Weekly Funding Update | 7 Projects Received Funding, Total Funding Reaching $81.4 Million (September 29-October 5)Recomm

The largest single financing this week was the social media platform X.me’s announcement of a $30 million strategic financing round, followed by the payment company xMoney’s announcement of a $21.5 million strategic financing round.

The following are specific financing events (Note: 1. Sorted by the size of the announced amount; 2. * indicates companies in “traditional” fields whose businesses partially involve blockchain):

Web 3 social media platform X.me completes $30 million in funding, led by Tido Capital

On October 1st, X.me, the social media platform and Web 3 equivalent of TikTok, announced the completion of a $30 million strategic funding round. This round was led by Tido Capital, with participation from Genesis Capital, Alpha Capital, Rollman Management, Parallel Ventures, WAGMi ventures, and Web 3 Vision. The funds will be primarily used to fund the X.me Foundation’s issuance of its platform token. Users will reportedly earn XPoints through social activities like watching videos and interacting with the platform, which will be redeemable for the platform token in the future.

xMoney Completes $21.5 Million in Strategic Financing, Led by Sui Foundation

On September 30, payment company xMoney announced the completion of a US$21.5 million strategic financing round, led by the Sui Foundation. It is reported that xMoney currently provides services to more than 5,000 merchants worldwide and is building a compliant global payment service driven by stablecoins.

Decentralized gaming network KGeN completes $13.5 million in strategic financing, with participation from Jump Crypto and others

On September 30th, KGeN announced the completion of a new round of strategic funding of $13.5 million, with participation from Jump Crypto, Accel, and Prosus Ventures, bringing its total funding to $43.5 million. KGeN is building the VeriFi™ Verified Distribution Network, a development aligned with the Aptos ecosystem vision. Leveraging the POGE privacy-preserving identity and reputation framework, KGeN will provide real-user verification, on-chain loyalty rewards, and decentralized e-commerce distribution services for AI, DeFi, gaming, and consumer applications.

Stablecoin payment network Mesta completes $5.5 million seed round led by Village Global

On October 1, the stablecoin payment network Mesta announced the completion of a $5.5 million seed round of financing, led by Village Global, with participation from Circle Ventures, Paxos, WTI – Western Technology Investment, Garuda Ventures, Canonical Crypto, Everywhere Ventures and Inventum Ventures. The new funds will be used to expand its global payment capabilities, strengthen its international team and accelerate global growth, further integrating the reliability of fiat currency payments with the efficiency of stablecoin payments.

Jiuzi New Energy announced that it is raising $5.5 million in financing, with 70% of the financing invested in crypto assets.

On September 30, Jiuzi New Energy (NASDAQ: JZXN) announced that it is raising US$5.5 million in financing, including a registered direct offering and a parallel private placement. The financing is expected to be completed on September 30, and it plans to use approximately 70% of the financing funds to invest in کرپٹوcurrency assets.

Bitcoin mining company MiningStore completes $3.4 million in strategic loan financing, with MIF participating

On September 29, Bitcoin mining company MiningStore announced the completion of a $3.4 million strategic loan financing. Millennium Infrastructure Fund (MIF), a fund company focusing on infrastructure investment, participated in the investment. The new funds are intended to be used by the company to expand the construction of Bitcoin mining facilities.

Web 3 social e-commerce project NECO receives $2 million in angel investment from the Dubai royal family

On October 5, the Web 3 social e-commerce project NECO received a $2 million angel investment from the Dubai royal family.

NECO organically combines traditional e-commerce with social media, incorporating crypto and AI technologies into incentives, algorithmic recommendations, and task execution. Currently, the NECO platform boasts nearly 4,000 SKUs, with an average daily transaction volume exceeding $300,000 and over 20,000 transactions per day.

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