Financing Weekly Report | 17 public financing events, OpenMind completes $20 million financing, led by Pantera Capital

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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 (August 4 - August 10); the total funding exceeded $111.2 million. Additionally, the total financing amount for publicly listed companies' crypto asset reserves exceeded $846 million, as summarized below:

  • DeFi reported 4 investment and financing events, including the UK blockchain project BOB, which completed a new round of financing of $9.5 million, with participation from Amber Group and others;
  • The Web3 Gaming & NFT sector reported 2 investment and financing events, with SuperGaming announcing the completion of $15 million in Series B financing, led by Skycatcher and Steadview Capital;
  • The Web3 + AI sector reported 2 investment and financing events, including the Web3-based AI project Perle, which completed $9 million in seed round financing, led by Framework Ventures;
  • The Infrastructure & Tools sector reported 5 investment and financing events, with OpenMind completing $20 million in financing, led by Pantera Capital;
  • The Centralized Finance sector reported 2 investment and financing events, with Tether leading a €30 million financing for the Spanish crypto exchange Bit2Me;
  • In Other areas, 4 publicly listed companies completed financing to establish crypto treasuries, with Verb Technology announcing a $558 million private placement to set up the first publicly listed TON treasury company.

DeFi

UK blockchain project BOB completes $9.5 million new round of financing, with participation from Amber Group and others

BOB announced that it has completed multiple rounds of strategic financing since December 2024, with a total amount reaching $21 million. The latest round raised $9.5 million, supported by existing investors such as Castle Island Ventures, Ledger Cathay Capital, and RockawayX, while also bringing in new investors like Amber Group, Sats Ventures, and Anchorage Digital CEO Nathan McCauley.

Previously, BOB had completed $10 million in seed round financing and $1.6 million in angel round financing. BOB aims to combine Bitcoin with Ethereum DeFi through its hybrid chain technology, promoting the application of Bitcoin in the decentralized finance sector. Recently, BOB launched native Bitcoin DeFi features on its testnet and plans to achieve trustless BTC deposits and withdrawals through BitVM technology, with plans to launch mainnet services in the future. Additionally, BOB has become the first hybrid ZK Rollup to optimize optimistic Rollup using zero-knowledge technology, further enhancing efficiency and reducing costs.

Crypto derivatives trading application Euphoria based on MegaETH completes $7.5 million seed round financing

The crypto derivatives trading application Euphoria, based on MegaETH, announced the completion of $7.5 million in seed round financing, which includes $2.5 million in a pre-seed round in November 2024 and $5 million in a seed round from February to July 2025. The seed round was led by Karatage, with Figment Capital and Robot Ventures participating. Other participants include Bankless Ventures, First Commit, Hash3, Comfy Capital, Kosmos Ventures, and over 100 angel investors.

The project is developing a mobile "click trading" interface to lower user barriers by simplifying the operation processes of derivatives such as options and perpetual contracts. Euphoria plans to launch the MegaETH mainnet within the year, with a business model referencing Hyperliquid, profiting through market making and trading fees. The team currently has 8 members and plans to add 3-5 engineering and product positions. The long-term roadmap includes issuing a native token.

Doppler Finance completes $3 million seed round financing, led by Reforge

XRP Ledger's native yield protocol Doppler Finance announced the completion of $3 million in seed round financing, led by Reforge, with participation from DCG, Maven 11, Hashkey Capital, GSR, CMCC Global Titan Fund, Keyrock, Tenity, CRIT USA, Cluster Capital, Flowdesk, Auros, and G20.

Doppler aims to build a compliant, custodial CeDeFi yield infrastructure to fill the gap of the lack of native yield mechanisms on the XRP Ledger. Currently, the market cap of XRP is nearly $200 billion, but less than 0.1% of assets earn yield on-chain. Doppler collaborates with custodians such as Fireblocks, Bitgo, Copper, and Ceffu to provide a secure, transparent, and verifiable asset management mechanism, and has passed legal and technical audits.

Doppler stated that its platform has reserved over $500 million in institutional funds and will first support yield vaults for XRP and Ripple stablecoin RLUSD, with plans to enter the US market to provide yield solutions for compliant funds and financial platforms. The platform also offers API and SDK interfaces for easy integration by custodians, wallets, and platforms, promoting the institutional and standardized development of XRPfi.

Solana-based stablecoin project Hylo completes $1.5 million seed round financing

The Solana-based stablecoin project Hylo completed a seed round financing led by Robot Ventures, raising $1.5 million, with participation from Solana Ventures, Geoff Renaud, Erik Ashdown, Anna Yuan, YTWO, Colosseum, Matthew O'Connor, Chris Heaney, Solar, Thomas, Sean Hu, Cupid, Luke Truitt, and others.

