Compiled: Golden Finance

This week, 38 blockchain startups raised a total of $540.6 million in funds.

Figure raised $200 million from Sixth Street in a round of financing.

Figure is a blockchain technology startup that uses Provenance Blockchain to provide loan initiation, equity management and payment services. It is considered a global unicorn company, aiming to transform the financial services industry by bringing speed, efficiency and savings to consumers and institutions.

Orochi Network raised $12 million in seed rounds from Presto Labs, Smape Capital, Anti Capital, Maxx Capital Official, Aza Ventures, Connectico Capital, Kyros Ventures, Titans Ventures, Bolts Capital and other institutions.

Orochi Network is a groundbreaking verifiable data infrastructure designed to address scalability, privacy, and data integrity challenges in the blockchain ecosystem. By leveraging advanced encryption technologies such as Zero Knowledge Proof-of-Skills (ZKPs) and Multi-Party Computing (MPC), Orochi provides high-performance, secure, and cost-effective solutions for Web3 applications. Its product suite includes zkDatabase, zkMemory, Orocle, Orand and OroSign, all aimed at enhancing data availability and verifiability on decentralized platforms.

Finisterra Labs (Baselight) raised $3.8 million from HAUN Ventures* and Lightshift in a seed round.

Finisterra Labs is a decentralized data infrastructure platform that realizes the discovery, query and monetization of structured data through Baselight. Leveraging blockchain technology, it creates a universal repository for data sharing, analytics and community-driven collaboration.

Ligero Inc. (Ligerton) raised $4 million in its seed round from Galaxy Digital*, 1kx*, Franklin Templeton, Nascent, Anagram, Robot Ventures, Digital Currency Group (DCG), Snackclub, Daniel Lubarov, Waikit Lau and other institutions.

LigeroInc. provides a high-speed, scalable security and data privacy platform that utilizes zero-knowledge proofs (ZKPs). Their Ligetron toolchain enables developers to build privacy-protected applications with minimal technical expertise, enables client proofing directly in the browser, and easily scales for Layer 2 and zkML applications. Suitable for industries requiring strong security, privacy and compliance, Ligero’s solutions offer modular chains, decentralized authentication and verifiable computing without the need for a large amount of hardware requirements.

Shaga raised $4 million in seed rounds from IOSG Ventures*, Amber Group, Arca Fund, HASH CIB (Crypto Investment Bank), Memetic Digital, Everyrealm, Syndika, MH Ventures, 3rd Street Capital, ATOM Accelerator, Vanta, P.E.S.T – DAO, Echo and others.

Shaga is a decentralized gaming network that transforms personal devices into computing nodes, enabling users to earn passive income by allowing others to connect and play games through their idle hardware. This innovative platform provides low-latency, high-performance gaming experiences, leveraging distributed local networks to minimize latency and optimize gaming experiences. Shaga aims to revolutionize the gaming industry by providing decentralized, scalable solutions, eliminate the need for data centers, and provide a seamless gaming experience like Netflix.

Truesense raised undisclosed amounts from The Hashgraph Association (THA) and Magic Spectrum in a seed round.

Truesense is Europe's leading AI-driven ultra-wideband (UWB) technology company focusing on smart nodes for ranging, radar and secure communications. Its solutions power industries such as IoT, security, healthcare and mobile, integrating AI and blockchain for secure real-time interactions and asset tracking.

Aegis raised $2 million in pre-seed rounds from Dewhales Capital* and Profluent Ventures.

Aegis is a startup that develops YUSD, a stablecoin powered by Bitcoin designed to operate independently of the fiat banking system. Aegis aims to provide a completely transparent, profit-generating stablecoin that protects users’ wealth from fiat currency hyperinflation. YUSD uses Delta neutral Bitcoin to stake and distributes profits directly to holders without pledging.

Torch Finance raised $1.5 million in pre-seed rounds from TVM Ventures*, Michael Egorov*, and Yenwen Feng.

Torch Finance is a professional and user-friendly stable exchange protocol on The Open Network (TON) blockchain. It facilitates low slippage exchanges between assets of similar value, including liquid pledged derivatives (LSDs), stablecoins and packaged tokens. Torch Finance aims to enhance liquidity and interoperability within the TON ecosystem by enabling efficient cross-chain asset exchanges.

