Bridge is building a stablecoin-powered money movement platform, offering services such as payouts, cross-border payments and exchanging foreign currencies.
2/ Praxis secured $525.0M in funding round
Praxis is a community of future city residents, including founders, creatives, investors, and others.
3/ Blockstream secured $210.0M in funding round led by Fulgur Ventures
Blockstream is a blockchain technology company founded in 2014, focusing on developing new infrastructure for the financial system, particularly around Bitcoin sidechains and related applications.
4/ Azra Games secured $42.7M in Series A led by Pantera Capital
Azra Games is a game development studio dedicated exclusively to role-playing games (RPGs).
5/ Yellow Card secured $33.0M in Series C led by Polychain Capital
Yellow Card is a cryptocurrency exchange that allows users to buy and sell Bitcoin using various payment options.
6/ Bitnomial secured $25.0M in funding round led by Ripple
Bitnomial is a U.S.-based regulated cryptocurrency exchange offering futures and options trading for Bitcoin and other digital assets.
7/ zkPass secured $12.5M in Series A
zkPass a composable, privacy-preserving decentralized identity verification solution for Web3 based on multi-party computation (MPC) and zero-knowledge proof (ZKP) technologies.
8/ Opacity Network secured $12.0M in Seed led by Archetype Ventures, Breyer Capital
Opacity is a zero-knowledge proof (ZKP) protocol that enables trustless verification of information without revealing details.
9/ Solv Protocol secured $11.0M in Strategic
Solv Finance is a decentralized platform focused on providing liquidity and yield infrastructure for digital assets.
10/ Mento secured $10.0M in funding round
Mento is a decentralized and transparent protocol that enables the creation of stable value digital assets, such as stablecoins that track the value of fiat currencies.
Last month, over $668M was secured through 107 deals in crypto fundraising market.
1/ Celestia secured $100.0M in funding round led by Bain Capital Crypto
Celestia is a modular blockchain network whose goal is to build a scalable data availability layer.
2/ Infinex secured $65.3M in funding round
The Infinex platform provides access to onchain protocols, services and applications.
3/ Huma Finance secured $38.0M in funding round
Huma Finance is a PayFi network powers financing of global payments, with instant access to liquidity anywhere, anytime.
4/ The Open Network (TON) secured $30.0M in funding round
TON is a fully decentralized Layer-1 blockchain designed by Telegram.
5/ Balance.fun secured $30.0M in funding round led by a16z crypto, Galaxy Interactive
Balance, founded by the E-PAL team, is a Web3 platform focused on blockchain gaming.
6/ Drift secured $25.0M in Series B led by Multicoin Capital
Drift Protocol is a Solana on-chain asset trading center, offer Perps, Prediction Market and so on services.
7/ Helius secured $21.8M in Series B led by Founders Fund, Haun Ventures
Helius aims to help creators overcome these obstacles by providing APIs to understand on-chain data and query transactions.
8/ Hypernative secured $16.0M in Series A led by Quantstamp
Hypernative is a crypto security company that stops zero-day cyber threats, economic and governance risks, and protects digital asset managers, protocols, and Web3 applications from significant losses.
9/ Hemi Network secured $15.0M in funding round led by Binance Labs, Big Brain Holdings, Breyer Capital
Hemi is a modular protocol for superior scaling, security, and interoperability, powered by Bitcoin and Ethereum.
10/ Initia secured $14.0M in Series A led by Theory Ventures
Initia is a network for 0-to-1 omnichain rollups built by fusing a novel L1 with an interwoven application-specific L2 infrastructure system.
The fundraising market has seen minor fluctuation throughout the year. Despite fewer funding rounds, the amount raised in July 2024 reached a yearly high:
✧ Total Amount Raised YTD: $6.445 billion ✧ Total Funding Rounds YTD: 1,079 rounds
✧ Total Amount Raised July 2024: $1.11 billion ✧ Total Funding Rounds July 2024: 119 rounds
Crypto Fundraising Monthly Trends Last 12M The crypto primary market has seen declines since peaking in March 2024: ✧ Total Capital Disclosed Raised YTD: $6.33 billion ✧ Total Funding Rounds YTD: 1079 rounds Although the amount raised remains relatively stable over the month, the number of completed deals per month hit lowest since Sep 2023. *Data for July is not yet complete.
BIGGEST FUNDRAISING ROUNDS LAST WEEK 💰 Last week, over $89M was secured through 26 deals.
