According to incomplete statistics from Odaily Planet Daily, there were 20 blockchain financing events announced at home and abroad from June 24 to June 30, which was a decrease from last week's data (21). The total amount of financing disclosed was approximately US$288 million, a significant increase from last week's data (US$128 million).
Last week, the project that received the most investment was Bitcoin mining company Hut 8 ($150 million); followed by Rollup deployment platform Conduit ($37 million).
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and M&A events; 3. * indicates a "traditional" company whose business involves blockchain):
Hut 8 announces completion of $150 million strategic financing, with Coatue participating
Hut 8, a bitcoin mining company, announced today that it has entered into a definitive agreement with funds managed by Coatue Management, LLC (“Coatue”) for Coatue to invest $150 million in the company through convertible notes. Hut 8 intends to use this capital and Coatue’s ability to develop and operate complex energy infrastructure to vigorously develop the AI infrastructure market.
Rollup deployment platform Conduit completes $37 million Series A financing, led by Paradigm and Haun Ventures
On June 26, the Rollup deployment platform Conduit announced the completion of a US$37 million Series A financing round, led by Paradigm and Haun Ventures, with participation from Bankless Ventures, Coinbase Ventures and others. It is reported that since its launch, Conduit has helped teams such as Degen and Proof of Play build their first L3.
Artificial intelligence DApp project Ora completes $20 million in financing, with participation from Polychain, SevenX and others
On June 26, the artificial intelligence Dapp project Ora announced the completion of a $20 million financing, with participation from Polychain, SevenX Ventures, HF 0 and Hashkey Capital. It is reported that Ora is a blockchain project that integrates artificial intelligence into decentralized applications (DApp).
MegaETH developer MegaLabs completes $20 million seed round led by Dragonfly
On June 28, MegaETH developer MegaLabs announced the completion of a $20 million seed round of financing, led by Dragonfly, with participation from Figment Capital, Robot Ventures, Big Brain Holdings, as well as Vitalik Buterin, ConsenSys founder and CEO Joseph Lubin, EigenLayer founder and CEO Sreeram Kannan, ETHGlobal co-founder Kartik Talwar, Helius Labs co-founder and CEO Mert Mumtaz, Santiago Santos, Hasu and Jordan Fish (also known as Cobie) and other angel investors.
Crossover Markets Completes $12 Million Series A Funding, Led by Illuminate Financial and Others
On June 26, digital asset trading company Crossover Markets completed a $12 million Series A financing round led by Illuminate Financial and DRW Venture Capital, with participation from Flow Traders, Laser Digital, Two Sigma, Wintermute and others.
Web3 entertainment and gaming platform Redacted completes $10 million in financing, with Animoca Brands and others participating
On June 26, Web3 entertainment and gaming ecosystem Redacted completed a $10 million financing round led by Spartan Group, with participation from Saison Capital, Animoca Brands, and Polygon Ventures.
Decentralized cross-chain oracle AnchorZero completes $8 million seed round of financing, led by Bain Capital and Spark Capital
On June 28, AnchorZero, a decentralized oracle network developer, announced the completion of an $8 million seed round of financing led by Bain Capital Crypto and Spark Capital, with participation from Ethereal Ventures, Robot Ventures, Mischief Fund, Pascal Capital, and Sarah Meyohas. The specific valuation information has not been disclosed yet.
Net Zero announces completion of USD 5.5 million seed round financing, with participation from Oilinvest and others
On June 24, Swedish carbon removal startup Net Zero Company announced the completion of a $5.5 million seed round of financing, with investors including Oilinvest, VARO Energy and SilviCarbon. The company will use the funds to support global expansion and launch a new product suite, including real-world asset-backed tokens "Carbon Removal Tokens".
Modular entertainment blockchain XProtocol completes $5.2 million strategic round of financing, with participation from CoinFund and others
On June 27, modular entertainment blockchain XProtocol announced the completion of a $5.2 million strategic round of financing on the X platform, with participation from CoinFund, Dragonfly, Razer, etc. XProtocol uses Superchain technology to build on Base. It is reported that XProtocol has also launched Xardian Nodes, which will help decentralize the XProtocol network.
