a16z and Coinbase Ventures jointly led a US$260 million financing of Indian crypto exchange CoinSwitch Kuber; in addition, a16z also led a US$152 million financing of Axie Infinity developer Sky Mavis.
According to the chain news statistics, from October 2 to October 8, 22 investment and financing events occurred in the crypto market, and the number of financing has declined. The total amount of investment and financing has been disclosed to be 715.85 million U.S. dollars, a slight rebound from last week.
There were 3 billion-level large-scale financings this week. From the perspective of track classification, financing events are mainly concentrated in the fields of CeFi, NFT and DeFi, and the amount of financing in the CeFi field accounts for nearly half. The highest amount was the Indian crypto exchange CoinSwitch Kuber with a US$1.9 billion valuation C round of financing of US$260 million, led by a16z and Coinbase Ventures; followed by Axie Infinity developer Sky Mavis completed US$152 million in Series B financing, led by a16z cast.
It is worth mentioning that the star crypto venture capital a16z was active this week, leading two large-scale financings of 100 million yuan. In addition, Coinbase Ventures continued its outstanding performance last week and continued to add to the CeFi field.
In terms of institutions, active institutions this week include a16z, Coinbase Ventures, Jump Capital, OKex Blockdream Ventures, LD Capital, DeFi Alliance, etc. Active institutions generally focus on CeFi, NFT, and DeFi.
Note: The number and total amount of financing in the statistics do not include fund financing.
CeFi
Indian crypto exchange CoinSwitch Kuber raised US$260 million in Series C financing with a valuation of US$1.9 billion, led by a16z and Coinbase Ventures
Indian crypto exchange CoinSwitch Kuber completed a US$260 million Series C financing with a valuation of US$1.9 billion, led by a16z and Coinbase Ventures, with participation from Ribbit Capital, Paradigm, Tiger Global and Sequoia Capital India.
BitOasis, a cryptocurrency exchange in the Middle East and North Africa, raised US$30 million in Series B. Jump Capital and Wamda jointly led the investment
The cryptocurrency exchange BitOasis in the Middle East and North Africa (MENA) completed a US$30 million Series B financing. Venture capital firm Jump Capital and Wamda in the Middle East and North Africa jointly led the investment, Alameda Research, Global Founders Capital, Pantera Capital, Digital Currency Group And NXMH participated in the investment.
Colombian financial technology company Movii has received US$15 million in Series B financing and will launch bitcoin purchase services
Colombian financial technology company Movii received US$15 million in Series B financing. Square and Hard Yaka (the investment fund created by Ripple’s chief risk officer Greg Kidd) led the investment. This round of financing will be used to promote the growth of existing services and provide users with The service of buying bitcoins.
New Zealand cryptocurrency exchange Easy Crypto completes US$11.75 million in financing, led by Nuance Connected Capital
New Zealand cryptocurrency exchange Easy Crypto announced the completion of a US$11.75 million (NZ$17 million) Series A financing, led by venture capital fund Nuance Connected Capital. Other investors include Pathfinder, Icehouse Ventures, Even Capital, GDP Venture, Hutt Capital and Seven Peaks Ventures, etc.
Digital asset custodian Hex Trust completes US$10 million financing, led by Animoca Brands
Digital asset custodian Hex Trust announced the completion of US$10 million in financing, led by Animoca Brands, with participation from Ripple Labs, Algorand Foundation, BCW Group, Tessera Capital Partners, Mind Fund, Double Peak Group and Token Bay Capital.
NFT
Axie Infinity developer Sky Mavis completes US$152 million in Series B financing, led by a16z
Sky Mavis, the developer of the NFT game Axie Infinity, completed a US$152 million Series B financing, with a16z leading the investment, with participation from Paradigm, Accel, Konvoy Ventures, FTX, and Libertus Capital.
