Financing Weekly | 15 projects raised $173.4 million, Chaos Labs won the first place

Compiled by: Golden Finance

This week, 15 blockchain startups raised a total of $173.4 million, with the largest round being Chaos Labs' $55 million Series A. Five projects received seed and angel round financing, and 10 projects received other rounds of financing.

This week's largest financing round

Chaos Labs raised $55 million (Round A)
Investors: HAUN Ventures*, Lightspeed, F-Prime Capital, Wintermute, Galaxy Digital, PayPal Ventures, Slow Ventures, The Spartan Group.

Chaos Labs is a highly automated economic security and risk management platform designed for DeFi protocols. Through Chaos Labs' tools, the core team and community members are able to monitor the health and potential risks of the protocol in real time so that they can make adjustments to the mainnet before vulnerabilities are exploited.

Seed and Angel Rounds

Goldilocks Raises $1.5M (Seed Round)
Investors: Hack VC*, Shima Capital*, ATKA, Rana Capital, Public Works.

GoldilocksDAO is a decentralized autonomous organization (DAO) built on the Berachain network dedicated to innovating DeFi products. The platform includes Goldilocks AMM (GAMM) and Goldilend, where users can trade tokens, provide liquidity, and participate in NFT-based loans. By leveraging Berachain's unique features, GoldilocksDAO aims to provide users with a secure, community-oriented DeFi environment to help users manage and grow crypto assets more efficiently.

Crunch Lab raises $3.5 million (seed round)
Investors: Multicoin Capital*, Fabric Ventures, Factor Capital, Elixir Capital.

CrunchDAO is a platform for data scientists and machine learning experts to monetize their models by participating in quantitative research challenges. The platform uses collective intelligence to solve complex problems in finance and other fields. Members retain ownership of the model and receive rewards based on their contributions. CrunchDAO provides a seamless integrated environment that allows participants to focus on scientific research while the platform handles MLOps (machine learning operations).

Rhinestone raises $5 million (seed round)
Investors: 1kx*, CoinFund, Lattice Fund, Heartcore Capital, Circle Ventures, Alchemy Ventures, CyberConnect.

Rhinestone is a new generation of smart account ecosystem that emphasizes modularity, interoperability and security. Developers can easily build and deploy custom functions through Rhinestone's standardized protocol to create a more personalized and secure experience for wallet users. The platform supports interoperability with popular smart account solutions and advocates open source and a spirit of cooperation.

Satflow raises $7.6 million (seed round)
Investors: Variant Fund*, Nascent, UTXO Management, Coinbase Ventures, Hash3, Asymmetric fund, CMS Holdings, Robot Ventures, Bitcoin Frontier Fund, Sora Ventures, Memeland.

Satflow focuses on the construction of Bitcoin trading infrastructure.

Reddio receives an undisclosed amount (seed round)
Investors: Paradigm*, Arena Holdings*.

Reddio is a Layer 2 solution that scales decentralized applications (dApps) and games on Ethereum through StarkWare's zkRollup technology. The platform provides APIs and SDKs to help developers deploy smart contracts and create scalable dApps without having to deeply understand the blockchain. Reddio focuses on providing a low-cost, high-performance environment that supports up to 10,000 transactions per second, making it ideal for developers who want to build efficient and secure Web3 applications.

Other financing rounds

MyShell receives an undisclosed amount (financing round)
Investor: Binance Labs Fund.

MyShell is a Web3-enabled AI platform that allows users to create personalized chatbots, called "Shells". Creators can generate AI content robots, and consumers can find and use these robots. The platform provides token rewards to creators and consumers. Currently, MyShell provides some functions on Polygon and plans to migrate the platform to opBNB, a Layer 2 network based on the BNB chain and using Optimism's OP Stack or Optimistic rollups technology.

Orderly Network Raises $5 Million (Strategic Financing Round)
Investors: OKX Ventures (formerly OKEx Blockdream Ventures), Manifold, Presto Labs, LTP (LiquidityTech Protocol), Nomad Capital, Origin Protocol.

Orderly Network is a permissionless decentralized trading protocol and modular ecosystem built on the NEAR blockchain.

