Financing Weekly Report | 17 public financing events, Pakistani stablecoin company ZAR completes $12.9 million financing, led by a16z.

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Highlights of This Issue

According to incomplete statistics from PANews, there were 17 investment and financing events in the global blockchain sector last week (10.27-11.2), with a total funding scale exceeding $0.92 billion. Additionally, the total financing amount for publicly listed companies' crypto asset reserves exceeded $468 million. The overview is as follows:

  • DeFi reported 1 investment and financing event, with Accountable completing a $7.5 million financing round led by Pantera Capital;
  • The Web3+AI sector reported 3 investment and financing events, including the AI payment public chain project Kite AI announcing a strategic investment from Coinbase Ventures;
  • The Infrastructure & Tools sector reported 4 investment and financing events, including the self-custody platform Bron Labs completing approximately $15 million in financing, with investors including LocalGlobe;
  • The Centralized Finance sector reported 4 investment and financing events, including the Pakistani stablecoin company ZAR completing $12.9 million in financing, led by a16z;
  • The Other Web3 applications sector reported 2 investment and financing events, including HEALTH completing $2.5 million in seed round financing, co-led by Gemhead Capital and Castrum Istanbul;
  • Additionally, 2 publicly listed companies completed financing for crypto treasury strategies, with Nasdaq-listed shipping company OceanPal completing a $120 million PIPE;
  • The GameFi sector reported 3 investment and financing events, including KapKap announcing the completion of $10 million in financing, with the seed round led by Animoca Brands.

DeFi

Crypto credit infrastructure Accountable completes $7.5 million financing, led by Pantera Capital

Accountable has completed a $7.5 million financing round led by Pantera Capital, with participation from OKX Ventures, Onigiri Capital, and KPK. Accountable is positioned as a "non-collateralized" crypto credit infrastructure and had previously raised $2.3 million at the end of 2024. It now plans to expand its team (currently 18 people), promote institutional collaborations, and accelerate product deployment. CEO Wojtek Pawlowski stated that the company will provide embeddable yield products for new banks and exchanges. The project has launched its testnet, with the mainnet expected to be released in mid-November.

AI

Web3+AI project PoobahAI completes $2 million seed round financing

No-code AI platform PoobahAI announced that it has secured $2 million in seed round financing from FourTwoAlpha Ltd. The new funds will support PoobahAI's active development roadmap in the AI-Web3 integration field and promote market expansion plans. Its flagship product, MCP Server, connects an AI agent directly to the blockchain infrastructure layer, enabling seamless multi-chain operations and transforming static blockchains into dynamic, self-sufficient systems.

AI payment public chain Kite AI receives strategic investment from Coinbase Ventures

The AI payment public chain project Kite AI announced that it has received a strategic investment from Coinbase Ventures. According to official information, this financing is a continuation of Kite's recent $33 million financing led by PayPal Ventures and General Catalyst. The new funds will support the development of its autonomous AI agent payment infrastructure and collaborate with Coinbase to accelerate the large-scale adoption of the x402 protocol.

It is reported that Kite has achieved native integration of Coinbase's x402 agent payment standard since its design inception. As one of the first Layer 1 blockchains to fully implement x402 compatible payment primitives, Kite enables AI agents to initiate, receive, and reconcile payments directly through standardized intent authorization, establishing Kite as the native execution and settlement layer for the x402 protocol and the emerging agent economy.

Decentralized AI inference routing network DGrid AI secures seed round investment

DGrid AI announced that it has received seed round investment support from institutions including Waterdrip Capital, IoTeX, Paramita VC, Cacher VC, 4EVER Research, Zenith Capital, and Abraca Research. DGrid AI is a decentralized AI inference routing network that provides developers and applications with low-cost, verifiable, and trustless AI capabilities. DGrid's core relies on the "AI RPC + LLM inference + distributed nodes" architecture, aiming to break the monopoly of centralized AI platforms and provide open, trustworthy, and low-cost AI capabilities for the Web3 ecosystem. The financing will mainly be used for building the node network and expanding ecological partnerships.

YZi Labs leads $11 million seed round financing for AI software VideoTutor in the education sector

YZi Labs announced that it has led an $11 million seed round financing for VideoTutor, an AI software in the education sector. This round of financing also attracted participation from JinQiu Fund (a ByteDance-related fund), Baidu Ventures, Amino Capital, BridgeOne Capital, and others. This is YZi Labs' first investment in the AI software field since expanding its investment scope earlier this year.

VideoTutor is an "educational AI agent" that can transform any question into personalized animated courses, making high-quality tutoring services accessible. VideoTutor was founded by 20-year-old entrepreneur Kai Zhao, and the platform uses a large language model (LLM) + Manim animation rendering process to generate precise and adaptive AI teaching videos. Currently, its services cover 20,000 users worldwide and have received over 1,000 API integration requests.

