Last week, there were a total of 13 public financing events in the cryptocurrency market, with a total financing amount of only 60 million dollars | Investment and Financing Weekly Report

Organizer: Cookies, RootData

According to incomplete statistics from RootData, during the period from July 31 to August 6, 2023, there were a total of 13 public financing events in the blockchain and cryptocurrency industry, with a cumulative financing amount of only 60 million USD.

From the perspective of track distribution, the main sectors that received funding were infrastructure and gaming. A total of 7 infrastructure projects completed financing, including well-known projects such as Terminal 3, Solv Protocol, and zkPass.

In addition, the Web3 game platform developer Conductive.ai completed a seed round financing led by Animoca Brands, and the Web3 Mahjong game Mahjong Meta completed 12 million USD in financing, led by Dragonfly and Folius.

*（List of projects that received financing last week, data source: * Rootdata）

I. Infrastructure

1. Open-source code vulnerability detection tool Socket completes 20 million USD Series A financing, led by a16z
The open-source code vulnerability detection tool Socket announced the completion of 20 million USD in Series A financing, led by Andreessen Horowitz (a16z), with participation from Abstract Ventures, Wndrco, Unusual Ventures, and angel investors including Box co-founder Aaron Levie, Figma co-founder Dylan Field, Okta co-founder Frederic Kerrest, Vercel CEO Guillermo Rauch, and Eventbrite co-founders Julia and Kevin Hartz. The new funds will be used to expand the team and support and integrate more programming languages.

According to reports, its CEO Feross Aboukhadijeh stated that the newly raised funds, combined with the previous 4.6 million USD seed investment, bring the company's total financing to 24.6 million USD. (Source link)

2. Decentralized data infrastructure Terminal 3 completes Pre-Seed financing, with participation from Bixin Ventures
Hong Kong-based decentralized user data infrastructure provider Terminal 3 announced the completion of an oversubscribed Pre-Seed round of financing, with specific amounts not disclosed. Investment institutions including 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored Room Ventures, and Mozaik Capital participated.

Terminal 3 aims to replace low-privacy centralized data storage models, helping enterprises use decentralized storage and zero-knowledge proofs to address compliance and security issues related to user data. (Source link)

3. Web3 liquidity infrastructure Solv Protocol completes 6 million USD financing, with participation from Laser Digital and Bytetrade Labs
Singapore-based Web3 liquidity infrastructure Solv Protocol completed a new round of financing of 6 million USD, with participation from Laser Digital, a subsidiary of Japanese banking giant Nomura Securities, as well as UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Apollo Capital, HashCIB, Geek Cartel, and Bytetrade Labs. The funds from this round will be used to expand the team and for technology development.

According to data from DeFiLlama, since its launch in the second quarter of this year, Solv Protocol's total locked value has grown to 2.8 million USD, serving over 25,000 users and facilitating over 100 million USD in transaction volume. According to data from crypto data platform Rootdata, Solv Protocol received strategic financing from Binance Labs in January 2022. (Source link)

4. Privacy data verification protocol zkPass completes 2.5 million USD seed round financing, with participation from Binance Labs and Sequoia China
Privacy data verification protocol zkPass announced the completion of 2.5 million USD in seed round financing, with participation from Binance Labs, Sequoia China, OKX Ventures, dao5, Susquehanna International Group, Cypher Capital, Leland Ventures, and Blockchain Founders Fund.

It is reported that zkPass uses a combination of three technologies: zero-knowledge proofs, multi-party computation, and third-party transport layer security. This allows users to disclose personal data on any website without having to reveal or upload documents themselves. (Source link)

5. Key management digital infrastructure Hushmesh completes 5.2 million USD financing, led by Paladin Capital Group
Key management digital infrastructure Hushmesh announced the completion of 5.2 million USD in financing, led by Paladin Capital Group, with participation from Akamai Technologies. Hushmesh will use the funds to develop Mesh, a global information space with built-in automated security features that allows individuals and organizations to operate online without worrying about malicious attacks or data breaches.

It is reported that Hushmesh supports key management services for individuals and organizational entities and unifies identifiers, aliases, keys, and encrypted data in a secure manner, addressing the issue of losing access to keys resulting in the loss of all data in the Web3 and blockchain space, while reducing risks of data breaches, identity theft, and fraud. (Source link)

6. CBDC infrastructure provider Emtech completes 4 million USD seed round financing, led by Matrix Partners India
African CBDC infrastructure provider Emtech completed 4 million USD in seed round financing, led by Matrix Partners India, with participation from BTN, Vested, Equity Alliance, and LoftyInc Capital. The funds will be used to develop CBDC stacks and their regulatory technology solutions.

Founder Carmelle Cadet stated that Emtech will deploy its first version of the CBDC platform this year, and to date, Emtech's total financing has reached 10 million USD. (Source link)

7. Blockchain payment platform Orbital completes 5 million GBP financing, led by Golden Record Ventures
London-based blockchain payment platform Orbital completed 5 million GBP (approximately 6.8 million USD) in its first round of financing, led by Golden Record Ventures, with participation from New Form Capital, GSRV, Psalion, and Luminous Futures.

