As someone who has been closely following the rapidly evolving landscape of blockchain and gaming industries, I must say that these funding announcements are nothing short of exhilarating!
This past week, over $253 million was invested in the cryptocurrency start-up sector, with a significant portion, approximately, going towards the Celestia Foundation’s blockchain network.
Crypto.news recently looked at social media updates and gathered information from Crypto Fundraising to find out that more than a dozen businesses successfully secured funds within the time frame of September 22nd to September 28th. Here’s a list of those companies:
Celestia Foundation, $100 million
As a dedicated researcher immersed in the realm of space exploration and decentralized technology, I’m thrilled to share that the esteemed organization based in Liechtenstein, renowned for its work on Celestia (TIA), has successfully garnered an impressive $100 million investment. This significant funding round was spearheaded by the prominent venture capital firm, Bain Capital Crypto, with other major crypto-focused firms also contributing to this milestone.
Infinex, $65.29 million
Infinex, a decentralized trading platform, raised $65.29 million using the sale of Non-Fungible Tokens (NFTs). The investment was made by various entities including Framework Ventures, Solana Ventures, Wintermute, Eden Block, Moonrock Capital, and Bankless VC. Each of these groups contributed to this initiative.
As a financial analyst, I’d like to highlight that I recently learned about Infinex App, a cutting-edge decentralized exchange, successfully managing to amass $65.29 million in an innovative NFT Sale. Noteworthy contributors to this round included Hi Framework, Solana Ventures, Wintermute, Eden Block Ventures, Moonrock Capital, Bankless Ventures, and several others. This significant investment underscores the growing interest and confidence in the potential of decentralized finance solutions like Infinex App.
— Fundraising Digest (@CryptoRank_VCs) September 26, 2024
Pencils Protocol, $30 million
As a financial analyst, I’m thrilled to announce that the Pencils Protocol, a cutting-edge auction platform and yield aggregator on Scroll, has successfully secured an additional $30 million in funding. Notable strategic investors such as DePIN X, Taisu Ventures, Black GM Capital, and Bing Ventures have shown their confidence in our vision by participating in this round. This significant investment will undoubtedly propel us forward in our mission to revolutionize the decentralized finance landscape.
Initia, $14 million
In their first major funding round, Initia secured an investment of $14 million. The venture capitalists Tomasz Tunguz and Spencer Farrar from Theory VC took the lead in this fundraising endeavor. Additionally, Delphi Ventures and Hack VC joined forces to contribute as well.
As a researcher, I am thrilled to share that Initia has successfully closed our Series A funding round worth $14 million. This significant investment was spearheaded by Trevor Kaufman at TheoryVC, alongside Spencer Farrar, and it includes the continued support from Delphi Ventures and Hack VC. We are grateful for their belief in our vision and mission.
— Initia 🪢 (@initiaFDN) September 25, 2024
Mawari Network, $10.8 million
TK
Mawari Network secures $10.8 million in strategic investments to pave the way for spatial computing’s tomorrow, utilizing their know-how in broadcasting immersive experiences through DePIN technology to deliver 3D content swiftly and economically to devices globally.
— Mawari (@mawariXR) September 26, 2024
Mind Network, $10 million
In a pre-A financing round, Mind Network successfully secured $10 million. Notable investors involved in this endeavor were Animoca Brands, Arkstream Capital, Cogitent VC, MH Ventures, Moonhill Capital, SwissBorg, IBC Group, Master VC, and several others.
As an analyst, I’m thrilled to announce that MindNetwork_xyz has successfully secured a Pre-A funding round totaling $10 million. A diverse group of esteemed investors such as Animoca Brands, Arkstream Capital, Cogitent VC, MH Ventures, Moonhill Capital, SwissBorg, IBC Group, Master VC, and numerous others have backed this significant milestone for our network. This investment will undoubtedly propel our growth trajectory and help us achieve our vision even more effectively.
— 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) September 27, 2024
Darkbright, $6 million
Under the guidance of Bitkraft Ventures, a significant seed funding round totaling $6 million was successfully over-subscribed for Darkbright, the creative web3 workshop responsible for the development of Smolbound, a captivating role-playing game.
Excitedly announcing our oversubscribed $6 million Seed funding round, spearheaded by BITKRAFTVC and prominent investors in the gaming and web3 sectors.
Smolbound represents a unique twist on the life sim RPG genre, marking Dark Bright Games’ inaugural step towards shaping the future of midcore gaming.
Discover more details 👇
— Smolbound (@smolbound) September 23, 2024
Daylight, $6 million
In collaboration, Union Square Ventures and 1kx Network spearheaded a $6 million initial funding round for the cryptocurrency platform, Daylight. This innovative company is renowned for its transaction suggestion Application Programming Interface (API).
As an analyst, I’m thrilled to share the news about our latest $6M funding round, spearheaded by USV, with 1kxnetwork co-leading the charge! Our company, Daylight, is the “onchain for you” API that brings personalized recommendations to platforms such as Coinbase Wallet, MetaMask, Zerion, and OKX Wallet.
— kyle (@kyle) September 24, 2024
Gunzilla Games, $6 million
Delphi Ventures made its biggest gaming investment yet by pouring funds into Gunzilla Games. The studio’s upcoming game, “Off The Grid,” incorporates Gunzilla’s GUNZ blockchain as a significant element.
We’re thrilled to announce that Delphi Ventures has joined our ranks as our leading validator in our blockchain network, GUNZ. We eagerly welcome Delphi as a valuable partner as we expand and strengthen the GUNZ ecosystem. Learn more about this exciting development here.
— Gunzilla Games (@GunzillaGames) September 25, 2024
AminoChain, $5 million
Over the last two years, AminoChain, a biobank and Layer 2 network functioning on a decentralized basis, has been relatively low-key. However, it recently attracted attention when a16z crypto led a $5 million seed funding round for this startup, bringing the total investment to $7 million. This is a significant milestone as it marks a16z’s inaugural investment in the field of decentralized science, popularly known as DeSci.
We’ve been quietly constructing for two years, and now we can’t wait to reveal the results of our efforts at AminoChain! Additionally, we’re thrilled to unveil that our $5M seed funding round is being spearheaded by @a16zcrypto!
— AminoChain (@Amino_Chain) September 25, 2024
Funding rounds < $5 million
- Eigenpie: The restaking SubDAO designed to maximize earning potential for liquid staking token holders raised $4 million.
- Meshmap: The open and decentralized platform received $4 million from a16z, Colosseum, Lattice, Escape Velocity, GSR and other institutions.
- Meridian: ParaFi Capital, Borderless Capital, Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures pooled $4 million for the Hong Kong-based decentralized liquidity marketplace.
- Helixlabs: The startup nabbed $2 million in a pre-seed funding round from Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group. Its valuation hovers at around $40 million.
- EarthFast: Nascent led a $1.4 million pre-seed funding round; The General Partnership also participated alongside Kain Warwick, Roneil Rumburg, Bodhi Ventures
For last week’s column, click here.
Read More
Sorry. No data so far.
2024-09-28 19:00