OPRR Flash Depth Activities

Search Extension

Inventory of 22 projects that recently raised tens of millions of dollars in financing.

veDAO研究院

2023-09-05 11:26

Read this article in 22 Minutes

AI summary

View the summary

Original Title: "Follow the trend of the cryptocurrency industry and seize potential opportunities. Summary of July's million-dollar investment and financing | veDAO Research Institute"

Original Source: veDAO

This article summarizes 22 projects that raised over 10 million US dollars in funding in July 2023, categorized into six major categories: AI+Web3 (6 projects), DeFi (2 projects), CeFi (3 projects), NFT&Game (4 projects), Infrastructure (5 projects), and Other (2 projects). By understanding the investment direction of crypto VCs, we can help you keep up with the latest trends in the crypto industry and capture opportunities for exponential growth.

One, AI+Web3

1.ZYBER 365

Amount: 100 million US dollars.

Round: A Round

Time: July 25th

Valuation for fundraising: 1.2 billion US dollars.

Investment firm: Sram & MRAM Group.

Project Type: Web3, Artificial Intelligence.

Project Introduction: Zyber 365 is a startup that provides a decentralized and secure operating system with a range of Web3 products, such as Layer0, Layer1, and Layer2 blockchains, decentralized identity, data analytics, software development toolkits, web browsers, NFT markets, and ICO (Initial Coin Offering). It can be used as a complete Web3 ecosystem or as standalone applications specified according to user needs.

Twitter data: followers 146, currently almost no operation.

2.Futureverse

Amount: 54 million US dollars.

Round: A Round

Time: July 18th

Investment firms: 10T Holdings, Ripple.

Project Type: Artificial Intelligence, Metaverse

Project Introduction: Futureverse is a leading artificial intelligence and metaverse technology and content company. Futureverse's decentralized ASM AI protocol allows anyone to own, train, and trade unique artificial intelligence through a digital brain. The FuturePass smart wallet SDK enables users to easily, quickly, securely, and passwordlessly use Web3 applications, games, and experiences. It can protect user identity and data, store digital assets, tokens, and memberships, manage permissions, and establish status anytime, anywhere.

Twitter Data: Followers 24.8k, +0.8% in 7 days and +21% in 30 days, stable operation.

3.Veloce

Amount: 50 million US dollars.

Round: undisclosed

Time: July 10th

Investment firm: GEM Digital.

Project Type: Web3, Digital Racing.

Project Introduction: Veloce was founded in 2018 and is a diversified gaming and sports media group with operations in some of the most innovative, fast-growing, and future-oriented industries in the UK. As the world's largest digital racing media network, Veloce has attracted over 35 million subscribers and nearly 1 billion monthly views, with a focus on esports, gaming, purpose-driven racing, and Web3. The financing was conducted through a structured token subscription agreement, and the funds will be used to provide its expanding products and services. Sustainability and equality are at the core of Veloce's goals, and the group hopes that this massive injection of funds will enable it to achieve its objectives.

Twitter data: 51,000 followers, stable operation.

4.Protect AI

Amount: 35 million US dollars.

Round: A Round

Time: July 26th

5.Cymbal

6.AGII

7.Alluvial

Twitter Data: Followers 2944, 7-day +0.38%, 30-day +3.88%, stable operation.

8.Radiant Capital

Amount: 10 million US dollars.

Round: undisclosed

Investment institution: Binance's risk investment and incubation department, Binance Labs.

Three, CEFI

9.hi

Time: July 27th

Investment Institution: Animoca Brands.

Project types: CeFi, CEX, infrastructure, wallet, social network.

Project Introduction: hi is an encrypted payment application that is committed to implementing Proof of Human Identity (POHI) in its Know Your Customer (KYC) process, which does not involve scanning the iris. In order to perform KYC on its users, hi will soon utilize a human identity verification solution to help prevent robots from trading on its second-layer network. The members of hi are the primary stakeholders in this ecosystem, and the company is committed to maximizing member value rather than its own profits.

Twitter Data: Followers 83.9k, 7-day -0.13%, 30-day +0.07%, actively and steadily operated.

Token for the project: HI, $0.002/each, 7-day -21%, 30-day -34%. After the successful financing announcement, the token price quickly increased by 80%, but in the past 10 days, the price has dropped significantly.

10.Bitkub

Amount: 17.8 million US dollars.

Funding Valuation: 193 million US dollars

Round: undisclosed

Time: July 3rd.

Investment firm: Asphere Innovations.

Project Type: CeFi, CEX, Exchange

Project Introduction: Bitkub is a next-generation digital asset and cryptocurrency trading platform that provides advanced trading services for individuals looking to buy, sell, and store cryptocurrencies. Founded in February 2018, Bitkub has a registered capital of 450 million baht (approximately 13 million US dollars) and is currently the largest cryptocurrency exchange in Thailand. This financing round sold 9.22% of Bitkub's shares to local game publisher Asphere Innovations for a price of 17.8 million US dollars. The official statement claims that this round of financing will be used to expand digital asset services in Thailand.

