According to Foresight News, there were 21 investment and financing events in the crypto market from December 3 to December 9, including 6 in tools and infrastructure, 3 in DeFi, 4 in asset management, 5 in blockchain games and NFT, and 3 in Web3. The total amount of investment and financing disclosed was approximately US$163 million, and the amount of financing was not disclosed for many of the investments and financings.
There were only five multi-million dollar investment and financing deals this week, including Bitcoin.com's $50 million private placement of VERSE tokens, accounting for 16% of the total supply; hardware wallet manufacturer NGRAVE plans to raise $15 million in Series A funding, with Binance Labs confirmed to lead the round; and DeFi derivatives protocol Perennial completed $12 million in financing.
Among the investment and financing segments, asset management, tools and infrastructure were relatively active this week, while the popularity of the Web3 track declined.
In terms of institutions, active institutions this week include Binance Labs, Polychain Capital and Coinbase Ventures, which mainly focus on asset management, tools and infrastructure.
Note: Fundraising from investment funds is not included in project financing.
Tools and Infrastructure
Bitcoin mining company 360 Mining completes $2.25 million in equity financing
360 Mining, a bitcoin mining company based in Austin, Texas, has raised $2.25 million in equity financing from Luxor Technologies, a bitcoin mining software and services company, and BT Growth Capital. 360 Mining raised $6 million in seed funding in October 2021 and began mining in February 2022.
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Web3 security infrastructure provider GoPlus Security is raising its second private round of funding, led by Binance Labs
Binance Labs, the venture capital, innovation and incubation arm of Binance, announced that it is leading the second round of private financing for GoPlus Security, a provider of Web3 security infrastructure. GoPlus Security will use the funds to further develop security data, build a security service market, and attract talent. GoPlus Security has developed a real-time, dynamic, and automated security detection platform covering tokens, NFTs, malicious addresses, approval security, contract security, and DApp security. Previously, GoPlus Security completed a multi-million dollar private round of financing in May this year.
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Stablecoin startup Membrane Finance completes €2 million funding
Finnish stablecoin startup Membrane Finance has completed a €2 million seed round of financing from Maki Ventures. Membrane Finance has obtained an e-money license from the Finnish regulator and will issue a regulated, fully-reserved euro stablecoin EUROe. The stablecoin will be available on major blockchains, and in order to generate income, Membrane Finance will invest a certain percentage of its fiat reserves in low-risk assets.
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Crypto trading compliance company Argus completes $2.8 million seed round
Argus, a cryptocurrency trading compliance software company, announced the completion of a $2.8 million seed round of financing, led by CRV. Argus was founded by Owen Rapaport and Omar Amjad in early 2021 and was incubated by the startup accelerator Y Combinator. Argus makes software for funds, market makers, and exchanges to help combat insider trading and front-running.
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Tea, an open source software construction platform on the chain, completes 8.9 million seed extension round financing
Tea, an open source software building platform on the chain, announced the completion of a $8.9 million seed extension round of financing, led by Acuitas Group Holdings, with participation from Betaworks Ventures, Percival VC, Round 13 Digital Assets Fund, StrongBlock and Wax Blockchain. In March of this year, Tea completed a $8 million seed round of financing, led by Binance Labs, with participation from XBTO Humla Ventures, Lattice Capital, DARMA Capital, Coral DeFi, Woodstock, Rocktree, SVK Crypto and MAKE Group. Tea is an open source unified package manager for software developers. The proposed protocol will enable package maintainers to receive an NFT when they complete a package submission, which will be used to prove their work and guide the key to Tea rewards.
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Hardware wallet maker NGRAVE plans $15 million Series A funding
Hardware wallet maker NGRAVE plans to raise $15 million in Series A funding. Sources said Binance Labs led the round with a pre-money valuation of $60 million. NGRAVE's flagship product zero has been sold in 90 countries or regions, with cumulative sales of $2.2 million. NGRAVE currently has 25 employees and plans to more than double the size of the team next year. In addition, NGRAVE said it plans to provide products including staking and trading in the future to generate additional income.
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DeFi
DeFi derivatives protocol Perennial completes $12 million in financing
DeFi derivatives protocol Perennial has completed a $12 million financing led by Polychain Capital and Variant, with participation from Archetype, Coinbase Ventures, Scalar Capital, Robot Ventures, etc. Perennial has launched its mainnet. Perennial was co-founded by Kevin Britz and Arjun Rao. Prior to Perennial, the two co-founded Astro Wallet in 2017, which was acquired by Coinbase in 2019.
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DeFi and NFT liquidity protocol LiquidFactory completes $1.25 million in financing, led by KuCoin Labs and Republic Capital
LiquidFactory, a DeFi and NFT liquidity protocol, announced the completion of a $1.25 million strategic financing led by KuCoin Labs and Republic Capital, with participation from Lapin Capital, Acheron, Ascensive Assets and IDG Capital. The funds will support LiquidFactory's vision of unlocking liquidity for DeFi, GameFi and NFT.
