Crowdfunding platform Republic and NFT startup Candy Digital also completed billion-level financing. In addition, 8 crypto funds were newly launched or completed financing this week.
According to the chain news statistics, from October 16 to October 22, a total of 30 investment and financing events occurred in the crypto market, and the number of investment and financing transactions was the same as the highest point since April. The total amount of investment and financing has been disclosed to be 956.65 million U.S. dollars. Compared with last week, the number and amount of financing have increased.
From the perspective of track classification, financing events are mainly concentrated in the fields of NFT and DeFi, accounting for 70% of the total financing. A total of 3 billion-level large-scale financings occurred this week. The highest amount was FTX completed a US$420 million financing at a valuation of US$25 billion, with 69 institutions including Sequoia and Temasek participating in the investment; followed by the crowdfunding platform Republic, which completed a US$150 million Series B financing, led by Valor Equity Partners; NFT startup Candy Digital completed a US$100 million financing with a valuation of US$1.5 billion, led by SoftBank and Insight.
In terms of institutions, continued active institutions this week include CoinFund, ParaFi Capital, SoftBank, Pantera Capital, Solana Capital, OKEx Blockdream Ventures, LD Capital, Tiger Global, SkyVision Capital, etc. Active institutions generally focus on areas such as NFT and DeFi. It is worth mentioning that 8 crypto investment funds were newly launched or completed financing this week.
In addition, after Animoca Brands frequently invested in multiple NFT projects last week, it completed a $65 million financing at a valuation of $2.2 billion this week, and plans to continue to expand its investment in the NFT field.
Note: The number and total amount of financing in the statistics do not include investment and financing in the “other” category.
DeFi
Fixed-rate lending agreement Element Finance raised USD 32 million at a valuation of USD 320 million, led by Polychain Capital
Fixed-rate lending agreement Element Finance completed a US$32 million Series A financing with a valuation of US$320 million. Polychain Capital led the investment. Original investors Andreessen Horowitz (a16z), Placeholder, A_Capital, Scalar Capital and new investors Advanced Blockchain, Republic, Rarestone , Yunt Capital, P2P Validator, Ethereal Ventures and its limited partners, Femboy Capital participated in the investment, and also included individual investors in the DeFi world, such as MakerDAO founder Rune Christensen, Aave founder and CEO Stani Kulechov, etc.
Uniswap V3 liquidity management agreement Sommelier completes $23 million in financing, led by Polychain Capital
Sommelier, a Uniswap V3 liquidity management agreement using the Cosmos validator, completed a $23 million financing. Polychain Capital led the investment. Byzantine Ventures, Tendermint Ventures, Secure Ventures, D1 Ventures, Ferngrove Ventures and Alameda Research participated in the investment.
Manta Network, Polkadot’s ecological privacy protection project, completes US$5.5 million in financing
Manta Network, a Polkadot ecological privacy protection project, completed US$5.5 million in financing. Participants include CoinFund, ParaFi Capital, LongHash Ventures, CMS Holdings, Divergence Ventures, Spartan Group, Global Coin Ventures, SkyVision Capital, Zee Prime, SNZ, etc. More than 30 venture funds, as well as individual investors from Digital Currency Group, Consensys and Bitcoin.com, SushiSwap core contributor 0xMaki, Dragonfly Capital partner Kevin Hu, ParaFi general partner Santiago Santos, etc.
Synchrony Finance completes USD 4.2 million financing based on Solana-based asset management agreement
Synchrony Finance, an asset management agreement based on Solana, announced the completion of USD 4.2 million strategic financing. The fundraising will be divided into seed rounds and private placement rounds, and tokens will be sold through SAFT. Investment institutions include Sanctor Capital, Wintermute Trading, GBV Capital, HashKey, and Magnus Capital , 0xVentures, etc.
Solana Eco-Options Agreement PsyOptions completed the first round of US$3.5 million financing led by Alameda Research, and the funds raised will be used to expand product categories
Solana’s ecological options platform PsyOptions completed the first round of financing of 3.5 million US dollars, led by Alameda Research, and participated in the investment of CMS Holdings, Ledger Prime, MGNR, Wintermute and Airspeed18.
