According to incomplete statistics from Odaily Planet Daily, there were 39 blockchain financing events announced at home and abroad from February 5 to February 18, with a total disclosed financing amount of approximately US$250 million.
The project that received the most investment was the crypto payment application Oobit (US$25 million); the NFT mortgage lending platform MetaStreet followed closely behind (US$25 million).
The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and M&A events; 3. * indicates a "traditional" company whose business involves blockchain):
Crypto payment app Oobit completes $25 million Series A funding
On February 15, crypto payment app Oobit announced the completion of a $25 million Series A financing round, led by Tether’s investment institution, CMCC Global’s Titan Fund, 468 Capital and Solana co-founder Anatoly Yakovenko, but the Singapore-based company declined to disclose the specific valuation of the investment. Oobit revealed that the company plans to open cryptocurrency payment functions to third-party wallets, which may enable Oobit to transform into a non-custodial crypto payment application.
NFT mortgage lending platform MetaStreet raises $25 million, with Andrew Kang and others participating
On February 15, NFT mortgage lending platform MetaStreet announced on the X platform that it had completed a $25 million financing round, with participation from Andrew Kang, dingaling, GMoney, MrBlock, DCF God, Sisyphus, Spencer, FreeLunchCapital, Jae Chung, GoodAlexander, etc. Following the $24 million in seed and venture rounds in 2022, MetaStreet's total financing reached $49 million.
Cross-chain interoperability protocol Analog completes $16 million financing at a valuation of $120 million, led by Tribe Capital
On February 13, cross-chain interoperability protocol Analog announced that it had completed a $16 million financing at a valuation of $120 million, led by Tribe Capital, with participation from NGC Ventures, Wintermute, GSR, NEAR, Orange DAO, Mike Novogratz's Samara Asset Group, Balaji Srinivasan, and others. Analog founder Victor Young said that the round of financing started in October last year and ended in December through SAFT.
Modular blockchain Lava Network completes $15 million seed round of financing, led by Jump Capital, Hashkey Capital and Tribe Capital
On February 15, modular blockchain infrastructure developer Lava Network completed a $15 million seed round of financing, led by Jump Capital, Hashkey Capital, and Tribe Capital, with participation from North Island Ventures, Dispersion Capital, Alliance DAO, Finality Capital Partners, etc. Executives from Celestia, Cosmos, StarkWare, Filecoin, and other blockchain ecosystems also participated in this round of financing.
Ethena Labs Completes $14 Million Strategic Round of Financing, Dragonfly and Others Lead Investors
On February 16, Ethena Labs announced the completion of a $14 million strategic round of financing with a valuation of $300 million. Dragonfly, Brevan Howard Digital and Maelstrom, the family office of BitMEX founder Arthur Hayes, jointly led the investment, and PayPal Ventures, Franklin Templeton, Avon Ventures, Binance Labs, Deribit, Gemini and Kraken participated in the investment.
Architect, founded by former FTX.US president, raises $12 million, led by BlockTower Capital and Tioga Capital
On February 14, Architect Financial Technologies, a crypto startup founded by former FTX.US president Brett Harrison, completed a new round of financing of US$12 million, led by BlockTower Capital and Tioga Capital, with participation from new investors CMT Digital, ParaFi Capital, A Capital, Twelve Below and existing investors Coinbase Ventures, SVA, Third Kind, SALT Fund, US Digital Trust and others.
The new financing brings Architect's total financing to $17 million since its inception in January 2023. It is reported that Architect is committed to building trading software to make centralized and decentralized crypto markets more accessible to large investors such as institutions.
Nibiru Chain Completes $12 Million in Financing, with Kraken Ventures and Others Participating
On February 14, L1 blockchain Nibiru Chain announced that it had completed a new round of financing of US$12 million, with participation from Kraken Ventures, ArkStream Capital, NGC Ventures, Master Ventures, Tribe Capital and Banter Capital.
It is reported that Nibiru Chain completed a seed round of financing of US$8.5 million with a valuation of US$100 million last year, with Tribe Capital, Republic Capital, NGC Ventures and Original Capital jointly leading the investment; in early February, it also completed a strategic round of financing with the participation of Oddiyana Ventures.
Blockchain game studio Overworld completes $10 million seed round of financing
On February 15, blockchain game studio Overworld announced today that it has raised $10 million in seed funding. The lead investors include Hashed, The Spartan Group, Sanctor Capital and Galaxy Interactive, with participation from Hashkey, Big Brain Holdings and Foresight Ventures. The funds will be used directly for the creation of games, and Overworld is currently recruiting for multiple roles in the studio. The studio is developing its first game, tentatively named Overworld, a Web3 free-to-play action role-playing game based on the Xterio token, with anime-style art design.
