Flying Tulip raises $200M in Seed, Bitcoin payment app Lava raises $17.5M, and 19 other PJs in all【Fundraising PJ Summary】
19 fundraising PJs from 9/27~10/3
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
summaryFT Token: A full-stack on-chain exchange with a cross-margin system that integrates spot trading, derivatives, lending, stablecoin, and insurance. A unique “on-chain redemption right” allows investors to burn FT tokens and recover their original capital, reducing downside risk while maintaining upside risk.
categoryDeFi
amount raised：$200M
Investment roundSeed
investor：Brevan Howard Digital、CoinFund、DWF Labs、FalconX、etc..
2、xMoney
summaryThe company’s global payment infrastructure: a licensed global payment infrastructure that enables merchants and users to seamlessly transact in legal tender, cryptocurrency and credit cards; built to comply with EU MiCA regulations; provides tools for payment processing, invoicing, subscription and card issuance; and provides a comprehensive set of payment processing, invoicing, subscription, and card issuance tools.
category：Finance
amount raised：$21.50M
Investment round：TBD
investor：★Sui Foundation、MultiversX
3、Lava
summary: a financial platform that allows users to save in bitcoin while spending in dollars. It offers a debit card secured by bitcoin, allowing users to make everyday purchases seamlessly.
category：Payment
amount raised：$17.50M
Investment round：TBD
investor：Peter Jurdjevic、Bijan Tehrani、Zach White、Saurabh Gupta、etc..
summaryFinal Salvation will be the first mobile MOBA game in the web3 gaming space to incorporate eSports into its gameplay.
category: GameFi
amount raised：$15M
Investment round：TBD
investor：Bolts Capital
summary: A protocol for issuing delta-neutral stabled coins USDe.
categoryDeFi, Stablecoin
amount raised：$14M
Investment round：TBD
investor：MEXC Ventures
✨Other 14 projects
KGeN[$13.50M/TBD]: a web3-based gamer reputation platform. Leveraging Zero-Knowledge Machine Learning (zkML) to create verifiable, data-rich player profiles, KGeN, built on Ethereum, drives engagement and loyalty by enabling gamers to own and leverage their own gaming data.
Talus Labs[$10M/Strategic]: a blockchain platform that aims to overcome the limitations of centralized AI systems and revolutionize consumer AI applications through decentralization by incorporating Move’s smart contract security, performance, and object-oriented programming, Provides a robust ecosystem for a variety of AI smart agent applications, including DeFi, Intent, Gaming, Governance, and Initial Model Offering (IMO).
Yield Basis[$5M/Public Sale]: An AMM-based DeFi protocol developed by Curve Finance founder Michael Egorov designed to eliminate volatility losses for liquidity providers, optimizing liquidity positions using 2x leverage via crvUSD, and yields for BTC and ETH holders while maintaining sustainability.
Tea Protocol[$3M/Public Sale]: A decentralized protocol that rewards open source software (OSS) developers for their contributions and enhances the sustainability and security of the software supply chain. by leveraging a consensus mechanism called Proof of Contribution, tea projects, quantifying their impact and allocating rewards accordingly.
BaseVol[$3M/Seed]: An options trading platform built on the Base blockchain, offering a full range of trading options, from simple 0DTE (zero days to maturity) trades to highly structured vault strategies.
Hela Labs[$2M/TBD]: a next generation layer 1 blockchain designed to facilitate real-world adoption in both web2 and web3. It uses native stablecoin for gas money and features EVM compatibility, modular design, privacy technology, etc., and aims to enable a practical web3 world where individuals can “own” AI.
Novastro[$2M/Public Sale]RWA: A Layer 2 blockchain focused on RWA tokenization, trading, and yield generation, leveraging AI-driven analytics and integrating MoveVM and EigenLayer AVS to provide Ethereum-level security and scalability, and seamless interoperability between Move and the EVM ecosystem. Seamless interoperability between Move and the EVM ecosystem. Built around RUSD, a stablecoin backed by tangible assets such as government bonds, gold, and real estate, ensuring transaction stability and efficiency.
Nolan[$2M/Seed]: a meme and AI-driven web3 ecosystem that combines viral culture, institutional-level AI insights, and DeFi tools, turning market chaos into transparent opportunity through AI-driven whale tracking, sentiment analysis, and predictive markets.
Drake Exchange[$1M/Seed]: a perpetual DEX built on the Monad network, which combines the functionality of a centralized exchange with the transparency of DeFi. It offers a full limit order board, cross margin trading, collateral swaps, and AMM liquidity backstops to improve trading depth and execution.
Securitize[TBD/TBD]The Blockchain: a compliance platform and protocol for issuing and managing digital securities on the blockchain.
Cheeze[TBD/Seed]: a blockchain-powered rewards app that turns daily spending into an opportunity to earn points. By linking your bank card or cryptocurrency wallet, you can automatically earn StablePoints for every eligible transaction at over 1 million merchants. Points can be redeemed for USDC, used with the Cheeze Mastercard, or reinvested in the ecosystem.
Lighter[TBD/TBD]ZK: ZK roll-up perpetual protocol, based on Arbitrum, combining the performance of a centralized exchange with the transparency of DeFi.
Bastion Asset Management[TBD/M&A(CoinShares Ventures)]: London-based alternative investment management firm specializing in crypto assets regulated by the Financial Conduct Authority (FCA). Adopts an institutional approach and utilizes a quantitative alpha strategy that targets the characteristics of coins to generate returns independent of market direction.
National Bitcoin ATM[TBD/M&A(Bitcoin Depot)]: a U.S.-based bitcoin ATM operator. Users can instantly purchase bitcoins from $10 to $15,000 per day in cash and transfer them directly to their own wallets for storage. The company aims to reduce barriers to accessing cryptocurrency from legal tender by offering fast, simple, and compliant bitcoin purchases at brick-and-mortar locations nationwide.
Disclaimer：I carefully examine and write the information that I research, but since it is personally operated and there are many parts with English sources, there may be some paraphrasing or incorrect information. Please understand. Also, there may be introductions of Dapps, NFTs, and tokens in the articles, but there is absolutely no solicitation purpose. Please purchase and use them at your own risk.
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mitsui
A web3 researcher. Operating the newsletter "web3 Research" delivered in five languages around the world.
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The author is a web3 researcher based in Japan. If you have a project that is interested in expanding to Japan, please contact the following:
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*Please note that this newsletter translates articles that are originally in Japanese. There may be translation mistakes such as mistranslations or paraphrasing, so please understand in advance.