Compiled by: Golden Finance
This week’s largest funding rounds
Avalanche (Ava Labs)
Avalanche (Ava Labs) has successfully raised $250 million in a round of financing from investors including Galaxy Digital, Dragonfly Capital, ParaFi Capital*, SkyBridge Capital, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital (formerly Republic Labs), Morgan Creek Capital, FinTech Collective, CMCC Global, Superscrypt, Cadenza, Chorus One and Tane.
Avalanche is an open source platform for launching decentralized applications and enterprise blockchain deployments in the same ecosystem.
Seed round and pre-seed financing
Uranium Digital raised $1.7 million in Pre-seed funding from Portal Ventures*, Framework Ventures, Karatage, Santiago R. Santos, Jason Yanowitz, Marc Weinstein, Alex Svanevik, and others.
Uranium Digital is a startup focused on the uranium market that is doing this through tokenization. The platform enables seamless trading in an otherwise undercapitalized and heavily regulated industry by representing uranium ore (or yellowcake) with blockchain tokens. Tokens streamline the trading process, while the underlying uranium is securely stored and only accessible to licensed buyers for physical settlement. This approach bridges the gap between accessibility and compliance, providing a transparent, decentralized marketplace for uranium trading.
Fantasy top raised $4.3 million in Seed round financing from Dragonfly Capital*, Manifold and others.
Fantasy top is a SocialFi trading card game (TCG) where players earn ETH, BLAST and FAN points by leveraging the activity of their favorite influencers on Twitter. The game showcases crypto Twitter influencers through trading cards, allowing players to participate in online games to monetize their social capital and research expertise in the cryptocurrency community.
Perena raised an undisclosed amount in the Pre-seed round from Borderless Capital*, Binance Labs Fund, Primitive, Anagram, Maelstrom, Breed VC, Temporal, ABCDE Capital, SevenX Ventures, Pivot Global, Miton, Graph Ventures, and others.
Perena is a decentralized finance (DeFi) platform designed to enhance the usability, liquidity, and rewards of stablecoins in the ecosystem. It provides a set of tools designed to facilitate seamless exchange of on-chain assets and maximize the yield generation of idle stablecoin liquidity. By consolidating liquidity into a central asset, Perena enables new stablecoins to access existing liquidity pools and underlying assets at a lower cost, thereby reducing barriers to entry. The platform also addresses the problem of fragmented and shallow liquidity pools by unifying liquidity and facilitating efficient asset allocation.
Spicenet raised $3.4 million in Seed funding from Hack VC, Magnus Capital, TPC Ventures, Public Works, WAGMI Ventures, DoraHacks, P-OPS Team, The Rollup Ventures, Tekin Salimi, George Lambeth, Nick White, John Adler, Zaki Manian, Smokey The Bera, and others.
SpiceNet is an app rollup tailored for fast, reliable, and capital-efficient trading. It runs as a sovereign rollup on Celestia, using ZK fraud proofs in the Sovereign SDK to reduce the challenge period to hours and enhance fraud resistance. SpiceNet provides sub-millisecond transaction processing, fee-free transactions, and scalability through asynchronous execution and sharding. Its modular toolkit includes shared order books and integrated exchange infrastructure, enabling developers to create high-performance trading applications with shared liquidity.
Neptune Protocol raised $3.9 million in Seed funding from Animoca Ventures, CMS Holdings, Bloccelerate, Maelstrom, Infinity Ventures Crypto (IVC), Builder Capital, RockTree Capital, Wise3 Ventures, Veil, Optic Capital, Relayer Capital, Stake Capital, WAGMI Ventures, NxGen, Zephyrus Capital, Global Coin Research (GCR), Revelo Intel, Cogitent Ventures, MH Ventures, Meltem Demirors, Ben Lakoff, Kartik Talwar, and others.
Neptune Protocol is a native decentralized lending platform in the Eclipse ecosystem, powered by the Solana Virtual Machine (SVM). Its flagship product, USDN, is an ultra-collateralized stablecoin soft-pegged to the US dollar, enabling users to obtain zero-interest loans while retaining collateral. Neptune improves capital efficiency for ETH, SOL, TIA, and other asset holders in the Eclipse, Ethereum, Solana, and Celestia ecosystems.
