38 projects raised $540.6 million; Figure raised $200 million

Compiled by Golden Finance

This week, 38 blockchain startups raised a total of $540.6 million in funding.

The largest funding round this week

Figure raised $200 million from Sixth Street in a round of funding.

Figure is a blockchain technology startup that uses the Provenance Blockchain to provide loan origination, equity management, and payment services. It is considered a global unicorn company that aims to change the financial services industry by bringing speed, efficiency, and savings to consumers and institutions.

Seed and pre-seed round investments

Orochi Network raised $12 million in seed round financing from Presto Labs, Smape Capital, Anti Capital, Maxx Capital Official, Aza Ventures, Connectico Capital, Kyros Ventures, Titans Ventures, Bolts Capital and other institutions.

Orochi Network is a pioneering verifiable data infrastructure designed to address scalability, privacy, and data integrity challenges in the blockchain ecosystem. By leveraging advanced cryptographic techniques such as zero-knowledge proofs (ZKPs) and multi-party computation (MPC), Orochi provides high-performance, secure, and cost-effective solutions for Web3 applications. Its product suite includes zkDatabase, zkMemory, Orocle, Orand, and OroSign, all designed to enhance data availability and verifiability on decentralized platforms.

Finisterra Labs (Baselight) Raised $3.8M in Seed Round from HAUN Ventures* and Lightshift.

Finisterra Labs is a decentralized data infrastructure platform that enables discovery, querying, and monetization of structured data through Baselight. Using blockchain technology, it creates a universal repository for data sharing, analysis, and community-driven collaboration.

Ligero Inc. (Ligerton) Raised $4M in Seed Round from Galaxy Digital*, 1kx*, Franklin Templeton, Nascent, Anagram, Robot Ventures, Digital Currency Group (DCG), Snackclub, Daniel Lubarov, Waikit Lau, and others.

Ligero Inc. provides a high-speed, scalable security and data privacy platform leveraging zero-knowledge proofs (ZKPs). Their Ligetron toolchain enables developers to build privacy-preserving applications with minimal technical expertise, supports client-side proofs directly in the browser, and easily scales for Layer 2 and zkML applications. Ligero’s solutions are targeted at industries that require strong security, privacy, and compliance, providing modular chains, decentralized identity, and verifiable computation without the need for extensive hardware.

Shaga raised $4M in seed funding from IOSG Ventures*, Amber Group, Arca Fund, HASH CIB (Crypto Investment Bank), Memetic Digital, Everyrealm, Syndika, MH Ventures, 3rd Street Capital, ATOM Accelerator, Vanta, P.E.S.T – DAO, Echo and others.

Shaga is a decentralized gaming network that transforms personal devices into computing nodes, enabling users to earn passive income by allowing others to connect and play games through their idle hardware. This innovative platform provides a low-latency, high-performance gaming experience, leveraging a distributed local network to minimize latency and optimize the gaming experience. Shaga aims to revolutionize the gaming industry by providing a decentralized, scalable solution that eliminates the need for data centers and provides a seamless Netflix-like gaming experience.

Truesense raises an undisclosed amount in a seed round from The Hashgraph Association (THA) and Magic Spectrum.

Truesense is Europe’s leading AI-driven ultra-wideband (UWB) technology company, specializing in smart nodes for ranging, radar, and secure communications. Its solutions power industries such as IoT, security, healthcare, and mobility, integrating AI and blockchain for secure real-time interactions and asset tracking.

Aegis raises $2 million in a pre-seed round from Dewhales Capital* and Profluent Ventures.

Aegis is a startup developing YUSD, a Bitcoin-backed stablecoin designed to operate independently of the fiat banking system. Aegis aims to provide a fully transparent, yield-generating stablecoin that protects users’ wealth from fiat hyperinflation. YUSD leverages Delta-neutral Bitcoin collateral and distributes profits directly to holders without the need for staking.

Torch Finance Raised $1.5M in pre-seed funding from TVM Ventures*, Michael Egorov*, Yenwen Feng.

Torch Finance is a professional and user-friendly stablecoin exchange protocol on The Open Network (TON) blockchain. It facilitates low-slippage swaps between assets of similar value, including Liquid Staking Derivatives (LSDs), stablecoins, and wrapped tokens. Torch Finance aims to enhance liquidity and interoperability within the TON ecosystem by enabling efficient cross-chain asset swaps.

