Crypto Fundraising weekly
Dates: 15 – 21, Dec 2024

This week's biggest funding round

Riot raised $594.4M in a funding round from .

Riot is a Texas-based Bitcoin mining and colocation company, leading the industry with North America's largest Bitcoin mining facility. By emphasizing the convergence of money and energy, Riot Blockchain contributes to the growth of Bitcoin's value and drives advancements in energy grids and power generation capacity.

Pre-seed and Seed investment rounds

BitDCA (Littlebit) raised $2M in a Pre-seed funding round from .

BitDCA is a Prague-based platform simplifying Bitcoin savings through its app, Littlebit, which automates Bitcoin purchases using the dollar-cost averaging (DCA) strategy. Users can effortlessly accumulate Bitcoin with everyday card transactions.

Silencio raised $2.5M in a Seed funding round from Blockchange Ventures*, Borderless Capital, Master Ventures, Blockchain Founders Fund (BFF), Prosper GmbH & Co. KG, Advanced Blockchain AG.

Silencio is a community-powered network addressing noise pollution by incentivizing users to provide hyper-local noise data through a free application. Positioned as the largest citizen science project globally, Silencio allows users to share their surrounding sound levels, earn rewards, and monetize their data, contributing to more accurate noise mapping for industries like real estate, hospitality, well-being, insurance, government, and academia, ultimately aiming to combat noise pollution and enhance global quality of life.

Fraction AI raised $6M in a Pre-seed funding round from The Spartan Group*, Symbolic Capital (ex Hyperedge Capital)*, Borderless Capital, Anagram, Foresight Ventures, PAKA, MH Ventures, Karatage, Cogitent Ventures, Generative Ventures, Oak Grove Ventures, Mask Network, Next Web Capital, Kosmos Ventures, Builder Capital, Sandeep Nailwal, Illia Polosukhin.

Fraction AI is a decentralized platform that leverages blockchain technology to create high-quality labeled datasets for training AI models. By combining human intelligence and autonomous agents, it facilitates the submission, labeling, and verification of diverse data types—including text, images, audio, and video—ensuring data quality through a reputation-based consensus mechanism. Contributors and verifiers are incentivized with FRAC tokens, promoting community ownership and universal accessibility of datasets.

Promeet raised $3.1M in a Pre-seed funding round from .

Promeet is a platform enabling content creators to host and monetize live events, performances, and meetings. With secure blockchain-powered payments, creators can charge entry or hourly fees, earning instantly. Promeet supports real-time audience engagement and personalized content promotion, empowering creators to turn their content into revenue.

Juicyway raised $3M in a Pre-seed funding round from P1 Ventures*, Ventures Platform Fund, Future Africa, Magic Fund, Microtraction.

Juicyway is a financial platform offering multi-currency accounts, seamless currency exchanges, and local or international transfers. Supporting digital assets like BTC, ETH, and stablecoins, it enables secure trading, earning, and withdrawals. Juicyway ensures compliance, transparent fees, and provides APIs for integrating global payment capabilities.

Other investment rounds

DuckChain raised $5M in a  funding round from dao5 (daofive), Offchain Labs, Kenetic, DWF Ventures, Oak Grove Ventures, Skyland Ventures, GeekCartel, Gate Labs, Presto Labs, Camelot, Quantstamp.

DuckChain is the consumer layer on The Open Network (TON), designed to seamlessly bridge TON with global crypto ecosystems and facilitate Web2-to-Web3 experiences. Leveraging Arbitrum Orbit’s infrastructure, it enhances scalability and interoperability, enabling developers to deploy Ethereum-compatible smart contracts within the TON environment. DuckChain introduces the Initial Star Offering (ISO), which tokenizes Telegram Stars to expand their Web3 capabilities.

Beam raised $250K in a  funding round from DWF Labs.

Beam is a blockchain gaming ecosystem with its own Avalanche-based network, offering tools for game developers, seamless Web3 integrations, and a community-focused platform for gamers.

CELL Studio (UTXO Stack) raised undisclosed amount in a Series A  funding round from UTXO Management, CMS Holdings, PAKA.

UTXO Stack is a modular Bitcoin Layer 2 blockchain launch platform developed by CELL Studio. It enables developers to create high-performance, scalable parallel chains with Turing Complete smart contracts, secured through staking BTC, CKB, and other Bitcoin Layer 1 assets. By fostering seamless scalability without compromising network security, UTXO Stack supports the growth of the Bitcoin ecosystem and its Layer 2 solutions.

