According to Foresight News, there were 25 investment and financing events in the crypto market from March 25 to March 31, including 6 in tools and infrastructure, 8 in DeFi, 5 in asset management, 4 in blockchain games and NFT, and 2 in Web3. The total amount of investment and financing disclosed was US$310 million, of which the amount of financing for many transactions was not disclosed.
This week, there was one financing of over 100 million US dollars, and the hardware wallet Ledger completed 100 million euros at a valuation of 1.3 billion euros. There were 4 financings of tens of millions of dollars, including AI project Fetch.ai completed 40 million US dollars; Ethereum re-staking agreement EigenLayer completed 50 million US dollars A round of financing, led by Blockchain Capital; climate financial technology company Agreena completed 46 million euros B round of financing, and will use blockchain to enhance carbon credit traceability and transparency.
Among the investment and financing segments, the DeFi sector was the hottest this week, while the Web3, NFT and blockchain game sectors were relatively unpopular.
Institutional investors this week include DWF Labs, Dragonfly, Animoca Ventures, and Polygon Ventures.
etc., mainly focusing on DeFi and asset management.
Note: Fundraising from investment funds is not included in project financing.
Tools and Infrastructure
Blockchain technology company nChain makes strategic investment in TradeWindow, with investment transaction value of US$7 million
BSV protocol developer nChain announced that it has entered into a major agreement to hold a 19.99% stake in TradeWindow, with the investment transaction valued at $7 million. In addition, nChain's strategic investment will provide TradeWindow with additional software engineering capabilities to accelerate its Web3 transformation and the delivery of its trade platform. Founded in December 2018, TradeWindow is a software company listed on the New Zealand Stock Exchange (NZX) that provides digital solutions for exporters, importers, freight forwarders, etc. TradeWindow will enhance the performance of its trade platform by adopting BSV.
Source link
Hardware wallet Ledger completes 100 million euro financing at a valuation of 1.3 billion euros
Hardware wallet Ledger has completed a €100 million (US$109 million) financing round with a valuation of €1.3 billion. New investors True Global Ventures, Cité Gestion SPV, Digital Finance Group and VaynerFund as well as existing investors 10T, Cap Horn, Morgan Creek and Cathay Innovation participated in the investment. Goldman Sachs Bank Europe SE served as the exclusive placement agent and Jones Day served as legal advisor.
Source link
AI project Fetch.ai completes $40 million in financing
Fetch.ai, a Web3 protocol focused on artificial intelligence, has received a $40 million investment from DWF Labs. This round of financing will be used to deploy decentralized machine learning, autonomous agents, and network infrastructure.
Source link
Customizable blockchain infrastructure NULS receives strategic investment from DWF Labs
Customizable blockchain infrastructure NULS received strategic investment from DWF Labs and established a strategic partnership with DWF Labs to promote the development of NULS ecological projects. NULS said that it recently launched the ENULS blockchain, which is fully compatible with EVM, to support developers to develop projects more conveniently in the NULS ecosystem.
Source link
Web3 hardware manufacturer JDI Global completes a new round of strategic financing, with Dragonfly and others participating
Web3 hardware manufacturer JDI Global has completed a new round of strategic financing, with participation from Dragonfly, Futuremoney, LinkVc, Lancer, etc. This round of financing will be used to accelerate the completion of providing cutting-edge solutions for Web3.
Source link
Middleware platform Particle Network completes $7 million in financing
The middleware platform Particle Network has completed a $7 million financing round, with investors including Animoca Brands, Longhash Ventures, GSR Ventures, HashKey and OP Crypto. Particle Network's core product is a login and wallet middleware solution that helps developers integrate Web3 authentication solutions into DApps. Particle Network currently supports EVM public chains, Solana and Tron, and will later support NEAR and Aptos.
Source link
DeFi
Cross-chain transaction aggregator LI.FI completes $17.5 million Series A financing, led by CoinFund and Superscrypt
Cross-chain transaction aggregator LI.FI announced the completion of a $17.5 million Series A financing, led by CoinFund and Superscrypt, with participation from Bloccelerate, L1 Digital, Circle, Factor, Perridon, Theta Capital, Three Point Capital, Abra and nearly 20 angel investors. LI.FI said that the funds raised will be used to accelerate the development of LI.FI products in multi-chain, DEX, cross-chain bridges, etc., as well as to strengthen sales, business development, marketing, etc.
