Last week, there were a total of 14 public financing events in the cryptocurrency market, with a slight decrease in financing rounds and total amounts | Investment and Financing Weekly Report

整理：饼干，RootData

According to incomplete statistics from RootData, during the period from September 25 to October 1, 2023, there were a total of 14 public financing events in the blockchain and cryptocurrency industry, with a cumulative financing amount of approximately $77.55 million, significantly increasing both the number of financing rounds and the total amount.

From the perspective of track distribution, the projects that received financing are mainly distributed in the infrastructure and DeFi tracks, with 4 financing rounds completed in each category. The infrastructure category includes account abstraction infrastructure Pimlico, which completed a $1.6 million financing led by 1confirmation; the oracle project Supra, which completed over $24 million in financing, with participation from Animoca Brands and Coinbase Ventures.

Other popular financing projects include the Web3 digital services company IYK, which completed a $16.8 million seed round led by a16z Crypto; the DeFi derivatives trading platform Avantis Labs, which completed a $4 million seed round led by Pantera Capital; and the homomorphic encryption technology-driven blockchain Fhenix, which completed a $7 million seed round led by Multicoin Capital and Collider Ventures.

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

I. Infrastructure

1. Blockchain cloud SaaS platform Cygnetise completes £2.5 million Pre-A round financing, led by Adjuvo
Blockchain cloud SaaS platform Cygnetise announced the completion of £2.5 million in Pre-A round financing, led by the UK investment group Adjuvo, with participation from American venture capital firm VC Massive and others.

Cygnetise is leveraging its digital blockchain technology to improve and optimize the Authorized Signatory Management (ASM) process, enabling corporate operations and finance departments to digitally share authorized signatory information with banks and other counterparties, thereby enhancing efficiency, security, and operational excellence. Its current clients include PwC, Société Générale, Willis Towers Watson, Charles Schwab, JTC, Raymond James, ADNOC, Evelyn, and SEI. (Source link)

2. Account abstraction infrastructure Pimlico completes $1.6 million financing, led by 1confirmation
Account abstraction infrastructure Pimlico completed a $1.6 million Pre-Seed round financing, led by 1confirmation, with participation from Safe, Consensys, and others. It is reported that this round of financing will be used to promote the development of account abstraction infrastructure. Pimlico offers features including ERC-20 token gas payments, multi-signature solutions, social recovery, and spending limits. (Source link)

3. Homomorphic encryption technology-driven blockchain Fhenix completes $7 million seed round financing, led by Multicoin Capital and Collider Ventures
The confidential blockchain Fhenix, powered by Fully Homomorphic Encryption (FHE), announced that it has secured $7 million in seed round financing led by Multicoin Capital and Collider Ventures, with participation from Node Capital, Bankless, HackVC, TaneLabs, and Metaplanet, along with individual investors including Tarun Chitra and Robert Leshner of Robot Ventures.

It is reported that the funds will be used to introduce the Fhenix network to the public testnet early next year and support ecosystem application development. (Source link)

4. Oracle project Supra completes over $24 million financing, with participation from Animoca Brands and Coinbase Ventures
Oracle and VRF service provider Supra announced that it has completed over $24 million in financing, with participation from Animoca Brands, BCW, Coinbase Ventures, FiveT Fintech (formerly Avaloq Ventures), Galaxy Interactive, Hashed, HashKey, Huobi Ventures, No Limit Holdings, Prosus Ventures, Razer.com, Republic Crypto, Shima Capital, Signum Capital, SMO Capital, Sound Ventures, Sublime Ventures, UOB Venture Management (United Overseas Bank), and Valor Equity Partners.

Joshua Tobkin, CEO and co-founder of Supra, stated that Supra will provide provably fair high-performance oracle services for DeFi developers and end consumers. (Source link)

II. DeFi

1. DeFi derivatives trading platform Avantis Labs completes $4 million seed round financing, led by Pantera Capital
DeFi derivatives trading platform Avantis Labs completed a $4 million seed round financing, led by Pantera Capital, with participation from Founders Fund, the Base ecosystem fund under Coinbase, and Modular Capital.

It is reported that the new funds will be used to develop its flagship product Avantis, which is a perpetual contract trading and market-making protocol. (Source link)

2. Stablecoin yield protocol Zunami Protocol completes angel round financing, with participation from Curve founder and others
The decentralized stablecoin yield protocol Zunami Protocol completed angel round financing, with participation from Cream Finance, individual investors including Curve founder Michael Egorov, Mr. Block, Twitter users C2tP and Winthorpe who are members of Convex, Twitter user Hubirb, and other Stake DAO contributors, as well as core contributors of AladdinDAO.