Imua (formerly Exocore) raised $5 million in seed rounds from Draper Dragon*, No Limit Holdings (NLH), Paramita, Reforge, Caladan, Tane, Syntax Capital, MH Ventures, Lecca Ventures, 57Blocks.

Imua is a Layer 1 blockchain for shared security, aggregating decentralized trust by restaking and extending it to off-chain applications such as AI. By leveraging the security of Bitcoin, Ethereum, XRP and Solana, Imua has built a bridge of trust between blockchain and traditional industries.

Tenor Labs raised $2.5 million in seed rounds from Cherry Crypto*, Coinbase Ventures, Lattice Fund, ATKA, Curved Ventures, Re7 Labs, Daedalus, Very Early Ventures, LukeYoungblood, Will Price, Batuhan Dasgin.

Tenor Finance is a non-custodial, self-executing agreement that enables lenders and borrowers to conduct fixed-rate transactions on the blockchain. By deploying on top of existing money markets, Tenor provides efficient and flexible automatic interest rate makers (AMMs), allowing users to set preferred lending rates over a variety of terms. The protocol integrates seamlessly with platforms such as Uniswap V4, leveraging custom AMMs designed specifically for interest rate exchanges. Tenor's smart contracts are open, audited, and run without governance, inheriting the risk parameters of the underlying currency market to ensure transparency and security.

Memes Lab in seed rounds from Lemniscap*, TVM Ventures, AnimocaBrands, OKX Ventures (formerly OKEx Blockdream Ventures), GSR Markets LTD, Amber Group, Mirana Ventures, KuCoin Ventures raised $2.3 million.

Memes Lab is a Telegram-based hyper-application built on The Open Network (TON) blockchain designed to serve as a meme infrastructure and application platform. It enables users to create, share and monetize memes, fostering a fun community that combines fun with profit potential. By combining Web3 attention mechanisms with Web2 distribution strategies, Memes Lab provides an environment for the prosperity of meme coins and users to earn rewards.

Electron Labs raised undisclosed amounts from Stake Capital in a round of financing.

Electron Labs is a universal ZK proof aggregation layer based on Ethereum that uses light client and zero-knowledge proof to maintain decentralization. By using UPA, Electron combines proofs from multiple sources into a single super proof, effectively reducing the cost of each use case.

Sealance raised undisclosed amounts from Forte Ventures in a merger round.

Sealance is a blockchain-based trust platform focused on privacy, identity and compliance, based on advanced mathematics, cryptography and zero-knowledge proofs.

Optimum raised undisclosed amounts from Sandeep Nailwal, Will Price, Zaki Manian, Rand Hindi, Ben Fisch, Richard Ma, Heslin Kim in an angel round.

Optimum is a high-performance memory infrastructure suitable for any blockchain. Powered by Random Linear Network Coding (RLNC), it significantly improves network speed, robustness, and throughput, thereby improving performance and user experience for decentralized applications.

Prime Intellect raised $15 million in a round of financing from Founders fund*, Menlo Ventures, Balaji Srinivasan.

Prime Intellect is a decentralized AI platform that democratizes AI development through global computing aggregation and collaborative model training. It provides developers with affordable computing resources and sustainableOpen source model to promote innovation in AI research and development.

MelodAI raised undisclosed amounts from LF Labs*, Becker Ventures, Web3Link in a round of financing.

MelodAI is an AI-generated content (AIGC) and multimodal AI proxy platform that uses artificial intelligence to analyze text or audio inputs to generate original music tracks suitable for user content. This innovative approach enhances the creativity of music creation, allowing users to seamlessly generate personalized and high-quality audio.

Spheron Network raised undisclosed amounts from Tykhe Block Ventures, Arcanum Ventures, HASH CIB (crypto investment bank), Nexus Venture Partners, Protocol Labs, Consensys Mesh, Paradigm Shift Capital, Zee Prime Capital, Filecoin in a strategic round of financing.

Spheron Network is a decentralized computing platform that connects developers and businesses with independent GPU providers to provide on-demand processing power. It provides instant access to scalable GPU resources without managing complex infrastructure, thereby facilitating efficient deployment and scaling of applications.

FanTV raised $3 million from Mysten Labs, Cypher Capital, CoinSwitch, and Illuminati Capital in a strategic round of financing.