Source link
DeFi infrastructure protocol Econia Labs completes $6.5 million in financing
Aptos Ecosystem DeFi infrastructure protocol Econia Labs has completed a $6.5 million seed round of financing, led by Dragonfly, with participation from Lightspeed Faction, Wintermute Ventures, Hudson River Trading, Aptos Labs, and Flow Traders. Econia Labs aims to develop a back-end protocol that provides order book trading and supports integration with DeFi applications that offer a range of trading options, such as spot trading or leveraged derivatives. The protocol was developed in collaboration between Econia Labs and the Aptos team.
Source link
Sui Ecosystem DEX Turbos Finance Receives Investment from Jump Crypto, Investment Amount Undisclosed
Sui ecosystem decentralized trading platform Turbos Finance announced that it has received an investment from Jump Crypto, and the investment amount was not disclosed. Turbos Finance said that Jump Crypto has supported it with its strategic partners since June 22 last year to build a non-custodial DEX on Sui.
Source link
Ethereum re-staking protocol EigenLayer completes $50 million Series A financing, led by Blockchain Capital
EigenLabs, the team behind Ethereum re-staking protocol EigenLayer, has completed a $50 million Series A financing round, led by Blockchain Capital, with participation from Coinbase Ventures, Polychain Capital, Hack VC, Electric Capital, IOSG Ventures, etc., and the valuation terms were not disclosed. EigenLabs was founded in 2021 by Sreeram Kannan, an assistant professor at the University of Washington in Seattle. In February this year, it said it was seeking to raise $50 million at a $250 million post-equity valuation and a $500 million token valuation. In addition, EigenLayer had received $14.5 million in seed round financing led by Polychain Capital and Ethereal Ventures.
Source link
CoinDCX Ventures makes strategic investment in Orderly Network
NEAR ecosystem decentralized trading protocol Orderly Network has completed a financing from CoinDCX Ventures in a strategic investment round. The specific amount of financing has not been disclosed. Arjun Arora, COO of Orderly Network, said that the financing was achieved through a simple future token agreement (SAFT) with a valuation of US$200 million, the same valuation when Orderly raised funds from Laser Digital, a crypto subsidiary of Nomura Securities, in November 2022. In June 2022, Orderly Network completed a strategic financing of US$20 million, with investors including Pantera Capital, Dragonfly Capital, Sequoia China, Jump Crypto, GSR Markets, MetaWeb.VC, Foresight Ventures, SevenX, IOSG, Cobo Ventures and some strategic partners. Founded in April 2022 and incubated by NEAR and WOO Network, Orderly Network uses on-chain order books to provide a platform equipped with risk engines, matching engines and shared asset pools for DApp construction.
Source link
Perpetual contract platform Narwhal Finance completes $1 million in financing
Narwhal Finance, a perpetual contract platform based on BNB Chain and Arbitrum, has completed a $1 million financing round, led by Animoca Ventures, with participation from Hailstone Ventures and others. Narwhal Finance allows users to trade perpetual contracts including cryptocurrencies, foreign exchange, indices and stocks, with a maximum leverage of 1,000 times. In addition, the platform also provides copy trading functions.
Source link
Decentralized NFT AMM Midaswap Completes Angel Round Financing and Will Start Alpha Testing in Two Weeks
Decentralized NFT AMM Midaswap has completed its angel round of financing. The amount of financing has not been disclosed. Midaswap was invested and incubated by Foresight X, an accelerator under Foresight Ventures. Midaswap will start Alpha testing within two weeks. The test is open to early supporters. Users with the roles of "Gold Hands", "Legend", "Master" and "NFT Trader" in Discord can participate in the test. Midaswap is a modular NFT Swap. Users can provide liquidity through any ERC20 and NFT, and the liquidity pool will be aggregated into a "total pool" to reduce the cost of NFT market making. In addition, standardized LP tokens will also natively support NFTFi.