Covalent Launches New Brand Image and Completes $5 Million Strategic Financing Led by RockTree Capital
On June 27, Covalent Network (CQT) announced the completion of a $5 million strategic financing round to drive market growth in the second half of 2024. This round of financing was led by RockTree Capital, and well-known Asian investors including CMCC Global, Moonrock Capital and Double Peak Group participated.
On-chain abstract intent engine ENSO completes $4.2 million in financing, led by Ideo Ventures and others
On June 25, the on-chain abstract intent engine ENSO announced the completion of a US$4.2 million financing round, led by Ideo Ventures and Hypersphere, with the participation of more than 60 angel investors. It is reported that the funds raised will be used for the launch of the Cosmos-based L1 blockchain this year and continued product development.
ZK proof incentive network NovaNet completes $3 million financing, led by Finality Capital
On June 25, ZK proof incentive network NovaNet announced on the X platform that it had completed a $3 million financing round, led by Finality Capital, with participation from Arrington Capital, Avalanche Foundation, Builer Capital, Caballeros Capital and other institutions.
Decentralized AI network Allora completes $3 million strategic round of financing, with participation from Delphi Ventures and others
On June 25, Allora Labs (formerly Upshot, focusing on NFT evaluation) completed a US$3 million strategic round of financing, with participation from Archetype, Delphi Ventures, CMS Holdings, ID Theory and DCF God.
Bitcoin analysis startup Rebar completes $2.9 million seed round led by 6th Man Ventures
On June 27, Bitcoin analysis startup Rebar announced the completion of a $2.9 million seed round of financing, led by 6th Man Ventures, with participation from ParaFi Capital, Arca, Moonrock Capital and UTXO Management. The new funds will be used to build the first Bitcoin-based MEV product.
Solana's eco-golf project GolfN completes $1.3 million in financing, with CitizenX and others participating
On June 27, the Solana eco-golf project GolfN announced the completion of a $1.3 million financing round, with participation from CitizenX, Fourth Revolution Capital, Nom, etc. It is reported that the project aims to create a P2E mechanism for physical golf.
Solana Ecosystem DePIN Project Shaga Completes $1 Million Angel Round of Financing, Led by Arca
On June 25, Solana ecosystem DePIN project Shaga announced the completion of a $1 million angel round of financing, led by Arca, with participation from Skybridge 20 Ventures, Quotient Ventures, MARIN DIGITAL VENTURES, Helium founder Amir Haleem, Bluzelle co-founder and CEO Pavel Bains and other angel investors.
Blast Ecosystem Trading Marketplace Fenix Completes $300,000 Seed Round Financing, Led by Orbs
On June 27, Fenix, a Blast ecosystem trading market, completed a $300,000 seed round of financing, led by Orbs. Fenix said it will soon deploy the Fenix Liquidity Hub powered by Orbs L3, allowing Blast users to optimize token swap prices by combining on-chain and off-chain liquidity.
Infrared Completes New Round of Financing, Binance Labs Participates in the Investment
On June 24, Berachain ecosystem liquidity staking protocol Infrared Finance announced the completion of a new round of financing, with Binance Labs participating in the investment. The specific amount has not been disclosed yet.
Cross-chain e-sports metaverse game Elfin Metaverse completes strategic round of financing, Manta Foundation participates in the investment
On June 25, the cross-chain e-sports metaverse game Elfin Metaverse completed a strategic round of financing, with the Manta Foundation participating in the investment. The specific amount of financing has not been disclosed yet. Elfin Metavers is also the successful applicant for Manta's $50 million ecological fund.
Crypto trading solution TDMM completes seed round of financing, Blockchain Founders Fund participates
On June 27, crypto trading solution TradeDog Market Management (TDMM) announced the completion of its seed round of financing, with participation from Blockchain Founders Fund (BFF) and well-known Wall Street investor Anthony Scaramucci. The specific amount has not been disclosed. TDMM mainly provides crypto income and investment exit services to institutional clients, involving liquidity, funds and inventory management in the fields of Defi, GameFi and infrastructure.