Last week, there were a total of 29 public financing events in the cryptocurrency market, with significant increases in financing rounds and total amounts | Investment and Financing Weekly Report

整理：Cookies, RootData

According to incomplete statistics from RootData, during the period from October 23 to October 29, 2023, there were a total of 29 public financing events in the blockchain and cryptocurrency industry, with a cumulative financing amount of approximately 16.13 million USD, showing a significant increase in both the number of financing rounds and total amounts.

From the perspective of sector distribution, the projects that received financing are mainly distributed in infrastructure, CeFi, DeFi, etc., with popular projects including:

• Infrastructure: EVM solution smlXL, ZK development company Virtual Labs, crypto payment gateway Triple-A, anonymous account protocol Nocturne Labs
• CeFi: Hybrid crypto trading platform Cube.Exchange, trading platform Atani, secondary market platform STIX, Bitcoin mining company Crusoe Energy,
• DeFi: LaunchPad platform TonUP, mortgage platform PADS Financial, application chain Noble, crypto derivatives platform PRINT3R, DAO fund management protocol Aera
• Gaming: Metaverse game HYTOPIA, game studio Neon Machine (Web3 shooting game Shrapnel), Web3 game studio Moonveil Entertainment
• Others: Web3 security company Blockaid, content monetization protocol Access Protocol, Web3 healthcare information platform Rymedi

*（List of projects that raised more than 5 million USD last week, data source: * Rootdata）

I. Infrastructure

1. Crypto startup smlXL completes 13.4 million USD financing, led by a16z
Crypto startup smlXL has completed 13.4 million USD in financing, led by a16z, with participation from Silicon Valley venture capital firm Greylock and angel investors. Its mission is to make blockchain more transparent, useful, and user-friendly.

It has allocated resources to build a team of 16 and develop products. This includes evm.codes, which helps people find EVM opcodes or understand the Ethereum Virtual Machine; and evm.storage, which allows users to deeply inspect the storage status of any contract on the Ethereum or Avalanche blockchain. Between these two products, the company has already gained approximately 15,000 monthly active users.

Although evm.codes and evm.storage are currently free, founder Dor Levi stated that the next step may involve launching a professional version of evm.storage that includes gated components or unlimited transaction simulations. (Source link)

2. ZK development company Virtual Labs completes 1.2 million USD Pre-Seed round financing, led by OP Crypto
ZK development startup Virtual Labs announced the completion of 1.2 million USD in Pre-Seed financing, led by OP Crypto, with participation from Byzantine Marine, Koyamaki Ventures, NEAR Foundation, and several individual angel investors.

Virtual Labs' main research focus is on zero-knowledge (ZK) state channels, aiming to enhance the Web3 user experience by eliminating gas fees and cumbersome wallet interactions using zero-knowledge technology. (Source link)

3. Crypto payment gateway Triple-A completes 10 million USD Series A financing, led by Peak XV Partners
Singapore-based crypto payment gateway Triple-A has completed 10 million USD in Series A financing. Peak XV Partners and Shorooq Partners led the round. Triple-A will use the new funds to further develop its product suite.

Triple-A was founded in 2018 by fintech entrepreneur Eric Barbier, providing stablecoin and blockchain-based payments, supporting major tokens including USDT, USDC, Bitcoin, and Ethereum. Triple-A obtained a payment institution license from the Monetary Authority of Singapore in 2021.

According to crypto data platform RootData, Triple-A had previously completed a 2.88 million USD financing round led by zVentures in June 2022. (Source link)

4. Ethereum ecosystem anonymous account protocol Nocturne Labs completes 6 million USD seed round financing, led by Bain Capital Crypto and Polychain Capital
Crypto startup Ethereum ecosystem anonymous account protocol Nocturne Labs has completed 6 million USD in seed round financing, led by Bain Capital Crypto and Polychain Capital, with participation from Ethereum co-founder Vitalik Buterin, Bankless Ventures, Hack VC, Robot Ventures, and others.

It is reported that Nocturne was established in the U.S. last year and is building a protocol aimed at allowing users to conduct anonymous transactions within the Ethereum ecosystem, expected to launch on the Ethereum mainnet next month. (Source link)

II. CeFi

1. Bitcoin mining company Crusoe Energy has secured a 200 million USD financing commitment from Upper90, to be used for purchasing NVIDIA H100 GPUs
Bitcoin mining company Crusoe Energy announced that it has secured a 200 million USD asset-backed financing commitment from investment firm Upper90, with the funds specifically earmarked for further purchasing GPUs (NVIDIA H100 Tensor Core GPUs) to expand its cloud business. Upper90 is responsible for providing all the funds for this debt financing, and the additional GPU capacity is expected to be available to customers in the first quarter of 2024. It is also reported that Upper90 is a hybrid credit fund company that provides financing solutions for startup tech companies.

