A total of 20 investments and financings were made in the crypto market this week, and tool applications and DeFi accounted for 60%.
According to the chain news statistics, from April 17 to April 23, a total of 20 investment and financing transactions occurred in the crypto market, and the total amount of investment and financing has been disclosed to be US$20637 million, a decrease from the previous three weeks.
A total of 100 million-level financing events occurred this week, which occurred in the tool application field. Digital Asset, the company behind the smart contract language DAML, completed a $120 million Series D financing.
This week, major investment institutions focused their targets on blockchain application projects. The tool application field has sprung up. A total of seven projects have been disclosed. The amount of investment and financing disclosed was US$159.77 million, accounting for nearly 70% of the total amount of investment and financing disclosed this week. In addition, DeFi remains hot, with a total of 5 investment and financing involving multiple sub-tracks. In contrast, the popularity of the NFT field has dropped significantly.
In terms of institutions, NGC Ventures has been active for four consecutive weeks and participated in three projects this week, involving DeFi, DAO, and tool applications. OKEx Blockdream Ventures and 7 O’Clock Capital were newly added this week.
Tool application
Digital Asset, the company behind the smart contract language DAML, completes $120 million in Series D financing
Digital Asset, the company behind the open source smart contract language DAML, announced that it has completed a series D financing of more than 120 million U.S. dollars. Investors include 7RIDGE and Eldridge.
Zero-knowledge privacy application platform Aleo completes $28 million in financing, led by a16z
Aleo, a privacy application platform based on zero-knowledge proof technology, announced the completion of US$28 million in financing, led by a16z. Other investors are Placeholder VC, Galaxy Digital, Variant Fund, Coinbase Ventures, Polychain Capital, Slow Ventures, Dekrypt Capital, Scalar Capital, a_capital, zkValidator, Balaji Srinivasan and Ethereal Ventures (a new venture capital fund established by Joseph Lubin).
EpiK Protocol completes a US$5 million institutional round of financing
EpiK Protocol, a decentralized knowledge graph and data collaboration network, announced the completion of a US$5 million institutional round of financing. Participating institutions include: GSR Matrix Fund (Jinshajiang Digital Fund), ChainUP Capital, Spring Fund (1475), Consensus Lab , Arcanum Capital, K24 Ventures, RedBlock, CatcherVC and 7 O’Clock Capital.
Several people in the encryption field including Anthony Pompliano participated in the subscription social platform Locals
Locals.com, a subscription-based community platform, announced that it has received $3.8 million in seed round financing. This round of investment is led by the venture capital fund Craft Ventures. Participants include several people in the cryptocurrency field, namely the co-founders of Morgan Creek Digital. Anthony Pompliano, former Coinbase CTO Balaji S. Srinivasan, “The Little Bitcoin Book” co-author Alexander Lloyd, and AngelList founder Naval Ravikant also participated in the investment.
Fantasy sports platform TradeStars completes USD 1.67 million strategic financing
TradeStars, a fantasy sports platform based on Ethereum, announced the completion of a strategic financing of US$1.67 million. Leading investors include AU21 Capital, Block Dream Fund and LD Capital. Participants include Sfermion, Taureon, Spark Digital Capital, Morningstar Ventures, Free Company, Faculty Capital , Hype Partners, NGC Ventures, Krypital Group, etc.
Serverless application deployment platform ArGo completes $1.3 million seed round financing
ArGo, a blockchain-based serverless application deployment platform, announced that it has completed a $1.3 million seed round of financing with a valuation of $12.5 million, led by Ascensive Assets. Participants include Alpha chain, Onchain Capital, Moon Whale, Master Ventures, X21 Digital , SevenX and Innovion, as well as Aniket Jindal (Biconomy), Mohak Agarwal (Claystack), Ajit Kumar Tripathi (AAVE), Prateek Jain (BlockOG Capital), Ravinder Kumar (Frontier), Tamar Menteshashvili (Solana Labs) and Siddharth Jain Waiting for angel investors.
DAOSquare completes angel round financing, led by HashKey Capital
Web3.0 incubator DAOSquare completed an angel round of financing. This round is valued at US$40 million, led by HashKey Capital. Investment institutions include: Alameda Research, NGC Ventures, CMS Holdings, SRC Capital, Pluto Digital Assets PLC, Appi Lab, LD Capital, Spark Digital Capital, LongHash Ventures, ArkStream Capital, DFG, Hash Global, Zonff Partners, Crasolum, Double Peak Group Limited (HK), HunFan Labs, MetaCartel Ventures China, Kucoin Labs, HOT Labs, Gate Labs, and MetaCartel and MetaCartel Ventures founder Peter_Pan and other individual investors also participated in this round of investment.
