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Financing Weekly
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2024-12-15 15:02 116

Organization: Golden Finance

This week’s largest financing round

Avalanche (Ava Labs)

< p style="text-align: left;">Avalanche (Ava Labs) successfully raised a round of financing from Galaxy Digital, Dragonfly Capital, ParaFi Capital*, SkyBridge Capital, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital (formerly Republic Labs), Morgan Creek Capital, FinTech Collective, CMCC Global, Superscrypt, Cadenza, Chorus One and Tane, among others, raised $250 million.

Avalanche is an open source platform for launching decentralized applications and enterprise blockchain deployments in the same ecosystem.

Seed round and Pre-seed financing status

Uranium Digital raised funds in the Pre-seed round from Portal Ventures*, Framework Ventures, Karatage, Santiago R. Santos, Jason Raised $1.7 million from Yanowitz, Marc Weinstein, Alex Svanevik and others.

Uranium Digital is a startup focused on the uranium market, achieving this goal through tokenization. By representing uranium ore (or yellowcake) with a blockchain token, the platform enables seamless trading in an otherwise underfunded and heavily regulated industry. The token simplifies the transaction process, while the underlying uranium is securely stored and only accessible to permitted buyers for physical settlement. This approach bridges the gap between accessibility and compliance, providing a transparent, decentralized market for uranium trading.

Fantasy top raised money from Dragonfly Cap in the Seed round of financingItal*, Manifold and others raised $4.3 million.

Fantasy top is a SocialFi trading card game (TCG) where players earn ETH by leveraging their favorite influencers’ Twitter activity. , BLAST and FAN points. The game showcases crypto Twitter influencers through trading cards, allowing players to participate in online games that monetize their social capital and research expertise in the cryptocurrency community.

Perena raised funds from Borderless Capital*, Binance Labs Fund, Primitive, Anagram, Maelstrom, Breed VC, Temporal, ABCDE Capital, SevenX Ventures in the pre-seed round , Pivot Global, Miton, Graph Ventures and others raised an undisclosed amount of funding.

Perena is a decentralized finance (DeFi) platform designed to enhance the usability, liquidity, and rewards of stablecoins in the ecosystem. It provides a set of tools designed to facilitate the seamless exchange of on-chain assets and maximize yield generation from idle stablecoin liquidity. By consolidating liquidity into a central asset, Perena enables new stablecoins to access existing liquidity pools and underlying assets at lower costs, lowering barriers to entry. The platform also solves the problem of fragmented and shallow liquidity pools by unifying liquidity and promoting efficient asset allocation.

Spicenet raised funds from Hack VC, Magnus Capital, TPC Ventures, Public Works, WAGMI Ventures, DoraHacks, P- Raises $3.4 million in funding from OPS Team, The Rollup Ventures, Tekin Salimi, George Lambeth, Nick White, John Adler, Zaki Manian, Smokey The Bera and others.

SpiceNet is an app rollup customized for fast, reliable and capital-efficient trading. It runs as a sovereign rollup on Celestia, using SovereiThe ZK fraud proof in the gn SDK reduces the challenge period to hours, enhancing fraud prevention capabilities. SpiceNet provides sub-millisecond transaction processing, fee-free transactions and scalability through asynchronous execution and sharding. Its modular toolkit includes shared order books and integrated exchange infrastructure, enabling developers to create high-performance trading applications with shared liquidity.

Neptune Protocol raised funds from Animoca Ventures, CMS Holdings, Bloccelerate, Maelstrom, Infinity Ventures Crypto (IVC), Builder Capital, RockTree Capital, and Wise3 Ventures in the Seed round of financing , Veil, Optic Capital, Relayer Capital, Stake Capital, WAGMI Ventures, NxGen, Zephyrus Capital, Global Coin Research (GCR), Revelo Intel, Cogitent Ventures, MH Ventures, Meltem Demirors, Ben Lakoff, Kartik Talwar and others.

Neptune Protocol is a decentralized lending platform native to the Eclipse ecosystem, powered by the Solana Virtual Machine (SVM). Its flagship product, USDN, is an over-collateralized stablecoin soft-pegged to the U.S. dollar, enabling users to obtain zero-interest loans while retaining collateral. Neptune improves capital efficiency for holders of ETH, SOL, TIA and other assets in the Eclipse, Ethereum, Solana and Celestia ecosystems.

