In this week’s update on venture capital, More than 253 million dollars were poured into the world of crypto-based startups; however, the majority of the money went to the blockchain-based Celestia Foundation.
Celestia Foundation, $100 million
The non-profit based in Liechtenstein is known for its creation of Celestia and has received $100 million from a number of major venture capitalists that are focused on crypto and are headed by Bain Capital Crypto.
Infinex, $65.29 million
Infinex, an exchange that is decentralized, was able to secure $65.29 million with the sale of a non-fungible token or NFT the sale. Framework Ventures, Solana Ventures, Wintermute, Eden Block, Moonrock Capital, and Bankless VC all took part in the venture.
⚡️@infinex_app, a decentralized exchange, has raised $65.29 million in an NFT Sale with participation from @hiFramework, @SolanaVentures, @wintermute_t, @edenblockvc, @MoonrockCapital, @BanklessVC, and others.
👉 https://t.co/XJONZ0MilX pic.twitter.com/d6wVXnRb0f— Fundraising Digest (@CryptoRank_VCs) September 26, 2024
Pencils Protocol Pencils Protocol, $30 million
Pencils Protocol, an auction platform and yield aggregator for Scroll, has raised an additional $30 million. Extra 30 million. DePIN X, Taisu Ventures, Black GM Capital, and Bing Ventures are among its strategic investors.
Initia: $14 million
Initia has secured $14 million in the Series A round. Tomasz Tunguz and Spencer Farrar from Theory VC were on the lead team. Delphi Ventures and Hack VC are also participating.d.
All your chains are belong to us
Initia is excited to announce our $14M Series A fundraise led by @ttunguz and @SpencerFarrar at @theoryvc with @Delphi_Ventures and @hack_vc doubling down. pic.twitter.com/lCj2Ve204L— Initia 🪢 (@initiaFDN) September 25, 2024
Mawari Network, $10.8 million
TK
Mawari Network has raised $10.8M in strategic funding to pioneer the future of spatial computing 🕶️
Building on Mawari’s expertise in streaming immersive experiences, Mawari Network leverages DePIN to bring 3D content quickly & affordably to devices around the world. pic.twitter.com/SnNK2VzIPc— Mawari (@mawariXR) September 26, 2024
Mind Network, $10 million
Mind Network raised $10 million in a pre-A round of funding. Participants in the round comprised Animoca Brands, Arkstream Capital, Cogitent VC, MH Ventures, Moonhill Capital, SwissBorg, IBC Group, Master VC, and others.
❗️@mindnetwork_xyz raised $10 million in a Pre-A funding round
Investors in the round include Animoca Brands, Arkstream Capital, Cogitent VC, MH Ventures, Moonhill Capital, SwissBorg, IBC Group, Master VC, and others.
👉 https://t.co/8nHO3Pd5Dh pic.twitter.com/quRVTEWTiA— 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) September 27, 2024
Dark bright, and $6 million
Bitkraft Ventures led an oversubscribed $6 million seed round to Darkbright, the web3-based studio behind the Smolbound role-playing game.
Announcing our oversubscribed $6M Seed round led by @BITKRAFTVC and other leading gaming and web3 investors.
Smolbound is a refreshing take on the life sim RPG genre, and the first title by @darkbrightgames to build the future of midcore gaming.
Learn more 👇 pic.twitter.com/hwhOldtUMt— Smolbound (@smolbound) September 23, 2024
Daylight and $6 million
Union Square Ventures and 1kx Network jointly led a seed round of capital in the cryptocurrency platform Daylight. Daylight is a well-known startup for its transaction recommendation API.
.@morley & I are excited to announce @daylight‘s $6M round led by @USV, co-led by @1kxnetwork!
We are the “onchain for you” API that powers personalized recommendations in apps like Coinbase Wallet, MetaMask, Zerion and OKX Wallet.
Our mission: grow onchain GDP. We are hiring! pic.twitter.com/nJqtcnlxpn— kyle (@kyle) September 24, 2024
Gunzilla Games, $6 million
Delphi Ventures invested in Gunzilla Games, which is its biggest game investment so far. Gunzilla’s GUNZ blockchain is a crucial element of the studio’s forthcoming Web3 game “Off The Grid.
We are proud to have more remarkable supporters of our vision as @Delphi_Ventures has become the largest validator of our blockchain network, @GUNbyGUNZ.
We are looking forward to having Delphi as a partner as we grow the GUNZ ecosystem.
Read more: https://t.co/dL0JpqtS4e pic.twitter.com/0FG4QQrdvL— Gunzilla Games (@GunzillaGames) September 25, 2024
AminoChain 5 million dollars
AminoChain, a decentralized biobank and a Layer 2 network, has been mostly quiet for the last two years. It was quiet until the crypto firm a16z led an initial $5 million financing round for the company. This raised the total to $7 million. This is the debut investment into DeSci, a term used to describe decentralized science.
After 2 years of building in silence we’re so excited to finally share what we’ve been working on at AminoChain and announce our $5M seed round led by @a16zcrypto !— AminoChain (@Amino_Chain) September 25, 2024
Funding rounds of $5 million
- Eigenpie The restocking SubDAO that was designed to maximize potential earnings for holders of liquid stake tokens brought in $4 million.
- Meshmap Meshmap HTML0: The platform is open and decentralized. Has received $4 million from a16z Colosseum, Lattice, Escape Velocity, GSR, and other institutions.
- Meridian: ParaFi Capital, Borderless Capital, Amber Group, Saison Capital, Interop Ventures, and Oak Grove Ventures pooled $4 million for decentralized liquidity in Hong Kong’s market.
- Helixlabs, Its company, was awarded the sum of $2 million from a pre-seed capital round by Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group. The company’s valuation is estimated to be approximately $40 million.
- EarthFast: Nascent was the lead in a $1.4 million pre-seed financing round. The General Partnership also participated alongside Kain Warwick, Roneil Rumburg, and Bodhi Ventures.
