Over 9 days in December, 31 projects received $95.8 million in investments.
In particular, during the week the following received funding:
- $18 million - Babylon. The Bitcoin staking protocol has attracted investments as part of a Series A funding round. The group of investors was led by the venture capital company Polychain Capital, and other counterparties included Hack VC, Framework Vent. Fundraising began at the end of July 2023 and ended on December 7, 2023.
- $15 million – QANplatform. L1-blockchain signed an investment contract with the holding company MBK Holding. The new funding will help QANplatform further develop its technology and “expand its reach in the blockchain industry.” The platform aims to provide a secure and effective solution for companies and developers against potential “quantum computing threats.”
- $11.8 million - Mocaverse. Animoca Brands has completed the second round of financing for its project. The money will be used, in particular, to improve the loyalty system based on Realm Points. Other counterparties were: Block1, OKX Ventures, Foresight Ventures, Polygon Ventures and Dapper Labs. As before, investors received warrants for tokens.
- $9 million – Shadow. The cryptocurrency platform has attracted investments as part of a seed round of funding. The funds will be used to create solutions to reduce the costs of developing Ethereum projects. The funding round was led by Paradigm. In addition, investments came from such counterparties as Coinbase Ventures, Electric Capital, Ethereum Foundation, Uniswap, Flashbots.
- $7.5 million - Ten (Obscuro). The protocol has received funding from more than 10 funds, including DWF Labs, KuCoin Labs and Magnus Capital. The project aims to create a solution designed to encrypt transactions and improve privacy on the Ethereum network.
- $6.9 million - Sona. The streaming project closed a seed round of financing, led by the venture capital company Polychain Capital. The funds will be used to develop new platform features and expand the team. Investments also came from Haun Ventures and Rogue Capital.
- $5 million - Sindri. The infrastructure platform received funding in a seed round led by CoinFund. The funds are used to expand the team and network of developers specializing in zero-knowledge proof technology.
- $3.6 million - Curvance. The DeFi platform received investments as part of its seed round of funding from 17 investors, including Offchain Labs, Wormhole and employees from Polygon, Scroll and Curve. The company plans to use the funds to expand operations, support security audits, and attract talent to the DeFi market.
- $3 million - Gacha Monsters. The company raised investment in a seed funding round led by Animoca Brands. Also investors were: Infinity Ventures Crypto, FBG Capital, Big Time Games. The company intends to develop its GameFi platform Poglin and for this purpose has entered into strategic partnerships with Opensea, SUI and Open Loot, and has also integrated with Arbitrum.
- $2.5 million – Endless Clouds. A company developing games with NFT and tokenization elements has attracted investment. 10 companies, as well as 17 private investors, took part in the financing round. Among them: GameFi Ventures, Animoca Brands, Gabby Dizon, SkyVision Capital, Rocinante Research, 2 Punks Capital, Citizen Capital, Narcissus Ventures, OMG | Open Market Group, Momentum 6.
- $2.3 million - Versatus. The Ethereum-focused blockchain scaling startup closed a seed round of funding that raised its valuation to $50 million. Investors included NGC Ventures, Republic Crypto and Hyperithm. The company began raising funds for the round in June and closed it in August 2023.
- $2 million - Web3Labs. A company that helps blockchain startups develop their ecosystem has closed a strategic round of funding. The investors were: Waterdrip Capital, Foresight Ventures, Cipholio Ventures, NextGen, Qtum, VCB Technology.
- $2 million - Jellyverse. The decentralized platform has attracted investments as part of a seed round of funding. The funds were received by the companies developing the initial protocols for the project - Jelly Labs AG and Fintonomy LTD. Investments will be used to develop the platform, which positions itself as a DeFi 3.0 project. The company did not disclose its investors.
- $1.41 million - Gataca. The Madrid-based cybersecurity company, which specializes in decentralized identity management technologies, announced it has received investment from Signature Ventures and SBX Capital.
- $1.2 million - Candlestick. The blockchain startup announced the closing of its previous round of funding. They plan to use the new capital to create the TraderScan tool, which will help monitor the most profitable addresses.
- $1.1 million - SYMMIO. The platform, which provides solutions to facilitate over-the-counter derivatives trading, has received investments from 0x_Messi, MS2 Capital, Gametheorizing (Selini Capital), Wangarian, GMoney, IvanBrightly, Pool2Paulie, Squirrel.
- $1 million - Theta Labs. Market maker DWF Labs has invested in the Theta Labs ecosystem, which is promoting the Theta Edgecloud hybrid cloud computing blockchain platform.
- $915,000 - LandX. The agricultural finance protocol has raised funds from private investors. The official launch of the platform is scheduled for December 15, when the public offering of tokens will open. The company aims to bring agricultural assets and tokenized farmland into the DeFi ecosystem, providing farmers with seed capital in exchange for a percentage of their future harvest.
- $310,000 - TISA. The blockchain company, which provides data storage services, has received funding from Industrial Thought. The platform aims to support asset managers and distributors and provides a “single, transparent and efficient way to manage data.”
We also note that market maker DWF Labs purchased Floki tokens worth $1.25 million.
In addition, Swan Bitcoin announced that it will invest the $205 million raised over the course of the year into venture capital companies, a new hedge fund and a credit fund.
A number of other projects have attracted funding, but have not reported the amount of investment.
The Algorand Foundation has invested in Afghanistan's HesabPay digital payments platform, which operates on the Algorand blockchain. The solution was created to “solve the humanitarian aid crisis.” More than a dozen organizations have used the platform to send funds to Afghanistan.
The decentralized blockchain platform The Open Network (TON) has attracted investments from the venture arm of the KuCoin crypto exchange, the KuCoin Ventures fund. The organization intends to provide a grant to support the growth and development of the TON ecosystem. It will be aimed at developing five TON-based applications with an eye on payments and the GameFi sector.
Inspect, a service for automatically grouping all important project information that can be viewed in the Community function on X accounts, has received investments from Merit Circle and Beam. The company said the funding will help it enter the gaming industry. For now, Inspect only works with NFT projects.
The ABCDE Foundation invested in the Babylon Bitcoin staking protocol.
Pyth Network, which provides token price data on blockchains, has attracted investments from Castle Island Ventures, Multicoin Capital, Wintermute Ventures, Borderless Capital, CMT Digital, Bodhi Ventures, Distributed Global and Delphi Digital.
Data sharing protocol Carv has received strategic funding from HashKey Capital. With the new capital, the company will accelerate the development of its ecosystem.
Bezant Technologies, which “generates returns using multiple proprietary machine learning models for long-term digital asset trading,” has raised capital from Hyperithm and will use the funding to accelerate the development of its platform and launch its first product, the Bezant Absolute Returns fund.
MAP Protocol announced it has received strategic investments from Waterdrip Capital and DWF Labs. Using the protocol, users can interact with the Bitcoin network.
OKX Ventures announced an investment in StarryNift, a Web3 platform that combines gamification and the metaverse.
Rhinestone, which is building a platform that will enable a secure ecosystem for account abstraction, has completed its previous round of funding, with participation from 1kx, Safe, Lattice, Heartcore and private investors.
Top 5 funds by number of investments in the period from November 20 to 25, according to CryptoRank :
During the week, projects in the following segments attracted funding: Web3, blockchain services, blockchain infrastructure, GameFi, DeFi, CeFi, NFT and others.
Let us remind you that in November, projects in the field of Web3 and blockchain raised more than $954 million.