Web3 Gaming & NFT

SuperGaming secures $15 million in Series B financing from A16z, Polygon, and others, with a valuation of $100 million

Game development company SuperGaming, headquartered in Pune, India, and Singapore, announced the completion of $15 million in Series B financing, led by Skycatcher and Steadview Capital, with participation from A16z Speedrun, Bandai Namco 021 Fund, Neowiz, and Polygon Ventures. SuperGaming is now valued at $100 million. The new funds will be used for the international expansion of its game "Indus Battle Royale" (first stop Latin America) and for upgrading its technology platform. The company has accumulated 200 million game downloads and is pushing new technology layouts such as cloud multiplayer game backends and Web3 digital asset ownership through SuperPlatform.

Animoca Brands strategically invests in NFT brand Cool Cats

Animoca Brands announced via Twitter that it has strategically invested in the NFT brand Cool Cats. Following the investment, its executive chairman and co-founder Yat Siu, along with Mocaverse project leader Tyler Durden, will join the board of Cool Cats.

AI

Web3-based AI project Perle completes $9 million seed round financing, led by Framework Ventures

Web3-based artificial intelligence project Perle announced the completion of $9 million in seed round financing, led by Framework Ventures, bringing the total financing for this startup to $17.5 million. The project aims to optimize the quality of AI training data using blockchain technology and crypto-economic incentives. Perle plans to launch Perle Labs to record data contributions via blockchain technology and incentivize users to provide high-quality feedback to improve AI model training. Its CEO stated that decentralized data labeling can reduce bias and enhance model performance. Previously, Perle completed an $8.5 million Pre-Seed round financing led by CoinFund in October 2024.

Multiple Network completes a new round of strategic financing, with participation from Gate Labs and 071 Labs

Multiple Network announced the completion of a new round of strategic financing, achieving a post-investment valuation of $100 million. Institutions such as GateLabs, 071 Labs, and IBC Group participated, laying the foundation for Multiple Network's upcoming TGE.

Multiple Network is a privacy-accelerated network for AI, providing privacy protection and data acceleration through P2P and SD-WAN technology, aggregating distributed node bandwidth to offer anonymous communication and encrypted transmission services. Multiple provides higher bandwidth and lower latency, widely applied in AI model invocation, search engine interaction, and the encryption and acceleration of large-scale sensitive data, enhancing the efficiency and security of AI model training and inference.

AI-native ERP platform Rillet completes $70 million Series B financing, led by A16z and ICONIQ

AI-native enterprise resource planning (ERP) platform Rillet announced the completion of $70 million in Series B financing, led by Andreessen Horowitz and ICONIQ, with participation from Sequoia, OakHC/FT, and others, bringing its total financing over the past year to over $100 million. Founded by former N26 executives, Rillet has served over 200 clients, doubled its ARR in the past 12 weeks, and collaborates with accounting firms like Armanino and Wiss, aiming to reduce the closing cycle to just a few days through native integration and embedded AI.

(Not included in this financing weekly report statistics)

Infrastructure & Tools

Ripple announces $200 million acquisition of stablecoin payment platform Rail

Ripple will acquire the Toronto-based stablecoin payment platform Rail for $200 million, with the transaction expected to close in the fourth quarter of this year, pending regulatory approval. Rail, backed by Galaxy Ventures and others, is responsible for 10% of global stablecoin payment activities, focusing on cross-border payments. This acquisition will enhance Ripple's payment solution capabilities for its stablecoin RLUSD. Previously, Ripple also announced a $1.25 billion acquisition of Hidden Road to enhance RLUSD's use cases.

(Acquisition cases are not included in the amount statistics)

OpenMind completes $20 million financing, led by Pantera Capital

Silicon Valley-based smart machine infrastructure company OpenMind announced the completion of $20 million in financing, led by Pantera Capital, with participation from Ribbit, Sequoia China, Coinbase Ventures, DCG, Lightspeed Faction, Anagram, Pi Network Ventures, Topology, Primitive Ventures, and several well-known angel investors. This round of financing will be used to expand the engineering team and collaborate with more manufacturers to apply OM1 and FABRIC in scenarios such as autonomous driving, smart manufacturing, and elder care. Pantera Capital stated that OpenMind is building an open intelligent network for the robotics industry, with potential significance comparable to Linux for open-source software and Ethereum for decentralized applications.

OpenMind was founded by Stanford University professor Jan Liphardt, aiming to create a universal operating system and decentralized collaboration network for smart machines, allowing different manufacturers and types of robots to securely trust, share information, and collaborate globally. Its core products include the OM1 operating system and the FABRIC collaboration protocol: the former enables various robots to perceive, adapt, and act, while the latter provides cross-platform identity verification and secure collaboration. Together, they create an open and secure "nervous system" for global robotics.

