A total of 21 financing events were held this week, BTC financial services company Swan closed a $165 million funding round | Investment and Financing Weekly

According to Foresight News, from December 2 to December 8, a total of 21 investment and financing events occurred in the crypto market, including 8 in tools and infrastructure, 5 in DeFi, 2 in asset management, 3 in blockchain games and NFTs, and 3 in Web3. The total amount of investment and financing disclosed is approximately $290 million.

Summary chart of the total amount of disclosed financing and the number of financing transactions at the weekly level:

This week, some investment and financing projects are sorted by financing amount as follows:

This week, more than 100 million yuan was raised, and Swan, a BTC financial services company, completed a $165 million financing and will launch a BTC lending product. There were four $10 million funding rounds, including Mocaverse’s $11.88 million funding round with participation from Foresight Ventures, $18 million funding round from BTC staking protocol Babylon led by Polychain Capital and Hack VC, $15 million funding round for Layer1 blockchain QANplatform with investment from MBK Holding, and blockchain insurtech Igloo closes $36 million pre-financing Series C led by Eurazeo.

In the investment and financing segment, the instrument infrastructure was more active this week, and the asset management field was relatively sluggish.

In terms of institutions, this week’s active institutions include Polychain Capital, MBK Holding, and Eurazeo, among others, with a main focus on the tools and infrastructure sector.

Tools & Infrastructure

Crypto Data Startup Shadow Closes $9 Million Seed Round

Shadow’s first product, which allows users to enhance their contracts with custom events and viewing capabilities to get the exact data they need, is now available for demo. Shadow uses a “shadow fork” to provide a private execution environment designed to reflect the state of a public blockchain in real time.

QANplatform Closes $15 Million Funding Round

QANplatform is a Layer1 blockchain that is resistant to quantum computing attacks.

DePIN Project WiCrypt Receives $150,000 Grant from Microsoft

WiCrypt has recently launched its first WiFi hotspot on Peaq, a decentralized physical infrastructure blockchain, allowing users to share their idle WiFi bandwidth with others to mine the WiCrypt network token, WNT.

Rhinestone Closes Pre-Seed Round

Rhinestone is building a platform to enable a secure ecosystem for smart account modules and enable permissionless wallet innovation. Rhinestone will enable any developer to build a smart account module that can be paired with front-end components so that users can easily install, remove, or replace their accounts.

Sindri Closes $5 Million Seed Round

Sindri enables developers to verify data with zero-knowledge proofs and use it for research use cases and blockchain applications. Previously, Sindri raised a $2 million Pre-Seed round in June 2022.

ETH Workshop Expansion Company Versatus Labs Closes $2.3 Million Seed Round at $50 Million Valuation

Versatus Labs is currently building a “stateless rollup” called LASR, which does not maintain the entire state or data, but only takes the “absolutely necessary data” of the transaction and settles it on the base layer.

Ten Closes $7.5 Million Funding Round

Ten is a ETH L2 network.

Blockchain InsurTech Company Igloo Closes $36 Million Series C Pre-Funding Round

Founded in 2016, Igloo has launched Ignite by Igloo, an AI-powered productivity-enhancing platform for sales intermediaries in Vietnam, which is available in Indonesia.

DeFi

BTC financial services firm Swan closes $165 million funding round to launch BTC lending product

Through its lending product, Swan users can deposit BTC as collateral and receive approximately 50% USD-denominated loans at “low double-digit” interest rates. Swan will find creditors to lend the funds, collect origination fees, and spread interest rates on their borrowings and borrowings.

Decentralized Agriculture Financing Agreement LandX Closes $5 Million Funding Round

Bringing agricultural assets and tokenized farmland into the decentralized finance ecosystem, LandX will provide farmers with upfront capital in exchange for a percentage of their future harvest, with financing secured by underlying farmland, providing investors with the potential opportunity to earn tangible asset-backed sustainable yields.

Curvance Closes $3.6 Million Seed Round

Curvance is a DeFi platform

Babylon Closes $18 Million Funding Round

Babylon’s staking service incorporates BTC Ordinals technology, which is designed to allow BTC to have other uses besides a store of value.

DeFi protocol Jellyverse closes $2 million seed round

Jellyverse is a decentralized financial services platform built on DeFiMetaChain, an EVM-compatible Layer 2 network, and its products will include JLY, Jellyswap, Jellystake, JellyBond, and jUSD.

Asset Management

Pyth Data Association Closes New Funding Round

The Pyth Data Association is a non-profit organization focused on the development of the oracle project, the Pyth Network.

Aether Games has partnered with EnigmaFund to complete seed and strategic funding rounds with Excelsior

Excelsior is an investment and financing service portal for individual investors that integrates all processes of Web3 investing, including fundraising, allocation management, token allocation, compliance, and over-the-counter transactions, giving individual investors the opportunity to participate in investment and financing transactions that were once the exclusive domain of institutional participants.

NFTs and chain games

OKX Ventures Strategically Invests in Web3 Maker Platform StarryNift

StarryNift is a Web3 platform that combines gamification, large-scale collaboration, and virtual worlds to provide users with the issuance and trading of digital collectibles.

CARV Closes New Strategic Funding Round

CARV is a data-sharing protocol and gaming superapp.

Endless Clouds Closes $2.5 Million New Funding Round

Endless Clouds is a blockchain game developer.

Web3

Mocaverse Closes $11.88 Million New Funding Round

Mocaverse is creating the Web3 Frequent Player Program, a loyalty system powered by Mocaverse Loyalty Points (Realm Points).

Gacha Monsters Closes $3 Million Seed Round

Gacha Monsters will launch an alpha version of the Poglin game in the first quarter of 2024, with plans to build Poglin into a multimedia IP spanning anime, games, Web3, and physical merchandise.

Web3 streaming protocol Sona closes $6.9 million seed round

ona uses modules built on DeFi to provide artists with token-based streaming content, music auctions, governance rewards, and other services, and distributes a certain percentage of the proceeds from music auctions to artists and platform parties

Miscellaneous

Meanwhile Subsidiary Launches BTC Private Credit Fund

Meanwhile Advisors, an investment management arm of a subsidiary of Meanwhile Group, a BTC-denominated life insurance provider, announces the launch of Meanwhile BTC Private Credit Fund LP, a BTC private credit fund designed to attract institutional investors seeking a BTC growth orientation while offering conservative BTC-denominated yields.

Blockchain Investment Company Spirit Blockchain Capital Completes New Round of Fundraising

Spirit Blockchain Capital currently focuses on strategic equity and token-based investments in technology startups in the Web3 space, including GameFi, metaverse, eSports, NFTs, and fintech, most recently participating in DeFi yield platform Coinchange.

Indian Angel Network’s fund “IAN Alpha Fund” has completed a $42 million fundraising, which will invest in Web3, metaverse and other fields

Indian Angel Network announced that its second fund, the IAN Alpha Fund, has raised US$42 million from investors including SIDBI (Small Industry Development Bank of India), SRI Fund and IAN Fund I.

The fund will focus on investing in fintech, deep technology, Web3, metaverse, Industry 4.0 and more.