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Panoptic, a perpetual options protocol without an oracle, raises $4.5 million in funding led by Gumi Cryptos Capital
Panoptic, a Uniswap-based oracle-free perpetual options protocol, has completed $4.5 million in financing, led by Gumi Cryptos Capital, with participation from Uniswap Labs Ventures, Coinbase Ventures, Jane Street, SevenX Ventures, Avalanche Foundation's Blizzard Fund, and others. Panoptic co-founder and COO Jesper Kristensen said the funding was obtained through equity plus token warrants. The new funds are planned to be used to expand its team, build protocols, and audit its code. Kristensen said that there are currently six employees working for Panoptic, and the company hopes to add two more employees. Panoptic will launch its platform in the first quarter of next year. Panoptic was founded in July by Kristensen, former head of research at Advanced Blockchain AG, and Guillaume Lambert, professor of applied physics at Cornell University, to build a perpetual, oracle-free decentralized crypto options trading protocol. The first version of Panoptic will be based on Uniswap's automated market maker (AMM), and plans to support other AMMs later.
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Asset Management
Digital financial technology company Mercurity Fintech Holding completes $5 million financing
Mercurity Fintech Holding, a digital financial technology listed company, has completed a $5 million private equity financing, and the investors have not been disclosed. This round of financing will be used to develop cryptocurrency consulting services in the United States, including obtaining an operating license from the New York Financial Services Department to engage in digital currency-related activities. Mercurity Fintech Holding's main businesses include digital asset trading, asset digitization, cross-border remittances, etc., and it has recently begun to deploy in related fields such as Bitcoin mining, digital currency investment and trading.
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Bitcoin.com Completes $50 Million Private Fundraising for VERSE Tokens, Representing 16% of Total Supply
Bitcoin.com has completed a $50 million private placement of VERSE tokens, accounting for 16% of the total supply. Buyers include Digital Strategies, Blockchain.com, KuCoin Ventures, Redwood City Ventures, Boostx Ventures and Poly Network. In addition, VERSE has started trading on the decentralized exchange Verse DEX at 8:30 Beijing time today. Bitcoin.com has also launched the Verse Development Fund, which will begin accepting grant applications from developers and other ecosystem participants in the first quarter of 2023. 34% of the VERSE token supply is allocated to the Verse Development Fund, and the tokens will be linearly released to the fund over 7 years. Foresight News previously reported that Bitcoin.com completed a $33.6 million private placement of VERSE tokens in May this year, and Digital Strategies, KuCoin Ventures, Blockchain.com, etc. purchased 10% of the VERSE token supply.
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Latin American open finance platform Syncfy completes $10 million seed round
Latin American open finance platform Syncfy announced the completion of a $10 million seed round of financing, led by Point72 Ventures, with participation from JAM Fund, Ausum Ventures, Avalancha Ventures, FJ Labs, MANTIS Venture Capital and XBTO Humla Ventures, and angel investors including Tether co-founder Brock Pierce and quantum artificial intelligence engineer Hartmut Neven. The Syncfy platform supports a single API to access financial data from more than 15 countries in Latin America and more than 125 different banks, digital wallets, tax authorities, utility providers, cryptocurrency exchanges and blockchains internationally.
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Crypto accounting and compliance platform Bitwave completes $15 million Series A funding round led by Hack VC and Blockchain Capital
Crypto accounting and compliance platform Bitwave announced the completion of a $15 million Series A round led by Hack VC and Blockchain Capital, with participation from SignalFire and others. Bitwave co-founders Pat White and Amy Kalnoki said the funds will help develop Bitwave Institutional, a flagship product for corporate clients. In August 2021, Bitwave completed a $7.25 million seed round led by Blockchain Capital, with participation from Nascent, Nima Capital and others.
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NFT and blockchain games
Game development platform The Mirror completes $2.3 million in financing
The Mirror, a development platform that allows independent developers to build virtual world games, has completed a $2.3 million Pre-Seed round of financing, led by Founders Found, with participation from Konvoy Ventures, Abstract Ventures, Florida Funders and Palm Tree Crew. The Mirror provides tools for creating 3D multiplayer games set in virtual worlds, including real-time collaborative applications.
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NFT startup Metagood completes $5 million in financing, with Animoca Brand and others participating
NFT startup Metagood has completed a $5 million Pre-seed round of financing, with participation from Animoca Brands, Morgan Creek Capital founder and CEO Mark Yusko, and Virgin Group investment manager Freddie Andrewes. The funds will be used to grow the company, recruit new talent, and build OnChainMonkey's community and tools. Metagood launched the NFT series OnChainMonkey, which aims to give community members the opportunity to promote and fund social welfare projects through its DAO, which raised 2,000 ETH in one year.
