Last week, there were a total of 15 public financing events in the cryptocurrency market, with the number of financing deals and total amount declining for five consecutive weeks | Investment and Financing Weekly Report

Organizer: Biscuit, ChainCatcher

According to incomplete statistics from RootData, during the period from June 12 to June 18, 2023, there were a total of 15 public financing events in the blockchain and cryptocurrency industry, with a total financing amount of approximately $76.7 million. The number of financing events and the total amount have shown a downward trend for five consecutive weeks.

From the distribution of sectors, infrastructure was the hot sector last week, with a total of 4 infrastructure projects raising a cumulative $14.9 million.

In terms of financing rounds and scale, early-stage projects accounted for the largest share, with a total of 8 seed round financings. The most impactful financing was the cross-chain communication protocol Connext, which completed a strategic financing of $7.5 million at a valuation of $250 million, and the Spanish cryptocurrency exchange Bit2Me, which completed a $15 million financing.

*(List of projects that completed financing last week, data source: * Rootdata）

1. CeFi

1. Cryptocurrency exchange Bit2Me raises $15 million, led by Investcorp

According to CoinDesk, the Spanish cryptocurrency exchange Bit2Me raised $15 million in a round led by Investcorp, with participation from the investment arm of Spain's largest telecommunications company Telefónica Ventures, Stratminds VC, Cardano, and the YGG fund. The funds will be used to enhance its position in Spain and accelerate its expansion in Latin America. (Source link)

2. Infrastructure

1. Payment solution Poko completes $4.5 million seed round financing, with participation from Y Combinator

Payment solution Poko announced the completion of a $4.5 million seed round financing, with participation from Y Combinator, Goodwater Capital, and Global Founders Capital. Poko plans to provide frictionless payments for wallet and wallet-as-a-service providers. (Source link)

2. Web3 payment solution BoomFi completes $3.8 million seed round financing, led by White Star Capital

Web3 payment solution BoomFi completed $3.8 million in seed round financing, led by White Star Capital, with participation from Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, Aquanow, and others.

It is reported that BoomFi is an all-in-one solution for crypto payments. From payment links to subscriptions, checkouts, and invoicing, it supports users in receiving payments as they wish. Additionally, BoomFi offers advanced features such as multi-party settlement, free trials, discounts, and token gating. BoomFi will utilize LayerZero 's cross-chain asset transfer protocol Stargate Protocol, with liquidity provided by Aquanow. (Source link)

3. Decentralized identity platform Intuition raises $4 million in seed round financing, led by Superscrypt

Decentralized identity platform Intuition announced it has raised $4 million in seed round financing, led by Superscrypt, with participation from Shima Capital, Avon Ventures, WW Ventures, Matrixport Ventures, Polygon Ventures, and ConsenSys, along with several other VCs, DAOs, and angel investors.

Intuition plans to publicly release its protocol and first applications later this year. Intuition provides decentralized infrastructure, developer tools, and applications to support the creation of open and flexible knowledge graphs, thereby improving the quality and availability of social knowledge. Last November, Intuition's fundraising was co-led by DARMA Capital founder Andrew Keys and Ethereum co-founder and ConsenSys founder Joseph Lubin. (Source link)

4. Solana ecosystem development platform Ironforge completes $2.6 million Pre-Seed round financing, led by Reciprocal Ventures

Solana ecosystem development platform Ironforge announced the completion of $2.6 million in Pre-Seed round financing, led by Reciprocal Ventures, with participation from Hash3, 6th Man Ventures, Alchemy, Monoceros Ventures, and Portage Ventures.

It is reported that Ironforge aims to improve the developer experience and simplify the integration of the Solana blockchain with existing systems, and has released its beta version today. (Source link)

3. DeFi

1. Interoperability protocol Connext Labs raises $7.5 million at a $250 million valuation, with participation from Polychain Capital, Polygon Ventures, and others

Interoperability protocol Connext Labs completed a $7.5 million financing at a valuation of $250 million, with participation from Polychain Capital, Polygon Ventures, Coinbase Ventures, Ethereal Ventures, 1kx, Hashed, and Scalar Capital. The new funds will be used to establish the Connext Foundation, which will be responsible for issuing development grants and funding for the Connext program.

