Collation: Golden Finance
This week, a total of 28 projects successfully raised funds, and the largest financing this week was Polymarket, which raised $45 million. 10 projects received pre-seed and seed round investments, and 18 projects received other rounds of financing. This week, the total amount of financing in the crypto industry reached $163.4 million.
The largest financing this week
1. Polymarket
Polymarket raised $45 million in Series B financing, led by Founders Fund*, Vitalik Buterin, 1confirmation, ParaFi Capital, and Dragonfly Capital.
About Polymarket
Polymarket is a decentralized information market platform where users can trade controversial topics and build portfolios based on their predictions. By allowing users to buy shares in the market, Polymarket provides actionable insights based on traders' views on future events, making it a major source of unbiased and real-time data. However, it is currently unable to operate in the United States due to regulatory restrictions, which leaves room for other platforms to develop.
Pre-seed and Seed Rounds
2. Focus Tree
Focus Tree raised $2 million in a seed round from Sfermion*, Volt Capital, Psalion VC, Starkware, Typhon Ventures, Foresight Ventures and Sebastien Borget.
About Focus Tree
Focus Tree is a web3 efficiency app that aims to fight social media addiction by rewarding users for minimizing their phone use. It works by allowing users to set timers to block access to other apps, and they can earn focus points when they successfully complete them. These points can then be used to cultivate a virtual garden, and the higher the points, the more valuable rewards you can get, such as new trees and garden tiles. The app fosters community engagement by encouraging users to share progress, participate in collaborative focus sessions, and support each other's productivity goals, aiming to create a vibrant ecosystem that promotes focus, productivity, and personal growth.
3. Humanity Protocol
Humanity Protocol raised $30 million in seed funding from Kingsway Capital*, Animoca Brands, Shima Capital, and Blockchain.com (Blockchain Ventures).
About Humanity Protocol
Humanity Protocol is a human-centric zkEVM layer 2 blockchain that has pioneered the world's first Sybil-resistant blockchain network and aims to bring the first billions of people to Web3. Its mission is to develop Proof of Humanity, provide developers with a unique human certification mechanism, and give users full control over their data and identity, as the human layer of the next generation of the Internet.
4. Raven
Raven raised $2.7 million in seed funding from Hack VC* and Wintermute.
About Raven
Raven is a proprietary high-frequency algorithmic trading firm and market maker operating on both centralized and decentralized exchanges. Using advanced algorithms, Raven conducts high-speed trades to exploit market inefficiencies and ensure liquidity across a variety of crypto assets and platforms. As a crypto-native organization led by DeFi, Raven DAO prioritizes integrity, fairness, and transparency, providing liquidity to multiple blockchains, DeFi protocols, and centralized exchanges, while working with new crypto projects to successfully launch tokens.
5. Shogun
Shogun raised $6.9 million in a seed round with participation from Polychain Capital*, dao5 (daofive)*, Maelstrom, Arrington Capital, Primitive, Hypersphere, Mirana Ventures, CitizenX Crypto Ventures, Meltem Demirors, Build-A-Bera, Flowdesk, The Interop Podcast, AVentures DAO, Manifold, DWF Labs, Cobie, Avi Felman, Bryan Pellegrino, Georgios Vlachos, Aniket Jindal, Altcoin Sherpa, and Soby.
About Shogun
Shogun is an intent-centric DeFi protocol focused on maximizing trader extractable value (TEV) through optimized order flow and full chain abstraction. Shogun’s cross-chain market making modules, such as DIMM (Decentralized Inter-Chain Market Maker), simplify liquidity management and provide a superior user experience for traders and liquidity providers, leveraging IBC and cross-chain accounts for dynamic rebalancing and automated strategies.
6. Hylé
Hylé raised $2.6 million in a seed round of funding with participation from Framework Ventures*, Cherry Ventures, Fabric Ventures, Frst, Heartcore Capital, Uma Roy, Vance Spencer, and Batuhan Dasgin.
