funding

$190m raised, OG Labs secures capital

Published

3 hours ago

January 11, 2025

The second week of 2025 began with the $32.70 million sale of FTX EU to Backpack. Total known investments came in at roughly $189.96 million across various blockchain sectors.

The activity shows steady capital flow in the early days of the new year. The second week’s funding numbers are almost $100 million more than that of the first week’s $88 million.

The week’s activity centered on centralized exchanges, AI integration, and infrastructure development, with projects at different stages drawing capital. Let’s look at the key events per Crypto Fundraising data.

VOOX, $50 million

Raised $50 million in an unknown round
The investment was backed by Pinnacle Venture
VOOX is building an AI-powered trading platform

VOOX Exchange, the AI-driven platform that knows you best, just secured a $50M investment from @VcPinnacle to revolutionize trading. 💡
What does this mean for YOU?
✅ Smarter AI tools to maximize your trades.
✅ Rock-solid security for peace of mind.
✅ A faster, smoother… pic.twitter.com/TjfLGUCRRs
— Crypto PM (@CryptoPM_) January 11, 2025

FTX EU, $32.7 million

FTX EU bagged an M&A deal worth $32.7 million
The project was acquired by Backpack
FTX EU is the European arm of the crypto exchange

Backpack has acquired FTX EU and its MiFID II License.
Our first priority is to return all customer EURO funds on behalf of the FTX estate, followed by rolling out a full suite of spot, margin, and futures trading products.
Crypto perps trading is coming back to Europe 🇪🇺 pic.twitter.com/ExxYFufZHj
— Backpack 🎒 (@Backpack) January 7, 2025

OG Labs, $32.24 million

Raised $32.24 million through public sale
Combining AI with L1 infrastructure
OG Labs is developing blockchain infrastructure tools
The project has raised over $107.24 million so far

Eventflo, $20 million

Eventflo secured $20 million in an unknown round
The project is backed by Rothman Management
Eventflo is working on payment solutions, marketing and event operations

SoSoValue, $15 million

Raised $15 million in Series A with $200 million FDV
SoSoValue is backed by HongShan, Mirana and SafePal
The project is building an analytics platform and has raised $19.15 million so far.

https://twitter.com/SoSoValueCrypto/status/1876997896803078208

Notable crypto VC funding rounds under $10 million

Nakamoto Games raised $10 million for P2E gaming on Polygon (MATIC)
Alpen Labs secured $8.5 million in strategic funding
Privasea raised $5.25 million Series A with $180 million FDV
Superseed gathered $4.47 million through public sale
ZKcandy secured $4 million in seed funding
Rena Labs raised $3.3 million in pre-seed funding
Starpower secured $2.5 million in an unknown round
Ooga Booga raised $1.5 million in strategic funding
BAD Coin gathered $1.25 million through public sale with $12.50 million FDV
Enclave and Aligned Layer each raised $1 million
Yiedl secured $735,000 in an unknown round
Xterio raised $300,000 through public sale with $0.04 FDV
Primex Finance gathered $50,000 through public sale
Wise Monkey funding amount TBD

Source link

funding

Avalanche Labs secures $250m investment

Published

4 weeks ago

December 14, 2024

admin

Mid-December has seen a surge in crypto VC funding, headlined by Avalanche Labs’ $250 million raise.

This week marked one of the largest single investments in blockchain infrastructure this year. The period also saw significant investments across infrastructure, AI, and financial services sectors, with cumulative funding exceeding $400 million. This is close to $180 million more than last week’s fundraise.

Crypto.news collected the data from Crypto Fundraising to analyze the projects that took home the highest funds during this period.

Avalanche (Ava Labs), $250 million

Secured $250 million in an unknown round
Backed by Galaxy, Dragonfly, and other major investors
Avalanche has raised a total of $540.5 million so far.

Avalanche announces a $250 million private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, highlighting the growing confidence in Avalanche’s blockchain ecosystem ahead of the Avalanche9000 upgrade 🤝https://t.co/tWmn5u9LbG
— Avalanche9000 🔺 (@avax) December 12, 2024

Nano Labs, $36.25 million

Raised $36.25 million in private funding
Nano Labs focuses on infrastructure and storage solutions

Klickl, $25 million

Secured $25 million in Series A funding with $125 million FDV
Supported by Web3PORT and Aptos Labs
Klickl is building CEX and payment solutions

🎉 Exciting News! 🎉
Klickl has closed an oversubscribed $25M Series A funding, raising our valuation to $125M!
A huge thank you to @Web3PortFund and @AptosLabs for co-leading this milestone and supporting our mission to expand global Web3 banking.https://t.co/gQpVLopzcq
— Klickl (@klicklofficial) December 10, 2024

Exabits, $15 million

Raised $15 million in seed funding with $150M FDV
Backed by Hack VC
Specializing in infrastructure development

Exabits, a crypto-AI startup, raised $15M in seed funding led by Hack VC, boosting its valuation to $150M. Focused on tokenizing GPUs, Exabits aims to decentralize computing. With $20M in total funding and a 300% quarterly revenue increase amounting to $10M, Exabits is… https://t.co/oIvhRLAAJB
— Exabits (@exa_bits) December 12, 2024

Hyperbolic, $12 million

Secured $12 million in Series A funding
Supported by Variant, Polychain Capital, and Chapter One
Hyperbolic has raised a total of $19 million so far.

Relai, $12 million

Raised $12 million in Series A funding
Relai is building Bitcoin (BTC) ecosystem solutions
Backed by Ego Death Capital and Timechain

Waterfall Protocol, $11.6 million

Waterfall Protocol raised $11.6 million from investors like BOLT, Alpha Token Capital.
The firm has raised a total of $13.6 million so far.

