According to incomplete statistics from Odaily Planet Daily, there were 26 blockchain financing events announced at home and abroad from October 23 to October 29, a significant increase from last week's data (14 events). The total disclosed financing amount was approximately US$160 million, an increase from last week's data (US$120 million).
Last week, the project that received the most investment was Singaporean fintech company YouTrip ($50 million); followed by Web3 security startup Blockaid ($33 million).
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and M&A events; 3. * indicates a "traditional" company whose business involves blockchain):
Singaporean fintech company YouTrip completes $50 million Series B funding round led by Lightspeed
On October 27, Singaporean fintech company YouTrip announced the completion of a $50 million Series B financing round led by Lightspeed. To date, YouTrip's total financing has reached $100 million.
It is reported that YouTrip mainly provides multi-currency digital wallets for consumers and commercial account services that support corporate cards for small and medium-sized enterprises.
Web3 security startup Blockaid raises $33 million, Sequoia Capital participates
On October 23, Blockaid, a Web3 security startup co-founded by two former Israeli military cyber intelligence personnel, has received $33 million in financing. The financing is divided into two rounds, namely $6 million in seed round financing and $27 million in Series A financing.
Seed round investors include Sequoia Capital, Greylock Partners and Cyberstarts; Series A financing was co-led by Ribbit Capital and Variant, with participation from the three seed round investors.
Blockaid’s clients include MetaMask, OpenSea, Zerion Wallet and Rainbow Wallet. With the new funding, the company hopes to attract more customers.
Game development studio Neon Machine completes $20 million Series A funding round led by Polychain Capital
On October 25, game development studio Neon Machine completed a $20 million Series A financing round, led by Polychain Capital, with participation from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures.
Neon Machine will use this round of financing to further develop its shooting game Shrapnel. Its game team plans to release an early access version in December this year and fully release the game in 2024. The Shrapnel team currently has 70 employees.
Crypto data analysis startup smlXL completes $13.4 million seed round of financing, with participation from a16z crypto and others
On October 24, cryptocurrency startup smlXL announced the completion of a $13.4 million seed round of financing, with participation from a16z crypto, Greylock and others.
The company is reportedly committed to making blockchain more transparent, useful and accessible. The new funds will be used to build a 16-person team and develop products, including evm.codes and evm.storage. So far, the funds have not been used for marketing.
3D/AR Enterprise Infrastructure Provider Threedium Completes $11 Million Series A Funding, Led by Interpublic Group and Olma Partners
On October 26, 3D/AR enterprise infrastructure provider Threedium completed US$11 million in Series A financing, led by Interpublic Group and Olma Partners, with participation from Mesh Consensys, Reflexive Capital, Nirvana Family Office, Lyra Ventures, Edenbase and Kinisis Venture Fund I.
Threedium said that this round of financing will be used to promote advances in spatial computing and online 3D content production, deepen artificial intelligence research and development, and further improve the efficiency of 3D models.
Crypto payment gateway Triple-A completes $10 million Series A financing, led by Peak XV Partners and Shorooq Partners
On October 25, Singapore-based crypto payment gateway Triple-A completed a $10 million Series A financing round led by Peak XV Partners and Shorooq Partners. Triple-A will use the new funds to further develop its product suite.
Triple-A was founded in 2018 by Eric Barbier, an entrepreneur focused on fintech. It provides stablecoin and blockchain-based payments, and the main tokens supported include USDT, USDC, Bitcoin and Ethereum. Triple-A obtained a payment institution license issued by the Monetary Authority of Singapore in 2021.
Web3 medical information platform Rymedi completes $9 million Series A financing, led by RW3 Ventures and White Star Capital
On October 25, Web3 medical data company Rymedi completed a US$9 million Series A financing round, led by RW 3 Ventures and White Star Capital, with participation from Blockchange Ventures and Avalanche's Blizzard Fund.
Rymedi simplifies the transmission of medical records and data through blockchain, and plans to use the funds from this round of financing to enhance data security and accessibility of medical records.
Hybrid trading platform Cube.Exchange completes $9 million seed round of financing, with participation from Asymmetry Technologies and others
On October 24, blockchain hybrid trading platform Cube.Exchange completed a $9 million seed round of financing, with participation from Asymmetry Technologies, Susquehanna Private Equity Investments, LLLP, Everstake, Foundation Capital, Big Brain Holdings, Third Kind Venture Capital, Arche Fund, WW Ventures and Cube.Exchange management members.
