According to Foresight News, there were 21 investment and financing events in the crypto market from October 19, 2024 to October 25, 2024, including 7 in tools and infrastructure, 4 in DeFi, 3 in asset management, 3 in blockchain games and NFT, and 4 in Web3. The total amount of investment and financing disclosed was approximately US$93 million.
Summary of total disclosed financing amount and financing number at weekly level:
This week's investment and financing projects are sorted by financing amount as shown below:
This week, there were three multi-million dollar financings, including a $15 million Series A financing for social media startup Bluesky, led by Blockchain Capital; a new round of financing of $10 million for Web3 data flow and infrastructure company Validation Cloud; and a $10.3 million seed round for Arbitrum ecosystem derivatives trading protocol Variational.
Among the investment and financing segments, the tools and infrastructure sectors were relatively hot this week, while the asset management sector was relatively sluggish.
In terms of institutions, active institutions this week include Blockchain Capital, Coinbase Ventures and Foresight Ventures, which mainly focus on tools and infrastructure.
Tools and Infrastructure
a16z invests in Infinitus, an AI platform that automates medical calls and collects data
nfinitus’ purpose-built AI platform for automating healthcare calls and data collection will accelerate patient access to care while reducing costly staff turnover and improving the quality of data capture.
Skyfire increases seed round to $9.5 million
Skyfire is an AI-powered crypto payments network founded by two former Ripple executives.
Validation Cloud Completes $10 Million in New Funding
Validation Cloud is a Web3 data flow and infrastructure company.
Ordzaar Completes $2 Million Seed Round
Ordzaar is a decentralized marketplace for Ordinals. Ordzaar announced that its SocialFi-powered rune ZAAR will distribute 42% of the total tokens to users through the first season airdrop event and the upcoming second season, and 10% of the tokens will be allocated to major strategic investors with a 28-month unlock period.
B² Network Completes New Round of Financing
The funds from this round of financing will be used to optimize the performance of B² Network, enrich the B² Network ecosystem, support the ecological fund Squared Ventures, explore more BTCFi opportunities, and expand B² Network's influence in the global market.
Bitcoin re-staking platform Echo completes Pre-Seed round of financing
Echo is the Bitcoin liquidity re-pledge infrastructure layer on MoveVM, designed to bring BTC liquidity and re-pledge solutions to the Move ecosystem.
ZEROBASE Completes $5 Million Financing
ZEROBASE is a live ZK proof network launched by Salus.
DeFi
Arbitrum Ecosystem Derivatives Trading Protocol Variational Completes $10.3 Million Seed Round
Variational’s first application is Omni, a retail-focused perpetual futures trading platform. Omni is currently live on Arbitrum Sepolia’s testnet and will be available on Arbitrum One after the mainnet launch.
Decentralized trading platform BulbaSwap completes $1.3 million seed round of financing
BulbaSwap is the first decentralized trading platform on Morph, focusing on providing users with low-latency, high-throughput and low-cost crypto asset trading experience, and aims to provide sufficient liquidity for consumer applications and Meme tokens in the Morph ecosystem.
Fluid Protocol, the developer of the Fuel network stablecoin USDF, completes $3.9 million in seed round financing
Fluid will launch the native stablecoin USDF of the Fuel network. In addition to the seed round funding, Fluid has previously received direct investment and funding from Fuel Labs. The Fluid team was founded by David Mass and Meir Bank, who previously worked at Citibank and AngelDAO.
Azura Completes $6.9 Million Seed Round
Azura is a DeFi platform.
Asset Management
Hata Completes $4.2 Million Seed Round
Hata is the fifth licensed digital asset exchange in Malaysia.
Luxembourg digital securities market STOKR completes $7.98 million in financing
STOKR said it will follow MicroStrategy's strategy and actively expand its Bitcoin reserve in the next few years. In addition, it also plans to launch Bitcoin-based tokenized assets and develop institutional tokenization infrastructure on native Bitcoin Layer 2 technology (such as Liquid Network).
Blockchain payment company Borderless.xyz completes $3 million in financing
Borderless.xyz develops payment infrastructure that supports global money transactions between stablecoins, real-world assets and other “internet native currencies” and fiat currencies.
NFT and blockchain games
DMM Crypto, DMM's blockchain game and NFT division, completes new round of financing
DMM Crypto has also established a strategic partnership with Presto, a Singaporean quantitative trading firm and liquidity provider. DMM Crypto will launch the (Kampani Girls RE:BLOOM) game in October 2024 and plans to launch multiple blockchain games in the future.
Opti Games Completes $2 Million in Financing
Opti Games is a Web3 game developer.
Party Icons Completes $9 Million Seed Round
Party Icons is a Web3 mobile gaming platform.
Web3
Karpatkey Completes $7 Million in Financing
Karpatkey is a DAO fund management solution provider.
Social media startup Bluesky completes $15 million Series A funding round led by Blockchain Capital
Bluesky is a social media startup that will not currently integrate cryptocurrencies, NFTs, or other blockchain-based technologies into its platform.
Web3 fitness app Moonwalk completes $3.4 million seed round
Moonwalk “gamifies” fitness, and users who set up challenges can specify parameters, including how many days the competition lasts, the daily step goal, and how much money each player must deposit to participate. Players can submit USDC, Solana, or Bonk deposits.
Craftt Completes $2 Million Seed Round
Craftt aims to address workforce challenges in new ways through an integrated decentralized platform that will provide universal benefits, simplify global payments and finances, and address compliance needs through the use of verifiable credentials.
other
Borderless Capital Launches $50 Million LATAM Fund to Focus on Latin American Web3 Projects
Borderless Capital launches a $50 million LATAM fund focused on Web3 projects in Latin America, with participation from Matias A., head of finance and investments at the Avalanche Foundation.
