A total of 18 investments and financings took place in the crypto market this week, which is down from last week. The total investment amount is approximately US$518 million, a sharp increase compared to last week. Among them, Circle, the issuer of the US dollar stable currency USDC, raised US$440 million, accounting for 84.9%.
According to the chain news statistics, from May 29 to June 4, a total of 18 investment and financing events occurred in the crypto market. Among them, 4 in the asset management field, 5 in the tool application field, 4 in the DeFi field, 3 in the infrastructure field, and 2 in the NFT field. The total amount of investment and financing has been disclosed to be US$518.2 million.
The number of investment and financing this week has fallen from last week, but it has been disclosed that the total amount of investment and financing has increased significantly compared with last week. The amount of investment and financing this week was not high. Except for the 100 million-level financing or more in the asset management field, and the 10 million-dollar financing each in the DeFi and tool application fields, the financing amount of the other 15 projects was less than 10 million US dollars. .
The highest amount of financing this week occurred in the asset management field. Circle, the issuer of the US dollar stable currency USDC, completed a financing of US$440 million, accounting for 84.9% of the total amount of financing disclosed throughout the week.
In addition to the asset management field, the more active areas this week are the tool application and DeFi fields. Nearly 50% of the investment and financing events this week have been completed, and the tool application field has raised 25.9 million US dollars, ranking second on the track. This week, Yu Leng Track is an NFT field, and only two investment and financing incidents occurred.
In terms of institutions, this week newly added active institutions, Digital Currency Group, Marshall Wace, Valor Capital Group, Pillar VC, Intersection Fintech Ventures, Atlas Merchant Capital, Willett Advisors, Commonwealth Asset Management, 1kx, Hashed, generally focusing on asset management, tool applications and Defi And other fields.
Funds that continue to invest actively this week include Fidelity, SevenX Ventures, True Ventures, CMS Holdings, D1, Genesis Block Ventures, and so on.
Asset Management
Circle, the issuer of USD stablecoin USDC, completed USD 440 million financing, or listed through SPAC
Circle, the issuer of the US dollar stablecoin USDC, announced the completion of a US$440 million financing. This round of financing Fidelity, FTX, Digital Currency Group, Marshall Wace, Valor Capital Group, Pillar VC, Intersection Fintech Ventures, Atlas Merchant Capital and Willett Advisors participated in the investment.
Cross-chain smart contract wallet Blocto completed the $8 million private placement round token sale, SevenX Ventures participated in the investment
The cross-chain smart contract wallet Blocto completed the $8 million private placement round of token sales, and SevenX Ventures participated in this round of sales. Investors in this round also include Alameda Research, Dapper Labs CEO Roham, Quantstamp CEO Richard Ma, SushiSwap CTO Joseph Delong, and Rally founder Kevin Chou.
Endaoment, a non-profit charitable organization on the chain, completed a seed round of $2.5 million, led by Framework Ventures
Endaoment, a non-profit charity organization on the chain, completed a seed round of US$2.5 million, led by Framework Ventures, and participated in the investment by Distributed Global, Station 13, DeFi Alliance, Chapter One, Tony Sheng, Jayson Hobby, 0age, and Ben Rubin.
Zecrey, a Layer 2 privacy protocol based on zk-Rollup, completes $1.5 million in seed round financing
Based on the Layer 2 privacy agreement of zk-Rollup, Zecrey has completed a seed round of 1.5 million US dollars. The investors are Loopring, SevenX Ventures, Bybit, CMCC Global, SNZ Holding, Stake Capital, Block[0], DoraHacks Ventures, Crasolum, Cypherpunk Guild , Illia Polosukhin (co-founder of NEAR).
Tool application
Hxro Network, a decentralized derivatives protocol, receives USD 15 million investment from Commonwealth
Solana’s ecological decentralized derivatives protocol Hxro Network received a $15 million investment from the macro hedge fund Commonwealth Asset Management through token sales.
Crypto credit rating company Credmark raises US$5.5 million to establish a decentralized risk model platform
Credmark, an encrypted credit rating company, has received US$5.5 million in investment from investors such as Solidity Ventures, Genesis Block Ventures, Spark Digital Capital and others.
DeepDAO, a decentralized information analysis platform, completes $3 million in financing
DeepDAO, a decentralized information analysis platform, announced the completion of $3 million in financing. Among them, the lead investors in the seed round are Hypersphere and DFG, and the lead investors in the pre-seed round are LD Capital and YBB Foundation. DeepDAO stated that the remaining investors are Moonwhale Ventures, Morningstar Ventures, SevenX Ventures, AU21 Capital, TRGC, JRR Crypto, Incuba Alpha, Bitfwd, Mr. Block, The Illusionist Group, PAKA Capital, Kernel Ventures, Lancer Capital, Waterdrip Capital, LVT Capital, Infinite Decentralization Capital, Kolektivo Labs, ID Theory, DAO Maker, Ellipti, Stratos Technologies, Andrey Shirben Vishal Kankani, Sergei Chan, etc.