The new financing will be used to recruit development, marketing, compliance and management personnel, obtain licenses and open more offices. It is reported that Cube.Exchange will be launched as a spot exchange and then expand to other products next year.
DAO investment management protocol Aera raises $8 million, led by Bain Capital Crypto and participated by Jump Trading
On October 26, Aera, a startup founded by Tarun Chitra, the founder of DeFi risk manager Gauntlet, announced that it had completed US$8 million in financing, led by Bain Capital Crypto and participated by Jump Trading.
Aera is a decentralized protocol designed to help DAOs manage their finances. Chitra said Aera’s goal is to enable DAOs to respond quickly to market changes without sacrificing the principle of decentralization and provide clients with crowdsourced portfolio management advice.
Nocturne Labs Completes $6 Million Seed Round, Led by Bain Capital Crypto and Polychain Capital
On October 25, crypto startup Nocturne Labs announced the completion of a $6 million seed round of financing, led by Bain Capital Crypto and Polychain Capital, with participation from Vitalik Buterin, Bankless Ventures, Hack VC, Robot Ventures and others.
It is reported that Nocturne is developing a protocol that aims to allow users to trade anonymously in the Ethereum ecosystem. They can prove that they own the funds through zero-knowledge proof technology and use them for other transactions such as payment, trading and gambling.
Game studio Moonveil Entertainment completes $5.4 million in financing, led by Gumi Cryptos Capital and Arcane Group
On October 27, according to official news, the game studio Moonveil Entertainment has completed a US$5.4 million seed round of financing, led by Gumi Cryptos Capital and Arcane Group, and participated by several Web3 funds and game industry funds such as Longhash, IOSG Ventures and Infinity Venture Crypto.
It is reported that the Moonveil Entertainment team members are composed of core management and production teams from well-known game companies such as Riot, Tencent, and NetEase, as well as senior Web3 developers. Moonveil Entertainment is developing projects including Astrak and Project B.
Noble Development Company NASD Completes $3.3 Million Seed Round of Financing, Led by Polychain Capital
On October 24, NASD, the developer of the token issuance protocol Noble, announced the completion of a $3.3 million seed round of financing, led by Polychain Capital, with participation from Borderless Capital, Circle Ventures, Wintermute Ventures and others.
It is reported that Noble is an application chain built specifically for the issuance of native assets for the Cosmos and IBC ecosystems, and its mainnet was launched in March this year.
Anboto Labs, a provider of crypto trading execution tools, completes $3 million in financing, with participation from Matrixport and others
On October 26, Hong Kong-based crypto trading execution tool provider Anboto Labs announced the completion of a $3 million financing and launched an institutional-grade non-custodial trading platform. The financing was completed in Q3, with investors including Kronos Ventures, Cherry Crypto, Mechanism Capital, XBTO and Matrixport.
The newly launched platform is said to have undergone 18 months of closed testing and traded $4 billion on 20 exchanges and blockchains. Anboto offers execution algorithms such as TWAP, VWAP and Iceberg to provide optimal pricing and improved execution.
HYTOPIA Completes $3 Million in Financing, Led by Delphi Ventures
On October 24, the metaverse platform HYTOPIA (formerly NFT Worlds) announced the completion of US$3 million in financing, led by Delphi Ventures and participated by several VCs and angel investors.
It is reported that HYTOPIA integrates social functions and provides developers with a game creation toolkit inspired by Minecraft with flexible monetization.
OTC secondary market platform STIX completes $2.7 million in financing, led by Psalion VC
On October 26, OTC secondary market platform STIX completed US$2.7 million in financing, led by Psalion VC, followed by Big Brain Holdings, Eterna Capital, Fisher 8 Capital, Humla Ventures, 0x kb and TLF Ventures.
It is reported that STIX can achieve data-driven price discovery and enhance liquidity in the secondary market. It will allow sellers to easily obtain liquidity privately. It also plans to release a complete set of proprietary risk management and portfolio analysis tools.
Citizen community platform Baseflow completes $2.5 million in financing, with participation from Balaji Srinivasan and others
On October 28, The Network State Company, the parent company of civic community platform Baseflow, announced the completion of US$2.5 million in financing, with participation from Balaji Srinivasan (former CTO of Coinbase), Tim Draper, Aragon DAO, Sandeep Nailwal (co-founder of Polygon Labs), Roneil Rumburg (co-founder of Audius), Andrea Dusi, Max Merenti, Enzo Coglitore (product manager and partner of Alchemy Ventures), and others.
