According to incomplete statistics from Odaily Planet Daily, there were a total of 25 blockchain financing events announced from October 28 to November 3, an increase from the previous week's data (22 events). The disclosed total financing amount is approximately $175 million, up from last week's figure ($100 million).
Last week, the project with the highest investment amount was the blockchain solar company Glow ($30 million); the privacy security computing network Nillion followed closely ($25 million).
The following are specific financing events (Note: 1. Sorted by disclosed amount; 2. Excludes fund raising and merger events; 3. * indicates traditional companies involved in blockchain):
On October 31, blockchain solar company Glow completed $30 million in financing, led by Framework and Union Square Ventures. The company currently operates a DePIN network composed of solar power plants in the United States and India, planning to use this funding to expand from 5 megawatts to 600 megawatts over the next 18 months and to enter new countries.
On October 30, privacy security computing network Nillion announced the completion of a new round of financing totaling $25 million, led by Hack VC, with participation from Arbitrum, Worldcoin, Sei, and a number of venture capitalists and angel investors. To date, its total financing has exceeded $50 million. Currently, Nillion has partnered with several well-known blockchain projects in the crypto industry, including NEAR, Aptos, Arbitrum, Mantle, IO.net, and Ritual, with over 40 ecosystem builders within its ecosystem.
Ellipsis Labs completes $20 million new round of financing, with participation from Haun Ventures
On November 1, Ellipsis Labs announced the completion of a new round of financing totaling $20 million, with participation from Haun Ventures, aimed at accelerating the launch of the layer two blockchain Atlas focused on verifiable finance. Haun Ventures stated that this round of financing is a "quick follow-up" to Ellipsis Labs' $20 million Series A financing completed in April.
Bitcoin Rollup project Citrea completes $14 million Series A financing, led by Founders Fund
On October 31, Bitcoin Rollup project Citrea announced the completion of $14 million in Series A financing, led by Peter Thiel's Founders Fund, with participation from angel investors such as Erik Voorhees and Balaji Srinivasan. Citrea aims to transform Bitcoin into a programmable asset using zero-knowledge (ZK) technology, introducing Ethereum-like smart contract capabilities. It is reported that Citrea adopts the BitVM computing model, making it compatible with the Ethereum Virtual Machine (EVM), allowing applications on Ethereum to be deployed on Citrea without modification.
Smart contract automation network Gelato completes $11 million A+ round financing, led by Hack VC
On October 28, Gelato, focused on smart contract automation networks, announced the completion of $11 million in A+ round financing, led by Hack VC, with participation from Animoca Brands, IOSG Ventures, and Bloccelerate VC. The new financing brings Gelato's total financing amount to $23 million.
AI data collection company Sapien completes $10.5 million seed round financing, led by Variant
On October 30, AI data collection company Sapien completed $10.5 million in seed round financing, led by Variant, with participation from Primitive Ventures, Animoca, Yield Game Guild, and HF0. Sapien incentivizes data providers using USDC stablecoins or a rewards points system, and it is reported that angel investors such as YGG founder Gabby Dizon and SoftBank Vision Fund alumnus Kevin Jiang also participated in this seed round financing.
On October 28, according to official news, Bitcoin native stablecoin project bitSmiley announced the completion of $10 million in second round financing, attracting several well-known investment institutions including MH Ventures and Skyland Ventures, which will strongly support bitSmiley in expanding Bitcoin's liquidity and application scenarios in decentralized applications.
On October 29, Bitcoin liquid staking platform PumpBTC announced the completion of $10 million in seed round financing, led by SevenX Ventures and Mirana Ventures, with participation from well-known institutions such as UTXO and Mantle Ecosystem Fund, and attracting several industry partners including Quantstamp and Veda.
Spire Labs completes $7 million seed round financing, co-led by Maven 11 Capital and Anagram
On October 31, Ethereum scaling infrastructure startup Spire Labs completed $7 million in seed round financing, co-led by Maven 11 Capital and Anagram, with participation from a16z Crypto Startup Accelerator, Digital Currency Group, Bankless Ventures, Volt Capital, and Finality Capital. Spire Labs co-founder Kaito Yanai stated that the company began its seed round financing in June and completed the financing earlier this month.
Alliance Games completes $5 million Series A financing, led by Animoca Brands and Asymm Ventures
On October 31, according to official news, Alliance Games completed $5 million in Series A financing, led by Animoca Brands and Asymm Ventures, with participation from The Spartan Group, Dialectic, Kyros Ventures, Coin98 Ventures, and investors Loi Luu (co-founder of Kyber Network) and Sebastien (co-founder of The Sandbox). Including its previous seed round financing, Alliance Games' total financing amount has reached $8 million.
On October 31, Web3 game studio 81Ravens completed $4.5 million in financing, led by Gree Ventures and Digital Hearts Holdings. 81Ravens is based in Singapore and is the developer of the 3v3 arena shooting game Paravox on the Solana chain, which is currently in the global public Alpha testing phase.
On November 1, blockchain software company OpenOrigins, focused on combating deepfakes, announced the completion of $4.5 million in financing, led by Galaxy Interactive. The new funds will be used to expand its commercial team and recruit in the United States.
