- The leaders in terms of the amount of funding received were the Canaan and Sygnum projects.
- The funds’ attention was focused on the blockchain services development sector.
- 8 projects did not disclose the amount of investment.
Between January 20 and January 27, 30 projects attracted investments totaling $214.6 million.
Infographic Incrypted.In particular, during the week the following received funding:
- $50 million – Canaan. Manufacturer of Bitcoin mining devices has attracted investment. It is known that the company received new capital by issuing and selling 50,000 Series A convertible preferred shares. The Company uses the financing to expand its production capacity, research and development, and other general corporate purposes.
- $40 million – Sygnum. The Swiss cryptocurrency bank received funds during the next round of financing. The key investor was the Azimut Holdings group. The new capital will be used to expand activities in Asia and Europe.
- $23 million – Polymer Labs. The company that is building an L2 network based on Ethereum has attracted investments. The Series A funding round was co-led by Blockchain Capital, Maven 11 Capital and Distributed Global, with participation from Coinbase Ventures, Placeholder, Digital Currency Group, North Island Ventures and Figment Capital. The new capital will be used to expand the team to 30 people.
- $21 million – Ingonyama. The technology company has completed a seed funding round co-led by IOSG, Geometry, Walden Catalyst with participation from Mirana Ventures, Maven 11 Capital, SamsungNext.
- $20 million – Axiom. The startup, which creates tools for smart contract developers, has raised funding in a Series A funding round co-led by Paradigm and Standard Crypto, with participation from Robot Ventures, Ethereal Ventures and private investors.
- $10 million – Dinari. The platform for working with tokenized assets reported the completion of a seed round of financing. According to the data provided, the startup received funding from 500 Global, Version One, Sancus Ventures, former CTO of the Coinbase crypto exchange Balaji Srnivasan, Alchemy and other projects. The funds received will be used to further develop the infrastructure for tokenization and RWA trading. Dinari representatives promised to release several “significant updates” in the near future.
- $8.5 million – 3thix. The company, which aims to integrate monetization into Web3 games, has raised funding from Hand of Midas, Sonic Boom Ventures and private investors. The new capital will be used to implement the company’s plans.
- $5.4 million – Masa. The company announced attraction of investments. The seed round of financing was led by Anagram Crypti with participation from Avalanche Blizzard Fund, Digital Currency Group, GoldenTree and others. It is known that Masa Network will use the new capital to create a decentralized network on Avalanche, “focused on the personal data of users.”
- $5 million – ZORP. Blockchain development firm completes seed funding round led by Delphi Ventures. Other investors include North Island Ventures, CMCC Global, Portal Ventures, Champion Hill Ventures, Breed VC, Octu Ventures and Labyrinth DAO.
- $4.8 million — Arcade2Earn. The gaming platform has raised investments in a funding round led by Crypto.com Capital with participation from Solana Ventures, Shima Capital, KuCoin Labs and GSR.
- $4,5 млн — Web3Intelligence. Dopamine app developer receives investment. This was a private funding round that included participation from organizations such as DAO Maker, Shima Capital and Gate.io. The Dopamine program allows trading of crypto assets, including NFTs, and also offers a non-custodial wallet.
- $3.1 million – The Bagel Network. The team has completed a pre-seed round led by investment firm CoinFund with participation from Protocol Labs, Borderless Capital, Maven 11 Capital, Graph Paper Capital and Breed VC. The project plans to use the funds to develop its decentralized data platform Bagel Network, expand its staff and continue research in the field of artificial intelligence.
- $3 million – Singular Protocol. The team announced the closing of the initial round of fundraising. Investors included IOBC Capital, Bing Ventures, DG Ventures, Divide Labs and Bitcoin Cash. The developers plan to use the funds to develop the decentralized lending protocol Singular Protocol and expand the client base.
- $3 million – Friends With Benefits. The software startup company has raised investment from a16z in a seed round of funding.