The funds will be used to further develop platform technology and expand market share. Orbital plans to strengthen its position in the blockchain payment field through continuous innovation and high-quality services, and expand its business globally. (Source link)

II. Gaming

1. Web3 game platform developer Conductive.ai completes seed round financing, led by Animoca Brands
Web3 game platform developer Conductive.ai completed seed round financing, led by Animoca Brands, with participation from Kraken Ventures, Bixin Ventures, Sound Ventures, Rubik Ventures, Sfermion, Oyster Ventures, Blue Lion Global, Axia8 Ventures, Unanimous Capital, and Everest Ventures. The financing amount has not been disclosed.

Conductive.ai's vision is to address the biggest challenges in the current gaming sector by improving user acquisition efficiency and enhancing player engagement, allowing mainstream users worldwide to access Web3 technology without needing to be familiar with Web3 wallets or technical processes. It is reported that Conductive.ai's platform includes a "Zero-Click" import tool that simplifies the creation and login of Web3 accounts, eliminating much of the friction commonly found in platforms using Web3 technology.

Additionally, the platform supports the distribution of rewards in stablecoins and digital collectibles to global players in games, and is scalable for games of any player size. (Source link)

2. Web3 Mahjong game Mahjong Meta completes 12 million USD financing, led by Dragonfly and Folius
The Ethereum-based Web3 Mahjong game Mahjong Meta announced the completion of 12 million USD in financing, with this round led by Dragonfly Capital and Folius Ventures, and participation from Meteorite Labs, Find Satoshi Labs, Parallel Ventures, and Emoote. The funds from this round will be used to drive product development for Mahjong Meta and expand the Web3 gaming ecosystem, further enhancing player experience and increasing its global influence.

It is reported that Mahjong Meta is a Web3 gaming platform dedicated to Mahjong esports and serves as an on-chain Mahjong theme park for all players. The core team consists of experienced professionals from leading gaming companies such as Tencent, NetEase, and Lilith. According to official data, Mahjong Meta successfully launched its Beta test on May 12, attracting over 15,000 players to participate in more than 490,000 matches in the following two months. The official version is expected to be launched on August 7.

3. Web3 social game DogeWalk completes 1 million USD seed round financing, led by ByteTrade Lab
Focusing on pet dogs, the Web3 social game DogeWalk, with a valuation of 10 million USD, completed 1 million USD in seed round financing, led by ByteTrade Lab, which also provides in-depth incubation and operational services for DogeWalk, offering comprehensive resource support in development, product, marketing, community, and more. The financing will be used to initiate global operations, as well as subsequent hardware integration and pet entity matrix layout.

In DogeWalk, users can equip themselves with NFTs in the form of virtual dogs, and while walking, playing, and sharing moments with their pets, users can earn tokens, which can be used in-game or for purchasing real dog food, supplies, services, etc. The beta version is already available for trial.

It is reported that ByteTrade Lab is a Web 3.0 infrastructure supported by the Susquehanna International Group (SIG) Asia VC Fund and several leading institutional investors. According to crypto data platform RootData, its investors include INCE Capital, BAI Capital, Sky9 Capital, BlueRun, and PCG, which collectively invested 50 million USD in the A round financing in June 2022.

III. Others

1. Decentralized insurance platform Marquee completes 1 million USD seed round financing, with participation from CGV
Decentralized insurance platform Marquee completed 1 million USD in seed round financing, with participation from Cryptogram Venture (CGV), Chain Capital, Waterdrip Capital, Bitrise Capital, ZC Capital, and Coinw Ventures.

Marquee supports users in purchasing "token price insurance" and "smart contract insurance," and allows users to become insurance underwriters to earn multiple rewards. Marquee will accelerate technology research and development and market promotion, providing more breakthrough and innovative product solutions. Its goal is to lead the innovative development of insurance, options, and other derivatives markets, opening a new era of creative growth. (Source link)

2. Web3 database platform EdgeIn is conducting 1.5 million USD Pre-Seed round financing at an 8 million USD valuation
Web3 database platform EdgeIn is conducting 1.5 million USD in Pre-Seed round financing at an 8 million USD company valuation, having already raised 400,000 USD. Angel investors include Mike Dinsdale (Akkadian Ventures, DocuSign, DoorDash, Gusto), Mike Borozdin (DocuSign, Google), Jeremy Clover (Circle), Pedram Amini, Bayo Okusanya, and Ulises Merino Núñez.

EdgeIn provides datasets for Web3 companies, projects, and investments, with a subscription fee of 14.99 USD per month, offering real-time updates on companies, personnel, transactions, and events. The company claims to have indexed over 90% of the Web3 market, listing 50,000 Web3 companies and projects. (Source link)