Financing Weekly | 17 public financing incidents; Olas, an independent AI agent platform in the crypto field, completed a financing of US$13.8 million, led by 1kx
Reprinted from panewslab
02/10/2025·14DWhat's the highlight of this issue
According to incomplete statistics from PANews, there were 17 investment and financing events in global blockchain last week (2.3-2.9); the total funding scale exceeded US$132 million, a decrease compared with the previous week. The overview is as follows:
- DeFi announced four investment and financing events, of which Fragmetric announced that it had completed a seed round of $7 million, led by Finality Capital Partners and Hashed;
- Web3 game track announced two investment and financing events, including TCG, a chain game infrastructure company, completed a US$10 million financing, and Telcoin, BullPerks and others participated in the investment;
- The AI+Web3 field announced an investment and financing event. Olas, an independent AI agent platform in the crypto field, completed a financing of US$13.8 million, led by 1kx;
- DePIN track announced one investment and financing event, and the DePIN project Beamable completed a US$13.5 million Series A financing, led by Bitkraft Ventures;
- Five investment and financing events have been announced in the field of infrastructure and tools , among which crypto trading infrastructure company Reservoir completed a US$14 million Series A financing, led by Union Square Ventures;
- Two investment and financing events were announced in other categories, among which Taproot Wizards is conducting a new round of financing of US$30 million, led by Standard Crypto;
- Centralized finance announced two investment and financing events, and Hex Trust completed a new round of strategic financing led by Morgan Creek Digital.
DeFi
Fragmetric announced it has completed a $7 million seed round led by Finality Capital Partners and Hashed, with Hypersphere, Presto Labs, Bitscale Capital, Halo Capital and Flowdesk, and won Solana and support from many angel investors of Restaking Eco. Fragmetric is committed to building the first Liquid Restaking site in the Solana ecosystem, focusing on NCN (Node Consensus Network) reward distribution and LST (Liquid Staking Tokens) management, aiming to optimize capital efficiency and enhance Solana's security. Sex and go Centralized capability.
Prodigy.Fi completes a $5 million seed round and is funded by Berachain Foundation
Decentralized income and on-chain dual investment trading platform Prodigy.Fi announced a $5 million seed round of financing led by Quantstamp and Republic, with Arbelosxyz, PANONY Group, RSK Capital and Samara Alpha. This round of financing will be used to promote its DeFi income mining and trading product development on Berachain.
In addition, ProdigyFi has received RFB funding from the Berachain Foundation and plans to allocate 10%-15% of BERA to test network users as a reward.
Flashnet announced that it has completed a $4.5 million seed round of financing, led by Abstract, and participated by UTXO, Soma Capital, HF0, Chapter One and other institutions. Flashnet is committed to building a license-free, uncustodialized Bitcoin native exchange, eliminating dependence on intermediaries, and fully on-chain BTC transactions to reduce transaction costs, eliminate counterparty risks, and provide 24/7 license-free access. In addition, Flashnet is partnering with Brale to launch USDB, the first Bitcoin stablecoin, and join hands with Privy to optimize the user experience. The platform plans to release more details in the next few weeks and prepare for the official launch.
Rho Labs completes $4 million seed round, led by CoinFund
Rho Protocol has completed a $4 million seed round of financing, led by CoinFund, with Auros, Flow Traders and Speedinvest. Rho Protocol is the first native crypto rate market that provides transactions with perpetual contract financing, pledge and lending rates. Since launching the beta version in June 2024, Rho has matched more than US$7 billion in trading volume, focusing on efficient interest rate derivatives trading, providing risk management tools for institutions, ETF issuers and stablecoins. This financing will be used to expand trading functions and institutional cooperation to promote the maturation of the crypto financial market.
Web3 Games
Chainyou infrastructure company TCG completed a US$10 million financing, with Telcoin, BullPerks and others participating in the investment
Dubai blockchain cloud gaming infrastructure company The Game Company (TCG) completed a $10 million equity and token round of financing, with Telcoin and its CEOs Paul Neuner, BullPerks, NodeMarket, HyperCycle and Singularity DAO participating. The company said it has built a platform in the past two years to play any game on a PC or console on any device around the world, and to use its proprietary ultra-low latency cloud technology to deliver high-performance gaming. The Game Company has piloted the system with several early adopters. In September 2024, TGC announced a strategic partnership with Aethir, a GPU-based decentralized computing infrastructure provider. It has since joined Google and Microsoft's startup programs.
