Compiled by: Mars Finance
According to Mars Finance, from March 30 to April 5, there were 28 investment and financing events in the crypto market, including 12 in the infrastructure field, 1 in the asset management field, 5 in the DeFi field, 6 in the blockchain game and NFT field, and 3 in the Web3 field. The total amount of investment and financing disclosed is about 180 million US dollars. (Note: Modular BTC Layer2 blockchain startup platform UTXO Stack, Bitcoin second-layer network project AINN Layer2, Solana ecological liquidity pledge protocol Sanctum, NFT company Legitimate, Web3 game studio Planet Mojo, inscription liquidity protocol SatoshiSync and Web3 social project Sofamon did not disclose the amount of financing)
There were six financings worth tens of millions of dollars, including modular blockchain Sophon, blockchain network XION, Ethereum-compatible blockchain IoTeX ecosystem, decentralized exchange developer Ellipsis Labs, Web3 game company Gomble Games and blockchain real estate transaction tracking platform Coadjute.
Compared with last week, the number of investment and financing transactions in the cryptocurrency market increased significantly this week. In terms of subdivisions, investment and financing amounts this week were concentrated in the direction of infrastructure.
Among VCs, the most active institution this week was OKX, which mainly focused on the infrastructure sector.
infrastructure
Blockchain technology company Hyperbridge completes $2.6 million financing through Polkadot Crowdloan
Blockchain technology company Hyperbridge has raised $2.6 million through Polkadot Crowdloan. The funds raised will be used to further develop its technology and expand its influence.
Hyperbridge aims to open new possibilities for DApps and increase the scalability and efficiency of the Web3 ecosystem.
Modular BTC Layer2 platform UTXO Stack completes seed round financing, led by ABCDE and SNZ Capital
Modular BTC Layer2 blockchain startup UTXO Stack has completed its seed round of financing, led by ABCDE and SNZ Capital, with strategic investment from CKB Eco Fund, and participation from OKX Ventures, Waterdrip Capital, Matrixport, y2z Ventures, DRK Lab and UTXO Management (the investment arm of BTC Inc. and publisher of Bitcoin Magazine).
Modular blockchain Sophon completes $10 million financing, SevenX Ventures, OKX Ventures and others participate
Modular blockchain Sophon completed a $10 million financing round, with Paper Ventures, Maven 11, The Spartan Group, SevenX Ventures, OKX Ventures, HTX Ventures and others participating.
Blockchain network XION completes $25 million Series A financing, with Multicoin and others participating
XION, a blockchain network focused on building for consumer-centric developers, announced earlier this month that it had closed a $25 million Series A round of funding, with participation from Multicoin, Animoca Brands, and Arrington Capital. XION was developed by Burnt, and the new funding will enable XION to accelerate the development of its ecosystem.
Ethereum L2 LightLink completes $6.2 million seed round of financing, MH Ventures and others participate
Ethereum Layer 2 blockchain LightLink announced the completion of a $6.2 million seed round of financing, with participation from MH Ventures, Nxgen, and several individual crypto investors. The new funds will help the company continue to build a Web3 ecosystem for corporate partners and improve proprietary technology to enable gas-free transactions for users.
AINN Layer2 receives investment from market maker Amber Group
AINN Layer2, the first Bitcoin second-layer network project that supports large-scale decentralized AI applications, announced that it has received strategic investment from the well-known market maker Amber Group. Previously, the project received investments from well-known institutions such as Waterdrip Capital, Satoshi Lab, Bitmart's fund Cipholio Ventures, SuperEx, AscendEx, Genblock Capital, Foundinals Lab, AlNN Labs, and Bitrise Capital.
The AINN Layer2 team said that the financing will be used to accelerate the technology selection and upgrade of AINN Layer2, as well as to support the development of global operations and ecology.
Bitcoin L2 Zulu Network Completes $3 Million Pre-Seed Round of Financing, CatcherVC and Others Participate
Zulu Network, a Bitcoin L2 based on the EVM and UTXO dual-layer architecture, announced the completion of a $3 million Pre-Seed round of financing. Zulu Network is currently building a decentralized Bitcoin cross-chain bridge to promote the development of DeFi in the Bitcoin ecosystem.
