Financing Weekly | 24 projects received investment, Bridge received $1.1 billion in M&A financing

Compiled by: Golden Finance

This week, 24 blockchain startups received a total of $1.2 billion in financing, with the largest financing being $1.1 billion in M&A financing from Stripe for Bridge. There are 11 projects that received seed and Pre-Seed investment. 12 projects received other rounds of financing.

This week's largest financing round

Bridge received $1.1 billion in M&A financing from Stripe

Bridge is a stablecoin-based payment platform designed to simplify the global flow of funds for businesses. It provides APIs that allow businesses to seamlessly integrate stablecoins into existing financial systems to enable fast, secure and economical cross-border transactions. Companies can issue their own stablecoins, manage global financial operations, and pay employees in digital dollars. Bridge also provides solutions to expand market coverage and facilitate global transactions.

Seed and Pre-Seed Investments

BulbaSwap raised $1.3 million in its Seed round of funding

Investors include Foresight Ventures*, Morph, MEXC Ventures, and Kronos Research.
BulbaSwap is a decentralized exchange (DEX) focused on security token swaps and liquidity provision. It provides users with a diverse token trading platform, liquidity pools, and reward mechanisms, aiming to support decentralized finance (DeFi) activities through a user-friendly interface to enhance user experience.

Moonwalk Fitness raised $3.4 million in its Seed round of funding

Investors include Hack VC*, Binance Labs Fund, Reciprocal Ventures, etc.
Moonwalk is an application platform that uses Web3 technology to gamify fitness, allowing users to earn rewards by completing fitness goals. Users can earn tokens by walking or running on the platform, and can redeem them on the platform, providing users with a healthy and fun lifestyle.

Borderless raised $3.3 million in Pre-seed funding from Amity Ventures*.
Borderless provides a global stablecoin liquidity network that supports cross-border payments and financial services. The platform simplifies the payment, collection and transfer processes of enterprises through its Global Transfer Protocol (GTP), covering more than 50 countries, and making cross-border payments in an efficient and low-cost manner.

Variational raised $10.3 million in Seed funding from Bain Capital Crypto*, Peak XV Partners*, etc.
Variational is a peer-to-peer trading protocol mainly used for perpetual and universal derivatives trading. Its flagship application Omni supports thousands of pairs of leveraged perpetual contract trading, aggregating liquidity from sources such as CEX, DEX, DeFi and OTC, providing retail users with deep liquidity and fair trading conditions.

Fluid Protocol raised $3.9 million

Investors include Animoca Brands, CMS Holdings, etc.
Fluid Protocol is an over-collateralized decentralized lending platform in the Fuel ecosystem. Users can borrow stablecoin USDF with collateral assets without paying interest. The platform supports multiple collateral asset types, has a fixed collateral ratio (135%), and has no governance model.

Craftt raised $2 million

Investors are Superscrypt* and DCG.
Craftt is a decentralized infrastructure platform that aims to provide universal welfare, payment and identity solutions for the modern workforce. The platform is committed to creating a fair and frictionless working environment for freelancers and digital nomads, and providing financial security through blockchain technology.

Shuttle Labs (Genius) Raised $6M in Seed Round of Funding

Investors include CMCC Global* and Arca Fund.
Genius is a decentralized crypto exchange developed by Shuttle Labs with a focus on user autonomy. The platform supports multi-cryptocurrency trading, waives KYC requirements, and provides a convenient trading experience by eliminating bridge and handling fees.

Hata Raised $4.2M in Seed Round of Funding

Investors include Castle Island Ventures*, Nic Carter*, etc.
Hata is a global cryptocurrency exchange that allows users to buy, sell and trade crypto assets with fiat currencies. It provides a user-friendly interface, supports multiple cryptocurrencies, and provides a safe trading experience for new and experienced traders.

Azura Raised $6.9M in Seed Round

Investors include Initialized Capital* and Volt Capital.
Azura is a complete decentralized platform that provides non-custodial trading applications for DeFi assets. The platform supports real-time market data, cross-chain interoperability, and secure transactions, focusing on MEV protection and data-based trading decisions.

Echo Protocol Raised Undisclosed Amount

Investors include The Spartan Group*, ABCDE Capital, and others.
Echo is a decentralized protocol focused on BTC liquidity and DeFi. Its product aBTC is a token pegged 1:1 to Bitcoin that supports DeFi interoperability in multiple ecosystems.

Ordzaar Raises $2M in Seed Round

Investors include LongHash Ventures*, Sora Ventures, and others.
Ordzaar is an NFT marketplace focused on Bitcoin Ordinals, allowing users to buy, sell, and trade inscriptions on the Bitcoin blockchain, simplifying the process for artists to display and manage digital works.

Other Financing Rounds

STOKR Raises $8M in Strategic Financing Round from Fulgur Ventures*

STOKR is a digital investment platform focused on tokenized securities. It provides a platform for small and medium-sized enterprises (SMEs) to raise funds by issuing compliant security tokens directly to investors. STOKR aims to democratize investment opportunities and enable investors to participate in innovative projects while ensuring compliance and transparency.