Exabits raised $15 million in Seed funding from Hack VC*.
xaBITS is a decentralized infrastructure built for AI and compute-intensive applications, dedicated to promoting a fair, accessible, and user-friendly AI ecosystem. Users can contribute to the exaBITS infrastructure, train unique AI models, and provide distributed GPU services, data storage, or expertise to the AI community without the need for a central authority, while interacting using Web3 identities.
ProvLabs (formerly Provenance Blockchain) raised an undisclosed amount in its Seed round from Animoca Brands, Blockchange Ventures, CMT Digital, GateCap Ventures, Medalist Partners, Morgan Creek Capital, Provenance Blockchain Foundation, Serengeti Asset Management, The Operating Group, Thirdstream Partners, Walden Bridge Capital, and others.
ProvLabs (Provenance Blockchain Labs, Inc.) provides blockchain infrastructure solutions for large-scale digitization of real-world assets. Built specifically for the public Layer 1 network Provenance Blockchain, it provides enterprise-grade APIs, SaaS tools, and professional services to help financial institutions deploy decentralized applications (dApps). Its services include integration with the public Mainnet and private Zones, ensuring the security and scalability of asset digitization while preparing for future financial operations.
Kast raised $10 million in Seed funding from Peak XV Partners (formerly Sequoia India & South East Asia), HongShan (formerly Sequoia China), DST Global, Goodwater Capital, and others.
KAST is a financial platform backed by stablecoins that offers virtual and physical cryptocurrency cards for global spending. Designed for on-chain savings, earnings, and transactions, the platform supports stablecoins such as USDT, USDC, and USDe. Its cards are compatible with Apple Pay and Google Pay, enabling seamless shopping at over 100 million merchants worldwide. Users benefit from real-time spending tracking, budgeting tools, and rewards programs. With advanced encryption and multi-factor authentication, KAST prioritizes privacy and security in managing and spending digital assets.
Mandala Chain raised $1 million in funding in the Pre-seed round from Harbour Industrial Capital*, NLS Ventures, O-DE Capital Partners, and others.
Mandala Chain is a hybrid Layer 1 blockchain designed to integrate government, enterprise, and retail applications, starting with Indonesia. It is built on Substrate to ensure data security, support decentralized identity, and achieve cross-chain interoperability. Its native token Kepeng Coin ($KPG) supports governance and transactions, driving the adoption of Web3 in emerging markets.
SmarDex raised $4.5 million in Seed round of funding.
SmarDex is a decentralized exchange (DEX) that leverages an innovative automated market maker (AMM) algorithm to solve the problem of impermanent loss and potentially convert it into impermanent gain. SmarDex operates on multiple blockchain networks including Ethereum, Binance Smart Chain, Polygon, Arbitrum, and Base, providing users with efficient token swaps, liquidity through volatility vaults, and investment opportunities.
Other financing rounds
Glacier Labs raised $3.4 million in a public funding round.
Glacier Network is a Layer-2 Rollup network designed to facilitate the development and interaction of decentralized applications (DApps). Through its own smart contract ecosystem, it provides a comprehensive ecosystem with functions such as data configuration for fine control, complete data ownership, and seamless integration of decentralized databases (DDBs). Glacier Network enables users to manage data usage for economic benefits, becoming a promising platform for building and expanding Web3 applications with programmable data composition solutions.
MegaLabs (MegaETH) raised $10 million in a public funding round.
MegaLabs is the developer of MegaETH, a blockchain designed to achieve 100,000 transactions per second (TPS) and fully compatible with Ethereum. MegaETH uses a heterogeneous blockchain architecture and a super-optimized EVM execution environment to achieve real-time processing and high transaction throughput. This architecture enables network nodes to be specialized and minimizes the hardware requirements of full nodes, ensuring that the blockchain is fast, secure, and efficient.
Privasea raised an undisclosed amount in a funding round that included participation from Lunar Labs Capital.
Privasea AI Network is a solution to data privacy challenges in the field of artificial intelligence. It revolutionizes machine learning reasoning by combining fully homomorphic encryption with blockchain-based incentive mechanisms, enhances privacy, and promotes collaborative AI computing, while ensuring that users get a secure and private AI computing experience.
Superform Labs raised $3 million in a strategic funding round with participation from VanEck*, Polychain Capital, CMT Digital, Amber Group, Node Capital, BlockTower Capital, Heartcore Capital, Maven 11 Capital, and UpTop.