1/ Allium secured $16.5M in Series A led by Theory Ventures
Allium provides on-chain data infrastructure products, ranging from managed blockchain databases and enriched data schemas to real-time alerting capabilities.
2/ Chainbase secured $15.0M in Series A led by Tencent & Matrix Partners
Chainbase is an omnichain data network. Its core mission is to provide a transparent, reliable, permissionless data layer for the AI era.
3/ Mira secured $9.0M in Seed led by Framework Ventures
Mira is a vertically integrated framework tailored for AI-native applications. It incorporates a unique economic model where payment for end-use of AI resources, including models, data, and compute, is settled via crypto rails.
4/ Caliza secured $8.5M in funding round led by Initialized Capital
Caliza is a fintech company that helps customers embed digital dollar accounts and real-time payments into their products and services.
5/ Zivoe secured $8.4M in funding round
Zivoe is a real-world asset credit protocol disrupting predatory high-interest consumer lending while bringing yield from consumer loans on-chain.
6/ Haruko secured $6.0M in Series A led by White Star Capital & MMC Ventures
Haruko is a comprehensive gateway for investors to access blockchain opportunities. I
7/ PEXX secured $4.5M in Seed led by TNB AURA
PEXX is a stablecoin cross-border payment platform that simplifies global money transfers.
8/ Nirvana Labs secured $4.0M in Seed led by Castle Island & RW3 Ventures
Nirvana Labs is a Web3 infrastructure solution for building, managing, and supporting any blockchain application.
9/ Truvius secured $3.2M in Seed led by Galaxy
Truvius is focused on providing thematic digital asset portfolios thoughtfully constructed for both institutions and individuals.
10/ Oh Gamers secured $3.0M in Seed led by Axia8 Ventures
Oh Gamers is a Web3 gamer organization dedicated to the mission of changing the way games are played and valued.
Last week, over $140M was secured through 22 deals.
1/ Partior secured $60.0M in Series B led by Peak XV Partners
Partior is a blockchain platform for payments clearing and settlement, born from the Project Ubin collaboration...
2/ ZAP secured $15.0M in funding round led by Cypher Capital Group, Rarestone Capital, Sharding Capital
ZAP is a Blast-based, community-driven token offering protocol designed to optimize token offering success rates by providing advanced technical support.
3/ Rome Protocol secured $9.0M in funding round
Rome Protocol is building a shared sequencer network leveraging Solana.
4/ Aidatify secured $8.3M in funding round
Aidatify is a DeFi strategy aggregator that uses artificial intelligence technology to aggregate and analyze massive data from multiple blockchains in real time
5/ Term Finance secured $5.5M in Strategic led by Electric Capital
Term Finance is a decentralized lending protocol that utilizes a unique auction model to support scalable fixed-rate/fixed-term lending, the first of its kind in DeFi.
6/ Dora secured $5.5M in funding round led by Dragonfly, Lemniscap
Dora's multi-chain search engine and explorer enables users to visualize transactions across any chain.
7/ idOS secured $4.5M in funding round led by Fabric Ventures
The idOS, AKA Identity Operating System, is an open-source, composable and interoperable solution designed to serve as the identity layer of web3.
8/ RECRD secured $4.0M in Seed led by Sui
RECRD’s platform allows creators to earn up to 100% of advertisement revenue with instant monetization based on views rather than follower count.
9/ Tread.fi secured $3.5M in Pre-Seed led by New Form Capital
Tread.fi is a crypto trading infrastructure startup focused on serving institutional firms.
10/ Soccerverse secured $3.1M in funding round led by Square Enix
Soccerverse is a free-to-play game where players can build a dream team and wield influence using the power of blockchain technology.
BIGGEST FUNDRAISING ROUNDS IN JUNE 💰 Last month, over $891M was secured through 116 deals in crypto fundraising market.
1/ Bitstamp secured $200M in M&A led by Robinhood
Bitstamp is a global crypto exchange providing a safe and reliable platform where anyone can exchange traditional currencies for a range of the world's leading cryptocurrencies.
2/ GRIID secured $155M in M&A led by CleanSpark
GRIID is a Bitcoin Miner.
3/ Hut 8 Mining secured $150M in Strategic Round led by Coatue Management
Hut 8 is one of the largest digital asset miners in North America.
4/ Avail secured $43M in Series A led by Dragonfly Capital, cyber Fund
Avail is a blockchain that is laser-focused on data availability: ordering and recording blockchain transactions, and making it possible to prove that block data is available without downloading the entire block.
