According to incomplete statistics from Odaily Star Daily, there were a total of 26 domestic and foreign blockchain financing events announced from November 13th to November 19th, a significant increase from the previous week's 18. The disclosed total financing amount is approximately $300 million, a substantial increase from the previous week's $100 million.
Last week, the project with the highest investment amount was the cryptocurrency exchange Blockchain.com ($110 million), followed closely by the financial technology company Fnality ($95 million).
The specific financing events are as follows (Note: 1. Sorted by the disclosed amount; 2. Excluding fund-raising and M&A events; 3. * indicates "traditional" companies with some business involving blockchain):
On November 15th, the cryptocurrency exchange Blockchain.com announced the completion of a $110 million Series E financing round, led by the UK investment management company Kingsway Capital, with participation from Baillie Gifford, Lakestar, Lightspeed Venture Partners, and Coinbase Ventures.
It is reported that the company had reached a valuation of $14 billion after raising an undisclosed amount in a Series D financing round in March 2022. However, in this Series E round, Blockchain.com's valuation is less than half of $14 billion. Manny Stotz, the founder and CEO of Kingsway Capital, and Nicolas Brand, a partner at Lakestar, joined Blockchain.com's board of directors after this round of financing.
On November 15th, the financial technology company Fnality completed a $95 million Series B financing round, led by Goldman Sachs and BNP Paribas, with participation from DTCC, Euroclear, Nomura Securities, and WisdomTree.
Fnality is a financial technology company dedicated to building a major currency tokenization system backed by cash held by central banks. Previously known as Utility Settlement Coin, Fnality is a project that introduces cash onto the chain to achieve Delivery versus Payment (DvP) in wholesale banking operations.
On November 15th, SuperState, founded by the founder of Compound, completed a $14 million Series A financing round, with the company refusing to disclose the valuation of this round.
This round of financing was led by Distributed Global and CoinFund, with participation from Arrington Capital, Breyer Capital, CMT Digital, Department of XYZ, Folius Ventures, Galaxy Digital, HackVC, Modular Capital, Nascent, and Road Capital Management.
Superstate plans to use this funding to build its team and develop private funds, allowing institutional investors to enter the crypto world smoothly. Specifically, they can provide tokenized versions of bonds or other common assets for investors, and trade or lend them on platforms similar to Uniswap.
On November 15th, the digital asset brokerage company VersiFi announced a $10 million financing from Hunting Hill Global Capital. Martin Garcia, former Managing Director and Co-Head of Trading and Loans at Genesis Global, has joined VersiFi as co-CEO and will lead the expansion of this digital asset brokerage company's services.
On November 15th, the fintech company CFX Labs based in the United States announced the completion of a $9.5 million financing. Investors in this round of financing include Shima Capital, Decasonic, Antalpha, CMT Digital, Corazon Capital, Kraken Ventures, New Form Capital, and Metropolitan Capital Bank & Trust.
This financing will be used to expand its tokenized cash payment network globally. The network will use the Solana network for remittances.
Modhaus, a Web3 K-Pop company, completed an $8 million Series A financing round, led by Sfermion
On November 14th, the Web3 K-Pop company Modhaus announced the completion of an $8 million Series A financing round, led by the U.S. venture capital firm Sfermion, with participation from SM Culture Partners, Laguna Investment, KDDI Open Innovation Fund III, and Foresight Ventures.
Modhaus was founded in December 2021 and assembled the K-pop girl group tripleS through its NFT voting system. On Modhaus' COSMO app, fans can purchase NFT photo cards, which can be used as voting tokens.
On November 13th, the 3D generative AI platform Atlas announced the completion of a total of $6 million in two rounds of financing, with $4.5 million led by 6th Man Ventures (6MV) and $1.5 million led by Collab+Currency, with participation from a16z Scouting Fund, Contango, Gaingels, GFR Fund, New Renaissance Ventures, Square Enix, and Wagmi Ventures.
OMTrade, a cryptocurrency trading platform, completed a $6 million seed round of financing
On November 16th, the cryptocurrency trading platform OMTrade announced the completion of a $6 million seed round of financing, with participation from Find Satoshi La of STEPN developer, Folius Ventures, Meteorite Labs, Incuba Alpha, and KSK Fund (invested by former Japanese football team captain Keisuke Honda).
OMTrade provides innovative copy trading, readjusting user earnings through innovative product features such as batch trading, monthly settlement, and market-based profit sharing structure.
Kinto, an Ethereum Layer2 project, secured $5 million in financing
On November 15th, the Ethereum Layer2 project Kinto secured $5 million in financing. Earlier this year, Kinto received a $1.5 million seed investment from Kyber Capital Crypto. Recently, it received an additional $3.5 million in a round of financing led by Kyber Capital Crypto, Spartan Group, and Parafi. This round of financing also included participation from SkyBridge Capital, Kraynos, Soft Holdings, Deep Ventures, Modular, Tane, and Robot Ventures.
On November 17th, the game studio Bazooka Tango announced the completion of a $5 million financing round, led by Bitkraft Ventures, with participation from RW3 Ventures, Sfermion, Foresight Ventures, and Builder Capital.
