Compiled by: Golden Finance
This week’s largest funding rounds
Huma Finance has raised $38 million in a round of funding from investors including Distributed Global, Hashkey Capital, Folius Ventures, Stellar Development Foundation (SDF) and Tibas Ventures. Huma Finance is a decentralized finance protocol (DeFi) that allows borrowing based on cash flow rather than tokens. Borrowing can be collateralized by accounts receivable such as payroll or invoices.
Pre-seed and seed round investments
Eigenpie has raised an undisclosed amount in a seed round from investors including Arbitrum Foundation, Robot Ventures, PancakeSwap, Relayer Capital, and Sam Kazemian. Eigenpie is a restaking SubDAO designed to maximize the yield potential of Liquid Staked Token (LST) holders. By allowing users to re-stake assets on its platform, Eigenpie provides a liquid restaked version of each accepted LST, effectively isolating the risks associated with specific tokens. This modular approach provides users with a safe and efficient way to compound interest while mitigating risk and maintaining asset flexibility.
Wingbits has raised $3.5 million in a seed round from investors including Borderless Capital, Tribe Capital, and Antler. Wingbits is a tokenized, community-driven flight tracking network that improves aviation safety and efficiency by using Automatic Dependent Surveillance-Broadcast (ADS-B) technology. Members contribute real-time flight data, help improve air travel, and are rewarded with tokens. This decentralized platform enables users to play a key role in global flight monitoring and the development of the future of aviation.
Titan Network has raised an undisclosed amount in a seed round of funding from investors including Arrington Capital and DePIN X. Titan Network is a decentralized platform that connects idle community resources such as computing, storage, and bandwidth with global demand. It provides a low-cost, environmentally friendly, and highly secure system for distributed digital services, supporting the construction of a decentralized value internet. Through blockchain and DePIN technology, Titan ensures privacy, fast transmission, and self-healing mechanisms to ensure continuous availability. Its open source approach allows anyone to participate and benefit from this ecosystem while rewarding participants and improving data security and accessibility.
Titan raised $3.5 million in pre-seed funding from Round13 Digital Asset Fund. Titan is a next-generation decentralized exchange (DEX) aggregator built on the Solana blockchain that aims to optimize liquidity and improve the trading experience. Titan aggregates decentralized exchanges to provide traders with the best prices, focusing on security and performance.
Carrot raised $600,000 in pre-seed funding from investors including Syndicate by Boogle, Dead King Society (DKS), DRiP, ChartFuMonkey, Nom, and Iced Knife. Carrot is a Solana-based DeFi platform that simplifies passive income and optimizes stablecoin returns by providing a unified yield token. It ensures that users receive the highest average annualized rate of return (APR) by rebalancing funds across multiple lending protocols. Carrot's tokens can be tracked directly from the wallet without visiting the website, and its algorithm reduces risk by spreading risk across multiple strategies and assets.
Hyperbridge Protocol has raised $2.5 million in a seed round from investors including Web3 Foundation (W3F) and Scytale Digital. Hyperbridge Protocol is a decentralized co-processor model designed to enable secure and scalable cross-chain communication. It verifies multiple blockchain proofs off-chain and reports them back on-chain with cryptographic guarantees, thus solving the scalability limitations of direct on-chain proof verification. By aggregating the final states of multiple chains into a single proof, Hyperbridge allows any blockchain to interoperate trustlessly. It also introduces a permissionless incentivized relayer network to transmit messages across chains without whitelisting or staking.
GasHawk raised $1.6 million in pre-seed funding from investors including AppWorks, Red Beard Ventures, Alchemy Ventures, 3SE Holdings, AVID3, Artemis Capital, Andromeda Capital, Roneil Rumburg, Vinny Lingham, The Crypto Dog, and Scott Keto. GasHawk helps Ethereum users save gas fees by optimizing the time to send transactions. Users send signed transactions to GasHawk, which holds the transactions in a queue until gas prices drop. It uses historical data and insights from EIP-1559 to develop submission strategies, and users can also use Flashbots Protect to avoid miner extractable value (MEV). GasHawk simplifies the process, providing more predictable savings and reducing manual adjustments.
Ammalgam raised $2.5 million in seed funding from investors including Lightspeed Faction, Framework Ventures, Dewhales Capital, NGC Ventures (NEO Global Capital), Blockchain Founders Fund (BFF), Nabais Capital, Robot Ventures, Bodhi Ventures, Moonrock Capital, Selini Capital, CSP DAO, Kain Warwick, Anton Bukov, and Spencer Noon. Ammalgam is a DeFi protocol that combines lending and trading, synthesizing yield streams while improving capital efficiency and unlocking unlimited strategies for market makers. Permissionless pair lending allows traders to short anything, bringing DeFi to unprecedented heights.