Gasp completes $5 million private equity financing with a valuation of $80 million, with participation from Polychain Capital and others
Gasp (formerly Mangata Finance), a cross-chain exchange protocol based on EigenLayer, announced the completion of a $5 million private financing at a valuation of $80 million, with participation from Polychain Capital, CMS Holdings, Master Ventures, Token Metrics, and Cluster Capital. Gasp plans to launch a testnet in the coming weeks, and plans to enter the mainnet and launch tokens after success. They also plan to launch a new token, GASP, and airdrop it to some MGX token holders.
IoTeX Ecosystem Completes $50 Million in Financing, with Borderless Capital, Amber Group and Others Joining
The Ethereum-compatible blockchain IoTeX ecosystem optimized for DePIN has received $50 million in financing, with Borderless Capital, Amber Group, Foresight Ventures, FutureMoney Group, SNZ, Metrics Ventures, EV3 and Waterdrip Capital participating in this round of financing. The IoTeX team said that this investment will drive DePIN's growth and ecosystem adoption by investing in long-term staked IOTX (DePIN tokens that manage and drive IoTeX DePIN), and invest in IoTeX-based DePIN projects together with the IoTeX Foundation and DePINsurf Accelerator Fund.
Modular L2 blockchain Camp Network completes $4 million seed round of financing, led by Maven 11
Modular Layer 2 blockchain Camp Network has completed a $4 million seed round of financing, led by Maven 11, with participation from OKX, Protagonist, Inception Capital, Paper Ventures, HTX, Moonrock Capital, and Eterna Capital. The new funds will be used to support the construction of the network. In addition, 20 active teams within the Camp Network ecosystem will receive funds to expand their teams. It is reported that its test network will be launched this month, and the main network is expected to be launched in June.
Moongate Completes USD 2.7 Million Seed Round Financing, Led by CMCC Global’s Titan Fund
Modular Web3 participation layer Moongate announced the completion of a $2.7 million seed round of financing, led by Titan Fund under CMCC Global, with participation from Token Bay Capital, Penrose Ventures, RNR Capital, Cogitent Ventures, GBV Capital, PHD Capital, and angel investors from Coingecko, Synthetix, and Dolphin Browser. The team is also reported to have received ecosystem funding and support from Arbitrum, Polygon, Avalanche, and BNB Chain.
Moongate enables the conversion of real-world assets and experiences into immutable digital tokens on the blockchain, allowing brands to establish direct connections with their fans.
DeepLink Protocol Completes Over $8 Million in Financing, with ROCK Ventures and Others Participating
The decentralized AI cloud gaming protocol DeepLink recently completed a total of US$8 million in angel and Series A financing, with participation from Gobi Ventures, Hycons, DBC, ROCK Ventures and other companies, as well as P&S, KMTLE, Dan & FamilyWorks, BTR, Horman, FireHustle and other Japanese, North American, European and other Asian communities.
It is reported that DeepLink Protocol is a decentralized AI cloud gaming protocol that provides ultra-low latency game rendering solutions for 3A games and cloud Internet cafes.
Asset Management
Tiger Global's new venture capital fund raised approximately US$2.2 billion, the smallest amount raised in nearly a decade
Tiger Global’s new venture capital fund raised about $2.2 billion, far below its $6 billion target and the smallest amount raised in nearly a decade. Tiger Global’s previous $12.7 billion fund was its largest ever. Tiger Global previously wrote down assets due to FTX investment losses. According to reports, Tiger Global is now facing the most difficult fundraising environment in years, with investors becoming more cautious about venture capital and private equity investments as valuations decline and transactions dry up.
DeFi
Merkle Trade Completes $2.1 Million Seed Round, Led by Hashed and Arrington Capital
Decentralized trading platform Merkle Trade has completed a $2.1 million seed round of financing, led by Hashed and Arrington Capital, with participation from Morningstar Ventures, Amber Group, Aptos Labs, Re7 Capital and Dorahacks. Merkle Trade will use the funds from this round of financing for its protocol growth plan.