DeFi “credit” lending platform Sublime completes $2.5 million in seed round financing, and will launch a small-scale beta version in the next two weeks
DeFi lending platform Sublime completed a seed round of $2.5 million. Galaxy Digital and Electric Capital led the investment, FinTech Collective and Collab Currency participated in the investment, and other angel investors included Jill Carlson Gunter and Ryan Selkis.
FIAT DAO, a derivative project incubated by BarnBridge, raised US$2 million in seed rounds, with participation of ParaFi Capital and others
Risk-graded derivatives agreement BarnBridge incubated fixed-income asset leveraged project FIAT DAO (Fixed Income Asset Token DAO) seed round financing of 2 million US dollars, ParaFi Capital, Fourth Revolution Capital, Morgan Creek Digital, Mechanism Capital, Standard Crypto, Folius Ventures, Not 3Lau Capital, D64 Ventures, Santiago Santos, Johannes Pfeffer, Universe Protocol and BarnBridge co-founders Tyler Ward and Troy Murray, True Ventures’ Adam D’Augelli, Diem’s ​​Noah Jessop and Dragonfly’s Ashwin, Lawrence Diao, TJ Kelly, Ryan Pfeffer Participate in investment.
Symbiosis Finance, a stable currency cross-chain bridge, completed US$2 million in financing, led by Blockchain.com
The stablecoin cross-chain bridge Symbiosis Finance completed a $2 million financing, led by Blockchain.com Ventures, with participation from Wave Financial, BTC Inc, KuCoin Labs, Injective Labs, DAO Maker, Primitive Ventures, Kairon Labs, Gate.io and Richard Dai .
Polynomial, an option liquidity aggregation agreement, completes $1.1 million in financing, led by Acrylic
Polynomial, an option liquidity aggregation agreement, completed $1.1 million in financing. Acrylic led the investment. Genblock Capital and Caballeros Capital participated in the investment. Individual investors include Quantstamp co-founders Don Ho and Richard Ma, Paul Veradittakit (Pantera Capital), etc.
DeFi lending agreement Timeswap has completed the seed round of financing led by Multicoin Capital, and a beta version will be launched in the near future
The DeFi lending agreement Timeswap completed the seed round of financing, with Multicoin Capital leading the investment, and Mechanism Capital and Defiance Capital participating. The specific financing amount has not been disclosed. The project will launch a test version in the near future. The angel round investors of the agreement include Balaji Srinivasan, former CTO of Coinbase, Surojit Chatterjee, chief product officer of Coinbase, Mihailo Bjelic, co-founder of Polygon, Ryan Sean Adams, founder of Bankless, and Alex Svanevik, CEO of Nansen.
Decentralized derivatives exchange MCDEX receives investment from BSC Growth Fund
The decentralized derivatives exchange MCDEX received investment from the BSC Growth Fund, and the investment amount was not disclosed.
NFT and games
NFT startup Candy Digital completed a $100 million financing with a valuation of $1.5 billion, led by SoftBank and Insight
Candy Digital, an NFT startup founded by sports goods retailer Fanatics, completed a $100 million Series A financing with a valuation of $1.5 billion, led by Insight Partners and SoftBank (SoftBank Vision Fund 2), with participation from Athletes Syndicate and Chaos Ventures.
NFT sci-fi card game Parallel receives USD 50 million investment from Paradigm, valued at USD 500 million
NFT science fiction card game Parallel announced that it has received a US$50 million investment from Paradigm at a valuation of US$500 million. Prarllel said that previous investors in the project include YouTube co-founder Chad Hurley, Focus Labs, OSS Capital and Yunt Capital.
NFT digital art e-commerce platform only art TheOne.art completes RMB 10 million angel round financing
The One.art, the only art on the NFT digital art e-commerce platform, completed an angel round of financing of RMB 10 million, led by the Zhejiang Creative Cultural Industry Fund under Dunhong Assets. The only art platform disclosed that in this round of financing, the company was endorsed by state-owned capital and obtained a number of operating qualifications under existing policies.