MPC wallet company Fordefi completes $10 million financing, led by Electric Capital
On February 13, MPC wallet company Fordefi announced the completion of a $10 million financing round, led by Electric Capital, with participation from Paxos and Alchemy. It is reported that Fordefi is expanding its self-hosted MPC wallet products to retail service platforms, such as trading platforms and fintech platforms, and further reducing the risk of interaction with DeFi applications.
Web3 SaaS engagement platform Vatom completes $10 million Series B funding at a $125 million valuation
On February 16, Vatom, a Web3 SaaS participation platform based on the Metaverse, announced that it had completed a $10 million Series B financing round with a valuation of $125 million. GSV AirCO led the investment, with Heart Media, Galaxy Digital, Raine Group and Bat VC participating.
Vatom's Web3 metaverse engagement solution can help companies better connect with customers, employees, and stakeholders through a seamless immersive experience. Its customers include Google, PepsiCo, Procter & Gamble, Deloitte, Verizon, iHeart Media, State Farm, WPP, etc. The new funds will expand users to support its customer base and expand marketing and product teams.
Web3 gaming data analytics provider Helika completes $8 million Series A funding
On February 16, Helika, a data analytics and infrastructure provider for traditional and Web3 games whose clients include Animoca Brands and Yuga Labs, announced the completion of an $8 million Series A funding round from Pantera, Animoca, Diagram and Sfermion.
Web3 gaming platform provider Meme Kombat has completed nearly $8 million in financing
On February 15, Web3 game platform provider Meme Kombat has completed nearly $8 million in financing in its latest fundraising campaign, with a hard cap target of $10 million. It is reported that the total token supply of Meme Kombat is 120,000,000, of which 30% is used for staking and battle rewards, 10% is used for community rewards, and 10% is used for decentralized exchange liquidity.
Blueprint Finance receives $7.5 million in funding
On February 16, Blueprint Finance announced that it had received US$7.5 million in funding from cryptocurrency native investors such as Tribe Capital, Hashed, Portal Ventures, and SALT to solve the problem of cryptocurrency liquidation.
Crypto payment solution Code completes $6.5 million seed round of financing, led by M13 and USV
On February 6, the crypto payment solution Code completed a $6.5 million seed round of financing, led by M13 and Union Square Ventures (USV).
According to reports, Code has been launched today and has developed an application to enable online micropayments. In addition, the team has released a developer platform and is about to launch a new blogging tool that allows anyone to get paid for writing.
Cross-chain yield market Superform Labs completes $6.5 million in financing, Polychain Capital leads seed round
On February 8, the cross-chain yield market Superform Labs announced that it had raised a total of $6.5 million in financing through angel and seed rounds. Polychain Capital led the seed round, and BlockTower Capital, Maven 11, Circle Ventures and others participated. Superform is a permissionless cross-chain yield market that allows DeFi protocols to list their vaults or asset pools, and crypto users can deposit funds into these vaults and earn returns.
Oracle Truflation Completes $6 Million in Financing, Led by Laser Digital and Red Beard Ventures
On February 10, the on-chain oracle project Truflation announced the completion of a $6 million financing round, led by Laser Digital and Red Beard Ventures, with participation from existing investors such as Modular Capital and Four Seasons Ventures, Chainlink, Fundamental Labs, C 2 squared, Cogitent Ventures, and the Israel Blockchain Association.
Bitcoin Web3 infrastructure provider Omega completes $6 million in financing, with Borderless and others participating
On February 7, Bitcoin Web3 infrastructure provider Omega announced the completion of a $6 million financing round, with participation from Borderless, Psalion VC, Lightspeed Faction, Bankless Ventures, Blockchain.com, Humla Ventures, XBTO, Wave Digital Assets, Kronos Research and others.
Payment platform KeynesPay completes $5.5 million Pre-Seed round of financing
On February 16, digital asset financial services group Keynes Group announced that its third-party payment platform KeynesPay completed a $5.5 million Pre-Seed round of financing at a pre-investment valuation of over $50 million. New investors include large institutional investors, Web3 institutions and strategic partners. This round of financing will be used to deepen KeynesPay's payment ecosystem layout in the virtual asset industry, accelerate the diversification of payment licensed business products, and promote the group's compliance and innovative development on a global scale.
DEX aggregator Flood completes $5.2 million seed round of financing, led by Bain Capital Crypto and Archetype
On February 8, DEX aggregator Flood completed a $5.2 million seed round of financing, led by Bain Capital Crypto and Archetype, with participation from Robot Ventures. Flood is a DEX aggregator currently live on Arbitrum One and plans to expand to Ethereum, Base, and Optimism in the coming months.