Twitter Data: 66.7K followers, -0.09% in the past 7 days and -0.19% in the past 30 days. The operation is actively stable.

Token for the project: KUB, $1.16 per piece, down 8% in 7 days and 15% in 30 days. The coin price has dropped significantly in the past 15 days.

11.Patex

Amount: 10 million US dollars.

Round: Equity Financing

Time: July 13th

Funding Valuation: 100 million US dollars.

Investment firm: Acura Capital.

Project Type: CeFi, CEX

Project Introduction: Patex ecosystem is a complete encryption solution for the Latin American market, providing solutions for all regulatory and user needs. The ecosystem focuses on transactions in the blockchain industry, CBDC development, education, and careers. The ecosystem is mainly composed of Patex Network, Centralized Patex, and Patex Campus. In this equity financing, the Acura Capital team acquired 10% of its shares. Patex aims to completely change the financial landscape of Latin America with the professional support of the Acura Capital team.

Twitter data: 110,000 followers, -44% in 7 days, +19% in 30 days, stable operation.

Four, NFT&Game

12.Heynext

Amount: 30 million US dollars.

13.Sound.xyz

Historical financing total: $25 million (completed $5 million seed round financing in December 2021) Project type: Creator economy, music NFTs.

Project Introduction: Sound is creating a platform for a more collaborative music movement based on Web3 technology and values, aiming to showcase what music should look like: driven by the relationship between listeners and artists. Sound is committed to addressing the two major problems in the music industry: "the vast majority of songs are completely unheard, and 90% of the traffic goes to the top 1% of artists" and "artists earn very little income from each song". On Sound, users can directly support their favorite artists and get early access to new music releases compared to others.

Twitter Data: Followers 61.9k, +0.9% in 7 days and +2.94% in 30 days, with active and stable operations.

14.Jungle

Amount: 16 million US dollars.

Round: undisclosed

15.Xterio

Twitter Data: 150,000 followers, +0.18% in 7 days, +0.16% in 30 days, actively and steadily operated.

Five, Infrastructure

16.Flashbots

Amount: 60 million US dollars.

Round: Series B

Project Type: Infrastructure, MEV.

Project Introduction: Flashbots is a research and development company focused on Miner Extractable Value (MEV), aiming to alleviate the negative externalities and risks that MEV brings to smart contract blockchains. Flashbots' main focus is to enable a permissionless, transparent, and fair ecosystem for MEV extraction. It is divided into three goals: democratizing the acquisition of MEV revenue, bringing transparency to MEV activities, and redistributing MEV revenue. Flashbots' efforts are focused on three verticals: Flashbots Auction, a privacy communication channel between miners and searchers for transparent and efficient MEV extraction; Flashbots Data, a set of tools for improving MEV transparency and reducing information asymmetry; and Flashbots Research, an open, transparent, and collaborative research effort aimed at addressing short-term and long-term research issues related to MEV.

Twitter data: 53,000 followers, active and stable operation.

17.RISC Zero

Amount: 40 million US dollars.

Round: A Round

Time: July 19th

Investment firm: Blockchain Capital led the investment, with participation from Galaxy Digital, IOSG, RockawayX, Maven 11, Fenbushi Capital, Delphi Digital, Algaé Ventures, IOBC, and others.

Historical total financing amount: 52 million US dollars (completed 12 million seed round financing in August 2022)

Project Type: Infrastructure, Layer1, zk

Project Introduction: RISC Zero is the infrastructure creator that helps developers build zero-knowledge proof software. It is using zero-knowledge proof technology and RISC-V zkVM to build the next generation of scalable blockchain. RISC Zero allows developers who are accustomed to programming in Rust, Go, C++, and other standard programming languages to write on-chain decentralized applications. This round of financing will help RISC Zero bring its Bonsai computing platform to market.

Twitter Data: 13,000 followers, stable operation.

18.Cosmic Wire

Amount: 30 million US dollars.

Round: Seed Round

Time: July 19th

Investment institutions: Solana Foundation, Polygon Ventures.

Project Type: Infrastructure, Privacy.

Project Introduction: Cosmic Wire is a technology company at the forefront of Web3 innovation and blockchain solutions. The company leverages its proprietary technology and decentralized applications to create a backbone operating system that powers today's Web3 ecosystem. This funding round makes Cosmic Wire the first cross-chain funded Web3 company. The raised funds will drive Cosmic Wire's decentralized applications, which are the foundational operating systems of today's Web3 ecosystem. It is worth noting that cross-chain technology will enable seamless data transfer and interoperability between different blockchains.

Twitter data: 16,000 followers, low operational frequency.

19.Manta Network

Amount: 25 million US dollars.

Round: A Round

Time: July 19th

20.Echooo Wallet

Investment institutions: A&T Capital, Skyview Capital.

Project Introduction: Echooo Wallet is the best next-generation smart contract wallet supported by ERC-4337, combining MPC and AI technology, supporting multi-signature and social recovery. Through Echooo's unique AI-driven technology architecture, combined with zkSync layer2 network, transaction costs are significantly reduced while ensuring security. Echooo also provides a Web 2.0 user experience through mobile native and gas-free design.