Crypto Fundraising weekly
Dates: 29 Sep – 05 Oct 2024

This week's biggest funding round

SecondLive raised $12M in a Private funding round from Crypto com Capital*, Spark Digital Capital, Cypher Capital, MetaEstate, Taisu Ventures, NewTribe Capital, BitValue Capital, Titans Ventures, Newave Capital, Kinetic Kollective (ex CSP DAO).

SecondLive is a metaverse platform that allows users to create avatars, explore virtual spaces, and participate in a wide range of activities. With over 1 million users, SecondLive enables self-expression and creativity through its robust user-generated content tools. The platform supports social interactions, entertainment, events, and a marketplace for trading digital assets. Backed by Binance Labs, SecondLive offers a seamless Web3 experience by merging a virtual lifestyle with real-world applications. Users can explore various spaces, create and trade NFTs, and even attend metaverse concerts in this immersive digital universe.

Pre-seed and Seed investment rounds

LAYER raised $6M in a Seed funding round from 1kx*, Fabric Ventures, Arrington Capital, IOBC Capital, Sreeram Kannan, Paul Taylor.

Layer is an Ethereum scaling solution that leverages Web Assembly (Wasm) to offer a flexible development environment. This allows developers to write blockchain applications in languages like Rust, enabling these applications to run across various devices, including iPhones. Layer’s core product, “Layer SDK,” enables developers to build full-stack blockchain applications, which include smart contracts, custom consensus mechanisms, and off-chain verifiable services such as AI agents, ZK provers, serverless functions, and decentralized messaging servers. The platform aims to simplify blockchain development while enhancing scalability and functionality on Ethereum.

Other investment rounds

Sophon raised undisclosed amount in a  funding round from Binance Labs Fund.

Sophon is a platform focused on bringing consumers an engaging and culturally rich ecosystem of applications. Sophon is a platform built on a validium leveraging ZKsync's Elastic Chain. Sophon's network architecture seamlessly handles high-throughput applications like socialfi and gaming. By weaving crypto rails invisibly into our platform's fabric, we enable users to enjoy on-chain benefits without encountering the typical complexities. This approach creates an environment where the power of the chain enhances consumer experiences, without drawing attention to itself.

Synnax Technologies raised $1.6M in a  funding round from Wintermute, TON Ventures.

Synnax is an innovative platform introducing AI Credit Intelligence for privacy-focused credit analysis, empowering businesses to secure credit ratings while safeguarding data privacy. Utilizing blockchain, encryption, and decentralized AI, Synnax offers manipulation-resistant credit ratings and real-time credit intelligence, providing transparent methodologies and predictive financial metrics for a holistic view of a company's financial performance.

RD Technologies raised $7.8M in a Series A  funding round from HongShan (ex Sequoia China), Hivemind, Aptos Labs, Hash Global, SNZ Holding, Solana Foundation, Anagram, Upward Capital.

RD Technologies is a fintech company aiming to revolutionize payments and commerce with enhanced trust, stability, and efficiency. The company is behind HKDR, a stablecoin backed by the Hong Kong Dollar, which aims to push the capabilities of digital currencies and expand the Web3 economy across Hong Kong and Asia. Additionally, RD Technologies offers RD Wallet, a licensed Stored Value Facility that allows businesses, both local and international, to open mobile accounts and make quick, secure, multi-currency transactions, anywhere and anytime.

* fund, that lead investment round