GOAT Gaming, an AI gaming network on Telegram, completes $4 million strategic financing
According to official news, GOAT Gaming, an AI gaming network on Telegram, announced the completion of a US$4 million strategic financing, led by TON Ventures, Karatage, Amber Group, and Bitscale Capital, with Framework Ventures, Mirana Ventures, and Folius Vent ures and other investments. The financing brought the total financing of Mighty Bear Games, the game studio behind the game, to $15 million. According to reports, GOAT Gaming is created by Mighty Bear Games and is a gaming platform on Telegram, providing competitive and casual games with real gold rewards. The platform is powered by AlphaGOATs, which are autonomous AI agents that can compete, make money and grow. Its AlphaAI tool suite enables third-party developers to release, monetize and scale games seamlessly. Previously, in July 2022, game studio MightyBearGames completed a $10 million financing, led by Framework Ventures.
AI
Olas, an independent AI proxy platform in the crypto field, completed a $13.8 million financing to support the launch of a "proxy application store" called Pearl. This round of financing was led by 1kx, and companies such as Tioga Capital, Sigil Fund, Zee Prime Capital, Borderless, and Keyrock also participated in the investment. The Olas team said the funding will be used to support its proxy app store, aiming to democratize access to user-owned AI agents. While announcing the financing, Olas also launched the Olas Accelerator program, which provides $1 million in funding and OLAS token rewards to developers building agents on the platform. Olas' technology stack includes Olas Stack and Olas Protocol, which inspire the creation and co-ownership of AI agents. The team said it has contributed to more than 3.5 million transactions from nine blockchain agents.
DePIN
DePIN project Beamable completed US$13.5 million Series A financing, led by Bitkraft Ventures
Beamable, a decentralized gaming infrastructure platform, completed a US$13.5 million Series A financing led by Bitkraft Ventures, led by Arca, Advancit Capital, 2Punks, P2 Ventures, Solana Foundation, Scytale Digital, defy.vc, and GrandB Anks Capital and Permit Ventures participated in the investment. The new round of financing is intended to accelerate the development and expansion of Beamable Network, a decentralized physical infrastructure network (DePIN) designed to change the way gaming backend infrastructure is built and operated.
Infrastructure & Tools
Reservoir, a crypto token trading infrastructure provider, announced that it has completed a US$14 million Series A financing, led by Union Square Ventures, and participated by Coinbase Ventures, Variant, Archetype, 1kx and others. Union Square Ventures partner Nick Grossman joins the Reservoir Board of Directors. After this round of financing, the company will expand to full-chain token trading. Its products include Relay (a cross-chain bridge and redemption platform for Solana, Bitcoin, Tron and EVM chains), Reservoir Swap (decentralized trading API) and Reservoir NFT (NFT market and API). CEO Peter Watts said the company's goal is to support the seamless flow of millions of tokens between thousands of chains and promote innovation in financial and cultural applications. The current Reservoir team has 25 people, and plans to expand to 40 people by the end of the year, focusing on recruiting members of the product, engineering, design and marketing teams.
Superlogic, an enterprise loyalty platform powered by blockchain and artificial intelligence, announced the first round of the $13.7 million Series A financing, led by Powerledger, and investors include Sangha Capital, 10SQ, Nima Capital, Actai Unicorn Fund, Hyla Liquid Ventu re Fund , Liquid 2 Ventures, etc. In addition, blockchain and corporate funds such as Amex Ventures, Galaxy Interactive, Mirabaud Lifestyle Impact and Innovation, Recharge Capital also participated in the investment. This round of financing has brought Superlogic's total equity financing of more than US$21 million, which will accelerate its provision of white label experience technology to global brands. Superlogic uses AI-driven technology to provide customers with personalized reward experiences, and helps brands improve user loyalty through API integration or white label platforms.
Crypto startup Coala Pay completes $3.5 million seed round
Crypto startup Coala Pay completed a $3.5 million seed round, led by Castle Island Ventures, and the founders of Lattice Fund, Factor Capital and the Giving Block, the crypto charity platform. The company will use the funds from this round of financing to expand its team and recruit employees with experience in the United Nations and the United States government. According to reports, the company is committed to connecting humanitarian aid organizations with potential donors, and Coala Pay helps review donors and local aid organizations, requiring both parties to provide detailed documents to prove their legitimacy. Once both parties are whitelisted, each party can access each other's documents as needed. Instead of signing an entity contract, Coala Pay creates a smart contract for stablecoin transactions and generates a token to store information and track the use of funds.
Herd completes a $1.8 million Pre-Seed round of financing
Herd, a crypto collaboration terminal project, announced the completion of a $1.8 million Pre-Seed round of financing, led by Semantic Ventures, and participated by Archetype and Hardi Meybaum. According to reports, Herd is developing a collaborative terminal, "coterminal", aiming to simplify interaction with on-chain contracts. The platform enables users and AI agents to collaborate on searching, understand existing on-chain contracts and write them as off-chain and on-chain output.