Imua (formerly Exocore) raised $5M in seed funding from Draper Dragon*, No Limit Holdings (NLH), Paramita, Reforge, Caladan, Tane, Syntax Capital, MH Ventures, Lecca Ventures, 57Blocks.

Imua is a Layer 1 blockchain for shared security that aggregates decentralized trust through re-staking and extends it to off-chain applications such as AI. By leveraging the security of Bitcoin, Ethereum, XRP, and Solana, Imua builds a bridge of trust between blockchain and traditional industries.

Tenor Labs Raised $2.5M in Seed Round from Cherry Crypto*, Coinbase Ventures, Lattice Fund, ATKA, Curved Ventures, Re7 Labs, Daedalus, Very Early Ventures, LukeYoungblood, Will Price, Batuhan Dasgin.

Tenor Finance is a non-custodial, self-executing protocol that enables lenders and borrowers to conduct fixed-rate transactions on the blockchain. Deployed on top of existing money markets, Tenor provides efficient and flexible interest rate automated market makers (AMMs), allowing users to set preferred borrowing and lending rates across a variety of tenors. The protocol seamlessly integrates with platforms like Uniswap V4, leveraging custom AMMs designed specifically for interest rate swaps. Tenor’s smart contracts are public, audited, and run without governance, inheriting risk parameters from the underlying money markets to ensure transparency and security.

Memes Lab Raised $2.3M in Seed Round from Lemniscap*, TVM Ventures, Animoca Brands, OKX Ventures (formerly OKEx Blockdream Ventures), GSR Markets LTD, Amber Group, Mirana Ventures, KuCoin Ventures.

Memes Lab is a Telegram-based super-app built on The Open Network (TON) blockchain, designed to serve as a meme infrastructure and application platform. It enables users to create, share, and monetize memes, fostering an engaging community where fun meets profit potential. By combining Web3 attention mechanisms with Web2 distribution strategies, Memes Lab provides an environment for meme coins to thrive and users to earn rewards.

Other Investment Rounds

Electron Labs Raised an undisclosed amount from Stake Capital in a funding round.

Electron Labs is a general purpose ZK proof aggregation layer built on Ethereum that leverages light clients and zero-knowledge proofs to maintain decentralization. By using UPA, Electron merges proofs from multiple sources into a single super proof, effectively reducing the cost per use case.

Sealance Raised an undisclosed amount from Forte Ventures in a round of acquisition funding.

Sealance is a blockchain-based trust platform focused on privacy, identity, and compliance, based on advanced mathematics, cryptography, and zero-knowledge proofs.

Optimum Raised Undisclosed Amount in an Angel Round from Sandeep Nailwal, Will Price, Zaki Manian, Rand Hindi, Ben Fisch, Richard Ma, Heslin Kim.

Optimum is a high-performance memory infrastructure for any blockchain. Powered by Randomized Linear Network Coding (RLNC), it significantly increases network speed, robustness, and throughput, improving the performance and user experience of decentralized applications.

Prime Intellect Raised $15M in a Round from Founders Fund*, Menlo Ventures, Balaji Srinivasan.

Prime Intellect is a decentralized AI platform that democratizes AI development through global compute aggregation and collaborative model training. It provides developers with affordable compute resources and a sustainable open source model to foster innovation in AI research and development.

MelodAI Raised an undisclosed amount from LF Labs*, Becker Ventures, Web3Link in a funding round.

MelodAI is an AI Generated Content (AIGC) and multimodal AI agent platform that leverages artificial intelligence to analyze text or audio input to generate original music tracks tailored to user content. This innovative approach enhances creativity in music creation, allowing users to seamlessly generate personalized and high-quality audio.

Spheron Network Raised an undisclosed amount from Tykhe Block Ventures, Arcanum Ventures, HASH CIB (Crypto Investment Bank), Nexus Venture Partners, Protocol Labs, Consensys Mesh, Paradigm Shift Capital, Zee Prime Capital, Filecoin in a strategic funding round.

Spheron Network is a decentralized computing platform that connects developers and enterprises with independent GPU providers to deliver on-demand processing power. It provides instant access to scalable GPU resources without having to manage complex infrastructure, facilitating efficient deployment and scaling of applications.

FanTV Raised $3 million from Mysten Labs, Cypher Capital, CoinSwitch, Illuminati Capital in a strategic round of financing.