5/ Conduit secured $37M in Series A led by Paradigm, Haun Ventures
Conduit is a crypto-native infrastructure platform designed to empower and accelerate builders in the crypto space.
6/ M^0 secured $35M in Series A led by Bain Capital Crypto
M^0 is money middleware for the digital age. Based on a decentralized architecture and best-in-class collateral design, M^0 allows institutions to issue cryptodollars.
7/ Nexus secured $25M in Series A led by Pantera Capital, Lightspeed
Nexus Network is a massively-parallelized proof mining network.
8/ MegaETH secured $20M in Seed led by Dragonfly Capital
MegaETH is building ultra high-throughput & low-latency EVM-compatible L2s.
9/ ORA secured $20M in funding round
ORA is the verifiable oracle protocol that brings AI and complex compute onchain.
10/ The Sandbox secured $20M in funding round led by Animoca Brands, Kingsway Capital
The Sandbox is a decentralized, community-driven gaming ecosystem.
Last week, over $515M was secured through 33 deals.
1/ Monad secured $225.0M in funding round led by Paradigm
Monad is building a high-performance, Layer 1 blockchain for the next generation of decentralized applications.
2/ Berachain secured $100.0M in Series B led by Framework Ventures & Brevan Howard Digital
Berachain is a DeFi-focused, EVM-compatible Layer 1 built on the Cosmos SDK and powered by Proof of Liquidity Consensus.
3/ Auradine secured $80.0M in Series B
Auradine is developing disruptive infra solutions leveraging energy-efficient silicon, zero-knowledge proofs and AI to deliver an unmatched value proposition for decentralized applications.
4/ Mezo secured $21.0M in Series A led by Pantera Capital
Mezo is a Bitcoin Layer2 network that gives users access to applications that facilitate the use of Bitcoin tokens, driving a circular Bitcoin economy...
5/ Alpen Labs secured $10.6M in Seed led by Ribbit Capital
Alpen is a scaling Bitcoin with Zero Knowledge technology solution.
6/ Bored Slot secured $10.0M in Strategic
The first in the world to offer real live slots gaming, BORED SLOT is at the forefront of merging the classic thrill of slots with blockchain technology.
7/ Uplink secured $10.0M in funding round led by Framework Ventures
Uplink is a decentralized physical infrastructure network that provides decentralized network connectivity aimed at creating a better distributed and user-operated infrastructure.
8/ KIKI World secured $7.0M in funding round
KIKI World is building a future customer-owned beauty platform that provides physical beauty products and on-chain products.
9/ Lumoz secured $6.0M in Pre-Series A
Lumoz is a decentralized ZK-RaaS network featuring Zero-Knowledge Proof (ZKP) mining.
10/ GPU Network secured $5.3M in Series A
The GPU Network is a decentralized graphics processing unit on demand infrastructure that powers the next generation of Generative AI, Web3 Metaverses, High-end graphics rendering and cryptocurrency mining.
Last week, over $200M was secured through 36 deals
1/ IoTeX secured $50.0M in funding round
IoTeX is an EVM-compatible L1 blockchain that provides secure interactions between humans and machines.
2/ Burnt (XION) secured $25.0M in Series A
XION is a modular Generalized Abstraction layer purpose-built for consumer adoption, developed by Burnt.
3/ Ellipsis Labs secured $20.0M in Series A led by Paradigm
Ellipsis Labs, in the process of expanding to accelerate the development of DeFi, is building Phoenix, a decentralized limit order book on Solana blockchain.
4/ Agora secured $12.0M in Seed led by DragonFly Capital
Agora is a stablecoin issuer that provides users a haven from volatility by pegging themselves to other assets such as the dollar
5/ Gomble Games secured $10.0M in funding round
GOMBLE, the crypto arm of 111%, is a well-established game studio that specializes in casual game genre
6/ Zeus Network secured $8.0M in funding round led by Mechanism Capital
Zeus Network serves as a crucial permissionless layer, harnessing the formidable strengths of both Solana and Bitcoin.
7/ DeepLink secured $8.0M in funding round
DeepLink is a Web3 Cloud Gaming Platform with a remote control tool as the entrance.
8/ Raiinmaker secured $7.5M in Seed led by Jump Capital, Cypher Capital
Raiinmaker is building decentralized AI tools and web3 infrastructure to undergird sports, gaming and entertainment projects.
