- The leaders in terms of the amount of funding received were the Tune.FM and Finoa projects.
- The funds’ attention was focused on the DeFi and blockchain services development sectors.
- 10 projects did not disclose the amount of investment.
Between January 1 and January 13, 34 projects attracted investments totaling $108.7 million.
Infographic Incrypted.In particular, since the beginning of 2024, funding has been received by:
- $20 million – Tune.FM. The Web3 music platform Tune.FM, created on the Hedera blockchain, received funds from the investment company LDA Capital. Also participating in the funding round were Animoca Brands, the HBAR Foundation and Broad Street Angels.
- $15 million – Finoa. The German cryptocurrency company Finoa, which provides storage and staking services for cryptocurrencies and is focused on institutional clients, has attracted investments. After receiving new capital, the startup’s valuation was $100 million. It is known that the strategic funding round was jointly led by Maven 11 Capital and Balderton Capital, with participation from Blue Bay Ventures, Signature Ventures, Coparion and Venture Stars.
- $15 million – SkyArk Chronicles. The company, which bills itself as a gaming and NFT ecosystem, has completed a funding round led by venture capital organization Binance Labs with participation from Bitscale Capital, Gate.io, OnBlock Ventures, LayerZero Network, GuildFi, Maven Capital and many other firms.. In total, more than 40 companies invested in the startup.
- $7 million – Bitfinity Network. A blockchain project developing an L2 network in the Bitcoin blockchain based on the Internet Computer protocol has raised funding. Investors were: Polychain Capital, ParaFi Capital, Warburg Serres, Dokia Capital and Draft Ventures. Bitfinity is currently in the testing phase, with plans to launch the main network either at the end of this January or at the beginning of February 2024.
- $6 million – ArenaX Labs. A startup planning to create games with AI elements has attracted investment. The funding round was jointly led by Framework Ventures and SevenX Ventures. Other investors were: Xterio, FunPlus, Moore Strategic Ventures. Let us note that “in the near future” the company plans to launch a beta version of its game AI Arena on the Arbitrum network.
- $6 million –Pontem. Web3 product development studio raised funds. The funding round was co-led by Faction and Lightspeed Venture Partners, with participation from Pantera Capital, Aptos Foundation, Wintermute, Altonomy, Shima Capital, Kraken Ventures and others. It is known that the company plans to use the new capital to develop the Move infrastructure in the blockchain ecosystem, including the creation of the L2 Lumio network.
- $4 million – Altitude. DeFi lending protocol attracts investment in seed funding round. Investors included: Tioga Capital, New Form Capital, GSR, G1, UDHC, Flow Ventures, Owl Ventures, Soft Holdings and Metavision. Note that in July, the startup received $2.1 million from a group of more than 50 people from the Web3 sector.
- $3.75 million – Saros Finance. The decentralized protocol has received investments from a number of funds, including The Spartan Group, Hashed Fund, Solana Ventures and others. The funding will be used to expand and develop the Saros Super App.
- $4 million – Entangle. Web3 infrastructure, which provides developers and decentralized applications with data that is protected in the blockchain, announced the completion of a funding round. The company strives to use funds to develop its products. Big Brain Holdings, Faculty Group, MH Ventures and 15 other investors invested in the startup.
- $3.5 million – Ta-da. Artificial Intelligence Data Trading Market Announces Finishing Round. It is known that Morningstar Ventures, MultiversX, GBV Capital, NxGen, Spark Digital Capital, X Ventures, Alpha Protocol Ventures and Let’s Go Ventures invested in the startup. The company plans to use the received capital to develop infrastructure and expand its artificial intelligence market.. However, Ta-da also allocated some funds for marketing, communications and team growth.
- $3 million – Maalexi. UAE-based agriculture fintech company closes funding round. Investors included Global Ventures, Rockstart and Ankurit Capital. The funds received will be used to improve the blockchain platform on which buyers of agricultural products can make purchases faster, cheaper and safer.
- $3 million – Kasu. RWA Business Lending Protocol has received funding from Woodstock, Faculty Group, Morningstar Ventures, Cypher Capital, Matterblock, Andromeda Capital and others. The funds raised are invested in the development of the KASU platform.
- $2.85 million – Eeesee. Gamified trading platform using digital assets has raised funds in two rounds of funding – seed and private. Investors included: SevenX Ventures, Maven Capital, MetaBros, Contango Digital Assets, BasementDAO and others. The company also announced partnerships with Ape Terminal, ApeCoin, Polygon and Chainlink.