DeFi
Injective Protocol completes USD 10 million token financing, with participation of Mark Cuban and Pantera
According to The Block report, Injective Protocol, a decentralized derivatives trading protocol, announced the completion of $10 million in token financing, with participation from Mark Cuban, Pantera Capital, BlockTower, Hashed Ventures, CMS Holdings, and QCP Capital.
DeFi loan agreement NAOS Finance completes US$5.1 million private placement round of financing
The DeFi lending agreement NAOS Finance announced the completion of the latest round of US$5.1 million in private equity financing. Participating institutions include The Spartan Group, Lemniscap, CMS, Huobi DeFi Labs, HashKey, Maven 11, Genesis Block Ventures, Incuba Alpha, DeFi Alliance, Collider Ventures, OKEx Blockdream Ventures, Morningstar Ventures, Youbi Capital, A&T Capital, GBIC, PrimeBlock Ventures, Primitive Ventures, GenBlock, AU21 Capital, Hash Global, Spark Digital Capital, HOT Labs. In addition, individual investors participating in this round include Quantstamp CEO Ma Huadong and Fosun Group co-founder Liang Xinjun.
DeFi Asset Management Agreement DePlutus completes USD 1 million seed round financing, led by Bixin Ventures
DePlutus (PLUT), a decentralized asset management agreement, completed a $1 million seed round of financing. Bixin Ventures led the investment, and Wall Street Goldman Sachs executives and other angel investors participated in the investment.
Lever.Network, a decentralized leveraged trading platform, completed $600,000 in seed round financing, led by NGC and others
Lever.Network, a decentralized leveraged trading platform, completed a seed round of funding of $600,000. NGC Ventures, ArkStream, LD Capital, AU21 jointly led the investment, and DAOMaker, YBB, DFG and other institutions participated in the investment.
Synthetic asset agreement Duet completes the Pre-Seed round of financing led by the OmniLAB Foundation
The Synthetic Assets Agreement Duet completed the Pre-Seed round of financing led by the OmniLAB Foundation, and the amount of financing was not disclosed.
infrastructure
Polkadot Ecological Project TrustBase Receives USD 2 Million Investment from Gate Labs
The Polkadot ecological project TrustBase announced that it has received a US$2 million investment from Gate Labs.
SubDAO, Polkadot’s DAO infrastructure, receives investment from Hypersphere
The Polkadot DAO infrastructure SubDAO has been invested by Hypersphere Ventures, and the investment amount has not been disclosed yet.
Polkadot ecological distributed trusted computing infrastructure ZeroHybrid Network completes seed round financing
The Polkadot ecological distributed trusted computing infrastructure ZeroHybrid Network announced the completion of the seed round of financing, and the amount of investment was not disclosed. Participating institutions include: BlockSync, CMS Holdings, Exnetwork Capital, JRR Group, Lancer Capital, Vega Ventures, YBB Foundation and Zentech Capital.
NFT
Polkadot ecological NFT trading platform NFTMart completes $1.5 million private placement round of financing
Polkadot ecological NFT trading platform NFTMart announced the completion of a $1.5 million private equity round of financing. Participants include PAKA, OKEx Blockdream Ventures, Signum, LD Capital, Bixin Ventures, Spark Digital Capital, ParticleXYZ, Prometeus Labs, Lancer Capital, BML, Ti Capital (Taihe Capital), PrimeBlock Ventures, Capstone Group, Horizon Capital, DMG Capital, Collinstar Capital, Winning Capital, Kernel, SnapFingers Research, Symbol Capital, Oasis Capital, 7 O’Clock Foundation , Encryption Pavilion, Searchlight Capital, Newave Capital, 499Block, etc.
NFT portfolio management platform NFTBank.ai completed $1.4 million in financing, Hashed and other investments
NFT’s portfolio management platform NFTBank.ai completed a seed round of funding of 1.4 million US dollars. Investment institutions include Hashed, Digital Currency Group, and 1kx.
Hashcoin
Hashcoin 2.0 track project BEST completed a private placement round of financing, DuckDAO and others participated in the investment
The Hashcoin 2.0 track project BEST announced the completion of a private equity round of financing and received new investments from DuckDAO, 4SV (Four Seasons Ventures), Crypto Differ, etc. The specific investment amount has not been disclosed yet.
Trading platform
Indian crypto exchange CoinSwitch Kuber completes US$25 million in Series B financing, Tiger Global is the only investor in this round
According to The Block report, the Indian cryptocurrency exchange CoinSwitch Kuber completed a US$25 million Series B financing. The investor is Tiger Global. The valuation after the financing reached US$525 million.
Asset Management
NYDIG receives strategic investment from financial services company First Foundation
Bitcoin investment and technology solutions provider NYDIG received a strategic investment from financial services company First Foundation.
