Funding for Blockchain and DeFi Surges: CMS Holdings Leads with $324.40M Raised
Last week saw a total of $324.40M raised across 21 rounds, marking a 28.78% increase in funds raised and a 16.67% rise in the number of rounds compared to the previous week.
Most Active Investors
CMS Holdings, participated in 4 rounds, making it the most active investor in this space. Their focus last week was on categories: Blockchain Service, DeFi, DeFi, DeFi.
Robot Ventures, with 3 rounds, their focus was on categories: Blockchain Service, DeFi, Blockchain Service.
Animoca Brands, who invested in 3 different rounds, focusing on categories: GameFi, GameFi, Social.
Most Interesting Categories
Blockchain Service, with $138.25M raised in 5 rounds. Against $88.00M raised in 4 rounds last week.
Social, with $84.00M raised in 2 rounds. Against $84.00M raised in 5 rounds last week.
Blockchain Infrastructure, with $46.50M raised in 3 rounds. Against $40.00M raised in 2 rounds last week.
Biggest Rounds
Stronghold Digital Mining, Blockchain Service with $125.00M raised from Bitfarms. Stronghold is a vertically integrated Bitcoin mining company with an emphasis on environmentally beneficial operations. Stronghold houses its miners at its wholly owned and operated Scrubgrass Plant and Panther Creek Plant, both of which are low-cost, environmentally beneficial coal refuse power generation facilities in Pennsylvania.
Story Protocol, Social with $80.00M raised from Scott Trowbridge, Polychain Capital, Cozomo de Medici, Adrian Cheng, Andreessen Horowitz (a16z). Story Protocol's mission is to unleash an entirely new way to create, govern, and license IP on-chain, ultimately forming an ecosystem of “story legos” that can be remixed and composed. Story Protocol provides a streamlined framework to manage the entire lifecycle of IP development, enabling features like provenance tracking, frictionless licensing and revenue sharing. Made for creators across all media – prose, images, gaming, audio and more – applications built on Story Protocol give writers and artists the ability to track their work's provenance, allowing anyone to contribute and remix while capturing the value of their contributions.
Fabric Cryptography, Blockchain Infrastructure with $33.00M raised from Matter Labs, Offchain Labs, Polygon Studios, 1kx, Blockchain Capital. Developer of custom cryptography hardware designed to accelerate cryptography algorithms so they can run in milliseconds. The company's system provides the infrastructure for real-world applications of the blockchain using technologies like zero-knowledge proofs, fully homomorphic encryption, and verifiable delay functions, enabling businesses to accelerate algorithms exponentially faster, enabling far more general and transformative use cases, both in and out of blockchain.
BiFinance, CeFi with $10.00M raised from Eternal Asia Group, SDM Education, TigerBCDAO, Sunfund Fortuna Global Opportunities. BiFinance is a cryptocurrency exchange platform that allows users to buy, sell, and trade digital assets like Bitcoin and Ethereum. It features a user-friendly interface, robust security measures, and offers a variety of trading pairs. The platform aims to cater to both beginners and experienced traders, providing a convenient and reliable experience in the crypto market.
Skyfire, Blockchain Infrastructure with $8.50M raised from Circle, Draper Associates, Gemini, Ripple. Skyfire is a financial stack designed for the AI economy, offering an instant, global payment system for AI Agents, LLMs, data platforms, service providers, and other goods and services. It enables autonomous transactions without human oversight, supported by the stablecoin USDC. Skyfire's network also opens up new opportunities for providers in the AI ecosystem, allowing AI Agents to seamlessly access a wide range of digital services, from data analysis to complex problem-solving.