Superform is a permissionless cross-chain yield market designed for DeFi protocols, allowing them to list their own vaults or asset pools. Users can deposit funds into these vaults and earn yields, while Superform simplifies this process by abstracting away exchanges and bridges and providing a single yield management interface.
Waterfall Protocol (BlueWave) raised $11.6 million in a funding round participated by Bolt, Alpha Token Capital, and Enflux.
Waterfall Protocol is a Layer 1 highly scalable and fully decentralized smart contract platform developed by software development company BlueWave based on directed acyclic graph (DAG) technology and fast finality proof of stake (PoS) consensus mechanism. It aims to provide scalability, security and a truly decentralized governance platform for the development of decentralized applications (Dapps), while being compatible with the Ethereum Virtual Machine (EVM) and having low hardware requirements for validators.
AgriDex raised $4 million in a strategic funding round with participation from Portal Ventures*, Sycamore Gap Management Ltd., Endeavour Ventures, Hawkwood Capital, and HU Investments.
AgriDex is a Solana-powered RWA marketplace that is revolutionizing the global agricultural industry by providing a transparent and integrated platform with its own internal economic system. Using on-chain fiat currency, smart contracts, and participation audits, AgriDex provides a compliant and simplified solution for agricultural supply chain management, enabling participants in the agricultural field to conduct transparent transactions efficiently.
Remora Markets has raised an undisclosed amount in a mergers and acquisitions (M&A) funding round with participation from Step Finance.
Remora Markets is bringing tokenized securities to the Solana blockchain, enabling global users to access traditional stocks. Global users can seamlessly purchase whole shares or fractional shares of a stock on-chain, represented by SPL tokens. These tokenized assets are fully composable and interoperable with Solana's DeFi ecosystem, allowing for immediate integration with major platforms. Remora Markets connects traditional finance and decentralized finance, providing a smooth, borderless, and easily accessible trading experience.
Wild Forest raised $100,000 in a public funding round.
Wild Forest is a free real-time strategy (RTS) game based on the Ronin blockchain that offers fast-paced player-versus-player (PvP) combat and card collection elements. Players build bases, manage resources, and control units in dynamic battles with the goal of destroying their opponent's castle. The game features a variety of maps, each with a unique theme and layout, enhancing strategic depth. Players can collect and upgrade NFT unit cards to enhance their decks, with higher-level cards providing greater value and power in battle. Wild Forest is available on Android, iOS, PC, and Mac platforms.
Zodia Custody has raised an undisclosed amount in a funding round led by Emirates NBD.
Zodia Custody is a digital asset custody company that provides secure and compliant custody services to institutional investors. The company was jointly established by Standard Chartered Bank and Northern Trust, combining the expertise of traditional banking with innovative digital asset solutions. Zodia Custody operates with the approval of regulators such as the Financial Conduct Authority and the Central Bank of Ireland, ensuring strict compliance standards. The company's services include cold wallet storage, staking, and seamless trading from cold wallets, designed to meet the complex needs of institutional clients in the evolving digital asset field.
Commonware raised $9 million in a round led by HAUN Ventures, Dragonfly Capital, Nick White, Viktor Bunin, Sreeram Kannan, Dan Romero, Scott Sunarto, Smokey The Bera, Zaki Manian.
Commonware is an open source Rust-based blockchain framework designed to provide specialized high-performance on-chain applications. It provides modular infrastructure components for consensus, encryption, peer-to-peer communication, runtime execution, storage, and stream processing, enabling developers to customize blockchain components based on specific application requirements. By decoupling traditional blockchain layers, Commonware aims to achieve ultra-high throughput and promote seamless interoperability, enabling developers to build customized and efficient blockchain solutions.
Sphere Labs raised $5 million in a strategic funding round led by Coinbase Ventures, Kraken Ventures, Anagram, Temporal, Anza, Pyth Network, BOOGLE, Nom, Echo, Shoe on Ventures, Joe McCann.
Sphere Labs is a stablecoin operating system that aims to provide merchants in emerging markets with cost-effective, secure and near-instant cross-border payment solutions. As the basic interface between end users and stablecoins, Sphere coordinates blockchains, custody infrastructure and financial service providers through an easy-to-use graphical user interface, making stablecoin payments accessible.
Nano Labs raised $36.3 million in a private round of funding.
