According to incomplete statistics from CoinVoice, more than 16 blockchain project financing cases were announced this week (June 24-June 28). MegaETH developer MegaLabs announced the completion of a $20 million seed round of financing, led by Dragonfly, which was the largest financing event this week. Other popular projects include Solana Ecosystem DePIN project Shaga, digital asset trading company Crossover Markets, and artificial intelligence Dapp project Ora. In the sub-sectors, this week's investment and financing amounts were concentrated in the infrastructure sector. The following is a list of this week's financing events.
Blockchain infrastructure company Covalent completes $5 million in funding
Blockchain data infrastructure company Covalent has completed a $5 million financing round led by RockTree Capital, with other investors including CMCC Global, Moonrock Capital and Double Peak Group.
Covalent, which develops infrastructure that lets users access historical blockchain data in the “Ethereum Wayback Machine,” similar to the web2 version of how online web pages are stored, said it will use the funding to expand into Asia and support adoption of long-term data availability in countries such as China and Singapore.
It is reported that Covalent has raised a total of more than 20 million US dollars through token sales.
Digital asset trading company Crossover Markets completes $12 million Series A financing
According to CoinDesk, digital asset trading company Crossover Markets has 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.
Crossover Markets last month formed a partnership with prime broker Hidden Road, which, according to CEO Brandon Mulvihill, is one of the only ultra-low latency electronic communications networks (ECNs) in the cryptocurrency space.
Decentralized proof-of-stake network NovaNet completes $3 million in funding, led by Finality Capital
The decentralized proof network NovaNet announced the completion of a $3 million financing round, led by Finality Capital, with participation from multiple institutions including Arrington Capital and Avalanche Foundation. It is committed to building the world's first zero-knowledge proof incentive layer suitable for various scenarios.
NovaNet provides local verifiable computing and privacy-preserving applications, supporting a wide range of applications from AI, decentralized Internet of Things (DePIN) to games.
Rollup deployment platform Conduit completes $37 million Series A financing
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.
According to the Web3 encrypted asset data platform RootData, Conduit completed a US$7 million seed round of financing in March last year, led by Paradigm.
Cryptocurrency trading solution TDMM completes seed round financing, Blockchain Founders Fund participates
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.
MegaETH developer MegaLabs completes $20 million seed round, Dragonfly leads the investment
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, and angel investors such as Vitalik Buterin, Joseph Lubin, founder and CEO of ConsenSys, Sreeram Kannan, founder and CEO of EigenLayer, Kartik Talwar, co-founder of ETHGlobal, Mert Mumtaz, co-founder and CEO of Helius Labs, Santiago Santos, Hasu and Jordan Fish (aka Cobie). It is reported that this round of financing has brought MegaETH's fully diluted token valuation to at least $100 million. In addition, MegaETH's public testnet will be launched this fall, and the mainnet is expected to be launched at the end of the year.
Decentralized cross-chain oracle AnchorZero completes $8 million seed round of financing
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 yet been disclosed. It is reported that AnchorZero is a blockchain technology company specializing in the development of decentralized cross-chain oracle networks, providing secure and reliable price feed data services for smart contracts, allowing access to external data of smart contracts on multiple platforms, and they also provide Web3 tax planning solutions.
Web3 entertainment and gaming platform Redacted completes $10 million in financing, with Animoca Brands and others participating
Web3 entertainment and gaming ecosystem Redacted has completed a $10 million financing round, led by Spartan Group, with participation from Saison Capital, Animoca Brands, and Polygon Ventures. Redacted uses blockchain and artificial intelligence technologies to build a product ecosystem, forming an entertainment data circle where Web3 users can do what they love most - play games, trade, watch, and get rewards.
Artificial intelligence DApp project Ora completes $20 million in financing, with Polychain, SevenX and others participating
Artificial intelligence Dapp project Ora announced that it has completed a $20 million financing, with participation from Polychain, SevenX Ventures, HF0 and Hashkey Capital. It is reported that Ora is a blockchain project that integrates artificial intelligence into decentralized applications (DApp).
Blast Ecosystem Trading Marketplace Fenix Completes $300,000 Seed Round Financing, Led by Orbs
Blast ecosystem trading market Fenix has 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.
Solana Eco-Golf Project GolfN Completes $1.3 Million in Financing, with CitizenX and Others Joining
Solana Ecosystem Golf Project GolfN announced the completion of a $1.3 million financing, with participation from CitizenX, Fourth Revolution Capital, Nom, etc. It is reported that the project aims to create a P2E mechanism for physical golf.
Modular entertainment blockchain XProtocol completes $5.2 million strategic round of financing, with participation from CoinFund and others
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.
Bitcoin analysis startup Rebar completes $2.9 million seed round led by 6th Man Ventures
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.
Net Zero announces completion of $5.5 million seed round financing, with participation from Oilinvest and others
Swedish carbon removal startup Net Zero Company has announced the completion of a $5.5 million seed round from 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 called “Carbon Removal Tokens.”
Solana Ecosystem DePIN Project Shaga Completes $1 Million Angel Round of Financing, Led by Arca
Solana ecosystem DePIN project Shaga announced on X that it has completed a $1 million angel round of financing, led by Arca, with participation from Skybridge20 Ventures, Quotient Ventures, MARIN DIGITAL VENTURES, Helium founder Amir Haleem, Bluzelle co-founder and CEO Pavel Bains and other angel investors.
On-chain abstract intent engine ENSO completes $4.2 million in financing, led by Ideo Ventures and others
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 participation from 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 for continued product development.
Infrared Completes New Round of Funding, Binance Labs Participates in the Investment
Infrared Finance, the Berachain ecosystem liquidity pledge protocol, announced the completion of a new round of financing, with Binance Labs participating in the investment, and the specific amount has not been disclosed. Raito Bear, the anonymous co-founder and CEO of Infrared, said that Binance Labs participated in Infrared’s strategic round of financing as the only investor earlier this month.
