According to incomplete statistics from CoinVoice, there were over 11 disclosed blockchain project financing cases this week (July 7—July 11), with six financing rounds exceeding ten million dollars, including publicly listed Upexi (NASDAQ: UPXI), which announced the completion of a total of $200 million in financing, making it the largest financing event of the week. Other popular projects include the cryptocurrency OTC settlement platform BridgePort and DeFi asset management protocol Velvet. This week, the infrastructure sector was particularly active in the financing segment. Below is a summary of this week's financing events.
Upexi completed $200 million in funding, planning to continue increasing its Solana holdings.
According to official news, publicly listed company Upexi (NASDAQ: UPXI) announced the completion of a total of $200 million in financing, including approximately $50 million in ordinary shares and $150 million in convertible notes. The company stated that part of the funds will be used for existing business expansion, while the remainder will be used to increase Solana assets.
Ordinary shares are issued at $4 per share, with CEO Allan Marshall subscribing at $4.94 per share, expected to close on July 14. The convertible notes have an annual interest rate of 2%, with a fixed conversion price of $4.25 per share, supported by investors staking SOL, and are expected to close on July 16. This note financing is led by Big Brain Holdings.
After the completion of funding, Upexi's Solana holdings will increase to approximately 1.65 million, more than doubling from the previous 736,000. The company plans to continue increasing its SOL holdings with the proceeds from equity financing in the coming weeks. This round of financing was exclusively arranged by A.G.P./Alliance Global Partners.
YZi Labs announces a strategic investment in the blockchain infrastructure platform Aspecta.
According to official news, YZi Labs announced a strategic investment in the blockchain infrastructure platform Aspecta, providing price discovery and lifecycle liquidity for illiquid assets (such as pre-issue stocks, locked tokens, private equity, risk-weighted assets, etc.).
UK-listed company The Smarter Web Company completed £10.34 million in funding.
According to an announcement from the UK-listed company The Smarter Web Company, the company has completed a subscription financing of £10.3415 million (pre-tax) by issuing 3,182,013 new ordinary shares at a price of £3.25 per share. The new shares are expected to be effective and listed on July 14. After this financing, The Smarter Web Company's total number of issued shares will reach 259,649,448 shares, with existing shareholders (including board members) being diluted by approximately 5.46%.
Earlier news reported that The Smarter Web Company increased its Bitcoin holdings by 226.42 coins on July 7, bringing its total holdings to 1,000 coins, with a total investment of £78.22 million.
Tether's strategic investment in blockchain forensics company Crystal Intelligence.
According to CoinDesk, Tether announced a strategic investment in blockchain forensics company Crystal Intelligence to combat cryptocurrency crime, with specific investment amounts not disclosed.
With the increase in cryptocurrency-related scams and fraudulent activities, Tether is committed to curbing illegal use of its USDT stablecoin.
Stablecoin startup Agora completed $50 million in Series A funding, led by Paradigm.
Stablecoin startup Agora announces the completion of $50 million in Series A funding, led by Paradigm. The company completed $12 million in seed funding last year, and after this financing, Agora aims to create its own stablecoin AUSD, a cryptocurrency pegged to assets like the US dollar. (Fortune)
Web3 gaming platform Remix completes $5 million in funding, with participation from Coinbase Ventures and others.
Web3 gaming platform Remix announces the completion of $5 million in funding, led by Archetype, with participation from Variant, Coinbase Ventures, Lemniscap, and Zynga co-founder Justin Waldron. Remix was initially named Farcade and aims to become the 'TikTok of gaming.' Currently, Remix is live on Telegram (using TON) and the EVM-based World app, with its main on-chain feature allowing users to connect their Farcaster and World identities to mini-programs. An on-chain monetization toolkit is expected to launch in a few weeks. (Blockworks)
Artificial intelligence laboratory Harmonic completes $100 million in Series B funding, with participation from Paradigm.
Artificial intelligence laboratory Harmonic announces the completion of $100 million in Series B funding, led by Kleiner Perkins, with participation from Paradigm, Ribbit Capital, Sequoia Capital, Index Ventures, and Charlie Cheever, resulting in a post-investment valuation of $900 million. Harmonic is currently building software verification and code verification capabilities based on Mathematical Super Intelligence (MSI), primarily applied in industries such as blockchain and financial services. The company raised $75 million in Series A funding last September.
DeFi asset management protocol Velvet completed $3.7 million in funding, with participation from YZi Labs and others.
DeFi asset management protocol Velvet Capital announces the completion of $3.7 million in funding, with participation from YZi Labs, Blockchain Founders Fund, FunFair Ventures, Selini Capital, Mucker Capital, PAKA, LucidBlue, Mindfulness Capital, SkyVision Capital, Gate Labs, Poolz Ventures, NexGen, Cointelegraph Accelerator, Gains Associates, Rarestone, Echo, and DWF Ventures. It is reported that this funding will provide frictionless portfolio management and trading for funds, DAOs, and individual traders while promoting its governance and utility tokens.
NEXBRIDGE and NEXPLACE complete $8 million Series A funding, led by Fulgur Ventures.
Bitcoin-native financial infrastructure NEXBRIDGE and NEXPLACE completed $8 million in Series A funding, led by Fulgur Ventures. It is reported that NEXBRIDGE and NEXPLACE currently operate as independent entities but share the same group of shareholders and strategic roadmap, planning to merge into a holding company after completing necessary corporate and judicial steps. (Chainwire)
Cryptocurrency OTC settlement platform BridgePort completed $3.2 million in seed funding.
Cryptocurrency OTC settlement platform BridgePort completed $3.2 million in seed funding, led by Further Ventures, with participation from Virtu, XBTO, Blockchain Founders Fund, Fun Fair Ventures, and Humla Ventures. The company plans to enhance its collateral and credit features in future updates. The company provides a middleware solution that connects exchanges, custodians, and trading firms. This solution aims to optimize capital allocation and post-trade processes through real-time messaging and collateral management while addressing pre-funding requirements, credit risks, and settlement inefficiencies.
Monad ecosystem DEX project Kuru Labs completes $11.5 million in Series A funding, led by Paradigm.
Kuru Labs announces the completion of $11.5 million in Series A funding, led by Paradigm. Kuru Labs is a startup building a decentralized exchange on Monad Layer 1, using a 'hybrid CLOB-AMM model' that combines automated market maker (AMM) functionality with the central limit order book (CLOB) architecture of traditional exchanges. (The Block)
The Swedish company Hilbert Group, listed on the US stock market, has secured $21 million in funding to support its cryptocurrency reserve strategy.
According to disclosures from the Swedish company Hilbert Group listed on the US stock market, the company has obtained over 200 million Swedish Krona (approximately $21 million) in long-term financing from a US institutional partner. This funding will partially support its previously announced cryptocurrency reserve strategy, aiming to seize the opportunity of institutional adoption growth for Bitcoin, especially among publicly listed companies in Europe. Hilbert Group will launch a dedicated transparency dashboard to provide real-time visibility of cryptocurrency holdings and will combine active asset management, strict compliance, and transparent reporting. The company's CEO Barnali Biswal stated that this financing is an important milestone in executing its strategic plan, reflecting the market's recognition of Hilbert as a regulated publicly listed company in the European digital asset space.
