Monzo, a new bank in the UK, has raised $190 million in funding with Hedosophia and CapitalG (Alphabet's independent growth fund) leading the way. This latest funding round brings Monzo's total funding for the year to $610 million, with a post-funding valuation of $5.2 billion. Monzo CEO and co-founder TS Anil stated that the plan is to use this cash to create new products and accelerate international expansion plans.

Web3 incubation service provider BlockBooster announced the completion of a $1.5 million seed round of financing, led by OKX Ventures, with participation from Conflux Network, Neighbor Capital Series, IceRiver Venture, and Bitcoin Lab. It is reported that BlockBooster's incubation model focuses on the infrastructure, social, and gaming fields of Web3, providing comprehensive support for high-quality projects to improve their success rate and shorten development cycles.

Web3 infrastructure startup Hemera announced the completion of a $2.6 million seed round of financing, led by LIF Capital and Nomad Capital, with participation from SNZ, Chainlink, Sending Labs, ZetaChain founders, and Microsoft Senior Vice President and AI expert Harry Shum.It is reported that the company is building its decentralized protocol, which uses artificial intelligence to solve the on-chain data query problem that plagues multi-chain ecosystems. Hemera also announced the launch of the public test version of the Hemera protocol to support developers in creating Web3 large-scale language model operating systems after the completion of this round of financing.According to RootData, a Web3 asset data platform, Hemera protocol is the LLM OS of Web3, dedicated to solving the fragmentation problem in the modular ecosystem. Web3 optimized LLM and account-centric indexing allow Hemera to interoperate on Web3, providing high-performance AI-Ready Data infrastructure and user-defined agents.

On May 8th, Electron, a universal proof aggregator based on zero knowledge, announced the completion of a $1 million seed round of financing. Investors include Sandeep Nailwal, co-founder of Polygon, Martin Köppelmann, co-founder of Gnosis, Jaynti Kanani (former co-founder of Polygon), Anurag Arjun, co-founder of Avail, LambdaClass, Zephyrus Capital, Blue7, Interop, Router Protocol, among others. Electron stated that this financing will be used to build a universal ZK proof aggregation layer for Ethereum.

On May 8th, Telos announced that it has received a strategic investment of $1 million from Asian venture capital firm and liquidity provider Presto Labs. This investment marks the beginning of a long-term partnership between Telos and Presto Labs, and the funds will be used to develop Telos' Ethereum Layer2 zkEVM network based on SNARKtor. This funding will also help incubate the development of SNARKtor Labs, Telos' business unit in the Hong Kong region that focuses on accelerating Telos' ZK proof technology infrastructure.

De Labs announced investment in the lending platform Liquidium by Ordinals, specific amount undisclosed.In addition, the Bitcoin-based lending platform Liquidium by Ordinals has purchased 1 DeGod, 1y00t, and 1 BTC DeGod NFTs, with the specific amount undisclosed.

Lava Foundation, the developer of modular blockchain network Lava, announced the completion of a $11 million financing round. Participants included Animoca Brands, Gate.io Ventures, CoinGecko Ventures, Polygon co-founder Sandeep Nailwal, Ash Crypto, CryptoLark, and media outlets Crypto Times Japan, Le Journal Du Coin and The Rollup. It is reported that the mainnet launch and airdrop are expected to take place in the coming months.

According to The Block, Bitcoin layer-two network ZKM announced the completion of a $5 million Pre-A financing, led by OKX Ventures, with participation from Amber, Metis Foundation, Crypto.com, and other companies. It is reported that ZKM is a zero-knowledge proof-based network aimed at unifying blockchains and creating a settlement layer on Ethereum.

DePIN project MetaPhone announced the completion of a $1 million financing round with participation from JDI. Both parties are committed to building the TON DePIN ecosystem, creating a wide-ranging decentralized marketing network, and promoting global adoption of Web3 in various fields.

Botanix Labs announced that it has raised $11.5 million in funding, with participation from Polychain Capital, Placeholder Capital, Valor Equity Partners, and ABCDE, among others. Other investors include Andrew Kang, Fiskantes, Dan Held, The Crypto Dog, Charlie Spears, Altcoin Sherpa, Dovey Wan, Jebus, Icebergy, Crypto ISO, Davis, Walt Smith, and Domo, the creator of the BRC-20 token standard.