According to Odaily's incomplete statistics, there were a total of 24 blockchain financing events announced from September 11th to September 17th, an increase compared to the previous week's data (20 events), with a disclosed total financing amount of approximately 110 million US dollars, a significant decrease from the previous week's data (291 million US dollars).
Last week, the project with the highest amount of investment was Animoca Brands' NFT project Mocaverse ($20 million); followed by French fintech company Fipto and game developer Pahdo Labs, with financing amounts of $16.05 million and $15 million respectively.
Below are the specific financing events (Note: 1. Sorted by the disclosed amount; 2. Excluding fundraising and M&A events; 3. * denotes companies in "traditional" industries with blockchain-related business):
On September 11th, according to official news, Animoca Brands announced a new round of binding financing commitments to accelerate the development of its NFT project Mocaverse.
Specifically, Animoca Brands raised $20 million in new common stock financing at a price of $4.50 AUD per share. As part of this financing, the company issued free utility token warrants to investors on a 1:1 USD basis. The financing was led by CMCC Global, with participation from institutional investors such as Kingsway Capital, Liberty City Ventures, GameFi Ventures, Aleksander Larsen (Founder of Sky Mavis), Gabby Dizon (Founder of Yield Guild Games), and Koda Capital. Yat Siu, the CEO and Co-Founder of Animoca Brands, also participated in this funding round.
The new funds will be used to advance the Mocaverse project, including product development, promoting Web3 adoption, and ensuring partnerships to expand Animoca Brands' gaming, cultural, and entertainment ecosystem across approximately 450 portfolios in Web3 companies and projects.
On September 14th, French fintech company Fipto completed a €15 million seed financing round led by Serena Capital and Motier Ventures. The new financing will allow Fipto to further develop its platform, providing integrated payment and treasury solutions that enable businesses to convert and send any currency by leveraging the advantages of blockchain technology (speed, cost efficiency, and transparency).
Game developer Pahdo Labs completes $15 million Series A financing round, led by a16z
On September 12th, game developer Pahdo Labs announced the completion of a $15 million Series A financing led by a16z. Pahdo Labs is a game studio dedicated to creating the next generation anime RPG game "Halcyon Zero" and a UGC platform for players to create their own anime-style models and worlds.
Flashwire Group completes $10 million Series A financing and launches multiple innovative products
On September 11th, according to official sources, innovative financial group Flashwire Group completed a $10 million Series A financing earlier this year, with participation from Legend Trading, Cobo, Gate.io, VeChain, CyberX, SuperChain Capital, among others. The company will officially launch several new financial products targeting the Web3 industry during the upcoming Token 2049 Singapore conference.
On September 12th, GamePhilos Studio, the development studio of Web3 strategy game Age of Dino, completed an $8 million seed financing round led by Xterio, Animoca Ventures, SevenX Ventures, and Chain Hill Capital, with participation from Hashkey Capital, Sanctor Capital, Game 7, Bas 1s, GSR Markets, GSG Ventures, and others.
Web3 collaboration entertainment protocol Mythic raises $6.5 million, led by Shima Capital
On September 13th, Web3 collaboration entertainment protocol Mythic Protocol completed a $6.5 million seed funding round, led by Yida Gao, partner at Shima Capital. Alpha JWC, Saison Capital, GDV Venture, Planetarium Labs, Arcane Group, Presto Labs, MARBLEX, EMURGO Ventures, HYPERITHM, and others participated in the investment.
Mythic Protocol will utilize this funding round to develop and launch its initial core product.
Layer N raises $5 million in seed funding, led by Founders Fund and dao 5
On September 13th, modular L2 protocol Layer N announced the completion of a $5 million seed funding round, with Founders Fund and dao 5 as lead investors, and Kraken Ventures and Spencer Noon participating.
As a second-layer solution built on Ethereum, Layer N focuses on increasing transaction throughput and reducing transaction latency to replicate the transaction speed of traditional financial markets on the blockchain.
Cross-border payment platform Parallax raises $4.5 million in seed funding, led by Dragonfly Capital
On September 13th, cross-border payment platform Parallax announced the completion of a $4.5 million seed round of financing, led by Dragonfly Capital, with participation from Circle Ventures, General Catalyst, gumi Cryptos Capital, Palm Drive Capital, Comma Capital, Firsthand Alliance, and angel investors Balaji and Zach Abrams. The new funding will be used to further expand the team and business.
On September 12th, Range Protocol announced the completion of a $3.75 million seed round of financing, led by HashKey Capital and Nomad Capital, with participation from Spark Digital Capital, Mirana Ventures, Symbolic Capital, Asymm Ventures, and Comma 3 Ventures. This round of funding will be used to further build Range Protocol's integrated on-chain asset management platform and expand the team and community.
Movement Labs completes $3.4 million Pre-Seed round of financing
On September 13th, Movement Labs announced the completion of a $3.4 million Pre-Seed round of financing, led by Varys Capital, dao 5, Blizzard The Avalanche Fund, Borderless Capital, and cross-chain funds focused on the Wormhole ecosystem, with participation from Colony, Interop Ventures, Elixir Capital, and BENQI.
On September 15th, Web3 open source software development platform ONLY Dust announced the completion of a $3 million financing, led by Fabric Ventures, with participation from Frst, Ergodic (LambdaClass), and Stake Capital.