- $2.8 million – FeatureX. Decentralized social AI network receives investment at $30 million valuation. Lightspeed Venture Partners, INCE Capital, Spark Digital Capital, CGV, ZC Capital, GRI, Fermion Capital, 84000LP and others took part in the seed round of financing.
- $2.4 million – NoahArk Tech Group. EOS Network Ventures announced a strategic investment in startup NoahArk Tech Group. The funding will be used to develop innovation in the EOS ecosystem. NoahArk Tech Group is a joint product of Defibox Technology Limited and Hong Kong Noah Technology Limited. The two firms are aiming to create a “DeFi alliance” that will focus on the activities of decentralized exchanges.
- $2 million – Bracket Labs. The project attracted investments as part of a previous seed round of financing. The new capital will be used for product development, community growth, marketing and the launch of Passage’s main network. The investors were: Binance Labs, NGC Ventures, FJ Labs, K300 Ventures and others.
- $2 million – Umoja Labs. Crypto asset hedging protocol attracts investment. Capital for the startup was provided by Quantstamp, Blizzard Fund, OrangeDAO, Hyperithm, Psalion VC, Blockchain Founders Fund. New funds are being used to introduce risk management solutions into the DeFi ecosystem.
- $1.5 million – Ringfence. A generative AI platform that aims to provide content creators with data protection and monetization solutions has raised funding. The seed funding round was co-led by Rarestone Capital and Morningstar Ventures, with participation from Spark Digital Capital, Curiosity Capital, Noir Ventures, private investors and others.
- $1.2 million – Rocket3. The platform, which helps users conveniently transact online while minimizing gas costs, has attracted investment from SOSV and Bex Ventrue.
- $1 million – EZswap. EOS Network Ventures has made a strategic investment in the EZ Swap protocol. IOBC Capital and Momentum Capital also took part in the funding round.
- $1 million – PowerPod. Blockchain-based electric vehicle charging network closes seed round of funding. Investors included: Waterdrip Capital, Iotex, Future Money Group, JDI Capital, Future3 Campus and Wagmi Venture. Funds are used to develop equipment, test it, test the business model in individual markets and develop the ecosystem.
- $1 million – TrendX. A startup focused on tracking Web3 trends and smart trading based on artificial intelligence has attracted investment. Foster Labs, Web3Link, Coresky, Tripod Capital, CatcherVC, MIIX Capital and others took part in the funding round. New capital is used for product development.
- $480,000 – Fizen. Web3 payment solutions company completes funding round. The funds will be used to expand financial capabilities and develop Fizen.io. At the time of the announcement, the startup offers three main products: Fizen Super App, Fizen Pay and Fizen Ramp, which are designed to streamline transactions and payments in the cryptocurrency sector worldwide.
- $230,000 – Befy Protocol. The protocol has received funding from Zephyrus Capital, AlfaDAO, DCDAO, Yields and More, 0xJeff. The startup aims to build the world’s first fully decentralized bridge for the Bitcoin ecosystem, Solana and EVM compatible networks, based on ZKP technology.
A number of other projects have attracted funding, but have not reported the amount of investment.
KuCoin Labs Announces Investment in Sui Interconnect Protocol – ISSP. Funding is used for project development.
NFT trading platform WISe.Art has raised funding from The Hashgraph Association.
KuCoin Labs has made a strategic investment in the decentralized DeMR network built on the Solana blockchain.
Riema Labs announced the closing of an investment round. The new capital will help the startup launch an innovative product called Nubit, designed to reduce the cost of transactions on the Bitcoin network..
Binance Labs has invested in the MEME token.
The decentralized network for developers – Gelato Network – received funding from the IOSG fund.
The investment arm of the OKX cryptocurrency exchange, OKX Ventures, has invested in Polyhedra Network as part of its Series A funding round.
OORT, a decentralized cloud offering privacy and cost savings, has raised funding from Red Beard Ventures, Optic Capital, Hike Ventures and Taisu Ventures.
OKX Ventures has made a strategic investment in BeWater, a Web3 venture studio that “facilitates the development of open innovation campaigns and events, including hackathons.”
Decentralized cross-chain bridge team Orbiter Finance has completed a Series A funding round led by OKX Ventures with participation from Redpoint China, Hash Global, Skyland Ventures, Mask Network, Bas1s Ventures, Zonff Partners and others.
Top 5 funds by number of investments in the period from January 1 to January 13, 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.
Infographic Incrypted.Let us remind you that in 2022, crypto projects attracted more than $10 million in investments, more details in the material:
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