FanTV is an AI-driven content creation platform based on Sui blockchain, enabling users to produce and share a variety of digital media such as music, videos, podcasts, web series and vlogs. The platform offers advanced AI tools, digital rewards and personalized creator tokens, enabling creators to monetize their work and interact directly with audiences.

insiDeX raised undisclosed amounts from Bluefin in a merger and acquisition round.

insiDeX is a DeFi analytics and trading platform on Sui Network that provides data-driven insights and seamless trading experiences. It provides real-time market analysis, price charts and security checks, enabling users to make informed trading decisions. Features include the “Meme Zone” for discovering trend tokens and a powerful replication trading infrastructure for spot and perpetual markets.

Ethena Labs raised $16 million from MEXC Ventures in a round of financing.

Ethena is a startup that is openingThe first "Internet Bond" and a new Ethereum-based stablecoin USDe, which achieves stability by shorting Ethereum with a perpetual contract to hedge price fluctuations. Their savings bonds provide global individuals with a savings tool denominated in US dollars with the advantages of decentralized finance.

Raise raised $63 million in a strategic round of financing from HAUN Ventures*, Paper Ventures, Selini Capital, GSR Markets LTD, Raj Gokal.

Raise is a leading digital prepayment and retail payment platform that enables consumers to save money and earn rewards every time they make a purchase. Founded in 2013 and based in Chicago, Illinois, Raise offers a marketplace where users can buy and sell gift cards from various brands at discounted prices. The platform has transformed traditional gift cards into a powerful payment mechanism that can be used in more than 300,000 retail stores nationwide. In addition to its market, Raise has developed products such as Slide, a mobile payment app that provides users with a 4% cashback at numerous retailers. Since its inception, Raise has saved millions of consumers more than $150 million and has raised $147 million in funding from investors including Accel, PayPal, New Enterprise Associates and Bessemer Venture Partners.

SimpleHash raised undisclosed amounts from ARCH Emerging Markets Partners in a merger round.

SimpleHash is a multi-chain token and NFT data platform that provides developers with real-time access to metadata, market prices and media on more than 80 blockchains. Its unified API enables token data to be seamlessly integrated into applications, supporting use cases such as wallet, marketplace, gaming, finance and analytics.

Vortex raised $893,000 in a round of financing from Blue Star Capital, Danny Masters, Meinhard Benn, and Alexander Wilke.

Vortex by SatoshiPay is a DeFi platform focused on Latin America and Europe, enabling seamless conversion of crypto to fiat currencies and providing direct bank transfers. It provides a Forex-optimized DEX, low fees, fast settlement and non-custodial security for digital asset withdrawals.

Endless raised $1 million from Foresight Ventures in a round of financing.

Endless is a Web3 Genesis Cloud platform that seamlessly integrates advanced AI capabilities with blockchain technology. It provides developers with a comprehensive set of tools for building decentralized applications (DApps) without delving into the complexity of the underlying blockchain. Key features include distributed computing platforms for high scalability, decentralized storage to ensure data sovereignty, and cross-chain bridge tools for secure multi-chain asset transfer.

GEODNET raised $8 million from Multicoin Capital*, ParaFi Capital, Digital Asset Capital Management (DACM) in a strategic round.

GEODNET is a decentralized network that combines real-world earth observations with blockchain technology to collect geospatial data from global space weather stations and provide secure and trusted data products. Participants contributed to the network by installing geodesic GNSS antennas on the roof and received GEOD tokens as rewards.

Bitwise raised $70 million in a round of financing from Electric Capital, MassMutual Ventures (MMV), MIT Investment Management Company, Highland Capital Partners, HAUN Ventures, ParaFi Capital, Khosla Ventures, General Catalyst, Blockchain Coinvestors, Nikesh Arora.

Bitwise is a crypto asset management company known for managing the world's largest crypto index funds and groundbreaking investment products, covering Bitcoin, Ethereum, DeFi and crypto stock indexes.

Mavryk Network raised $5.2 million in a round of financing from Ghaf Capital Partners, Big Brain Holdings, Cluster Capital, Metavest Capital, Collective Ventures.

Mavryk Network is a Layer 1 blockchain designed to connect real-world assets (RWAs) with decentralized finance (DeFi) to create a secure and accessible digital economy. By simplifying RWA tokenization and DeFi integration, Mavryk enables users to trade tokenized assets such as real estate, bonds and commodities on a seamless secondary market.