BlueMove Raises Undisclosed Amount in Round Led by Victus Capital

BlueMove is a community-driven NFT marketplace and launchpad for the Aptos and Sui ecosystems. It allows users to trade, buy, and sell NFTs, while providing creators with tools to launch and manage projects. BlueMove integrates a reward mechanism for users and creators, promoting active participation through trading and staking incentives.

Hana Network Raises $4M in Round Led by Binance Labs Fund, SushiSwap, Orange DAO, Morph, Hadron, pSTAKE Finance, Kelp DAO, and Dewhales Capital

Hana Network is a blockchain-based platform dedicated to hyper-casual finance, focused on building a seamless Web4 ecosystem. It combines decentralized finance (DeFi) and social network effects to enable users to interact, play games, and earn rewards. Hana Network combines elements of traditional finance with decentralized technology, valuing user engagement and community interaction to drive its ecosystem.

Skyfire Raises $1 Million in Round Led by Coinbase Ventures and a16z Crypto Startup Accelerator (CSX)

Skyfire is a financial platform designed for the AI ​​economy that enables AI agents to autonomously discover, pay for, and monetize services, data, and infrastructure. It provides an SDK to facilitate payment automation, agent identity creation, and trusted transactions in decentralized networks.

Bluesky Raises $15 Million in Series A Funding Led by Blockchain Capital*, Alumni Ventures (AVG), True Ventures, SevenX Ventures, and Eterna Capital

Bluesky is a decentralized social media platform dedicated to building a new federated social network. It leverages the AT protocol, providing users with control over their data and enabling them to maintain their social identity while switching between different networks. Bluesky emphasizes a user-owned ecosystem with enhanced privacy and content management.

Validation Cloud Raises $10M in Round Led by True Global Ventures*

Validation Cloud is a Web3 infrastructure platform focused on providing scalable and compliant infrastructure for enterprises entering the Web3 space. Validation Cloud provides premium node and staking infrastructure to networks, developers, and asset managers around the world.

Party Icons Raises $9M

Private round led by BITKRAFT Ventures*, IDG Capital, Gam3Girl Ventures, Mantle Network, King River Capital, Mask Network, Yield Guild Games (YGG), Zentry, 32bit Ventures, Eden Holdings (ED3N Ventures), Palm Drive Capital, Sebastien Borget, and Cristian Manea.

Party Icons is a Web3 mobile gaming platform that combines social party games with the excitement of a draw shooter. It offers three unique game modes designed as quick play experiences under 12 minutes, catering to modern gaming habits. The platform aims to combine social interaction with intense gameplay, bringing "episodic" entertainment to casual and competitive players.

Karpatkey has raised $7 million in a funding round led by AppWorks, Wintermute, Borderless Capital, Thanefield Capital, Stake Capital, Saison Capital, Zeal Capital, G20 Group, Stani Kulechov, Fernando Martinelli, Stefan George, Martin Köppelmann, Marc Zeller and Wonderland.

Karpatkey provides treasury and risk management services for DAOs, helping decentralized organizations maintain capital through DeFi strategies. It focuses on trust-minimized execution and advanced risk management to optimize DAO treasury operations. Karpatkey aims to support DAOs and ensure their long-term financial sustainability.

Propine has raised an undisclosed amount in an M&A funding round led by Komainu.

Propine is an enterprise-grade digital asset custodian that provides tokenization, custody, trading, and DeFi solutions. It is the first CMS-licensed custodian in Asia, authorized by the Monetary Authority of Singapore. Propine provides secure, scalable solutions to institutional clients, including banks, exchanges, and asset managers, with a focus on compliance and investor protection. The platform enables secure storage and management of digital and fiat assets, providing tokenization and white-label services.

**Opti Games (Sparkball)* has raised $2 million in a funding round led by L1 Digital, CMS Holdings, Yield Guild Games (YGG), Gam3s gg, Impossible Finance, XBorg, SkyGG, and Yurei.

Opti Games is a game development studio focused on developing fun and engaging multiplayer games. Their current project is Sparkball, a 4v4 "sports fighting game" that combines elements of League of Legends, FIFA, and Rocket League.

**B² Network (Bsquared Network)raised an undisclosed amount in a funding round led by The Spartan Group, Animoca Ventures, Alliance DAO (ex DeFi Alliance), P2 Ventures (Polygon Ventures), Cypher Capital, Candaq Fintech Group, FutureMoney Group, Skyland Ventures, TPC Ventures, and Maxx Capital Official.

B² Network is a practical Bitcoin Layer-2 solution that leverages zero-knowledge proofs to verify commitment rollups. It increases transaction speed, reduces costs, and expands application diversity, including compatibility with the Ethereum Virtual Machine (EVM). The network envisions a future where Bitcoin becomes a multi-functional platform that seamlessly interacts with a variety of financial services and decentralized applications, reviving a culture of builders through positive contributions and innovation.

Port3 Network has raised an undisclosed amount in a funding round led by OOKC Group.

Port3 is a one-stop platform that builds a social data layer by aggregating and standardizing off-chain/on-chain data to create, leverage, and grow users' Web3 identities.