There were 13 public funding events in the crypto market last week, with a cumulative total of about $69 million raised | Investment and Finance Weekly

According to RootData, there were 11 public investment and financing events in the blockchain and crypto industry between October 16 and October 22, 2023, with a cumulative total of approximately $69 million raised.The projects that received funding were mainly in the DeFi track, which included decentralized derivatives protocol SynFutures completing a $22 million Series B round of funding led by Pantera Capital, and Elixir Protocol, a DeFi protocol, completing a $7.5 million Series A round of funding, led by Hack VC.Additionally, two mergers and acquisitions (M&A) events also took place last week, with financial market infrastructure technology company Securrency being acquired by depository trust and clearing firm DTCC Digital Assets, and HeightZero, a one-stop digital asset management platform, being acquired by custodial service provider BitGo.
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Finishing touches: cookies, RootsData
According to RootData’s incomplete statistics, during the period of October 16-October 22, 2023, there were 11 public investment and financing events in the blockchain and crypto industry, with a cumulative total of approximately $69 million raised.
From the perspective of track distribution, the funded projects are mainly distributed in the DeFi track, among which the popular projects include SynFutures, a decentralized derivatives protocol, which completed $22 million in Series B financing led by Pantera Capital, and Elixir Protocol, a DeFi protocol, which completed $7.5 million in Series A financing led by Hack VC.
In addition, two acquisitions took place last week: Securrency, a financial market infrastructure technology company, was acquired by DTCC Digital Assets, a depository trust and clearing company, and HeightZero, a one-stop digital asset management platform, was acquired by BitGo, a custodian service provider.
(List of projects that closed funding last week, source: Rootsdata)
I. Infrastructure

