Financing highlights of the 33rd week in 2023: Socket, an open-source software security solution, completed a Series A financing of $20 million, led by a16z.
Metaverse/GameFi
There were a total of 4 financings in the Metaverse/GameFi field, with a total amount of 92 million US dollars, accounting for 23.52% of the total financing amount last week.
Conductive.ai
On August 2nd, Conductive.ai, a developer of Web3 gaming participation platforms, completed its seed round of financing with Animoca Brands leading the investment. Other investors include Kraken Ventures, Bixin Ventures, Sound Ventures, Rubik Ventures, Sfermion, Oyster Ventures, Blue Lion Global, Axia8 Ventures, Unanimous Capital, and Everest Ventures. The amount of financing has not been disclosed yet. Conductive.ai's vision is to solve the biggest problem in the current gaming industry by improving user acquisition efficiency and enhancing player engagement, which will allow mainstream users worldwide to access Web3 technology without the need to be familiar with Web3 wallets or technical processes. It is reported that Conductive.ai's platform includes a "Zero-Click" import tool, which simplifies the creation and login of Web3 accounts, eliminates many of the frictions commonly found in platforms that use Web3 technology, and aims to help developers increase the lifetime value of players in the constantly changing gaming industry.
Conductive.ai has created a "zero-click" onboarding tool for handling Web3 account creation and login, eliminating much of the friction common in other platforms using Web3 technology. By removing the complexity of the previous Web3 wallet experience, Conductive.ai's platform preserves the smooth player experience that gamers expect. Additionally, this feature also conveniently allows game assets to be stored in user accounts. Furthermore, the platform can support the distribution of rewards to global players in games using stablecoins and digital collectibles, and is scalable for games of any player size. (Cointelegraph)
DeFi
In the DeFi field, a total of 2 financings were completed with a total amount exceeding 2 million US dollars, accounting for 0.51% of the total financing amount last week.
Solv Protocol
On August 1st, according to CoinDesk, Solv Protocol, a decentralized platform for creating, managing, and trading financial NFTs on the blockchain, completed a new round of funding of $6 million. Participating investors include Laser Digital, a subsidiary of Nomura Securities, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Apollo Capital, HashCIB, Geek Cartel, and Bytetrade Labs. The raised funds will be used to expand the team and continue to focus on platform technology development.
Since its establishment in 2020, Solv has been committed to providing accessible blockchain-based financial tools and diversified asset targets and income sources for the crypto community. Our latest product, Solv V3, sets a new standard for on-chain fund platforms, providing professional asset management for investors while allowing fund managers to establish credibility and expand their business. Solv aims to establish a trustless institutional DeFi platform that integrates brokers, underwriters, market makers, and custodians, connecting the liquidity of DeFi, CeFi, and TradFi.
Solv V3 was officially launched in 2023, pioneering a trustless fund infrastructure based on ERC-3525. It also enables decentralized collaboration among trusted institutions to provide transparent and non-custodial DeFi risk control. It allows global investors to access a variety of trustworthy crypto investments on a transparent and secure platform, and enables excellent fund managers to effectively raise funds and establish on-chain credibility.
Orbital
On August 3rd, Orbital, a UK-based blockchain payment platform, completed a £5 million financing round led by Golden Record Ventures, with participation from New Form Capital, GSRV, Psalion, and Luminous Futures. This round of financing will enable Orbital to continue its rapid growth, obtain more licenses in new jurisdictions, and further develop its products. Founded in 2017 and headquartered in London, Orbital has obtained a cryptocurrency payment license and is currently focused on stablecoin use cases in cross-border payments. Orbital aims to combine fiat and cryptocurrency business accounts, allowing traditional global enterprises, especially those operating in emerging markets, to integrate stablecoins and other major cryptocurrencies and traditional currencies into their existing payment flows. Its API further serves as an embedded financial solution for stablecoin payments.
