Financing Weekly | 11 public financing events; Ethereum on-chain oracle service Chronicle completed a seed round of $12 million, led by Strobe
Reprinted from panewslab
03/31/2025·1MWhat's the highlight of this issue
According to incomplete statistics from PANews, there were 11 investment and financing events in global blockchain last week (3.24-3.30), with a total funding scale of approximately US$94.5 million, a significant decrease compared with the previous week. The overview is as follows:
- DeFi announced two investment and financing events, among which on-chain order processing company Warlock Labs completed a US$8 million financing, led by Polychain Capital;
- Web3 game track announced two investment and financing events, among which Planetarium Labs, a developer of chain games Immortal Rising 2, completed a US$3 million financing;
- Web3+AI announced an investment and financing event, with AI agent public chain Hibit completing a US$5 million financing, and Shuidi Capital and others participating in the investment;
- Two investment and financing events were announced in the field of infrastructure and tools , among which Ethereum on-chain oracle service Chronicle completed a seed round of financing of US$12 million, led by Strobe;
- Other categories announced one investment and financing event, Memecoin incubation platform Coresky completed a US$15 million Series A financing, led by Tido Capital;
- Two investment and financing events have been announced in the field of centralized finance , including Rain, a debit card issuer that allows stablecoin settlement, completed a $24.5 million financing, led by Norwest Venture Partners.
DeFi
On-chain order processing company Warlock Labs completed a $8 million financing. Polychain Capital led the investment, with Greenfield Capital, Reciprocal ventures, Symbolic Capital, Ambush Capital and TRGC participating. The company aims to prove that the flow of orders submitted has not been tampered with to ensure fair deals.
Solana Eco-Replenishment Agreement Fragmetric completed a $5 million financing, led by RockawayX
Solana's ecological re-staking agreement Fragmetric completed a US$5 million financing, led by RockawayX, and participated by Robot Ventures, Amber Group, Hypersphere, and BitGo. Fragmetric has received a total of US$12 million in financing. Previous news , Solana's re-staking agreement Fragmetric completed a $7 million seed round of financing, led by Finality Capital Partners and Hashed.
Web3 Games
Tarta Labs, an animation IP ecosystem, announced that it has completed a US$4.5 million financing, with BITKRAFT Ventures, The Spartan Group, Infinity Ventures Crypto, HashKey Capital, and Gam3Girl Ventures participating. It is reported that Tarta Labs' first game, Spot Zero, will soon enter CBT1 (closed test 1) in April this year.
Immortal Rising 2 developer Planetarium Labs completes $3 million financing
Planetarium Labs' dark fantasy chain game "Immortal Rising 2" successfully completed a US$3 million financing led by Solarium Labs before TGE (March 27), and successfully ended NFT sales. Investors in this round of financing also include Web3 institutions and angel investors such as Spartan Group, Immutable, MARBLEX, Comma3 Ventures, Sovrun, 32-Bit Ventures, Notch Ventures, Cristian Manea, Niels de Ruiter. The new funds will be used to expand the ecosystem and enhance gameplay. Planetarium Labs is a community-driven Web3 gaming company that previously completed a $32 million Series A funding round led by Animoca Brands .
AI
AI agent public chain Hibit completed a US$5 million financing, and Shuidi Capital and other investments
AI agent public chain Hibit announced that it has completed a US$5 million financing, with Bochsler Finance, Nvdia, distributed Shenbo, Shuidi Capital, Web3 Venture, Betterverse DAO, Hitters and many traditional entrepreneurs participating. This round of funds will be used to promote the ecological construction of Layer2 infrastructure, Hibit DEX, full-chain interoperability technology and AI Agent economy. Hibit is an independent Layer2, covering multiple public chains such as TON, Kaspa, Solana, ETH, BTC, BNB, ICP, etc., focusing on secure cross-chain solutions that are not cross-chain bridges. Its core product Hibit DEX supports millions of TPS, unlicensed coins, and integrates CEX and DEX features to serve AI agents and Meme community scenarios.
