ChainCatcher news, according to The Block, decentralized finance liquidity solution provider Barter announced the completion of a $3 million seed round financing, led by Web3 venture capital firm Maven 11, with participation from Lattice, Anagram, Heartcore, DCG, and Daedalus Angels.Barter co-founder Nikita Ovchinnik stated that this round of financing will be used to expand the team, accelerate research and development, and continue developing its DeFi tool AppChain. It is reported that Barter currently has a daily trading volume of $20 million across multiple EVM-compatible blockchains. The project was established in 2023 and primarily provides on-chain trading matching and settlement services.

ChainCatcher news, Ethereum scaling infrastructure developer Spire Labs has completed a $7 million seed round financing, led by Maven 11 Capital and Anagram, with participation from a16z Crypto Startup Accelerator, Digital Currency Group, Bankless Ventures, Volt Capital, Finality Capital, and angel investors Nick White and Jacob Arluck from Celestia Labs, as well as Amrit Kumar and Anthony Sassano from AltLayer.Spire Labs co-founder Kaito Yanai stated that the company began its seed round financing in June and completed the funding earlier this month. Yanai mentioned that this financing was conducted in the form of a Simple Agreement for Future Equity (SAFE). Spire Labs is currently developing the first testnet of Based Stack, which is planned to be launched by the end of this year, and added that the mainnet is scheduled to launch in the first quarter of 2025.Spire is a crypto startup focused on Ethereum scaling, developing "Based Stack," a framework designed to enable builders to deploy application-specific chains or application chains.

ChainCatcher news, according to The Block, the blockchain governance project Jokerace has completed a $3 million financing round, with participation from Maven 11 and about 30 angel investors.It is reported that Jokerace is a no-code project that allows blockchain projects to initiate competitions, debates, and hackathons. The project was launched last year and is currently live on over 90 blockchains.

ChainCatcher news, according to official sources, the modular Layer2 blockchain Camp Network, designed specifically for blockchain consumers, has announced the completion of a $4 million seed round financing, led by Maven 11, with participation from OKX, Protagonist, Inception Capital, Eterna, Hyphersphere, Paper Ventures, Moonrock Capital, and others. Angel investors include several founders from Eigen Layer, Sei Network, and Selini Capital, as well as senior executives from music labels, agencies, and media companies. Camp Network will launch its public testnet in April and its mainnet in June.It is reported that Camp Network is designed for blockchain consumers in the music, media, and entertainment sectors, and will utilize its digital backpack to leverage off-chain participation data from social and streaming applications (where most users' digital identities exist) to help consumers better understand and incentivize valuable behaviors.

ChainCatcher news, crypto custody and staking service provider Finoa has completed a $15 million financing round, led by Maven 11 Capital and Balderton Capital, with participation from Blue Bay Ventures, Signature Ventures, Coparion, and Venture Stars.Christopher May, co-founder and co-CEO of Finoa, stated that this equity financing round started in June last year and concluded in December.Finoa initially aimed to raise $5 to $6 million in this round from existing investors, but due to external investors' interest in the company's recent return to profitability, it ultimately raised more funds.This strategic financing comes nearly three years after Finoa raised $22 million in its Series A round in April 2021. Given the challenging market conditions last year, Finoa did not pursue a large Series B round but opted for a smaller strategic financing to achieve growth. A source familiar with the matter indicated that this round of financing maintained a valuation of $100 million, consistent with Finoa's Series A valuation in 2021.

ChainCatcher news, according to The Block, crypto venture capital firm Maven 11 is seeking to raise $100 million for its third fund, with the company hoping to complete the fundraising in the first half of next year. So far, one-third of the total $100 million has been committed by limited partners.Theta Capital Management is a fund of funds focused on cryptocurrencies, having invested over $600 million in the crypto space to date, and is a major investor in Maven 11's third fund.

ChainCatcher news, Web3 wallet infrastructure Openfort has completed a $3 million seed round financing, led by Gumi Cryptos Capital and Maven 11, with participation from Game7, NGC Ventures, and Newman Capital.It is reported that Openfort allows users to register using various popular authentication methods (such as Google, Gmail, and Twitter). It also enables gamers to conveniently perform multicalls, with gas fees settled from the backend. (Source link)

ChainCatcher news, modular blockchain Astria has completed a $5.5 million seed round financing, led by Maven 11, with participation from 1kx, Delphi Capital, and Figment Capital. The funds will be used to develop its shared Sequencer network. The Sequencer is responsible for coordinating transactions on Layer2 rollups, and Astria's goal is to enable anyone to deploy their own censorship-resistant rollup without relying on a centralized Sequencer. (source link)

ChainCatcher news, decentralized stablecoin development company Gyroscope has completed a $4.5 million seed round financing, led by Placeholder and Galaxy, with participation from Maven 11, Archetype, Robot Ventures, and Balancer Labs co-founder and CEO Fernando Martinelli.Gyroscope co-founder Lewis Gudgeon stated that this round of financing ended in January 2022, but Gyroscope is now making it public as the protocol's codebase is nearly complete and preparations for a full launch are underway. Gyroscope's stablecoin, called gyro dollar, with the code name GYD, is non-custodial and is designed to be fully backed by reserves. (source link)

ChainCatcher news, according to The Block, blockchain tool provider Modular Cloud completed a $1.7 million Pre-Seed funding round last year, led by Maven 11 and Blockchain Capital, with participation from NFX, Celestia Foundation, and Eclipse. The funds will be used to build a block explorer for modular blockchains and to hire staff. Currently, Modular Cloud is operated solely by its two co-founders. (Source link)