Bazooka Tango is collaborating with Immutable to develop Shardbound, an immersive multiplayer game that combines TCG elements, tactical exercises, and digital collectibles. Bazooka Tango is also set to launch three new games.
Web3 social platform Sleek secures $5 million seed round financing from Binance Labs
On November 17th, Web3 social network platform Sleek secured a $5 million seed round financing from Binance Labs, with a valuation of $50 million.
Investors include Binance Labs, Shima Capital, Spartan Group, ArkStream Capital, Symbolic Capital, Market Across, and Big Brain Holdings.
On November 17th, AI-based music creative asset development company CreateSAFE announced the completion of a $4.6 million seed round financing, led by cryptocurrency and blockchain investment firm Polychain Capital, with participation from Crush Ventures, MoonPay, Chaac Ventures, Unified Music Group, and a group of music industry executives.
On November 15th, blockchain music collaboration protocol development company Baton announced the completion of a $4.2 million financing, led by BITKRAFT Ventures, with participation from Techstars, Dorm Room Fund, New York University Innovation Venture Fund, Berkley Center for Entrepreneurship, Dark Arts, Franklin Templeton, Harmonic Future, and others.
On November 16th, decentralized privacy protocol Hinkal Protocol completed a $4.1 million financing, led by Draper Associates, with participation from Psalion, NGC Ventures, Aquanow, No Limit Holdings, Orange DAO, and DraperDragon.
On November 16th, Union Labs announced the completion of a $4 million seed round financing, with participation from Galileo, Semantic Ventures, Tioga Capital, Nascent, Lightshift, and Chorus One. The financing will be used to develop a cross-chain bridge based on ZK technology.
On November 13th, decentralized data composability protocol Glacier Network announced the completion of a $2.9 million seed round financing, with participation from Foresight X, UOB Venture Management, Signum Capital, Cogitent Ventures, Gate Labs, and others.
Web3 API platform Uniblock completes $2.3 million financing
On November 15th, Web3 API platform Uniblock announced the completion of a $2.3 million financing. Participants in this round of financing include Cadenza, Blockchain Founders Fund, Side Door Ventures, AQN, Serafund, and Outsider Ventures.
Rho Labs completes $2.2 million financing, led by Speedinvest
On November 16th, Rho Labs, founded by former Chief Product Officer of Copper Alex Ryvkin, announced the completion of a $2.2 million Pre-Seed round financing, led by Speedinvest, with participation from Keyrock, Re7 Capital, Daedalus Collective, and Dmitry Tokarev, CEO of Copper.
Artifact Lab completes $2 million Pre-Seed round financing, led by RW3 Ventures and IOSG Ventures
On November 17th, Artifact Lab completed a $2 million Pre-Seed round financing, led by RW3 Ventures and IOSG Ventures, with participation from Raptor Group, Cypher Capital, and HerculesDAO. The funding injection will be used for platform development, team expansion, and accelerated growth.
On November 16th, Web3 social protocol beoble completed a $2 million Pre-Seed round financing, with participation from DCG, Samsung Next, HashKey Capital, GBV Capital, Token Bay Capital, Momentum 6, and others. beoble will use this round of financing to enhance the Web3 social user experience and improve platform functionality.
On November 15th, blockchain gaming project EthXY announced the completion of a $1.6 million Pre-Seed round financing, with participation from the a16z CSS23 Accelerator Program, Orange DAO, Pioneer Fund, WWVentures, nonce Classic, Pepper Ventures, Founderheads, Space Whale Capital, MH Ventures, and others.
Napier Finance, a yield management protocol in the Curve ecosystem, completes $1 million financing
On November 13th, yield management protocol Napier Finance in the Curve ecosystem announced the completion of a $1 million financing, with participation from Michael Egorov, founder of Curve Finance, two co-founders of Convex Finance, C2tP and Winthorpe, Charlie, co-founder of DeFiLlama, B Dash Ventures, FLICKSHOT, and others.
zkEVM Kakarot completes second round of financing, led by Stake Capital and LongHash Ventures
On November 14th, modular zkEVM Kakarot launched by Starknet announced the completion of a second round of financing, led by Stake Capital Group and LongHash Ventures, with participation from Eterna Capital, Fenbushi Capital, OKX Ventures, Foresight Ventures, and others. The amount of this financing round was not disclosed.
On November 16th, decentralized cross-chain trading platform Kinetix Network announced a strategic financing round in the seven figures, led by Factor and Gnosis Chain.
It is reported that this round of financing is for Kinetix's development on Gnosis Chain.
On November 16th, Web3 company BLOCKSMITH announced the completion of the first stage of angel round financing, with participation from SBI Group, Headline Asia, J-CAM Corporation, and others. The new financing will be used for product development and research and development.
Friend3 receives strategic financing from BNBswap Ventures
On November 19th, BNBswap announced on the X platform that BNBswap has reached a cooperation agreement with Friend3 and made a strategic investment in Friend3.
Friend3 is a decentralized application that focuses on freely priced paid group chats, allowing creators to customize price curves and supporting social platforms beyond X (formerly Twitter). Compared to friend.tech, it has made multiple optimizations in Web3 login, group chat functions, price rate customization, terminal compatibility, and privacy protection.
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