Crypto Fundraises | July 9th - July 16th
Welcome to the Coinfeeds Weekly Fundraising Report! We’re back at it this week, having found 12 funding rounds, collectively worth $90.25 million.
Here is the complete, newly published database featuring all of the fundraised companies we’ve found since the launch of this newsletter:
Crypto Startup Fundraises
Below is a breakdown of the number of companies that fundraised by sector:
Infrastructure
Partior is a financial market infrastructure platform that uses a decentralized, programmable unified ledger to transform global liquidity movement. It offers real-time, cross-border multi-currency payments, PvP and DvP settlements, and trade finance functions. On July 12th, Partior raised a Series B round of $60 million led by Peak XV Partners, and followed by Valor Capital Group, Jump Trading, JPMorgan, and others.
Dora Factory is a digital infrastructure platform for the Global Hacker Movement, supporting open-source communities and tech builders. It offers protocols, tools, and public good infrastructures to empower developers. Dora raised a Private round of $5.5 million on July 9th that was led by Dragonfly Capital, Lemniscap, and followed by Robot Ventures, Ethereal Ventures, Maven 11, and many others.
ThirdFi is a platform offering modular AI solutions for DeFi. It supports automated trading, market trend analysis, and yield maximization through AI agents. The platform features a marketplace for AI agents, enabling developers to create and list advanced AI utilities. On July 10th, ThirdFi raised a Pre-Seed round of $2 million from Techstars, Chainlink, Outlier Ventures, and Alphabit Capital.
Rome is a platform that modularizes Solana into a set of enshrined services to enhance L2 solutions, providing shared sequencing, MEV retention, and native L1 composability. Rome raised a Strategic $9 million round on July 9th led by HackVC and followed by Portal Ventures, P2 Ventures, HashKey Capital, Bankless Ventures, and others.
Stablecoin
Satoshi Protocol is a DeFi platform that introduces SAT, a stablecoin pegged to the US dollar and backed by Bitcoin and other assets. It allows users to mint SAT by depositing collateral with a minimum 110% collateral ratio. The project raised on July 9th a $2 million Seed round led by CMS and RockTree Capital, and followed by Cypher Capital, Side Door Ventures, Optic, Metalpha, Outliers, and others.
Bima is a platform that provides DeFi solutions focused on the African market. It offers services such as savings, investments, and loans in a decentralized manner, leveraging blockchain technology to ensure security, transparency, and accessibility. Bima Labs raised on July 15th a $2.25 million Seed round led by Portal Ventures and followed by Sats Ventures, Luxor Technology, CoreDAO, Halo Capital, and others.
Gaming
XYRO is a gamified social trading platform that combines trading with gaming elements. It provides users with an engaging experience by integrating competitive and collaborative features into the trading process. Xyro raised on July 12th a Strategic round led by Animoca Brands.
Akedo is a platform for playing web-based games without advertisements. It offers a selection of games that can be played directly in the browser, ensuring a seamless and enjoyable gaming experience without interruptions. On July 15th, Akedo raised a Strategic round led by The Open Platform (TOP).
DeFi
Idle Finance is a DeFi protocol that automates yield optimization across various assets and platforms. It offers features like fixed-rate and flexible yield products, and supports multiple blockchain networks. On July 9th, Idle raised a $2.4 million Strategic round led by RockawayX.
Term Finance offers fixed-rate borrowing and lending via on-chain auctions on the Ethereum blockchain. Users can lock in funding costs or secure fixed returns, choosing terms up to a year. On July 9th, Term Finance raised a Strategic $5.5 million round led by Electric Capital, and followed by Maelstrom, Arete Capital, Inception Capital, Blizzard Fund, and others.
Storage
idOS is a chain-agnostic, decentralized identity solution designed for Web3. It integrates a dStorage network for secure user data storage and an access management protocol. idOS raised a Strategic round on July 9th led by Fabric Ventures and followed by Arbitrum Foundation, Circle Ventures, RippleX, NEAR Foundation, Gnosis DAO, Aleph Zero, Radix, and Tezos.
L2
BOB is a hybrid Layer 2 solution combining the security of Bitcoin with the versatility of Ethereum. It allows developers familiar with Ethereum's EVM to build on Bitcoin, leveraging the best of both ecosystems. BOB raised on July 9th a Strategic $1.6 million round led by Ledger Ventures.