Blockchain startups secured $150.9 million in recent days. Partior’s $60 million series B announcement was the largest round of the past week, signaling robust investment in the crypto space.
The blockchain sector witnessed a significant influx of capital this week, with 22 startups securing a total of $150.9 million in various funding rounds, according to Crypto Fundraising.
You can see the funding breakdown for this week in the table below:
Crypto fundraising July 07-13 | Source: Crypto Fundraising Biggest funding round: Partior, $60 million
Leading the pack, Partior raised $60 million in a Series B funding round to improve its global unified ledger-based interbank rails for real-time clearing and settlement.
Peak XV Partners spearheaded the round. Valor Capital Group and Jump Trading Group also participated with existing investors such as J.P. Morgan, Standard Chartered, and Temasek.
Partior, a fintech firm, aims to use the funds raised in the round to expand its international network and integrate more currencies into its platform. It currently supports the U.S. dollar, euro, and Singapore dollar.
The company’s technology is already in use by major banks like DBS, J.P. Morgan, and Standard Chartered to facilitate payment flows.
RedStone Oracles, $15 million
Elsewhere, RedStone Oracles secured $15 million in a series A round to advance its modular blockchain oracle solution.
RedStone is excited to announce a $15M Series A fundraising round, led by @Arrington_Cap to expand its Modular Oracle product ♦️🧵 pic.twitter.com/d8wNIJ0uPr
— RedStone Oracles ♦️ (@redstone_defi) July 2, 2024
Serial crypto VC funder Arrington Capital led the round, which saw contributions from Spartan, IOSG Ventures, and other prominent investors.
Founded in 2021 during the Arweave incubation program, RedStone has rapidly gained traction, now boasting over 100 clients and securing $4 billion in value.
The company’s Oracle products aim to reduce gas fees for decentralized applications on Ethereum Virtual Machine (EVM) and rollup-as-a-service (RaaS) networks.
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SendBlocks, $8.2 million
Another big winner in this week’s crypto VC funding was Israeli startup SendBlocks, which specializes in blockchain data management.
The company raised $8.2 million in seed funding led by Castle Island Ventures. The round also featured participation from other VCs, including Pitango, Illuminate Financial, Laser Digital, and Starkware.
SendBlocks’ platform allows blockchain enterprises to define critical data and leverages its technology to extract valuable insights from the blockchain.
Other notable fundraises
Tabi (formerly Treasureland): Raised $16.1 million in a public sale round. Tabi is a decentralized marketplace for NFTs featuring trading, a launchpad, and a gaming platform.
In a June 14 post on X, the company indicated that it raised a whopping $5 million in just the first hour of its public token sale.
Tabi Token Public Sale Officially Ended🟧 1,500 ETH ($5 million) raised in the FIRST HOUR🟧 4,576 ETH ($16.08 million) total raisedWe couldn't have done this without the support of each and every one of you. Thanks to our vibrant community!But our work is far from over.… pic.twitter.com/eIm7tYS24U
— 𝗧𝗮𝗯𝗶 🎮 (@Tabichain) June 14, 2024
ZAP: Secured $15 million from investors, including Rarestone Capital and Cypher Capital. ZAP focuses on reputation-based token distribution to reward user contributions and is expanding its protocol to other blockchains.
The project says it will use the funds to help solve key issues in the airdrop and launchpad space, as well as spread its services to new locations and blockchains.
⚡ ZAP Official Raise Announcement ⚡ZAP is thrilled to announce a successful $15M funding round, led by @Rarestonecap, @Cypher_capital, and @ShardingCapital, with support from @presto_labs and @Auros_global plus industry angels including @lawmaster, Chelsea Jiang of… pic.twitter.com/pfBCgJjrG2
— ZAP ⚡️ (@zaponblast) July 12, 2024
Rome Protocol: Emerged from stealth with $9 million in funding from top-tier crypto VC firms like Hack VC and P2 Ventures.
Rome Protocol aims to use Solana (SOL) as an auxiliary network for Ethereum (ETH) layer-2 blockchains, thereby enhancing efficiency without compromising user experience.
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