The total amount of funds raised in the crypto market this week was approximately US$1.302 billion, a sharp increase from last week. Among them, several billion-dollar financings have been completed in the field of infrastructure.
According to the chain news statistics, from June 5th to June 11th, a total of 23 investment and financing events occurred in the crypto market. Among them, 6 are in the field of capital infrastructure, 4 in the asset management field, 4 in the DeFi field, 3 in the tool application field, 3 in the NFT field, 2 in the mining field, and 1 in the other field. The total amount of investment and financing has been disclosed to be US$1.302 billion.
The number of investment and financing this week has increased compared with last week, and it has been disclosed that the total investment and financing is approximately 2.5 times last week. The highest financing amount and the largest number are in the infrastructure sector, and two financings of more than US$300 million have occurred. The highest single financing this week is the $380 million Series C financing completed by the encrypted hardware wallet Ledger. In addition, the public chain project development team Solana Labs completed a financing of 314 million US dollars, ranking second.
Except for the infrastructure sector, the more active sectors this week were asset management and DeFi, which both completed 4 financings. The amount of financing in the DeFi field is relatively low.
In terms of institutions, this week’s new active institutions Xinyuan Capital, 7 O’Clock Capital, Redline Capital, Blockway Ventures, Hoo labs, Hot Labs, Panda Capital, Win Capital, K24 Ventures, Bitmart, HappyBlock generally focus on asset management, tool applications and Infrastructure and other fields.
SevenX Ventures, True Ventures, CMS Holdings, D1, Genesis Block Ventures, etc. have continued to actively invest this week.
Hedge fund predator Alan Howard was very active this week. He successively participated in the strategic round of financing of the crypto investment platform Kikitrade and the round of financing of the crypto custody company Copper. The two investments totaled 29 million US dollars. Previously, Chain Wen had counted Alan Howard’s investment landscape in the crypto field. For reference, read: ” Alan Howard’s Investment Blueprint from Traditional Finance to Cryptocurrency, a Hedge Fund Predator “
infrastructure
Encrypted hardware wallet Ledger completed $380 million in Series C financing, and 10T Fund, a digital asset fund founded by Dan Tapiero, led the investment
Encrypted hardware wallet Ledger completed a $380 million Series C financing, and its valuation rose to $1.5 billion. This round of financing was led by 10T Fund, a digital asset fund founded by well-known macro investor Dan Tapiero, with participation from Tekne Capital, Uphold Ventures, Felix Capital, Inherent, Financière Agache and iAngels Technologies.
Solana Labs completes US$314 million in financing, led by a16z and Polychain Capital
The public chain project development team Solana Labs completed a US$314 million financing, led by a16z and Polychain Capital, with participation from Alameda Research, CMS Holdings, CoinShares, Jump Trading, Multicoin Capital, and Sino Global Capital.
Jujube Technology completes US$30 million in Series A financing, led by Saudi Aramco’s funds and Kenetic
Beijing Hongzao Technology, one of the initiators of the Blockchain Service Network (BSN), announced the completion of a US$30 million Series A equity financing. This round of financing was led by Saudi Aramco’s Prosperity7 Fund and Hong Kong’s Kenetic Capital. Other participants included Swiss private bank Pictet and Bangkok Bank of Thailand (Bangkok Bank).
Blockchain infrastructure service provider Blockdaemon completes US$28 million in Series A financing, Goldman Sachs participates in the investment
Blockchain infrastructure service provider Blockdaemon completed US$28 million in Series A financing, led by Greenspring Associates, Goldman Sachs, BlockFi, Warburg Serres, Uphold, Voyager Digital Ltd., Illuminate Financial, Hard Yaka, and seed investors Boldstart Ventures, Coinfund , Kenetic, CoinShares, Borderless Capital, Blockchain.com Ventures, Lerer Hippeau and Heavybit participated in the investment.
Smart contract platform Flare completes US$11.3 million in financing, led by Kenetic Capital
Smart contract platform Flare completed $11.3 million in financing. This round of financing was led by Kenetic Capital. Participating institutions include Digital Currency Group, Coinfund, LD Capital, cFund, Wave Financial, Borderless Capital, Backend Capital, Newform Capital, Genesis Capital, ZB Group, MXC, DeFi Capital.