Nano Labs Ltd is a leading fabless IC design company in China, focusing on high-throughput and high-performance computing (HTC and HPC) solutions. Its innovative product lines include advanced chips such as the Cuckoo and Darkbird series, which are the first near-memory HTC chips optimized for bandwidth-intensive applications. Nano Labs is also a pioneer in distributed computing, storage solutions, smart network cards, visual computing chips, and rendering technologies. With the company's proprietary stream processing unit (FPU) architecture, Nano Labs combines the characteristics of HTC and HPC to meet the needs of cutting-edge computing.
GEODNET has raised an undisclosed amount in a funding round led by ParaFi Capital.
GEODNET is a decentralized network that combines real-world earth observation with blockchain technology to collect geospatial data from space weather stations around the world and provide secure and reliable data products. Participants contribute to the network by installing geodetic-grade Global Navigation Satellite System (GNSS) antennas on their rooftops and are rewarded with GEOD tokens for their contributions.
Soarchain raised $4.5 million in a funding round led by Taisu Ventures, BlockBuilders, Hyperithm, Plug and Play Ventures, Chorus One, Cogitent Ventures, and Elevate Ventures.
Soarchain is a sovereign application chain that aims to create a token-based incentive-based data and connectivity infrastructure for vehicles. It enables cars to collect and share real-time data about their surroundings, thereby improving the safety, efficiency and autonomy of cities. Developers and data consumers can access this vehicle-generated data to build applications and services on a secure and open platform. The system reduces the cost of providing improved services and promotes the development of smarter and more connected cities.
Hyperbolic raised $12 million in Series A funding from Variant Fund, Polychain Capital, Chapter One, Lightspeed Faction, Bankless Ventures, GSR Markets LTD, IOSG Ventures, Vertex Ventures, Blockchain Builders Fund (BBF), Wintermute, Alumni Ventures (AVG), and Ambush Capital.
Hyperbolic is an AI cloud platform that brings together global computing resources to provide accessible, economical, and scalable GPU resources and AI services. The platform provides high-throughput and low-latency AI inference services, scalable GPU access (with pay-as-you-go plans), and monetization options for idle GPUs. Hyperbolic supports a variety of GPUs and ensures high availability, scalability, security, and fair compensation for contributions. The platform is aimed at researchers, companies, data centers, and individuals, and aims to promote the popularization of AI by making computing resources more accessible and economical.
Klickl raised $25 million in Series A funding from Web3Port Labs, Aptos Labs, Summer Ventures, Heritage Horizon Capital, Alpha Square Group, Heng Feng Group, and The Bond Group.
Klickl is a regulated open banking and virtual asset platform in the Middle East and North Africa (MENA) region, providing a comprehensive range of crypto-friendly financial services. Its services include the Klickl 4U application for managing digital and fiat currencies, regulated custody solutions, payment gateways and brokerage services. With a focus on security and compliance, Klickl operates under a decentralized license and aims to provide inclusive financial services to the world.
BounceBit received an undisclosed amount of funding from Boyaa Interactive.
BounceBit is a sister company of Bounce Finance, a Bitcoin re-staking protocol and native BTC re-staking chain. It uses a dual-token staking system secured by Bitcoin and BounceBit tokens, introducing a unique combination of DeFi and CeFi yield mechanisms, enabling BTC holders to earn returns through native validator staking, DeFi ecosystem, and CeFi mirror mechanisms.
Orion Principals received an undisclosed amount of M&A financing from Crypto.com Capital.
Orion Principals Limited is an Abu Dhabi-based brokerage firm regulated by the Abu Dhabi Global Market (ADGM). The company offers a full range of financial services, including securities trading, futures, options, contracts for difference (CFDs) and foreign exchange (Forex) trading on major global markets. The company serves high net worth individuals, active traders and institutional investors, providing access to more than 40,000 financial instruments through its proprietary platform Orion Trader and a 24/5 active trading desk.
Relai raised $12 million in Series A funding from Ego Death Capital*, Plan B Bitcoin Fund, Timechain, and Solit Group.
Relai is a Bitcoin-only investment platform that allows SMEs to add Bitcoin to their balance sheets. The platform is designed to be simple, intuitive and secure, making it easy for anyone in Europe to save and invest in Bitcoin.