  1. Hardware Crypto Wallet Ryder Closes $1.2 Million Funding Round with SBX Capital and Others
    Hardware crypto wallet startup Ryder has closed a $1.2 million funding round with participation from Oak Grove Ventures, Bitcoin Frontier Fund, Trust Machines’ Muneeb Ali, and SBX Capital, among others. Ryder is also launching its flagship product, Ryder One, which supports the innovative TapSafe recovery feature in place of mnemonics.
  2. Securrencyxa0, a financial market infrastructure technology company, acquired by DTCC
    On October 19, DTCC announced the acquisition of Securrency, a financial market infrastructure technology company, with former CEO Nadine Chakar joining DTCC as Global Head of Digital Assets and Managing Director DTCC is the global post-trade market infrastructure for the financial services industry, automating, centralizing, and standardizing the processing of financial transactions through its subsidiaries in 20 locations around the world.
  3. HeightZero, a one-stop digital asset management platform, acquired by BitGo
    On October 17, BitGo announced the acquisition of HeightZero, a one-stop digital asset management platform for financial advisors and investment funds interested in investing in digital assets for their clients.
  4. Blockchain Technology Solution Chintai Completes New Round of Financing, Led by Block.one
    Chintai, a one-stop capital markets modernization solution, has closed a new round of funding led by Block.one for an undisclosed amount. Chintai, which is regulated and licensed by the Monetary Authority of Singapore (MAS) and whose suite of products includes an automated compliance infrastructure for dynamic securities token offerings, high-performance secondary trading, and regulated digital assets, is said to be aiming at bridging the gap between enterprises and compliant blockchain technology through its Blockchain Platform-as-a-Service (BPaaS) model.
    II. CeFi
  5. Cryptocurrency Management Platform Beluga Closes $4 Million Seed Round Led by Fin Capital
    Cryptocurrency management platform Beluga announced the closing of a $4 million seed round led by Fin Capital with participation from Anagram, UDHC, Dispersion Capital, Aptos Labs, 2 Punks Capital, Borderless Capital, Kyber Capital, 186 Ventures, W11 Capital, Rubik Ventures and others.
    Beluga says its suite of software tools allows users to manage their cryptocurrency portfolios, and that its management team consists of crypto veterans from Silicon Valley and from companies like Robinhood Crypto, dYdX, CoinDesk, Coupa Software, and more.(source link)
    III. DeFi
    1, DeFi Protocol Elixir Protocol Closes $7.5 Million Series A Financing Led by Hack VC
    DeFi Protocolxa0Elixir Protocolxa0 Closes $7.5M Series A at $100M Valuation in Series A Round Led by Hack VC with Participation from NGC Ventures, AngelList Ventures, Bloccelerate, and More.
    According to crypto platform RootData, Elixir Protocol announced in January this year that it had closed a $2.1 million seed funding round with participation from FalconX, Commonwealth, OP Crypto, ChapterOne and Bitmex founder Arthur Hayes.
  6. Decentralized Derivatives Protocol SynFutures Closes $22 Million Series B Financing Led by Pantera Capital
    Decentralized Derivatives Protocol SynFutures Closes $22 Million Series B Funding Round Led by Pantera Capital with Participation from Susquehanna International Group and HashKey Capital.
    At the same time, SynFutures also unveiled version V3 of its platform, with a mainnet release scheduled for Q4 2023.The upgraded V3 platform features Oyster Automated Market Maker (Oyster AMM), which is deployed entirely on-chain.SynFutures says Oyster AMM combines the order book with the AMM model to improve trading efficiency by centralizing liquidity in DeFi.(source link)
    IV. Tools
  7. Squads, Solana’s eco-multi-signature management tool, closes $5.7 million in strategic financing led by Placeholder VC
    Squads Labs, developer of the Solana ecosystem of multi-signature management tools Squads, has announced the completion of a $5.7 million strategic funding round led by Placeholder VC, with participation from Multicoin Capital, Solana Ventures, Jump Crypto, Anatoly Yakovenko, co-founder of Solana Labs, Lucas Bruder, CEO of Jito Labs, and Mert Mumtaz, CEO of Helius Labs, among others.(source link)
    2, Web3 File Management App Fileverse Closes $1.5 Million Pre-Seed Round Led by Gnosis Chain and Factor
    Fileverse, a Web3 workspace and file management application, closed a $1.5 million pre-seed round led by Gnosis Chain and VC firm Factor, with participation from crypto wallet provider Safe, social media privacy solution Mask Network, decentralized file storage Arweave Ecosystem and its ecosystem incubator, Forward Research, Web3 credentials network Galxe, former Coinbase Balaji Srinivasan, and other angel investors.
    Fileverse provides a decentralized file management and collaboration service that aims to provide an alternative to centralized providers like Google or Notion by giving users better control over their personal data.(source link)
    2, Web3 File Management App Fileverse Closes $1.5 Million Pre-Seed Round Led by Gnosis Chain and Factor
    Fileverse, a Web3 workspace and file management application, closed a $1.5 million pre-seed round led by Gnosis Chain and VC firm Factor, with participation from crypto wallet provider Safe, social media privacy solution Mask Network, decentralized file storage Arweave Ecosystem and its ecosystem incubator, Forward Research, Web3 credentials network Galxe, former Coinbase Balaji Srinivasan, and other angel investors.
    Fileverse provides a decentralized file management and collaboration service that aims to provide an alternative to centralized providers like Google or Notion by giving users better control over their personal data.(source link)
  8. Crypto Data Company Coin Metrics Closes $6.7 Million in New Funding via Equity Sale
    Crypto data firm xa0Coin Metricsxa0 has announced the closing of $6.7 million in new funding. according to emails, the funding came from a new investor who did not want to be publicly disclosed, and the money was secured through the sale of equity as well as a class of assets that includes options, warrants, and other rights to purchase other securities.
    Coin Metricsxa0, which provides network and market data, indices, and cyber risk solutions for organizations investing in cryptocurrencies, last raised $35 million in a Series C round in April 2022, according to crypto data platform RootData.
    Coin Metrics was founded in 2017, and its board of directors includes venture capitalists Nic Carter and Matthew Walsh of Castle Island Ventures, Goldman Sachs’ managing director Mathew McDermott, and Katey Neate, chief operating officer of digital assets at Bank of New York Mellon.(source link)
    V. Games
  9. Gaming Platform Forge Closes $11 Million Seed Round Led by Makers Fund, Bitkraft Ventures and Animoca Brands
    Gaming platform xa0Forge has closed an $11 million seed round led by Makers Fund, Bitkraft Ventures, and Animoca Brands, with participation from Hashkey Capital, Polygon Ventures, Formless Capital, and Adaverse, among others. the financing will be used to build a platform that connects and rewards gamers for their accomplishments. forge is described as a gaming platform that allows gamers to aggregate their gaming lives and accomplishments into profiles and receive rewards based on their participation.
    Forge’s current investors also include strategic investors such as xa0Griffin Gaming Partners, Riot Games, and the Sony Innovation Fund, and angel investors also include gaming industry leaders Riot Games founders, Twitch founders, TSM founders, Kabam founders, YouTube founder Steve Chen, and more.(source link)
  10. Upland, a Virtual Property Strategy Game, Closes $7 Million Series A Extension Funding Round Led by EOS Network Ventures

Digital real estate trading platform xa0Uplandxa0 closed an $8 million Series A extension led by EOS Network Ventures, the fund’s first crypto gaming investment. the new funding will be used to develop additional features that will allow players to purchase digital locations on real-world maps. upland also plans to enhance its marketing strategy, enable third-party developer tools, and launch ethereum tokens linked to current in-game utility tokens.
According to RootData, a Web3 asset data platform, Upland closed an $18 million Series A funding round in 2021 at a valuation of $300 million, led by Animoca Brands (source link).
VI. Other
1, MyShell Announces $5.6 Million Angel Round to Build Decentralized AI Native Application Platform
AI authoring workshop MyShell has closed a $5.6 million seed round led by INCE Capital with participation from Folius Ventures, Hashkey Capital, SevenX Ventures, TSVC, OP Crypto and others, and Binance Labs has announced that MyShell has entered its sixth incubation camp.
VenturesThe funds will reportedly be used primarily to develop proprietary AI models and build a robust creation workshop for AI-native applications, which will in turn gradually lead to a thriving ecosystem of creators on the blockchain.

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