
List of recently funded unbonded projects with large financing rounds
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List of recently funded unbonded projects with large financing rounds
Recently, several pre-token projects have successfully raised tens of millions of dollars, spanning sectors such as AI, L2, zk, and DeFi.
Author: Viee, Core Contributor at Biteye
Editor: Crush, Core Contributor at Biteye
Recently, multiple pre-token projects have raised over ten million dollars in funding, spanning sectors such as AI, Layer 2, zk, and DeFi. This article by TechFlow will introduce each of these 18 projects, including KOL attention, investors, and funding amounts.

1. Azra Games
Raised $42 million, funded by Pantera Capital, Andreessen Horowitz, and others.
A blockchain gaming company aiming to build mainstream collectible and role-playing combat games.
2. Glow
Raised $30 million, funded by Framework Ventures, USV, and others.
Glow is building Proof of Physical Work (PoPW) for carbon credits.
3. Nillion
Raised $25 million, funded by Hack VC, HashKey Capital, and others.
Building a decentralized public network based on "zero computation" to protect data privacy.
4. Atlas
Raised $21 million, funded by Haun Ventures, Paradigm, and others.
A blockchain for verifiable finance, built for reliable transactions and financial applications with near-zero transaction costs.
5. Ithaca
Raised $20 million, funded by Paradigm.
An open-source L2 spun out from Paradigm, currently developing Odyssey.
6. Bluesky
Raised $15 million, funded by Blockchain Capital, SevenX Ventures, and others.
Building the AT protocol to enable creators to build independently of platforms.
7. Citrea
Raised $14 million, funded by Founders Fund, Maven 11, and others.
Every transaction is fully protected by zero-knowledge proofs and verified via BitVM.
8. zkPass
Raised $12.5 million, funded by Archetype, Breyer Capital, and others.
A private data protocol leveraging 3P-TLS and hybrid ZK technology.
9. Opacity Network
Raised $12 million, funded by Archetype, Breyer Capital, and others.
A zero-knowledge proof protocol enabling trustless information sharing and verification within minutes.
10. Solv Protocol
Raised $11 million, funded by Blockchain Capital, OKX Ventures, and others.
A decentralized Bitcoin staking protocol.
11. delta
Raised $11 million, funded by Variant Fund, Maven 11, and others.
A network with shared state.
12. Sapien
Raised $10.5 million, funded by Variant Fund, Primitive Ventures, and others.
A scalable data labeling solution designed to advance artificial intelligence language learning models.
13. Variational
Raised $10.3 million, funded by Bain Capital Crypto, Peak XV Partners, and others.
A derivatives trading protocol built on Arbitrum.
14. vlayer
Raised $10 million, funded by Andreessen Horowitz, BlockTower Capital, and others.
A trustless, verifiable data infrastructure powered by zero-knowledge proofs.
15. PumpBTC
Raised $10 million, funded by SevenX Ventures, Mirana Ventures, and others.
Liquid staking solution for Babylon.
16. Validation Cloud
Raised $10 million, funded by TCG.
A Web3 infrastructure platform providing elite, high-performance nodes and staking infrastructure.
17. Mento
Raised $10 million, funded by HashKey Capital, No Limit Holdings, and others.
A stablecoin and digital asset innovation lab spun out from cLabs (Celo).
18. PiP World
Raised $10 million, investors undisclosed.
A Web3 gaming and education project that launched a game called Gold Rush on Telegram.
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