Source link
Overcollateralized stablecoin project Davos Protocol receives investment from MH Ventures and LD Capital
Overcollateralized stablecoin project Davos Protocol tweeted that it has received investment from MH Ventures and LD Capital. Davos Protocol currently supports pledging MATIC to mint stablecoin DAVOS. Davos Protocol received a $500,000 Pre-Seed round of financing from Polygon Ventures and Polygon co-founder Sandeep Nailwal.
Source link
Asset Management
Climate Fintech Company Agreena Completes €46 Million Series B Funding to Use Blockchain to Enhance Carbon Credit Traceability and Transparency
Climate fintech company Agreena announced the completion of a €46 million Series B financing round, led by HV Capital, with participation from AENU, Anthemis, and existing backers Gullspång Re:food and Kinnevik. Agreena plans to expand its carbon farming program and develop new fintech solutions, including using sustainable blockchain technology to enhance the traceability and transparency of carbon credits. Founded in 2018 and headquartered in Copenhagen, Denmark, Agreena operates a soil carbon platform that helps farmers, governments and businesses achieve net zero emissions and finances the transition to regenerative agriculture.
Source link
Blockchain customer rewards platform apM Coin has received $5 million investment from DWF Labs
Blockchain customer rewards platform apM Coin announced that it has received a $5 million investment and an optional cooperation contract worth $1.5 million from DWF Labs. apM Coin said that through investment and cooperation with DWF Labs, it will jointly develop and expand the inter-chain payment solution of the apM Coin Project. The apM Coin project cooperated with apM Group, the largest B2B clothing wholesale mall in South Korea, and the apM Members mobile application has been introduced in three shopping malls. In addition, the apM NFT e-Voucher service has been launched and can be purchased in the app and used in the clothing wholesale market.
Source link
Polytrade Completes $3.8 Million Seed Round Financing, Led by Polygon Ventures and Others
Blockchain-based trade finance protocol Polytrade has completed a $3.8 million seed round of financing, led by Alpha Wave, Matrix Partners, Polygon Ventures and CoinSwitch Ventures, with other investors including Singularity Ventures and GTM Ventures. The company has previously been supported by Polygon co-founder Sandeep Nailwal and QuickSwap co-founder Sameep Singhania. Polytrade's initial modules include a financing department that brings real-world earnings to Web3, and the platform aims to provide working capital financing and invoicing for SMEs and large enterprises. The company is open to the retail market, but it focuses on institutional players and also hopes to expand in the Latin American, US and European markets.
Source link
Indonesian crypto exchange Mobee completes new round of financing, led by 1982 Ventures
Indonesian cryptocurrency exchange Mobee has completed a new round of financing. The specific amount was not disclosed. 1982 Ventures led the investment, and several Indonesian family offices and individual investors participated in the investment. The funds raised will be used to expand the business, launch new products, and hire more senior people from the financial services and digital asset industries.
Source link
Derivatives protocol Cega completes $5 million in new seed round of financing, led by Dragonfly
Cega, a derivatives protocol founded by former UBS derivatives trader Arisa Toyosaki, has completed a new round of seed financing of $5 million, led by Dragonfly, with participation from Pantera Capital and Robot Ventures. The funds raised will be used to launch new products on Ethereum, including leveraged options, and existing products will continue to be available on Solana. In addition, Cega will also launch a new market maker entity called Tras Mobian next week, which will focus on ordinary and exotic cryptocurrency derivatives. In March last year, Cega completed a $4.3 million seed round of financing, led by Dragonfly Capital, with participation from Pantera Capital, Coinbase Ventures, Alameda Research, Solana Ventures, etc.
Source link
NFT and blockchain games
Music NFT project Daniel Allan Entertainment completes $1 million seed round of financing, led by Coop Records
Music producer and Web3 enthusiast Daniel Allan recently announced that he has raised $1 million in seed funding to build the music NFT project Daniel Allan Entertainment. The round of financing was led by Coop Records, with participation from Palm Tree Crew Crypto, Noise DAO, Woodstock DAO and Fire Eyes DAO, as well as angel investors Adam Kornfield, Ante Hoathe, DegenDavinci, Ash Egan, Nic Carter, George Lambeth, Kyle Samani, Shayon Sengupta, Jacob Horne, Adam Levy, FutureMoney Group and Jason Meinzer. Daniel Allan said that he produced the first music NFT in April 2021, and in the past year and a half, the primary sales of his NFTs have generated a total revenue of 228 ETH and the secondary sales have generated a total revenue of 105 ETH.
