- Auradine raised the most money at $81 million;
- Six projects did not disclose the amount of investment
- The most active funds this week were Hashed Emergent, CoinSwitch and Coinbase Ventures
- All of them participated in two rounds of funding
We look at the weekly roundup of the 20 projects that raised money from the funds last week. The following are details about each project:
– Lifeform has closed a Series B funding round. The amount of investment was not disclosed, but the only investor was the investment firm IDG Capital. Lifeform is now valued at $300 million. New capital can greatly help develop and expand the ecosystem and stay ahead of the competition. It also demonstrates investor confidence in Lifeform’s business model and long-term growth potential. The company offers a revolutionary decentralized digital identity (DID) solution that aims to connect the digital and physical realms.
– Cryptocurrency startup Hourglass has raised $4.2 million in seed round funding led by Electric Capital. Other investors included such well-known funds as Coinbase Ventures, Circle, Tribe Capital, Hack VC. The funds will be used to launch DeFi’s unique marketplace for trading blocked assets.
– Environmental services platform Getaverse has received investment from FoundationYbb. The amount of funding was not disclosed. Investments are used to expand the DID platform, develop credit risk management and AI components, and improve the user experience. This is the third round of funding for Getaverse in a year.
– AiONE platform, which integrates AI into business, received $3 million in funding in a private token sale. AiONE token is scheduled to launch this week on the BNB Smart Chain (BSC) network. About a month ago, AiONE raised $10 million in investment; you can read more about that round in our story.
– Swedish music web3 company anotherblock announced that it closed a $4.35 million seed funding round.. The round was led by Stride.VC, with Axwel. The firm aims to go global and make its product available to a wider range of artists, producers and record labels.
– One of the world’s leading decentralized social networks, Mask Network, has announced an investment in blockchain TON. The amount of funding was not disclosed, but it is known that the funds will be used to further develop the ecosystem and provide innovative solutions for people across various networks.
– River, a bitcoin technology and financial services startup, has raised $35 million in investment. Series B funding round led by Kingsway Capital. Other investors included Peter Thiel, Goldcrest, Cygni, M13, Valor Equity Partners, Esas Ventures and Alarko Ventures. River aims to protect a fair and sound financial system with BTC.
– Bitcoin miner Cormint Data Systems has raised $30 million in a Series A funding round. The round was led by company president Jamie McAveety and Silicon Laboratories (SLAB) semiconductor firm head Nav Sooch. Also joining them was former chief technical officer of the chip firm Alessandro Piovoccari. Cormint plans to launch 2.4 EH/s of self-mining computing power by the end of 2024 at its Fort Stockton site.
– Blockchain and artificial intelligence company Auradine was able to raise $81 million in investment in a Series A funding round. The round was led by venture capital firms Celesta Capital and Mayfield, and employees of those companies will join Auradine’s board of directors. Other investors included Marathon Digital Holdings, Cota Capital, DCVC and Stanford University, as well as several private investors. The Series A round was a combination of equity ($71 million) and a line of credit ($10 million). The new capital is being used to secure full funding and execute product plans.
– Asymmetry Finance’s Liquid Rate Protocol announced that it was able to raise $3 million in a seed funding round led by venture capital fund Ecco Capital. Other investors were Republic Capital, Ankr and gmjp. Thus, the total value of Asymmetry Finance is 20 million dollars. The funds raised are being used to develop, add talent and attract more users and institutions to its platform, which also launches May 16.
– The A16z Crypto Fund has invested $29.30 million in Story Protocol, a startup that is building web3 technology to revolutionize metaverse creation.. Hashed, Mirana Corp, DAO5, Samsung Next Fund, Two Small Fish Ventures, Berggruen and SLVC also participated in the seed funding round. They plan to use the investment to accelerate the development of their web3 infrastructure platform.
– DeFi platform Jia raised $4.3 million in a seed funding round led by sponsor TCG Crypto with a number of funds including BlockTower, Hashed Emergent, Saison Capital and Global Coin Research and several private investors. Jia plans to use the funding to expand in Kenya and the Philippines before exploring new markets in West Africa, Latin America and Asia.
– Layer-1 blockchain Aura Network, based on the Cosmos ecosystem, announced the closing of a strategic funding round led by LD Capital. These funds are used to develop the ecosystem, in order to expand the Asian NF blockchain market. In February of this year, Aura Network completed a previous Series A funding round totaling $4 million.
– Digital entertainment company Izumo successfully raised $2.2 million in an angel funding round. Fourteen private investors took part in it. The new capital is being used to build a sustainable platform where everyone can live the way they want in the Web3 space using VTubing technology.
– Cryptocurrency derivatives exchange CoinCatch announced the closing of a funding round that was led by ABCDE Capital. This investment will help the company innovate in the cryptocurrency exchange industry and accelerate growth.
– Web-3 developer platform, Airstack, announced the closing of an expanded seed funding round.. In the first phase, the company raised $3 million. Now the firm has received the second installment of $4 million in financing.. Superscrypt fund became the main investor. In addition, NGC Ventures, Hashed Emergent, Signum Capital, Primal Capital, UOB Venture, WWVentures, Cypher Capital, WestWave Capital, CoinSwitch and private investors David Choi and Allen Day participated in the round.
– The game publishing platform, World Play League, closed a pre-seed round of funding with support from Genesis Vault Capital. The amount of investment received was not disclosed. The funds are being used to revolutionize the gaming industry by bringing players from around the world together in competition, fostering community and opening up new social experiences.
– PYOR, a digital asset data platform, has raised $4 million in investment. The seed funding round was led by Castle Island Ventures, with participation from Coinbase Ventures, Future Perfect Ventures, CoinSwitch, Hash3, Force Ventures, Antler, and former Coinbase CTO Balaji Srinivasan. The startup will use fresh capital to develop new products and hire employees.
– Zero-knowledge technology startup Lagrange Labs announced the closing of a $4 million pre-seed round of funding. The round was led by fund 1kx, with participation of CMT Digital, Maven 11 Capital, Lattice, Daedalus. They plan to use the new capital to develop their ZK system, which enables the secure interaction of various blockchain networks.
– A provider of a voucher system that allows consumers to accumulate, spend and send small amounts of bitcoin, Azteco, has closed a $6 million seed funding round. The round was led by Jack Dorsey with participation from Lightning Ventures, Hivemind Ventures, Ride Wave Ventures, Aleka Capital, Visary Capital, Gaingels, David Van Der Weele and Sunil Rajaraman.. The company intends to direct funds toward product development and market expansion in Latin America and Europe.
The top 20 funds by number of investments between May 15 and 21:
The number of private funding rounds by category:
There were 20 rounds over the week. Which category invested the most:
Blockchain infrastructure – 2;
Blockchain service – 11;
CeFi – 2;
DeFi – 3;
GameFi – 1;
Social – 1;
For the past week 19 projects have attracted $74.24 million in investments. Read more about them in our story.