Weekly Funding Update | 13 Projects Receive $59.6 Million in Funding (August 18-25)Recommended Articles
The largest funding round this week was raised by programmable data chain Irys, which closed a $10 million Series A funding round. Close behind was Australian crypto lending platform Block Earner, which secured $8 million in a new round. The funding environment for crypto-native projects is becoming increasingly challenging.
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):
Programmable data chain Irys completes $10 million Series A financing, led by CoinFund
On August 21, programmable data chain Irys completed a US$10 million Series A financing round, led by CoinFund, with participation from Hypersphere, Tykhe Ventures, Varrock Ventures, Breed VC, Echo Group, Amber Group and WAGMI Ventures. As of now, the company’s total financing amount has reached US$20 million.
On August 20th, Australian crypto lending platform Block Earner announced the completion of a new $8 million funding round, led by CMCC Global’s Titan Fund and participated by local investment firm King River Capital. The new funds will reportedly be used to advance the launch of its Bitcoin-backed home loan deposit product, allowing customers to use their Bitcoin and other digital assets as collateral for personal loans. The product will allow repayments to be made in Australian dollars, Bitcoin, or a combination of the two.
Cointel Completes $7.4 Million in Strategic Financing, Co-Led by Avalanche and Sugafam
On August 20, Cointel, an AI-driven cryptocurrency education and trading support platform, announced today that it has completed a $7.4 million strategic financing round. Layer 1 blockchain Avalanche and Japan’s well-known Web 3 innovation company Sugafam Inc. co-led the investment. The new funds will support its construction of a scalable platform to meet the needs of new users and data-driven traders.
On August 22, the decentralized AI reasoning network DecentralGPT announced the completion of a $7 million strategic financing round led by AGICrypto. DecentralGPT stated that all investor tokens will be locked for one year.
On August 21, London-based digital asset trading company LO:TECH completed a $5 million seed round of financing, led by 13 books Capital, with participation from Lightspeed Faction, Veris Ventures, CRIT Ventures USA, and angel investors Mark Ransford and Rodney Ngone. The new funds are intended to be used to build a unified high-frequency infrastructure for on-chain capital markets.
On August 20, cryptocurrency startup Legion announced the completion of a $5 million financing round, led by VanEck and Brevan Howard Digital, with participation from cryptocurrency exchange Kraken and the venture capital arms of Coinbase and Crypto.com. The company declined to disclose valuation information, stating only that the round of financing was for equity and token warrants.
YOMIRGO Completes $5 Million Pre-A Round of Financing, Led by Gobi Partners
On August 20th, YOMIRGO, a Web 3 AI agent platform, announced the completion of a $5 million Pre-A Series C funding round led by Gobi Partners, with participation from Boman Group, the Nordic Economic and Trade Promotion Association (NCIPA), FINWEX, Quest Enternal Group, Infinite Labs, and ZC Capital.
1.Exchange completes $4.2 million in funding, led by Coinbase Ventures and AllianceDAO
On August 19, according to official news, o1.exchange announced that it had completed US$4.2 million in financing, with Coinbase Ventures and AllianceDAO jointly leading the investment.
On August 19th, blockchain data intelligence platform LYS Labs closed a $4 million funding round, comprising a $2 million angel round and a $2 million seed round. Investors included institutional investors like Alchemy Ventures and Delphi, as well as individual investors from projects like 0G Labs and Ocean Protocol.
On August 20, HolmesAI, a decentralized AI agent platform based on Persona, announced the completion of its Seed+ financing, with a total fundraising amount of US$3 million. Bitrise Capital, Waterdrip Capital and CGV Fund participated in the investment. It is reported that the company supports the conversion of AI agents into tradable digital assets, and uses blockchain technology to ensure data sovereignty, allowing characters to be deployed on multiple agents.
On-chain privacy solution Vanish completes $1 million seed round led by Colosseum
On August 22, according to an official announcement, Vanish, a privacy transaction solution based on Solana, completed a $1 million seed round of financing, led by Colosseum, with participation from Solana Ventures, Pivot Global, and Solana co-founder toly.
On August 21, stablecoin payment processor Loop Crypto announced the completion of a strategic round of financing, led by VanEck and Fabric Ventures. The specific amount has not been disclosed. The company only stated that the total amount of financing to date has reached US$6 million. The new funds are intended to support the construction of functions such as charging subscription fees using stablecoins.
On August 20th, StableStock, a stock tokenization platform, announced the completion of the first phase of YZi Labs’ Easy Residency program and secured a multi-million dollar seed funding round from investors including YZi Labs, Matrix Partners, and Vertex Ventures. This round of funding will help StableStock accelerate its efforts to bring trillions of dollars in global stock assets onto blockchain.
This article is sourced from the internet: Weekly Funding Update | 13 Projects Receive $59.6 Million in Funding (August 18-25)Recommended Articles
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