Millions of dollars in financing are frequent, the encryption AI project Exabits completes a $15 million seed round of financing, led by Hack VC | Investment and financing weekly report

According to Foresight News, between December 7, 2024 and December 13, 2024, there were a total of 18 investment and financing events in the crypto market, including 3 in tools and infrastructure, 3 in Decentralized Finance, 6 in asset management, 1 in blockchain games and Non-fungible Token, and 5 in the Web3 sector. The total disclosed investment and financing amount is approximately 278 million US dollars.

Weekly disclosed total financing amount and number of financing transactions summary chart:

This week’s investment and financing projects are sorted by financing amount as follows:

This week, there was a total of 1 financing of more than 100 million US dollars, and Hengfeng International has completed the financing of 100 million US dollars to build the Web3 ecosystem FO-X. A total of 9 tens of millions of US dollars were raised, including the completion of a new round of financing of $11.6 million by smart contract platform Waterfall Network; KAST, a stablecoin payment platform, closed a $10 million seed round led by Peak XV and others; Bitcoin miner BTC Digital raises $20 million in public offering; Encryption AI project Exabits closed a $15 million seed round led by Hack VC; COSIMO, a digital asset holding company, closed a $25 million funding round; Web3 AI cloud startup Hyperbolic closed a $12 million Series A funding round led by Variant and Polychain Capital; Bitcoin buying and selling app Relai closes $12 million Series A funding round; Klickl closed a $25 million Series A funding round led by Web3Port Foundation and Aptos Labs; Bitcoin lending platform Lava closed a $10 million Series A funding round with participation from Founders Fund and Khosla Ventures.

In the field of investment and financing segmentation, asset management and Web3 are both hot this week, while Non-fungible Tokens and blockchain games are relatively sluggish.

In terms of institutions, active institutions this week include Hack VC, Dragonfly Capital, and Polychain Capital, focusing mainly on the asset management field.

Tools and Infrastructure

Blockchain startup Commonware completes $9 million financing

Commonware was founded by former Ava Labs executive Patrick O’Grady, providing developers with an ‘anti-framework’ that encompasses all the essential building blocks for blockchain development, aiming to go beyond standardized general-purpose software toolkits.

Waterfall Network raises $11.6 million in funding

The Waterfall Protocol, launched in July 2024, is a Layer1, scalable, decentralized smart contract platform developed by software development company BlueWave based on DAG technology and fast finality PoS consensus. It is compatible with the Ethereum Virtual Machine (EVM).

BTC Digital, a Bitcoin mining company, raised $20 million through a public offering

BTC Digital is committed to expanding its mining business through sustainable green energy solutions and enhancing its computing power deployment capabilities. BTCT also plans to strengthen its internal R&D capabilities and promote technological innovation.

Decentralized Finance

Superform completes $3 million financing

Superform is a cross-chain yield market.

Decentralized Finance protocol Spicenet completes a $3.4 million seed round financing

Spicenet will integrate solutions and market makers into a single network, allowing liquidity to be provided in two forms from other chains without the need to cross assets to Spicenet. In addition, Spicenet will launch its private test network, with final bug fixes currently underway.

Lava completes $10 million Series A financing

Lava is a Bitcoin lending platform.

Asset Management

COSIMO, a digital asset holding company, completes a $25 million financing

COSIMO stated that the financing aims to integrate its numerous cryptocurrency investment, custody, consulting, and brokerage services into ‘a unified and forward-looking brand’.

Stablecoin Payment Platform KAST Closes $10 Million Seed Round

KAST was co-founded by Raagulan Pathy, former head of Circle Asia Pacific, and Daniel Bertoli, former partner of Quona Capital. It mainly targets users in emerging markets, supports users to hold and use stablecoins through traditional payment channels, and provides credit card services that can be used in standard merchant networks, allowing users to spend their stablecoin assets at merchants that do not support encryption payments.

Cross-border stablecoin payment company Sphere completes $5 million financing

Sphere was founded by Arnold Lee and Luigi Charles in 2022. It enables stablecoin cross-border payments between enterprises through partnerships with global fintech companies and licensed remittance service providers, allowing the stablecoins to be exchanged for local fiat currency at the destination.

AgriDex Completes $4 Million Strategic Round of Financing

AgriDex is a Solana-based platform for tokenizing agricultural products.

Neptune Protocol Completes $3.9 Million Seed Round Financing

Neptune Protocol will launch native stablecoin USDN with support for Eclipse.

Relai completes $12 million Series A financing

Relai is a Bitcoin buying and selling application.

Non-fungible Tokens and Blockchain Games

Fantasy.top completed a $4.25 million seed round financing

Fantasy.top is a decentralized card game based on Blast, and currently Fantasy.top has released its second-generation product, Fantasy V2, with plans to launch a native mobile app as well.

Web3

Encryption AI project Exabits completes $15 million seed round financing

Exabits is an encryption AI startup that focuses on GPU tokenization. It started financing in July this year and completed this round of financing in October. The company has previously completed two rounds of financing, totaling about 5 million dollars.

Soarchain completes $4.5 million financing

Soarchain is a DePIN project that blends artificial intelligence and modularity to bring users’ cars as part of a secure real-time data network to support applications that improve safety, efficiency, and sustainability.

HF International has completed a $100 million fundraising to build the FO-X ecosystem for Web3

Web3 ecosystem FO-X launches its first product, instant messaging software FoChat, which is positioned as a Web3 investment communication platform for the general public.

Hyperbolic Completes $12 Million Series A Financing

Hyperbolic is a Web3 AI cloud startup.

Klickl Completes $25 Million Series A Financing

Klickl is a Web3 banking services company based in the UAE.