Financing Weekly | 22 projects raised $150.9 million, with Partior taking the top spot

Compiled by: Golden Finance

This week, 22 blockchain startups raised $150.9 million in funding; Partior raised $60 million in Series B funding; 3 companies received pre-seed and seed investment rounds; 19 projects received other rounds of investment.

The largest financing round this week

1. Partior raised $60 million in Series B funding from Peak XV Partners (formerly Sequoia India & South East Asia), Valor Capital Group, Jump Trading, Standard Chartered Bank, Temasek, JPMorgan Chase and other companies.

• Partior is revolutionizing financial market infrastructure through its decentralized, programmable, 24/7 platform. Leveraging a global unified ledger, Partior enables seamless, secure and scalable movement of liquidity, addressing inefficiencies such as settlement delays and high operational costs. The platform supports real-time cross-border multi-currency payments, payment-to-payment (PvP), delivery-to-payment (DvP) settlements and trade finance capabilities. Partior's platform's interoperability with digital and non-digital asset networks ensures comprehensive and efficient financial transactions.

Pre-Seed and Seed Investment Rounds

1. RECRD Raised $4M in Seed Round from Sui Foundation, DNA Fund and Alphabit.

• RECRD is a next-generation platform designed to revolutionize the way music artists, fans and industry professionals connect and collaborate. It provides artists with the tools to create, distribute and monetize their music while directly engaging with their fan base. The platform integrates social features to make interaction and collaboration within the music community seamless. RECRD aims to promote a more transparent and fair music industry by giving artists control over the creative process and revenue streams.

2. Tread.fi raised $3.5 million in a pre-seed funding round from New Form Capital, Aquanow (AQN), Varys Capital, Genesis Block Ventures Capital (GBV) and Thanefield Capital.

• Tread is an institutional-grade trading platform that provides advanced algorithmic trading tools, focusing on digital assets. It integrates seamlessly with existing trading workflows, supporting automated trade execution, smart order routing and comprehensive transaction cost analysis. Tread aims to modernize market access, minimize slippage and enhance liquidity diversification across multiple exchanges. The platform supports a wide range of tradable assets, including spot, perpetual contracts, futures and options, ensuring transparent pricing and minimal market impact. Designed for both fundamental and systematic funds, Tread provides a robust, scalable and secure trading infrastructure.

3. Kulipa Raised $3M in Seed Round from Fabric Ventures and White Star Capital.

• Kulipa is a platform that enables non-custodial wallets to issue branded crypto payment cards. Compatible with Apple Pay® and Google Pay™, these cards convert cryptocurrencies to fiat currencies in the background, providing users with a seamless payment experience. Kulipa handles all compliance, security and integration needs, providing a comprehensive solution to extend the functionality of wallets. The platform allows users to manage card settings, set spending limits and issue cards at any time, bridging the gap between crypto assets and everyday spending.

Other Investment Rounds

1. Tabi (formerly Treasureland) raised $16.1 million in a public sale funding round.

• Tabi is a decentralized marketplace and platform for issuing and trading non-fungible tokens (NFTs). It provides features such as NFT trading, launchpad, and gaming platform, while converting users' on-chain activities into experience points for future rewards. Tabi aims to connect NFT creators, users, and consumers, serving as a gateway to the world of Web 3.0 and providing incentives for developers on the BNB chain.

2. Pixelverse raised $2 million in funding round from Galaxy Interactive, CRIT Ventures, Arcthecommunity (ARC), and Mike Dudas.

• Pixelverse is a cyberpunk-style video game ecosystem where players can explore neon worlds, engage in PvE and PvP battles, and customize robots. Built by the team behind Binance and other well-known projects, it aims to create the largest 2D world using procedural generation technology and the EVM L1 blockchain. Core features include quests, crafting, dynamic NFTs, and a strong economic ecosystem powered by the $PIXFI token.

3. ZAP raised $15M in a funding round from Rarestone Capital, Cypher Capital, Sharding Capital, Presto Labs, Auros Global, Larry Cermak, and Luca Netz.

• ZAP is a reputation-based token distribution protocol built on Blast that aims to ensure fair and merit-based token rewards by validating user contributions. It helps projects sustainably grow their communities through events like “Blast Gigadrops” that reward users for social and on-chain interactions across 20+ Blast ecosystem projects. ZAP is expanding its protocol to other blockchains, starting with Base, and developing a no-code token launcher and token launchpad to simplify access to venture-backed projects. ZAP aims to rethink the token issuance experience and provide seamless distribution for crypto founders.