Source link
Music NFT Trading Platform and All-in-One App Muverse Completes $6 Million Seed Round
Music NFT trading platform and all-in-one application Muverse has completed a $6 million seed round of financing, with participation from Syndicate Capital, Knights Templar Capital, Zonff Partners, AvatarDAO, Sun Artland Ltd and BN Blue Fox Limited. The funds raised will be used to expand the platform's functions and services, accelerate user acquisition and enhance user experience. Muverse is developing its second phase of products, which will include a music NFT exchange, NFT fragmentation capabilities and an AMM pool for its F-NFT/MCT transactions. Muverse is a community-driven music NFT trading platform and all-in-one application that allows music artists, investors and fans around the world to participate in frictionless NFT transactions, providing users with gamified interaction, investment and income scenarios, including a rhythm game combined with a revenue model and an NFT exchange that provides users with ample liquidity.
Source link
Saudi NFT Marketplace Nuktah Completes Seed Round of Funding, Animoca Brands Leads Investment
Saudi Arabia's NFT market Nuktah recently announced the completion of a seed round of financing. The specific amount was not disclosed. Animoca Brands led the investment, and the blockchain platform Polygon and some investors participated in the investment. The new funds will be used to develop Nuktah's business in product development, marketing, talent recruitment and other functional areas in the next 12 months. Nuktah was founded in 2021 by photographer, artist, and Web3 and blockchain advocate Salwa Radwi and is licensed by the Saudi Ministry of Communications and Information Technology and the Ministry of Investment.
Source link
Metaverse developer LandVault completes $3 million Series B extension round
LandVault, a metaverse development company, has completed a $3 million Series B extension round of financing, with investors including The Sandbox, Gemini Frontier Fund, HodlCo and hedge fund Kingsway Capital. LandVault announced last week that it had completed a $37 million financing round, led by The Sandbox, SoftBank and Kingsway Capital, with participation from HodlCo, Gemini Frontier Fund and others. LandVault said that in the past two years, it has worked with partners such as Heineken, L'Oréal and Mastercard to create the metaverse infrastructure. The company will use this funding to continue its Web3 expansion and create AI tools, while expanding the size of its teams in Asia, Dubai, Europe and the United States.
Source link
Web3
Blockchain startup Coadjute completes $5 million financing, led by Praetura Ventures
Real estate blockchain startup Coadjute has completed a £4 million ($5 million) round of financing, led by Praetura Ventures and participated by Reech Corporations Group. The funds will be used to expand its network in the real estate market. Coadjute is a blockchain-based workflow solution that enables transparency in the progress of property transactions, using the Corda enterprise blockchain, and previously completed $8 million in financing at the end of 2021.
Source link
Web3 social platform SO-COL completes $4.5 million in financing
SO-COL, a Web3 social platform created by Irene Zhao, founder of IreneDao, has completed $4.5 million in financing in two rounds. The latest round of financing worth $1.5 million was provided only by DWF Labs. In May last year, SO-COL also raised $3 million in a round of financing led by Blockchain Capital. Zhao said that the financing valuation in May was $100 million, but declined to comment on the latest valuation of DWF financing. SO-COL completed a $1.75 million seed round in February 2022. Irene Zhao said that all three rounds of financing were token financing. Investors purchased SO-COL's simp tokens. SO-COL, based on Ethereum, plans to move to multi-chain and support more Layer 1 and Layer 2 blockchains, including StarkWare.
Source link
other
Crypto 1 Establishes C1 Secondaries Fund, Aims to Invest $500 Million in Secondary Markets for Cryptocurrency, Web3, and Fintech Companies
Crypto 1 announced the establishment of C1 Secondaries Fund, an investment fund with the goal of investing $500 million in the secondary market of blockchain, cryptocurrency, Web3 and fintech companies, focusing on digital assets, blockchain technology and applications, cryptocurrency services (not direct cryptocurrency investment), Web3 financial applications and advanced fintech. C1 Secondaries Fund is managed by C1 Investment Advisors LLC, which is headquartered in the United Arab Emirates and Silicon Valley. The team recently founded and led the initial public offering of Crypto 1 Acquisition Corp, raising $230 million.
Source link