RWA end-to-end solution Fraktion completed a seed round of 1.1 million euros, with Tezos Foundation and others participating in the investment
RWA end-to-end solution Fraktion announces a €1.1 million seed round, Cabrit Capital, Tezos Foundation, Vox Capital, as well as Olivier Huby, Andréa Bensaïd (Eskimoz) and Guillaume Mayot (Luk Well-known angel investors such as eion participated in the investment. Launched on the Tezos blockchain in mid-2023, Fraktion is committed to the tokenization and management of real-world assets. Fraktion’s technology combines simplicity and performance to help B2B customers quickly launch investment platforms while reducing operating costs and developing investor loyalty. The new funding is intended to accelerate the development of its technology platform and expand its influence in real-world assets.
other
Ordinals
Taproot Wizards is underway for a new round of $30 million in funding, led by Standard Crypto
Bitcoin Ordinals project Taproot Wizards is raising $30 million in its first Post-seed round. This round of financing was led by Standard Crypto, an early supporter of Taproot Wizards, and participated by Cyberfund, Collider Ventures and other institutions. The project will use new funds to drive the development of the OP_CAT ecosystem to enhance Bitcoin’s smart contract capabilities.
It is reported that Taproot Wizards was founded in 2023. In February 2023, the minting of Taproot Wizard #0001 produced a 4MB block, which was the largest block and transaction of Bitcoin at that time. The team also launched the Ordinals series Quantum Cats, currently the highest market capitalization of Bitcoin NFT projects.
Meme
Henlo, a Meme coin project driven by Berachain’s ecological community, announced the completion of a $3 million seed round of financing, including Framework Ventures, SNZ Capital, Rubik VC, Baboon VC, Paramount Capital, Primitive Ventures, Asylum Vent ures and other investments. According to reports, Henlo.com is a community-driven Meme coin project built in the Berachain ecosystem. It is founded with the spirit of humor and the uninhibited spirit of crypto-punk, aiming to redefine how people interact with cryptocurrencies by valuing culture rather than practicality.
Centralized Finance
Hex Trust completes a new round of strategic financing led by Morgan Creek Digital
Hex Trust, a digital asset custody and market service provider, officially announced that it has completed a new round of strategic financing, led by Morgan Creek Digital and participated in the investment. Although the company has not disclosed the specific amount of this round of financing, it has disclosed that its total financing amount has exceeded $100 million. Hex Trust also said it will launch a Series C financing later this year and conduct potential strategic acquisitions, with its business currently covering Hong Kong, Singapore, Dubai, France and Italy.
crypto payment company INXY Payments announced that it has completed a new round of financing of US$3 million, led by Flashpoint VC and a group of angel investors participated in the investment. It is reported that INXY Payments is headquartered in Cyprus and has been authorized by the EU to integrate crypto payments into traditional business operations and ensure compliance. The new fund is intended to optimize its multi-currency processing, automatic payments and cryptocurrency conversions with fiat currencies and other functions.
Venture Capital Funds
0G Foundation launches $88 million fund to drive AI-powered DeFi proxy
The 0G Foundation announced the establishment of a US$88 million ecological fund to promote the application of AI-driven decentralized finance (DeFi) and the development of independent financial agency (DeFAI). Investors include Hack VC, Delphi Ventures, Bankless Ventures, OKX Ventures, etc. Michael Heinrich, co-founder of 0G Labs, said that the combination of AI and blockchain is ushering in a critical moment. The fund will support applications such as automated income optimization, on-chain trading robots, decentralized insurance agents, cross-chain arbitrage, etc., and expand to Supply chain automation, AI governance, decentralized scientific research and other fields.
NEAR Foundation sets up $20 million AI Agent Fund to promote decentralized AI development
The NEAR Foundation announced the establishment of a $20 million AI Agent fund to promote the development of decentralized AI. The fund will focus on investing in autonomous verified AI agents built on NEAR technology and deploy them in the next few months. Investment targets include innovative applications such as proxy tokenization, AI character games, licensed AI oracles, etc., with the goal being to expand the application scenarios of the integration of Web3 and AI. The fund will cooperate with ecological projects such as Horizon AI accelerator and AI Hackathon to support developers to explore NEAR's unique advantages in the combination of AI and blockchain, and promote the large-scale development of decentralized AI agents.
StarkWare launches $4 million venture capital fund to accelerate blockchain innovation in Africa
Blockchain developer StarkWare launches a $4 million venture capital fund to accelerate blockchain innovation in Africa. The fund aims to provide African entrepreneurs and builders with everything they need to create blockchain-based startups in Africa. These include:
- Funding: Up to $150,000 in funding, more advanced teams can get larger investments (usually up to $500,000)
- Infrastructure that meets all its needs, whether directly on Starknet or as Starknet application chain/L3s
- Guidance and technical expertise to help them succeed
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