4. Aidatify raised $8.3 million in funding round from Stix, Alter Global, and Spencer Ventures.

• AiDATify leverages artificial intelligence and data analytics to transform the way businesses understand and engage with their customers. The platform provides advanced data analytics tools that enable companies to extract actionable insights from large data sets. With a focus on personalization, AiDATify helps businesses create more targeted and effective marketing strategies, improve customer engagement, and drive growth. The platform's user-friendly interface and powerful analytics make it an essential tool for businesses to leverage AI and data to stay competitive.

5. Soccerverse raised $3.1 million in funding round from SQUARE ENIX and Hiro Capital.

• Soccerverse is a free-to-play, global, multiplayer soccer management simulation and trading game. Players can manage over 3,500 clubs, sign from a pool of over 110,000 players, and compete in a variety of leagues across 93 countries. The game emphasizes reputation-based competition, innovative and transparent gameplay, and a persistent, dynamic universe where clubs and players are constantly evolving. Roles include Manager, Club Influencer, Player Agent, and Player Influencer, providing multiple ways to participate in and influence the soccer ecosystem.

6. ThirdFi Raises $2M in Funding Round from Alphabit, TechStars, Outlier Ventures, and Chainlink.

• ThirdFi is a modular decentralized finance (DeFi) AI platform that provides AI-driven insights and automation. The platform uses AI to optimize trading strategies, predict market trends, and maximize returns through advanced AI smart routers. ThirdFi integrates with multiple DeFi protocols and blockchain networks, providing tools for automated trading, market signals, and AI agent markets. ThirdFi aims to enhance the DeFi user experience by providing smart, scalable, and secure digital asset management solutions.

7. Rome Protocol raised $9 million in the financing round from Hack VC, P2 Ventures (Polygon Ventures), Hashkey Capital, Portal Ventures, Bankless Ventures, Robot Ventures, LBANK Labs, Anagram, TRGC, MH Ventures, Perridon Ventures, Anatoly Yakovenko, Nick White, Santiago R. Santos, Comfy Capital, Austin Federa, and Jason Yanowitz.

• Rome Protocol is building a shared ordering network on the Solana blockchain, leveraging its high throughput to provide efficient ordering for rollup solutions and blockchain projects without compromising user experience.

8. idOS raised $4.5 million in a funding round from Fabric Ventures, Arbitrum Foundation, Circle Ventures, Ripple, Near Foundation, Gnosis DAO, Tezos Foundation, Aleph Zero, and Radix.

• idOS is a decentralized, chain-agnostic Web3 identity layer that enables users to manage their data in a self-sovereign manner. The platform includes a network of dStorage nodes that host users' encrypted data and an access management protocol that allows users to grant or revoke access rights to third parties. idOS supports multiple identity frameworks, ensuring interoperability and compliance. By facilitating a user-owned internet, idOS advances privacy, security, and control over personal data in the decentralized ecosystem.

9. Idle raised $2.4M in a strategic funding round from RockawayX, Quantstamp, Fasanara Capital, gumi Cryptos Capital (gCC), ConsenSys, THE LAO, Dialectic, BlockRock Capital, GreenField One, LongHash Ventures, Jack Herrick, Josh Hannah, Qiao Wang, and Imran Khan.

• Idle Finance is a decentralized protocol that provides automated crypto asset yield optimization. It integrates multiple DeFi yield sources into a single platform, allowing users to earn the best risk-adjusted returns without having to manually move funds between protocols. Idle's governance is fully decentralized, with the community driving protocol upgrades and improvements. The platform is secured through a comprehensive audit and bug bounty program, providing a robust and safe environment for maximizing DeFi returns.

10. Term Finance raised $5.5M in a strategic funding round from Electric Capital, Maelstrom, Ava Labs, Blizzard, Inception Capital (formerly OP Crypto), Delta Blockchain Fund, Arete Capital, Danish Chaudhry, Steve Lee, and DeFiDad.

• Term Finance is a decentralized lending protocol that supports scalable fixed-rate/fixed-term lending using a unique auction model, a first in DeFi. It brings borrowers and lenders together through a fair and transparent auction process, determining a single market clearing rate that all participants will pay or receive, regardless of size.

11. VALDI Raises Undisclosed Amount from Storj in M&A Round.

• Valdi.ai provides affordable and reliable GPU cloud services for AI and machine learning workloads. The platform provides high-performance GPUs optimized for deep learning, data processing, and scientific computing, ensuring scalability and cost-effectiveness. Valdi.ai aims to democratize access to powerful computing resources, enabling startups, researchers, and enterprises to accelerate AI projects without incurring the high costs of traditional GPU providers. With a user-friendly interface and strong support, Valdi.ai simplifies the deployment and management of complex AI applications.

