster Capital, Rebase D. Ventures, Fork Ventures and private investors. The funding will be used to scale the core team, launching privacy pools in the core network.
– Accenture Ventures is making a strategic investment in British-Brazilian firm Parfin, which offers Latin America’s largest financial institutions the tools to store, trade and manage digital assets. The amount of Accenture’s investment was not mentioned. In January, Parfin already raised $15 million from Framework Ventures.
– On June 20, the cryptocurrency platform EDX Markets, which is backed by major U.S. companies such as Citadel Securities, Fidelity Investments and Charles Schwab, begins its work.. EDX, unlike traditional cryptocurrency exchanges, has stated its focus on using the standards of the traditional financial sector. However, it will function as a non-custodial exchange, avoiding direct interaction with customers’ digital assets. Instead, EDX will provide a platform where companies can trade between cryptocurrencies and fiat currencies.
– Cat Paradise, a gaming platform for cat lovers, has received funding from prominent partners including Y2Z, SecondLive, COMBO, Mask Network, EMURGO Ventures, Initiate Capital and Moon Capital. The company plans to create a virtual world where everyone can immerse themselves in an enchanting and interactive experience.
– Singapore’s digital payment platform, Dtcpay, has raised $16.5 million in investment in a pre-series A funding round.. It is known that the main investor was Kwee Liong Tek, chairman of the board of directors of luxury real estate firm Pontiac Land Group. In addition, David Tung, Sai Choy and Jean-Marc Poullet took part in the round.. The company announced that it plans to use the funds to further invest in product development, improve transaction reliability and infrastructure, and expand the global footprint of dtcpay.
– NFT project Openfoodie announced the closing of a $500k funding round.. Bitrise Capital, Starwin Group, Hash Global, Teraland participated in the round.
– Binance Labs and CoinFund led a $10 million funding round for smart contracts infrastructure company Neutron. The capital will help advance Neutron’s blockchain software development and help grow its ecosystem. Other investors in the round included Delphi Ventures, LongHash Ventures, Semantic Ventures and Nomad Capital.
– DeFi infrastructure startup Maverick Protocol is raising $9 million in investment led by Founders Fund. Pantera Capital, Binance Labs, Coinbase Ventures and Apollo Crypto also participated in the funding round. The firm will focus on building a more efficient liquid token infrastructure to address liquidity issues between blockchains.
– Earn Network is raising $2.7 million in investment. The seed round was led by Shima Capital. Also participating were: DFG, Jsquare, LD Capital, Cronos Labs, GTS Ventures, Bixin Ventures, ViaBTC Capital, Mars DAO and Mirana Ventures.. The new funding will be used to further develop new product categories on the Earn Network trading platform.
– Decentralized spot trading exchange, Vertex Protocol, has received strategic investment from Wintermute Ventures. The move will allow the two firms to deepen ties with each other across various lines of business and includes Wintermute, which provides liquidity for the Vertex Protocol exchange.
– Radius raised $1.7 million in an earlier seed funding round.. Radius introduces a new concept for robust collaborative sequencing, introducing an innovative approach to developing and operating modular blockchains. The team is also actively working on an alpha launch of the core network, which is planned for the first quarter of 2024.
– The steaming platform, Northstake, is raising $3 million in investment from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures and Delta Blockchain Fund. The company takes care of the legal and technical aspects of stacking – the process of supporting a publicly available blockchain, such as Ethereum, by putting a pledge on the network, in exchange for revenue.
– Startup Kaito received $5.5 million in Series A funding, to create an AI search engine for cryptocurrency. Now valued at $87.5 million, the round was led by Superscrypt and Spartan.
– Anichess announced the closing of a $1.5 million seed funding round, with the investment raised used to develop a decentralized chess game and to expand the team and further develop the game, before launching an alpha in the first quarter of 2024. The round was backed by GameFi Ventures, The Operating Group, Koda Capital, Bing Ventures, 708 Capital and Asymmetry Capital.</nbsp;
The top 20 funds by number of investments between June 17-24:
Number of private funding rounds by category:
There were 23 rounds during the week. Which category invested the most:
DeFi – 10;
Blockchain service – 5;
CeFi – 4;
GameFi – 2;
NFT – 1;
Blockchain Infrastructurecuture – 1.