Pixels Completes $4.8 Million Strategic Round of Financing, with Framework Ventures and Others Participating
On February 9, according to official news, Ronin ecosystem blockchain game Pixels announced the completion of a US$4.8 million strategic round of financing, with participation from Framework Ventures, Collab+Currency, Volt Capital, Yield Guild Games, Sky Mavis, Tokenmetrics Ventures, Forj Network, Mechanism Capital, Fenbushi Capital and others.
L2 startup LightLink completes $4.5 million seed round led by TB Media Global and MQDC
On February 12, L2 startup LightLink announced the completion of a $4.5 million seed round of financing, led by TB Media Global and MQDC, with participation from JellyC, Aweh Ventures, Blue 7 and B 3 V. LightLink said the new funds will support its "Translucia" multiverse project, which aims to integrate the virtual world and the real world.
Filecoin ecosystem liquidity pledge agreement Glif completes $4.5 million seed round of financing
On February 6, Filecoin ecosystem liquidity pledge protocol Glif announced the completion of a $4.5 million seed round of financing, led by Multicoin Capital and others. The new funds will expand its services to users and launch a points program to reward users. According to people familiar with the matter, the points program may be related to subsequent token airdrops.
Web3 gaming platform Ultiverse raises $4 million, led by IDG Capital, with participation from Animoca Brands and others
On February 1, 4, AI-driven one-stop Web3 gaming platform Ultiverse completed a strategic round of financing of US$4 million, led by IDG Capital, with participation from Animoca Brands, Polygon Ventures, MorningStar Ventures, Taiko, ZetaChain, Manta Network, DWF Ventures and Jacob KO (Superscrypt partner). This financing brings Ultiverse's valuation to US$150 million.
Web3 company Startale Labs completes $3.5 million in financing, Samsung Next Ventures and others participate
On February 6, Web3 startup Startale Labs completed a $3.5 million financing, with participation from UVM Signum Blockchain Fund, Sony Network and Samsung Next Ventures, and a post-financing valuation of $63.5 million. It is reported that Startale Labs was founded in January 2023 and is headquartered in Singapore, focusing on Web3 infrastructure development. Startale Labs also has a subsidiary in Japan that specializes in research, development and consulting services for Web3 companies in the country.
Blockchain digital ownership solution provider Witness completes $3.5 million seed round of financing
On February 16, Witness, a blockchain digital ownership solution provider, announced the completion of a $3.5 million seed round of financing, led by Haun Ventures and participated by Coinbase Ventures. Witness mainly uses blockchain technology to build digital ownership and provide users with clear data proof. It aims to redefine the paradigm of application usage in the encryption field based on reducing Gas fees. Its team members mainly come from companies such as Paradigm, Google and Facebook.
Web3 game studio Great Big Beautiful Tomorrow completes $3 million seed round led by Shima Capital
On February 10, Great Big Beautiful Tomorrow, a Web3 game studio based on the Polygon blockchain, announced the completion of a $3 million seed round of financing, led by Shima Capital, with participation from Sfermion, GSR Markets, Arca, Lyrik Ventures, Flying Falcon, Press Start Capital, 32-Bit Ventures, and Polygon Labs.
Web3 gaming service provider Exverse completes $3 million in financing, with Epic Games and others participating
On February 16, Exverse, a Web3 game service provider headquartered in Dubai, UAE, announced the completion of a $3 million financing round, led by Cogitent Ventures, Cointelligence and Moonrock Capital, with participation from KuCoin Labs, Epic Games, Seedify and ChainGPT. Exverse is currently focusing on developing first-person shooter Web3 games using Epic Game's Unreal Engine 5 game engine, and the new funds will be used to expand operations and accelerate development progress.
Security and analytics company FuzzLand completes $3 million seed round led by 1kx
On February 9, security and analysis company FuzzLand completed a $3 million seed round of financing, led by 1kx, with participation from HashKey Capital, SNZ, and Panga Capital. FuzzLand said the funding will help accelerate the development of automated solutions for smart contract analysis using dynamic analysis and distributed computing software. FuzzLand was founded by Shou, Jeff Liu, and Koushik Sen to provide cutting-edge vulnerability detection and analysis capabilities that go beyond traditional solutions.
WATCHES.IO, a luxury watch trading platform based on encryption technology, completes $1.9 million in Pre-Seed round of financing
On February 14, WATCHES.IO, a luxury watch trading platform based on encryption technology, announced the completion of a US$1.9 million pre-seed round of financing. This round of financing was led by Lemniscap, with participation from Builder Capital, Soft Holdings, Darkside Capital, Big Brain Holdings, Marin Ventures and many angel investors. It is reported that Web3 users can purchase, trade and invest in watches on the platform.