Kettle raised $4M in a  funding round from ParaFi Capital*, Zee Prime Capital, Kronos Research, Signum Capital, IOSG Ventures, Puzzle Ventures, OSF, Gmoney.

Kettle is a peer-to-peer marketplace enabling users to trade luxury watches based on their full financial value. Offering 24/7 global access, Kettle ensures every watch is authenticated, insured, and securely stored in the Kettle Vault in New York. It empowers collectors with a seamless and trusted trading experience.

Flock raised $3M in a Strategic  funding round from Digital Currency Group (DCG)*, Lightspeed Faction, Animoca Brands, Fenbushi Capital, Gnosis DAO, Bas1s Ventures, A41, GSR Markets LTD.

Flock is developing a platform leveraging federated learning for privacy-focused decentralized machine learning. Aimed at revolutionizing industries through decentralized AI, Flock introduces a competitive edge in machine learning with an open leaderboard and sponsored training tasks, fostering a community-driven approach to AI development.

Derive (ex Lyra) raised $500K in a Public sale  funding round from .

Derive is a decentralized protocol designed to create programmable on-chain options, perpetuals, and structured financial products. Built on Derive L2, an Ethereum rollup on the OP Stack and governed by a DAO, it features modular architecture for flexible upgrades. The protocol uses subaccounts, assets, and managers to ensure efficient trade execution, risk management, and liquidity optimization. With support for perpetual futures, European options, and wrapped ERC20 assets, Derive empowers users to engage in decentralized trading and lending markets while enhancing capital efficiency and security.

Treehouse Finance raised undisclosed amount in a Grants  funding round from Compound Labs.

Treehouse is a DeFi analytics platform that delivers data, analytics, and risk management to DeFi users and to drive community innovation.

Plume Network raised $20M in a  funding round from Brevan Howard Digital*, HAUN Ventures*, Lightspeed Faction*, Galaxy Digital*.

Plume Network is a public blockchain for scaling RWAs, designed to provide a full-stack infrastructure for compliant deployment of any asset class. It supports activities like earning yield, borrowing/lending, trading, and speculating with leverage, while integrating compliance measures such as KYC and AML. Currently in private testnet, Plume has over 80 RWA and DeFi projects building on its network and utilizes Arbitrum Orbit for its EVM chain and Celestia for data availability, ensuring fast transactions and low fees.

Lens Protocol raised $31M in a Strategic  funding round from Lightspeed Faction*, Avail, Alchemy Ventures, Circle Ventures, ConsenSys, Digital Finance Group (DFG), Fabric Ventures, Foresight Ventures, Superscrypt, Re7 Capital, Wintermute Ventures, Caliber Ventures, G20 Group, Blockchain Coinvestors, Borderless Capital, Bodhi Ventures, Alex Gluchowski, Aleksander Larsen, Illia Polosukhin, Anurag Arjun, Anton Bukov, Spencer Noon.

Lens Protocol is a user-owned Web3 social graph on the Polygon blockchain, empowering creators and enabling portability of content and connections. It prioritizes modularity and eliminates monopolistic fees, offering a decentralized and composable social media experience.

Masa raised undisclosed amount in a Strategic  funding round from Digital Currency Group (DCG)*, FBG Capital.

Masa is building a decentralized Zk-data marketplace and network, envisioning a "decentralized Google" for the AI era. With a focus on privacy, Masa aims to build an open and incentivized economy for personal data, offering features like Masa Analytics for cookieless insights, Masa Growth campaigns for community engagement, and a developer hub for building privacy-preserving decentralized applications and AI models on their zk-data network.

Hexagate raised undisclosed amount in a M&A  funding round from Chainalysis.

Hexagate is a Web3 security platform that provides real-time threat prevention and risk analytics to safeguard digital assets and smart contracts from cyber exploits, hacks, and financial risks. Their services cater to protocols, chains, asset managers, exchanges, Web3 applications, and wallet providers, offering proactive measures to prevent financial losses before they occur.

StablR raised undisclosed amount in a  funding round from Tether.

StablR is a financial technology company that offers an institutional-grade stablecoin platform, allowing businesses to create, manage, and redeem euro-denominated stablecoins (EURR). These stablecoins are fully backed by fiat assets, providing a secure and stable alternative to traditional currencies.

BVNK raised $50M in a Series B  funding round from HAUN Ventures*, Coinbase Ventures, Tiger Global.

BVNK is a fintech company that provides stablecoin payment infrastructure, bridging traditional banking systems with blockchain technology to facilitate faster and more efficient global money movement.

Prometheum raised $20M in a  funding round from .

