Compiled by Golden Finance
This week, 19 blockchain startups received $107.6 million in funding. The largest round of funding was Morpho, which raised $50 million in Series A funding; 8 projects received Series A funding, and 10 projects received investment in other rounds.
Biggest Funding Rounds This Week
1. Morpho
Morpho raised $50M in a strategic funding round with participation from Ribbit Capital*, Andreessen Horowitz (a16z crypto), Coinbase Ventures, Variant Fund, Pantera Capital, Brevan Howard Digital, BlockTower Capital, Kraken Ventures, Hack VC, IOSG Ventures, RockawayX, L1 Digital, Mirana Ventures, Cherry Ventures, Semantic Ventures, Fenbushi Capital, LeadBlock Partners, and Robot Ventures.
About Morpho
Morpho is a DeFi lending protocol built on existing protocols that moves lending from liquidity pools to a peer-to-peer mechanism, offering investors higher yields.
Pre-Seed and Seed Funding Rounds
2. Breakout Funding
Breakout raised $4.5 million in a seed round from investors including RockawayX*, Mechanism Capital, IOBC Capital, C² Ventures, and Round13 Capital.
About Breakout
Breakout is a proprietary trading firm in the cryptocurrency space, providing the best centralized exchange liquidity for trading over 100 crypto assets. The platform features advanced trading tools, tight spreads, and custom web and mobile applications for seamless trade execution. Breakout emphasizes impeccable execution and thorough transparency, providing clear and fair rules as well as evaluation success rates and payout data. Traders can participate in evaluations to trade funded accounts and keep up to 90% of their earnings, providing an ideal environment for both new and experienced traders.
3.Icebreaker Financing
Ic Ventures ebreaker raised $5 million in a seed round of financing, with investors including CoinFund*, Accomplice Blockchain, Anagram and Legion Ventures.
Ic Ventures ebreaker Introduction
Icebreaker is a Web3 native messaging platform designed to enhance communication within decentralized communities. The platform seamlessly integrates with blockchain technology to provide users with secure, private and efficient messaging services. Icebreaker provides features such as end-to-end encryption, decentralized identity authentication and cross-chain compatibility to ensure the security and verifiability of conversations. By focusing on the unique needs of the Web3 environment, Icebreaker aims to promote more effective collaboration and interaction in the decentralized ecosystem and promote a more connected and interactive Web3 experience.
4. We.Rich Financing
We.Rich raised $2 million in a seed round of financing, with investors including Animoca Brands, Folius Ventures and Leland Ventures.
About We.Rich
We.Rich is a user-generated asset (UGA) platform. Anyone can become a founder and turn anything into a tradable asset with a zero-cost, zero-IQ threshold asset creation experience and an AI-driven personalized asset recommendation engine on Base.
5. Hyperbolic Financing
Hyperbolic raised $7 million in a seed round from investors including Polychain Capital, Lightspeed Faction, Chapter One, LongHash Ventures, Bankless Ventures, Nomad Capital, Coinsummer Labs, Third Earth, Republic, Black Dragon, and individual investors Balaji Srinivasan, Illia Polosukhin, Sandeep Nailwal, Casey K. Caruso, Tekin Salimi, and Santiago R. Santos.
About Hyperbolic
Hyperbolic is an AI cloud platform that unites global computing resources to provide accessible, affordable, and scalable GPU resources and AI services. It provides high-throughput, low-latency AI inference services, as well as scalable GPU access (with pay-as-you-go plans) and monetization options for idle GPUs. Hyperbolic supports a wide range of GPUs, ensuring high availability, scalability, security, and fair compensation for contributions. Designed for researchers, companies, data centers, and individuals, the platform aims to democratize AI by making computing resources more accessible and economical.
6. Raad Labs Funding
Raad Labs raised $2.3 million in a seed round of funding from investors including CoinFund*, Tribe Capital, Escape Velocity, and Protagonist.
About Raad Labs
Raad Labs is deploying a distributed network of weather sensors to provide hyperlocal ground truth data. This data enables governments, energy traders, utilities, and insurance companies to take proactive measures to protect infrastructure and prevent human suffering. By incentivizing individuals and businesses to purchase and host these devices, Raad Labs ensures that comprehensive and accurate weather data is collected and collated. This innovative approach aims to improve the decision-making process in weather-sensitive sectors, ensuring better preparation and response to weather-related events.