Exabits raised $15 million in Seed funding from Hack VC*.

xaBITS is a decentralized infrastructure built for AI and computing-intensive applications, committed to promoting a fair, accessible and user-friendly AI ecosystem. Users can contribute to the exaBITS infrastructure without a central authority, train unique AI models, and provide distributed GPU services, data storage, or expertise to the AI ​​community while interacting using Web3 identities.

ProvLabs (formerly Provenance Blockchain) raised funding in the Seed round from Animoca Brands, Blockchange Ventures, CMT Digital, GateCap Ventures, Medalist Partners, Morgan Creek Capital, Provenance Blockchain Foundation, Serengeti Asset Management, The Operating Group, Raised an undisclosed amount of funding from Thirdstream Partners, Walden Bridge Capital and others.

ProvLabs (Provenance Blockchain Labs, Inc.) provides blockchain infrastructure solutions for digitizing real-world assets at scale. It is designed for the public Layer 1 network Provenance Blockchain is built to provide enterprise-grade APIs, SaaS tools and professional services to help financial institutions deploy decentralized applications (dApps). Its services include integration with public Mainnet and private Zones to ensure the security and scalability of asset digitization, At the same time, Kast is preparing for its future financial business in the Seed round of financing from Peak XV Partners (formerly Sequoia India & South East). Asia), HongShan (formerly Sequoia China), DST Global, Goodwater Capital and others raised US$10 million in funding.

KAST is a stablecoin-backed financial platform that offers virtual and physical cryptocurrency cards for global spending. The platform is designed for on-chain savings, earnings, and transactions, supporting stablecoins such as USDT, USDC, and USDe on its cards. With Apple Pay and Google Pay-compatible, enabling seamless shopping at more than 100 million merchants worldwide. Users benefit from real-time spending tracking, budgeting tools, and rewards programs. With advanced encryption technology and multi-factor authentication, KAST takes precedence in managing and spending digital assets. Consider privacy and security

Mandala Chain in Pre-s.eed round of financing raised US$1 million from Harbor Industrial Capital*, NLS Ventures, O-DE Capital Partners and others.

Mandala Chain is a hybrid Layer 1 blockchain designed to integrate mobile, enterprise and retail applications, starting with Indonesia. It is built on Substrate to ensure data security, support decentralized identity, and achieve cross-chain interoperability. Its native token, Kepeng Coin ($KPG), supports governance and transactions, driving the adoption of Web3 in emerging markets.

SmarDex raised US$4.5 million in Seed round of financing (Note: The information here in the original text is incomplete and no investors are listed).

SmarDex is a decentralized exchange (DEX) that utilizes an innovative Automated Market Maker (AMM) algorithm to solve the problem of impermanent loss and make it possible Convert this into impermanent returns. SmarDex operates on multiple blockchain networks including Ethereum, Binance Smart Chain, Polygon, Arbitrum, and Base, providing users with efficient token exchange, liquidity through volatility vaults, and investment opportunities.

Other funding rounds

Glacier Labs raised $3.4 million in a public funding round.

Glacier Network is a Layer-2 Rollup network designed to promote the development and interaction of decentralized applications (DApps). Through its own smart contract ecosystem, it provides a comprehensive ecosystem of data configuration to achieve granular control, complete data ownership, and seamless integration of decentralized databases (DDB). Glacier Network enables users to manage data usage for financial benefits, becoming a promising platform for building and scaling Web3 applications with programmable data composition solutions.

MegaLabs (MegaETH) raises $10 million in public funding round.

MegaLabs is the developer of MegaETH, a blockchain that aims to achieve 100,000 transactions per second (TPS) and is fully compatible with EthereumBlockchain. MegaETH uses a heterogeneous blockchain architecture and an ultra-optimized EVM execution environment to achieve real-time processing and high transaction throughput. This architecture enables network nodes to specialize and minimizes hardware requirements for full nodes, ensuring the blockchain is fast, secure, and efficient.

Privasea raised an undisclosed amount in a funding round with participation from Lunar Labs Capital.

Privasea AI Network is a solution to the data privacy challenges in artificial intelligence. It revolutionizes machine learning inference by combining fully homomorphic encryption with a blockchain-based incentive mechanism, enhancing privacy and promoting collaborative AI computing while ensuring users a secure and private AI computing experience.