Fountain Platform raised $3.5 million in a seed round from investors including Foundation Capital, UOB Venture Management, Caladan, Alliance DAO (formerly DeFi Alliance), Primal Capital, NGC Ventures (NEO Global Capital), MHC Digital Finance, Druid Ventures, Blockchain Founders Fund (BFF), Marin Digital Ventures, Firsthand Alliance, Rene Reinsberg, and Nathan McCauley. Fountain is a non-custodial multi-chain operating system designed to simplify fund management, risk, and trading operations. It integrates custodial accounts, exchanges, wallets, and dApps into a single interface, allowing enterprises to securely manage workflows and delegate access without sharing private keys. Its code-free automation builder enables users to efficiently manage complex tasks across blockchains. Fountain also provides an audit trail for compliance, ensuring secure and transparent operations.
Syrupal Protocol raised $3.8 million in a seed round of funding from undisclosed investors. Syrupal is a decentralized options exchange that offers structured financial products that combine the advantages of centralization and decentralization to create a seamless user experience. It offers options for major cryptocurrencies such as BTC and ETH, diverse trading strategies, and powerful risk management tools. Syrupal's gas-efficient settlement and multi-chain expansion (starting with Arbitrum and TON networks) enable users to flexibly trade and hedge market risks. Its Apiary Bot further simplifies options trading for the TON ecosystem, providing a beginner-friendly platform.
Open Forest Protocol (OFP) has raised an undisclosed amount in a seed round from investors including Ubermorgen Ventures, Backbone Ventures, GS Futures, Near Foundation, and Fondation Valery. Open Forest Protocol (OFP) is a blockchain-based platform designed to enable transparent measurement, verification, and funding of reforestation projects. By leveraging blockchain technology, OFP ensures accurate and affordable verification of carbon data for climate projects around the world. This provides projects with access to carbon financing and other resources, which is critical to addressing climate change. The platform fosters collaboration and trust among stakeholders, ensuring real-time accountability for reforestation efforts.
Universal Health Token raised $1.2 million in pre-seed funding from investors including Animoca Brands, Tezos Foundation, and P2 Ventures (Polygon Ventures). Universal Health Token (UHT) is a gamified health platform developed by GOQii's Web3 business unit. It uses blockchain technology to incentivize preventive healthcare, encouraging users by providing rewards for healthy lifestyle choices. UHT offers exclusive NFTs, event access, and discounts on health products as motivation for improving habits. By fusing health and technology, UHT reshapes users' perceptions of health and aims to fight chronic diseases and promote healthier living through engaging and immersive experiences.
DRiP raised $8 million in seed funding from investors including NFX, Progression Fund, and Coinbase Ventures. DRiP is a digital gift NFT project built on the Solana blockchain. It focuses on creating a Web3 content distribution platform that empowers creators and provides free digital gifts from famous content creators.
PIN AI has raised $10 million in pre-seed funding from investors including a16z Crypto Startup Accelerator (CSX), Hack VC, Anagram, Blockchain Builders Fund (BBF), Symbolic Capital (formerly Hyperedge Capital), Dispersion Capital, Alumni Ventures (AVG), Foresight Ventures, Nomad Capital, J17 Capital, Illia Polosukhin, Lily Liu, Scott Moore, Cristian Manea, and Ben Fisch. PinAI is a platform that uses artificial intelligence and data analytics to optimize supply chain operations. Through advanced forecasting, automation, and real-time insights, PinAI helps companies improve efficiency, reduce operating costs, and streamline processes. The platform is suitable for industries with complex supply chains, providing tools to more effectively manage logistics, demand planning, and inventory control.
t1 protocol raised $2.5 million in pre-seed funding from investors including a16z Crypto Startup Accelerator (CSX), PNYX Ventures, Meltem Demirors, TokkaLabs, Sam Kazemian, Amir Bandeali, Jed Breed, Eric Chen, and Kartik Talwar. t1 Protocol is an Ethereum-based decentralized platform that processes encrypted user transactions through validators and workers. It uses zk-rollup technology to ensure privacy, integrity, and efficient execution. t1 contracts verify proofs, update balances, and bundle transactions, reducing gas fees through a data availability layer while maintaining transparency.