12. Stillman Digital Raises Undisclosed Amount from DeFi Technologies in M&A Round.

• Stillman Digital is a global technology and digital asset liquidity provider, providing advanced trading, settlement and technology solutions to institutional clients. With operations in the United States, Canada and Bermuda, it offers 24/7 deep liquidity, automated trading and secure asset custody. The platform supports a range of services including customized liquidity configuration, algorithmic trading and self-custody solutions, ensuring seamless and efficient trade execution. Stillman Digital aims to enhance the digital asset market through transparent pricing, high-speed settlement and comprehensive security measures.

13. BOB (Build on Bitcoin) Raised $1.6 Million from Ledger in a Strategic Funding Round.

• BOB (Build on Bitcoin) is a breakthrough Layer 2 solution with full EVM compatibility and native Bitcoin support. It aims to leverage the Ethereum Virtual Machine to execute smart contracts and drive development and innovation on Bitcoin. This facilitates a seamless bridge between the Bitcoin and Ethereum ecosystems, providing rollup capabilities backed by Bitcoin's strong security. Designed for DeFi applications and a variety of Bitcoin use cases, BOB's ecosystem aims to connect Ethereum users, applications, and exchanges with one click.

14. XOXNO Network Raises $875K in Public Sale Funding Round.

• XOXNO is an NFT marketplace on the MultiversX network, known for its robust digital asset platform. It has achieved notable successes, including winning the first xDay Hackathon Grand Prize, raising $30 million for creators through its launchpad, and attracting more than 125,000 users. XOXNO aims to increase the impact of NFTs in various real-world applications by making blockchain technology accessible to mainstream users, and implementing a revenue sharing system to benefit token holders.

15. Dora raised $5.5 million in a funding round from Dragonfly Capital, Lemniscap, Robot Ventures, Ethereal Ventures, Maven 11 Capital, Anagram, Galileo, Alchemy Ventures, gmjp (good morning japan), Dialectic, Marin Digital Ventures, Tarun Chitra, Zaki Manian, Layne Haber, Eden Au, Scott Sunarto, and Gavin Birch.

• On Dora is a blockchain-based search engine and browser for decentralized finance (DeFi) transactions. It provides real-time data on transfers, exchanges, and minting on multiple blockchain networks, providing a comprehensive view of on-chain activity. The platform supports a wide range of networks, including Ethereum, Gnosis, and Celo, among others. On Dora aims to enhance transparency and accessibility in the DeFi space by allowing users to easily search and track blockchain transactions.

16. Questflow Raised $1.5M from MiraclePlus and PAKA in Angel Round.

• Questflow is a decentralized autonomous AI agent network that enables users to leverage advanced artificial intelligence to automate workflows and improve productivity. The platform supports the creation, management, and deployment of AI agents that can perform complex tasks across a variety of applications and services. By integrating AI with decentralized technologies, Questflow provides a scalable, secure, and efficient solution for automating business processes, reducing manual work, and improving operational efficiency. The platform aims to revolutionize the way organizations leverage AI for workflow automation.

17. SPOT Protocol Raised $1M from Coinbase Ventures in a strategic funding round.

• Spot Cash provides a decentralized financial system with its unique flatcoin, SPOT, designed to be low-volatility and inflation-resistant. SPOT uses AMPL as its underlying collateral, reorganizing its volatility into stable (SPOT) and high-volatility (stAMPL) derivatives. This innovative approach ensures durability, scalability, and decentralization without relying on centralized collateral. SPOT is redeemable at a Consumer Price Index (CPI) adjusted value, making it a stable and secure asset to hold and trade long-term.

18. Sumer.Money raised $2M in a strategic funding round from Pantera Capital, Ant Capital (a&t), Sanctor Capital, Blockwall, ROK Capital, Waterdrip Capital, Kernel Ventures, AngelDAO, and Sandeep Nailwal.

• Sumer Money is a DeFi platform focused on maximizing capital efficiency through its innovative risk engine. Users can deposit assets like ETH for collateral and continue to earn rewards. Sumer allows the minting of suTokens (like suETH and suUSD) that can be traded or yield farmed on multiple blockchains. The platform ensures maximum security by keeping the assets secure on its native chain while providing enhanced performance through its high-performance EVM chain Supernova. Sumer aims to revolutionize liquidity infrastructure with its decentralized, efficient and secure solutions.