There were a total of 14 funding events this week, with Quora receiving a $75 million investment from a16z
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There were a total of 14 funding events this week, with Quora receiving a $75 million investment from a16z
Between January 6, 2024 and January 12, 2024, there were 14投融资 events in the crypto market.
Navigating Web3 tides with focused insightsAccording to Foresight News, between January 6, 2024 and January 12, 2024, there were 14投融资 events in the crypto market, including 3 in tools and infrastructure, 3 in DeFi, 2 in asset management, 2 in blockchain gaming and NFTs, and 4 in Web3. The total disclosed funding amount reached approximately $200 million.
Weekly summary chart of disclosed funding amounts and number of deals:
This week's投融资 projects ranked by funding amount are shown in the figure below:
This week saw three funding rounds exceeding ten million dollars: Quora received a $75 million investment from a16z to accelerate development of its AI chat platform Poe; Finoa, a crypto custody and staking service provider, raised $15 million led by Maven11 Capital and Balderton Capital; and Core Scientific completed an oversubscribed equity offering of $55 million.
Across细分 sectors this week, activity remained relatively subdued across all domains.
In terms of investing institutions, active participants this week included OKX Ventures and Lightspeed Venture Partners, primarily focusing on tooling and infrastructure projects.
Tools and Infrastructure
Polyhedra Network Completes A Round Funding
Polyhedra Network is a ZK interoperability infrastructure.
Pontem Raises $6 Million
Pontem is a Web3 product development studio currently building Move Virtual Machine products on Ethereum and other EVM-compatible chains, including Lumio, a new Move-based Layer 2 aiming to expand the Move language beyond Aptos and Sui.
Bitcoin Layer 2 Network Bitfinity Completes $7 Million Token Raise at $130 Million Valuation
Bitfinity is an EVM-compatible Bitcoin Layer 2 network built on the Internet Computer protocol.
Core Scientific Completes Oversubscribed $55 Million Equity Offering
Core Scientific is a bitcoin mining company.
DeFi
Entangle Raises $4 Million
Entangle is a cross-chain DeFi protocol.
Altitude Completes $6.1 Million Seed Round
Altitude is a DeFi lending protocol that has successfully completed on-chain testing and will soon enter closed beta.
Saros, a Solana-based DeFi Product, Completes $3.75 Million Private Sale
Saros Super App is a fully non-custodial application offering comprehensive financial services, aiming to provide users with a secure digital economy experience.
Asset Management
Finoa Completes $15 Million Funding Round
Finoa is a crypto custody and staking service provider valued at $100 million.
Umoja Completes $2 Million Funding Round
Umoja is a decentralized risk hedging strategy management firm founded by former executives from ConsenSys. Primarily serving the cryptocurrency sector, the company plans to extend its decentralized hedging model to additional digital assets such as digital bonds, real estate, and commodities.
NFTs and Blockchain Gaming
OKX Ventures Makes Strategic Investment in Web3 Gaming Company Matr1x
Matr1x is developing Matr1x Fire, a first-person shooter game featuring CS:GO-style gameplay and a battle royale mode, allowing players to team up and compete for victory.
Eeesee Completes $2.85 Million Funding Round
Eeesee is a gamified NFTFi and SocialFi platform.
Web3
Quora Receives $75 Million Investment from a16z
Quora is an online Q&A platform currently accelerating development of its AI chat platform Poe. This round of funding will be primarily used to speed up the development of Poe.
TrendX, an AI-Powered Trend Tracking and Smart Trading Platform, Completes $1 Million Seed Round
TrendX is an AI-driven one-stop Web3 trend tracking and smart trading platform that leverages large language models and AI technologies to identify market trends and seamlessly integrates them with smart trading capabilities.
CharacterX, a Decentralized AI Synthetic Social Network, Completes $2.8 Million Funding at $30 Million Valuation
CharacterX was initiated by a team from Stanford University, combining AGI social features with blockchain technology. The team recently launched the CharacterX mobile app for Android and iOS, along with a developer website, enabling users to create and form emotional attachments with AI beings.
Morgan Stanley Makes Strategic Investment in OpenAI-Backed AI Project WorldBrain
WorldBrain is an innovative project launched by the Worldbrains Foundation, backed by OpenAI, integrating artificial intelligence, neuroscience, and blockchain technology with the goal of developing comprehensive, multifunctional, decentralized AI systems.
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