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Weekly Financing Trends, 25 Public Financing Events (4.29-5.7) | Cointime Weekly Financing Highlights

According to cointime's incomplete statistics, there were 16 corporate investment and financing events, and 9 related fund formation or financing events in the global crypto industry this week (4.29-5.7). Through cointime's combing and consolidation, the performance of disclosed primary financing in the crypto market is as follows:

ProjectWebsiteAmountDateInvestors
OpenAIhttps://openai.com/$10.3 billion4.29Tiger Global, Sequoia Capital,etc. 
Advance Intelligence Grouphttps://www.advancegroup.com/$80 million5.3Warburg Pincus, Northstar Group,etc.
Goalshttps://playgoals.com/$20 million4.29Seven Seven Six venture capital firm,Northzone,etc.
Fedi, Inc. https://www.fedi.xyz/$17 million5.4
Arrayhttps://arrayfi.io/$10 million5.1Singapore's Temasek 
ZkLinkhttps://zk.link/$10 million5.4Coinbase Ventures,etc.
OpenSatshttps://opensats.org/$10 million5.5#startsmall, Jack Dorsey's philanthropic initiative
Financing amount over $10 million(excluding funds)

1. Infrastructure & Tools

Project Name:ZkLink

Website:https://zk.link/

May 4, ZkLink, an infrastructure layer that enables easier trading of assets across blockchains, has raised $10 million in a strategic funding round from investors including Coinbase Ventures. The funding will help drive zkLink towards its mainnet launch in Q3.

Project Name: Array

Website:https://arrayfi.io/

May 1, Singapore's Temasek has invested $10 million in Array, the developer of an algorithmic currency system based on smart contracts and artificial intelligence. 

Project Name:Tangem AG

Website:https://tangem.com/en/

May 3, Zug, Tangem AG, a leading provider of secure hardware wallet solutions, has announced the successful outcome of its latest investment round. The round came in at $8 million and was led by Web3 venture capital firm Shima Capital, with contributions from additional investors. It comes at a time of continued growth for the hardware developer and will help to propel Tangem to the next level.

Project Name:FARE Protocol

Website:https://fareprotocol.io/

May 1, blockchain project FARE Protocol has raised $6.2M in a seed round led by Goat Capital and C Squared Ventures, ahead of its ecosystem and native token launch on Ethereum layer 2 blockchain Arbitrum. 

Project Name:Entender Finance

Website:https://entendre.finance/

May 2, Entendre Finance, a NYC-based automated end-to-end accounting and bookkeeping solution for businesses operating in Web3, raised $4M in seed funding. The round was led by Basis Set with participation from Valhalla, Caffeinated, Moonpay, Alumni, MDig and Alpine.

2. DeFi

Project Name:Nolus 

Website:https://nolus.io/

May 3, Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets. 

Project Name:Portals

Website:https://portals.fi/

May 4, Portals, the platform that simplifies Web3 by enabling anyone to bundle complex DeFi actions, has announced the successful close of a $2M seed funding round led by Lightshift Capital, with participation from Poolside, Basement Labs, LongHash Ventures, Daedalus Angels, Mechanism Capital and leading angels 0xMaki, Mathieu Baril, Owl.eth, Emile Dubie, Rudy Kadoch, David Dias, and others.

Project Name:OpenTrade

Website:https://www.open-trade.io/

May 4, OpenTrade, a decentralized finance (DeFi) protocol platform that provides on-chain liquidity pools with specific investment criteria, underlying assets, and target yields, has raised just over $1.5 million in a funding round led by Sino Global Capital. 

Project Name:MovEX

Website:https://www.movex.exchange/

May 4, MovEX, a decentralized finance platform, announced that Mysten Labs has invested in their project. "MovEX will continue to build up on-chain finance on Sui. " the team said on Twitter.

3. Funds

Project Name:Bitdeer 

Website:https://www.bitdeer.com/

May 3, Bhutan planned to establish a $500M fund to finance crypto-mining projects and related infrastructure to generate revenue and boost its economy. Singapore-based Bitdeer will serve as the overall partner of the fund, while Druk Holding & Investments will act as a strategic partner.

Project Name:Ashton Kutcher 

Twitter:https://twitter.com/aplusk

May 5, Ashton Kutcher, the Hollywood actor and venture capital investor, raised the money for his firm’s new AI fund quickly. Kutcher’s new fund plans to put $243 million toward artificial intelligence startups, the tech industry’s current hottest category. The portfolio already includes investments in AI startup darlings OpenAI, Stability AI Ltd. and Anthropic.

