Weekly Funding Update | 12 Projects Receive $119 Million in Funding (August 4-10)Recommended Articles
This week’s financing highlights were mainly in the CeFi sector, including Spanish crypto exchange Bit2Me completing a €30 million financing round and Scenius Capital successfully raising $20 million in “oversubscribed” funds to invest in emerging crypto venture funds.
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):
Spanish crypto exchange Bit2Me completes €30 million funding round, led by Tether
On August 7, Spanish crypto exchange Bit2Me announced the completion of a €30 million funding round, led by Tether Ventures, a subsidiary of Tether. The funds will support Bit2Me’s expansion within the EU and strengthen its operations in Latin America, particularly Argentina. Previously, Bit2Me became the first Spanish-speaking cryptoasset service provider (CASP) to receive authorization from the Spanish National Securities Market Commission (CNMV), complying with the EU’s Markets in Crypto-Assets Directive (MiCA).
Scenius Capital Completes $20 Million Funding for Emerging Crypto Venture Fund
On August 7, Scenius Capital co-founder and managing partner Ben Jacobs said the company had just completed a “slightly oversubscribed” $20 million financing round, which will be used to invest in funds of emerging crypto venture funds.
On August 4, OpenMind, a Silicon Valley-based intelligent machine infrastructure company, announced that it had completed a $20 million financing round, led by Pantera Capital, with participation from Ribbit, Sequoia Capital, Coinbase Ventures, DCG, Lightspeed Faction, Anagram, Pi Network Ventures, Topology, Primitive Ventures, Amber Group and other institutions and several well-known angel investors.
On August 6th, Tech in Asia reported that SuperGaming had secured $15 million in Series B funding, bringing its valuation to $100 million. The round was led by Skycatcher and Steadview Capital, with participation from a 16 z Speedrun, Bandai Namco 021 Fund, Neowiz, and Polygon Ventures.
Perle, a Web 3-based AI project, has secured $9 million in seed funding led by Framework Ventures.
On August 8, Perle, a Web 3-based artificial intelligence project, completed a $9 million seed round of funding led by Framework Ventures. This round brings the project’s total funding to $17.5 million.
On August 5, social gaming platform STAN announced that it had completed a US$8.5 million financing round, with participation from Google’s AI Futures Fund, Aptos Labs, Bandai Namco 021 Fund, Square Enix, Nazara, King River Capital, General Catalyst, GFR Fund and others. As of now, the company’s total financing has reached approximately US$15 million. The company monetizes through game victory rewards “Gems” and Creator Club commissions, and supports redemption of e-commerce coupons such as Amazon.
On August 8, crypto derivatives trading platform Euphoria announced the completion of a $7.5 million seed funding round led by Karatage, with participation from Figment Capital, Robot Ventures, Bankless Ventures, First Commit, Hash 3, Comfy Capital, and Kosmos Ventures. Euphoria is developing a mobile app designed to simplify cryptocurrency derivatives trading, such as options and perpetual contracts, for everyday users and expects to launch its Tap trading product on the MegaETH mainnet later this year.
HackQuest Completes $4.1 Million Funding Round, Led by Animoca Brands and Open Campus
On August 9th, HackQuest announced the completion of a $4.1 million funding round led by Animoca Brands and Open Campus, with participation from Gate Ventures, HashKey Capital, Hash Global, Find Satoshi Labs (StepN), Outlier Ventures, and Bytetrade Labs. The funds will be used to expand its developer platform, which addresses the Web 3 talent gap through education, on-chain credentials, and ecosystem support, and has already engaged 90,000 developers from over 30 countries.
On August 6, the decentralized prediction market Bayes Labs announced the completion of a $2 million strategic round of financing, with participation from Singapore’s GreenVision Fund, Jkapital Ltd., and Bearcat. The new funds will be used to accelerate Bayes Labs’ product development, regional expansion, and user growth, especially in Asia.
Joinable Labs, an AI acceleration platform, has secured $2 million in seed funding.
On August 5, Joinable Labs, an AI acceleration platform, announced the completion of a $2 million seed round of financing, with participation from Web 3 institutions such as Accomplice Blockchain, Tess Ventures, and VitalStage Ventures. The company plans to use the new funds to build a time-to-intelligence (TTI) model to reduce the time required to produce private artificial intelligence systems.
On August 5, Pangu Software, a Singapore-based decentralized Web 3 gaming platform, announced the completion of a $1 million equity financing round. A private equity fund managed by a wholly-owned subsidiary of Delin Holdings participated in the investment. The fund subscribed for 1,041 common shares and received an option to subscribe for an additional 1,041 shares under the same terms. Upon completion of the transaction, the fund holds approximately a 2% stake in Pangu. The new funds are reportedly intended to be used by the company to leverage blockchain and artificial intelligence technologies to enhance user engagement, digital asset ownership, and game monetization.
On August 5, according to official news, the on-chain trading platform ANT.FUN announced the completion of a multi-million dollar Series A financing round, led by Adrian Cheng’s investment firm Folkman Venture, with participation from Adrian Cheng and others.
It is reported that ANT.FUN focuses on providing users with a smooth, secure and professional trading experience on desktop and mobile terminals. This round of financing will be used to enhance the platform’s technical strength and user experience.
This article is sourced from the internet: Weekly Funding Update | 12 Projects Receive $119 Million in Funding (August 4-10)Recommended Articles
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