(This financing is not included in this issue's financing weekly report statistics)

Infrastructure & Tools

Copper founder launches Bron Labs focused on digital asset security, has completed approximately $15 million in financing

Dmitry Tokarev, founder of London-based cryptocurrency custodian Copper Technologies Ltd., has established a new company, Bron Labs, to address the security risks of self-custody of digital assets. Bron Labs is a self-custody platform designed to provide advanced security protections previously only available to large enterprises for consumers and professionals. Tokarev revealed that Bron Labs completed approximately $15 million in financing earlier this year, with around 140 individual and institutional investors, including LocalGlobe, Fasanara Digital, and GSR.

Semantic Layer completes $5 million financing, led by Greenfield Capital

According to official news from Semantic Layer, it has completed a Series A financing round led by Greenfield Capital, with a total financing amount of $5 million, aimed at promoting on-chain AI autonomy and agency, dApp, and asset sovereignty. Additionally, Binance Alpha has launched Semantic Layer (42). Previously, the MEV infrastructure developer Semantic Layer had completed a $3 million seed round financing led by Figment Capital to develop core products and enhance market awareness of ASS, including sponsoring research and developer activities.

Payment infrastructure Pieverse secures $3 million investment from CMS Holdings

Web3 payment and compliance infrastructure startup Pieverse announced that it has secured $3 million in funding from CMS Holdings, which will support the expansion of x402b on the BNB Chain. With this, its total financing amount, including seed and strategic rounds, has reached $10 million. Previously, on October 27, it was reported that Pieverse launched the x402b protocol to enable gasless payments on the BNB Chain. It is reported that Pieverse's on-chain timestamp protocol completes the missing verification layer for Web3, providing reliable, transparent, and cross-chain interoperable cryptographic proof for invoices, receipts, and transactions.

DeepSafe completes $3 million seed round financing, core technology accepted by IEEE TIFS

DeepSafe announced the completion of a $3 million seed round financing, with investors including Antalpha, ViaBTC Capital, Spark Capital, Cogitent Ventures, Sharding Capital, Gate, Satoshi Lab, and CKB Eco Fund. Its core decentralized verification technology has been accepted by the international cryptography journal IEEE TIFS. DeepSafe claims that the network has processed nearly 120 million transaction verifications, with over 2.65 million active accounts. The project states it will build a better "Trust Layer."

Others

HEALTH completes $2.5 million seed round financing

HEALTH announced the completion of $2.5 million in seed round financing, co-led by Gemhead Capital and Castrum Istanbul. HEALTH claims its PULSE application has been launched globally, utilizing AI and blockchain reward mechanisms to convert daily health data into value, currently exceeding 10,000 users. The team is preparing for a TGE (Token Generation Event) and plans to launch an AI health assistant to provide personalized insights and health management features.

Solana ecosystem project Dare Market completes $2 million financing

The challenge platform Dare Market based on Solana announced the completion of $2 million in financing, led by Karatage and Paper Ventures. The platform was initially launched in September, allowing users to complete challenges posted by other users. Participants must share proof of completion on social media to receive rewards. Users can also create their own challenges and promise to complete them upon reaching specific fundraising goals. Dare Market charges a 6.9% commission on the rewards earned for each successfully completed challenge.

DAT

(Such transactions are not included in this issue's financing weekly report statistics)

Chijet Motor completes $300 million private placement in cryptocurrency

Chijet Motor Company, Inc (NASDAQ: CJET) announced the completion of a private placement priced in cryptocurrency, raising approximately $300 million. This issuance is directed towards non-U.S. institutional investors, with each unit consisting of 1 share of common stock (par value $0.003, priced at approximately $0.10 equivalent in cryptocurrency) and 3 warrants (exercise price approximately $0.12 equivalent in cryptocurrency, with a term of 3 years and cashless exercise under specific conditions). The company stated that the proceeds will be used to strengthen its crypto asset custody infrastructure and potential acquisitions.

OceanPal completes $120 million financing, plans to collaborate with NEAR to advance AI and crypto infrastructure

Nasdaq-listed shipping company OceanPal has completed a $120 million PIPE to establish a wholly-owned subsidiary, SovereignAI, in partnership with the NEAR Foundation to create a NEAR-based digital asset treasury and confidential AI cloud platform. OceanPal plans to acquire NEAR tokens long-term, aiming to hold at least 10% of the total supply. Investors include Kraken, Proximity, Fabric Ventures, G20 Group, and NEAR Foundation. The SovereignAI advisory board includes Illia Polosukhin and others. OceanPal will maintain its dry bulk and tanker business while expanding into blockchain and AI infrastructure.

Prenetics, backed by Beckham, raises $48 million to advance Bitcoin treasury

Health science company Prenetics (PRE), invested in by David Beckham, raised $48 million in an oversubscribed equity financing round to expand its health brand IM8 and advance its Bitcoin reserve strategy.

