According to incomplete statistics from Odaily, a total of 16 domestic and overseas blockchain financing events were announced from January 15th to January 21st, an increase from last week’s data (15 cases). The total amount of financing disclosed was approximately US$215 million. That’s up sharply from last week’s figure ($72.35 million).
Last week, the project that received the largest amount of investment was digital asset financial services group HashKey Group (nearly $100 million); French cryptocurrency market maker Flowdesk was not far behind ($50 million).
The following are specific financing events (Note: 1. Sorted according to the announced amount; 2. Excludes fund raising and mergers and acquisitions; 3. *Represents companies in the traditional field where some of the business involves blockchain):
On January 16, according to official news, digital asset financial services group HashKey Group announced the completion of nearly US$100 million in Series A financing at a pre-money valuation of more than US$1.2 billion. In addition to the active subscription and support from existing shareholders, new investors in this round of financing include large institutional investors, leading Web3 institutions and strategic partners.
This round of financing will be used to deepen HashKey’s full ecological layout in the virtual asset industry, accelerate the diversification of licensed business products in Hong Kong, and promote the group’s global compliance and innovation development.
On January 18, French cryptocurrency market maker Flowdesk completed a $50 million Series B financing. This round of financing was led by Cathay Innovation, with participation from Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, Ripple, and Bpifrance (French state-owned investment bank) .
On January 18, institutional staking platform Kiln announced the completion of US$17 million in financing, led by 1kx, with participation from IOSG Ventures, Crypto.com, Wintermute Ventures, KXVC, LBank and existing investors. The new financing will be used to fund Kiln’s global expansion, including growing the regional unit by opening its Asia Pacific (APAC) headquarters in Singapore in the first quarter of 2024, and by expanding its platform to include various reward mechanisms within DeFi to further develop the product.
On January 16, Digital Infrastructure, a startup focusing on decentralized physical infrastructure networks, recently completed a US$11.5 million Series A financing, led by cryptocurrency investment company CoinFund, Slow Ventures, ConsenSys Mesh, Borderless Capital, Bill Ah Kermans Table Management and former General Motors CEO G. Rick Wagoner Jr. also participated in the investment. Digital Infrastructure is developing the DIMO Network, a decentralized vehicle data protocol that allows drivers to collect and view their own car data and earn incentives in DIMO tokens.
On January 19, Web3 digital identity service platform Root Protocol has raised US$10 million through two financing transactions. The latest financing was led by Animoca Brands, DFG, Signum Capital, Ankr Network, CMS Holdings, and angel investors Tekin Salimi and Meltem Demirors participated in the investment. It is reported that Root Protocol mainly provides digital identity services for unified Web3 platform access.
On January 18, cryptocurrency exchange WOO Pulsar, AlphaLab Capital, Efficient Frontier, Amber and Riverside Hedge. The main purpose of this strategic financing is to further strengthen the cooperation between market makers and WOO X and improve its liquidity.
Web3 data analysis company 0x Scope completes US$5 million in financing, led by HashKey Capital
On January 16, according to official news, Web3 data analysis company 0x Scope completed a $5 million Pre-Series A round of financing. This round of financing was led by HashKey Capital and included Redpoint China, OKX Ventures, GSR Markets, Amber Group, Antalpha and DHVC. and existing shareholders Mask Network, Hash Global and XIN Family also participated in the investment.
Web3 gaming company AOFverse completed a $3 million private placement round led by Animoca Ventures
On January 19, Web3 mobile gaming company AOFverse announced the completion of a US$3 million private equity round of financing, led by Animoca Ventures, with participation from Liquid X Ventures, Chainridge VC, Ticker Capital, Flying Falcon and BSCN Gaming Ventures. AOFverse previously received grant support from the Arbitrum Foundation.
On January 16, EigenLayer ecological liquidity re-pledge protocol Renzo announced the completion of a US$3.2 million seed round of financing, led by Maven 11, SevenX Ventures, IOSG Ventures, Figment Capital, Bodhi Ventures, OKX Ventures, Mantle Ecosystem, Robot Ventures, Paper Ventures Waiting for participation.
Data tracking platform Safary raises US$2.4 million in funding led by Lemniscap
On January 19, Web3 data tracking platform Safari announced the completion of US$2.4 million in pre-seed financing. This round of financing was led by Lemniscap, with participation from Arca, SevenX, Big Brain Holdings, Saison Capital, Diaspora Ventures and 20 web3 angel investors. 14 of them are members of the Safari community.
Canza Finance completes US$2.3 million in strategic financing, led by Polychain
On January 17, blockchain finance company Canza Finance announced the completion of a strategic financing of US$2.3 million, with Polychain leading the investment, Protocol Labs, Ava Labs, 99 Capital, Bitscale Capital, Stratified Capital, Contango Digital Assets, Kairon Labs, Mapleblock Capital and others participating. cast.
Canza Finance will use the funds from this round to further develop its tools and services, working to reduce the cost of doing business on the continent.
On January 18, Web3 payment platform Fetchch announced the completion of a $1.5 million Pre-Seed round of financing, led by Hashkey Capital and AppWorks Venture, with participation from LD Capital, Compute Ventures, M 6 and GravityX Capital.
According to reports, the new financing will be used to expand the engineering and research teams and accelerate the development of cutting-edge payment solutions to enable individuals and businesses to conduct seamless and secure transactions on the blockchain.
Web3 advertising platform Linkko completes strategic financing, led by W 3 M Ventures
On January 18, Web3 advertising platform Linkko completed strategic financing, led by Web3 Media (W 3 M) Ventures. The specific financing amount has not yet been disclosed. The new funding will be used to develop features, expand partnerships and grow its user base.
Founded in 2023 and headquartered in Singapore, Linkko aims to use on-chain analytics to provide advertisers with “precise” targeting, where targeted users can watch ads and receive rewards (the rewards range from a few cents to a few dollars).
Bitcoin L2 inscription platform LessGas receives strategic investment from Satoshi Lab
On January 18, the Bitcoin L2 inscription platform LessGas received strategic investment from Satoshi Lab. The amount of financing has not yet been disclosed.
LessGas is the Bitcoin L2 engraving platform. This product is based on the Bitcoin L2 MAP Protocol. LessGas aims to redefine the distribution of engraving income and flow the fee income into the L2 network instead of the Bitcoin L1 network. The engraving income will be allocated to support dApp development. and the LessGas community.
Korean project LayerBank announces investment from Manta Network
On January 19, according to official news, the Korean project LayerBank announced that it had received investment from Manta Network. LayerBank stated that it will strengthen protocol security and expand its own ecosystem through financing. The partnership with Manta Network will open up strategic growth opportunities for further market expansion.
Web3 social platform DeBox receives investment from DWF Ventures
On January 19, Web3 social platform DeBox announced a strategic partnership with DWF Ventures on the X platform and received investment from DWF Ventures. The amount of financing has not yet been disclosed.
