26 projects raised $50 million Cipher raised $50 million

Collated by: Golden Finance

This week, 26 blockchain startups raised a total of $249.4 million in funding.

The largest financing round this week

Cipher Mining raised $50 million from SoftBank Fund in a round of financing.

Cipher Mining is a company that builds and operates industrial-grade data centers for Bitcoin mining and high-performance computing (HPC), including artificial intelligence workloads. It expands data center capacity while strategically allocating electricity between mining and other computing services.

Angel and Seed Rounds

Cedar Money raised $9.9 million in seed funding from QED Investors*, North Island Ventures (NIV), Lattice Fund, Wischoff Ventures, and Stellar Development Foundation (SDF).

Cedar Money is a payments company that enables seamless cross-border money movement using stablecoins. Cedar Money provides businesses with seamless and compliant payment solutions, enabling faster, more reliable, and more cost-effective cross-border payments between developed and emerging markets.

Mevvy has raised $2.8 million in a seed round from Multicoin Capital*, Chapter One, Hypersphere, Nascent, Borderless Capital, Relayer Capital, Modular Capital, Equilibrium co, GSR Markets LTD, Selini Capital, Enigma Validator, Joshua Lim, Georgios Vlachos, Leptokurtic, Cygaar, Steve Kokinos, and JPEG Trading.

Mevvy is a MEV (Maximum Extractable Value) execution platform that aims to simplify the ordering and execution of blockchain transactions for the convenience of traders. It provides an integrated development environment (IDE) with pre-installed open source strategies, allowing traders to focus on optimizing techniques such as arbitrage, front-running, and liquidation without having to manage complex infrastructure.

Pod Network has raised $10 million in seed funding from a16z Crypto Startup Accelerator (CSX), 1kx, Blockchain Builders Fund (BBF), Stanford Blockchain Accelerator (SBA), Protagonist, Flashbots, Georgios Vlachos, Nick White, Sergey Gorbunov, Waikit Lau, and Mounir Benchemled.

Pod is a consensus-free layer 1 blockchain designed to eliminate inefficiencies in traditional transaction validation. Pod streams transactions directly to validators for authentication and timestamping, achieving speeds of up to 200 milliseconds. It is built on the EVMx framework and is compatible with Solidity, enabling developers to easily create decentralized applications such as games, social networks, stablecoin payments, and AI smart contracts. Pod is a spin-off of Common Prefix, a blockchain consultancy with experience in projects like Celestia and Axelar.

Based has raised $420K in a pre-seed round from dlab* and Manifold.

Based is the first permissionless opinion marketplace platform, enabling users to trade public sentiment like a perpetual prediction market. Built on Solana, it turns trends, memes, and viral moments into tradable assets, allowing users to speculate and profit from changes in cultural relevance.

Other funding rounds

VitalVEDA has raised $20M in a round from Rollman Management Digital ...p>Based is the first permissionless opinion marketplace platform, enabling users to trade public sentiment like a perpetual prediction market.

Based is the first permissionless opinion marketplace platform, enabling users to trade public sentiment like a perpetual prediction market.

Based is a spin-off of Common Prefix, a blockchain consultancy with experience in

VitalVEDA is a Web3 fitness platform that integrates artificial intelligence (AI) and blockchain technology to provide a personalized workout experience. The platform offers AI-assisted workouts with real-time feedback, an AI-driven body scanning feature for posture and body composition analysis, and a virtual functional gym where users can participate in group workouts and challenges. Users earn VVFIT tokens by completing workouts, reaching milestones, and engaging with the community.

Spindl raises an undisclosed amount of funding from Coinbase in an acquisition funding round.

Spindl is a Web3 growth platform that provides comprehensive solutions for on-chain attribution, analytics, audience segmentation, and advertising. It enables developers to understand user acquisition sources and behaviors in decentralized applications and provides customizable dashboards and reporting tools. Spindl's referral system allows projects to reward key opinion leaders, community members, and publishers who contribute to user growth.

SyFu raises an undisclosed amount of funding from Castrum Capital in a funding round.