- $2.85 million – Veta Finance. DeFi platform supporting margin trading of digital asset-focused products receives funding. The strategic round was led by Matrixport’s venture division – Matrixport Ventures – with the participation of imToken Ventures, WT Capital, Future Money Group and 280 Capital. It is known that the new capital will be used to further optimize the platform’s digital product offering, strengthen its IT system and business growth.
- $2.7 million – STAN. Platform for interaction between eSports players and fans received investments. The funding round included participation from Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, CoinDCX Ventures, Climber Capital, TDV Partners and Coinswitch Ventures. Stan helps users buy collectibles or NFTs.
- $2.4 million – BitsCrunch. Analytical NFT platform closed a strategic funding round. Investors included Cypher Capital, Coinbase Ventures, Animoca Brands and Chainlink. The startup aims to provide a robust open-source platform for creating NFT-based applications.
- $1.5 million – KEKKAI. Japanese Web3 security company has raised investments from Decima Fund, Bixin Ventures, Sora Ventures, Plug and Play, FlickShot, Mask Network, Stratified Capital, MZ Web3 Fund, Presto Labs, GoPlus Security, Dora Ventures and others. The company also released a new mobile application. The capital is used to develop products and expand the team.
- $1.5 million – 10n8 Little Dragon. Bitcoin accelerator collected investments in 72 hours. 50 counterparties took part in the financing round, including: Centauri Digital Asset Group, Mirai DAO, New Tribe Capital, 3M Capital, Spicy Capital and Satoshi Stacker. 10n8 Little Dragon allows users to stake assets, play and earn money in various pools and games.
- $1.3 million – BitFlow. The decentralized exchange announced the completion of a pre-funding round led by Portal Ventures. Other investors included Bitcoin Frontier Fund, Bitcoin Startup Lab, Big Brain Holdings, Newman Capital, Genblock Capital, Tykhe Block Ventures and others.
- $600,000 – PECland. GameFi platform based on BRC20 attracted investments as part of an alpha round of funding. It is known that Icetea Labs, SparkDigitalCapital, Moonrock Capital, msv.gg, Basics Capital, Onemax Capital, Crypto Banter, TradeCoinVN, HG Ventures, MoonBoots DAO and ZBS Capital, as well as private investors, have invested in the startup. The message says that they plan to use the new capital for game development, promotion, community involvement and ensuring the operation of the site.
- $500,000 – AirDAO. Market maker DWF Labs has invested in a “community-driven layer 1 blockchain”. The company will use the funds to launch decentralized applications.
A number of other projects have attracted funding, but have not reported the amount of investment.
VanEck and MarketVector Indexes have made a strategic investment in digital asset data startup CCData.
Perpetual futures protocol Cadence Protocol completes strategic funding round. Dewhales Capital, CSP DAO, FourMoons Investment Group and private investors invested in the startup.
Cryptocurrency trading platform EDX Markets has attracted investments from Pantera Capital and Sequoia Capital. The capital will be used to create new technologies and expand EDX’s presence in new foreign markets.
The investment arm of the OKX cryptocurrency exchange, OKX Ventures, has invested in the decentralized cross-chain bridge Orbiter Finance.
South Korean digital asset custody company BDACS has raised funding in a seed round led by Prodigy Investment with participation from Mask Network, Blizzard Fund, and IDG Capital.
Cryptocurrency custodial service BitGo received strategic investment from Brink’s. Financial details of the transaction were not disclosed.
The Meson Network project has completed a strategic funding round led by Presto Labs. The company is creating an “optimized marketplace for bandwidth via blockchain.”
Bitcoin-based L2 network – B² Network – received investments as part of a seed round of funding. Investors included HashKey Capital, OKX Ventures, IDG, KuCoin Ventures, ABCDE, Waterdrip Capital, Satoshi Lab, OGs Fund and Antalpha.
Top 5 funds by number of investments in the period from January 20 to January 27, according to CryptoRank data:
Infographic Incrypted.During the week, projects in the following segments attracted funding: Web3, blockchain services, blockchain infrastructure, GameFi, DeFi, CeFi, NFT and others.
Infographics Incrypted.Let us remind you that in the period from January 13 to January 20, 19 projects attracted investments totaling $271.4 million.
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