About Hylé
Hylé is a minimal layer-one platform dedicated to verifying zero-knowledge proofs (ZKPs), providing a secure and decentralized settlement layer for ZKP-enabled off-chain applications. Hylé focuses on modularity and leverages existing technologies such as Cairo, Risc0, and SP1, while ensuring strong security and privacy, while providing flexibility and scalability through its dedicated consensus mechanism.
7. SPARK
SPARK raised $1.5 million in a pre-seed round with participation from Curiosity Capital, P2 Ventures (Polygon Ventures), Unicorn Factory Ventures (UF Ventures), and Fuel Network.
About SPARK
Spark is a DeFi super application on the Fuel network that integrates a range of financial services such as perpetual contracts, order books, and lending capabilities. It introduces a multi-collateral cross-margin system that supports diversified asset deposits and complex liquidation protocols for risk management. With a high-performance order book and advanced tools to facilitate non-custodial interactions, Spark attracts developers and traders seeking flexibility and enhanced trading capabilities.
8.Zest
Zest raised $3.5 million in a seed round with participation from Draper Associates*, Binance Labs Fund, Flow Traders, Trust Machines, Asymmetric Fund, Gravity Fund, Bitcoin Frontier Fund, DeSpread, Hyperithm, Miton C Fund, Tykhe Block Ventures, Primal Capital, Scimitar Capital, Elixir Capital, Gossamer Capital, and Jigeum Capital.
About Zest
Zest is an on-chain and open-source Bitcoin lending protocol that aims to make Bitcoin profitable by creating a vibrant lending ecosystem around BTC. It uses smart contracts to hold funds and issue loans on-chain in a transparent manner, thereby reducing counterparty risk, and relies on smart contracts to handle the pool of funds to ensure the security and auditability of transactions. Zest has two types of pools: earning pools, where users can earn yield in BTC, and borrowing pools, where users can borrow using their BTC or Bitcoin assets as collateral, which provides a decentralized and efficient solution for liquidity provision and utilization in the blockchain space.
9. ChainML
ChainML (formerly TheoriqAI) raised $6.2 million in a seed round led by Hack VC*, Foresight Ventures, Inception Capital (formerly OP Crypto), HTX Ventures (formerly Huobi Ventures), Figment Capital, Hypersphere, Alumni Ventures (AVG), NxGen, Antalpha Ventures, NewTribe Capital, Stateless Ventures, Bitscale Capital, Hash Capital, IOSG Ventures, LongHash Ventures, Hashkey Capital, SNZ Holding, Chainlink, Construct Ventures, and John Fiorelli.
Introduction to ChainML
ChainML is a scalable, tamper-proof protocol for decentralized machine learning and related complex data-driven computing for Web3. The Web3 AI platform also launched its proxy base layer Theoriq.
10.Baby Shark Universe
Baby Shark Universe raised an undisclosed amount in a seed round of financing participated by Animoca Brands, Credit Scend, Sui Foundation, Comma3 Ventures, Creditcoin, Notch Ventures, Planetarium, X+ (XDeGods), etc.
Introduction to Baby Shark Universe
Baby Shark Universe is a metaverse platform built on the BSC ecosystem, aiming to create a user-friendly gaming environment and build a true metaverse ecosystem. Users can interact, trade digital assets and create virtual content in a secure and decentralized environment, leveraging blockchain technology for ownership and transparency. With its foundation in the popular "Pinkfong and Baby Shark" IP, Baby Shark Universe provides a unique space where users around the world can enjoy immersive experiences in a virtual world and collaborate on innovative projects.
Other Financing Rounds
11.FantaGoal
FantaGoal raised $3 million in a round of funding from IDG Capital*, OptaJoe, KuCoin Ventures and Chain Capital.
About FantaGoal
FantaGoal (FG) is a Web3 football ecosystem that aims to build the world's largest football community. By closely integrating the world of football with blockchain technology, FantaGoal aims to bring new value and experience to millions of football fans around the world. Through innovative features such as community incentives, in-game token rewards, and simplified Web3 participation, FantaGoal seeks to change the way football fans engage with the sport, providing them with unique opportunities for participation, entertainment, and financial growth.