London blockchain startup Circulor completes US$14 million in Series A financing, led by The Westly Group
London-based blockchain startup Circulor completed a US$14 million Series A financing, led by The Westly Group, with participation from Salesforce Ventures, BHP Ventures, Sky Ocean Ventures, Future Positive Capital, and 24Haymarket.
Asset Management
Singapore government investment company GIC will invest HK$543 million in BC Technology Group, becoming the latter’s largest institutional investor
Hong Kong BC Technology Group (BC Group) intends to place a total of 31,952,500 shares at HK$17 per share. The placee is the Singapore Government Investment Corporation (GIC) and the placing agent is Macquarie Capital. After the placement is completed, GIC will hold 7.62% of the shares of BC Technology Group, becoming the institutional investor holding the most shares of BC Technology Group.
Copper B round receives $25 million in additional investment from hedge fund manager Alan Howard
Crypto custody company Copper B round received an additional US$25 million from hedge fund manager Alan Howard. The amount will be used to help traditional financial institutions adopt encryption and distributed ledger technology (DLT). Copper completed a US$50 million Series B investment in mid-May. Dawn Capital and Target Global jointly led the investment. Illuminate Financial Management and existing investors LocalGlobe and MMC Ventures participated in the investment.
Blockchain dollar fund 42DAO was established, and the first nearly 10 million US dollars of funds have been raised
42DAO, a blockchain dollar fund established in the Cayman Islands, was formally established and completed the first fundraising of nearly 10 million US dollars. Currently, the portfolio includes Black Ocean, Dfinity, Pocket Network, PlatON, Dora Factory, etc.
SmartDeFi, a non-custodial investment application, completed $1 million in financing and will be officially launched in the second quarter
San Francisco-based non-custodial investment application SmartDeFi announced the completion of a $1 million Pre-seed round of financing, led by Future Fund, Centrality AI, GenBlock and Arcuate Capital, Polygon co-founders Sandeep Nailwal and Jaynti Kanani, Barnbridge CEO Tyler Ward And Nansen CEO Alex Svanevik and others also made investments.
Tool application
African fintech startup Chipper Cash completes US$100 million Series C financing
Chipper Cash, an African fintech startup, completed a $100 million Series C financing. SVB Capital, the investment arm of the U.S. commercial bank Silicon Valley Bank, led the investment. Deciens Capital, Ribbit Capital, and Bezos Expedition backed by Jeff Bezos participated in the investment.
Open source automated trading software Hummingbot completes USD 8 million in Series A financing, led by Initialized Capital
Open source automated trading software Hummingbot completed USD 8 million in Series A financing, led by Initialized Capital, with participation from Slow Ventures, Arrington XRP Capital, Borderless Capital, DeFiance Capital, Terraform Labs (Luna), AscendEX (BitMax), Ava Labs, NEM Trading, and Altonomy cast. The A round of financing will be used to grow the team and integrate Hummingbot and Humminbot Miner into more exchanges.
Crypto investment platform Kikitrade receives US$4 million strategic investment from British hedge fund investor Alan Howard
Crypto investment platform Kikitrade announced that it has received US$4 million in strategic financing from British hedge fund investor and billionaire Alan Howard, with a total financing amount of US$12 million. Prior to this, Kikitrade completed a $8 million Pre-A round of financing, with Dragonfly Capital, Xinyuan Capital, and Animoca Brands leading the investment.
DeFi
Solana Ecological Lending Agreement Jet Protocol Completes $4.8 Million Seed Round Financing
Solana Eco-Lending Agreement Jet Protocol completed a seed round of USD 4.8 million. Investors include MGNR, Sino Global Capital, CMS Holdings, Alameda Research, ParaFi Capital, Robot Ventures, Defiance Capital, Kenetic Capital, and Stablenode. Individual investors include digital asset management. Meltem Demirors, chief strategy officer of CoinShares, John Fiorelli, founder of consulting firm Myelin, Mason Borda, co-founder and CEO of Tokensoft, Aya Kantorovich, head of strategy and business of FalconX, Jed Breed, partner of Arena Capital, and co-founder and business of Edge & Node Head Tegan Kline.
