According to incomplete statistics from Odaily, a total of 26 blockchain financing events were announced at home and abroad from July 1st to July 7th, an increase from the previous week’s 20. The disclosed total financing amount is approximately $122 million, a significant decrease from the previous week’s $288 million.
Last week, the project with the highest investment amount was the Bitcoin repledge protocol Lombard ($16 million), followed by the distributed GPU network Prodia ($15 million).
The specific financing events are as follows (Note: 1. Sorted by the disclosed amount; 2. Excluding fund raising and M&A events; 3. * indicates “traditional” companies in fields related to blockchain):
Bitcoin repledge protocol Lombard completed a $16 million seed round financing, led by Polychain Capital. Other participating institutions include BabylonChain, Inc., dao 5, Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle EcoFund, and Nomad Capital. Lombard will use this financing to develop the Bitcoin repledge ecosystem and promote the subsequent development of the Bitcoin pledge protocol Babylon.
Distributed GPU network Prodia completed a $15 million financing round, led by Dragonfly Capital. Other participating investors include HashKey, Web3.com, Index Ventures, Symbolic Capital, OKX Ventures, as well as angel investors Balaji Srinivasan, Sandeep Nailwal (founder of Polygon), and Matthew Roszak (co-founder of Bloq).
Blockchain oracle service RedStone completed a $15 million Series A financing round, led by Arrington Capital. Other participants include Kraken Ventures, SevenX Ventures, White Star Capital, Spartan Group, Amber Group, IOSG Ventures, as well as angel investors Smokey the Bera and Homme Bera from Berachain, Mike Silagadze, Jozef Vogel, and Rok Kopp from Ether.Fi, and Amir Forouzani, Jason Vranek, and Christina Chen from Puffer Finance.
ZK technology verification company Pi Squared completed a $12.5 million seed round financing, led by Polychain Capital. Other participants include ABCDE, Bloccelerate, Generative Ventures, Robot Ventures, Samsung Next, as well as angel investors Justin Drake from the Ethereum Foundation and Sreeram Kanaan from EigenLayer. The new financing will be used to expand the company’s planned products.
Shared sorting network Astria completed a $12.5 million financing round, led by dba and Placeholder VC. Other participants include RockawayX, Maven 11, 1kx, Bankless Ventures, Figment Capital, Batu, as well as angel investors Yuki, DCBuilder, Hasu, Will Price, and Jason Yanowitz. The new funds will be used to continue building the Astria sorting layer and Astria Stack.
Blockchain data management company SendBlocks completed an $8.2 million seed round financing, led by Castle Island Ventures. Other participants include Pitango, Illuminate Financial, Laser Digital (Nomura), and Starkware. SendBlocks allows blockchain enterprises, ecosystems, protocols, and applications to define important data for them, and its platform supports customization.
Blockchain company OpenLedger completed an $8 million seed round financing, led by Polychain Capital and Borderless Capital. Other participants include HashKey Capital, Finality Capital, Hash 3, STIX, MH Ventures, Sreeram Kannan from EigenLayer, Sandeep Nailwal from Polygon, and Kenny Li from Manta.
ZK-native protocol QED completed a $6 million financing round, led by Blockchain Capital. This round of financing will further promote QED’s use of its new technology to provide better performance for smart contracts, Layer 2, and various Web3 applications.
Web3 turn-based MMO game Swords Dungeons completed a $5 million financing round, with participation from Mirana Ventures, OKX Ventures, and others.
Web3 security company Mamori completed a $5 million seed round financing, led by Blockchain Capital. Mamori aims to enhance Web3 security by developing an algorithm that can detect blockchain software issues.
Blockchain fintech company FreeBnk completed a $3 million financing round, led by Founderheads. Other participants include ChaiTech Ventures, LVT Capital, Lavender Capital, and others.