7. BlonkFi Financing
BlonkFi raised an undisclosed amount of funding in a pre-seed round of financing from investors including UOB Venture Management, Signum Capital, Manifold, Kyros Ventures and Hypotenuse Labs.
About BlonkFi
BlonkFi is a core liquidity infrastructure protocol that aims to solve the problem of insufficient liquidity of long-tail mid-cap assets with high volatility (such as meme coins) and enable these assets to obtain liquidity as collateral.
8.Liquorice Financing
Liquorice raised $1.2 million in a pre-seed round of funding from investors including Greenfield Capital*, Polymorphic Capital, L2 Iterative Ventures (L2IV), 1inch, HASH CIB (Crypto Investment Bank), Efficient Frontier, Follow[the]Seed, and Horadrim.Capital.
About Liquorice
Liquorice is a decentralized finance (DeFi) protocol that provides one-sided lending pools integrated with a maximum extractable value (MEV)-free trading engine, designed to facilitate liquidity in intent-based trading systems. The platform solves the inventory problem in DeFi by providing private market makers (PMMs) with lending pools segmented by assets. Liquorice simplifies the process of PMMs accessing DeFi by integrating with core aggregators such as 1inch, Uniswap X, and CoW Swap, ensuring optimal liquidity. Its off-chain engine selects the best quotes from connected market makers, enabling efficient transactions without gas fees.
9.Agent Exchange Financing
Agent Exchange raised $1 million in a pre-seed round of financing, with investors including Caladan, MrBlock, David Choi, domo, Jack Sun, Cygaar, Larry Cermak, and WSB Mod.
Agent Exchange Introduction
Agent is a one-stop platform that provides Web3 users with the ability to seamlessly create and manage multiple subaccounts. By integrating with various decentralized applications (dApps), Agent allows users to earn points and trade their subaccounts before the market opens. The platform uses the power of ERC-6551 to tokenize and transfer subaccounts, allowing points and locked tokens to be traded in a transparent and trustless market. Agent accelerates the adoption of smart contract wallets, providing a user-friendly interface and strong security features to optimize DeFi opportunities.
Other Investment Rounds
10. Particle Network Financing
Particle Network raised an undisclosed amount from Binance Labs Fund in a round of financing.
About Particle Network
Particle Network is a modular L1 enabler chain abstraction platform. The company aims to solve the fragmentation of users and liquidity through universal accounts. Its main products include: Modular Smart Wallet-as-a-Service, Confidential zkStack, Omnichain Account Abstraction & Intent Fusion Protocol.
11. Pichi Finance Financing
Pichi Finance raised $2.5 million in a round of financing from investors including Signum Capital, UOB Venture Management, Mantle Network*, DWF Ventures, Wise3 Ventures, Genesis Block Ventures Capital (GBV), Acquire Fi, Ryze Labs, Contango Digital Assets, Genopets, Notch Ventures, One Block Capital Advisory and DCF God.
About Pichi Finance
Pichi Finance is a decentralized platform focused on optimizing yield farming and liquidity provision across multiple DeFi ecosystems. By leveraging advanced algorithms and automation, Pichi Finance enables users to maximize returns on their staked assets while reducing risk. The platform offers features such as automatic compounding, multi-chain support, and seamless integration with various DeFi protocols, ensuring a comprehensive and efficient yield farming experience. Pichi Finance aims to simplify and enhance the DeFi experience for both new and experienced users, providing tools for better asset management and optimized yield generation.
12.Layer2 Financial Financing
Layer2 Financial raised $10.7 million in a Series A round of funding, with investors including Galaxy Digital*, Accomplice Blockchain and Sapphire Ventures.
About Layer2 Financial
Layer2 Financial is a multi-partner platform that provides Payments as a Service (PaaS) that enables businesses to process compliant payments across multiple currencies. Through a single API, Layer2 simplifies processes such as collection, payment, foreign exchange transactions, and simplifies the integration process by managing the complexity of banks, payment networks, and foreign exchange brokers. The platform emphasizes compliance, handling KYC (Know Your Customer), AML (Anti-Money Laundering), transaction monitoring and regulatory requirements, allowing businesses to focus on core operations. Layer2 supports the creation of customized payment experiences and ensures a powerful and scalable payment solution for a variety of use cases.