On November 1, security protocol Phylax Systems completed $4.5 million in seed round financing. This round of financing was led by Nascent and Figment Capital, with other participants including Robot Ventures, Hash3, Bankless Ventures, Breed VC, Public Works, Banteg, Hari Mulackal, Laurence Day, Ryan Lackey, Nic Carter, Nader Dabit, Eric Wall, and others.
On October 31, the team behind the Solana scaling infrastructure platform Termina, Nitro Labs, announced the completion of $4 million in seed round financing, led by Lemniscap, with participation from Animoca Ventures, Borderless Capital, Finality Capital, Race Capital, No Limit Holdings, Solana Foundation, Jump Crypto, Spartan, and several angel investors.
Hana Network completes $4 million financing, with participation from Orange DAO
On October 28, Hana Network, the developer behind Hypercasual Finance, announced the completion of a new round of financing totaling $4 million, with participation from Sushiswap, Alliance, and Orange DAO. The valuation for this round of financing has not been disclosed. It is reported that Hana Network aims to become a gateway for newcomers to cryptocurrency by combining blockchain P2P transactions and communication with existing social network effects.
On October 31, Monad ecosystem liquid staking protocol Magma announced the completion of $3.9 million in seed round financing, with participation from Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, and Relayer Capital. It is reported that Magma is building MEV-based liquid staking on Monad.
Crypto insurance brokerage Native secures $2.6 million seed round financing, led by Nexus Mutual
On October 29, crypto insurance brokerage Native secured $2.6 million in seed funding led by Nexus Mutual. Native will provide $20 million in on-chain insurance and operate a fund pool on Nexus Mutual. Nexus Mutual's insurance alternatives can also be accessed through a product called Base DeFi Pass across many major protocols on the Coinbase Layer 2 network.
On October 31, verifiable autonomous agent network Axal announced the completion of $2.5 million in Pre-Seed round financing, led by CMT Digital, with participation from a16z Crypto Startup School, Escape Velocity, IDG Vietnam, Artichoke Capital, Trident Digital, Blockchain Builders Fund, Blockhunters Group, Echo, and Mentat Group, as well as angel investors Rushi Manche, Darius Rugys, and Comfy Capital. As part of the Movement Labs Move Collective accelerator program, Axal plans to deploy on Movement's main chain at launch, supporting Movement DeFi applications such as Meridian and Echelon through verifiable agents.
Web3 game social platform LOScoin completes $2 million financing, led by Solana Foundation
On October 28, LOScoin, a Web3 game social platform based on the Solana chain, announced the successful completion of $2 million in financing. This round was led by the Solana Foundation, with participation from CMS Holdings, Impossible Finance, Yield Guild Games (YGG), and Monad. The LOS token for the LOScoin project will be issued on the innovative protocol launch platform AIMINT on the Solana chain, with strong support from AIMINT CEO Keone Hon.
On October 29, stablecoin project CAP Labs announced the completion of $1.9 million in Pre-Seed round financing, with participation from Kraken Ventures, Robot Ventures, ANAGRAM, ABCDE Labs, and SCB Limited. CAP Labs is building a scalable crypto-native stablecoin that provides users with various crypto-native yields, including MEV, arbitrage, and other types of returns. Its mainnet is scheduled to launch in the first quarter of 2025.
On October 29, Web3 open software library KRNL Labs completed $1.7 million in Pre-Seed round financing, with participation from TRGC, Superscrypt, Ryze Labs, Builder Capital, Blockchain Founders Fund, WAGMi Ventures, STIX, YAP Capital, and several strategic angel investors.
On November 2, Saudi Arabia-based Web3 provider Tharawat Green Exchange completed $450,000 in financing, with participation from the Web3 and blockchain investment fund Adaverse. The project aims to leverage blockchain technology for environmental sustainability, aligning with Saudi Vision 2030. The new funds will support infrastructure and blockchain development, enhance sales and marketing, and assist in obtaining Vera certification for its carbon credits.
Solana ecosystem project Streamflow completes new round of strategic financing, led by John Lilic
On October 28, Solana ecosystem project Streamflow completed a new round of strategic financing, led by John Lilic, with participation from Jump Crypto, Solana Ventures, IVC, GBV, Genblock, Hypersphere, Amber, VentureDAO, T3E, Huobi, and Primeblock, along with several angel investors. Streamflow is a comprehensive digital asset management infrastructure company dedicated to promoting the on-chain development of token-based economies.
On October 29, community-oriented Web3 content platform Libraro announced the completion of its seed round financing (Phase One), led by Ayre Ventures. Specific financing amounts and valuation information have not been disclosed. The new funds will be used to expand its Web 3 loyalty program and on-chain author identity features, prevent copyright infringement, and enhance the transparency of content ownership and distribution rights.
On November 1, on-chain game developer DelabsGames announced the completion of a new round of strategic financing, with participation from TON Ventures. Specific financing amounts and valuation information have not been disclosed. The new funds will be used to grow DelabsGames and deploy its game projects on the TON blockchain.
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