Decentralized exchange developer Ellipsis Labs completes $20 million Series A financing, led by Paradigm
Ellipsis Labs, a decentralized exchange developer, has completed a $20 million Series A financing round, led by Paradigm, with participation from Electric Capital, Justin Drake and Mike Neuder of the Ethereum Foundation, Sreeram Kannan of EigenLayer, Anatoly Yakovenko of Solana Labs, and Uri Klarman of bloXroute. It is reported that Ellipsis Labs has developed Phoenix, a decentralized exchange based on Solana's on-chain order book, which is the eighth largest decentralized exchange on Solana in terms of total locked value (TVL). Ellipsis Labs will use these funds to continue developing its DeFi technology stack.
Solana Ecosystem Liquidity Staking Protocol Sanctum Completes Seed Round Extension Financing, Dragonfly Leads Investment
Solana ecosystem liquidity pledge protocol Sanctum announced on the X platform that it has completed its seed round of expansion financing, led by Dragonfly, with participation from many new investment institutions and individuals. The amount of this round of financing has not been disclosed, but its total financing amount has reached US$6.1 million to date.
XRADERS Completes $2.1 Million Financing, FBG Capital and Others Participate
XRADERS, an Al transaction management platform on BNB Chain, announced the completion of US$2.1 million in Pre-Seed and Seed rounds of financing, with participation from FBG Capital, GM Ventures, MARBLEX, Basics Capital, Icetea Labs, Asteroid Capital, Marshland Capital, Digital Strategies, Alpha Protocol Ventures, GBV Capital and others.
NFT/Chain Games
Web3 gaming company Gomble Games completes $10 million in financing, with Binance Labs and others participating
Gomble Games, a Singaporean Web3 gaming company, announced that it has completed a $10 million financing round, with Binance Labs, Spartan, Hashed, Shima Capital, Animoca Brands, Altos Ventures, IOSG Ventures, Foresight Ventures, BigBrain Holdings and others participating. Gomble Games focuses on developing casual games on the chain and is planning to establish a participatory DAO to further blur the boundaries between players and creators by giving users a say in marketing, game production and other businesses.
Legitimate Completes $4.3 Million Seed Round, Led by Lemniscap
NFT company Legitimate has completed a $4.3 million seed round of financing, led by Lemniscap, with participation from Draper Associates, Sfermion Factor VC, and others. The on-chain project Legitimate aims to synchronize physical assets with their digital forms. Through Legitimate's LGT tag, Legitimate enables various projects to embed digital content into their physical goods. The LGT tag is a special encrypted NFC (near field communication) chip that can be seamlessly integrated into the customer's supply chain and production process.
Web3 game studio Planet Mojo completes new round of strategic financing
Web3 game studio Planet Mojo announced the completion of a new round of strategic financing, led by Animoca Brands, Merit Circle and Courtside VC, with participation from Spartan Group, Citizen Capital, Sfermion, Big Brain Holdings, EVG, Republic, NGC Ventures, Readyplayer DAO, Alchemy, Momentum 6, Skyvision Capital, RW3 Ventures, Collab+Currency, Polkastarter, Metavest Capital, Everyrealm, Fourth Revolution Capital, etc. The specific amount has not been disclosed, but the company said that its total financing amount has reached US$10.5 million so far. Planet Mojo said that the new funds will play a vital role in the development of the Mojo ecosystem and the growth of the studio, and will promote the development of its game Mojo Melee based on the Polygon blockchain.
Cellula Completes $2 Million Pre-Seed Round of Financing, Led by SevenX Ventures and OKX Ventures
The full-chain AI game Cellula has completed a $2 million Pre-Seed round of financing, led by SevenX Ventures and OKX Ventures, with participation from Mask Network, Foresight Ventures, etc. The team said that the new funds will be used for multi-chain deployment, new game development, team operations, etc. Cellula's first game "Game of Life" will be launched on the mainnet on April 15, and will also launch an airdrop event in conjunction with BNB Chain. In addition, it will also upgrade its brand, expand its product matrix and game reward mechanism, etc.
Cellula is a full-chain gaming ecosystem that uses virtual proof-of-work (vPOW) asset distribution to provide continuous incentives for games within the ecosystem. Previously, Cellula received strategic investment from Binance Labs Pre-Seed through the Binance Incubator project.