JUST IN: Waterfall Protocol secures a staggering $11.6 million in funding to revolutionize layer 1 blockchain technology.
— Coin.News by BabyDoge (@CoinDotNews) December 13, 2024

Notable crypto VC funding rounds under $10 million

MegaLabs secured $10 million through public sale
Kast raised $10 million in seed funding
Lava gathered $10 million in Series A funding
Commonware secured $9 million in an unknown round
Sphere Labs raised $5 million in strategic funding
Soarchain gathered $4.5 million in an unknown round
SmarDex secured $4.5 million in seed funding
Fantasy top raised $4.25 million in seed funding
AgriDex gathered $4 million in strategic round with $28.50M FDV
Neptune Protocol secured $3.9 million in seed funding
Spicenet raised $3.4 million in seed funding
Glacier Labs gathered $3.37 million in public sale with $33M FDV
Superform Labs secured $3 million in strategic funding
Terrace raised $2.5 million in public sale with $25M FDV
Uranium Digital secured $1.7 million in pre-seed funding
Mandala Chain raised $1 million in pre-seed funding
Wild Forest gathered $100,000 in public sale with $45M FDV

Read more about last week’s crypto VC funding data here.

Source link

funding

World Liberty Financial raises $30m, Partior takes home $20m

Published

1 month ago

November 30, 2024

admin

The final week of November 2024 has seen a shift toward DeFi and financial services in the crypto funding scene, with World Liberty Financial securing a $30 million investment.

The week has enjoyed cumulative investments exceeding $90 million. This is visibly less in comparison to last week’s $125 million and the previous week’s $120 million.

Crypto.news examined data from Crypto Fundraising to identify projects that raised the most capital during this period. Here’s a breakdown:

World Liberty Financial, $30 million

The Donald Trump-backed startup raised $30 million from billionaire Justin Sun
Sun founded the Tron (TRON) blockchain
Sun signed on to be an adiver, focusing on DeFi and Ethereum (ETH) ecosystem development

Partior, $20 million

Secured $20 million in Series B funding
Received investment from Deutsche Bank
The project develops payment solutions
Partior raised $80 million so far.

Kernel DAO, $10 million

Raised $10 million in an unknown round
Backed by Binance Labs and 15+ investors
Kernel DAO is building on the BNB Chain ecosystem

Kernel Secures @BinanceLabs Funding to Redefine Restaking on BNB Chain!
We’re proud to announce that Kernel has raised a strategic round from Binance Labs, marking a pivotal step in building the core restaking infrastructure on BNB Chain 🚀 pic.twitter.com/xc0Rot45oB
— Kernel DAO (@kernel_dao) November 25, 2024

Balance (E-PAL), $10 million

Secured $10 million in an unknown round
Balance develops AI-powered gaming solutions
The project has raised $40 million so far.

Notable crypto VC funding rounds under $5 million

Schuman Financial raised $7.36 million in seed funding.
Avant Protocol secured $6.50 million in seed funding with a $25 million FDV.
Talus Network gathered $5 million in a strategic round with a $150 million FDV.
OpenTrade raised $4 million in seed funding.
U2U Network secured $3.80 million in an unknown round.
Rarimo raised $2.50 million in an unknown round.
Moongate gathered $2.50 million in an unknown round.
Bleap secured $2.30 million in pre-seed funding with a $10 million FDV.
BRKT raised $1.75 million in seed funding.
Margarita Finance secured $1 million in pre-seed funding.
N3MUS raised $800,000 in pre-seed funding.
Pulse gathered $400,000 in an unknown round.
Girin Labs secured $300,000 in an unknown round.

Find out more about last week’s crypto VC funding data here.

Source link

AI

SoftBank invest $1.5 billion to OpenAI

Published

1 month ago

November 28, 2024

admin

OpenAI employees would be allowed to cash out their company’s share worth $1.5 billion regarding the investment agreement with SoftBank.

SoftBank, a Japanese-based multinational investment company, is financing the world’s prominent artificial intelligence (AI) enterprise OpenAI with $1.5 billion. This agreement would allow the employee to gain a profit by selling their shareholding.

Through these corporate actions, SoftBank would have a bigger stake in the company, which is something that the CEO Masayoshi Son asked for quite a long time.

OpenAI’s employees who hold the share would have spare time before the end of the year, on Dec. 24. If the employees agree, they would benefit from around $210 per share, aligned with the most recent funding.

Current and previous employees could participate in the funding, but only those who had been granted restrictions and held the share for at least two years.

OpenAI, which has been considered a non-profit organization for a decade, is denied the issue that this funding is related to the newest company’s orientations, which will move to the profit-making enterprise.

SoftBank funding for emerging technologies

According to CNBC on Nov. 27, $1.5 billion in funding for OpenAI comes from SoftBank’s Vision Fund 2.

This funding was specifically used to invest in emerging technology and companies, including Nvidia, Uber, Exscientia, Glean, Perplexity, and Poolside. Through this investment, the company based in Tokyo will expand its horizon on investing in emerging technologies like artificial intelligence.

SoftBank’s Vision Fund 2 (SVF2) was initiated in 2019 and collected an investment commitment of up to $56 billion. In 2021, funding was invested in more than 250 companies, and the majority of the funding is a new investment.

Now, the funding is focused on accelerating the use of artificial intelligence, market leaders, and companies with a value over $1 billion or who have named a unicorn.

Source link