Decentralized volatility derivatives platform Divergence completes $2.9 million financing
Divergence, a decentralized volatility derivatives platform, completed $2.9 million in seed rounds and private equity rounds. The leading investors are Mechanism Capital and KR1. The remaining investors include Nothing Research, Focus Labs, Arrington XRP Capital, P2P Capital, Orthogonal Trading, Taureon, HashKey Capital, Youbi Capital, DFG, etc. Angel investors include Do Kwon, co-founder of Terra Labs, Diane Dai, co-founder of DODO, Sandeep Nailwal, co-founder of Polygon, and Igor Barinov, head of xDai technical operations.
Mars Ecosystem, a new stablecoin ecosystem, receives US$2 million in financing
The new stablecoin ecosystem Mars Ecosystem received US$2 million in financing. Mars Ecosystem will use this round of financing to expand the global market, introduce talents, and continue to develop in the field of decentralized stablecoins.
KList, a cross-chain agreement, announced the completion of a million-dollar seed round of financing
The cross-chain IDO platform KList announced the completion of a million-dollar seed round of financing. Investors include Advgrowth Fund, VEGA Ventures, Alphacoin Fund, Zonff Partner, 7 O’Clock Capital, Redline Capital, Blockway Ventures, Hoo labs, Hot Labs, Panda Capital, Win Capital, K24 Ventures, Bitmart, HappyBlock.
NFT
Game startup Mythical Games has received US$75 million in Series B financing and will release the first batch of NFT airdrops next week
Blockchain game Mythical Games received US$75 million in Series B financing, led by WestCap. The remaining investors are 01 Advisors, VaynerFund, Galaxy Digital, Javelin Venture Partners, Alumni Ventures, Struck Capital, etc., plus the second round of financing. Mythical Games currently has a total financing of 120 million U.S. dollars. The funds will be used to promote mass adoption of game ownership.
Snickerdoodle Labs, an NFT company focused on data privacy, completes $2.3 million in seed round financing
Snickerdoodle Labs, an NFT startup focusing on data privacy and security, has completed a seed round of $2.3 million, led by Kenetic. Participants include Blockchain Capital, Struck Ventures, Zilliqa Capital, FTX, FTX founder Sam Bankman-Fried, Tribe Capital and Zinal Growth.
Cross-chain NFT agreement DNFT completes one million dollar angel round financing
Cross-chain NFT agreement DNFT announced the completion of a million-dollar angel round of financing. Investors include LD Capital, Candaq Fintech Group, Waterdrip Capital, Mantra DAO, Win Capital, CatcherVC, Zonff Partners, 7 Star Capital, BlockFocus, and 7 O’Clock Capital , InnCube Crypto Capital, ChainUp Capital, Amplio Capital, Worshipper Capital, Nexus Capital, GD Capital, 1PAR and dozens of institutions.
mining
Loan platform Celsius invested more than US$200 million in North American mining companies for Bitcoin mining
Celsius, an encryption lending platform, announced that it has invested more than US$200 million in Bitcoin mining in North American mining companies, including AI and blockchain technology software solutions and mining companies Core Scientific, Texas mining companies Rhodium Enterprises, and computing-based Power software company Luxor Technologies.
Bitcoin mining software company Luxor completes US$5 million in Series A financing
Bitcoin mining software company Luxor Technologies completed a US$5 million Series A financing. This round of financing was led by NYDIG. The remaining investors are Bitnomial, Hodl Capital, Routemaster, Blockware Solutions, Celsius Network, DPO, Navier, Supplybit, etc. The lead investment company NYDIG will also cooperate with Luxor in the computing power product business.
other
Payment company Square invested $25 million in Square Bitcoin Endowment Fund
Payment company Square announced a $1 trillion investment plan supported by ethnic minorities and underserved communities. Among them, 25 million US dollars will be invested in the Square Bitcoin Endowment Fund, and Black Bitcoin Billionaire (an organization designed to allow blacks to enter the cryptocurrency field and provide wealth education) is selected as the first recipient to donate 5 million US dollars.
