Last week, there were a total of 22 public financing events in the cryptocurrency market, raising approximately 85.2 million dollars | Investment and Financing Weekly Report
Web3 artificial intelligence agency Earos has completed a $10 million Pre-Seed funding round, led by Lemon Ltd.; DeFi project DeFi.app has completed a $2 million seed round, led by Mechanism Capital; AI company Sekai, based on Story Protocol, has completed a $3.1 million seed round, led by Hashed.Organizer: Luan Peng, RootData
According to incomplete statistics from RootData, during the period from December 2 to December 8, 2024, there were a total of 22 public financing events in the blockchain and cryptocurrency industry, with a cumulative financing of approximately 85.2 million USD.
From the perspective of track distribution, the projects that received financing are mainly distributed in the infrastructure and DeFi tracks. Popular projects include the blockchain platform Haven1, the decentralized lending protocol Suilend, the Swiss crypto payment platform Brighty, and the digital asset management platform LSP.Finance.
In addition, the Web3 AI agency Earos, headquartered in Singapore, announced the completion of 10 million USD in Pre-Seed financing, led by Lemon Ltd.
*（List of projects with financing greater than 5 million USD last week, data source: * Rootdata）
I. Infrastructure
According to TechiInasia, the blockchain platform Haven1 has completed 4.6 million USD in private placement financing, with participation from Animoca Brands and KuCoin Ventures. The funds will be used to enhance Haven1's blockchain infrastructure, focusing on improving decentralized finance and tokenizing real-world assets.
Additionally, the Web3 asset data platform RootData shows that Haven1 is a purpose-built, EVM-compatible Proof of Authority (PoA) blockchain that provides a secure environment for on-chain financial transactions. Haven1 is built by Yield App.
According to Decrypt, the tech company Binary Holdings, valued at 16.9 billion USD, announced that it has secured a strategic investment of up to 5 million USD from digital asset investment firm ABO Digital. The company currently has 169 million users and has partnered with seven major telecom operators, planning to exceed 1 billion users by December 2025.
Binary Holdings will launch the digital bank Millenia in Q2 2025, focusing on cross-border payments and remittances, using its native token BNRY as the primary transaction currency. The company's Chief Business Officer Siddharth Sahi stated that they are collaborating with seven Layer 1 and Layer 2 blockchain networks.
ABO Digital's investment manager Talal Samy pointed out that Binary Holdings has excelled in promoting the large-scale application of decentralized technology, and its innovative capabilities and global layout align closely with the company's investment philosophy. Currently, Binary Holdings is integrating Web2 infrastructure with Web3 capabilities through a decentralized open network to provide users with digital services such as cross-border payments, gaming, and social networking.
According to Cointelegraph, Bitcoin and ZK infrastructure company Fiamma has completed 4 million USD in seed round financing, led by Lightspeed Faction and L2IV, with participation from Astera Ventures, Contribution Capital, Sats Ventures, Chapter One, and FoundersHead. The investment also includes participation from major strategic investors in the Bitcoin infrastructure space, such as BOB (Build on Bitcoin), as well as various angel investors including the founders of Satlayer and Daedalus. The company plans to use this investment to expand Fiamma's business, accelerate product development, and promote the adoption of its underlying technology.
Fiamma is dedicated to transforming Bitcoin into a dynamic programmable asset. It is unlocking practical use cases for Bitcoin, turning it into a dynamic asset and the foundation for decentralized internet and financial systems. Fiamma's products include the Bitcoin bridge Fiamma Bridge and the Bitcoin ZK verification layer Fiamma Layer powered by BitVM2.
Web3 AI agency Earos completes 10 million USD Pre-Seed financing, led by Lemon Ltd.
The Web3 AI agency Earos, based in Singapore, announced the completion of 10 million USD in Pre-Seed financing, led by Lemon Ltd.
Earos is a platform that leverages digital twin technology to unlock the potential of AI Agents, currently building a decentralized AI ecosystem (Digital Twin Earth) that integrates AI Agent model layers, allowing global nodes to collaborate on AI model training, deployment, and validation. Developers can also create and deploy their own AI agents, and the project is expected to use tokens to reward participants who provide computing power, validate AI agent workstations, and run nodes.
According to official news, the decentralized AI agent project Scrypted announced the completion of 1.5 million USD in Pre-Seed round financing, led by Palm Tree Crew Crypto, with participation from a16z crypto CSX. The new funds will be used to drive its potential in gaming, social platforms, and finance, and to build tools supporting decentralized vertical industries for autonomous AI agents.
