Financing Weekly | 20 public financing events; Web3 social graph protocol Lens Protocol completes $15 million in financing, led by IDEO CoLab Ventures

Highlights of this issue

According to incomplete statistics from PANews, there were 20 investment and financing events in the global blockchain last week (6.5-6.11), with a total capital scale of about 220 million US dollars, which has increased compared with the previous week. The overview is as follows:

• DeFi announced 2 investment and financing events, among which Kilde, a private debt platform in Singapore, completed a $1.115 million seed round of financing, with participation from Big Sky Capital and others;
• Chain Game Track announced 2 investment and financing, among which Web3 game launcher HyperPlay completed 12 million US dollars in financing, led by Griffin Gaming Partners and Bitkraft Ventures;
• NFT and Metaverse fields announced 4 financings, among which NFT digital collection platform Dew Drops announced the completion of a $1.5 million seed round of financing, led by Dream Ventures;
• Infrastructure and Tools track announced 4 financing, among which digital payment infrastructure platform Thunes announced the completion of $60 million in Series C financing, led by Marshall Wace;
• Other Web3/encryption-related projects announced 6 financings, among which WaveBL, a blockchain-based electronic bill provider, announced the completion of $26 million in financing, led by NewRoad Capital Partners;
• Centralized Finance announced 2 financings, of which TradingLeagues, a stock and encrypted game application, completed a Pre-A round of financing of US$3.5 million, with participation from Leo Capital and others.


DeFi

Web3 index investment company nealthy completes $1.3 million financing

Nealthy, a Web3 index investment company, has completed a Pre-Seed round of financing of US$1.3 million, with an undisclosed investor. Nealthy is said to offer index tokens that replicate the structure of a classic exchange-traded fund (ETF). By storing a variety of digital assets in the on-chain treasury, construct a diversified investment portfolio and issue underlying index tokens.

Blockchain fund management platform Kilde completes USD 1.115 million seed round financing, Algorand Foundation and others participate in the investment

Singapore-based private debt platform Kilde completed a US$1.115 million seed round of financing, with participation from Big Sky Capital, Borderless Capital, AXL ventures, the Algorand Foundation, and several angel investors. Kilde plans to develop a blockchain-based capital management system "SafeBay" to help blockchain companies manage short-term financial assets and provide a full range of credit products on the compliant chain. Currently, SafeBay has reached a cooperation with the Algorand Foundation. Launched in the third quarter of this year.

Chain Games

Web3 game enabler HyperPlay raises $12M led by Griffin Gaming Partners and Bitkraft Ventures

Web3 game launcher HyperPlay completed $12 million in financing, led by Griffin Gaming Partners and Bitkraft Ventures, with participation from MetaMask parent company ConsenSys, Ethereal Ventures, Delphi, Game7, Mirana Ventures, and Monoceros Ventures. It is reported that HyperPlay was launched in November last year. HyperPlay is also a game store aggregator, offering Epic Games and Guild of Guardians stores in its interface. HyperPlay fits into the MetaMask wallet. It also works with WalletConnect, supporting over 40 different crypto wallet providers.

Web3 game studio Argus Labs completes $10 million in seed round financing, led by Haun Ventures

Argus Labs, a Web3 game studio, completed a $10 million seed round of financing, led by crypto investment company Haun Ventures, with venture capital firms Robot Ventures, Anagram, Dispersion Capital, Web3 development backend Alchemy, and former Coinbase CTO Balaji Srinivasan and other personal investors voters. In addition, Argus also announced the launch of World Engine, a blockchain game software development kit (SDK) that will allow developers to create their own Web3 game ecosystem.

NFT & Metaverse

NFT digital storage platform Dew Drops completes $1.5 million in seed round financing, led by Dream Ventures

Dew Drops, an NFT digital storage platform, announced the completion of a $1.5 million seed round of financing, led by Dream Ventures, with participation from VaynerFund, Polygon Technology Fund, Ruttenberg Gordon Investments, and Slow Ventures. It is reported that Dew Drops is a digital collection company operating in the field of art and technology. Founded by Jeremy Levitan and Martin Holzner, Dew Drops aims to reduce technical barriers and improve the efficiency of exploring and discovering NFT digital collections.