Derivatives trading protocol IntentX completes $1.8 million in strategic financing, led by Selini Capital
On February 13, derivatives trading protocol IntentX completed a strategic financing of US$1.8 million, led by Selini Capital, with participation from Orbs, Mantle, Mirana Ventures, Kronos Research and Manifold Trading.
Automated security protocol Drosera completes $1.55 million in financing, with Anagram and others participating
On February 16, the automated security protocol Drosera announced the completion of a $1.55 million financing round, with participation from Anagram, Arrington Capital, UDHC, Comfy Capital, Bodhi Ventures, Metamatic, BaseDAO, Asymmetric, Zeal Capital, Everstake, 01 Node, Marin Ventures, Infinite Capital, NxGen, etc. It is reported that Drosera is an automated security protocol used to detect vulnerabilities and reduce financial losses.
Web3 digital identity startup Metropolis raises $1.2 million, with Outlier Ventures, IBC and others participating
On February 18, Web3 digital identity startup Metropolis announced the completion of a new round of financing of US$1.2 million. Cointelegraph Accelerator, Lamina 1 Ecosystem Fund, ACS, Outlier Ventures, Protocol Labs, Primal Capital, Zephyrus Capital, Cluster Capital, EthLizards, Acacia Digital, Block Consult, IBC and several strategic angel investors participated in the investment.
Blockchain mobile game development company Ginger Joy completes £1 million financing
On February 12, blockchain mobile game development company Ginger Joy announced the completion of a £1 million financing round, equivalent to approximately $1.26 million. The company plans to build interconnected Web3 games native to mobile devices and gradually develop a mass-market Web3 mobile gaming ecosystem.
Merlin Chain Completes Funding to Build Native BTC L2, OKX Ventures and Others Invest
On February 9, Bitcoin's second-layer solution Merlin Chain announced the completion of financing, with 24 institutions including OKX Ventures, ABCDE, Foresight Ventures, and Arkstream Capital participating. Merlin Chain focuses on Bitcoin-native solutions, integrating key modules such as ZK-Rollup network, decentralized oracle network, and fraud proof on Bitcoin chain, aiming to empower Bitcoin's first-layer native assets, protocols, and application ecosystems, so that it can continue to innovate and amplify asset potential on the second-layer network.
Web3 and social game publisher Carry 1st receives strategic investment from Sony Innovation Fund
On February 15, Web3 and social game publisher Carry 1st announced a strategic investment from Sony Innovation Fund. The specific amount has not been disclosed. Since its establishment, Carry 1st has received more than $60 million in financing. It is reported that Carry 1st is the first investment of the recently established Sony Innovation Fund: Africa, a $10 million fund launched by Sony in 2023 to support and invest in African entertainment startups.
Bitcoin instant settlement trading platform LN Markets completes seed round financing, Lemniscap participates
On February 6, LN Markets, a Bitcoin instant settlement trading platform, announced the completion of its seed round of financing, with Lemniscap participating. The specific amount of financing has not been disclosed. In addition, the two parties have also reached a cooperation to provide DLC Markets, a trustless over-the-counter derivatives trading platform for financial institutions. The Discreet Log Contract (DLC) built by LN Markets enables DLC Markets to provide a wide range of applications to manage over-the-counter derivatives transactions to reduce counterparty risk.
DeFi protocol Folks Finance completes strategic round of financing, Algorand Ventures participates
On February 7, the DeFi protocol Folks Finance announced the completion of a strategic round of financing, with Algorand Ventures participating. Folks Finance previously received support from Borderless Capital, Jump, Parafi, and Coinbase Ventures, and the latest financing will allow users to expand its product suite technology and expand the reach of the Algorand ecosystem through cross-chain bridging and assets.
WEB3 Metaverse Platform LightCycle Receives Strategic Investments from Bybit, HashKey Capital, Web3port Foundation and Other Institutions
On February 8, the fashion metaverse platform LightCycle recently announced that it has received strategic investment from multiple institutions including Bybit, HashKey Capital, Web3port Foundation, and Vertex Labs. This round of financing will mainly be used to promote the expansion of the platform's application scenarios, team growth, and marketing activities.
OKX Ventures participates in UniSat Pre-A round of financing
On February 9, UniSat officially announced that OKX Ventures participated in UniSat Wallet's Pre-A round of financing. Since 2023, UniSat Wallet and OKX have been working closely together in the Bitcoin ecosystem. In addition, SWC Global, Vitalbridge Capital and ABCDE also participated.