ChainCatcher news, according to The Block, the blockchain project Initia announced the completion of a $14 million Series A funding round, led by Theory Ventures with participation from Hack VC and others. Angel investors include Keone Hon from Monad Labs, Bryan Pellegrino from LayerZero Labs, and Michael Egorov from Curve Finance.Initia co-founder Ezaan Mangalji stated that the company began its Series A funding earlier this year and completed the financing in June. The structure of this round is a Simple Agreement for Future Equity (SAFE) with token warrants, which brings Initia's FDV to $350 million.

ChainCatcher news, according to CoinDesk, blockchain indexing and data infrastructure platform Allium Labs has completed a $16.5 million Series A funding round, led by Theory Ventures, whose founder Tomasz Tunguz will join the board. Kleiner Perkins and Amplify Partners also participated in this funding.Allium Labs provides enterprise-level blockchain data for companies such as Visa, Stripe, and Uniswap Foundation, and plans to use the funds for data infrastructure development and market expansion. Latest data shows that demand for stablecoins is rebounding in 2024, with circulating supply nearing $150 billion and monthly active users reaching 27.5 million.Additionally, Web3 asset data platform RootData shows that Allium offers on-chain data infrastructure products, ranging from hosted blockchain databases and rich data models to real-time alert features.