9/ Planet Mojo secured $5.5M in Strategic led by Animoca Brands, Merit Circle, Courtside Ventures
Planet Mojo is a magical and imaginative Web3 gaming metaverse platform being built by an accomplished team of industry veterans.
10/ Gasp (Mangata) secured $5.0M in Private
Gasp is a L2 cross-rollup protocol, with the vision to make Ethereum the settlement layer for all cross-chain transactions
Last month, over $1 BILLION was secured through 167 deals in crypto primary market 🤯
1/ Optimism secured $89.0M in funding round
Optimism is an Ethereum Layer 2 solution that utilizes optimistic rollup technology.
2/ Zama secured $73.0M in Series A led by Multicoin Capital & Protocol Labs
Zama is a cryptography company building open source homomorphic encryption tools for developers.
3/ Berachain secured $69.0M in funding round led by BH Digital & Framework
Berachain is a DeFi-focused, EVM-compatible Layer 1 built on the Cosmos SDK and powered by Proof of Liquidity Consensus.
4/ Figure Markets secured $60.0M in Series A led by Jump Crypto & Pantera Capital & Lightspeed Ventures
Figure Markets combines the liquidity of traditional finance with decentralized asset control.
5/ Eclipse secured $50.0M in Series A led by Hack VC & Placeholder
Eclipse is a customizable rollup provider that is compatible with multiple layer-1 blockchains.
6/ Succinct secured $43.0M in Series A led by Paradigm
Succinct is building a decentralized prover network so that anyone can build blockchain applications and infrastructure secured by cryptographic truth, not trust.
7/ Parallel secured $35.0M in funding round
Parallel is a science fiction trading card game (TCG) that uses non-fungible tokens (NFTs) to give players ownership of their cards and other game assets.
8/ 0G secured $35.0M in Pre-Seed led by HackVC
0G is a Modular AI Chain with the scalable programmable DA layer for AI dapps.
9/ Gunzilla Games secured $30.0M in Series A led by Coinfund & Blizzard Fund
Gunzilla Games is a game developer currently working on Off The Grid (OTG), a cyberpunk Battle Royale 2.0
10/ io.net secured $30.0M in Series A led by HackVC
io.net is a decentralized computing network enables the development, execution, and scaling of ML applications on the Solana Blockchain, Putting together 1 million GPUs to form the world's largest GPU colony & DePIN.
BIGGEST FUNDRAISING ROUNDS LAST WEEK 💰 18 - 24 March
1/ Succinct Labs secured $43.0M in Series A led by Paradigm
Succinct is building a decentralized prover network so that anyone can build blockchain applications and infrastructure secured by cryptographic truth, not trust.
2/ Espresso Systems secured $28.0M in Series B led by a16z crypto
Espresso Systems is an EVM-compatible blockchain that provides scaling and privacy systems for Web 3 applications
3/ Morph secured $20.0M in Seed led by Dragonfly
Morph is a fully permissionless EVM L2 that uses a combination of optimistic and zero-knowledge rollup technology.
4/ Mystiko Network secured $18.0M in Seed led by Peak XV Partners
Mystiko Network is the ZK layer of Web3 which provides a universal ZK protocol and a ZK software development kit that features scalability, interoperability, and privacy all at once.
5/ Tokenize Xchange secured $11.5M in Series A+ led by Trive
Tokenize Xchange is a Singapore-headquartered digital asset exchange that enables the trading of digital assets in a safe and secure environment with competitive fees.
6/ MANTRA secured $11.0M in funding round led by Shorooq Partners
MANTRA aims to be the first RWA L1 blockchain capable of adherence and enforcement of real world regulatory requirements.
7/ Rails secured $6.2M in Seed led by Slow Ventures
Rails is a self-custodial crypto exchange that leverages a centralized order book to drive optimal trade execution.
8/ Keyring Network secured $6.0M in Seed led by gumi Cryptos Capital & Greenfield Capital
Launched in 2022, Keyring equips financial service providers with permissioning tools for compliant transactions on-chain, powered by zero-knowledge privacy.
9/ Tanssi Network secured $6.0M in Strategic led by KR1, SNZ Holding, Scytale Digital
Tanssi Network is an appchain infrastructure protocol backed by Polkadot's shared security framework.
10/ Sablier Finance secured $4.5M in Seed
Sablier Finance is a cryptoasset streaming protocol, user can stream tokens by the second on Sablier.