OpenPassport raised undisclosed amounts from Self Protocol in a merger round.

OpenPassport is a decentralized identity platform that enables users to verify their human identities and specific attributes while protecting privacy. Leveraging zero-knowledge proof, it allows individuals to generate verifiable credentials from issued passports without the need to expose personal data. The application can integrate OpenPassport to ensure user authenticity, prevent bot attacks, and enhance security for a variety of use cases including airdrops, social media, quadratic financing, identity verification, and wallet recovery. The platform is open source and supported by the Ethereum Foundation.

Lockchain ai raised $5 million in a Series A round of financing from White Star Capital*, Lerer Hippeau, Arrington Capital, Sonic Boom Ventures.

Lockchain ai is a blockchain asset risk management platform that uses generative AI to conduct real-time portfolio risk analysis and monitoring. It provides traders and asset managers with ongoing due diligence, immediate risk notification and predictive impact analysis to make informed decisions at scale. Powered by generative AI, Lockchain ai provides real-time insights, instant notifications and predictive impact analysis to traders and asset managers to make informed decisions in blockchain asset trading.

Morpheus Labs raised $430,000 from Ficus Capital*, Startup Five Investment, Pei-Han Chuang in a Series A round of financing.

Morpheus Labs is a blockchain development solution provider that provides the SEED platform – a comprehensive low-code environment designed to accelerate Web3 application development. The platform features AI-powered tools such as Web3 Workflow Studio and Smart Contract Studio, enabling developers to efficiently create, test, and deploy blockchain applications across multiple chains.

Aurum raised $12 million in a round of financing.

Aurum is an AI-powered crypto asset management platform that provides individuals and institutions with secure and automated tools to manage their cryptocurrency portfolios. Its ecosystem includes Aurum cards for seamless crypto consumption, AI-Trader EX bots for advanced transactions, NFT licenses for exclusive tool access, staking mechanisms, neo-bank for asset management and decentralized exchanges.

Ethena Labs from Franklin Templ in a private equity roundeton, Polychain Capital, Pantera Capital, Dragonfly Capital, F-Prime Capital, Stix raised $100 million.

Ethena is a startup that is developing its first “Internet bond” and a new Ethereum-based stablecoin USDe, which achieves stability by shorting Ethereum with a perpetual contract to hedge price volatility. Their savings bonds provide global individuals with a savings tool denominated in US dollars with the advantages of decentralized finance.

Vana raised undisclosed amounts from YZi Labs (formerly Binance Labs) in a round of financing.

Vana is building a decentralized network of user-owned data pools that enable individuals to monetize their personal data. Vana's DAO allows members to pool data from platforms such as Reddit, LinkedIn, and X. These data pools are sold to AI researchers, providing users with new revenue streams.

MemeMarket raised undisclosed amounts from Crypto Times, IBC Group in an angel round.

MemeMarket is the first decentralized meme coin prediction market game. The project combines the social community layer with cutting-edge encryption tools, including the AI ​​Meme Assistant, making research, buying and investing easier, safer, and smarter. Powered by SVM (Solana Virtual Machine), MemeMarket brings together meme coins to unify users and liquidity in a seamless platform. MemeMarket is designed to solve challenges in the meme currency market, simplify visits and find the next big hit.

Meebit Company (MeebCo) raised $3 million from 1confirmation in a round of financing.

MeebCo manages Meebits NFT series and intellectual property. Meebits is 20,000 unique 3D voxel characters on Ethereum, used as avatars for gaming, metaverse and digital collections.

EthicHub (Ethix) raised $1 million from ByBit in a round of financing.

EthicHub is a blockchain-based peer-to-peer crowd-loan platform that connects small farmers without bank accounts with global investors. By promoting affordable lending, it enables farmers to increase productivity and access international markets while providing investors with opportunities to generate financial returns with positive social and environmental impacts.

Imua (formerly Exocore) raised from Shima Capital in a round of financingUndisclosed amounts were collected.

Imua is a Layer 1 blockchain for shared security, aggregating decentralized trust by restaking and extending it to off-chain applications such as AI. By leveraging the security of Bitcoin, Ethereum, XRP and Solana, Imua has built a bridge of trust between blockchain and traditional industries.