BlockSpan, an NFT application programming interface platform, completed a pre-seed round of financing of 1.4 million US dollars, and Innovation Work participated in the investment

BlockSpan, an NFT application programming interface platform, announced the completion of a $1.4 million Pre-Seed round of financing, with Innovation Works participating. It is reported that BlockSpan can help users quickly access current and historical NFT data stored on various blockchains, and can also help software companies create Web3 and blockchain-based applications more easily.

Web3 music platform Spinamp completes $1.2 million in financing, led by PTC Crypto

Spinamp, the Web3 music platform, announced the completion of a $1.2 million financing, led by PTC Crypto, with participation from Coop Records, Archetype, NOISE, Fire Eyes DAO, and 1kx. Currently, Spinamp has aggregated and indexed music NFTs from Sound, Catalog, Nina, Zora, NOIZD, Lens, Arpeggi, Decent, OpenSea Collections, Songcamp, HedsDAO, Manifold, and over 30 other smaller platforms and artists.

NFT social commerce platform developer Oxalus completes $1.1 million in seed round financing led by IDGCVB and Kyber Ventures

Vietnamese NFT social commerce platform developer Oxalus completed a US$1.1 million seed round of financing led by IDGCVB and Kyber Ventures. Oxalus' NFT social commerce platform allows users to interact online, learn about market news, and buy and sell NFT collections. Users can also directly comment, like, follow, and share on the platform, express themselves through creative content, and manage their own. portfolio etc. The platform also offers NFT aggregators as well as analytics tools.

Infrastructure & Tools

Digital payment infrastructure platform Thunes completes $60 million in Series C financing, led by Marshall Wace

Thunes, a digital payment infrastructure platform, announced the completion of a US$60 million Series C financing led by Marshall Wace, with participation from Bessemer Venture Partners and Southeast Asian private equity firm 01Fintech. This round of funds will be used to open up new markets and improve the efficiency of its payment network. It is reported that since 2021, the coverage of its mobile wallet network has quadrupled to 3 billion accounts, has connected 4 billion bank accounts worldwide and processed transactions worth approximately US$50 billion, 90% of which are instant trade.

Encryption startup Taiko Labs raises $22 million in two rounds of funding led by Sequoia China and Generative Ventures

Crypto startup Taiko Labs has raised $22 million in two seed rounds, with the first round of $10 million led by Sequoia China and the second round of $12 million led by Generative Ventures. Other investors in the two rounds include IOSG Ventures, OKX Ventures, GSR and GGV Capital, etc. The specific valuation has not been disclosed yet. It is reported that Taiko can enable developers and users to experience Ethereum safely, with lower transaction fees, and without having to consider any changes. It is currently the most promising project in the zkEVM field, and it is also one of the top five ZK-EVM players named by Vitalik on Twitter.

Web3 social graph protocol Lens Protocol completes $15 million financing, led by IDEO CoLab Ventures

Web3 social graph protocol Lens Protocol completed a new round of financing of US$15 million, led by IDEO CoLab Ventures, General Catalyst, ian and Blockchain Capital participated in the investment, angel investors include Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah and Polygon co-founder Sandeep Nailwal et al. It is reported that the protocol was built by Aave, allowing users to lend and borrow encrypted tokens to each other.

Cosmos development company Informal s completed $5.3 million in financing, led by CCMC Global

Cosmos development company Informal s completed $5.3 million in financing, led by CCMC Global, with participation from Nascent, Maven11 and individual investors from Celestia and EigenLayer. This round of financing will support the work of the core development team of the Cosmos ecosystem and will be used to promote the development of the company's security audit department, Informal Security.

other

Encryption mining startup WOW EARN completes $30 million in financing

According to Investingcube, WOW EARN, an encryption mining start-up company, announced the completion of a $30 million Series A round of financing. Pinnacle Innovations Capital, Blue Horizon Ventures, Ascendant Growth Partners, Nexus Pioneers Capital and Quantum Leap Ventures participated in the investment. The newly raised funds will be used to expand its business, develop its platform and strengthen its community-based business strategy. It is reported that the mining platform WOW EARN does not require any professional experience or expensive mining equipment.