Orbital's industry-leading product bridges the gap between traditional finance and digital asset funding solutions, providing multinational companies with a regulated, secure, and frictionless experience. It serves as a single access point for a range of tools required for running fund operations, including multi-currency accounts, foreign exchange, global payments, and digital asset custody. Orbital also offers its encrypted payment rails through APIs, allowing online merchants to embed cryptocurrency payments into their own products or services. (TechFundingNews)
Infrastructure
There were a total of 7 financing deals in the infrastructure sector, with a total amount of over 224.565 million US dollars, accounting for 57.42% of the total financing amount last week.
Socket
On August 2nd, Socket, an open-source software security solution, announced the completion of a $20 million Series A funding round led by Andreessen Horowitz (a16z), with participation from Abstract Ventures, Wndrco, Unusual Ventures, and several angel investors including Box co-founder Aaron Levie, Figma co-founder Dylan Field, Okta co-founder Frederic Kerrest, Vercel CEO Guillermo Rauch, and Eventbrite co-founders Julia and Kevin Hartz. Combined with its previous $4.6 million seed funding, Socket has raised a total of $24.6 million, which will be used to expand the Socket team and support the integration of more programming languages. Socket's current clients include Metamask, Brave, Magic Eden, Figma, and Vercel. Socket is a startup that provides scanning tools to detect security vulnerabilities in open-source code. Unlike traditional static analysis tools, Socket's open-source code security vulnerability detection service can provide actionable feedback related to dependency risks, rather than hundreds of meaningless alerts. Specifically, Socket looks for advanced danger signals in software, such as malware, typosquatting (registering domain names with misspellings for malicious purposes), misleading packages and unmaintained code, as well as unknown maintainers and excessive permissions.
Socket provides a search function that allows users to dive into the codebase to find and track changes in dependencies, as well as a free web browser extension that attempts to determine if open source packages are secure and reliable. In addition, Socket recently launched a ChatGPT connector that summarizes potential issues in packages, particularly "uncommon" code patterns. (TechCrunch)
Terminal 3
On August 2nd, according to Chainwire, Terminal 3, a decentralized user data infrastructure service provider based in Hong Kong, announced the completion of its Pre-Seed round of financing with oversubscription. The specific amount has not been disclosed yet. Participating investors include 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored Room Ventures, Mozaik Capital, among others.
It is reported that Terminal 3 is a Web3 startup based in Hong Kong, which is building user data infrastructure for a decentralized future. The company's solution is an alternative to centralized data storage, which deprives users of privacy and burdens enterprises with compliance and security issues. Terminal 3 uses decentralized storage and zero-knowledge proofs to enhance a fair Web3, where user data can be freely combined while remaining completely private and secure. The company's founders are successful corporate executives and entrepreneurs who have built, expanded, and transformed some of the world's most important companies.
zkPass
On August 3rd, privacy data verification protocol zkPass announced the completion of a $2.5 million seed round of financing. This round of financing was participated by Binance Labs, Sequoia China, OKX Ventures, dao5, Susquehanna International Group, Cypher Capital, Leland Ventures, and Blockchain Founders Fund.
zkPass provides TransGate, which allows users to selectively and privately verify their data from any HTTPS website to the web3 world. It can cover various types of data, such as legal identity, financial records, healthcare information, social interactions, work experience, education, and skill certifications. All of these types of verification can be done securely and privately without disclosing or uploading any sensitive personal data to third parties.
zkPass uses a combination of three technologies: zero-knowledge proof, multi-party computation, and secure three-party transmission layer. This allows users to disclose personal data on any website without having to reveal or upload documents themselves. Based on various types of data verification, zkPass can be easily integrated into various application scenarios, including composable decentralized identity passes, DeFi lending protocols relying on chain-based credit, privacy-protected medical data markets, and dating applications with verifiable zkSBT, among others. As long as there is a need for trust and privacy, zkPass can provide a solution.