Hong Kong-listed company Yisou Technology invests $5 million strategically in Lightnet to build RWA ecosystem

Hong Kong-listed company Yisou Technology announced a strategic investment of $5 million in Lightnet, a fintech company under Charoen Pokphand Group, aiming to support its Web3 technology and cross-border payment business. Additionally, Yisou Technology announced plans to deepen its strategic layout in real-world assets (RWA).

Infrastructure Blindpay completes $3.3 million seed round financing, with participation from Y Combinator

Stablecoin payment infrastructure Blindpay announced the completion of $3.3 million in seed round financing, with investors including Y Combinator, 468 Capital, Bitso, Transpose VC, Acacia Venture Capital Partners, and angel investors Jawed Karim (co-founder of YouTube), Raphael Dyxklay, and Caetano Lacerda (co-founder of Barte). The company is dedicated to building a better global payment infrastructure through stablecoins, providing tools for cross-border transfers, compliance management, and quick setup of virtual U.S. accounts, all through a developer-designed API. By 2025, Blindpay had processed over $125 million in transfers, with $46 million processed in July alone.

TradeTide announces completion of seed round financing, with participation from CatcherVC and Candaq

AI crypto strategy platform TradeTide announced the completion of seed round financing, achieving a post-investment valuation of $20 million. This round was co-invested by CatcherVC, Candaq, CGV FOF, Stratified Capital, and K24 Ventures.

It is reported that TradeTide is building an AI smart strategy platform for crypto traders and institutional users, with core features including real-time token diagnostics, on-chain social data linkage analysis, portfolio health checks, and trend predictions, and plans to introduce an interactive smart assistant to help users improve trading decision efficiency. The current platform has completed initial deployment on the BNB Chain and established partnerships with several ecosystem projects and investment institutions.

The official statement indicated that this round of financing will mainly be used for technology research and development, AI system optimization, product implementation, and ecosystem expansion. The team will continue to focus on promoting the deep integration of AI and crypto trading, providing Web3 users with smarter and more transparent strategy tools.

Others

Consumer:

Decentralized prediction market Bayes Market completes $2 million strategic round financing

Decentralized prediction market Bayes Market announced the completion of $2 million in strategic round financing, with participation from Singapore fund GreenVision Fund, Jkapital Ltd, and Bearcat. Bayes Labs is currently focused on the Asian market, and the new funds will be used to optimize the decentralized smart prediction participation framework and accelerate product development, regional expansion, and user growth.

Meme:

Fair launch platform Juicy.meme completes $400,000 Pre-Seed financing, with Ju Ventures participating

Fair launch platform Juicy.meme announced the completion of $400,000 in Pre-Seed financing, achieving a post-investment valuation of $8 million, exclusively invested by Ju Ventures. It is reported that Juicy.meme is the first Meme fair launch platform in the Juchain ecosystem, having created over 440 tokens in just 20 days since its launch, with 20 successfully graduating, resulting in a graduation rate of 4.5%, higher than the concurrent data of pump.fun (0.81%) and four.meme (1.9%). Meanwhile, the platform has over 15,000 active addresses, with total transaction volume exceeding $20 million, demonstrating strong growth momentum and user stickiness.

The official statement indicated that this round of financing will mainly be used for product upgrades, ecosystem construction, and the introduction of quality projects. Ju Ventures, as a strategic partner, will work with Juicy.meme to promote the development of the Juchain fair launch ecosystem and jointly explore more early projects with Meme potential and community enthusiasm.

Crypto Asset Reserves: (Not included in this financing weekly report statistics)

Verb Technology announces $558 million PIPE private placement, plans to establish the first publicly listed TON treasury company

Verb Technology Company (Nasdaq: VERB) announced the completion of approximately $558 million in PIPE private placement financing, planning to collaborate with Kingsway Capital to establish the first publicly listed Toncoin ($TON) treasury company. The company plans to rename itself to TON Strategy Co. (TSC), with most of the funds used to purchase $TON, becoming one of the largest holders of $TON globally. The transaction is expected to close on August 7, and TSC will use $TON as its primary reserve asset and earn yields through staking. Over 110 institutions, including Kingsway Capital, Vy Capital, and Blockchain.com, participated in the investment.

UK AI company Satsuma completes $217.6 million fundraising, increasing BTC reserves to 1,125.85

UK AI company Satsuma Technology announced the successful completion of its second round of convertible loan note fundraising, raising approximately £163.6 million ($217.6 million), exceeding the minimum target of £63.66 million. Its fundraising received support from institutions such as ParaFi, Pantera, DCG, and Kraken, and accepted 1,097 bitcoins as part of the funding, increasing its bitcoin reserves to 1,125.85. This fundraising will be used to expand decentralized AI and bitcoin financial strategies, including enhancing operations and retaining some funds for cash flow.