Solana Ecological “Move-to-Earn” NFT Game Genopets Completes $8.3 Million Seed Round Financing
Solana Ecological “Move-to-Earn” NFT game Genopets completed a seed round of 8.3 million USD, led by Konvoy Ventures and Pantera Capital, Old Fashion Research, Alameda Research, Solana Capital, Xoogler Ventures, Mechanism Capital, Collab Currency, Spartan Group , Animoca Brands, OliveX, Hyper, CMT Digital, DeFi Alliance, Eniac Ventures, CMS Holdings, GBV Capital, Yield Guild Games, Merit Circle, Bitscale Capital, Infinity Ventures Crypto, Evernew Capital, Fundamental Labs, Valhalla Capital, Cinchblock, Raptor Capital Participated with Magnus Capital.
Game development studio Laguna Games completes $5 million seed round financing, led by Bitkraft Ventures and Delphi Digital
Game development studio Laguna Games completed a $5 million seed round of funding, led by Bitkraft Ventures and Delphi Digital, with participation from Transcend Fund, Headline Ventures and Polygon Studios.
Blockchain game company Vorto Gaming completed US$4 million in private equity financing to build infrastructure, ecosystems and markets
Blockchain game company Vorto Gaming received US$4 million in private equity financing. Investors include Flow Ventures, LD Capital, Block0 Fund, Daedalus Syndicate, NEAR Foundation, OWC mentors and members, Red Cave Ventures, ArkStream Capital, GFS Ventures, Polygon Studios Fund, a UAE-based crypto asset fund and a large Hong Kong consortium.
Solana platform NFT game MonkeyBall completed US$3 million financing, Solana Capital, Republic and others participated in the investment
MonkeyBall, an NFT game based on the Solana platform, completed $3 million in financing and received investment from the founders of Solana Capital, Republic, NFX, iAngels, Longhash, and DraftKings.
Good Games Guild completed $1.7 million in seed round and private equity rounds, OKEx Blockdream Ventures and others participated in the investment
The Good Games Guild (GGG), a game guild focusing on the meta-universe and “play-to-earn” ecology, has completed a total of USD 1.7 million in seed rounds and private equity rounds within 3 months, OKEx Blockdream Ventures, MapleBlock Capital, LD Capital, Basics Capital, Twin Apex Capital, AU21 Capital, Alves Ventures, Kyros Ventures, Fomocraft, Titans Ventures, Signal Ventures, Scorpio VC, Master Ventures, Exnetwork, Dutch Crypto Investor (DCI), Oracle Investment Group (OIG), Iluvium Kieran and NGC Ventures participated in the investment.
Multi-chain “Play-to-earn” social game PlaceWar completes $400,000 seed round financing
The multi-chain “Play-to-earn” social game PlaceWar completed a seed round of $400,000. LD Capital and Crypto.com participated in the investment.
P2E chain game Fancy Birds received pre-seed financing, investors include Synthetix, Aave, SushiSwap founders
The P2E (Play to Earn) chain game Fancy Birds received pre-seed financing. The amount of financing has not yet been disclosed. Investors include Synthetix founder Kain Warwick, Aave CEO Stani Kulechov, Barnbridge co-founder Tyler Ward, and angel investor Santiago Santos , 0xmaki, co-founder of SushiSwap, the game will be launched in 1 month.
application
Crowdfunding platform Republic completes US$150 million in Series B financing, led by Valor Equity Partners
Private investment platform and technology service provider Republic announced the completion of US$150 million in Series B financing. Valor Equity Partners led the investment. Participants included Galaxy Interactive (a subsidiary of Galaxy Digital), British hedge funds Brevan Howard, Atreides, Motley Fool Ventures, HOF Several executives from Capital, Tribe Capital, CoinFund, and GoldenTree, an asset management company.