On September 13th, Web3 startup Immix completed a $2.7 million seed round financing, led by MassMutual Ventures (MMV) with participation from Ripple. The new financing will be used to develop Immix's trading platform and improve its execution capabilities for market-making products.
Immix was founded in 2019 as a crypto hedge fund and is now focused on providing an unmanaged trading system for institutional investors.
DeFi data analysis platform Octav completes $2.65 million seed round financing
On September 13th, DeFi data analysis and tax reconciliation platform Octav announced the completion of a $2.65 million seed round financing. Investors include Nascent, Polymorphic Capital, Parallel Studio, Spaceship DAO, Investmeows, Possible Ventures, Speedinvest, ACET Capital, as well as individual investors such as Markc Zeller, strategic lead of Aave, and 0x Maki, former CEO of Sushiswap.
NFT Sports Game Analysis Platform Podium Completes €2 million Financing
On September 16th, NFT Sports Game Analysis Platform Podium (formerly known as SorareData) announced the completion of a €2 million financing round, led by Fabric Ventures and with participation from Sfermion and Seedcamp. Podium stated that this round of financing aims to strengthen SorareData's position, promote its operation and products, and also support the launch of the data analysis tool ReignMetrics customized for DraftKings Reignmakers.
0x Pass Completes $1.8 Million Pre-Seed Financing with Participation from Alchemy Ventures
On September 11th, MPC solution provider 0x Pass completed a $1.8 million Pre-Seed financing round, with participation from AllianceDAO, Soma Capital, Alchemy Ventures, Blockchain Builders Fund, Formulate Ventures, Kommune, Hashed EM, Signum Capital/UOB, Nonce Classic, as well as angel investors Balaji Srinivasan (former CTO of Coinbase) and Cory Levy of Z Fellows.
It is reported that 0x Pass, incubated at Stanford Blockchain Club, allows developers to build multiple authentication methods in non-custodial wallets, based on MPC algorithms, and allows key shares to be distributed only among network nodes.
Web2.5 Game Service Platform Salvo Games Raises $1.5 Million in Angel Round Financing
On September 11, Web2.5 game service platform Salvo Games completed a $1.5 million angel round of financing on September 10, led by a gold medal producer from a well-known Asian game company. Through this cooperation, both parties have expressed their commitment to combine their own advantages to explore the Web3 field in the future. The project layout will also involve various aspects such as the development and introduction of high-quality games, platform empowerment and innovation, developer channel construction, and player asset trading and management platform construction.
DeFi yield aggregator Portals completes $500,000 seed round extension financing
On September 13, DeFi yield aggregator Portals completed a $500,000 seed round extension financing, with participation from Bankless Ventures, Digital Currency Group (DCG), and Founderheads.
Venture capital firm Modular Labs completes pre-seed round financing, led by Hashed and K 300
On September 11, venture capital firm Modular Labs completed a pre-seed round financing, with Hashed and K 300 leading the investment, and participation from GuildFi and GBV. Modular Labs aims to provide support for technical personnel developing using modular blockchain technology.
Hybrid on-chain exchange Gravity completes seed round financing, with participation from ABCDE, etc.
On September 11, according to official sources, hybrid on-chain exchange Gravity completed seed round financing, with participation from ABCDE, Jingwei China, Delphi Digital, C² Ventures, etc.
Okapi completed Pre-Seed financing, led by Mirana Ventures and Mask Network
On September 11, Okapi announced the completion of Pre-Seed financing, led by Mirana Ventures and Mask Network, with participation from GoPlus Security. The amount of financing has not been disclosed.
It is reported that Okapi is an authentication platform that combines content with reputation.
Mountain Protocol completed seed financing, with Coinbase Ventures participating
On September 11, Mountain Protocol, a regulated stablecoin, announced the completion of seed financing, led by Nic Carter of Castle Island Ventures, with participation from Coinbase Ventures, New Form Capital, Daedalus Angels, and others. Martin Carrica, Co-founder and CEO of Mountain Protocol, stated that the amount of this round of financing is confidential due to regulatory requirements.
On September 12, Japanese Web3 financial service company pafin completed a new round of financing, with participation from DG Daiwa Ventures, Sony Innovation Fund, and MZ Web3 Fund.
pafin is developing financial technology and Web3-related businesses, such as the Cryptact automatic profit and loss calculation service for encrypted assets and the defitact Web3 family ledger tool. pafin will use the funds from this round of financing to strengthen marketing and recruitment, expand its main business service scope, and build Web3 infrastructure.
On September 14, Zero Number Technology announced the completion of its Series B financing, with the specific financing amount undisclosed. The investor is Beijing GuoXin ZhongShu Investment Management Co., Ltd., a subsidiary of the National Information Center. This round of financing will be mainly used to promote product innovation, marketing, and team expansion. In the future, Zero Number Technology will further create industry blockchain benchmark scenarios and implement application promotion plans.
Web3 Incentive Platform Cultos Global Completes New Round of Financing
On September 14, Dubai-based Web3 incentive platform Cultos Global announced the completion of a new round of financing, with participation from Sameer Mehta, the founder and CEO of boAt Lifestyle, Tarun Katial, the founder and CEO of Coto, a female social crypto platform, and Vijay Ratnaparkhe, the Head of Bosch Southeast Asia, among others. The specific financing amount has not been disclosed yet.
Cultos Global is dedicated to helping brands issue their own tokens and establish incentive systems based on these tokens.