FanTV is an AI-driven content creation platform based on the Sui blockchain that enables users to produce and share a variety of digital media such as music, videos, podcasts, web series, and vlogs. The platform provides advanced AI tools, digital rewards, and personalized creator tokens, enabling creators to monetize their work and directly interact with their audience.

insiDeX Raised an undisclosed amount from Bluefin in a round of acquisition financing.

insiDeX is a DeFi analytics and trading platform on Sui Network that provides data-driven insights and a seamless trading experience. It offers real-time market analysis, price charts, and security checks to enable users to make informed trading decisions. Features include a "Meme Zone" for discovering trending tokens and a robust copy trading infrastructure for spot and perpetual markets.

Ethena Labs Raised $16M from MEXC Ventures in a funding round.

Ethena is a startup that is developing the first "Internet Bond" and a new Ethereum-based stablecoin, USDe, which achieves stability by shorting Ethereum using perpetual contracts to hedge against price volatility. Their savings bonds provide individuals around the world with a dollar-denominated savings tool with the benefits of decentralized finance.

Raise Raise raises $63 million in a strategic round of funding from HAUN Ventures*, Paper Ventures, Selini Capital, GSR Markets LTD, Raj Gokal.

Raise is a leading digital prepaid and retail payments platform that enables consumers to save money and earn rewards on every purchase. Founded in 2013 and headquartered in Chicago, IL, Raise offers a marketplace where users can buy and sell gift cards from a variety of brands at discounted prices. The platform has transformed traditional gift cards into a powerful payment mechanism that can be used at more than 300,000 retail stores nationwide. In addition to its marketplace, Raise has developed products such as Slide, a mobile payment app that gives users 4% cash back at a wide range of retailers. Since its inception, Raise has saved millions of consumers more than $150 million and has raised $147 million in funding from investors including Accel, PayPal, New Enterprise Associates, and Bessemer Venture Partners.

SimpleHash Raised an undisclosed amount from ARCH Emerging Markets Partners in a round of funding.

SimpleHash is a multi-chain token and NFT data platform that provides developers with real-time access to metadata, market prices, and media for over 80 blockchains. Its unified API enables token data to be seamlessly integrated into applications, supporting use cases such as wallets, marketplaces, games, finance, and analytics.

Vortex Raised $893,000 from Blue Star Capital, Danny Masters, Meinhard Benn, Alexander Wilke in a round of funding.

Vortex by SatoshiPay is a DeFi platform focused on Latin America and Europe that enables seamless crypto-to-fiat conversions and provides direct bank transfers. It offers an FX-optimized DEX, low fees, fast settlement, and non-custodial security for digital asset withdrawals.

Endless Raised $1 million from Foresight Ventures in a round of funding.

Endless is a Web3 Genesis Cloud platform that seamlessly integrates advanced AI capabilities with blockchain technology. It provides developers with a comprehensive set of tools for building decentralized applications (DApps) without delving into the complexity of the underlying blockchain. Key features include a distributed computing platform for high scalability, decentralized storage to ensure data sovereignty, and a cross-chain bridge tool for secure multi-chain asset transfers.

GEODNET Raised $8 million from Multicoin Capital*, ParaFi Capital, Digital Asset Capital Management (DACM) in a strategic round of funding.

GEODNET is a decentralized network that combines real-world earth observation with blockchain technology, aiming to collect geospatial data from space weather stations around the world and provide secure and trusted data products. Participants contribute to the network by installing geodetic-grade GNSS antennas on their rooftops and are rewarded with GEOD tokens.

Bitwise Raised $70M in a funding round from Electric Capital, MassMutual Ventures (MMV), MIT Investment Management Company, Highland Capital Partners, HAUN Ventures, ParaFi Capital, Khosla Ventures, General Catalyst, Blockchain Coinvestors, Nikesh Arora.

Bitwise is a crypto asset manager known for managing the world’s largest crypto index fund and groundbreaking investment products covering Bitcoin, Ethereum, DeFi, and crypto stock indices.

Mavryk Network Raised $5.2M in a funding round from Ghaf Capital Partners, Big Brain Holdings, Cluster Capital, Metavest Capital, Collective Ventures.

Mavryk Network is a Layer 1 blockchain that aims to connect real-world assets (RWAs) with decentralized finance (DeFi), creating a secure and accessible digital economy. By simplifying RWA tokenization and DeFi integration, Mavryk enables users to trade tokenized assets such as real estate, bonds, and commodities on seamless secondary markets.