Superform Labs in a strategy involving VanEck*, Polychain Capital, CMT Digital, Amber Group, Node Capital, BlockTower Capital, Heartcore Capital, Maven 11 Capital and UpTop Raised $3 million in funding round.

Superform is a permissionless cross-chain yield market designed specifically for DeFi protocols, allowing them to list their own vaults or asset pools. Users can deposit funds into these vaults and earn yields, and Superform simplifies this process by abstracting away exchanges and bridging and providing a single yield management interface.

Waterfall Protocol (BlueWave) raised $11.6 million in a funding round involving Bolt, Alpha Token Capital and Enflux.

Waterfall Protocol is a Layer 1 highly scalable and fully decentralized smart contract platform based on directed acyclic graph (DAG) by software development company BlueWave Technology and rapid finality Proof of Stake (PoS) consensus mechanism development. It is designed to provide scalability, security and a truly decentralized governance platform for the development of decentralized applications (Dapps), while being compatible with the Ethereum Virtual Machine (EVM) and having low hardware requirements for validators.

AgriDex raises $4 million in strategic funding round with participation from Portal Ventures*, Sycamore Gap Management Ltd., Endeavor Ventures, Hawkwood Capital and HU Investments.

AgriDex A RWA marketplace powered by Solana, AgriDex is revolutionizing the global agriculture industry by providing a transparent and integrated platform with its own internal economic system. Utilizing on-chain fiat currency, smart contracts and participatory auditing, AgriDex provides agricultural supply chain management. Providing a compliant and streamlined solution that enables participants in the agricultural sector to trade efficiently and transparently

Remora Markets is powered by Step. Finance raised an undisclosed amount in a merger and acquisition (M&A) funding round

Remora Markets. Tokenized securities are being brought to the Solana blockchain, enabling users around the world to seamlessly purchase whole shares or fractional shares of a stock on-chain, with these tokens represented in the form of SPL tokens. ized assets are fully composable and interoperable with Solana’s DeFi ecosystem, allowing immediate integration with major platforms. Remora Markets connects traditional finance and decentralized finance to provide a smooth, borderless and accessible trading experience. p>

Wild Forest raises $100,000 in public funding round.

Wild Forest It is a free real-time strategy (RTS) game based on the Ronin blockchain that provides fast-paced player versus player (PvP) combat and card collection elements. Players build bases, manage resources, and control units for dynamic battles in the game. is to destroy your opponent's castle. The game features a variety of maps, each with a unique theme and layout, enhancing strategic depth. Players can collect and upgrade NFT unit cards to enhance their decks with higher-level cards. Wild provides greater value and power in combat. Forest is available on Android, iOS, PC and Mac platforms

Zodia Custody is hosted by Emirates NBD.An undisclosed amount of funding was raised in a funding round.

Zodia Custody is a digital asset custody company that provides safe and compliant custody services to institutional investors. The company, co-founded by Standard Chartered Bank and Northern Trust, combines traditional banking expertise with innovative digital asset solutions. Zodia Custody operates with the approval of regulators including the UK Financial Conduct Authority and the Central Bank of Ireland, ensuring strict compliance standards. The company provides services including cold wallet storage, staking, and seamless transactions from cold wallets, aiming to meet the complex needs of institutional clients in the ever-evolving digital asset space.

Commonware is funded by HAUN Ventures, Dragonfly Capital, Nick White, Viktor Bunin, Sreeram Kannan, Dan Romero, Scott Sunarto, Smokey The Bera and Zaki Manian raised $9 million in a round of funding.

Commonware is an open source blockchain framework based on Rust, designed to provide specialized high-performance on-chain applications. It provides modular foundation components for consensus, encryption, peer-to-peer communication, runtime execution, storage, and stream processing, enabling developers to tailor blockchain components to specific application needs. By decoupling traditional blockchain layers, Commonware aims to achieve ultra-high throughput and promote seamless interoperability, thereby empowering developers to build customized and efficient blockchain solutions.

Sphere Labs is led by Coinbase Ventures, Kraken Ventures, Anagram, Temporal, Anza, Pyth Network, BOOGLE, Nom, Echo, Shoe on Ventures, Joe McCann Raised $5 million in strategic funding round.

Sphere Labs is a stablecoin operating system designed to provide merchants in emerging markets with cost-effective, secure and near-instant cross-border payment solutions. As the fundamental interface between end users and stablecoins, Sphere orchestrates blockchain, custodial infrastructure and financial services through an easy-to-use graphical user interfaceProvider that makes stablecoin payments within reach.