Infrastructure's remaining financing includes:
On August 3rd, Hushmesh, a key management digital infrastructure, announced the completion of a $5.2 million financing round, led by Paladin Capital Group and with participation from Akamai Technologies. Hushmesh will use this funding to develop Mesh, a global information space with built-in automated security features that allows individuals and organizations to operate online without worrying about malicious attacks or data leaks. Mesh automates encryption key management, providing an unlimited number of keys to protect an unlimited amount of personal or entity data for each individual and non-individual entity. Mesh encrypts all data at the source, eliminates all internal personnel, and unifies identifiers, aliases, keys, and encrypted data through cryptography. By eliminating the inherent vulnerabilities of knowledge-based credentials such as passwords and having no attackable databases, Mesh makes it possible to end identity theft, prevent data leaks, and eliminate forgery and fraud.
On August 3rd, Emtech, an infrastructure provider for the Central Bank of Africa, announced the completion of a $4 million seed round of financing. Matrix Partners India led the investment, with participation from BTN, Vested, Equity Alliance, LoftyInc Capital, and others. Emtech plans to further develop its CBDC stack and regulatory technology solutions. Emtech's previous investors include Noemis Ventures, Octerra Capital, and 500 Global. To date, Emtech has raised a total of $10 million in funding. (Techcrunch)
原文链接 translates to
Digital Asset Management/Payment
There were a total of 1 financing in the field of digital asset management/payment, with a total amount exceeding 32.73 million US dollars, accounting for 8.37% of the total financing amount last week.
Coatue Management
On August 1st, according to The Information, Coatue Management, an investment firm based in New York, raised $331 million for its latest fund, which is 34% lower than the target amount. Coatue is an investment manager focused on US technology, led by founder and portfolio manager Philippe Laffont. [3] Coatue invests in public and private markets, with a focus on technology, media, telecommunications, consumer, and healthcare industries. Coatue has offices in New York City, Menlo Park, California, London, Shanghai, and Hong Kong. Coatue Management has previously invested in cryptocurrency startups such as MoonPay, Chainalysis, and Fireblocks.
数字资产管理/支付其余融资包括：
Translation:
Digital asset management/payment and other financing including:
Other Financing
There were 4 other financing deals totaling $36.83 million, accounting for 9.42% of last week's total financing amount. These deals include:
On August 4th, according to TechCrunch, Web3 and AI database platform EdgeIn is conducting a $1.5 million Pre-Seed round of financing at a company valuation of $8 million. Currently, they have raised $400,000, with angel investors including Mike Dinsdale (Akkadian Ventures), Mike Borozdin (DocuSign, Google), Jeremy Clover (Circle), Pedram Amini, Bayo Okusanya, and Ulises Merino Núñez. EdgeIn aims to further enhance the transparency of Web3 companies, funds, organizational management, and other data. They have currently indexed over 90% of the Web3 market financing and company information, and have listed about 50,000 Web3 companies and projects.
On August 3rd, decentralized insurance platform Marquee completed a $1 million seed round of financing, with Cryptogram Venture (CGV), Chain Capital, Waterdrip Capital, Bitrise Capital, ZC Capital, and Coinw Ventures participating. Marquee supports users to purchase "token price insurance" and "smart contract insurance", and allows users to become insurance underwriters to receive multiple rewards. Marquee will accelerate technology research and development and market promotion, providing more breakthrough and innovative product solutions. Its goal is to lead the innovative development of the insurance, options, and other derivative markets, and open a new era of creative growth.
On July 31st, according to official sources, Cyber Manufacture Co., an AI startup led by Chinese entrepreneurs, announced the completion of a ten million dollar financing round. The round was participated by Vinod Khosla, a well-known American technology tycoon and venture capitalist, as well as Cyber Manufacture Co.'s existing investors and shareholders Synergis Capital. It is reported that Vinod Khosla was once named by Forbes as the most popular venture capitalist among entrepreneurs, and the company he founded in his early years, Sun Microsystems, invented the Java programming language. Khosla Ventures, founded by Vinod Khosla, was the first venture capitalist to invest in OpenAI in 2019.
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