Last week, there were a total of 17 public financing events in the cryptocurrency market, with both the number of financing deals and the total amount declining | Investment and Financing Weekly Report

Organizer: Biscuit, ChainCatcher

According to incomplete statistics from ChainCatcher, during the period from May 29 to June 4, 2023, there were a total of 17 public financing events in the blockchain and cryptocurrency industry, with a cumulative financing amount of approximately $157.4 million. The number of financing events and the total amount saw a slight decline compared to the previous two weeks.

From the perspective of track distribution, infrastructure and gaming were the popular tracks last week. There were a total of 5 infrastructure projects, raising a cumulative $82.74 million; and 4 gaming projects, raising approximately $26.1 million.

In terms of financing rounds and scale, early-stage projects accounted for the largest share, with 4 financing rounds belonging to seed funding. The three projects with the largest financing scale were wallet-as-a-service provider Magic ($52 million), privacy protection protocol Anoma Network ($25 million), and cryptocurrency payment gateway Transak ($20 million).

*（List of projects with financing amounts between $10 million and $200 million last week, data source: * Rootdata）

I. CeFi

1. Fiat aggregator Transak completes $20 million Series A financing, led by CE Innovation Capital

Web3 startup, fiat aggregator Transak has completed a $20 million Series A financing, led by CE Innovation Capital, with participation from SBI Ven Capital, Sygnum, Azimut, and Third Kind Venture Capital.

According to the crypto data platform RootData, Transak previously completed a $660,000 seed round financing on March 16, 2021, with participation from IOSG and others. Transak allows users to trade over 160 cryptocurrencies in any application, website, or Web3 plugin, providing flexible SDKs and white-label APIs. (Source link)

II. Infrastructure

1. Wallet-as-a-service provider Magic completes $52 million financing, led by PayPal Ventures

Wallet-as-a-service provider Magic has completed $52 million in financing, led by PayPal Ventures, with participation from Cherubic, Synchrony, KX, Northzone, and Volt Capital. Magic provides secure, instant non-custodial wallet creation. Users can instantly create wallets using existing email, social media, SMS, or single sign-on. Currently, Magic has generated over 20 million wallets, and its SDK is used by over 130,000 developers.

2. zkEVM development platform Kakarot completes Pre-Seed financing, with participation from Vitalik, StarkWare, etc.

zkEVM development platform Kakarot has completed Pre-Seed financing, with participation from StarkWare, LambdaClass, and angel investors Vitalik, Nicolas Bacca, Rand Hindi, among others.

Kakarot zkEVM is an EVM implemented in Cairo, utilizing STARK proofs to verify transactions and blocks, ensuring transparency and security. Kakarot zkEVM's development is divided into three phases: 1. Existing as EVM on Starknet L2; 2. Collaborating with Starknet sequencer Madara to create a Layer 3 zkEVM; 3. Enabling Type 1 zkEVM with the combination of Kakarot and Madara. (Source link)

3. Cryptocurrency infrastructure company Anoma Foundation completes $25 million financing, led by CMCC Global

Cryptocurrency infrastructure company Anoma Foundation has completed $25 million in financing, led by venture capital firm CMCC Global. The new funds will be used for further development of the Anoma architecture, research and development, ecosystem development, and strategic partnerships.

Anoma Foundation currently manages the multi-chain privacy-focused blockchain Namada and the privacy protection protocol Anoma. (Source link)

4. Cryptocurrency wallet developer Demox Labs completes $4.5 million financing, led by HackVC

Cryptocurrency wallet developer Demox Labs has completed $4.5 million in financing, led by HackVC. The funds will be used to support the development of various products for the privacy-focused Aleo blockchain.

Demox Labs is a laboratory focused on privacy protection, aiming to build privacy-preserving ZK infrastructure on the programmable privacy network Aleo, and has launched the privacy-protecting wallet Leo Wallet on the Aleo blockchain. (Source link)

5. London blockchain technology R&D company Quantum Blockchain completes $1.24 million financing through stock placement

London Stock Exchange AIM-listed blockchain technology R&D and investment company Quantum Blockchain (QBT) announced the completion of £1 million (approximately $1.24 million) financing through stock placement (selling about 71 million shares at a price of 1.4 pence per share). The new funds will be used to accelerate the development of its Bitcoin mining machine algorithms and software products, while expanding its North American business.

QBT is a research and investment company listed on the London Stock Exchange AIM, focusing on R&D programs in the blockchain technology field, including cryptocurrency mining and other blockchain applications. (Source link)

III. DeFi

1. LSD stablecoin protocol Prisma Finance completes financing, with participation from Curve founders and others

LSD stablecoin protocol Prisma Finance has completed a round of financing, with the specific amount undisclosed, with participation from Curve Finance founder Michael Egorov, Convex Finance founder C2tP, FRAX Finance, Conic Finance, Tetranode, Llama Airforce, CoinGecko founder, OKX Ventures, DeFiDad, MrBlock, Impossible Finance, 0xMaki, GBV, Agnostic Fund, Swell Network founders, The Block's Eden research director Adam Cochran, Ankr Founders, MCEG, Eric Chen, and others.