SyFu is a Web3 wallet powered by DePIN that gamifies payment data and transforms it into digital assets. It owns MANEKINEKO NFTs based on the evolution of user spending behavior and integrates DIDs and SBTs to redefine consumer credit. SyFu also provides secure crypto payments, NFT trading, and DeFi access through its non-custodial wallet powered by ERC-4337 and MPC technology.

Elastos raises $20 million from Rollman Management Digital in a funding round.

Elastos is a decentralized SmartWeb platform that enables users to truly own and monetize digital assets. By integrating blockchain, decentralized identity (DID), and peer-to-peer networks, it ensures the security of data ownership. Elastos combines auxiliary proof-of-work (AuxPoW) and bonded proof-of-stake (BPoS) for enhanced security and leverages Bitcoin's hashing power. The platform supports dApps and token-based economies, redefining digital property rights.

Irreducible (formerly Ulvetanna) raised $24 million in a Series A funding round from Paradigm, Bain Capital Crypto, Fenbushi Capital, L2 Iterative Ventures (L2IV), Robot Ventures, Brendan Farmer, Daniel Lubarov, and Sina Habibian.

Irreducible supports blockchain protocols by running FPGA clusters customized for cryptographic computing to accelerate the generation of zero-knowledge proofs. Their services include a proof platform compatible with systems like Plonky2 and Polygon zkEVM, and they are developing Binius, a high-performance binary proof system optimized for custom hardware.

QED Builders has raised an undisclosed amount from The Sandbox in an acquisition funding round.

QED is a software development company specializing in scalable solutions across multiple sectors including blockchain, product development, team scaling, and design systems. Their expertise spans end-to-end Web3 applications, NFT minting, smart contract development, and scalable infrastructure.

D3 Global has raised $25 million in a funding round from Paradigm* and Coinbase Ventures.

D3 Global claims to have “patent-pending technology” that promises to improve interoperability between the Web2 and Web3 versions of the internet, while increasing usability and security. D3 intends to apply for and acquire a new top-level domain (TLD) during ICANN’s upcoming application period, designed to provide inherently secure identity support for all web browsers and devices.

Bluwhale has raised an undisclosed amount in a Series A funding round from Cointelegraph Acceleration, Swissborg Ventures, CoinBureau, Altcoin Daily, Master Ventures, DWF Labs, NxGen, Baboon VC, Cryptonite Capital, Hub71, NewTribe Capital, Vitality Ventures, Citizen Capital, Castrum Capital, Elevate Ventures, AlphaCrypto Capital, Kahuna, Moon Capital, London Real Ventures, Arbitrum Foundation, and Movement Labs.

Bluwhale is a decentralized AI personalization protocol designed for the blockchain that revolutionizes digital communications by giving wallet holders control over their digital profiles and the ability to monetize their information. Through AI and contextual data, Bluwhale creates detailed wallet personas, enabling companies to more precisely target potential audiences, enhance user engagement, and bring transparency to the industry while rewarding users for their participation.

CryptioRaised $15M in a Series A Round from Alven*, 1kx, Cathay Ledger Fund, BitGo, Point Nine Capital, BlueYard Capital, and Tim Draper.

Cryptiois an institutional-grade crypto accounting platform.

CanopyRaised $1.2M in a Series A Round from Mechanism Capital, CitizenX Crypto Ventures, Primitive, Side Door Ventures, and GSR Markets LTD.

Canopy is a DeFi yield optimization platform on Movement that improves returns by automatically deploying liquidity and reward overlays. It simplifies DeFi strategy management through an all-in-one dashboard.

Analog raised $5 million in a round of funding from Foresight Ventures, Gate Ventures, BackerDAO, Black Label, and Sam Kazemian.

Analog is a sovereign blockchain based on the Delegated Proof of Stake (DPoS) consensus algorithm, with Timechain at its core - a powerful and immutable ledger that enables seamless dApp communication and data exchange in a decentralized manner. Analog's approach and full-chain structure enable it to interact with multiple networks, making it versatile in various cross-chain applications and providing fast, accurate, and provable data for DApps development in the Web3 ecosystem.