According to crypto data platform RootData, Bitcoin mining company Crusoe Energy has raised over 630 million USD in total investments. (Source link)

2. Hybrid crypto trading platform Cube.Exchange announces completion of 9 million USD seed round financing
Hybrid trading platform Cube.Exchange, which integrates traditional finance and blockchain technology, has completed 9 million USD in seed round financing, with investors including Asymmetry Technologies, Susquehanna Private Equity Investments, LLLP, Everstake, Foundation Capital, Big Brain Holdings, Third Kind Venture Capital, Arche Fund, WW Ventures, and members of the Cube.Exchange management team.

It is reported that Cube.Exchange will first launch as a spot exchange and then expand to other products next year. (Source link)

3. Crypto fintech startup Atani completes 6 million USD financing, led by Cometa
According to BlockchainReporter, crypto fintech startup Atani has completed 6 million USD in financing, led by Cometa, with participation from JME Ventures, Conexo Ventures, CDTI, and others, including SoftBank's fintech and cryptocurrency head for Europe, the Middle East, and Africa, Neil Cunha-Gomes.

Atani was founded in 2019 and has obtained authorization from the Bank of Spain as a virtual asset service provider (VASP), mainly providing cryptocurrency trading routing and price comparison services to help users obtain the best trading prices, offering an integrated cryptocurrency trading platform for global users. Additionally, the company provides portfolio management tools, cross-exchange and wallet account monitoring, price alerts, and automated reporting services. (Source link)

4. OTC secondary market platform STIX completes 2.7 million USD financing, led by Psalion VC
OTC secondary market platform STIX has completed 2.7 million USD in financing, led by Psalion VC, with participation from Big Brain Holdings, Eterna Capital, Fisher8 Capital, Humla Ventures, oxkb, and TLF Ventures.

According to crypto data platform RootData, STIX is building a leading OTC trading platform for the digital asset secondary market. Their mission is to provide a seamless and compliant trading experience for institutional clients and ultra-high-net-worth individuals. The platform will focus on facilitating OTC trading of illiquid tokens and assisting in direct equity sales of industry-leading crypto unicorns. (Source link)

III. DeFi

1. TON ecosystem LaunchPad project TonUP completes seed round financing, led by TONCoin Fund
The Open Network (TON) ecosystem LaunchPad project TonUP has completed seed round financing, led by TONCoin Fund, with participation from Foresight X, Waterdrop Capital, BitFund DAO, and some angel investors. The specific amount has not been disclosed, and the funds will be used to accelerate platform feature development and marketing.

TonUP aims to help TON ecosystem projects better launch and grow, having previously received grants and other support from the TON Foundation. (Source link)

2. Blockchain mortgage platform PADS Financial completes 2.19 million USD Pre-Seed round financing
Montreal-based blockchain online mortgage platform PADS Financial announced the completion of 3 million CAD (approximately 2.19 million USD) in Pre-Seed round financing, with specific investor information not disclosed. PADS Financial has digitized property mortgage services and uses blockchain technology to track application and approval statuses, as well as loan fund management, and can use tokenization to help users sell or liquidate mortgages. It is reported that the new financing will be used to build AI and blockchain products. (Source link)

3. Cosmos ecosystem application chain Noble completes 3 million USD seed round financing, led by Polychain
Cosmos ecosystem application chain Noble announced the completion of 3 million USD in seed round financing, led by Polychain Capital, with participation from Circle Ventures, Borderless Capital, Wintermute Ventures, Hustle Fund, CMCC Global, and Interop. Noble is collaborating with Circle to bring native USDC to the Cosmos and the Cosmos inter-blockchain communication protocol IBC ecosystem. (Source link)

4. Crypto derivatives platform PRINT3R completes 500,000 USD Pre-Seed round financing, led by MH Ventures
Crypto derivatives platform PRINT3R announced the completion of 500,000 USD in Pre-Seed round financing, led by MH Ventures, with participation from 300DAO, OnChain Wizard, Primapes, Homeless DAO, and 2Shares.

It is reported that PRINT3R is built on the Base blockchain, mainly providing gamified decentralized derivatives trading and DEX services. (Source link)

5. DAO fund management protocol Aera completes 8 million USD financing, led by Bain Capital Crypto
DeFi risk management firm Gauntlet's founder Tarun Chitra's new company Aera announced the completion of 8 million USD in financing, led by Bain Capital Crypto, with participation from Jump Trading.

It is reported that Aera is an autonomous, data-driven fund management protocol designed to help decentralized autonomous organizations (DAOs) manage their finances. Chitra stated that Aera aims to enable DAOs to respond quickly to market changes while not sacrificing the principles of decentralization, providing them with crowdsourced portfolio management advice. (Source link)

6. Uniswap DAO to invest 12 million USD in UNI to acquire 20% stake in Ekubo's future governance tokens

According to the SnapShot page, the Uniswap community has voted to approve the "Invest in Ekubo Protocol" temperature check proposal, with a support rate of 63.82%. Uniswap DAO will invest 12 million USD in UNI in exchange for a 20% stake in the future governance tokens of Ekubo Protocol. It is reported that Ekubo Protocol is an AMM on Starknet, whose founder Moody Salem joined Uniswap as the fifth employee in April 2020 and served as a software development engineer.

