Compiled by Luan Peng, RootData
According to incomplete statistics from RootData, from December 30, 2024 to January 5, 2025, there were a total of 8 public financing events in the blockchain and crypto industry, with total financing of approximately $27.3 million.
From the distribution of sectors, the projects that received financing are mainly distributed in the infrastructure and Defi sectors. Popular projects include Layer2 network DataDance, Sui ecosystem liquidity staking protocol Haedal Protocol, blockchain data startup Accountable, and Bitcoin technology company JAN3.
Additionally, Bitcoin financial services company Fold announced it has completed a $20 million convertible bond financing provided by ATW Partners, and both parties have agreed to potentially provide an additional $10 million financing after the merger with FTAC Emerald.
(List of projects with financing greater than $5 million last week, data source: Rootdata)
One, Infrastructure
DataDance completes multi-million dollar seed round financing led by Hash Global
Layer2 network DataDance, focused on innovation in consumer data assets, has completed a multi-million dollar seed round financing led by Hash Global. The completion of this round of financing marks the beginning of DataDance's efforts to build the world's largest decentralized data asset service and trading platform in Web3, co-creating the Web3 business ecosystem with Hash Global.
Hash Global stated that the DataDance team previously founded China's largest digital asset trading platform Unique Art and has a deep understanding of the RTB (programmatic advertising) and digital asset industry, optimistic about using blockchain to connect numerous brands and help them in the assetization of consumer data, achieving decentralized trading of global consumer data assets.
DataDance CEO Geoffrey Tong stated that the trading of data assets is currently highly monopolized by internet giants, resulting in high global traffic costs. DataDance has the ability to change this industrial structure, allowing the trading of data assets to evolve from centralized monopoly to a parallel of centralized and decentralized, injecting new momentum into Web3 business innovation.
Two, Defi
Sui ecosystem liquidity staking protocol Haedal Protocol completes seed round financing with participation from Hashed and others
According to official news, the Sui ecosystem liquidity staking protocol Haedal Protocol announced it has completed a seed round financing, with specific amounts undisclosed. Investors participating in this round include Hashed, Comma3 Ventures, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Dewhales Capital, Cetus, Scallop, and others. Haedal will leverage this financing and new resources to support further development of its liquidity staking infrastructure and on-chain yield products focusing on the Sui ecosystem.
According to Web3 asset data platform RootData, Haedal is a liquidity staking protocol based on Sui that allows anyone to stake their Sui tokens to facilitate governance and decentralization of the Sui blockchain. At the same time, users will receive haSUI as a reward, allowing them to continue participating in DeFi activities for additional earnings.
Binance Labs announces investment in THENA
Binance Labs announces investment in THENA, a decentralized exchange (DEX) and liquidity protocol based on BNB Chain.
Funds will be used to accelerate the development and expansion of the THENA platform, enhance security measures, increase user acquisition efforts, strengthen partnerships and collaborations within the BNB Chain ecosystem, and drive DeFi innovation.
Three, Data & Analysis
Blockchain data company Accountable completes $2.3 million seed round financing, led by MitonC and Zee Prime Capital
According to The Block, blockchain data startup Accountable recently completed a $2.3 million seed round financing. This round was co-led by MitonC and Zee Prime Capital, with angel investors including Darius Rugys of Maven 11 and DCBuilder from Worldcoin Foundation participating.
The company is developing a privacy-centric data platform that verifies borrowers' assets, liabilities, and transaction risk exposure in real-time. Users can connect accounts such as custodians and exchanges to the dashboard to generate credit risk reports for lenders to review. Accountable plans to further finance in 2025.
Four, Others
Bitcoin technology company JAN3 completes $5 million seed round financing, led by Fulgur Ventures
According to official news, Bitcoin technology company JAN3 announced it has completed a $5 million seed round financing led by Fulgur Ventures, with participation from Grupo Salinas, Tether, Lightning Ventures, East Ventures, Plan B Fund, Bitcoin Opportunity Fund, and NYDIG. As part of the current seed financing, JAN will allocate $1 million to establish a Bitcoin treasury, including 12 BTC, with an average cost of $83,333.33 per BTC.
According to Web3 asset data platform RootData, JAN3 is a Bitcoin technology company founded by former Blockstream Chief Strategy Officer Samson Mow, aimed at accelerating Bitcoin adoption. JAN3 has taken over Blockstream's crypto wallet AQUA, Bitcoin and Liquid mobile wallets, and NFT marketplace Raretoshi. The company has signed a memorandum of understanding with the Salvadoran government to provide digital infrastructure for the country and Bitcoin City.
Insiders: FalconX is in talks to acquire crypto derivatives startup Arbelos
According to Bloomberg, digital asset trading and brokerage firm FalconX is in advanced negotiations to acquire Arbelos Markets, a derivatives startup founded by two veterans of the crypto industry in 2023.
Insiders revealed that this transaction will be financed through a combination of cash and FalconX stock, and is expected to be announced in the coming days. It remains unclear how this transaction will impact Arbelos's valuation.
Bitcoin financial services company Fold announces $30 million convertible bond financing to drive growth and product development
Bitcoin financial services company Fold announces it has completed $20 million convertible bond financing provided by ATW Partners, and both parties have reached an agreement to potentially provide an additional $10 million financing after the merger with FTAC Emerald.
This financing is secured by company assets (including a portion of Bitcoin), and the bonds will mature three years after Fold becomes a publicly listed company, converting into common stock of the merged company at a fixed conversion price of $11.50 per share.
Fold stated that the initial $20 million will be used to support growth plans and accelerate product development, while the remaining $10 million will provide more capital flexibility after the business merger with FTAC Emerald.