Prisma supports the collateralization of various Ethereum liquid staking derivatives (Frax, Lido, Rocket Pool, Binance, and Coinbase) to mint stablecoins. Additionally, Prisma's over-collateralization model supports automatic repayment, allowing the use of Ethereum staking yields to automatically repay debts. (Source link)

2. Nautilus ecosystem DEX project PoseiSwap receives strategic investment from Emurgo Ventures

Nautilus ecosystem DEX project PoseiSwap announced that it has received strategic investment from investment institution Emurgo Ventures, establishing a partnership between the two.

According to data platform RootData, PoseiSwap is a DEX on the Nautilus Chain that has completed two rounds of financing, with investors including Zebec Labs, Gate Labs, Emurgo Ventures, Republic, Cipholio Ventures, and others. (Source link)

IV. Gaming

1. Blockchain game Illuvium raises $10 million from Framework Ventures

The open-world RPG adventure game Illuvium co-founder Kieran announced in its Discord community that it has raised an additional $10 million from Framework Ventures. The funds will accelerate the development of the Illuvium game.

2. Blockchain game publishing platform DeGame completes $6.5 million new round of financing, led by Folius Ventures and others

Blockchain game publishing platform DeGame announced the completion of its second round of financing of $6.5 million, led by Folius Ventures, Kenetic Capital, and A&T Capital, with participation from NGC Ventures, Hack VC, Hashkey Capital, Avalanche, Golden Bull, Y2Z Ventures, Collingstar Capital, Sfermion, Bixin Ventures, Assembly Partners, FBG Capital, Lucid Blue, Ranger Protocol, and others.

Additionally, DeGame launched the Web3 Proof of Contribution (PoC) Platform, which will collaborate with blockchain game project parties to initiate a genesis airdrop event. Individuals, KoLs, guilds, developers, and others who made significant contributions in the early Degame PoC community will receive proof of contribution, and will be eligible for corresponding NFT and Token airdrop incentives in the future.

DeGame was established in June 2021 and completed its first round of financing in 2021, with a cumulative financing amount of $10 million. (Source link)

3. Blockchain game Fusionist completes $6.6 million seed round financing, led by Binance Labs and others

Blockchain game Fusionist has completed $6.6 million in seed round financing, led by Binance Labs and FunPlusGames. This round of financing will be used to continue accelerating the development of the game and to build the Endurance mainnet ecosystem launched in January 2023.

Additionally, Fusionist plans to enhance user growth and recruit top gaming and Web3 professionals to further strengthen its team's capabilities. (Source link)

4. Esports team M80 completes $3 million seed round financing, led by Expert Dojo and others

Esports team M80 has completed $3 million in seed round financing to expand its footprint in esports, content creation, and consumer products, planning to become the first web3-supported gaming and esports organization. Expert Dojo, VT Technology Ventures, and Practical Venture Capital led this round of financing.

M80 was launched in December 2022, and its players in "Rainbow Six Siege," "Rocket League," "Street Fighter," and "Valorant" have achieved success in competitions. Their victories have made M80 one of the fastest-growing esports teams in North America. (Source link)

V. NFT

1. Metaverse content platform MetaZone completes $3 million seed round financing, led by CMT Digital

Metaverse content distribution platform MetaZone announced the completion of $3 million in seed round financing, co-led by two metaverse investment institutions Sfermion and CMT Digital, with participation from Tess Ventures, IOSG Ventures, IVC (Infinity Ventures Crypto), Polygon Studios, MHC Digital, and LucidBlue Ventures.

MetaZone allows creators and developers to mint 3D digital content NFTs and distribute them in the metaverse, with each creator's META assigned an NFT representing its value, ownership, and access rights. These NFTs can be purchased and used to install applications on digital land for the use of landowners and visitors. (Source link)

VI. Web3 + AI

1. Hogwarts Labs completes Pre-A financing, raising a total of $8 million

Focusing on Web3+AI dApps development company Hogwarts Labs announced the completion of Pre-A financing, raising a total of $8 million. The financing was led by HashGlobal, Matrix Partners, XIN Family, and DHVC, with participation from SevenX, Alliance, SKY9, NGC Ventures, EVG, No Limit Holdings, Stratified Capital, Old Fashion Research, North Beta Capital, and Puzzle Ventures.

Hogwarts Labs is dedicated to accelerating mass adoption by continuously developing dApps and Appchain in the Web3 and AI fields. Its first product, QuestN, is a one-stop marketing, growth, and analytics platform serving the Web3 space, with a total user base exceeding 2.5 million and DAU exceeding 80,000. Additionally, Hogwarts Labs announced that its second AI assistant product for Web3 users will be released in Q4. (Source link)

2. AI-generated content engine Orbofi AI announces $2.8 million fundraising through token sale

AI-generated content engine Orbofi AI announced that it has raised $2.6 million through a token sale, with participation from Cogitent Ventures, OIG Capital, CSP DAO, Zephyrus Capital, and Halvings Capital.

It is reported that Orbofi AI will release an API aimed at enabling developers and Web2 and Web3 applications to integrate the Orbofi AI engine into their platforms. (Source link)