According to incomplete statistics from CoinVoice, over 16 blockchain project financings were announced this week (August 4-8), including four deals exceeding $10 million. This included Satsuma Technology's approximately $218 million raised through its second round of convertible loan notes, the week's largest financing. Other popular projects included Euphoria, a crypto derivatives trading platform, and STAN, a social gaming platform. Among investment and financing sectors, infrastructure was particularly active this week. Below is a summary of this week's financing events.
Spanish crypto exchange Bit2Me completes €30 million funding round, led by Tether
Spanish crypto exchange Bit2Me announced the completion of a €30 million funding round led by Tether Ventures, a subsidiary of Tether. The funds will support Bit2Me's expansion within the EU and strengthen its operations in Latin America, particularly Argentina. Previously, Bit2Me became the first Spanish-speaking crypto-asset service provider (CASP) authorized by the Spanish National Securities Market Commission (CNMV), complying with the EU's Markets in Crypto-Assets Directive (MiCA). With the MiCA license, Bit2Me can legally operate in all 27 EU member states.
Scenius Capital Closes $20 Million in Funding for Emerging Crypto Venture Fund
Scenius Capital co-founder and managing partner Ben Jacobs said the firm just closed a “slightly oversubscribed” $20 million funding round that will be used to invest in a fund of funds of emerging crypto venture funds.
Crypto derivatives trading platform Euphoria completes $7.5 million seed round of financing
Euphoria, a crypto derivatives trading platform, announced the completion of a $7.5 million seed round of funding, led by Karatage, with participation from Figment Capital, Robot Ventures, Bankless Ventures, First Commit, Hash 3, Comfy Capital, and Kosmos Ventures. Euphoria is developing a mobile app designed to simplify cryptocurrency derivatives trading, such as options and perpetual contracts, for everyday users and expects to launch its Tap trading product on the MegaETH mainnet later this year. (The Block)
Perle, a Web3-based AI project, raises $9 million in seed funding led by Framework Ventures
Perle, a Web 3-based artificial intelligence project, has secured $9 million in seed funding led by Framework Ventures. This round brings the project's total funding to $17.5 million.
With the new funding, Perle will launch Perle Labs, a product designed to improve how AI models are trained using blockchain rails, user payment incentives, and on-chain attribution. According to Perle's website, Perle provides curated data and human auditors. Perle previously raised $8.5 million in a seed round led by CoinFund in October 2024. (TheBlock)
Indian game developer SuperGaming completes $15 million in Series B funding
According to Tech in Asia, SuperGaming has secured $15 million in Series B funding, valuing the company at $100 million. The round was led by Skycatcher and Steadview Capital, with participation from a16z Speedrun, Bandai Namco 021 Fund, Neowiz, and Polygon Ventures. The Pune and Singapore-based game studio will use the new funds to further launch its massively multiplayer battle royale game, Indus Battle Royale, in Latin America. SuperGaming's portfolio includes MaskGun, Battle Stars, and Silly Royale.
Decentralized prediction market Bayes Labs completes $2 million strategic round of financing
Decentralized prediction market Bayes Labs announced the completion of a $2 million strategic round of financing, with participation from Singapore's GreenVision Fund, Jkapital Ltd., and Bearcat. The new funds will be used to accelerate Bayes Labs' product development, regional expansion, and user growth, especially in Asia.
Satsuma completes approximately US$218 million in financing, with participation from ParaFi Capital and others
London-listed Satsuma Technology announced that it has completed approximately US$218 million in financing through the second round of convertible loan note issuance. ParaFi Capital, Pantera Capital, Arrington Capital, Blockchain.com, Kraken, DCG and Kenetic Capital participated in the investment. It is reported that nearly US$125 million of the funds were settled in Bitcoin to enhance its Bitcoin funding strategy.
Social gaming platform STAN completes $8.5 million in funding, with participation from Google's AI Futures Fund
STAN, a social gaming platform, announced that it has secured $8.5 million in funding, with participation from Google's AI Futures Fund, Aptos Labs, Bandai Namco 021 Fund, Square Enix, Nazara, King River Capital, General Catalyst, and GFR Fund. This brings the company's total funding raised to approximately $15 million. STAN monetizes through game victory rewards called "Gems" and commissions from its Creator Club, and supports redemption for e-commerce vouchers such as Amazon.
On-chain trading platform ANT.FUN completes multi-million dollar Series A financing, led by Folkman Venture
According to official news, the on-chain trading platform ANT.FUN announced the completion of a multi-million dollar Series A financing round, led by Folkman Venture, an investment institution under Zheng Zhigang, and participated by Adrian Cheng and others.
It is reported that ANT.FUN focuses on providing users with a smooth, secure and professional trading experience on desktop and mobile terminals. This round of financing will be used to enhance the platform's technical strength and user experience.
Web3 gaming platform Panu Software completes $1 million in equity financing, with participation from Delin Holdings Private Equity Fund
Pangu Software, a Singapore-based decentralized Web3 gaming platform, announced the completion of a US$1 million equity financing round. A private equity fund managed by a wholly-owned subsidiary of Delin Holdings participated in the investment. The fund subscribed for 1,041 common shares and received an option to subscribe for an additional 1,041 shares under the same terms. Following the transaction, the fund holds approximately a 2% stake in Pangu. The new funds are reportedly intended to be used to leverage blockchain and artificial intelligence technologies to enhance user engagement, digital asset ownership, and game monetization.
Fundamental Global Completes $200 Million Private Funding, with Galaxy Digital and Others Joining
Fundamental Global announced it has closed a $200 million private placement, with participation from Kraken, Hivemind Capital, Syncracy Capital, Digital Currency Group (DCG), and Kenetic. The company will soon be renamed FG Nexus and its Nasdaq ticker symbol will be changed to FGNX and FGNXP. The funds raised will reportedly support its ETH acquisition strategy. (Globenewswire)
Fundamental Global Completes $200 Million Private Funding, with Galaxy Digital and Others Joining
OpenMind, a Silicon Valley-based intelligent machine infrastructure company, announced that it has completed a $20 million financing round led by Pantera Capital, with participation from Ribbit, Sequoia Capital, Coinbase Ventures, DCG, Lightspeed Faction, Anagram, Pi Network Ventures, Topology, Primitive Ventures, Amber Group and other institutions and several well-known angel investors.
Founded by Stanford University Professor Jan Liphardt, OpenMind is dedicated to building a universal operating system and decentralized collaborative network for intelligent machines, enabling robots of all manufacturers and forms to securely trust each other, share information, and collaborate globally. Its core products include the OM-1 operating system and the FABRIC collaboration protocol. The former empowers robots of all kinds with perception, adaptation, and action, while the latter provides cross-platform authentication and secure collaboration. Together, they create an open and secure "nervous system" for robots worldwide.
This round of funding will be used to expand the engineering team and collaborate with more manufacturers to apply OM 1 and FABRIC to scenarios such as autonomous driving, smart manufacturing, and elderly care. (Techcrunch)
Fundamental Global Completes $200 Million Private Funding, with Galaxy Digital and Others Joining
According to GlobeNewswire, AI-driven crypto trading platform Kuvi.ai announced the completion of a $700,000 seed round of financing, led by Moon Pursuit Capital and participated by Transform Ventures investor Michael Terpin and others, with a valuation of $30 million.
The company aims to use the new funds to support its messaging-based trading platform, simplifying the crypto trading interface in a conversational manner.