Sahara Labs Raises $43M (Series A)
Investors: Pantera Capital*, Binance Labs Fund*, Polychain Capital*, Samsung Next, Matrix Partners, dao5 (daofive), GeekCartel, Sequoia Capital, Nomad Capital, SCB 10X, Canonical Crypto, Mirana Ventures, Foresight Ventures, Aegis Ventures, Dispersion Capital, Tangent Ventures, Alumni Ventures (AVG).

Sahara is a decentralized AI network that provides Sahara Knowledge Agent (KA) and Sahara Data. The platform allows the creation of customized autonomous AI agents, tracks data and rewards through blockchain technology, and directly compensates contributors. Sahara aims to transform the AI ​​industry by providing high-value data services and providing a secure environment for AI model training.

Rivalz Network Raises $9 Million (Funding Round)
Investors: Delphi Ventures*, D1 Ventures*, Gate Labs*, Magnus Capital*, Cogitent Ventures*, Zee Prime Capital, Caballeros Capital, Formless Capital, DWeb3 Capital, Mask Network, SL2 Capital, Momentum 6 (M6), Fourth Revolution Capital (4RC), Stakewithus, NewTribe Capital, Autonomy Capital, Optic Capital, Emoote, BlockBuilders, OIG Capital (Oracles Investment Group), IBC Group, DWF Labs, GSR Markets LTD, Basics Capital, Pragma Ventures, x21 Digital, Kyros Ventures, iAngels Capital, Wise3 Ventures.

Rivalz Network is developing an AI Intel infrastructure to drive the development of an autonomous economy. Through a dual-chain system based on Dymension and Arbitrum, Rivalz provides decentralized data traceability, scalable storage with AI-level latency, and real-time data coordination services. This infrastructure ensures high-quality, verified and private data to support the development of AI systems and promote the development of next-generation autonomous systems.

Parfin Raises $10M (Series A)
Investors: ParaFi Capital*, Framework Ventures, L4 Venture Builder.

Parfin is a Web3 infrastructure provider that provides digital asset custody, trading, tokenization and management tools for large financial institutions in Latin America.

Sling Money Raises $15M (Series A)
Investors: Union Square Ventures (USV), Ribbit Capital, Slow Ventures*.

Sling is a global money transfer platform that allows users to transfer money instantly and cheaply between more than 50 countries. The platform uses the Solana blockchain to enable fast and low-cost transfers by converting local currencies into USD stablecoins. Users can complete transfers by simply searching for the recipient's name, without the need for traditional bank information.

Essential Raises $11M (Series A)
Investors: Archetype*, IOSG Ventures, The Spartan Group, Mirana Ventures, Amber Group, Maven 11 Capital, Bodhi Ventures, Big Brain Holdings, Heartcore Capital, Selini Capital.

Essential is focused on building intent-based infrastructure and tools to accelerate the transition from value extraction to intent fulfillment. Essential is committed to supporting composability across the ecosystem, ensuring that the intent paradigm can reach its full potential, minimize predatory behavior and increase user satisfaction. Essential is developing core infrastructure components, including Ethereum's intent standard, a domain-specific language for expressing intent, and a completely intent-centric blockchain protocol.

Kem Raises $3M (Funding Round)
Investors: Tether.

Kem is a digital financial services platform that aims to simplify the transfer and payment process in Kuwait. The platform supports instant transfers, bill splitting, and management of various personal and business payment needs. Without minimum balances or hidden fees, Kem provides a seamless personal and business transaction experience. The application supports QR code payments and records all financial activities, ensuring convenience and efficiency in daily financial management.

Ion Protocol Raises $4.8M (Funding Round)
Investors: gumi Cryptos Capital (gCC)*, Robot Ventures, Bankless Ventures, NGC Ventures (NEO Global Capital), Finality Capital, SevenX Ventures.

Ion Protocol is a DeFi platform that allows users to borrow and lend against staked and re-pledged assets without facing price liquidation risk. By supporting a variety of Liquid Staking Tokens (LST), Liquid Re-Pledge Tokens (LRT), and other special validator-backed assets, Ion Protocol maximizes the capital efficiency of staked assets. The platform uses a zero-knowledge machine learning framework to assess stake risk and provide secure and efficient loans. Ion Protocol helps users multiply their stake rewards and manage their positions flexibly.