Last week, there were a total of 25 public financing events in the cryptocurrency market, with both the number of financing deals and the total amount significantly increasing | Investment and Financing Weekly Report

Organizer: Cookies, RootData

According to incomplete statistics from RootData, during the period from June 19 to June 25, 2023, there were a total of 25 publicly disclosed investment and financing events in the blockchain and cryptocurrency industry, with a total financing amount of approximately $117.7 million. Both the total number of financing events and the total amount have significantly increased.

From the perspective of track distribution, infrastructure and DeFi were the popular tracks last week, with a total of 4 infrastructure projects and 9 DeFi projects receiving financing, amounting to $67.7 million and $12.8 million, respectively.

In terms of financing rounds and scales, early-stage projects accounted for the largest share, with a total of 8 seed round financings. The most impactful financing events included Galaxy Finance, a Web3 wallet, completing a $30 million Series B financing, the Spanish cryptocurrency exchange Bit2Me completing a $15 million financing, and Maverick Protocol completing a $9 million financing.

*（List of projects with financing greater than $10 million last week, data source: * Rootdata）

1. CeFi

1. Digital payment platform dtcpay completes $16.5 million financing, led by Kwee Liong Tek

Singapore's cryptocurrency payment platform dtcpay announced the completion of $16.5 million in Pre-A round financing, led by Kwee Liong Tek, chairman of Pontiac Land Group, with participation from David Tung, former managing director/partner at The Carlyle Group, Jean Marc Poullet, chairman of BURGESS Asia, and Tham Sai Choy, former senior partner at McKinsey & Company, along with the former chairman of KPMG Singapore and Asia Pacific.

The funds from this round of financing will be further invested in product development, building stronger operational/infrastructure capabilities, and expanding dtcpay's global influence. (The Business Times)

2. Digital asset market EDX Markets launches trading services and completes a new round of financing

The digital asset market EDX Markets, supported by Citadel Securities, Fidelity Investments, and Charles Schwab, announced the official launch of trading services and completed a new round of financing, with investors including Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology.

Products available for trading on EDX include BTC, ETH, LTC, and BCH. EDX plans to launch EDX Clearing later this year to settle trades matched on EDX Markets. (Source link)

3. Cryptocurrency staking platform Northstake completes $3 million financing, with participation from PreSeed Ventures and others

Cryptocurrency staking platform Northstake has completed $3 million in financing, with participation from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures, and Delta Blockchain Fund.

CEO Jesper Johansen mentioned that Northstake focuses on ordinary staking products rather than complex decentralized staking protocols offered by providers like Lido or Rocketpool. (Source link)

2. Infrastructure

1. Web3 wallet Galaxy Finance completes $30 million Series B financing, with participation from QCP Capital and others

Web3 wallet Galaxy Finance announced the completion of $30 million in Series B financing, with participation from BlackPine, QCP Capital, and Tally Capital.

According to the crypto data platform RootData, the Web3 wallet built by Galaxy Finance can be used to store digital assets such as cryptocurrencies and NFTs. The company previously raised $8 million in Series A financing, and the new funds will improve its products and expand its influence in the Southeast Asian market. (Source link)

2. Smart contract infrastructure company Neutron completes $10 million financing, led by Binance Labs and CoinFund

Cosmos ecosystem smart contract infrastructure company Neutron announced the completion of $10 million in financing, led by Binance Labs and CoinFund. Neutron is a cross-chain smart contract platform that utilizes inter-chain security within the Cosmos ecosystem, allowing smart contract developers to easily build scalable DApps using its infrastructure and security. (Source link)

3. Australian data center startup Arkon completes $26 million new round of financing

Australian data center startup Arkon has completed a new round of financing totaling $26 million, with participation from Sandton Capital Partners. The company is expanding into the U.S. by acquiring a site in Hannibal, Ohio.

The data center in Ohio is designed with a capacity of 100 megawatts (MW) and is expected to increase Arkon's computing power to 3.3 EH/s by the end of 2023. Arkon hopes that with less than a year until the next Bitcoin halving, this facility can provide predictable revenue streams by offering server hosting services to Bitcoin mining companies.

According to RootData data, Arkon Energy completed $28 million in financing on November 17, 2022, using excess renewable energy to run its Bitcoin mining operations. (Source link)

4. Shared sequencer solution Radius completes $1.7 million financing

The shared sequencer solution Radius has completed $1.7 million in Pre-Seed financing, led by Hashed, with participation from Superscrypt, Lambdaclass, and Crypto.com. Radius prevents MEV harm to users by using a shared sequencer with provably verifiable delay encryption (PVDE). (Source link)

3. DeFi

1. Binance Labs invests in five projects in its fifth season incubation program, including zkPass and DappOS

Binance Labs announced investments in five projects featured in its fifth season incubation program, including decentralized authentication solution zkPass, fully encrypted network Mind Network, Web3 financial solution Kryptoskatt, on-chain structured products Bracket Labs, and Web3 application usability solution DappOS.

