Blockchain startups raised $150.9 million in the past few days. Partior’s $60 million Series B funding round announcement was the largest round of the past week, signaling solid investment in the cryptocurrency space.
The blockchain sector witnessed a significant influx of capital this week, with 22 startups securing a total of $150.9 million in various funding rounds, according to crypto-fundraising.info/blog/dates-07-13-jul-2024/” target=”_blank” rel=””>Cryptocurrency Fundraising.
You can see the funding breakdown for this week in the table below:
Largest funding round: Partior, $60 million
Leading the pack, Partior raised $60 million in a Series B funding round to enhance its global interbank channels based on a unified ledger for real-time clearing and settlement.
Peak XV Partners led the round. Valor Capital Group and Jump Trading Group also participated with existing investors including JP Morgan, Standard Chartered and Temasek.
Partior, a financial technology company, plans to use the funds raised in the round to expand its international network and integrate more currencies into its platform. It currently accepts the US dollar, the euro and the Singapore dollar.
The company's technology is already being used by major banks such as DBS, JP Morgan and Standard Chartered to facilitate payment flows.
RedStone Oracles, $15 million
Separately, RedStone Oracles raised $15 million in a Series A round to advance its modular blockchain oracle solution.
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Serial cryptocurrency venture capitalist Arrington Capital led the round, which included contributions from Spartan, IOSG Ventures and other notable investors.
Founded in 2021 during Arweave’s incubation program, RedStone has quickly gained traction and now has over 100 customers and has secured $4 billion in valuation.
The company's oracle products aim to reduce gas fees for decentralized applications on ethereum Virtual Machine (EVM) and rollup-as-a-service (RaaS) networks.
SendBlocks, $8.2 million
Another big winner in this week's cryptocurrency venture capital funding was Israeli startup SendBlocks, which specializes in blockchain data management.
The company raised $8.2 million in seed funding led by Castle Island Ventures. Other VCs including Pitango, Illuminate Financial, Laser Digital and Starkware also participated in the round.
SendBlocks' platform enables blockchain companies to define critical data and leverages its technology to extract valuable insights from the blockchain.
Other notable fundraisers
Tabi (formerly Treasureland):Raised $16.1 million in a public sale round. Tabi is a decentralized nft marketplace that includes trading, a launchpad, and a gaming platform.
In a June 14 post on x, the company indicated that it raised a whopping $5 million in the first hour of its public token sale alone.
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DELETE:ZAP raised $15 million from investors including Rarestone Capital and Cypher Capital. ZAP focuses on reputation-based token distribution to reward user contributions and is expanding its protocol to other blockchains.
The project says it will use the funds to help solve key problems in the airdrop and launchpad space, as well as extend its services to new locations and blockchains.
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Rome Protocol:It emerged quietly with $9 million in funding from top-tier cryptocurrency venture capital firms such as Hack VC and P2 Ventures.
The Rome Protocol aims to use Solana (SOL) as a support network for ethereum (eth) layer 2 blockchains, thereby improving efficiency without compromising user experience.
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