Nano Labs raised $36.3 million in a private placement round.

Nano Labs Ltd is a leading fabless IC design company focusing on high throughput and high performance computing (HTC and HPC) solutions. Its innovative product line includes advanced chips such as the Cuckoo and Darkbird series, which are the first near-memory HTC chips and are optimized for bandwidth-intensive applications. Nano Labs is also a pioneer in distributed computing, storage solutions, smart network cards, visual computing chips and rendering technology. Leveraging the company's proprietary Stream Processing Unit (FPU) architecture, Nano Labs combines the features of HTC and HPC to meet the needs of cutting-edge computing.

GEODNET has raised an undisclosed amount of funding in a funding round led by ParaFi Capital.

GEODNET is a decentralized network that combines real-world Earth observations with blockchain technology to collect data from space weather stations around the world geospatial data and provide secure and reliable data products. Participants contribute to the network by installing geodetic-grade Global Navigation Satellite System (GNSS) antennas on their rooftops and are rewarded with GEOD tokens for their contributions.

Soarchain raises $4.5 million in funding round led by Taisu Ventures, BlockBuilders, Hyperithm, Plug and Play Ventures, Chorus One, Cogitent Ventures, Elevate Ventures .

Soarchain is a sovereign application chain designed to create token-incentivized data and connectivity infrastructure for vehicles. It enables cars to collect and share real-time data about their surroundings, improving safety, efficiency and autonomy in cities. Developers and data consumers can access this vehicle-generated data to build applications and services on a secure, open platform. The system reduces the cost of delivering improved services and promotes the development of smarter and more connected cities.

Hyperbolic raised funds from Variant Fund, Polychain Capital, Chapter On in Series A financinge, Lightspeed Faction, Bankless Ventures, GSR Markets LTD, IOSG Ventures, Vertex Ventures, Blockchain Builders Fund (BBF), Wintermute, Alumni Ventures (AVG) and Ambush Capital raised $12 million.

Hyperbolic is an AI cloud platform that integrates global computing resources to provide accessible, economical and scalable GPU resources and AI services. The platform provides high-throughput and low-latency AI inference services, scalable GPU access (with pay-as-you-go plans), and monetization options for idle GPUs. Hyperbolic supports multiple GPUs and ensures high availability, scalability, security, and fair compensation for contributions. Aimed at researchers, companies, data centers and individuals, the platform aims to drive the adoption of AI by making computing resources more accessible and affordable.

Klickl raises $25 million in Series A funding from Web3Port Labs, Aptos Labs, Summer Ventures, Heritage Horizon Capital, Alpha Square Group, Heng Feng Group and The Bond Group .

Klickl is a regulated open banking and virtual asset platform in the Middle East and North Africa (MENA) region, providing comprehensive crypto-friendly financial services. Its services include the Klickl 4U application for managing digital and fiat currencies, regulated custody solutions, payment gateways and brokerage services. Focusing on security and compliance, Klickl operates under a decentralized license and aims to provide inclusive financial services globally.

BounceBit received an undisclosed amount of financing from Boyaa Interactive.

BounceBit, a sister company of Bounce Finance, is a Bitcoin re-pledge protocol and native BTC re-pledge chain. It adopts a dual-token staking system jointly secured by Bitcoin and BounceBit tokens, and introduces a unique combination of DeFi and CeFi revenue mechanisms, allowing BTC holders to earn revenue through native validator staking, DeFi ecosystem, and CeFi mirroring mechanisms .

Orion Principals received an undisclosed amount of M&A financing from Crypto.com Capital.

Orion Principals Limited is an Abu Dhabi-based brokerage firm regulated by the Abu Dhabi Global Market (ADGM). The companyThe company provides comprehensive financial services, including securities trading, futures, options, contracts for difference (CFDs) and foreign exchange (Forex) transactions in major global markets. The company serves high net worth individuals, active traders and institutional investors, providing access to over 40,000 financial instruments through its proprietary platform Orion Trader and a 24/5 active trading desk.

Relai raised $12 million in Series A funding from Ego Death Capital*, Plan B Bitcoin Fund, Timechain and Solit Group.

Relai is a Bitcoin-only investment platform that allows small and medium-sized businesses to add Bitcoin to their balance sheets. The platform is designed to be simple, intuitive and secure, making it easy for anyone in Europe to save and invest in Bitcoin.