13.JokeRace Funding
JokeRace raised $3 million in a round of funding from investors including Maven 11 Capital*, ABCDE Capital, Mask Network, 1kx, RockawayX, Anagram, Social Graph Ventures, Daedalus, THE LAO, John Adler, and Dan Romero.
About Layer2 Financial
Jokerace is an on-chain competition platform that enables decentralized communities to host and participate in various competitions and challenges. Using blockchain technology, Jokerace ensures transparency, security, and fairness for all competitions. The platform has been used by well-known institutions such as Polygon, Farcaster, and Bankless, providing community members with a trusted environment to promote interaction and incentives. Jokerace's innovative approach enables users to seamlessly create, manage, and participate in competitions, enhancing interaction and participation among communities in the Web3 ecosystem.
14. Daylight Energy Funding
Daylight Energy raised $9 million in a Series A funding round from investors including Andreessen Horowitz (a16z crypto)*, Framework Ventures, Lattice Fund, Escape Velocity, and Lerer Hippeau.
About Daylight Energy
Daylight is a comprehensive platform designed to modernize home energy systems by providing a curated marketplace of local contractors and artisans. The platform offers a variety of energy products, including solar panels, heat pumps, battery storage, and weatherization services. Daylight simplifies the process of upgrading to clean energy through app-based home energy inspection guidance, personalized energy upgrade plans, and full-service installation by certified local professionals. The platform focuses on increasing home value, reducing energy costs, and improving home comfort and health through efficient and sustainable energy solutions.
15.Rage Trade Financing
Rage Trade raised $6 million in a public sale financing round.
About Rage Trade
Rage Trade is a multi-chain perpetual (perp) trading platform that provides the best price and trading experience by aggregating liquidity from different chains. The platform uses an innovative liquidity pool model, advanced risk management, and cross-margin capabilities to enable traders to maximize capital efficiency. Rage Trade integrates with multiple blockchain networks to provide seamless, high-performance trading while ensuring security and transparency.
16.Lukka Financing
Lukka raised an undisclosed amount from Animoca Brands in a round of financing.
17.Girin Labs Financing
Girin Labs raised an undisclosed amount from XRPL Japan and Korea Fund in a round of financing.
About Girin Labs
Girin Labs is focused on building user-friendly infrastructure and decentralized finance (DeFi) systems in the XRP Ledger and Root Network ecosystems. The company is developing Girin Wallet, a Web3 wallet focused on XRPL that supports social login features. In addition, Girin Labs has developed Lotus Protocol, the first lending and liquidity staking token (LST) protocol on the Root Network, providing sustainable yield farming for XRP holders. Girin Labs aims to further engage users and revolutionize the XRP Ledger and Futureverse ecosystems with its innovative solutions.
18.Mintify Financing
Mintify raised $3.4 million in a round of financing, with investors including Arca Fund, Cumberland (DRW), Amber Group, Psalion VC, Master Ventures, Zeneca, Gm Capital, Spencer Ventures, Red Beard Ventures, Alchemy Ventures, G20 Ventures and Bharat Krymo.
About Mintify
Mintify is an NFT multi-chain aggregator, analysis platform and trading terminal for deploying complex NFT investment strategies. The platform provides investors with the ability to search, analyze and trade NFTs on multiple blockchain networks, helping them to develop and execute efficient NFT investment plans.
19.Apriori Financing
Apriori raised an undisclosed amount from Binance Labs Fund in a round of financing.
About Apriori
Apriori is committed to revolutionizing decentralized finance (DeFi) by providing innovative financial products and services. The platform provides users with optimized yield strategies, secure asset management, and seamless integration with various blockchain networks. Apriori's goal is to democratize complex financial tools, allowing users to maximize returns while minimizing risks. By leveraging cutting-edge technology and a user-centric approach, Apriori is poised to redefine the DeFi landscape, making it more convenient and efficient for all users.
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