Automata Network, a decentralized middleware agreement, completes a $2.4 million strategic round of financing
Automata Network, a decentralized middleware agreement, completed a strategic round of financing of US$2.4 million. Participants were KR1, IOSG Ventures, and Jump Trading.
Venture capital firm USV invests in the decentralized content publishing platform Mirror, which is valued at US$100 million
The venture capital firm Union Square Ventures (USV) has invested in the decentralized content publishing platform Mirror, which is valued at $100 million.
DeFi
DeFi asset management platform Set Labs completes US$14 million in Series A financing, led by 1kx and Hashed
Set Labs, a DeFi asset management platform, completed a US$14 million Series A financing, led by 1kx and Hashed, with participation from Mechanism Capital, Defiance, Spartan Group, ParaFi, Coinbase Ventures, Craft Ventures, and Threshold Ventures.
DeFi incubator Impossible Finance receives over 7 million U.S. dollars in financing
DeFi incubator Impossible Finance has raised more than US$7 million in financing, and the funds will be used to build a DeFi incubator, launchpad and trading platform. This round was led by True Ventures, CMS Holdings, Alameda Research and Hashed. The remaining investors included Sino Global Capital, IOSG Ventures, Divergence, GBV, mgnr.io, Lemniscap, Primitive, Incuba Alpha, BR Capital, Coin98, Ternary Capital , The LAO, Maple Leaf Capital, Longhash Ventures, Bitscale, etc.
Risk management platform Sherlock received US$1.5 million in financing, led by IDEO CoLab Ventures
Risk management platform Sherlock received a $1.5 million Pre-Seed round of financing. This financing was led by IDEO CoLab Ventures, with participation from A Capital, Scalar Capital, and DeFi Alliance. Angel investors include Primitive founder ALex Angel and Aave risk control leader Alex Bertomeu-Gilles, Chris Spadafora head of operations, DODO co-founder Diane Dai, UMA co-founder Hart Lambur, Synthetix co-founder Jordan Momtazi, etc.
Solana ecological DeFi platform Apricot Finance completes $800,000 seed round financing
Solana Eco-DeFi platform Apricot Finance announced the completion of a seed round of 800,000 USD. Investors include NGC Ventures, DFG, CMS Holdings, Genblock Capital, CryptoJ, Coinsights Ventures, Double Peak Group, and one of the early seed investors of Solana and FTX. Chris McCann from Race Capital.
infrastructure
Polkadot-based sustainable decentralized storage solution development team Subspace Labs completes $4.5 million in seed round financing
Subspace Labs, a sustainable decentralized storage solution development team based on the Polkadot ecology, completed a seed round of funding of USD 4.5 million. This round was jointly led by Hypersphere Ventures and Stratos Technologies. Other participating institutions include Consensys Mesh, IOSG Ventures, Republic Labs, D1, Block Dream Fund, Gate Labs, NGC, Candaq, Krypital, Dealean, Cabin VC and DefinitionX.
Polkadot-based DApp framework agreement Pontem received US$4.5 million in financing
The Polkadot-based DApp framework agreement Pontem received US$4.5 million in financing, led by Mechanism Capital and Kenetic Capital, Alameda Ventures, Delphi Ventures, Animoca Brands, NGC Ventures, Morningstar Ventures, Genesis Block Ventures, Spartan Capital, Altonomy, Avalanche, CMS Holdings , Momentum 6, Taureon, AU21 Capital, GIBC, etc. participated in the investment.
Blockchain advertising technology support platform JAMBO NETWORK completes US$2 million institutional round financing, HOO VENTURES strategic investment
Blockchain advertising technology support platform JAMBO NETWORK has completed a US$2 million institutional round of financing, HOO VENTURES strategic investment, and currently disclosed investment institutions are SILICON VENTURES.
NFT
Polkadot ecological NFT infrastructure RMRK received US$6 million in financing
The Polkadot ecological NFT infrastructure RMRK received US$6 million in financing. Investors include D1 Ventures, YBB, PAKA, LD Capital, Signum Capital, Carbon Blue, etc.
Creative economy NFT business platform Uptick Network completes first round of financing
Creative economy NFT business platform Uptick Network announced the completion of the first round of financing, the amount of which was not disclosed. The investment was led by Partners Fund Dragon Roark Venture of Silicon Valley Fund Draper Dragon. Institutional investors participating in this round of investment included Tendermint Venture, IRIS Foundation, PreAngel Fund, etc., as well as a number of industry players.
