Financing Weekly Report | 16 public financing events; Blast, a Layer 2 network founded by Blur, completes a $20 million financing round with participation from LianGuairadigm.

Weekly Finance Report | 16 Public Financing Events; Layer 2 Network 'Blast' Secures $20M in Funding Round Led by Blur and LianGuairadigm

Highlights of this episode:

According to LianGuaiNews incomplete statistics, there were 16 blockchain investment and financing events worldwide last week (11.20-11.26), with a total funding amount exceeding $147 million. An overview is as follows:

• DeFi announced 2 investment and financing events, including DeFi protocol LianGuainoptic based on Uniswap raised $7 million in seed funding led by Greenfield Capital;
• NFT and Metaverse announced 1 investment and financing event: Metaverse IP company Poglin received investment from Animoca Brands, the specific amount was not disclosed;
• Blockchain Gaming track announced 2 investment and financing events, including NFT gaming company Matr1x completing $10 million in Series A-2 funding led by Folius Ventures;
• Infrastructure and Tools track announced 5 financing events, including data privacy solution provider Privy completing $18 million in Series A funding led by LianGuairadigm;
• Other Web3/Crypto-related projects announced 3 financing events, including Bitcoin mining enterprise Bitfarms raising $60 million Canadian dollars (approximately $44 million) through private placement;
• Centralized Finance field announced 3 investment and financing events, including crypto exchange OMTrade completing $6 million in seed funding, led by the STEPN development team Find Satoshi Lab.

DeFi

DeFi protocol LianGuainoptic completes $7 million in seed funding, led by Greenfield Capital

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Based on Uniswap, DeFi protocol LianGuainoptic has raised $7 million in seed funding to help develop its decentralized perpetual options trading platform. European cryptocurrency investment company Greenfield Capital led the investment, with participation from HashKey, gumi Cryptos Capital (gCC), L1D, Heartcore Capital, Comma3, and Zee Prime Capital. LianGuainoptic and Greenfield have not disclosed the valuation of this round of funding. This funding will help LianGuainoptic further develop the platform during the current beta testing phase before its release on the Ethereum mainnet and V2 product launch.

IntentX, a full-chain off-exchange derivatives market, completes $2.5 million in seed funding

Full-chain off-exchange derivatives market IntentX announced the completion of $2.5 million in seed funding, led by Magnus Capital, with participation from Agnostic Fund, Prismatic Capital, MS2 Capital, Coral DeFi, Contango Digital Assets, Castle Capital, and others. It is reported that IntentX has released the Open Beta version, providing trading for more than 180 perpetual currency pairs. On the IntentX platform, liquidity providers can aggregate their funds through instant liquidity to meet specific trading requests (intents).

NFT & Metaverse

Metaverse IP company Poglin announces investment from Animoca Brands

Metaverse IP company Poglin announced on X platform that it has received investment from Animoca Brands. The specific amount has not been disclosed. According to reports, Poglin is a game company based in Tokyo and San Francisco that is dedicated to creating immersive and rich gaming experiences. The company aims to become a giant in the field of intellectual property that encompasses video games, anime, manga, and more. It has established technological partnerships with blockchain game developer Forte and public chain Sui.

Blockchain Games

NFT game company Matr1x completes $10 million Series A-2 funding, participated by ABCDE Capital

Singapore-based NFT game company Matr1x announced the completion of a $10 million Series A-2 funding, led by Folius Ventures, with crypto venture capital firm SevenX appointed as a co-lead. Other participants include ABCDE Capital, Jambo, Initiate Capital, and Find Satoshi lab. Currently, Matr1x has raised a total of $20 million in venture capital. Matr1x Fire is the studio’s flagship product, a first-person shooter game designed for mobile devices. Players can choose from a playable character list and compete in teams of five to eliminate enemies. Matr1x hopes that its eponymous game will thrive in esports, and the game is still under development.

Web3 game protocol Saga raises $5 million funding, led by Placeholder

Web3 game development protocol Saga announced the completion of a $5 million seed extension round led by venture capital firm Placeholder, bringing the total investment to $13.5 million. Saga plans to launch its mainnet in January next year and intends to distribute tokens to participating developers and community members. The token airdrop will be prioritized for the developers involved in the testnet first and then for community members.

Infrastructure & Tools

Founder of Blur launches Layer 2 network Blast, raising $20 million with participation from LianGuairadigm

The Layer 2 network Blast, based on Optimistic Rollup, completed a $20 million funding round with participation from LianGuairadigm, Standard Crypto, eGirl Capital, as well as angel investors Andrew Kang from LianGuairadigm Foundry, Hasu as a strategic advisor from Lido, and Larry Cermak, CEO of The Block. Blast was created by the founder of Blur, LianGuaicman, along with an experienced team from MakerDAO, MIT, Yale, and Seoul National University. Currently, Blast’s early access is live and limited to invitees, with all participants receiving Blast point rewards.

Data privacy company Privy completes $18 million Series A financing, led by LianGuairadigm

Data privacy solutions provider Privy has completed $18 million Series A financing, led by LianGuairadigm, with participation from Sequoia Capital, BlueYard Capital, Archetype, and others. Former partner at Sequoia Capital and board member of Stripe, Matt Huang, will join Privy’s board of directors. The main goal of Privy, a Web3 wallet tool, is to provide tools that connect users to the blockchain, regardless of the device or browser they use, and then allow users to decide which encrypted features to add.