Compute Labs, a GPU tokenization protocol based on Solana, completed a $3 million Pre-Seed round financing, led by Protocol Labs. Other participants include Blockchain Coinvestors, OKX Ventures, ArkStream Capital, CMS Holdings, HashKey Capital, Amber Group, and P 2 Ventures (formerly Polygon Ventures).
Chain game Cambria completed a $2.5 million seed round financing, led by BITKRAFT Ventures. Other participants include 1kx, Delphi Ventures partner Piers Kicks, and other angel investors.
Blockchain machine learning platform onaji completed a $2.5 million Pre-Seed round financing, led by Stratos. Other participants include Maven 11, Uniswap Labs Ventures, IOSG Ventures, and others.
On-chain social gaming platform MonkeyBit completed a $2 million seed round financing, led by 3 KBTC Capital. Other participants include Hongyi Labs and other funds.
Ethos Network, an on-chain reputation network, completed a $1.75 million Pre-Seed round financing participated by the on-chain community.
XOOB completed a $1.6 million financing round, with participation from Chromia, Mines of Dalarnia, Alice, and others.
Monad Pad, part of the Monad ecosystem, completed a $945,000 financing round, with participation from Cogitent Ventures, CMS Holdings, CSPDAO, Zephyrus Capital, vvvdotnet, FOMO Ventures, Exnetwork Capital, Sneaky Ventures, Legion Ventures, and others.
Web3 blockchain development project Nycrypto Labs completed an $800,000 Pre-Seed round financing, led by DNA Fund. Other participants include Transform Ventures and a group of angel investors. The specific valuation data has not been disclosed. The new funds will support the launch of the Tidus Wallet, a multi-chain wallet that allows cross-chain lending and staking without leaving the application, to reduce the risks associated with bridging (the process of transferring assets between different blockchain networks).
Solana ecosystem Meme project Pandiana completed a $500,000 Pre-Seed round financing, with participation from YNK Capital, AlphaEquity Capital, and Gateron Ventures. Pandiana plans to integrate the Meme concept with the play-to-earn concept and expand the influence of the Solana ecosystem.
DePIN oracle project Nubila launched a new round of financing, with participation from IoTeX and VeChain + Boston Consulting Group. Other participants include OrangeDAO, MH Ventures, Future Money Group, SNZ Capital, DePINsurf, Kronos Research, Taisu Ventures, Bytetrade, WaterDrip, Deepin Lab, Assembly Partners, Cyber, Radiance Ventures, and Genopets.
DePIN project U 2 U Network completed a seed round financing, led by IDG Blockchain. Other participants include dappOS, Pontem, Lumoz, ZkEX, Avalon, Catalyst, and Grindery.
Solana ecosystem repledge protocol Solayer completed a Builders Round financing, with investors including Anatoly Yakovenko from Solana Labs, Michael Repetny from Marinade, Rooter from Solend, Richard Wu from Tensor, Ansem (crypto KOL), Jed Halfon from Anza, Cindy Leow from Drift Protocol, Nom from Bonk, Xinshu Dong from Babylon Chain, Joseph Lallouz from Bison Trail, Chris Hermantis from Switchboard, Alan Curtis from Rio Network, DCF God, wsbmod, Adam Jin from Solana Foundation, Stan Liu from Initia, Michael Ippolito from Blockworks, Sershoku, Sandeep Nailwal from Polygon, and Apeindaily.
IoT-based RWA project Piggycell completed a new round of financing, with participation from Internet Computer (ICP). The specific financing amount and valuation information have not been disclosed. After this round of financing, Piggycell will join the ICP Olympus Accelerator Program.
UniSat completed a Pre-A round financing led by Binance in May, with the specific financing amount undisclosed.
Pac Finance completed a million-dollar financing round, led by Manifold and Mapleblock. Polychain also holds shares, and other angel investors participated. This financing will further promote the development of Pac Finance in market expansion, team growth, project operations, and product development. In addition, with the upcoming TGE, Pac Finance will soon announce detailed information about token airdrops.