Blockchain electronic bill provider WaveBL completes $26 million in financing, led by NewRoad Capital Partners

WaveBL, a blockchain-based electronic bill provider, announced the completion of $26 million in financing, led by NewRoad Capital Partners, with participation from ZIM, Marius Nacht, Contour Venture Partners, Frank Sica, Techstars Central LLC, and Reefknot Investments. Using proprietary blockchain technology to transmit trade documents electronically, WaveBL's solutions enable instant, encrypted and authenticated transmission of electronic bills and related trade documents.

Bitcoin-denominated life insurance provider Meanwhile completes $19 million in financing, led by OpenAI CEO and others

Bitcoin-denominated life insurance provider Meanwhile has raised $19 million in two seed rounds, the first co-led by OpenAI CEO Sam Altman and former Stripe issuing head Lachy Groom, and the second by Gradient Ventures Lead the vote. Meanwhile, it plans to use the funding to hire a development team for its first product. The funding is understood to have enabled it to be licensed and regulated by the insurance regulator, the Bermuda Monetary Authority, and to hire an initial team to launch its first product: Bitcoin (BTC)-denominated whole life insurance.

Carbon-neutral blockchain application Nori raised $6.25 million, led by M13, Toyota Ventures, etc.

Carbon-neutral blockchain application Nori completed $6.25 million in financing, led by existing investors M13, Toyota Ventures, Placeholder, and Cargill. Nori completed a $7 million Series A round last March, bringing its total funding to date to $17.25 million. Nori built a blockchain-based end-to-end carbon removal marketplace dedicated to removing 1.5 trillion tons of carbon dioxide from the atmosphere to address climate change.

Bitcoin Startup Lab completes $1.5 million in seed round financing

Bitcoin Startup Lab announced the completion of a $1.5 million seed round at a valuation of $20 million, led by Sora Ventures.

It is reported that Bitcoin Startup Lab is a part-time entrepreneurship training program and founder community in the encryption industry. It will start its comprehensive mentor-guided entrepreneurship program at the end of June. The program is now open for applications in June, and the deadline is June 15. The Bitcoin Startup Lab program trains founders by providing them with the necessary tools, skills and knowledge to turn their ideas into Web3 Bitcoin startups.

Decentralized data broker Oamo completes $1.25 million Pre-Seed round of financing, led by White Star Capital

Oamo, a decentralized data broker, announced the completion of a $1.25 million Pre-Seed round of financing led by White Star Capital.

Oamo is about to launch a beta version, and the current waitlist is open, allowing users priority access to the first products released on Oamo. It is reported that Oamo aims to help Internet users profit from the value of their data, enabling them to earn rewards by anonymously sharing data in DeFi, NFT, games, wallets and other fields. The main components of the Oamo stack include DID, data pool, and Campaigns (marketing activities).

Centralized Finance

Stock and crypto game application TradingLeagues completes $3.5 million Pre-A round of financing

TradingLeagues, a stock and crypto game application, completed a Pre-A round of financing of US$3.5 million. Leo Capital, Jeejeebhoy family office, and KPB family trust fund under the family office of Sequoia India and Westbridge Capital founder KP Balaraj participated in the investment. It is reported that TradingLeagues helps users understand the stock and cryptocurrency markets through four games, and trains users to master skills such as building investment portfolios and trading. TradingLeagues plans to complete a $10 million A round of financing in the next few months.

Encrypted asset trading platform Ouinex completes $2 million Pre-Seed round of financing

Digital asset exchange Ouinex has completed a $2 million Pre-Seed round of financing, which aims to provide beginners and experts with an institutional-grade trading experience by prioritizing transparency, liquidity, and complexity.