According to incomplete statistics from Odaily, a total of 26 blockchain financing events were announced both domestically and overseas from July 1st to July 7th, which is an increase compared to the previous week (20 events). The disclosed total financing amount is approximately 122 million US dollars, a significant decrease compared to the previous week (288 million US dollars).
Last week, the project with the highest investment amount was the Bitcoin repledge protocol Lombard (16 million US dollars), followed closely by the distributed GPU network Prodia (15 million US dollars).
The following are specific financing events (Note: 1. Sorted by the disclosed amount; 2. Excluding fund raising and mergers and acquisitions; 3. * indicates “traditional” companies in fields related to blockchain):
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Bitcoin repledge protocol Lombard completed a seed round financing of 16 million US dollars, led by Polychain Capital. Institutions such as BabylonChain, Inc., dao 5, Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle EcoFund, and Nomad Capital also participated in the investment.
Lombard will use this financing to develop the Bitcoin repledge ecosystem and promote the subsequent development of the Bitcoin pledging protocol Babylon.
The distributed GPU network Prodia completed a financing of 15 million US dollars for AI inference solutions, with Dragonfly Capital as the lead investor. HashKey, Web3.com, Index Ventures, Symbolic Capital, OKX Ventures, and angel investors Balaji Srinivasan, Sandeep Nailwal (founder of Polygon), and Matthew Roszak (co-founder of Bloq) also participated in the investment.
Blockchain oracle service RedStone completed a Series A financing of 15 million US dollars on July 2nd, led by Arrington Capital. 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 also participated in the investment.
ZK technology verification company Pi Squared completed a seed round financing of 12.5 million US dollars on July 2nd, led by Polychain Capital. Other participants include ABCDE, Bloccelerate, Generative Ventures, Robot Ventures, Samsung Next, and angel investors Justin Drake from the Ethereum Foundation and Sreeram Kanaan from EigenLayer. The new round of financing will be used to expand the company’s planned products.
Astria, a shared sorter network, announced the completion of a financing of 12.5 million US dollars on July 1st, led by dba and Placeholder VC. Other participants include RockawayX, Maven 11, 1kx, Bankless Ventures, Figment Capital, Batu, 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 startup SendBlocks announced the completion of a seed round financing of 8.2 million US dollars on July 2nd, led by Castle Island Ventures. Pitango, Illuminate Financial, Laser Digital (Nomura), and Starkware also participated in the investment. SendBlocks allows blockchain enterprises, ecosystems, protocols, and applications to define important data for them, and its platform supports customization.
Blockchain company OpenLedger announced the completion of a seed round financing of 8 million US dollars on July 2nd, 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 announced the completion of a financing round of 6 million US dollars on July 3rd, led by Blockchain Capital. This round of financing will further promote QED to provide better performance for smart contracts, Layer 2, and various Web3 applications using its new technology.
Web3 turn-based MMO game Swords Dungeons announced the completion of a financing of 5 million US dollars on July 4th, with participation from Mirana Ventures, OKX Ventures, and other investors.
Web3 security company Mamori announced the completion of a seed round financing of 5 million US dollars on July 1st, led by Blockchain Capital. Mamori aims to enhance Web3 security by developing an algorithm that can detect blockchain software issues.
Blockchain fintech company FreeBnk announced the completion of a financing of 3 million US dollars on July 5th, led by Founderheads. Other participants include ChaiTech Ventures, LVT Capital, and Lavender Capital.
Compute Labs, a GPU tokenization protocol based on Solana, announced the completion of a pre-seed round financing of 3 million US dollars on July 4th, led by Protocol Labs. Other participants include Blockchain Coinvestors, OKX Ventures, ArkStream Capital, CMS Holdings, HashKey Capital, Amber Group, and P2 Ventures (formerly Polygon Ventures).
