According to an incomplete survey by Odaily, there were 16 blockchain financing events announced from January 13 to January 19, up from 12 the previous week. The total disclosed financing amount was about $371 million, a significant increase from $66.04 million the previous week.
Last week, the project with the highest investment amount was the cryptocurrency wallet Phantom ($150 million); the cryptocurrency custodian Komainu Holdings Ltd. followed closely ($75 million).
The following are the specific financing events (note: 1. Ranked by disclosed amount; 2. Excluding fund raising and M&A events; 3. * for "traditional" companies with partial blockchain-related businesses):
On January 17, Phantom announced the completion of a $150 million Series C financing round at a $3 billion valuation, co-led by Sequoia and Paradigm, with participation from a16z crypto, Variant, and others. This round of financing will accelerate Phantom's mission to build the world's largest and most trusted consumer finance platform.
Crypto custodian Komainu, backed by Nomura, raised $75 million in financing
On January 16, Komainu Holdings Ltd., the crypto custodian backed by Nomura Holdings Inc., announced $75 million in financing from Blockstream Capital Partners.
Crypto bank Sygnum Bank completed a $58 million financing round, led by Fulgur Ventures
On January 14, the Switzerland and Singapore-based crypto bank Sygnum completed a $58 million financing round, valuing the company at $1 billion post-financing.
1 Money completed a $20 million seed round, with participation from Kraken Ventures
On January 15, 1 Money announced the completion of a $20 million seed round, with participation from F-Prime Capital, Galaxy Ventures, Hack VC, Kraken Ventures, MoonPay Ventures and Bankless Ventures. The new capital will be used to launch the 1 Money Network, a next-generation payment network aimed at becoming an inexpensive, compliant Layer 1 protocol for stablecoin payments.
On January 14, the Paris-based crypto wallet technology company Dfns raised $16 million, with Further Ventures (the venture capital arm of Abu Dhabi sovereign wealth fund ADQ) leading the round, and participation from market maker Wintermute, Motive Partners, Bpifrance, and the family office of Galeries Lafayette Group owner Motier Ventures.
Reown (formerly WalletConnect) completed a $13 million Series B round, led by USV and 1kx
On January 15, Reown (formerly WalletConnect) announced the completion of a $13 million Series B round, led by Union Square Ventures (USV) and 1kx, with participation from Global Digital Asset Holdings (a joint venture between SC Ventures and SBI Holdings), Shopify Ventures, Kraken Ventures, Crypto.com Capital, Figment, Kiln, Everstake, BitGo Ventures and Fenbushi. The total financing raised by the company to date is $38 million, and the new capital will be used to build its SDK - Reown AppKit and Reown WalletKit - to further develop its on-chain user experience platform, solving issues like enabling crypto subscription payments without the need for custodial accounts. Its crypto solutions clients include financial infrastructure platform Stripe and gift card giant Raise.
On January 17, the open-source economic infrastructure project Merit Systems raised $10 million in a seed round, led by a16z crypto and Blockchain Capital, with participation from Solana co-founder Toly, Not Boring Capital founder Packy McCormick, Farcaster co-founder Dan Romero, and Framework Ventures co-founder Vance Spencer. The funds will be used to accelerate the development of the open-source economy.
On January 13, the Bitcoin on-chain finance infrastructure project Alpen Labs announced the completion of an $8.5 million strategic financing round, co-led by DBA and Cyber Fund, with Ribbit Capital, Castle Island Ventures and Geometry as the largest investors in its seed round, and they also participated in this round. The new capital will help accelerate the development of Alpen's Bitcoin ZK Rollup "Strata" and its mainnet launch by 2025.
On January 17, the Solana ecosystem social graph protocol Tapestry completed a $5.75 million Series A round at a $35 million equity valuation and $70 million token valuation, co-led by Union Square Ventures and Fabric Ventures, with participation from Stellation Capital, Slow Ventures and Foresight Venture. As part of the deal, Nick Grossman from Union Square Ventures, Anil Hansjee from Fabric Ventures, and Peter Boyce from Stellation Capital have joined Tapestry's board of directors.
Digital advertising platform EarnOS completed a $5 million seed round, led by Escape Velocity
On January 17, the digital advertising platform EarnOS announced the completion of a $5 million seed round, led by Escape Velocity (EV3), with participation from Animoca Brands, GD 1, Laser Digital, XION, Mysten Labs, and Opacity Network.
Web3 gaming company Hyve Labs completed a $2.75 million pre-seed round, led by Framework Ventures
On January 17, the Web3 gaming company Hyve Labs completed a $2.75 million pre-seed round, led by Framework Ventures, with participation from Volt Capital, Builder Capital, 32 Bit Ventures and a group of angel investors.
On January 15, the Barcelona-based RWA tokenization platform Brickken announced the completion of a $2.5 million seed round, valuing the company at over $22.5 million post-financing, with participation from Psalion, Ergodic Fund, SNZ Capital, Blue Bay Ventures, Mocha and Hodl Ventures.
Crypto x AI company Reppo Labs raised $2.2 million, with participation from Protocol Labs
On January 17, the Crypto x AI company Reppo Labs announced the completion of a $2.2 million financing round, with participation from Protocol Labs, CV VC, CMS Holdings, among others, some of which was raised on Echo.xyz. The new capital will be used to develop key infrastructure to enable permissionless collaboration between data owners and AI developers/agents on niche data sets.
Berachain ecosystem game project Beratone completed a $2 million seed round, led by Animoca Brands
On January 15, the Berachain ecosystem farm simulation game project Beratone announced the completion of a $2 million seed round, led by Animoca Brands, with participation from SNZ Holding, Citizen X, Avid 3, Metazero Capital, Digits, TheCryptoDog, CBB 0 FE, Santiago Roel, The Rollup, Tong, MetaverseHQ, Yat Siu, Jani, Raito, Beartic, wassielawyer, Scott, Sina, and other angel investors.
Web 2.5 infrastructure company Torram completed a $710,000 pre-seed round
On January 16, the Web 2.5 infrastructure company Torram announced the completion of a $710,000 pre-seed round, with participation from Draper Associates, Blockchain Founders Fund, Boost VC, Side Door Ventures, Deep Ventures, MH Ventures, Silvermine Capital and Trive Digital.
On January 14, the AI-driven Web3 social platform Metya announced the completion of a new round of financing, with investors including TIDO Capital, Candaq Ventures and Oasis Labs.
