As a seasoned financial analyst with extensive experience in the blockchain and crypto space, I am thrilled to observe yet another week of significant investment inflows into the sector. The recent $150.9 million raised by 22 startups is a clear indicator of growing confidence and interest from both traditional and crypto investors.
In the past week, blockchain companies managed to raise a total of $150.9 million in investments. The most significant funding round of this period was Partior’s Series B, which brought in $60 million. This substantial investment underscores the growing interest and support for crypto projects.
This week saw a substantial increase in investment for the blockchain sector, as reported by Crypto Fundraising, with a grand total of $150.9 million raised among 22 startups through different financing rounds.
You can see the funding breakdown for this week in the table below:
Biggest funding round: Partior, $60 million
In a Series B financing round, Partior secured $60 million as the front-runner, using the funds to enhance their global, real-time clearing and settlement system based on a unified ledger and interbank rails.
At the helm of the funding round was Peak XV Partners. Valor Capital Group and Jump Trading Group joined in, alongside previous investors which included J.P. Morgan, Standard Chartered, and Temasek.
As a financial technology analyst at Partior, I can share that our team intends to utilize the recently acquired funds to broaden our global reach and incorporate additional currencies into our platform. Currently, we offer support for the US Dollar, Euro, and Singapore Dollar.
Major banks such as DBS, J.P. Morgan, and Standard Chartered currently employ the technology of this company to streamline their payment processes.
RedStone Oracles, $15 million
In other parts, RedStone Oracles raised $15 million during their Series A funding for progressing their modular blockchain oracle system.
RedStone is thrilled to share the news of completing a $15 million Series A funding round, with Arrington Capital taking the lead, to further develop its Modular Oracle product. 🌱💰
— RedStone Oracles ♦️ (@redstone_defi) July 2, 2024
Arrington Capital, a leading venture capital firm in the crypto space, spearheaded the investment round. Notable investors such as Spartan and IOSG Ventures also participated, alongside others with significant industry clout.
As a researcher studying the blockchain industry, I’ve come across an intriguing start-up called RedStone. Established during Arweave’s incubation program in 2021, RedStone has been making waves with over 100 clients on board and managing a value of more than $4 billion.
The company’s Oracle solutions are designed to lower gas costs for decentralized apps running on Ethereum Virtual Machine (EVM) and rollup-as-a-service (RaaS) networks.
SendBlocks, $8.2 million
As a cryptocurrency market analyst, I’m pleased to note that SendBlocks, an innovative Israeli startup, secured significant funding this past week. This company excels in the field of managing blockchain data.
In their seed funding round, Castle Island Ventures spearheaded an investment of $8.2 million for the company. Furthermore, this financing event drew involvement from additional venture capital firms such as Pitango, Illuminate Financial, Laser Digital, and Starkware.
Using natural and easy-to-read language, The SendBlocks platform empowers blockchain businesses to identify crucial data and utilizes advanced technology to unearth significant insights hidden within the blockchain.
Other notable fundraises
As a researcher studying the blockchain industry, I’ve come across an intriguing project called Tabi, previously known as Treasureland. In a successful public sale round, they managed to raise an impressive $16.1 million. Tabi is not just another marketplace; it’s a decentralized platform dedicated to non-fungible tokens (NFTs). It offers trading functionality for users looking to buy or sell their NFTs, as well as a launchpad for new projects to debut, and an engaging gaming platform to enhance the overall user experience.
On X’s blog posted on June 14th, the business announced an impressive first-hour haul of $5 million during the initial stage of its public token sale.
Zap has raised $15 million in funding from backers such as Rarestone Capital and Cypher Capital. The company specializes in reputation-driven token distribution to acknowledge user involvement, and it’s planning to broaden its protocol across various blockchain networks.
The project intends to apply the funds towards addressing crucial challenges in the airdrops and launchpads sector, while expanding its offerings to fresh areas and various blockchain platforms.
⚡Exciting News from ZAP: $15M Funding Success!⭐
We are delighted to share that ZAP has concluded a triumphant $15M funding round. The investment was spearheaded by Rarestone Capital, Cypher Capital, and Sharding Capital, with contributions from Presto Labs and Auros Global. Additionally, esteemed industry angels such as Lawmaster and Chelsea Jiang of joined us in this endeavor.
— ZAP ⚡️ (@zaponblast) July 12, 2024
The Rome Protocol came into existence under the radar, securing a capital injection of $9 million from esteemed venture capital firms specializing in cryptocurrency, including Hack VC and P2 Ventures.
The Rome Protocol intends to leverage Solana (SOL) as a supplementary network for Ethereum (ETH) layer-2 scalability solutions. This approach is designed to improve efficiency while maintaining a seamless user experience.
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2024-07-13 21:34