Etherealize, an Ethereum ecosystem support company, raises $40M, Kite AI, an AI-focused L1, raises $18M, all 18 PJs 【Fundraising PJ Summary】
18 fundraising PJs from 8/30~9/5
Good morning.
I am mitsui, a web3 researcher.
Today's edition of "Fundraising PJs for the Week Ahead" is a summary of the week's fundraising PJs.
💥Top 5 projects in terms of proceeds
summary: An Asia-based stablecoin infrastructure platform. Companies can seamlessly send, receive, and convert stable coins and legal tender, and support deposits and withdrawals in multiple currencies. Features include an institutional-level custody wallet, tokenization of real-world assets, and multi-chain security, ensuring full regulatory compliance while serving customers in over 70 countries.
categoryStablecoin, RWA
amount raised：$350M
Investment round：M&A
investor：Solowin
summary: an institutional business and product development firm focused on the integration of the ethereum ecosystem. Provides research, content and innovative products to educate and engage institutional investors in the Ethereum economy. Their mission is to upgrade the financial system by promoting Ethereum as the most secure and open blockchain for global finance.
category：Ethereum
amount raised：$40M
Investment round：TBD
investor：★Electric Capital、★Paradigm、Vitalik Buterin、Ethereum Foundation
3、Utila
summary: An institutional crypto asset platform that provides a secure, multi-chain, unmanaged wallet for organizations to manage their digital assets. Focuses on user-friendly design and uses MPC key management.
category：Wallet
amount raised：$22M
Investment round：Series A
investor：★Red Dot Capital Partners、Nyca Partners、Wing Venture Capital、Digital Currency Group、etc..
4、Kite AI
summaryKite AI: An EVM-compatible Layer 1 blockchain designed to enable a decentralized AI economy. Fair attribution and equitable rewards are guaranteed for contributions across data, models, and agents. Provides customizable subnets for specific AI workflows, enabling seamless collaboration between data providers, model developers, and AI agents.
category: L1, AI
amount raised：$18M
Investment round：Series A
investor：★PayPal Ventures、★General Catalyst、8VC、Samsung Next、etc..
summary: Compliant with the RWA+ IP tokenization platform, which splits Real World Intellectual Property (RWIP) into alternative revenue-generating tokens. Starting with music royalties, it increases the liquidity of IP rights through secondary exchanges and lending markets, enabling decentralized ownership, governance, and decision-making.
category：RWA
amount raised：$15M
Investment roundSeed
investor：Polychain Capital、Neoclassic Capital、Story Protocol
✨Other 13 projects
Everlyn[$15M/TBD]: The world's first open-source foundational video model. The flagship model, Everlyn-1, pushes the limits of video AI with ultra-realistic image quality, long output times, low latency, and interactive features.
RISC Zero[$13.70M/Public Sale]: a crypto asset startup company focused on developing scalable, developer-friendly blockchain infrastructure with zero-knowledge proofs. Its flagship product, Boundless, is a verifiable computing layer that aims to bring zero-knowledge (ZK) capabilities to any blockchain.
Tangany[$11.64M/Series A]: a Swiss fintech company headquartered in Munich and regulated by BaFin. Provides an API-first secure digital asset custody platform designed for banks, brokerages, fintech companies, corporations and other institutional investors. Employs white-label WaaS, advanced security with HSM and MPC technology, and compliance-ready features such as KYC, crypto asset accounting, staking solutions, tokenized assets, NFT, and full support for smart contract custody.
Plural[$7.13M/Seed]: a platform that connects solar and wind developers with investors via blockchain, enabling them to invest in renewable energy projects starting at as little as $10.
Kea[$7M/Seed]Neobank: a crypto asset-enabled neobank specializing in seamless cross-border payments for corporations. Fully remote corporate account opening via dedicated IBAN, rapid legal tender settlement via SWIFT/SEPA, and crypto asset on-ramp/off-ramp including deposits and withdrawals with automatic conversion.
Reflect[$3.75M/Seed]: designed to extract delta-neutral yields from LSTs via a synthetic currency exchange protocol on Solana. By earning both native staking yields and perpetual funding yields, Reflect provides a high-yielding dollarized product that is accessible and immediately settable worldwide.
Wildcat Labs[$3.50M/Seed]: a decentralized lending protocol on Ethereum that allows for the creation of a customizable, low-collateralized credit market. Borrowers define market parameters such as interest rates, reserve requirements, maturity and withdrawal terms, while lenders assess risk and participate only in markets appropriate to their own profile.
Maiga AI[$2M/Strategic]: a web3 native AI agent platform that provides trading signals, alfinsights, and automated DeFi strategies. Designed for traders, creators, and speculators, it combines advanced AI frameworks with real-time data to optimize decision making.
Encifher[TBD/TBD]DeFi layer on Solana, enabling secure and confidential transactions without exposing sensitive wallet information: built on Jupiter, it encrypts transaction amounts using a TEE co-processor that leverages Phala's DStack architecture, and uses a threshold decryption scheme to ensure both speed and privacy, Employs a threshold decryption method to ensure both speed and privacy.
Credora[TBD/M&A(RedStone)]: An end-to-end lending solution that facilitates credit by validating real-time risk metrics in a zero-knowledge environment.
Pointsville[TBD/Series A]：An end-to-end platform that enables companies to efficiently digitize their loyalty programs and real-world assets. It provides customizable tools for tokenized asset issuance, loyalty engagement, and alternative asset management, and is designed to improve engagement, financialization, and compliance.
Aspecta[TBD/TBD]: an AI-powered developer profile builder. Review code quality using large-scale language models; Aspecta ID, an AI-generated ID, provides a foundation for pioneering developers and others to demonstrate, connect, and explore Web2 and Web3 accounts, including GitHub, Twitter, wallet addresses, and more. Aspecta ID holders can demonstrate insights on more than 8,000 skill attributes and hundreds of experience spotlights by linking their Web2 and Web3 accounts, including GitHub, Twitter, and wallet addresses.
Breakout[TBD/M&A(Kraken)]Prop Trading Company: a crypto asset native prop trading company offering the highest level of centralized exchange liquidity with the ability to trade over 100 different crypto assets. Advanced trading tools, tight spreads, and custom built web and mobile apps for seamless trade execution.
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mitsui
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