Chain game Cambria announced the completion of a seed round financing of 2.5 million US dollars on July 3rd, led by BITKRAFT Ventures. Other participants include 1kx and Delphi Ventures partner Piers Kicks.
Blockchain machine learning platform Onaji announced the completion of a pre-seed round financing of 2.5 million US dollars on July 4th, led by Stratos. Maven 11, Uniswap Labs Ventures, and IOSG Ventures also participated in the investment.
The blockchain-based social game platform MonkeyBit announced the completion of a seed round financing of 2 million US dollars on July 2nd, led by Middle East Web3 fund 3 KBTC Capital. Other funds, including Hongyi Labs, also participated in the investment.
The blockchain reputation network Ethos Network announced the completion of a pre-seed round financing of 1.75 million US dollars on July 3rd.
XOOB announced the completion of a financing of 1.6 million US dollars on July 5th, with participation from Chromia, Mines of Dalarnia, Alice, and other investors. This includes a 200,000 US dollars pre-seed financing and a 1.4 million US dollars incubation financing in IP form.
Monad ecosystem Monad Pad announced the completion of a financing of 945,000 US dollars on July 5th, with participation from Cogitent Ventures, CMS Holdings, CSPDAO, Zephyrus Capital, vvvdotnet, FOMO Ventures, Exnetwork Capital, Sneaky Ventures, and Legion Ventures.
Web3 blockchain development project Nycrypto Labs announced the completion of a pre-seed round financing of 800,000 US dollars on July 3rd, led by DNA Fund. Transform Ventures and a group of angel investors also participated in the investment. The specific valuation data has not been disclosed. The new funds will support the launch of the multi-chain wallet Tidus Wallet, which allows cross-chain lending and staking without leaving the application, reducing the risk associated with bridging (the process of transferring assets between different blockchain networks).
Solana ecosystem Meme project Pandiana announced the completion of a pre-seed round financing of 500,000 US dollars on July 3rd, with participation from YNK Capital, AlphaEquity Capital, and Gateron Ventures. Pandiana plans to integrate the Meme concept with the concept of earning while playing and expand the influence of the Solana ecosystem. They also plan to launch the PNDA token presale this week.
DePIN oracle project Nubila announced the launch of a new round of financing on July 1st, with lead investment 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 U2U Network, a decentralized physical infrastructure network (DePIN), announced the completion of a seed round financing on July 1st, led by IDG Blockchain. Other participants include dappOS, Pontem, Lumoz, ZkEX, Avalon, Catalyst, and Grindery.
Solayer, a Solana ecosystem repledge protocol, announced the completion of a Builders Round financing on July 2nd, with investors including Solana Labs co-founder Anatoly Yakovenko, Marinade core contributor Michael Repetny, Solend founder Rooter, Tensor co-founder Richard Wu, crypto KOL Ansem, Anza Chief Strategy Officer Jed Halfon, Drift Protocol co-founder Cindy Leow, Bonk core contributor Nom, Babylon Chain Chief Strategy Officer Xinshu Dong, Bison Trail co-founder Joseph Lallouz, Switchboard co-founder Chris Hermantis, Rio Network co-founder Alan Curtis, DCF God, wsbmod, Adam Jin from the Solana Foundation, Stan Liu from Initia, Michael Ippolito from Blockworks, Sershoku, Sandeep Nailwal from Polygon, and Apeindaily.
Piggycell, an IoT-based RWA project, announced the completion of a new round of financing on July 5th, 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 disclosed on X platform that it completed a Pre-A round financing with Binance as the lead investor in May this year, but the specific financing amount has not been revealed.
Pac Finance announced the successful completion of a financing of millions of dollars on July 2nd, with lead investment from Manifold and Mapleblock. Polychain also holds shares, and other angel investors participated in the investment. This financing round will further promote the development of Pac Finance in market expansion, team growth, project operations, and product development. In addition, with the approaching TGE, Pac Finance will soon announce detailed information about token airdrops.