At the core of Scrypted is the Inori network, which aims to make AI agents fully autonomous virtual beings (AVB). Thanks to funding from the AWS Startup Program, Inori has begun developing a centralized service and resource coordination layer for AI agents, built on Amazon Web Services.
Crypto AI company GAIB completes 5 million USD Pre-Seed round financing, led by Hack VC
According to The Block, the platform Gaib, which creates financial infrastructure for AI computing, announced the completion of 5 million USD in seed round financing. This round was co-led by Hack VC, Faction, and Hashed, with participation from well-known institutional strategic investors including Spartan, CMCC, L2IV, Animoca Brands, IVC, MH Ventures, Presto, J17, IDG Capital, 280 Capital, Aethir, and Near Foundation, as well as support from multiple angel investors.
GAIB aims to provide more liquidity and accessibility for AI computing by tokenizing GPU assets. GAIB has completed prototype development and will launch a pilot project this month, with plans to release its Alpha product and platform token within the next two months. The platform will support multiple blockchains, including Ethereum, Base, and BNB Chain. GAIB, headquartered in Singapore, currently has 19 employees and plans to further expand its team to drive research and development and market promotion.
The cross-chain settlement layer Union announced the completion of 12 million USD in Series A financing, led by Gumi Cryptos Capital and Longhash Ventures, with participation from Borderless Capital and Blockchange, as well as blockchain founders from Polygon, Movement, and Berachain. The total funds raised reached 16 million USD.
The financing will be used for core team expansion, partner integration, and ecosystem development.
According to RootData, Union is an efficient interoperability protocol that connects all blockchains and Rollups in any ecosystem. It is based on consensus verification and does not rely on trusted third parties, oracles, multi-signatures, or MPC.
II. DeFi
Lending protocol Suilend completes 4 million USD financing, led by Robot Ventures
According to CoinDesk, the decentralized lending protocol Suilend announced the completion of 4 million USD in financing, led by Robot Ventures, with participation from several venture capital firms and angel investors. Previously, the project raised 2 million USD in February this year. Suilend's founder Rooter stated that this financing will help the team maintain operations during a potential long-term bear market and ensure ample funding for the next four years.
Suilend is the second-largest DeFi protocol on the Sui chain, with a total locked value (TVL) of nearly 470 million USD, and it is also the largest lending protocol on the chain. In the past 30 days, its revenue has approached 820,000 USD. Additionally, Suilend plans to launch its new token SAVE in the coming days while continuing to expand its core product suite, including the recently launched liquid staking token project and the upcoming automated market maker (AMM).
Decentralized protocol Prosper completes strategic round financing, with participation from Metalpha
The decentralized protocol Prosper announced the completion of strategic round financing, with participation from Metalpha, Waterdrip Capital, BIT Mining, and Satoshi Protocol, with specific amounts not disclosed.
Prosper aims to tokenize institutional-grade Bitcoin hash rates to unlock the potential of Bitcoin as full-chain RWA.
DeFi project DeFi.app completes 2 million USD seed round financing, led by Mechanism Capital
According to The Block, the DeFi project DeFi.app has completed 2 million USD in seed round financing, with a valuation of 100 million USD. This round was led by Mechanism Capital, with participation from Selini Capital, North Rock Digital, and about 50 angel investors. The financing was completed through a Simple Agreement for Future Tokens (SAFT) structure, reflecting the fully diluted valuation of DeFi.app's yet-to-be-launched native token HOME.
DeFi.app aims to be the Robinhood of the DeFi space, dedicated to simplifying decentralized financial transactions while maintaining self-custody of assets. Users can perform one-click cross-chain transactions, access decentralized derivatives markets and yield opportunities, and avoid gas fees without bridging or KYC verification.
Founder Greer revealed that the platform's public beta will launch this month, with the mainnet and HOME token expected to be released in the first half of next year. Additionally, DeFi.app plans to conduct a token airdrop and expand its team.
SuperFi Labs completes 2.5 million USD Pre-A round financing, led by Linklogis
The crypto asset innovation lab SuperFi Labs announced the completion of 2.5 million USD in financing. This round was led by supply chain fintech company Linklogis, with participation from well-known institutions and practitioners such as SNZ, Taiko, and ByteTrade. Previously, Generative Ventures completed angel round investments as an early investor.