Sign (EthSign) raised $16 million from YZi Labs (Binance Labs) in a funding round.

Sign is an on-chain infrastructure for token distribution and credential verification, ensuring transparency and security. Its TokenTable platform has facilitated over $4 billion in token airdrops for 40 million users and over 200 projects including Starknet and ZetaChain. The Sign Protocol connects real-world credentials with blockchain addresses, facilitating adoption by governments and businesses.

Clipper raised an undisclosed amount from Sushi Labs in an M&A funding round.

Clipper is a decentralized exchange (DEX) designed to get the best prices on small trades (<$10k) for self-reliant cryptocurrency traders.

McQueen Labs Inc. (MCQ Markets) has raised $1.2 million from SOL Global Investments Corp. in a funding round.

MCQ Markets is a platform that democratizes investment in iconic cars by offering fractional ownership opportunities. Through an SEC-qualified offering, investors can purchase shares in luxury vehicles such as Ferraris and Lamborghinis without the burdens that traditionally come with full ownership. Each vehicle is associated with a unique NFT on the Solana blockchain, securely storing key information such as the vehicle identification number (VIN), mileage, and purchase date, ensuring data authenticity and transparency.

Maalexi has raised $3 million from Citibank in a funding round.

Maalexi is a cross-border marketplace platform that simplifies food and agriculture trade through digital contracts, payments, and logistics. It empowers small agricultural businesses and improves efficiency and security in global supply chains.

Shipyard Software has raised an undisclosed amount from Sushi Labs in a round of M&A funding.

Shipyard Software focuses on creating customized decentralized exchanges (DEXs) for specific trading needs within the cryptocurrency market. Its notable projects include Clipper, an optimized DEX for small transactions, and Longship, which focuses on decentralized perpetual contracts. In addition, they provide tools such as encoded OFAC sanctions lists to help decentralized finance (DeFi) protocols comply with regulations.

Spheron Network has raised an undisclosed amount from Arcanum Ventures in a round of funding.

Spheron Network is a decentralized computing platform that connects developers and enterprises with independent GPU providers to provide processing power on demand. It facilitates efficient deployment and scaling of applications by providing instant access to scalable GPU resources without the need to manage complex infrastructure.

Humanity Protocol has raised $20 million in a funding round from Pantera Capital and Jump Crypto.

Humanity Protocol is a human-powered zkEVM Layer-2 blockchain that pioneered the world’s first sybil-resistant blockchain network and aims to bring the first billion people to Web3. Its mission is to develop Proof of Humanity, provide developers with a unique human identity verification mechanism, and give users full control over their data and identity, becoming the human layer of the next-generation internet.

World Liberty Financial has raised $10 million in a funding round from Web3Port Labs.

World Liberty Financial is a decentralized platform that enables users to seamlessly earn and borrow cryptocurrencies. It combines decentralized finance (DeFi) lending protocols with rewards, allowing users to maximize asset utility while earning competitive yields. The platform focuses on accessibility and financial empowerment within the Web3 ecosystem.

Pell Network raised $3.5 million in a strategic funding round from D11-Labs, Web3Port Labs, ArkStream Capital, Taisu Ventures, Core Ventures, GoPlus Security, Astrarizon Ventures, and MultiversX.

Pell Network is a decentralized platform that specializes in providing proven services for the Bitcoin ecosystem. It focuses on enhancing the security, efficiency, and scalability of Bitcoin by providing decentralized infrastructure and services. The network combines the strengths of Bitcoin with decentralized technology to enable new use cases and performance improvements for a variety of applications.

Pixion Games (Fableborne) has raised $12.4 million in a round of funding from Delphi Digital*, Sky Mavis, L1D (L1 Digital), The Spartan Group, Animoca Brands, Yield Guild Games (YGG), Arete Capital.

Pixion Games is a Web3 game studio focused on developing action-based role-playing games, such as Fableborne, with competitive multiplayer elements and player-owned economies. Their mission is to create games that are easy to pick up, have short game sessions, and introduce a "Play-to-Own" model through blockchain technology.