Blocksense Network raised $4 million in seed funding from investors including Permutation, a16z Crypto Startup Accelerator (CSX), Public Works, Tykhe Block Ventures, Selini Capital, MH Ventures, and Daedalus. Blocksense is a fully decentralized, permissionless oracle network that uses zero-knowledge circuits to efficiently scale oracle data. It allows any developer to create secure data feeds at minimal cost. Blocksense is committed to solving the high-cost, centralized, and opaque business model problems in traditional oracle networks, providing decentralized, transparent, and flexible solutions that can be used on all blockchain networks. At the same time, it uses advanced cryptographic methods to enhance security and prevent data tampering.
Other investment rounds
Derive (ex Lyra) raised an undisclosed amount in an angel round from investors including DCF God, Georgios Vlachos, LayerZero Core, Leptokurtic, Xinshu Dong, and Daryl Lau. Derive is a decentralized protocol designed to create programmable on-chain options, perpetual contracts, and structured financial products. It is built on Derive L2, an Ethereum Rollup based on OP Stack and governed by a DAO. The protocol adopts a modular architecture to enable flexible upgrades. It uses subaccounts, assets, and managers to ensure efficient trade execution, risk management, and liquidity optimization. By supporting perpetual futures, European options, and wrapped ERC20 assets, Derive enables users to participate in decentralized trading and lending markets while improving capital efficiency and security.
BTA Protocol raised an undisclosed amount in Series A funding from Crypto Labs. BTA Protocol is a decentralized ecosystem based on the Bitcoin blockchain that provides a range of applications that enhance user interaction with digital assets. The protocol includes features such as staking, liquidity provision, reward sharing program (RSP), Launchpool, and lending protocols.
Infinit raised $6 million in a round of funding from investors including Electric Capital, Mirana Ventures, Hashed, Maelstrom, Lightspeed Faction, Robot Ventures, Nomad Capital, Tangent Ventures, Presto Labs, Bankless Ventures, Selini Capital, Michael Egorov, and Ashwin Ramachandran. NFINIT is a DeFi abstraction layer designed to simplify the process of launching and scaling DeFi protocols. It enables developers to create DeFi applications on all L1, L2, and modular blockchains, all using TypeScript, without Solidity or complex coding. INFINIT provides the basic building blocks of DeFi protocols, such as money markets, DEXs, and yield farms, providing developers with more liquidity and users.
OpenEden has raised an undisclosed amount in a funding round led by Binance Labs Fund. OpenEden provides on-chain access to tokenized U.S. Treasuries, providing a low-risk, high-liquidity solution for Web3 CFOs, DAO financial managers, and institutional investors. As the largest issuer of tokenized U.S. Treasuries in Asia and Europe, OpenEden's $TBILL token is fully backed by a British Virgin Islands registered fund. The platform brings real-world assets to DeFi, aiming to make these assets accessible and drive economic inclusion.
Fuse (Project Zero) raised $12 million in a strategic round of funding from investors including Multicoin Capital, Balderton Capital, Lakestar, Accel, Creandum, Lowercarbon Capital, Ribbit Capital, Box Group, and Anatoly Yakovenko. Fuse is a decentralized renewable energy network that provides distributed energy resource (DER) installation, energy trading, and electricity retail services. Through its subsidiary Fuse Energy, it operates as a vertically integrated electricity retailer. Fuse is also promoting Project Zero, a decentralized physical infrastructure network focused on renewable energy. Its goal is to empower communities and individuals to generate, trade, and manage energy, promoting a cleaner and more efficient energy ecosystem.
Gradient Network has raised an undisclosed amount in a funding round from investors including Multicoin Capital, Sequoia Capital, and Pantera Capital. Gradient Network is a decentralized protocol dedicated to transforming computing power and staking solutions across blockchain networks. By focusing on interoperability, Gradient enables liquid staking and seamless connectivity between Ethereum, Solana, and TAO networks. Its platform leverages edge computing to decentralize cloud computing, providing accessible and affordable AI-driven solutions for content delivery, serverless functions, and AI inference. Gradient Network aims to reduce centralization and provide a powerful, privacy-enhanced computing infrastructure for the future.
Vektor has raised an undisclosed amount in M&A funding from Nirvana Labs. Vektor is a DeFi position management protocol that aims to simplify the decentralized finance experience for investors. It provides a universal interface driven by the Vektor eXecution Language (VXL) to simplify trading, manage positions, and automate tasks across multiple blockchains. Vektor helps investors reduce losses, maximize returns, and improve capital efficiency by aggregating data and automating operations without the need for complex internal systems.