DePIN
DeCharge, a decentralized charging project based on Solana, completes $2.5 million seed round
DeCharge, a decentralized charging project based on Solana, announced the completion of a $2.5 million seed round. This round of financing was led by Lemniscap, with participation from institutions such as Colosseum, Daedalus, Escape Velocity and Levitate Labs. According to reports, DeCharge is a community-driven electric vehicle charging network built on Solana. It realizes decentralized ownership and monetization of electric vehicle charging through modular charging stations, allowing anyone to host and operate the charging infrastructure.
Infrastructure & Tools
Ethereum on-chain oracle service Chronicle completed a $12 million seed round of financing, led by Strobe (formerly Blocktower Venture Capital), and participated by Brevan Howard, 6th Man Ventures, etc. The new funds are intended to support it to provide services to the data infrastructure of tokenized assets.
Arcium, a parallel privacy computing network, completes $1 million angel round financing
Arcium (formerly known as Elusiv) announced the completion of a $1 million angel round of financing, with investors including Jordi Alexander, Joe McCann, WereMeow, Fedor Holz and RunnerXBT. Arcium said the round brought its total financing to $11 million. According to reports, Arcium is a decentralized confidential computing network that utilizes distributed architecture and multi-party computing (MPC) to ensure data integrity and confidentiality by processing encrypted data across multiple nodes without exposing a complete data set.
other
Meme:
Memecoin incubation platform Coresky announced that it had completed a US$15 million Series A financing, led by Tido Capital, and participated by WAGMI Ventures, CoPilot Ventures, Web3 Vision Fund and Parallel Ventures, bringing the total financing to US$21 million. The Coresky platform promotes the community to launch the memecoin project fairly through user voting.
Centralized Finance
Rain, a company that issued debit and credit card, completed a $24.5 million financing, led by Norwest Venture Partners, and participated in the investments including Galaxy Ventures, Goldcrest, Thayer and Hard Yaka. Rain's valuation in this round of financing has not been disclosed. Rain is a company that issues debit and credit cards that allows customers to settle payments in stablecoins. Rain will use the funds raised in this round to expand its team, develop new technologies and apply for additional regulatory licensing.
Remittance application Abound completed $14 million in financing, led by NEAR Foundation
Abound, a remittance app spin-off in 2023 by Times Internet, raised $14 million in its first external funding round. The seed round is all equity financing, led by NEAR Foundation, with participation from Circle Ventures, Times Internet and other investors. The company plans to use new funds to expand its business scope, increase product variety and improve its technical infrastructure. Originally called Times Club, Abound allows users to send money to India, earn rewards, and receive cash back on services such as live sports, grocery shopping and OTT subscriptions. The company plans to explore ways to give users access to high-yield savings, India-centric investments and cross-border credit solutions. Abound currently has 40 employees, mainly working in India. The company plans to expand its workforce and form a management team in the United States.
Venture Capital Organizations
European crypto venture capital firm Maven 11 has completed the fundraising of its third fund, with a fundraising scale of US$107 million, slightly higher than its initial target of US$100 million, and the financing ended about nine months later than initial expectations. The fund has been supported by Theta Capital Management and supporters of new institutions in Europe and Asia, with Maven 11 not revealing all LPs, but it noted that London-based investment firm Karatage was one of the participants. The size of the third phase fund is still smaller than the second phase of Maven 11, which closed in May 2023 at USD 120 million.
Balder Bomans, chief information officer and managing partner of Maven 11, said the fund has supported several startups over the past year, including decentralized trading platform GTE, on-chain competition platform JokeRace, major on-chain brokerage August and Ethereum expansion startup Spire Labs, which has deployed about 15% of the funds, with the remaining funds planned to be deployed within the next 3-4 years. The third fund will support equity and token rounds, ranging in size from $500,000 to $5 million. Its investment focuses on emerging areas such as consumer applications, infrastructure and crossing of artificial intelligence and cryptocurrency.
French state-owned bank Bpifrance sets up 25 million euro fund to invest in cryptocurrency
French state-owned investment bank Bpifrance plans to invest up to 25 million euros (about $26.95 million) to buy niche cryptocurrencies to support France's cryptocurrency projects. This is the first time that Bpifrance has set up a special fund to buy cryptocurrencies directly. The bank has previously invested 150 million euros in blockchain projects, but only involved "small" investment in cryptocurrencies.
chaincatcher