Multi-chain game platform OP Games completes $8.6 million seed round financing
Multi-chain game platform OP Games completed $8.6 million in seed round financing. Investors include Republic Crypto, Ascensive Assets, Morningstar Ventures, Mechanism Capital, Polygon Studios, Bitcoin.com, Mentha Partners, OKex Blockdream Ventures, LD Capital, SevenX Ventures, GFS Ventures, DeFi Alliance, Everest Ventures Group, etc.
NFT platform Art Blocks raised US$6 million in financing, led by True Ventures
NFT platform Art Blocks received US$6 million in financing, with True Ventures leading the investment. Participants include Galaxy Digital’s entertainment-focused venture capital fund Galaxy Interactive, Collab Currency, Libertus Capital, Flamingo DAO, The LAO.
Merit Circle has completed USD 4.5 million in seed round financing, which will be used to promote the development of the “play while earning” game industry
Metaverse decentralized autonomous organization Merit Circle announced the completion of USD 4.5 million seed round financing. DeFiance Capital, Mechanity Capital, Spartan Group, DCG, Maven11, OP Crypto, Dialectic, CitizenX, Yield Guild Games and Bitscale Capital participated in the investment, and other angel investments People include Jihoz (Axie), Alex and Isaac (Nansen), Gmoney, Kieran and Danny (Illuvium), Kristaps (Hashrush), Tin (Sipher), Ryan (Teller), Calvin (Impossible Finance), Bobby (Coingecko), Piers (Bitkraft), Richard (Quantstamp), Sergei Chan, Danish Chaudhry, etc.
Blockchain game startup Demole completes $650,000 seed round financing
Demole, a blockchain game start-up company, has completed a seed round of $650,000. Participants include DAO Maker, LD Capital, and Metrix Capital.
DeFi
Strips Finance, a decentralized fixed income platform, received US$8.5 million in financing, with participation from Sequoia Capital India and Multicoin
Strips Finance, a decentralized fixed income platform, raised US$8.5 million through token sales. Investors include Multicoin Capital, Sequoia Capital India, Fabric Ventures, and Morningstar Capital.
Solana ecological DeFi platform GooseFX completes USD 4.5 million seed round financing
Solana Eco-DeFi platform GooseFX completed a seed round of USD 4.5 million. Investors include SkyVision Capital, CoinShares, BiXin Ventures, Animoca Brands, KuCoin Labs, Solana Capital, GSR, Solana Eco Fund, Double Peak Group, Darkpool Liquidity, Halborn, Definitive Capital , 6K Starter, OIG, MEXC, GenBlock Capital, Dweb3 Capital, Gate.io, Signal Ventures, etc.
Stader Labs, a cryptocurrency pledge platform, completed a $4 million seed round of financing through a token sale, with Pantera Capital leading the investment
The cryptocurrency pledge platform Stader Labs completed a $4 million seed round of financing through token sales. Pantera Capital led the investment, Coinbase Ventures, True Ventures, Jump Capital, TerraForm Labs, Solana Foundation, NEAR Foundation, etc. Individual investors include the CEO of Anchorage Diogo Monica, Coinbase cryptocurrency head Nemil Dalal, Staked CEO Tim Ogilvie, Polygon CEO Jaynti Kanani, Polygon COO Sandeep Nailwal, CoinDCX CEO Sumit Gupta, Biconomy CEO Ahmed Al Balaghi, etc.
THORChain Ecological Transaction Agreement THORSwap completed USD 3.75 million financing, led by IDEO CoLab Ventures
THORChain ecological trading agreement THORSwap completed a financing of 3.75 million US dollars, IDEO CoLab Ventures led the investment, and True Ventures, Sanctor Capital, THORChain, Nine Realms, Proof Group, 0xVentures, Qi Capital and others participated in the investment.