Inscription liquidity protocol SatoshiSync completes seed round financing
The inscription liquidity protocol SatoshiSync announced that it has completed seed and private investment rounds of financing. The specific amount has not been disclosed. Candaq Ventures, Maven Capital, Covey Network, ZBS Capital, Ape Terminal, Seedify, Chainlink, LayerZero Labs, Core DAO, Rootstock, Portal, MH Ventures, and a group of angel investors participated in the investment. SatoshiSync is an inscription liquidity market built by Photon (a BTC L2) to empower BTC L2, and the protocol supports the deployment of inscriptions on BRC 20 quickly and easily without any coding skills.
Web3 game development company DOS Labs completes $2.45 million in financing, with Kangaroo Capital and others participating
DOS Labs, the developer of the Web3 battle royale game MetaDOS, has raised $2.45 million in funding, with participation from Kangaroo Capital, AZA Ventures, Brainbox, GD10 Capital, Avalon Wealth Club, and others. MetaDOS is currently built on the Avalanche subnet DOS Chain. The initial version of MetaDOS is now available on Steam, and the official game will be released in May.
Web3
Web3 AI company Raiinmaker completes $7.5 million seed round of financing, led by Jump Capital and others
Web3 AI company Raiinmaker announced the completion of a $7.5 million seed round of financing, led by Jump Capital and Cypher Capital, with participation from Gate.io Labs, MEXC Global, Krypital Group, Alphabit, Launchpool, New Tribe Capital and others.
It is reported that Raiinmaker is building decentralized artificial intelligence tools and Web3 infrastructure to support sports, games and entertainment projects, allowing users to train artificial intelligence through iOS or Android phones and receive token rewards proportional to their contribution to the artificial intelligence model. The mainnet is expected to be launched this month.
Web3 social project Sofamon completes seed round financing, with participation from Polychain Capital and others
Web3 social project Sofamon announced the completion of its seed round of financing on the X platform, with participation from Polychain Capital, Seed Club Ventures, Inception Capital, Celestia COO Nick White, former Coinbase engineer 0xBeans, Divergence Ventures co-founder George Lambeth and other angel investors. The specific amount of financing has not been disclosed. It is reported that Sofamon has now launched the Beta version.
Web3 asset data platform RootData completes $1.25 million seed round of financing, led by NLVC
Web3 asset data platform RootData announced the completion of a US$1.25 million seed round of financing, led by NLVC, with participation from Boyaa Interactive, Bonfire Union Ventures (a fund under Mask Network), Sending Labs, Skyland Ventures, GoPlus, Basics Capital, Rebase D. Ventures, UniSat, and SeeDAO. Orbiter Finance founder Gavin, Alchemy Pay co-founder Shawn Shi, and 0xScope co-founder Jackson also participated in this round of financing. This round of financing will mainly be used for product research and development, market expansion, and other aspects.
other
Coadjute, a blockchain-based real estate transaction tracking platform, raises £10 million in funding led by Lloyds Bank
Coadjute, a blockchain-based real estate transaction tracking platform, has announced the completion of a £10 million (approximately $12.6 million) round of financing, led by Lloyds Bank, with participation from Natwest, Nationwide and RightMove, the largest real estate website in the UK. Coadjute uses R3's Corda enterprise blockchain, which enables seamless communication and data sharing between all parties involved in a house sale based on distributed ledger technology (DLT).
In March 2023, Coadjute completed a £4 million (US$5 million) financing round led by Praetura Ventures and participated by Reech Corporations Group and others.
BonusBlock, a provider of on-chain marketplace and white label solutions, raises $2.3 million in funding, with participation from Laser Digital and others
BonusBlock, a provider of on-chain marketplaces and white-label solutions, announced the completion of a $2.3 million financing round, with participation from Laser Digital, iAngels, Cogitent Ventures, NewTribe Capital, Faculty Group, Kyros Ventures, ZBS Capital, Rarestone Ventures, LVT Capital, Momentum 6, Purechain Capital, Burnt (XION), Eclipse Fi, and a group of angel investors. BonusBlock aims to be the preferred platform for users seeking recognition of their true quality. It enables projects to attract users with proven quality more reliably and easily through market and white-label solutions through artificial intelligence analysis, thereby creating a more trustworthy environment. The use of artificial intelligence can expand and give trust to transparent, clear quality level ratings based on smart contracts and transaction-level interactions. According to the announcement, the BonusBlock on-chain marketplace will be launched in early April.