It is reported that the funds will be used to develop Zunami V2 and conduct audits, with Zunami V2 scheduled to launch in November. ChainCatcher previously reported that Zunami Protocol was attacked in August, resulting in losses of $2.2 million. (Source link)

3. DeFi portfolio management platform Bril Finance completes $3 million financing, with participation from Algorand Foundation and others
DeFi portfolio management platform Bril Finance completed a $3 million seed round financing, with participation from FalconX, Kosmos Ventures, and Algorand Foundation. It is reported that Bril Finance has launched its flagship product on the Sei Network. Bril Finance uses algorithms and automated token deployment to adjust users' positions. (Source link)

4. Modular liquidity re-staking platform RestakeFi completes $500,000 seed round financing, with participation from AlfaDAO and others
The modular liquidity re-staking platform RestakeFi, supported by EigenLayer, announced the completion of $500,000 in seed round financing, with participation from AlfaDAO, DCD, Yields and More, Moni, and others. (Source link)

III. NFT

1. NFT development service provider CryptoCoco completes hundreds of thousands of dollars in seed round financing, with participation from Skyland Ventures
NFT development service provider CryptoCoco announced the completion of hundreds of thousands of dollars in seed round financing, with participation from Skyland Ventures and individual investors.

CryptoCoco is a startup providing blockchain-related services, with its main product being the no-code development platform CocoShop for NFT markets, and its business includes NFT issuance, NFT market development, other blockchain-based system development, and consulting services. (Source link)

2. Web3 digital services company IYK completes $16.8 million seed round financing, led by a16z Crypto
Web3 digital services company IYK has completed $16.8 million in seed round financing, led by a16z Crypto, with participation from 1kx, Collab Currency, Lattice Capital, and gmoney.

According to the crypto data platform RootData, IYK helps brands, musicians, and creators create digital-physical experiences, reward customers and fans, and maintain connections with their communities. Its products include communication chips that help tokenize physical products and events, including in the form of NFTs. IYK also provides developers with API and modular tools to further customize experiences. (Source link)

IV. Tools

1. Ethereum network explorer Rated completes $12.89 million Series A financing, led by Archetype
Ethereum network explorer Rated announced the completion of $12.89 million in Series A financing, led by Archetype, with seed investors Placeholder, 1confirmation, Cherry, and Semantic, as well as new supporters Robot Ventures, Chorus One, Factor, and Maelstrom participating.

It is reported that Rated Labs currently provides an Ethereum network explorer, data API, and oracle, and plans to expand its products to multiple Layer 1 blockchain networks, including Polygon, Solana, Cosmos, and Polkadot next year. (Source link)

V. Gaming

1. Blockchain game Fableborne announces completion of $7.8 million financing, with new investors including GSR
The blockchain game Fableborne, developed by Web3 game studio Pixion Games, updated its financing information on its social platform, stating that it has completed $7.8 million in financing this year, with investors including Mechanism Capital, VGC, Merit Circle, Eldridge, GSR, Zee Prime Capital, Big Brain Holdings, Builder Capital, Blizzard Fund of the Avalanche Foundation, Shima Capital, and ReadyPlayerDAO.

According to the crypto data platform RootData, the Web3 game studio Pixion Games completed $5.5 million in seed round financing. (Source link)

VI. Others

1. Bitcoin commercial entity insurance company AnchorWatch completes $3 million financing, led by Ten31
Insurance company AnchorWatch, which provides insurance for commercial entities holding Bitcoin, announced that it has secured $3 million in financing, led by Ten31, with participation from Axiom BTC, Timechain, Bitcoin Opportunity Fund, UTXO Management (the asset management division of Bitcoin Magazine and organizer of the Bitcoin Conference), and others.

The Trident Vault software developed by AnchorWatch provides a protocol-native custody solution for Bitcoin owners, supported by regulated high-quality insurance. This latest investment will help AnchorWatch meet the regulatory and capital requirements necessary to deliver Trident Vault to customers and begin selling policies. Additionally, AnchorWatch will undergo security audits by multiple qualified firms to further solidify Trident Vault as a reliable enterprise custody solution. (Source link)

2. Digital asset reporting and trading reconciliation platform KYAX completes strategic round financing, with participation from Appold
Digital asset reporting and trading reconciliation platform KYAX has completed strategic round financing, with participation from blockchain consulting firm Appold, although the specific financing amount has not been disclosed. KYAX will use the new funds to provide institutional-grade clients with digital asset management reporting tools that meet regulatory requirements, helping them achieve digital asset compliance management. (Source link)