Prometheum is a blockchain-based platform designed for the issuance, trading, settlement, and custody of digital asset securities within a regulated framework. Founded by a team of Wall Street attorneys, it aims to bridge traditional financial systems with the emerging digital asset market.

Fuel Network raised $4.5M in a Public sale  funding round from .

Fuel is a layer-2 scalability technology designed to provide the world's fastest modular execution layer. It is built as a verifiable computation system for the modular blockchain stack, delivering maximum security, flexible throughput, and a superior developer experience. Fuel's technology stack consists of parallel transaction execution, the Fuel Virtual Machine, and a powerful developer experience. It was the first optimistic rollup on mainnet Ethereum, and its goal is to empower blockchain developers with the richest features and to build the engine for the autonomous future.

Oasys raised undisclosed amount in a  funding round from Animoca Brands Japan.

Oasys is a public blockchain designed specifically for gaming, featuring fast transactions, zero gas fees, and an eco-friendly approach. It utilizes a unique multi-layered architecture that includes a highly scalable Layer 1 and a specialized Layer 2 for scaling solutions.

Keypom raised undisclosed amount in a M&A  funding round from Infinex.

Keypom is a platform that simplifies onboarding and transactions on the NEAR blockchain by allowing users to experience decentralized applications without the need for a pre-existing wallet. It achieves this through customizable linkdrops, enabling the distribution of assets such as NEAR tokens, fungible tokens, and NFTs via simple links. Developers can utilize Keypom’s open-source tools and SDKs to create seamless Web3 experiences, including ticketing, DAO onboarding, and trial accounts, thereby lowering entry barriers for new users.

Gasp (ex Mangata Finance) raised $450K in a Public sale  funding round from .

Gasp is a cross-chain exchange protocol designed to enable seamless transfers between Ethereum scaling networks such as Arbitrum and Optimism, with future expansion to other blockchains. Positioned as a Layer 2 cross-rollup solution, Gasp aims to establish Ethereum as the primary settlement layer for cross-chain transactions, providing native cross-chain swaps utilizing escape hatches, ZK proofs, and decentralized sequencers to ensure the security and integrity of user funds across networks.

Omnia Protocol raised undisclosed amount in a  funding round from ChainGPT Labs*, Castrum Capital, IBC Group, x21 Digital, Fusion7 Venture Capital, Titans Ventures, RPC Foundation.

OMNIA provides secure, private RPC infrastructure tailored for DeFi traders across 70+ blockchain networks, including Ethereum, BSC, and Solana. It addresses challenges like front-running, MEV exploitation, and high transaction volume with features like frontrunning protection, MEV cashback, and real-time transaction streams. OMNIA integrates wallets like MetaMask and WalletConnect, ensuring seamless connections between wallets, dApps, and nodes, while supporting node runners with performance-based incentives.

Andrena (DAWN) raised $2.5M in a  funding round from VanEck.

Andrena is a decentralized wireless internet provider aiming to revolutionize broadband access through blockchain technology. By leveraging the Solana blockchain, Andrena provides a cost-effective and efficient solution for delivering high-speed internet to underserved and remote areas. The platform employs a decentralized infrastructure where users can contribute bandwidth and earn rewards, ensuring wider internet coverage and reliability.

Bitdrome raised undisclosed amount in a  funding round from BEVM, Michael Egorov.

Bitdrome Finance is a decentralized exchange (DEX) leveraging Curve’s next-generation AMM to act as a liquidity hub for the Bitcoin ecosystem. Users can swap tokens and provide liquidity via Bitdrome’s smart contracts.

Mest raised undisclosed amount in a M&A  funding round from NFTGo.

Mest is a crypto portfolio management platform that provides accounting, analytics, and personalized insights for cryptocurrency wallets. It enables users to track their holdings, costs, profits, and losses across multiple wallets and exchange accounts, offering a clear overview of their crypto assets. Mest also features on-chain news updates and supports cross-chain swaps, enhancing the user experience in managing and trading digital assets.

DexCheck AI raised undisclosed amount in a  funding round from ChainGPT Labs.

DexCheck is an AI-powered analytics platform designed to enhance cryptocurrency and NFT trading. It offers real-time data, intelligent dashboards, and AI-driven insights to help traders make informed decisions. Key features include token analytics, wallet analysis, crypto whale tracking, and tools like InsightsGPT for AI-driven crypto signals. DexCheck also provides Telegram bots for seamless trading and wallet tracking, supporting multiple blockchain networks such as Ethereum, BNB Chain, and Solana.

* fund, that lead investment round