Klaytn Ecological Stable Coin Agreement Kokoa Completes 2.3 Million USD Financing, Hashed Leads Investment
The Klaytn ecological stablecoin agreement Kokoa Finance announced the completion of a US$2.3 million financing, led by Hashed, with participation from Sky Vision Capital and a41 Ventures.
infrastructure
DeSo launched a $50 million decentralized social ecological fund, which will support early blockchain social media projects
The social blockchain DeSo, founded by Nader Al-Naji, the founder of the social media site BitClout, announced the launch of the Octane Fund, a US$50 million fund, to support the development of the decentralized social media ecosystem.
Media: Encrypted payment infrastructure Ramp completes US$30 million in Series A financing, with a valuation of US$300 million
Encrypted payment infrastructure company Ramp has completed a US$30 million Series A financing with a valuation of US$300 million, led by British venture capital firm Balderton Capital.
Algorand-based DEX Tinyman completes US$2.5 million in financing, DCG participates in the investment
Algorand-based DEX Tinyman completed $2.5 million in financing, with Borderless Capital, Arrington Capital, The LAO, Genesis Capital, DCG, BlockTower Capital, and GoldenTree Asset Management participating in the investment.
application
The final funding round of the data ownership project Swash private placement reaches 7 million U.S. dollars, and IDO will be conducted on October 29
Data ownership project Swash announced the completion of a $7 million private placement round of financing. Swash previously completed a US$4 million financing led by Outlier Ventures, Streamr and KuCoin. Since then, this round of financing has been oversubscribed by US$3 million.
Blockchain protocol PowerLoom completes $3.1 million seed round financing, Blockchain Capital leads the investment
Blockchain protocol PowerLoom announced the completion of a seed round of USD 3.1 million, led by Blockchain Capital. Other investors include Fenbushi Filecoin Eco Fund, CMS Holdings, Protocol Labs, Divergence, Privcode Capital (MXC), Youbi Capital, Double Peak Group, Altonomy , AU21 Capital, LongHash, KNS Group and The LAO, etc.
Digital marketing platform Ojamu completes $1.7 million private equity round of financing
Digital marketing platform Ojamu completed a $1.7 million private equity round of financing. Participants include Ascensive Assets, Master Ventures, Moonrock Capital, Morningstar Ventures, A195 Capital, Protocol Ventures, Genesis Block Ventures, Vendetta Capital, X21, Waterdrip Capital, Chain Capital, Rarestone Capital, etc.
mining
Bitcoin mining company Marathon receives US$100 million revolving credit line from U.S. crypto-friendly bank Silvergate
Bitcoin mining company Marathon Digital Holdings has obtained a $100 million revolving credit line from Silvergate, a crypto-friendly bank in the United States, backed by Bitcoin and U.S. dollars. The loan will be used to fund the company’s mining business and purchase new equipment.
other
Venture capital company NFX established a USD 450 million fund, focusing on industries such as encryption, gaming, and financial technology
Venture capital company NFX has established a new fund of USD 450 million, which will focus on investing in industries such as crypto, gaming, and financial technology. The main investment will be pre-seed and seed-round startups, generally 500,000 to 5 million. U.S. dollars, and the fund’s cryptocurrency investment will be led by Morgan Beller, the general partner of NFX and former Diem co-founder.
Game investment platform Bitkraft Ventures launches USD 75 million chain game investment fund
Game investment platform Bitkraft Ventures announced the launch of Bitkraft Token Fund I, a US$75 million blockchain game and digital entertainment investment fund.
Crypto asset management company Arca’s first early-stage venture capital fund Endeavor has been oversubscribed above the $30 million cap
Arca Endeavor Fund, the first early-stage venture capital fund launched by the crypto asset management company Arca, received an oversubscription that exceeded its $30 million cap.
Astar Network and Shiden Network announce the launch of a USD 30 million ecological fund
The Polkadot ecological DApp platform Astar Network and Kusama Parachain Shiden Network announced the launch of an ecological fund, which will provide 6% of the total supply of Shiden tokens (valued at approximately US$30 million) as incentive funds.