Project Name:CMCC Global 

Website:https://www.cmcc.vc/

May 2, CMCC Global, a venture capital company focused on blockchain technology and backed by Richard Li, announced the launch of a $100 million fund, which will invest in blockchain-related projects globally.

Project Name:Bitget

Website:https://www.bitget.com/zh-CN/

May 5, Bitget, a global crypto derivative and copy trading exchange, launched Bitget Academy training project aimed at empowering young individuals with a $10 million investment through the Blockchain4Youth project. The launch of the Blockchain4Youth project comes with a $10 million investment that Bitget will be allocated over the coming 5 years to support talented individuals seeking to take on leadership roles in the blockchain space.

Project Name:Neowiz

Website:https://www.neowiz.com/neowiz

May 3, South Korean game publisher Neowiz planned to fund the next generation of Web3 games on Ethereum scaling network Polygon through its crypto subsidiary, Intella X's new $10M gaming accelerator. The accelerator fund was created in partnership with Polygon Labs to bring Web3 games to the Intella X ecosystem, which currently offers a crypto wallet, decentralized exchange, and NFT marketplace.

Project Name:Tykhe Block Ventures

Website:https://tykheblock.ventures/

May 3, Tykhe Block Ventures, a USA-based Venture Capital firm, has announced the first close of its Blockchain Growth Fund. The firm has also committed that approximately $10 Mn of the fund will be allocated to invest in blockchain & Web3 startups in the Middle East region. Tykhe is also in the process of setting up their Dubai office and aims to launch a $100 Mn fund later this year.

Project Name:Credibly Neutral

Website:https://crediblyneutral.com/

May 3, Credibly Neutral, a new crypto venture capital firm, has raised $5.5 million from investors including founders of Solana and Polygon blockchains and will invest $50,000 to $250,000 in early stage protocols, infrastructure, and crypto software-as-a-service projects. Investors in the round included Anthony Sassano, Patricio Worthalter, Surojit Chatterjee, Joe Lallouz, Aaron Henshaw, Anatoly Yakovenko, Raj Gokal, Mara Schmiedt, and Sandeep Nailwal, among others.

Project Name:Aptos

Website:https://aptosfoundation.org/

May 3, the Aptos Foundation has announced the first group of grant recipients, awarding 50 new project teams with a total grant allocation of more than $3.5 million to continue scaling on the Aptos blockchain.

Project Name:Seed Club

Website:https://www.seedclub.xyz/

May 4, Seed Club has announced the launch of its new program called "The Consumer Crypto Accelerator". The accelerator is aimed at early-stage teams who are building innovative consumer products that are uniquely possible on the blockchain.

4. NFT & Web3 Creation & Metaverse

Project Name:Goals

Website:https://playgoals.com/

Apr 29, Swedish startup Goals has raised $20 million in series A funding to continue development of a non-fungible token (NFT) based soccer video game that can be a genuine alternative to traditional simulations of the sport such as EA Sports FC.

Project Name:Vibe

Website:https://www.vibehub.io/

May 4, Vibe, a new NFT-to-product platform that enables creatives to customize and manage their tokens, has raised a $4 million seed round. Investors in the round include Alchemy Ventures, Aglaé Ventures, and P Nation.

5. Others

Project Name:OpenAI

Website:https://openai.com/

Apr 29, OpenAI, the startup behind the widely used conversational AI model ChatGPT, has closed its new funding round of more than $10.3 billion, TechCrunch has learned. VC firms including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global are in the round, according to documents seen by TechCrunch. 

Project Name:Advance Intelligence Group

Website:https://www.advancegroup.com/

May 3, Advance Intelligence Group, a financial technology firm based in Singapore, has raised $80 million in a round led by existing backers Warburg Pincus and Northstar Group.

Project Name:Fedi, Inc. 

Website:https://www.fedi.xyz/

May 4, Fedi, Inc., a U.S. based developer of community-empowering financial and data technology, announced that it has raised $17 million in a Series A round of financing, and is set to pre-launch an Alpha version of Fedi for builders later this month. 

Project Name:OpenSats

Website:https://opensats.org/

May 5, OpenSats, a non-profit organization that supports free and open-source software and projects related to Bitcoin, announced that it has received a donation of $10 million from #startsmall, Jack Dorsey's philanthropic initiative.   

Project Name:FanTON

Website:http://fan-ton.com/

Apr 29, play-to-earn game in the TON ecosystem, FanTON, has secured $300,000 in a pre-seed funding round. According to the announcement, the seed round was led by First Stage Labs, Yolo Investments, and Existential Capital, along with business angel Emanuele Costa. 

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