Prenetics stated in an email announcement sent on Monday that through the exercise of warrants, the total financing amount could reach $216 million. This round attracted investors such as Kraken, Exodus (EXOD), GPTX, and American Ventures. CEO Danny Yeung stated that these funds will help IM8 achieve global expansion while accumulating 1 Bitcoin daily, aiming for both revenue and Bitcoin holdings to reach $1 billion within five years. Data shows that the company currently holds 268.4 Bitcoins (valued at $30.9 million).

Centralized Finance

Pakistani stablecoin company ZAR completes $12.9 million financing, led by a16z

a16z led the investment in stablecoin infrastructure company ZAR, which aims to popularize stablecoins through street vendors in Pakistan. This round of financing totaled $12.9 million, with participation from Dragonfly, VanEck Ventures, Coinbase Ventures, and Endeavor Catalyst. The ZAR platform allows users to exchange cash for digital dollars and spend through wallets and Visa cards, aiming to address the payment needs of the country's large unbanked population. If successful, ZAR plans to expand to Africa by 2026.

Hercle secures $10 million financing and $50 million credit line to accelerate cross-border payments with stablecoins

Hercle announced the completion of $10 million in equity financing, led by F-Prime, and has secured a $50 million credit line to support global expansion. The company integrates stablecoins to provide end-to-end infrastructure for payment service providers and enterprises, aiming to reduce cross-border settlement times from days to minutes. Hercle claims to have processed over $20 billion in transactions, with 90% completed within 5 minutes, and has over 200 institutional clients, planning to expand into South America, the Middle East, and Africa while extending regulatory coverage.

Standard Economics secures $9 million seed round financing, launching cross-border payment app "Uno"

Standard Economics announced the completion of $9 million in seed round financing, led by crypto venture firm Paradigm, with participation from Lightspeed and several angel investors. The company was co-founded by Evan Jones (formerly of X and xAI), Payam Abedi (former employee of X), and Tyler Carnevale (formerly of SpaceX and X), and plans to provide cross-border remittance and dollar acquisition services using stablecoins. The first application, "Uno," was launched on October 28 in Mexico, supporting domestic payments and cross-border zero-fee transfers, with plans to expand to Argentina, the Philippines, and several countries in Latin America and Asia. The company currently has 6 employees and has not yet generated revenue.

Stablecoin company Loon completes approximately $2.15 million seed round financing, led by Version One Ventures

Canadian stablecoin company Loon completed 3 million Canadian dollars (approximately $2.15 million) in seed round financing, led by Version One Ventures, with participation from Garage Capital and a consortium of Canadian angel investors. It is reported that the company plans to launch a stablecoin based on the Canadian dollar to reduce reliance on US dollar stablecoins.

GameFi

KapKap completes $10 million financing, led by Animoca Brands

KapKap announced the completion of $10 million in financing, with the seed round led by Animoca Brands, and participation from Shima Capital, Mechanism Capital, Klaytn Foundation, and Big Brain Holdings; the strategic round was led by Unicorn Verse, with participation from Rzong Capital and BGX Capital. The company positions itself as AI-native Web3, launching KAPS (Key Attention Pricing System) to quantify user "attention and reputation" and distribute rewards; currently, it has approximately 1.7 million monthly active users and about 25,000 daily active users, having engaged in IP collaborations with SNK, "The King of Fighters," "Samurai Shodown," BAYC, and ApeCoin DAO.

Web3 trendy toy project Capybobo completes $8 million financing, led by Pluto, with participation from Animoca and HashKey

The Web3 trendy toy project Capybobo announced the completion of $8 million in financing, led by Pluto Vision Labs, which is supported by YZi Labs and has previously created CatizenAI with 63 million players. This round of financing also received participation from several well-known institutions, including Folius Ventures, Animoca Brands, HashKey Capital, and Mirana Ventures. Capybobo stated that the funds will be used to accelerate the development of its online doll clothing (PYBOBO Outfits) product, build a global trendy toy trading platform, and promote its brand in the European and Asian markets. Capybobo is a GameFi project within the TON and Kaia ecosystems, focusing on bringing global trendy toy art culture into Web3 and creating a fusion of virtual and real trendy toy IP.

GameFi project MoonClash completes strategic round financing, with participation from Candaq, Becker Ventures, and others

The tower defense strategy platform MoonClash, built on the BNB Chain, successfully completed a strategic round of financing, achieving a valuation of $100 million. This round of financing saw participation from Candaq, Becker Ventures, Oasis Labs, BlockPulse, and Apus Capital. MoonClash is a Web3 gaming platform that integrates PVP battles, PVE exploration, NFT ownership, and on-chain economy. The platform combines tower defense and strategy games with blockchain technology, allowing players to build defensive structures, upgrade heroes, and engage in real-time battles in a moon-themed metaverse. MoonClash plans to conduct community and public rounds of financing in early 2026.

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