Skip received an undisclosed amount of M&A funding from the Interchain Foundation.
Skip provides blockchain infrastructure tools for cross-chain connectivity and data accessibility. Its solutions include the Skip:Go API for seamless multi-chain interaction, the Skip:Go Widget for cross-chain user onboarding, and the native oracle system Skip:Connect for real-time data streaming. These tools provide efficient interoperability and sovereignty for decentralized applications.
TLX received an undisclosed amount of M&A financing from Synthetix.
TLX is a decentralized leveraged token protocol on the Optimism network that enables users to mint and trade tokens with up to 50+ assets and up to 20x leverage. TLX is powered by Synthetix's Perps V2 engine, providing deep liquidity, composability, and ERC-20 compliant tokens for seamless DeFi integration.
Astra DAO received an undisclosed amount of M&A funding from Token Metrics.
Astra DAO is a decentralized, non-custodial automated crypto asset allocator and Launchpad platform, originally built on Ethereum and now running on Arbitrum. It provides users with access to a variety of crypto-oriented investment strategies through index and participation unit markets. The platform's native utility token, ASTRA, facilitates governance, staking, and reward distribution. Astra DAO's Launchpad supports new blockchain projects, providing a comprehensive and secure environment for token sales.
SettleMint has received an undisclosed amount of funding from The Hashgraph Association (THA).
SettleMint is a low-code blockchain platform that allows developers with little knowledge of blockchain to build Web3 applications. The platform includes a set of tools, frameworks, templates, and APIs that can be used by development teams.
Dtravel raised an undisclosed amount of funding from Modular Capital.
Dtravel is a decentralized travel ecosystem that uses blockchain to solve trust, reputation, and connectivity issues in the industry. Its protocol creates a single source of truth for travel data, enabling better connectivity and direct bookings, while Dtravel Direct enables short-term rental operators to build their brands and grow direct booking businesses. The ecosystem also includes Dtravel Meridian, a composable NFT travel profile for owning travel history, reputation, and data, facilitating a trustless system for direct bookings.
Lava raised $10 million in Series A funding from Khosla Ventures, Founders Fund, Peter Thiel, and Joey Krug.
Lava is a financial platform that enables users to save in Bitcoin and spend in USD. It provides a Bitcoin-backed debit card that enables users to make everyday purchases seamlessly. By combining Bitcoin savings with traditional spending, Lava builds a bridge between cryptocurrency holders and traditional finance.
Terrace raised $2.5 million in a public funding round.
Terrace is a platform that integrates non-custodial cryptocurrency trading terminal and portfolio management system, integrating more than 40 centralized and decentralized trading venues, covering more than 13 blockchain networks. It provides trading tools for spot and derivatives markets, including smart order routing, limit orders, time-weighted average price (TWAP), and real-time order books. The platform's Pathfinder function enables optimal path execution between any token-chain combination, while multi-wallet support allows users to seamlessly manage portfolios in various wallets and chains. Terrace serves institutional investors and retail traders, providing a comprehensive solution for efficient and secure cryptocurrency trading.
ChainAware.ai raised an undisclosed amount in a funding round from ChainGPT Labs* and CoinIX Capital.
ChainAware.ai is an AI-based platform that enhances Web3 security and user engagement through proprietary AI models tailored for blockchain complexity. It provides tools such as Wallet Auditor, Fraud Detector, and Rug Pull Detector, providing predictive analytics for fraud detection and wallet behavior assessment on Ethereum, Polygon, BNB Smart Chain, and TON networks. In addition, ChainAware.ai also provides Web3 marketing solutions, including user portrait-based targeting and user analysis to optimize marketing strategies and increase user conversion rates.
Bounty Bay raised an undisclosed amount in a funding round from Animoca Brands.
BountyBay is a Web3 social commerce platform integrated in Telegram that leverages The Open Network (TON) blockchain to connect brands, creators, and Telegram's massive user base. It facilitates a seamless social shopping experience, enabling users to earn rewards through social recommendations and group purchases.
ApeScreener raised an undisclosed amount in a funding round from Messier.
Apescreener is an AI-based portfolio advisor and tracker designed to help users build, grow, and liquidate their cryptocurrency investments. By leveraging advanced AI solutions, it identifies investment opportunities and guides users to determine the optimal investment amount, allowing them to make informed decisions in the cryptocurrency industry.