Obol Technologies, a trustless public chain pledge agreement, completes $6.15 million in financing
Obol Technologies, a trustless public chain pledge agreement, completed $6.15 million in financing. Investors include ConsenSys, Acrylic Capital, Coinbase Ventures, IOSG Ventures, Blockdaemon, Delphi Digital, Stakefish, Figment Fund, Chorus One, Staking Facilities and The LAO.
Numbers Protocol, a decentralized image network, completed a $6 million private placement round and seed round of financing, with Protocol Labs and Binance participating in the investment
Numbers Protocol, a Web 3.0 decentralized image network, has completed a $6 million private equity round and seed round of financing. The private equity investors are Protocol Labs (IPFS/Filecoin) and DAOMaker, and the seed round investors are Binance and YouTube co-founder Steve Chen, Twitch co-founder Kevin Lin, HTC Vive founder and Race Capital general partner Phil Chen, the funds raised will be used to continue to develop a Web 3.0-oriented decentralized image network to make digital media assets traceable and verifiable.
CeFi
FTX completed a US$420 million financing with a valuation of US$25 billion, with 69 institutions including Sequoia and Temasek participating in the investment
Cryptocurrency exchange FTX announced that it has completed a US$420 million B-1 round of financing with a valuation of US$25 billion. Temasek, Sequoia Capital, Ribbit Capital, BlackRock, Tiger Global, Ontario Teachers’ Pension Plan Committee, Sea Capital, IVP, ICONIQ 69 investment institutions including Growth and Lightspeed Venture Partners participated in the investment.
Animoca Brands completes US$65 million financing at a valuation of US$2.2 billion, Sequoia China participates in the investment
Animoca Brands completed a US$65 million financing with a valuation of US$2.2 billion. Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, Token Bay Capital, Smile Group, Tess Ventures, MSA Capital, Octava Fund, Adit Ventures, Summer Capital, Sigitech Holdings, Black Anthem Ltd, Mirana Corp, Justin Sun participated in the investment.
tool
DApp development platform Decentology completed a seed round of funding of 4.3 million US dollars to build a composable smart contract market and transition to DAO
DApp development platform Decentology announced the completion of a seed round of USD 4.3 million, led by Dapper Labs, Borderless Capital, Good News Ventures, Berezka Ventures, Synaps, Animal Ventures, Kosmos Capital, x21 Digital, NOIA, Manta Network, Autonomy, Ascensive Assets, Mayu Ventures, Meld Ventures, Portico Ventures, SevenX Ventures, Unanimous Capital participated, and other angel investors included Sanjay Poonen (formerly VMWare), Scott Moore (Gitcoin), David Phelps and Kae Huynh.
The cross-chain tool set ENVELOP has completed a million-dollar financing and will conduct IDO on the ScaleSwap platform
The cross-chain tool set ENVELOP completed a million-dollar financing. Waterdrip Capital led the investment, and Moonrock Capital, YBB Foundation, gate.io, ZB.com, Autonomy Capital, AU21 Capital, Lancer Capital, Damo Labs and other institutions participated in the investment.
infrastructure
Payment infrastructure provider XanPool received US$27 million in Series A financing led by Valar Ventures
Payment infrastructure provider XanPool received US$27 million in Series A financing, led by Valar Ventures, CMT Digital and angel investor Taavet Hinrikus (founder of financial technology company Wise) participated in the investment.
NFT infrastructure provider Mojito raised US$20 million in financing, led by Future Perfect Ventures, and Sotheby’s participated in the investment
Mojito, the NFT infrastructure provider that provides technical support for the Sotheby’s Metaverse platform, announced that it has received US$20 million in financing. Future Perfect Ventures led the investment. Participants include Sotheby’s, Connect Ventures, Moore Strategic Ventures, CMT Digital, Sfermion, The company is currently valued at US$100 million.
other
German digital bank N26 completes US$900 million in Series E financing at a valuation of US$9 billion
German digital bank N26 completed a US$900 million E round of financing with a valuation of US$9 billion. Third Point Ventures and Coatue Management led the investment, and Dragoneer Investment Group and existing investors participated in the investment.