Bitcoin treasury company BSTR completes $65 million financing, plans to hold over 30,000 BTC after business merger

According to the latest announcement from The Bitcoin Standard Treasury Company (BSTR), the company has completed an additional $65 million financing, equivalent to approximately 555 bitcoins (calculated at the current price of $116,750). The funds will officially be activated after the merger between BSTR and CEPO is completed. It is reported that the merged company will trade under the stock code "BSTR" and plans to hold 30,021 bitcoins.

Previously, BSTR stated that it has reached a final business merger agreement with Cantor Equity Partners I, Inc. (Nasdaq: CEPO). Cantor Equity Partners I, Inc. is a special purpose acquisition company initiated by a Cantor Fitzgerald affiliate. The merged company will also have access to up to $1.5 billion in post-listing PIPE financing related to private equity investment, which is the largest PIPE financing in a SPAC merger transaction related to bitcoin reserves to date, and this SPAC will contribute an additional approximately $200 million depending on redemption conditions.

ZOOZ completes $5 million first round private placement, plans to use 95% of funds to build bitcoin reserves

Nasdaq and Tel Aviv dual-listed company ZOOZ has completed a $5 million private placement, pricing each share (or pre-paid warrants) at $2, with each share accompanied by two warrants with an exercise price of $3.06. This round is the first phase of its total $180 million private placement; pending shareholder approval for the remaining financing, the company plans to use approximately 95% of the funds to establish bitcoin reserves, becoming the first dual-listed company to implement a long-term BTC treasury strategy.

Centralized Finance

Tether leads €30 million financing for Spanish crypto exchange Bit2Me

Tether, through its subsidiary Tether Ventures, has led a €30 million (approximately $35 million) financing for the Spanish crypto exchange Bit2Me, acquiring a minority stake. Bit2Me has been authorized by the Spanish securities regulator to become the first Spanish-speaking fintech company to obtain an EU MiCA license and plans to use this round of funding to expand its presence in the Latin American market, focusing on Argentina. Existing shareholders include large Spanish institutions such as Telefónica, BBVA, and Unicaja. The specific shareholding ratio and valuation of the transaction have not been disclosed.

MEXC Ventures invests in Indonesian crypto exchange Triv, valued at $200 million

MEXC's investment division, MEXC Ventures, has made an undisclosed investment in the Indonesian crypto exchange Triv, valuing the company at $200 million as part of its Southeast Asia expansion strategy. Founded in 2015, Triv claims to have over 3 million registered users and holds licenses for spot trading, staking, and futures business. The platform states that it is "fully regulated" by Indonesia's Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (BAPPEBTI). Triv has not previously disclosed any institutional financing situations, and it is unclear whether MEXC's transaction is its first external financing.

Investment Institutions

pSTAKE Foundation launches $50 million AI-Web3 Innovation Fund, now open for applications

The pSTAKE Foundation has announced that its $50 million AI-Web3 Innovation Fund is now officially open for applications. The project aims to accelerate research, development, and collaboration in the cutting-edge fields of generative artificial intelligence and decentralized networks. The fund focuses on five strategic areas: 1. Decentralized generative agents: fully on-chain autonomous AI entities; 2. On-chain provenance: transparent ownership of datasets, models, and agent outputs; 3. Market layer for AI assets: valuation, exchange, and collateralization protocols; 4. Programmable creative engines: AI channels for dynamic multimedia; 5. Secure, composable infrastructure: secure and scalable building blocks for interoperable AI-Web3 systems.

Scenius Capital completes $20 million new fundraise, focusing on supporting emerging crypto VCs

Scenius Capital has announced the completion of a slightly oversubscribed $20 million new fund, focusing on investing in emerging crypto venture capital funds. The company stated that the fund will support early-stage managers with domain, regional, or ecosystem advantages. ParaFi has strategically invested in Scenius Capital and will provide funding support for its business line expansion and token capital market consulting. Scenius Capital claims that despite the challenging market environment, it has still received support from several crypto-native LPs and will continue to focus on small, first-time, or second-time managers.

Victus Global launches $10 million fund to support low-market-cap blockchain projects

Crypto-native fund Victus Global has announced the establishment of a $10 million investment fund aimed at supporting low-market-cap blockchain projects that have market fit. The fund primarily targets projects within Victus Global's internal strategic partner network, ecosystem projects that have benefited from its token services and over-the-counter investments, as well as external projects that can integrate into its trading, hedging, or Web3 infrastructure pipeline.

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