OpenPassport Raised an undisclosed amount from Self Protocol in a round of M&A funding.

OpenPassport is a decentralized identity platform that enables users to verify their human identity and specific attributes while preserving privacy. Utilizing zero-knowledge proofs, it allows individuals to generate verifiable credentials from a government-issued passport without exposing personal data. Applications can integrate OpenPassport to ensure user authenticity, prevent bot attacks, and enhance security for a variety of use cases, including airdrops, social media, quadratic funding, identity verification, and wallet recovery. The platform is open source and supported by the Ethereum Foundation.

Lockchain ai Raised $5M in a Series A funding round from White Star Capital*, Lerer Hippeau, Arrington Capital, Sonic Boom Ventures.

Lockchain ai is a blockchain asset risk management platform that leverages generative AI for real-time portfolio risk analysis and monitoring. It provides traders and asset managers with continuous due diligence, instant risk notifications, and predictive impact analysis to make informed decisions at scale. Powered by generative AI, Lockchain ai provides traders and asset managers with real-time insights, instant notifications, and predictive impact analysis to make informed decisions in blockchain asset trading.

Morpheus Labs Raised $430,000 in a Series A funding round from Ficus Capital*, Startup Five Investment, Pei-Han Chuang.

Morpheus Labs is a blockchain development solutions provider that offers the SEED Platform - a comprehensive low-code environment designed to accelerate Web3 application development. The platform features AI-driven tools such as Web3 Workflow Studio and Smart Contract Studio, enabling developers to efficiently create, test, and deploy blockchain applications across multiple chains.

Aurum Raised $12M in a funding round.

Aurum is an AI-driven crypto asset management platform that provides secure and automated tools for individuals and institutions to manage cryptocurrency portfolios. Its ecosystem includes the Aurum Card for seamless crypto spending, the AI-Trader EX bot for advanced trading, NFT licenses for exclusive tool access, staking mechanisms, a neo-bank for asset management, and a decentralized exchange.

Ethena Labs Raised $100M from Franklin Templeton, Polychain Capital, Pantera Capital, Dragonfly Capital, F-Prime Capital, Stix in a private funding round.

Ethena is a startup developing the first “internet bond” and a new Ethereum-based stablecoin, USDe, that achieves stability by using perpetual contracts to short Ethereum to hedge against price volatility. Their savings bonds provide individuals around the world with a dollar-denominated savings vehicle with the benefits of decentralized finance.

Vana Raised an undisclosed amount from YZi Labs (formerly Binance Labs) in a funding round.

Vana is building a decentralized network of user-owned data pools, enabling individuals to monetize their personal data. Vana’s DAO allows members to pool data from platforms like Reddit, LinkedIn, and X. These data pools are sold to AI researchers, providing users with a new revenue stream.

MemeMarket Raised Undisclosed Amount from Crypto Times, IBC Group in a Round of Angel Funding.

MemeMarket is the first decentralized meme coin prediction market game. The project combines a social community layer with cutting-edge crypto tools, including an AI Meme Assistant, to make research, buying, and investing easier, safer, and smarter. Powered by SVM (Solana Virtual Machine), MemeMarket aggregates meme coins, unifying users and liquidity under one seamless platform. MemeMarket aims to solve challenges in the meme coin market, simplify access, and find the next big hit.

Meebit Company (MeebCo) Raised $3 million from 1confirmation in a round of funding.

MeebCo manages the Meebits NFT collection and intellectual property. Meebits are 20,000 unique 3D voxel characters on Ethereum used as avatars for games, the metaverse, and digital collectibles.

EthicHub (Ethix) Raised $1M from ByBit in a funding round.

EthicHub is a blockchain-based peer-to-peer crowdlending platform connecting unbanked smallholder farmers with global investors. By facilitating affordable loans, it enables farmers to increase productivity and access international markets, while providing investors with the opportunity to generate financial returns with a positive social and environmental impact.

Imua (formerly Exocore) Raised an undisclosed amount from Shima Capital in a funding round.

Imua is a Layer 1 blockchain for shared security that aggregates decentralized trust through re-staking and extends it to off-chain applications such as AI. By leveraging the security of Bitcoin, Ethereum, XRP, and Solana, Imua builds a bridge of trust between blockchain and traditional industries.