MyShell raised an undisclosed amount in a funding round led by 071labs (Zero Seven One Labs). MyShell is a Web3-enabled AI platform that allows users to create personalized chatbots, called "Shells." Creators can generate AI content bots, while consumers can find and use these bots. The platform provides token rewards to creators and consumers. MyShell currently offers some features on Polygon, but plans to migrate its platform to opBNB, a Layer 2 network on the BNB chain that leverages Optimism's OP Stack or Optimistic rollups technology.
Nytro Lab (Castile) raised $8 million in a round of funding from investors including SevenX Ventures, OKX Ventures (formerly OKEx Blockdream Ventures), Aptos Labs, Matr1x, Hashkey Capital, Amber Group, and Leland Ventures. Nytro Lab is a Web3 game studio that advocates a "Play and Trade" model where players can freely generate and trade in-game assets. By integrating blockchain technology into the game economy, they aim to shift from traditional consumption models to investment-driven gameplay, enhancing user engagement and monetization. Nytro Lab's first game is the Cthulhu-style RPG "Castile".
Stakewithus has raised an undisclosed amount in a merger and acquisition (M&A) financing round from Nansen. Stakewithus is a decentralized staking-as-a-service platform that provides secure and reliable staking solutions for Proof-of-Stake blockchains. It allows users to easily stake their digital assets while benefiting from non-custodial infrastructure and secure node management. The platform supports multiple blockchains, enabling investors to earn staking rewards while maintaining control of their private keys. Stakewithus also provides educational resources and live support to ensure a smooth staking experience for all users.
BSX raised an undisclosed amount in a round of funding from HTX Ventures (formerly Huobi Ventures). BSX (Bermuda Stock Exchange) is an on-chain trading platform that provides perpetual futures trading. It is based on a decentralized blockchain infrastructure, ensuring low fees and deep liquidity for a seamless trading experience. Through features such as cross margin, low gas costs, and a customizable interface, BSX combines the efficiency of centralized exchanges with the security of decentralized exchanges to provide traders with a powerful and flexible trading engine.
Blum raised an undisclosed amount in a funding round from Binance Labs Fund. Blum is a hybrid exchange that provides seamless access to centralized and decentralized exchanges (CEX and DEX) through a single platform. It supports over 30 chains and allows users to trade without switching networks or paying native token gas fees. Blum offers a gamified experience through a Telegram mini-app with features such as an AI assistant, localized P2P trading, simple derivatives, and unified CEX/DEX trading. It also offers self-custody and MPC wallet options.
Cork Protocol raised an undisclosed amount in a funding round from investors including Orange DAO, FounderHeads VC, IDEO CoLab Ventures, Outliers Fund, Unbounded Capital, and Steakhouse Financial. Cork Protocol introduces a new DeFi primitive called Depeg Swap, which allows participants to trade risks associated with anchored assets, similar to credit default swaps (CDS) in traditional finance. It provides a mechanism for managing liquidity and credit risk in the on-chain credit market, helping to stabilize DeFi and reduce volatility. Cork aims to create basic risk management infrastructure to promote more institutional participation in the DeFi ecosystem.
Moku – raised $5.4M from Sky Mavis, a16z Games Speedrun, Arca Fund, Framework Ventures, 32bit Ventures, Big Brain Holdings, Flying Falcon, Contango Digital Assets, Formless Capital, Eden Holdings (ED3N Ventures), Bankless Ventures, Gabby Dizon, Jeffrey Zirlin, and Trung Nguyen.
Moku is a Web3 gaming platform that aims to connect players with gaming guilds, NFT casting pages, and gaming strategy communities. It enhances the user's interactive experience in the Web3 gaming ecosystem by providing tools and resources, helping users better navigate and participate in the rapidly developing blockchain gaming field.
Orange Cap Games (Vibes) - raised $2 million from investors including Igloo Inc., OSF, David Lee, Char, Loi Luu, Wizard of Soho, Bryan Pellegrino, Kun Gao, Ray Chan, Gabby Dizon, dingaling, Mando, 0xSisyphus, and Marc Weinstein.
Vibes is a hybrid digital and physical trading card game developed by Orange Cap Games, centered around the Pudgy Penguins IP. The game combines physical collectibles and digital gameplay to provide a unique experience for trading card enthusiasts. Players can collect, trade and interact with cards in both mediums, creating an immersive and interactive gaming environment that blends traditional and modern elements.