Weekly Financing Report | 13 public financing events; Crypto lending protocol Maple Finance completes $5 million financing, led by Tioga Capital and Blocktower Capital

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PANews
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1 year ago

Highlights of this Issue

According to PANews incomplete statistics, there were 13 blockchain investment and financing events globally last week (8.21-8.27), with a total funding scale exceeding 40 million US dollars, which was significantly reduced compared to the previous week. An overview is as follows:

  • In the DeFi sector, there were 2 investment and financing events. Among them, the encrypted lending protocol Maple Finance announced the completion of a $5 million financing, with Tioga Capital and Blocktower Capital leading the investment.
  • In the NFT and Metaverse field, there were 2 investment and financing events. Among them, Solana-based digital gift NFT project DRiP completed a $3 million seed round of financing, with participation from Solana Ventures.
  • In the Blockchain Game track, there were 2 investment and financing events. Among them, Hungri Games completed a $1.9 million seed round of financing, with Bogazici Ventures leading the investment.
  • In the Infrastructure and Tools track, there were 3 financing events. Among them, the decentralized local peer-to-peer open-source tool Anytype officially announced the completion of a new round of $13.4 million financing, with Balderton Capital leading the investment.
  • In the Other Web3/Crypto-related Projects sector, there were 3 financing events. Among them, Web3 marketing company Raleon completed a $3.8 million new round of financing, with participation from Play Ventures.
  • In the field of Centralized Finance, there was 1 financing event: Dubai cryptocurrency exchange BitOasis completed a new round of financing, with no disclosure of the transaction terms and valuation, and participation from Indian cryptocurrency exchange CoinDCX.

Financing Weekly Report | 13 public financing events; encrypted lending protocol Maple Finance completes $5 million financing, led by Tioga Capital and Blocktower Capital

DeFi

Maple Finance Completes $5 Million Financing, Led by Tioga Capital and Blocktower Capital

The encrypted lending protocol Maple Finance announced the completion of a new round of $5 million financing, led by Tioga Capital and Blocktower Capital, with other participants including GSR Ventures, Cherry Ventures, Veris Ventures, and The Spartan Group. It is reported that the new financing will be used to expand Maple's global services, with a focus on strategic expansion in the Asia-Pacific region.

Mina Ecosystem DEX LuminaDEX Completes Strategic Financing, with Jump Crypto Participating

The Mina ecosystem DEX LuminaDEX announced the completion of a new round of strategic financing, with participation from BigBrain Holdings, Jump Crypto, Mina Foundation, and O(1) Labs. The amount of financing was not disclosed. LuminaDEX is a KYC-compliant, enterprise-level DEX on the Mina ecosystem, achieving privacy through zkSNARKs and MPC, and compliance through zkKYC.

NFT & Metaverse

Solana-based Digital Gift NFT Project DRiP Completes $3 Million Seed Round Financing

Solana-based digital gift NFT project DRiP completed a $3 million seed round financing, with Placeholder and its partner Chris Burniske, 6th Man Ventures, Anagram, and Collab+Currency jointly leading the investment, and participation from Boogle Ventures, B+J Capital, Big Brain Holdings, Interlace Ventures, Solana Ventures, and ArbVision. The new funds will be used to accelerate the development of collectible content and Web3 social platforms.

AI and Web3 Startup Moonbox Receives Strategic Investment from Bing Ventures

Bing Ventures, the investment arm of the cryptocurrency exchange BingX, announced a strategic investment in the AI and Web3 startup Moonbox, with the specific amount not yet disclosed. It is reported that Moonbox is a Hong Kong-based technology startup in artificial intelligence and Web3, and has obtained the rights to use the IP of Stephen Chow's films in the NFT domain, including "Journey to the West: Conquering the Demons," "Journey to the West: The Demons Strike Back," and "The Mermaid." The company plans to launch a series of AI-driven NFTs and applications inspired by the art and film industry by the end of 2023.

Blockchain Game

Hungri Games Completes $1.9 Million Seed Round Financing with a Valuation of $23 Million

Mobile game studio Hungri Games has successfully completed a seed round of financing, raising $1.9 million with a valuation of $23 million. This investment was led by Bogazici Ventures, with participation from prominent investors including Sebastien Borget, Chief Operating Officer of Sandbox. It is reported that Hungri Games, founded in 2019 and headquartered in Istanbul and Belfast, focuses on launching innovative mobile games such as "Metahorse Unity."

Metaverse Game Developer Irreverent Labs Completes New Round of Financing, Led by Samsung Next

Metaverse game developer Irreverent Labs completed a new round of financing, led by Samsung Next, with the financing amount not disclosed. It is reported that Irreverent Labs chose to strengthen cooperation with Samsung Next because it hopes to have more exposure to potential clients in Samsung Next's investment portfolio. In May 2022, Irreverent Labs completed a $40 million financing round, led by a16z, with participation from Michael Ovitz, Sonam K Ahuja, LuBall13.eth, Solana Ventures, and others.