12. Pencils Protocol
Pencils Protocol (PenPad) raised an undisclosed amount from OKX Ventures (formerly OKEx Blockdream Ventures) in a round of funding.
About Pencils Protocol
Pencils Protocol is an innovative auction platform and yield aggregator on Scroll. By integrating zero-knowledge rollups, human-proof logins, and on-chain verifiable randomness, Pencils Protocol provides a fair launchpad and provides builders with a comprehensive Zk solution toolkit that leverages Scroll's native capabilities to enhance functionality and security.
13. Peaq
Peaq raised $20 million in a public sale round.
About Peaq
Peaq is a Layer 1 for decentralized physical infrastructure networks (DePINs). The Peaq network is committed to powering real-world applications through blockchain technology, enabling the development of decentralized protocols and applications (DePINs and dApps) across areas such as mobility, connectivity, and energy. It emphasizes building highly decentralized, scalable, and environmentally friendly infrastructure to support machines, vehicles, robots, and devices. Peaq's ecosystem aims to facilitate the tokenization of machine real-world assets (RWA) and promote innovation and adoption across industries.
14. Param Labs
Param Labs raised $7 million in a round of funding from Animoca Brands*, Delphi Ventures, Merit Circle, P2 Ventures (Polygon Ventures), Mechanism Capital, NxGen, Cypher Capital, Faculty Group, MH Ventures, Double Peak Group, and TRGC.
About Param Labs
Param Labs is a AAA game and blockchain development studio focused on creating top blockchain-integrated games where players own digital assets. Based in Europe and the United States, they are a leader in developing high-quality MMO games that aim to combine traditional games with Web3 through user-friendly experiences and sustainable ecosystems. Their projects include the multiplayer game KIRAVERSE and Pixel To Poly, a 3D game-ready avatar that can be used in Rockstar games and Fortnite.
15. Cross the Ages
Cross the Ages raised $3.5 million from Animoca Brands* and Sebastien Borget in a round of funding.
About Cross the Ages
Cross the Ages is a mobile-first collectible card game set in a world of post-apocalyptic conflict, based on seven fantasy and science fiction novels.
16. Multipool
Multipool raised $650,000 from NxGen* in a round of funding.
About Multipool
Multipool is a decentralized protocol that aims to revolutionize decentralized finance (DeFi) transactions. By addressing the challenges that exist in the current DeFi trading environment, Multipool provides traders and investors with an efficient, secure and flexible solution. Through innovative features such as independent on-chain order books, transparent auctions and repo lending, Multipool enables users to enjoy enhanced price execution, fair order execution and flexible lending options while ensuring the highest level of security and decentralization.
17.Chainstack
Chainstack raised $6 million in a round of financing from SBI Holdings, Sygnum, Azimut and Unicorn Factory Ventures (UF Ventures).
About Chainstack
Chainstack is a leading web3 infrastructure-as-a-service provider that provides developers with easy access to blockchain platforms. Focusing on high performance and enterprise-grade reliability, Chainstack enables developers to seamlessly deploy and manage blockchain nodes, enabling them to build and scale blockchain applications without the hassle of managing the underlying infrastructure.
18.STON fi
STON fi raised an undisclosed amount in a round of funding from CoinFund, Delphi Ventures, Karatage, TON Ventures, Anton Bukov and Sergej Kunz.
About STON fi
STON fi is a decentralized exchange (DEX) powered by the TON blockchain, providing users with almost zero fees, low slippage and a user-friendly interface. It operates as an automated market maker (AMM), enabling users to exchange assets without relying on a central party, and allows anyone to provide liquidity to the liquidity pool in exchange for fees. STON fi aims to make cryptocurrency trading accessible to a wide audience, prioritizing community participation and support.
19.Zeta Markets
Zeta Markets raised $5 million in a strategic round of financing from Electric Capital*, Digital Asset Capital Management (DACM), AirTree Ventures, Selini Capital, Anatoly Yakovenko, Jordi Alexander and Alex Smirnov.
About Zeta Markets
Zeta is a top uncollateralized DeFi derivatives platform that provides liquid derivatives trading for individuals and institutions.