Skip received an undisclosed amount of M&A financing from the Interchain Foundation.

Skip provides blockchain infrastructure tools for cross-chain connectivity and data accessibility. Its solutions include Skip:Go API for seamless multi-chain interaction, Skip:Go Widget for cross-chain user onboarding, and Skip:Connect, a native oracle system for real-time data streaming. These tools provide efficient interoperability and sovereignty for decentralized applications.

TLX received an undisclosed amount of M&A financing from Synthetix.

TLX is a decentralized leveraged token protocol on the Optimism Network, enabling users to mint and trade tokens in up to 50+ assets with up to 20x leverage. TLX is powered by Synthetix’s Perps V2 engine, providing deep liquidity, composability, and ERC-20 compliant tokens for seamless DeFi integration.

Astra DAO received an undisclosed acquisition financing from Token Metrics.

Astra DAO is a decentralized, non-custodial automated crypto asset allocator and Launchpad platform originally built on Ethereum and now running on Arbitrum. It offers users a variety of crypto-oriented investment strategies through index and participating unit markets. ASTRA, the platform’s native utility token, facilitates governance, staking, and reward distribution. Astra DAO’s Launchpad supports new blockchain projects and provides a comprehensive and secure environment for token sales.

SettleMint received an undisclosed amount of funding from The Hashgraph Association (THA).

SettleMint is a low-code blockchain platform that allows developers with little blockchain knowledge to build Web3 applications. The platform includes a set of ready-to-use tools, frameworks, templates and APIs for development teams.

Dtravel received an undisclosed funding from Modular Capital.

Dtravel is a decentralized travel ecosystem that uses blockchain to solve trust, reputation and connectivity issues in the industry. Its protocol creates a single source of truth for travel data, enabling better connectivity and direct bookings, while Dtravel Direct enables short-term rental operators to build their brands and grow their direct booking businesses. The ecosystem also includes Dtravel Meridian, a composable NFT travel profile for owning travel history, reputation and data, facilitating a trustless system for direct bookings.

Lava raised $10 million in Series A funding from Khosla Ventures, Founders Fund, Peter Thiel and Joey Krug.

Lava is a financial platform that enables users to save in Bitcoin and spend in U.S. dollars. It offers a Bitcoin-backed debit card that enables users to make everyday purchases seamlessly. By combining Bitcoin savings with traditional spending, Lava builds a bridge between cryptocurrency holders and traditional finance.

Terrace raises $2.5 million in a public funding round.

Terrace is an all-in-one non-custodial cryptocurrency trading terminal and portfolio management system, integrating more than 40 centralized and decentralized trading venues and covering more than 13 blockchain networks . It provides trading tools for spot and derivatives markets, including smart order routing, limit orders, time-weighted average price (TWAP), and real-time order books. The platform’s Pathfinder feature enables optimal path execution between any token-chain combination, while multi-wallet support allows users to seamlessly manage portfolios across various wallets and chains. Terrace serves both institutional investors and retail traders, providing comprehensive solutions for efficient and secure cryptocurrency trading.

ChainAware.ai raised an undisclosed amount in a funding round from ChainGPT Labs* and CoinIX Capital.

ChainAware.ai is an AI-based platform that enhances Web3 security and user engagement with proprietary AI models tailored for the complexity of blockchain. It provides tools such as Wallet Auditor, Fraud Detector and Rug Pull Detector for fraud detection and wallet behavior assessment on Ethereum, Polygon, BNB Smart Chain and TON networks.for predictive analysis. In addition, ChainAware.ai provides Web3 marketing solutions, including profiling-based targeting and user analysis to optimize marketing strategies and increase user conversion rates.

Bounty Bay raised an undisclosed amount in a funding round from Animoca Brands.

BountyBay is a Web3 social commerce platform integrated into Telegram, leveraging The Open Network (TON) blockchain to connect brands, creators and Telegram’s massive user base. It facilitates a seamless social shopping experience, enabling users to earn rewards through social recommendations and group purchases.

ApeScreener raised an undisclosed amount in a funding round from Messier.

Apescreener is an AI-powered portfolio advisor and tracker designed to help users build, grow and liquidate their cryptocurrency investments. By leveraging advanced AI solutions, it identifies investment opportunities and guides users on the optimal amount to invest, allowing them to make informed decisions in the cryptocurrency industry.

Keywords: Bitcoin
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