Infrastructure & Tools

Decentralized Local Peer-to-Peer Open-Source Tool Anytype Completes $13.4 Million Financing, Led by Balderton Capital

The decentralized local peer-to-peer open-source tool Anytype officially announced the completion of a new round of $13.4 million financing, led by Balderton Capital, with participation from Inflection, Square One, Script Capital, Protocol Labs, Connect Ventures, New Forge, Foreword VC, and a group of well-known angel investors in the Web3 field. Anytype's locally centered peer-to-peer open-source tools can provide users with the originally expected network freedom while protecting privacy, data autonomy, and control. By combining no-code tools with decentralized architecture, creators and communities can build networks in their own way.

Digital Asset Accounting Solution Provider Cryptoworth Completes Strategic Financing, with Participation from Polygon Ventures

The digital asset accounting solution provider Cryptoworth announced the successful completion of strategic investment, led by CMT Digital, with participation from Kyber Ventures, Saison Capital, ODA Capital, and Polygon Ventures, with the specific amount not disclosed. This round of financing will be used to accelerate the market expansion of Cryptoworth's enterprise digital asset accounting solution. It is reported that Cryptoworth has obtained SOC 2 Type 2 certification and currently provides product services to blockchain companies such as Axie Infinity, Solana Foundation, Celo Foundation, Avara Labs (Aave), Kava Labs, Big Brain Holdings, and The Moonbeam Foundation to ensure their Web3 enterprise financial compliance and audit readiness.

Relayz Network Completes Seed Round Financing, with Participation from NEAR Foundation

The decentralized privacy communication network Relayz Network completed seed round financing, with participation from NEAR Foundation, Geekcartel, k24 Ventures, galxe, cogitent Ventures, bitscale Capital, and the Israel Blockchain Association, with the specific financing amount not yet disclosed. Relayz aims to build privacy-first, highly secure, scalable, and censorship-resistant infrastructure for the Web3 industry, allowing anyone to become a node operator. The company has already launched the testnet "relynet."

Others

Nodal Power Completes $13 Million Seed Round Financing, Providing Electricity to Bitcoin Mining Data Centers to Improve Energy Efficiency

Independent power producer Nodal Power has completed a $13 million seed round financing, with the company reducing methane emissions from landfills by providing power to Bitcoin mining data centers. Nodal Power stated that a significant portion of the funds has been used for the construction and operation of two power plants within the United States. The first site is located in the southeastern United States and delivers power generated from landfill gas to the local grid. The second site is in the mountainous western region and features an off-grid Bitcoin mining data center powered by landfill gas. Nodal Power plans to allocate additional funds for the development of a third site, with completion scheduled for early 2024.

Web3 marketing company Raleon completes $3.8 million seed round financing

Web3 marketing company Raleon has announced the completion of a $3.8 million new round of financing, with participation from Blockchange, Play Ventures, Alliance DAO, and Portal Ventures. The funds will be used to help project and brand development. Raleon aims to help brands, games, and dApps convert and retain users through its latest product, Embedded Quests. Founded in 2022, Raleon's SaaS platform leverages growth analytics, Web3 marketing automation, embedded tasks, and on-chain and off-chain data to assist Web3 projects in user retention and conversion without being limited to using financial incentives to help project and brand development.

Social Media

Friend3.Group completes $500,000 Pre-Seed round financing, with participation from JRR Crypto

Decentralized social project Friend3.Group has secured $500,000 in Pre-Seed round financing, with participation from Turkish crypto community KoinSaati, JRR Crypto, and other institutions. Friend3 is a decentralized application that focuses on freely priced paid group creation, allowing creators to customize price curves and support all social platforms, not limited to X (formerly Twitter). Compared to friend.tech, it has made multiple optimizations in Web3 login, group chat functionality, price rate customization, terminal compatibility, and privacy protection.

Centralized Finance

Cryptocurrency exchange BitOasis completes new round of financing, with participation from CoinDCX

Dubai-based cryptocurrency exchange BitOasis has completed a new round of financing, with no disclosure of transaction terms and valuation. Indian cryptocurrency exchange CoinDCX, existing investors Wamda Capital, and Jump Capital participated. BitOasis completed a $30 million Series B financing in 2021, with venture capital firms Jump Capital and Wamda co-leading, and participation from Alameda Research, Global Founders Capital, Pantera Capital, Digital Currency Group, and NXMH.

Venture Capital Firms

Vessel Capital launches a $55 million Web3 investment fund

Web3 venture capital fund Vessel Capital has launched a $55 million fund focused on Web3 infrastructure and application investments. Vessel Capital was founded by Mirza Uddin, Eric Chen, and Anthony Anzalone. The company plans to invest approximately $10 million annually, with funds to be deployed over five years. Uddin stated that while the fund will primarily invest in startups focused on specific application infrastructure, it is also open to exploring other areas. Vessel has previously invested in "dozens of companies," including Injective, Burnt, and L1 blockchain Omni.

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