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Web3 gaming community platform Earn Alliance completes $4.75 million seed round of financing, led by CoinFund and Fabric Ventures
Web3 gaming community platform Earn Alliance announced the completion of a $4.75 million seed round of financing, led by CoinFund and Fabric Ventures, with participation from Blockchain Coinvestors, MAD World Ventures and angel investors. The Alpha version of the Earn Alliance platform is scheduled to be launched on December 15 this year. Earn Alliance is building a community platform with tools and features including Web3 games, game smart news feeds, soul badges and quest systems, and articles.
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AnimocaAnimoca Brands has acquired a majority stake in music metaverse gaming platform company Pixelynx.
Animoca Brands has acquired a majority stake in Pixelynx, a music metaverse gaming platform company. Animoca Brands led a $4.5 million seed round in Pixelynx in November 2021. Pixelynx was founded by DJ and electronic musicians Joel Zimmerman, Richie Hawtin, and several other industry professionals. Earlier this year, Pixelynx announced its first AR experience, Elynxir, an AR music experience powered by Niantic Lightship. Brands has acquired a majority stake in Pixelynx, a music metaverse gaming platform company.
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Game blockchain Oasys completes a new round of strategic financing, with Galaxy Interactive, Nexon and others participating
Oasys, a PoS blockchain focused on gaming, has completed a new round of strategic financing. Galaxy Interactive, South Korean gaming giant Nexon, Presto Labs, MZ Web3 Fund, Hyperithm, Jets Capital, Jsquare, AAG, YJM Games and ChainGuardians participated in the investment. The specific amount was not disclosed. The funds raised will be used to further strengthen its validator network and expand its gaming partner pool to enhance the Oasys ecosystem. Investors will also provide opportunities for the growth of Oasys and related parties. Oasys is a PoS blockchain focused on gaming, including Layer 1 and Layer 2 solutions, of which the second-layer network can provide users with a high-speed, zero-gas fee experience.
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Web3
Web3 video platform Shibuya completes $6.9 million in financing, led by a16z and Variant
Shibuya, a Web3 video platform launched by digital artist Emily Yang, has raised $6.9 million in funding, led by a16z Crypto and Variant, with participation from celebrities such as Paris Hilton and NBA star Kevin Durant, Alibaba co-founder Joseph Tsai, and DeFi trading platform Aave founder Stani Kulechov. The platform is valued at $50 million in this round of funding. Shibuya aims to use Web3 services to help filmmakers raise funds and distribute movies through fans, rather than relying on the Hollywood production system.
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Treble Technologies, a virtual sound simulation technology company focusing on the metaverse, raised $8.41 million in funding
Treble Technologies, an Icelandic virtual sound simulation technology company focusing on the metaverse, announced that it has raised 8 million euros (about 8.41 million U.S. dollars), including 5.5 million euros in seed round financing and 2.5 million euros in grants from EIC. Among them, the seed round financing was led by Frumtak Ventures, and Nova, the venture capital department of Saint-Gobain Group, participated in the investment. Treble Technologies said that the newly obtained funds will enable the company to expand its commercial network and infrastructure while continuing to prepare for the beta testing phase and public release in early 2023. Treble Technologies has developed proprietary technologies for sound simulation and spatial audio specifically for virtual environments.
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Art creator platform Wildxyz completes $7 million in financing
Art creator platform Wildxyz has completed a $7 million financing round led by Matrix Partners. Wildxyz aims to build an artist gathering place and original digital art platform, and establish new ways for fans to interact.
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other
Venture capital firm WFC launches $24 million angel fund and $30 million cross-border angel fund, which may invest in the crypto field
Venture capital firm We Founder Circle (WFC) announced the launch of a $24 million angel fund "Invstt Trust" and a $30 million cross-border angel fund "We Founder Circle Global Angels Fund". WFC will focus on investing in electric vehicles, agricultural technology, fintech and other fields. WFC said it has partnered with Amazon to launch the "Dcrypt" campaign to find the best deals and opportunities in the cryptocurrency field. WFC founder Neeraj Tyagi said, "Web3, cryptocurrency and NFT are considered asset classes in India, and alliances with other partners are needed before entering these industries. To this end, we are working with Amazon, Cisco and Microsoft."
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Philippines startup accelerator Archipelago Labs launches $10 million Web3 fund
Archipelago Labs (A-Labs), a Philippine startup accelerator backed by the Philippine Digital Asset Exchange (PDAX), Oak Drive Ventures, and Magellan Digital Investment Group, has launched a $10 million Web3 Fund. Archipelago Labs will provide investment and advisory services and also hopes to host hackathons and incubators for specific verticals.
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