Generative AI infrastructure public chain BP-FLAC completes $10 million financing, with participation from Amazon and others

Generative AI infrastructure public chain BP-FLAC has announced the completion of $10 million financing, with participation from Eureka Linaguartners, Westlabs, Mybitdata Ltd., DecentraLabs, technology giant Amazon, NVIDIA, and Alkhabeer Fund from the Middle East. BP-FLAC stands for “blockchain powered federated learning artificial intelligence.” The company relies primarily on global GPU nodes for computational allocation for AI training, while using zero-knowledge algorithms to address data privacy issues in AI training. It also provides token rewards to users who provide computational support. The new funding will be used for global expansion and the construction of GPU computational allocation technology.

Blockchain data sharing platform Smarter Contracts completes approximately $3.32 million private equity financing

Blockchain data sharing platform Smarter Contracts has announced the completion of a £2.65 million (approximately $3.32 million) private equity financing, with participation from an undisclosed private investor. The new funding will be used to enhance development and design capabilities to further expand the business and customer base of its blockchain data sharing user permission management platform, “Pulse.” It will also support the integration of smart contract functionality with the Pulse protocol and accelerate its integration with artificial intelligence technology.

One-click Rollup deployment framework Vistara completes Pre-Seed financing

One-click Rollup deployment framework Vistara has announced the completion of Pre-Seed financing, led by D1 Ventures and Factor, with participation from Public Works, founded by Scott Moore, co-founder of Gitcoin, Vamient Capital, and Celestia Labs co-founder and CEO Mustafa Al-Bassam, among others.

Other

Bitcoin mining company Bitfarms completes $44 million financing through private placement

Bitfarms, a Bitcoin mining company listed on both Nasdaq in Canada and the United States, announced that it has raised CAD 60 million (approximately USD 44 million) through private placement. It is expected to issue 44 million common shares to certain institutional investors in the United States on November 28, completing the financing. The private placement also comes with warrants to purchase an additional maximum of 22 million shares, with an exercise price of USD 1.17 and a three-year term. The net proceeds from this private placement will be mainly used for acquiring more miners, expanding infrastructure, and improving its working capital position. This private placement comes after Bitfarms raised USD 68 million in equity financing in the first three quarters of 2023.

AzukiDAO renamed to ‘Bean’, completes $10 million financing, and enters the Ethereum L2 Blast ecosystem

AzukiDAO announced its renaming to ‘Bean’ and dropped the lawsuit against Zagabond, the founder of Azuki, involving a $39 million NFT minting incident. The DAO will now transition into a memecoin project and integrate into the Ethereum Layer 2 solution, Blast. Additionally, developers claim that Bean has received $10 million in funding from “prominent investors” for its development and acceleration within the Blast ecosystem. The specific investors have not been disclosed yet.

Fence, a blockchain debt automation management platform, completes €1.8 million Pre-Seed round of financing

Fence, a blockchain debt automation management platform headquartered in Madrid, Spain, announced the completion of a €1.8 million Pre-Seed round of financing. The lead investor is Semantic.vc, with participation from Crane Earth, Actyus, and a group of angel investors. Fence uses blockchain smart contracts to automate the transfer of capital and assets on the chain, ensuring that all signatories of the smart contract comply with specific terms of credit agreements. The new funds will be used to expand the services provided to more European banks, debt private equity funds, and fintech companies.

Centralized Finance

Web3 bank iPeakoin completes nearly $10 million Series A financing, led by ZhenFund

iPeakoin, an innovative new bank building solutions across traditional finance and cryptocurrency, has completed a nearly $10 million Series A financing round led by ZhenFund. iPeakoin’s product suite caters to various customer needs, ranging from traditional industries such as advertising and gaming to global trade and Web3.0 projects. The products include corporate crypto wallets, global accounts, quantum virtual cards, and particle national bonds, among others.

OMTrade Completes $6M Seed Funding for Cryptocurrency Exchange

OMTrade, a cryptocurrency exchange, has completed a $6 million seed funding round. The round was led by Find Satoshi Lab, Folius Ventures, and Incuba Alpha, with participation from KSK Fund and a star-studded lineup of founders from Web3, entrepreneurs from Web2, hedge fund managers, and traders. OMTrade aims to revolutionize social trading by realigning the interests of traders and followers through innovative product features such as batch trading, monthly high-level settlements, and market-driven profit-sharing structures. The platform is currently testing its Alpha version, and its core team members have past experience as Forbes 30 Under 30 serial entrepreneurs, full-stack developers who have led over 20 DeFi/NFT projects, and chief architects of the futures trading division at a top 5 globally ranked trading platform.

Manta Exchange Completes New Funding Round with Participation from ABCDE Labs

Cryptocurrency exchange Manta Exchange has announced the completion of a new funding round with participation from ABCDE Labs, UOB Venture Management, C² Ventures, and Ocular. The funding amount has not been disclosed.

Venture Capital Firms

Leo Ventures Launches $10M New Fund, Plans to Invest in Web3 Projects

Singaporean venture capital firm Leo Ventures has announced the launch of a $10 million fund that will focus on investing in Web2 and Web3 technology startups in the Asia Pacific, India, and the Middle East regions. In the Web2 space, the fund intends to support projects in fintech, deep tech, ESG tech, as well as verticals like artificial intelligence and machine learning. In the Web3 space, the fund will support projects related to DeFi, L0, L1, infrastructure, Web3 payment solutions, and Web3 consumer technologies.

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