Blockchain mortgage platform PADS Financial completes $3 million CAD Pre-Seed round of financing
On October 24, Canadian blockchain online mortgage platform PADS Financial announced the completion of a C$3 million Pre-Seed round of financing. The specific investor information has not been disclosed yet, but it is said that the investors are mainly from industry leaders in the Quebec real estate market.
It is reported that PADS Financial provides digital real estate mortgage services and uses blockchain technology to track application and approval status, as well as loan fund management. It can also use tokenization to help users sell or liquidate mortgages. PADS Financial will use this round of financing to develop AI and blockchain products.
ZK development startup Virtual Labs raises $1.2 million at a $20 million valuation, led by OP Crypto
On October 24, ZK development startup Virtual Labs announced that it had completed a $1.2 million Pre-Seed round of financing with a valuation of $20 million. OP Crypto led the investment, with participation from Byzantine Marine, Koyamaki Ventures, NEAR Foundation and several angel investors.
Virtual Labs is dedicated to enhancing the Web3 user experience by leveraging zero-knowledge technology to eliminate gas fees, latency, and cumbersome wallet interactions. The company’s flagship product, Virtual Rollup, is a ZK state channel that facilitates unlimited transactions from an unlimited number of participants.
Ecosystem content monetization agreement Access Protocol completes $1.2 million seed round financing
On October 27, Solana's ecosystem content monetization protocol Access Protocol announced the completion of a $1.2 million seed round of financing, with participation from Sora Ventures, DV Ventures, CMS Holdings, Double Peak Group and other angel investors. The financing will focus on the development of Access v2 and the Scribe and Sketch platforms.
Base Ecosystem DEX PRINT 3 R Completes $500,000 Pre-Seed Round of Financing, Led by MH Ventures
On October 24, according to official news, Base ecosystem DEX PRINT 3 R announced the completion of a US$500,000 Pre-Seed round of financing, led by MH Ventures, with participation from 300 DAO, Onchain Wizard, PrimapesDAO, Homeless Ventures and 2 Shares.
Web3 enterprise finance platform Integral receives strategic investment from Coinbase Ventures and reaches partnership with Coinbase
On October 24, according to official news, Web3 enterprise real-time financial platform Integral announced that it had received strategic investment from Coinbase Ventures and established a partnership with Coinbase. Integral will bring accounting solutions to Coinbase Prime customers, covering assets held both inside and outside Coinbase.
Integral plans to use the funds to provide Prime customers with data covering all of their assets and develop complementary solutions, such as accounts receivable and accounts payable automation, to further facilitate Web3 business operations.
Port 3 Network Announces Investment from DWF Labs
On October 23, Port 3 Network announced on the X platform that it had received investment from DWF Labs. The specific investment amount was not disclosed.
Binance Labs has made a follow-on investment in CyberConnect
On October 27, Binance Labs Fund published a post on the X platform stating that it had made a follow-up investment in the decentralized social network CyberConnect. Binance Labs sees the potential of SocialFi in driving Web3 mainstream and will host an AMA to explore in depth the opportunities for social integration across the ecosystem.
Asset management product De.Fi announced investment from OKX Ventures
On October 26, asset management product De.Fi announced on the X platform that it had received investment from OKX Ventures, but the specific amount was not disclosed.
Mysten Labs Partners with and Invests in SCION Software Provider Anapaya
On October 27, Mysten Labs announced a partnership and investment in SCION software provider Anapaya Systems.
The two parties are exploring how to use the next-generation Internet architecture SCION to provide secure communications for Sui and other Web3 infrastructure technologies. With SCION, Mysten Labs is trying to enable Sui to strengthen communications between validators, full nodes, and blockchain clients to protect Sui from IP network-level attacks.
Gaming Metaverse Platform MOBOX Announces Strategic Investment in Project Twelve (P12)
On October 27, the gaming metaverse platform MOBOX announced a strategic investment in Project Twelve (P12).
According to reports, the P12 Editor is a full-chain engine that has moved from a command line interface (CLI) to a user-friendly graphical user interface (GUI). The P12 Editor is integrated with full-chain frameworks such as MUD and Dojo, and simplifies the basics of game development using prefabs and templates.