20.Anomaly
Anomaly raised $1.5 million in a round of financing from Decasonic, Shima Capital, BreakOrbit, Round13 Capital and Zeneca.
About Anomaly
Anomaly is an AI game studio and Layer 3 blockchain innovator dedicated to reinventing the gaming industry. By combining Web3 with SocialFi and leveraging advanced AI technology, Anomaly aims to create immersive experiences that transcend traditional boundaries. Anomaly stands out for its rapid game development, AI-driven tools, and commitment to community engagement, inviting gamers and developers to join the movement for a new era of interactive entertainment.
21.Lifeform
Lifeform raised $450,000 in a public sale financing round.
About Lifeform
Lifeform is a decentralized visual digital identity (DID) solution provider. The platform's core technologies include: ultra-realistic 3D avatar creation tool; visual DID protocol; secure and innovative contract solutions; decentralized identity system for Web3 avatars; Metaverse Engine Software Development Kits (SDKs).
22.Gamic
Gamic raised $1.8 million in a round of funding from P2 Ventures (Polygon Ventures), Gate Labs, Mapleblock Capital, Mulana Capital, Double Peak Group, Momentum 6 (M6), DWeb3 Capital, LD Capital, Sandeep Nailwal, Kryptos, and Vijay Pravin Maharajan.
About Gamic
Gamic is a decentralized messaging platform designed for individuals and communities seeking to interact with Web3 products and services. The platform offers a range of management solutions tailored for friends, gamers, brands, creators, and community managers, combining the convenience of Web2 with the advantages of Web3 to promote seamless participation in a decentralized ecosystem.
23.Re
Re raised $7 million from Electric Capital* in a round of funding.
About Re
Re is a blockchain-powered reinsurance protocol. It is an RWA platform focused on providing tokenized reinsurance.
24.mint fun
Sekuya raised $1.6 million from SingularityDAO*, OIG Capital (Oracles Investment Group), Gains Associates, NewTribe Capital, SeedThrift Ventures, and Bigger Than Race VC in a round of funding.
About Sekuya
Sekuya is a Singapore-based video game company that is committed to changing the gaming industry through a community-driven approach set in an anime epic fantasy universe. Their flagship project, Sekuya Multiverse, blends the popular MOBA and RPG game genres to offer a novel gaming experience to over 250 million players worldwide. With a thriving community base in Southeast Asia and beyond, Sekuya Multiverse offers an immersive experience set in the Novae Terrae universe, where players, known as “jumpers,” customize their characters, engage in a compelling storyline, and battle to collect sekumon souls for rich rewards.
25. Fireblocks
Fireblocks raised an undisclosed amount in a funding round from HAUN Ventures.
About Fireblocks
Fireblocks is an institutional-focused cryptocurrency and digital asset platform. Fireblocks' software and APIs are used for hosting, managing treasury operations, accessing DeFi, minting and destroying tokens, and managing their digital asset operations.
26. Chainalysis
Chainalysis raised an undisclosed amount from HAUN Ventures in a round of financing.
About Chainalysis
Chainalysis is a blockchain data platform that provides data, software, and services to a variety of entities around the world. Chainalysis is trusted by government agencies, financial institutions, exchanges, and cybersecurity companies in more than 70 countries to provide them with critical data-driven solutions for investigations, compliance, and market intelligence, promoting the safe growth of cryptocurrency adoption and use.
27.UXLINK
UXLINK raised $5 million in a round of financing from SevenX Ventures, INCE Capital and Hashkey Capital.
About UXLINK
UXLINK is a Web3 social platform designed for mass adoption that enables users to create social assets and participate in cryptocurrency transactions. This innovative platform includes a series of modular Dapps covering user onboarding, social graph formation, group tools and social transactions.
28.Engines of Fury
Engines of Fury raised $550,000 in a round of public sale financing.
About Engines of Fury
Engines of Fury is a free-to-play blockchain game that aims to revolutionize the gaming industry by delivering unparalleled quality and attracting a large user base from the global Web 2 gaming community. It is a post-apocalyptic top-down shooter.
Source: Crypto Fundraising, Golden Finance
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