It is reported that this season, Binance Labs' incubation program received applications from over 900 projects, with less than 2% being accepted. The selected projects cover various fields of Web3, including DeFi, infrastructure, tools, and middleware. (Source link)

2. Maverick Protocol completes $9 million financing, led by Founders Fund

DeFi infrastructure Maverick Protocol has completed $9 million in strategic financing, led by Founders Fund, with participation from Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo Crypto. This round of financing will be used to scale the protocol, deploy to new chains, and support developers building on the infrastructure.

Maverick Protocol (MAV) is the 34th project on Binance Launchpool, allowing users to stake BNB and TUSD in separate pools to mine MAV tokens over a 25-day period, starting from June 14, 2023, 00:00 (UTC). (Source link)

3. DeFi infrastructure Earn Network completes $2.7 million seed round financing, led by Shima Capital

DeFi infrastructure Earn Network has completed $2.7 million in seed round financing, led by Shima Capital, with participation from DFG, Jsquare, LD Capital, Cronos Labs, GTS Ventures, Bixin Ventures, ViaBTC Capital, Mars DAO, and Mirana Ventures. This round of financing will be used for product development and recruitment.

It is reported that Earn Network provides no-code solutions, allowing anyone to create their own customized financial products, such as staking or lending pools, using audited templates. (Source link)

4. DeFi privacy infrastructure Portal Gate completes $1.1 million seed round financing, led by Apollo Crypto

DeFi privacy infrastructure Portal Gate has completed $1.1 million in seed round financing, led by Apollo Crypto, with participation from angel investors including UpsideDAO, Greythorn Asset Management, Comma3 Ventures, Gandel Invest, Rebase D. Ventures, Fork Ventures, and the founder of Ren Protocol. The new funds will be used to expand the core team and accelerate the launch of privacy pools on the mainnet, with plans to launch the mainnet in the third quarter. (Source link)

5. Decentralized derivatives protocol Vertex Protocol completes strategic financing, with participation from Wintermute

Decentralized derivatives protocol Vertex Protocol has completed strategic financing, with participation from Wintermute, the amount of which has not been disclosed. Vertex is a decentralized derivatives protocol for trading spot and perpetual contracts on an order book. With an industry-leading trading engine and comprehensive currency market, Vertex's cross-margin product suite is designed for both professionals and beginners.

4. Gaming

1. Blockchain game Cat Paradise completes seed round financing, with participation from Mask Network and Moon Capital

The blockchain game Cat Paradise, developed on TON, has completed seed round financing, with participation from Mask Network and Moon Capital, the amount of which has not been disclosed. This round of financing will be used to improve existing on-chain technology and recruit developers.

It is reported that Cat Paradise is a digital cat pet-raising game developed by game developer Pluto Games. (Source link)

2. Web3 gaming public chain XPLA receives investment from Big Brain Holdings, Play Ventures, and IVC

The blockchain XPLA, focused on Web3 gaming, announced strategic investments from Big Brain Holdings, Play Ventures, and IVC (Infinity Ventures Crypto). (Source link)

3. Blockchain game Anichess completes $1.5 million seed round financing, with participation from GameFi Ventures and others

Anichess, a subsidiary of blockchain gaming giant Animoca Brands, has completed $1.5 million in seed round financing to develop a decentralized chess game. GameFi Ventures, Coin Operated Group, Koda Capital, Bing Ventures, 708 Capital, and Asymmetry Capital participated in the financing. The funds will be used for team expansion and further game development.

Previous news reported that Animoca Brands and its subsidiary Lympo announced a partnership with Play Magnus Group to develop the blockchain game Anichess, which will merge chess and GameFi, expected to launch in 2023. (Source link)

5. NFT

1. NFT project Open Foodie announces completion of $500,000 seed round financing, with participation from Hash Global and others

NFT project Open Foodie officially announced on Twitter the completion of $500,000 in seed round financing, with participation from Hash Global, StarWin, Bitrise Capital, and Teraland.

Open Foodie is a creative Web3 cartoon food manufacturing lab aimed at combining Web 2.0 and Web 3.0 technologies to drive the future development of the food industry. (Source link)

6. Others

1. Web3 customer relationship management company Vantient completes $3.45 million financing, with participation from Cercano Management and others

Singapore's Web3 customer relationship management company Vantient has completed $3.45 million in financing, with participation from Cercano Management (formerly Vulcan Capital), Saison Capital, and AC Ventures. Vantient primarily provides on-chain and off-chain customer data aggregation and analysis services for enterprises and Web3 projects to support companies in acquiring, engaging, and retaining their users. (Source link)

2. Search engine Kaito completes $5.5 million Series A financing, led by Superscrypt and Spartan

AI-based Web3 search engine Kaito has completed $5.5 million in Series A financing at a valuation of $87.5 million, led by Superscrypt and Spartan. Kaito is creating a Web3 search engine based on large language models and is gradually opening a beta version to 35,000 waitlisted users starting June 20.

Previous report stated that Kaito completed $5.3 million in seed round financing in February this year, led by Dragonfly, with participation from Sequoia China and Jane Street. So far, Kaito's total financing has exceeded $10 million. (Source link)