Weekly Funding Update | 9 Projects Receive $54.6 Million in Funding (September 8-14)
This week’s funding rounds were primarily concentrated in the CeFi sector. Blockchain private equity firm Inversion Capital secured the largest seed funding round, raising $26.5 million. Munich-based digital asset custody service provider Tangany, which announced a €10 million Series A funding round, was second.
The following are specific financing events (Note: 1. Sorted by the amount of funds announced; 2. Excludes fund raising and mergers and acquisitions; 3. * indicates companies in “traditional” fields whose businesses are partially involved in blockchain):
Inversion Capital Completes $26.5 Million Seed Round, Led by Dragonfly Capital
On September 9, Inversion Capital, a blockchain-focused private equity firm, announced the completion of a $26.5 million seed round of financing, led by Dragonfly Capital, with participation from VanEck, Lightspeed Faction, ParaFi Capital, Portal Ventures, Mirana Ventures, Metalayer Ventures, Volt Capital, HashKey Capital, Race Capital, Balaji Srinivasan, Wintermute Ventures, Moonrock Capital, Breed VC, Topology, Casey K. Caruso, Bodhi Ventures, Lvna Capital, Escape Velocity, Folius Ventures, Comfy Capital, as well as Mike Dudas, Bryan Pellegrino, Jason Yanowitz, Andrew Steinwold, DCF God, Joshua Lim and other individuals and institutions.
Digital asset custody company Tangany completes €10 million Series A funding round
On September 8, Munich-based digital asset custody service provider Tangany announced the completion of a €10 million Series A funding round led by Baader Bank, Elevator Ventures, a venture capital firm under Raiffeisen Bank International, and Heliad Crypto Partners, the digital asset investment firm of Heliad AG, with participation from HTGF and Nauta Capital. The company is currently regulated by the German Federal Financial Supervisory Authority (BaFin) and provides custody services to 암호화폐 trading platforms such as eToro and Bitvavo. The new funds will support its efforts to optimize European financial infrastructure.
Tetra Digital Group Completes $10 Million in Financing, with Urbana Corporation and Other Investors
On September 8, digital asset infrastructure provider Tetra Digital Group announced a $10 million financing round from Urbana Corporation, Wealthsimple, Purpose Unlimited, Shakepay, ATB Financial, National Bank, and Shopify. The new funds are intended to support the launch of a stablecoin backed by Canadian fiat currency.
RuneSoul Completes $4 Million in Funding, Led by Bitgo Capital
On September 12th, RuneSoul announced the completion of a $4 million strategic funding round led by Bitgo Capital, with participation from AccelByte Fund and IGC Guild. This round of funding will accelerate RuneSoul’s global expansion, build the next-generation Web 3 gaming infrastructure, and deepen the implementation of GameFi 4.0 and SocialGameFi. According to official data, the number of coin holding addresses has exceeded 30,000.
On September 9th, institutional staking 시장 Gyld Finance announced the completion of a $1.5 million pre-seed funding round led by Lightshift. Founded by Abbas Ali (former Head of Product at JPMorgan Kinexys) and Ruchir Gupta (former Head of Treasury and Options Trading at GSR), Gyld Finance is developing regulated financial market infrastructure to transform staking rewards into a tradable institutional asset class.
On September 9, Recoveries, a blockchain data analysis and digital asset recovery service provider, announced the completion of a strategic round of financing of 1 million Swiss francs, led by VerifyVASP and participated by a group of angel investors. The new funds are intended to accelerate the development of its AI-enhanced blockchain investigation management system that supports cross-chain investigations, thereby simplifying the digital asset recovery process for global exchanges, banks, insurance companies and law firms.
DeFi studio Solido completes $800,000 in financing, led by Supra and others
On September 11th, DeFi studio Solido closed an $800,000 funding round led by Supra and Cashaa, with participation from HELLO Labs, Spartan Ventures, and K10 Capital. The funds will be used to fuel Solido’s product expansion, security audits, deep integration with the Supra technology stack, and community-driven developer adoption.
Decentralized multi-chain trading platform NuDEX completes new round of financing, led by MetisDAO
On September 12, the decentralized multi-chain trading platform NuDEX completed a new round of financing, led by the MetisDAO Foundation, with participation from Flurry Capital, Waterdrip Capital, YBB Capital, and several strategic investors. The new funds are intended to be used for the GOAT chain mainnet upgrade and node network deployment, the development of the NuOrbit protocol and the promotion of TSS standardization, and the integration of developer tools and APIs.
On September 9, KaleidoSwap, a decentralized exchange based on Bitcoin and the Lightning Network, announced the completion of its Pre-Seed round of financing. Bitfinex Ventures and Fulgur Ventures participated in the investment. The specific investment amount has not been disclosed. The new funds will be used to support KaleidoSwap’s development of a DEX based on the RGB protocol on the Lightning Network, realizing trustless BTC-USDT transactions and expanding Bitcoin DeFi functions.
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