IV. Tools

1. Crypto trading execution tool provider Anboto Labs completes 3 million USD financing, with participation from Kronos Ventures
Crypto trading execution tool provider Anboto Labs completed 3 million USD in financing in the third quarter of this year, with participation from Kronos Ventures, Cherry Crypto, Mechanism Capital, XBTO, and Matrixport.

Anboto co-founder Guillaume Forcade stated that this new financing builds on the 1.9 million USD raised last year, bringing its valuation to 35 million USD.

It is reported that Anboto provides cryptocurrency traders with a unified smart execution platform that can trade across exchanges, networks, and applications. Anboto offers a set of algorithmic trading tools, including time-weighted average price (TWAP), volume-weighted average price (VWAP), and Iceberg. (Source link)

V. Gaming

1. Metaverse game HYTOPIA announces completion of 3 million USD financing, led by Delphi Ventures
Metaverse platform HYTOPIA (formerly NFT Worlds) announced the completion of 3 million USD in financing, led by Delphi Ventures, with several VCs and angel investors participating.

According to crypto data platform RootData, HYTOPIA is an independent video game built on cryptocurrency, integrating social features and providing developers with a Minecraft-inspired game creation toolkit. (Source link)

2. Game development studio Neon Machine completes 20 million USD financing, led by Polychain
Game development studio Neon Machine has completed 20 million USD in Series A financing, led by Polychain, with participation from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures.

It is reported that the funds from this round of financing will be used to further develop their shooting game "Shrapnel" at a "critical moment," as the game team prepares to release an early access version in December, followed by a full release sometime in 2024. The Shrapnel team currently has 70 employees. (Source link)

3. Web3 game studio Moonveil Entertainment completes 5.4 million USD seed round financing, led by Gumi Cryptos Capital and Arcane Group
Web3 game studio Moonveil Entertainment announced the completion of 5.4 million USD in seed round financing, led by Gumi Cryptos Capital and Arcane Group, with participation from LongHash Ventures, IOBC, IOSG, and Infinity Venture Crypto.

It is reported that Moonveil Entertainment's first game, Astrark: STAGE ONE, is an immersive tower defense mobile game centered around PvP and PvE battles as well as multiplayer cooperative experiences. The second game is a multiplayer strategy game. (Source link)

VI. Others

1. Web3 security company Blockaid announces completion of 33 million USD financing
Web3 security startup Blockaid, co-founded by two former Israeli military cyber intelligence personnel, has secured 33 million USD in financing, which was divided into two rounds—6 million USD in seed round financing and 27 million USD in Series A financing. Seed round investors include Sequoia Capital, Greylock Partners, and Cyberstarts. The three investors, along with co-leading investors Ribbit Capital and Variant, also participated in the Series A financing. (Source link)

2. Web3 healthcare information platform Rymedi completes 9 million USD Series A financing

Web3 healthcare information platform Rymedi has completed 9 million USD in Series A financing, co-led by RW3 Ventures and White Star Capital, with participation from Blockchange Ventures, Avalanche's Blizzard Fund, and angel investors. Rymedi simplifies the transmission of medical records and data through blockchain, and this round of financing is planned to enhance data security and the accessibility of medical records.

Rymedi is headquartered in Greenville, South Carolina, and was founded in 2018, serving over 1 million patients across 1,200 locations in the U.S., Africa, and Australia. (Source link)

3. Content monetization protocol Access Protocol completes 1.2 million USD seed round financing, with participation from Sora Ventures
Solana ecosystem content monetization protocol Access Protocol announced the completion of 1.2 million USD in seed round financing, with participation from Sora Ventures, DV Ventures, CMS Holdings, Double Peak Group, and other angel investors. Access Protocol stated that it will focus on developing Access v2, as well as the Scribe and Sketch platforms. (Source link)

4. The parent company of citizen community platform Baseflow completes 2.5 million USD financing, with participation from Balaji
The parent company of citizen community platform Baseflow, The Network State Company, announced the completion of 2.5 million USD in financing, with investors including Balaji Srinivasan (former CTO of Coinbase), Tim Draper, Aragon DAO, Sandeep Nailwal (co-founder of Polygon Labs), Roneil Rumburg (co-founder of Audius), Andrea Dusi, Max Merenti, and Enzo Coglitore (product manager and partner at Alchemy Ventures).

It is reported that Baseflow is headquartered in Switzerland and aims to help humanity become sovereign individuals, pursuing sovereignty, governance, and the maximization of personal freedom. (Source link)