Financing Express of the Week | 18 projects received investment, with a total disclosed financing amount of approximately US$108 million (10.7-10.13)

According to incomplete statistics from Odaily Planet Daily, there were 18 blockchain financing events announced at home and abroad from October 7 to October 13, a significant increase from last weeks data (8 events). The total amount of financing disclosed was approximately US$108 million, a significant increase from last weeks data (US$34.05 million).

Last week, the project that received the most investment was Ithaca, a second-layer network development company, with $20 million; followed by Infinitar, a Web3 game development studio, with $11.9 million.

The following are specific financing events (Note: 1. Sort by the amount of money announced; 2. Excludes fund raising and MA events; 3. * indicates a traditional company whose business involves blockchain):

Ithaca, a second-layer network development company, has completed a new round of financing of $20 million, with Paradigm participating in the investment

On October 10, Ithaca, a second-layer network development company, announced the completion of a new round of financing of US$20 million. Paradigm participated in the investment. Paradigms CTO Georgios Konstantopoulos will serve as the companys CEO. The new funds will support Ithaca to launch its Layer 2 blockchain Odyssey, which has begun running on the test network.

Web3 blockchain game Infinitar has raised a total of US$11.9 million in financing, led by Lam Group and Accelbyte

On October 11, recently, the Web3 AAA MOBA chain game Infinitar announced that it had completed a total of US$11.9 million in financing, led by Lam Group and AccelByte, followed by Waterdrip Capital, AC Capital, DEX Ventures, and Mason Labs. The post-investment valuation reached US$150 million.

Decentralized network project delta announced the completion of $11 million in financing, Figment Capital and others led the Pre-Seed round

On October 10, according to official news, the blockchain network interoperability project delta announced the completion of US$11 million in financing, including the Pre-Seed round led by Figment Capital and Maven 11 and the seed round led by Variant and DBA. Other investors include Reverie, Castle Island Ventures, Credibly Neutral, Ambush Capital, Robot Ventures, Delphi Ventures, Public Works, Komorebi Collective, etc.

Web3 gaming ecosystem PiP World completes $10 million seed round, Exinity participates

On October 10, Web3 gaming ecosystem PiP World announced the completion of a $10 million seed round of financing, with Exinity participating in the investment. The company aims to create an encrypted version of Duolingo and has also launched PiP Trader, a AAA strategy management simulator game for building trading portfolios.

Web3 game studio Dragonz Lab completes $9 million financing, led by Syndicate Capital

On October 9, British Web3 game studio Dragonz Lab announced the completion of a $9 million financing round led by Syndicate Capital Limited Partnership Fund (LPF). Dragonz Lab plans to use the funds to further develop the Dragonz Lab ecosystem and will launch its token economics and additional features in the coming months.

Bitlayer completes new round of financing of US$9 million, led by Polychain Capital and others

On October 9, Bitcoins second-layer network Bitlayer completed a $9 million Series A expansion financing with a valuation of $300 million. Polychain Capital and Franklin Templeton led the investment, and SCB Limited, Selini Capital, G-20.Group and others participated in the investment. It is reported that the valuation of this round of financing is $300 million, the same as the Series A financing in July. As of now, the companys total financing amount has reached $25 million.

Decentralized open source AI platform OpenGradient completes $8.5 million in financing, with a16z, CSX and others participating

On October 10, the decentralized open source AI platform OpenGradient announced on the X platform that it had completed a financing of US$8.5 million, with participation from a16z Crypto Startup Accelerator (a16z CSX), SV Angel, Coinbase Ventures, SALT Fund, Symbolic Capital, as well as former Coinbase CTO Balaji Srinivasan, NEAR founder Illia Polosukhin, and Polygon founder Sandeep Nailwal.

Yala Completes $8 Million Seed Round, Led by Polychain Capital and Ethereal Ventures

On October 10, Yala, a Bitcoin liquidity protocol and stablecoin issuer, announced the successful completion of an $8 million seed round of financing, and received financing commitments that exceeded the target by 3 times. This round of financing was led by Polychain Capital and Ethereal Ventures, and followed by Galaxy, Anagram, Amber Group, ABCDE, Ambush Capital, GeekCartel, HashKey Capital, L2 Iterative Ventures (L2 IV), SatoshiLab, UpHonest Capital, UTXO Management and 280 Capital. The specific valuation has not been disclosed. The funds raised will be mainly used for team expansion, product development and security improvements, and to prepare for the mainnet launch. In addition, investors have also pledged to pledge more than 2,000 bitcoins to Yala.