SuperFi Labs is dedicated to integrating mainstream financial assets with crypto settlement systems and creating more efficient and transparent diversified allocation methods for global qualified investors. On the asset side, SuperFi will aggregate high-quality on-chain and off-chain assets to provide stable income sources for asset managers while retaining tokenized yield opportunities and improving asset liquidity during this digitization process. On the funding side, SuperFi Labs aims to significantly lower the participation threshold for holders of different on-chain cryptocurrencies by building DeFi protocols. Currently, its first lending protocol products AgentFi and Sake have been launched on multiple blockchain networks, and it will explore more possibilities.
A relevant person from Linklogis stated, "Linklogis focuses on the application of advanced technologies such as AI, blockchain, cloud computing, and big data in the field of supply chain finance, with an annual cumulative asset processing scale exceeding 40 billion USD. We look forward to SuperFi Labs' innovative attempts to connect mainstream finance with the crypto world, creating a new paradigm of real yield by bringing high-quality supply chain financial assets into the crypto world."
SuperFi Labs' CEO stated, "We are very grateful for the trust and support of our investors. SuperFi Labs will continue to deepen the circulation of mainstream financial asset yields in the new financial system of blockchain, reducing industry friction through technological innovation and providing stable and reliable income sources for cryptocurrency holders."
This round of financing will be used for product development, market expansion, and team building, promoting the launch of asset-side RWA products and funding-side DeFi products, further improving SuperFi Labs' product matrix and enhancing user experience.
According to official news, the decentralized ecological protocol BLIFE Protocol based on Bitcoin announced the completion of 7 million USD in financing. Investors include UTXO Management, BTC Frontier Fund, New Tribe Capital, Cypher Capital, DigiConsensus, PG Group, OIG Group, and Animoca Brands. Individual investors include Dingaling, Ysiu, Domodata, FarmerJoe, and Kuno. BLIFE Protocol stated that it will focus on building a cultural community platform within the Bitcoin ecosystem.
According to The Block, the digital asset management platform LSP.Finance has completed 1 million USD in Pre-Seed round financing, with a valuation of 33 million USD. This round was led by Cryptogram Venture (CGV), WAGMi Ventures, K24 Ventures, CatcherVC, XLink Labs, and LandScape Capital.
LSP.Finance is a user-centric digital asset management platform that aims to change DeFi by unlocking liquidity from PoS networks, early Alphas, and high-yield projects. The platform prioritizes accessibility and innovation, providing an integrated solution for high liquidity and seamless blockchain interaction.
III. CeFi
According to techfundingnews, the Swiss crypto payment platform Brighty has completed 10 million USD in financing led by Futurecraft Ventures. The platform was co-founded in 2021 by Nick Denisenko, former Chief Backend Engineer at Revolut, and Roger Buerli, aiming to provide users with a seamless crypto payment experience.
Brighty has launched a custodial wallet service supporting Ethereum, Tron, Polygon, and Arbitrum, and offers features such as European IBAN accounts and physical and digital VISA cards. The platform provides up to 5% annual yield on stablecoin card balances through DeFi technology. Notably, the platform recently launched AI-driven crypto investment features, offering users data-driven investment strategies across multiple sectors, including Momentum, Industrial, Nasdaq, and S&P 500.
The company plans to use this round of financing to expand into the European and UK markets, focusing on serving digital nomads and cryptocurrency earners. CEO Roger Buerli stated that the demand for crypto payments in Europe and the UK continues to grow, especially in scenarios such as business transactions, financing, and salary payments.
IV. Others
According to The Block, generative AI storytelling startup Sekai announced the completion of 3.1 million USD in seed round financing, led by Hashed.
Sekai aims to use Story Protocol to turn storytelling into a "multiplayer experience," allowing aspiring storytellers to collaborate with others on its platform with the help of generative AI. At the same time, Sekai hopes to provide creators with the ability to protect their intellectual property and profit from their creations.
The decentralized AI analysis platform OpenPad AI, which provides data-driven investment strategies, announced the completion of 2 million USD in financing, led by Basics Capital, with participation from Protein Capital, Spicy Capital, Green Arrow Adventures, VivaTech Ventures, Brinc, Boba Network, Avalon Wealth Club, Coin Bold, and TechFarm.
OpenPad AI combines blockchain technology with artificial intelligence, allowing users to access investment strategies, project ratings, and real-time market insights while maintaining control over their data.