Connext is "building the HTTP of Web3" to create a communication layer across different blockchain networks. According to the crypto data platform RootData, Connext completed a $12 million Series A financing in July 2021. (Source link)

4. NFT, Games

1. Web3 short video platform Cheelee raises $10 million, with participation from VC SILA

Web3 short video platform Cheelee has completed a $10 million financing, with participation from VC SILA (in the form of a future token agreement SAFT). The new funds will be used to accelerate the development and marketing of its vertical video social network application. Cheelee aims to drive Web3 and cryptocurrency adoption through the gaming community, allowing users to earn token incentives by watching and generating game video content through its "NFT glasses."

According to the crypto data platform RootData, Cheelee is a short video platform with a Watch to Earn mechanism, meaning it pays all users who watch content. Its mission is to enable all users to earn money on social networks.

ChainCatcher previously reported that the Web3 video social platform Cheelee completed an $8 million equity financing, with participation from US investment fund Veligera Capital, UAE's Infinity Technology Fund, and VC SILA. The company also received $1.3 million in VC fund grants. (Source link)

2. Divination-themed NFT social game Sparkle completes Pre-Seed round financing, led by Folius Ventures

Divination-themed NFT social game Sparkle announced the completion of Pre-Seed round financing, led by Folius Ventures, with the specific financing amount not disclosed.

According to the crypto data platform RootData, Sparkle is an astrology lifestyle application that offers personalized Soulbound Token (SBT) characters with tradable NFTs, astrology-themed PVP games, and social features. (Source link)

3. Web3 fantasy sports platform GameOn raises $1.7 million, led by Lightning Capital and Flow

Web3 fantasy sports platform GameOn announced the completion of $1.7 million in financing, led by Lightning Capital and Flow, the blockchain platform launched by Dapper Labs. Lightning Capital invested approximately $1.2 million through convertible notes, while Flow provided the remaining funding through its ecosystem fund, the Flow Ecosystem Fund.

GameOn has partnered with global sports, media, and entertainment IPs, including NBCUniversal, Bravo, Karate Combat, WNBA, DICK'S Sporting Goods, and Gaming Society. The new funds will be used to accelerate the development of its PLAYN3XT platform and expand partnerships with other IPs. (Source link)

4. Web3 collectibles platform Collectibles.com raises $5 million in seed round financing, led by Blockchange Ventures

Web3 collectibles platform Collectibles.com announced the completion of $5 million in seed round financing, led by Blockchange Ventures, with participation from GFR Fund, Peter Thiel, Blockwall Capital, and others. It is reported that Collectibles.com is building a Web3 collector community and marketplace based on the Collectibles Protocol. (Source link)

5. Others

1. Cryptocurrency tax company TaxNodes raises $1.6 million, with participation from ZebPay CEO Rahul Pagidipati and others

According to Financial IT, cryptocurrency tax company TaxNodes completed $1.6 million in seed round financing, with participation from ZebPay CEO Rahul Pagidipati, Shardeum CEO Nischal Shetty, CoinSwitch and Ajeet co-founders and CEOs Ashish Singhal, and Reflexical founder Khurana, among others.

According to the crypto data platform RootData, TaxNodes is a crypto accounting and tax firm aimed at addressing the growing compliance and internal control issues in the crypto ecosystem. TaxNodes is building a global product for retail cryptocurrency investors and traders, enabling them to establish profitability from crypto assets held across multiple exchanges and accurately estimate their tax obligations. (Source link)

2. AI-Web3 data platform Mnemonic raises $6 million in seed round financing, led by Salesforce Ventures

Web3 data platform Mnemonic completed $6 million in seed round financing, led by Salesforce Ventures, with participation from Polygon Ventures, Orange DAO, FIN Capital, and FJ Labs.

Mnemonic is a provider of AI-supported NFT data and analytics for enterprises and Web3 developers, and Salesforce will use this technology in its CRM products related to Web3. (CoinDesk)