Financing Express of the Week | 11 projects received investment, with a total disclosed financing amount of approximately US$85 million (5.12-5.18)

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ODAILY
05-19
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Original | Odaily (@OdailyChina

Author | Dingdang (@XiaMiPP

According to Odaily's incomplete statistics, between May 12 and May 18, there were 11 blockchain-related financing events announced globally, which is an increase from 8 events in the previous week, demonstrating the continued active state of the blockchain field. However, the total financing amount announced this week was approximately $89 million, a decline from $113 million in the previous week, showing a short-term contraction in financing scale.

In the financing highlights of this week, the AI video generation platform Hedra stood out, successfully raising $32 million, becoming the project with the highest financing amount for the week. Following closely was the blockchain infrastructure platform Openverse Network, which received $11 million in financing.

The following are the specific financing events (Note: 1. Sorted by announced amount; 2. Excluding fund raising and merger events; 3. * indicates "traditional" companies with partial blockchain business):

[Rest of the translation follows the same professional and accurate approach, maintaining the specific translations for blockchain and crypto-related terms as specified in the initial instructions.]

On May 16, the blockchain investment company Coinsilium Group announced the completion of a £1.25 million institutional financing and simultaneously launched a £250,000 retail fundraising plan to advance its Bitcoin reserve strategy. This targeted share issuance was priced at 3 pence per share, with oversubscribed funds to be injected into its wholly-owned subsidiary Forza (Gibraltar) Limited as the operating entity. The company's Executive Chairman Malcolm Palle stated that this financing will accelerate the implementation of the Bitcoin reserve plan. They also appointed Oak Securities as joint broker to enhance capital market operations. The newly issued shares are expected to be listed on the Aquis Growth Market on May 22, with the total share capital reaching 274.7 million shares after completion. Board member James Van Straten emphasized that the company is fully focused on its Bitcoin reserve strategy, with this fundraising including an arrangement to offset £19,680 in service fees with 6.56 million ordinary shares.

SpaceComputer Completes Pre-seed Funding Round, Led by Primitive

On May 13, SpaceComputer announced the completion of its Pre-seed funding round, led by Primitive. Participating institutions include nascentxyz, tangent_xyz, symbolicvc, publicworksfm, Merkle Ventures, and Star-Shield. Multiple angel investors also participated, including loi_luu, Polygon co-founder, and Melt_Dem. The specific funding amount has not been disclosed.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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