Privacy-focused social media network MeWe completes $6 million Series B funding round led by McCourt Global

On October 10, MeWe, a privacy-focused social media network based on the Decentralized Social Network Protocol (DSNP), announced the completion of a $6 million Series B financing round led by McCourt Global. The new funds will be used to further develop new technologies such as artificial intelligence integration, launch new Web3 product features, strategic user acquisition through targeted marketing efforts, and launch native tokens to enhance user growth, platform engagement, and utility.

French blockchain securities trading platform Kriptown completes 4.2 million euros in Series A financing, led by BNP Paribas

On October 10, French blockchain securities trading platform Kriptown announced the completion of 4.2 million euros in Series A financing, led by BNP Paribas, Bpifrance and Centilux Family Office, with BNP Paribas and Bpifrance becoming shareholders of the company. The new funds will be used to establish a European stock exchange specifically for small and medium-sized enterprises under the European DLT pilot system, allowing the creation of a financial market based on blockchain technology.

MEV infrastructure developer Semantic Layer completes $3 million seed round led by Figment Capital

On October 9, Semantic Layer, a MEV infrastructure development company, completed a $3 million seed round of financing, led by Figment Capital, with participation from Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram and Perridon Ventures. The new financing will be mainly used to develop the core of Semantic Layer and increase the market awareness of ASS, including sponsoring research and developer discussion activities.

Bitcoin Ecosystem Oracle Network APRO Oracle Completes $3 Million Seed Round Financing, Led by Polychain and Others

On October 8, APRO Oracle, a decentralized oracle network in the Bitcoin ecosystem, announced the completion of a $3 million seed round of financing on X, led by Polychain, ABCDE, and Franklin Templeton Digital Assets, with participation from CMS Holdings, Comma 3 Ventures, UTXO Ventures, Oak Grove Ventures, Presto Labs, and others.
It is reported that APRO Oracle supports more than 15 chains, more than 140 assets and more than 100 ecological partners.

Moonveil Completes $2 Million in Financing, Led by Polygon Labs

On October 11, the Layer 2 gaming ecosystem Moonveil announced the completion of a $2 million financing, led by Polygon Labs. It is reported that $1 million of the financing amount is intended to promote the development of the AggLayer integration project within the Moonveil ecosystem. In addition, Moonveil announced that it will conduct a node sale, with the whitelist round to be held on October 22 and the public round to be launched on October 24. Node activation is scheduled for the first quarter of 2025, of which 25% of the tokens will be unlocked after the token generation event (TGE), and 70% of the tokens will be vested within three years. The remaining 5% will be allocated to community rewards after the TGE.

Base Ecosystem Launchpad Trendies Completes $1.75 Million Pre-Seed Round of Financing, Led by Archetype

On October 11, according to official news, Base ecosystem Launchpad Trendies completed a $1.75 million Pre-Seed round of financing, led by Archetype, with participation from Coinbase Ventures’ Base Ecosystem Fund and several angel investors.
Trendies is a Launchpad for token holders who are rewarded for creating memes, liking popular content, and staking tokens.

Fission Labs, an on-chain venture capital platform, completes $1.6 million in Pre-Seed round of financing

On October 12, the on-chain venture capital platform Fission Labs announced the completion of a $1.6 million Pre-Seed round of financing, led by SALT Fund and Kraynos Capital, with participation from Anthony Scaramucci (Skybridge). The new funds intend to promote Fission Labs to introduce venture capital into on-chain DeFi applications. Its platform has launched a testnet on Ethereum to support cryptocurrency native users and traditional financial participants to invest in and trade private equity-backed tokens.

German cryptocurrency market maker Tradias completes Series A financing and obtains securities trading bank license

On October 8, German cryptocurrency market maker Tradias completed its Series A financing and obtained a securities trading bank license issued by the regulator. The company has not yet disclosed the specific amount of financing and investor information, only stating that several small and medium-sized family office investors participated in this round of financing.

Coded Estate, a decentralized real estate exchange, completes angel round financing, with participation from Hyperion Ventures and others

On October 10, Coded Estate, an on-chain real estate transaction service, completed its angel round of financing, with participation from Mozaik Capital, Hyperion Ventures, Black Dragon, Dutch Crypto Investors, etc. The specific financing amount and valuation information have not been disclosed yet. Coded Estate plans to use the new funds to promote on-chain sales and leasing to optimize real estate transactions, and adopt hybrid smart contracts and zero-knowledge proofs (ZKP) to improve market transparency.

DePIN solution PinGo Lab completes seed round financing, TFund and others participate

On October 10, PinGo Lab, an AI and DePIN solution provider based on the TON network, announced the completion of its seed round of financing. Institutions such as TFund, CGVFOF, K 24 Ventures, CatcherVC and LandScape Capital participated in the investment. The specific amount has not been disclosed yet.