Remote recruitment company Deel completes US$425 million in Series D financing, with a post-investment valuation of US$5.5 billion
Deel, a crypto-friendly remote recruitment company, completed a $425 million Series D financing with a post-investment valuation of $5.5 billion. Coatue’s senior managing director and partner Rahul Kishore and general partner Lucas Swisher led the investment. Altimeter Capital, Andreessen Horowitz, Neo, Spark Capital, YC Continuity Fund, Green Bay Ventures, Coinbase’s Emilie Choi, Stripe’s Claire Johnson, Instacart’s Fidji Simo and 37 other angel investors participated in the investment.
Proximity Labs, a research and development institution, creates a $350 million funding DAO that focuses on the NEAR ecosystem
Proximity Labs, a research and development organization focusing on the NEAR ecosystem, announced that it has completed the creation of a $350 million funding organization that will operate as a DAO and will allocate 40 million NEAR tokens in 4 years. The amount of funding for the project will be from $5,000. It ranges from several million dollars and is open to all DeFi projects.
Galaxy Interactive, a subsidiary of Galaxy Digital, has raised US$325 million in investment funds to invest in crypto-related projects
Galaxy Interactive, the venture capital arm of Galaxy Digital, founded by billionaire and cryptocurrency investor Mike Novogratz, has raised US$325 million in investment funds to invest in crypto projects at the intersection of finance and technology. More than 70 new LPs (Limited Partners) participated in this fundraising, including institutional investors, endowment funds, strategic investors and family offices.
Variant Fund and Atelier Ventures founded by a16z’s former partner merged and launched the first phase of the US$110 million fund investment ownership economy
Variant Fund, founded by Jesse Walden, former partner of Andreessen Horowitz (a16z), announced a merger with Atelier Ventures and jointly launched a $110 million first fund to invest in the ownership economy, such as consumer platforms, games, infrastructure, and DeFi.
Patron, a venture capital firm founded by former executives of Riot Games, launched a $90 million fund, focusing on investing in games and Web3
Patron, an early-stage venture capital firm established by former executives Jason Yeh and Brian Cho of Riot Games, an online game developer and publisher, announced the launch of a $90 million fund that will be used to invest in games and Web3. The fund’s investors include 6 partners of a16z (Chris Dixon, Arianna Simpson, Marc Andreessen, Andrew Chen, Jeff Jordan, and Jon Lai), consumer finance company Affirm’s senior vice president of product development Chung-ManTam, and co-founder of Animoca Brands Yat Siu, Compound founder Robert Leshner, Dapper Labs CEO Roham Gharegozlou, Discord’s former chief marketing officer Eros Resmini, etc.
Blockchain venture capital fund A&T Capital completes first round of US$70 million fundraising
Blockchain venture capital fund A&T Capital confirmed to Lianwen that it has completed the first round of fundraising of US$70 million in the first phase of the fund. Its limited partners mainly include financial technology groups, entrepreneurs and venture fund partners.
ViaBTC Capital established a special venture capital fund of 50 million US dollars to support the implementation of Web3.0 infrastructure and application projects
ViaBTC Capital, a wholly-owned investment institution of ViaBTC, has established a special venture capital fund of US$50 million. The fund mainly focuses on supporting infrastructure projects such as Web3.0 and Layer2, as well as application projects such as DeFi, NFT and DAO, aiming to achieve the synergy of infrastructure business The effects and concepts are applied to the ground.
Gadze Finance launches a $25 million DeFi fund aimed at verifying a neutral investment strategy in the crypto sector
Fintech startup Gadze Finance has launched a $25 million DeFi fund. The fund is a pilot fund designed to verify a neutral investment strategy in the crypto field. Gadze Finance plans to expand the fund to $100 million in the next six months.
Meta4 Fund launched a fund focused on investing in NFTs and was led by a16z
Meta4 Fund Management, an investment management institution focusing on cryptocurrencies, announced its withdrawal from the NFT-focused fund Meta4 NFT Fund I, which will be used to purchase the NFT asset subject. The fund received a16z lead investment, but did not disclose specific fundraising information.
