Financing Weekly | 20 projects raise $72.8 million

Compiled by: Golden Finance

20 blockchain startups raised a total of $72.8 million this week.

The biggest financing deal this week

Gnosis HQ (formerly Headquarters) received $15 million from Gnosis in a round of mergers and acquisitions.

Gnosis HQ is a self-custodial financial platform for Web3 native teams and traditional enterprises. The company was acquired by Gnosis in May 2025 and offers enterprise-class tools including stablecoin payments, Visa enterprise cards, and integration with accounting software such as Xero and QuickBooks.

Pre-Seed and Seed rounds of financing have changed

XP (Captain Labs)

• **Funding amount: **US$6.2 million (Seed round)

• **Investors: * Blockchange Ventures , L1D (L1 Digital), Reflexive Capital

XP is a Web3 native ticketing platform developed by Captain Labs, running on the Solana blockchain. The platform tokenize active tickets into real-world assets (RWA) on-chain, improving transparency, security and user control. With the help of the Tamperproof protocol, XP ensures ticketing transactions security and solves problems such as hidden fees and fake tickets.

KYD Labs

• ** Funding amount: US$7.1 million (Seed round)

• **Investors: **a16z Crypto Startup Accelerator (CSX)*, Finality Capital, Ambush Capital, TechStars, Jay Eum, Nakul Gupta

KYD Labs is a Web3 ticketing platform built on the Aptos blockchain, enabling artists and venues to control ticket sales, fan data and revenue. By removing intermediary agencies, KYD has achieved direct sales to fans, reducing costs and improving transparency. The platform also provides features such as automated marketing tools, resale controls and loyalty rewards to help creators gain more value from their events.

Nirvana Labs

• ** Funding amount: US$6 million (Seed round)

• **Investors: Crucible Capital , Jump Crypto , RW3 Ventures, Castle Island Ventures, Hash3

Nirvana Labs is a Web3 infrastructure provider that provides developers and enterprises with high-performance, scalable blockchain infrastructure with its own Nirvana Cloud platform. Its platform has high reliability, low latency and customizable capabilities, covering five continents, and is committed to providing efficient, secure and privacy-oriented solutions for dApp development.

SpaceComputer

• **Funding amount: Undisclosed (Pre-seed round)

• **Investors: * Primitive , Nascent, Tangent Ventures, Symbolic Capital (formerly known as Hyperedge Capital), Public Works, Merkle Ventures, Meltem Demirors, Sandeep Nailwal, Loi Luu

SpaceComputer provides a tamper-resistant orbital computing infrastructure, integrating advanced cryptographic technologies such as zero-knowledge proof (ZK), multi-party computing (MPC), and fully homomorphic encryption (FHE), to create a decentralized "orbital trust root". By deploying secure computing nodes in space, blockchain applications can provide security and flexibility beyond ground restrictions, support high-performance encryption operations such as zk-rollup and security auctions, and build a trustless and censor- resistant Web3 system.

Turtle Club

• ** Funding amount: US$6.2 million (Seed round)

• **Investors: * Theia , SIG DTI (Susquehanna International Group), ConsenSys, Laser Digital, L2 Iterative Ventures (L2IV), Re7 Labs, Selini Capital, Chorus One, Trident Digital, Auros Global, Triton Liquid Fund, Archimed Capital, Tulipa Capital, Bodhi Ventures, Frachtis, Moonhill Capital, Heliad AG, Peaq, Joseph Lubin, Ryan Fang, Bitscale Capital

Turtle Club is a Web3 distribution protocol that monetizes on-chain behavior by tracking users' wallet interactions (such as liquidity provision, redemption, pledge, invitation, etc.) and issues rewards through cooperation agreements. The platform does not rely on smart contracts, provides a trustless, free handling fee, and self-hosting experience, improving the revenue efficiency of the DeFi ecosystem.

DoubleUp

• ** Funding amount: US$4 million (Seed round)

• **Investors: * Karatage , Mysten Labs, Selini Capital, EBlock Capital, Comma3 Ventures, Four Pillars, Alpha DAO, Auros Global

DoubleUp is a decentralized casino based on Sui blockchain that provides a transparent and verifiable fair gaming experience. Through smart contracts and blockchain technology, the platform ensures that all games cannot be tampered with and verifiable, enhancing player trust. It includes a variety of game types, such as coin toss and other probability-based games, providing users with a safe and exciting gaming platform.

Other financing rounds

Puffverse

• ** Financing amount: ** US$700,000 (public sale round)

• **Investor: **Not disclosed

Puffverse is a Disney-style 3D meta-universe that connects the Web3 virtual world with the Web2 real world, providing NFT-based characters to bring a variety of interactive experiences. Its multi-term universe allows players to collect characters with unique traits, costumes, and skills, and use them in a variety of scenarios to trade assets in the ecosystem. PUFF and vePUFF tokens support their economic model, PUFF is used for trading, and vePUFF is used as governance tokens acquired through staking and game rewards.

Taker Protocol

• **Finance amount: **Not disclosed

• **Investor: **071labs (Zero Seven One Labs)

Taker is a native Bitcoin liquidity protocol designed to unlock the application potential of BTC in DeFi. It is built on its own blockchain Taker Chain and adopts an innovative NPOL (Nominated Proof-of-Liquidity) consensus mechanism to reward users who provide liquidity. Users can transfer BTC and BRC-20 assets (such as Ordi and Sats) across chains to Taker Chain through a secure DHC (Dynamic Hidden Committee) bridge, participate in staking, governance (veTAKER) and earn profits through transaction fees and block rewards. The platform also includes AMM-based DEX - Taker Swap, which optimizes funding efficiency and slippage.

UXLINK

• **Finance amount: **Not disclosed

• **Investor: **Animoca Brands

UXLINK is a Web3 social platform for the public that allows users to create social assets and participate in crypto transactions. Its modular Dapp system covers functions such as user guidance, social graph construction, group tools and social transactions.

Flood

• **Finance amount: **Not disclosed (M&A round)

• **Investor: **0x Labs

Flood is a DEX aggregator focused on Ethereum, optimizing transaction paths for the best price. Arbitrum One is currently online and plans to expand to more networks, providing Gas-free trading and "intention"-based trading models: users declare expected results, and the transaction is completed by the executor at the best price. The platform coordinates the relationship between users, executors and owners through immutable cores and optional modules.

Giza

• **Finance amount: **2.2 million US dollars

• **Investors: **CoinFund, Base Ecosystem Fund, Echo, Re7 Capital, Stake Capital, ID Theory, Contango Digital Assets, HASH CIB, Metropolis DAO, zeroDAO, Spaceship DAO, Wise3 Ventures, Good Partners, MH Ventures, Q42, Encode Club, WGMI Capital, Norbert Bodziony

Giza is developing a trustless protocol for decentralized machine learning inference computing to provide credible guarantees for the open economy of open source AI. The platform supports AI developers to generate zero-knowledge proofs to ensure the deployment process of verifiable models is transparent and trustworthy.

XSY (Unity)

• **Finance amount: **US$5 million (Series A)

• **Investors: Borderless Capital , Protagonist , Paper Ventures, Blizzard, Chainview Capital, Sonic Boom Ventures

XSY is a DeFi capital management platform that simplifies the use of advanced earnings strategies through its core product Unity ($UTY). Unity is a synthetic dollar built on the Avalanche blockchain, combining spot long and perpetual contract short positions to help users gain profits while retaining asset exposure. The platform provides two vault options: yUTY (automatic compounding income) and xUTY (accumulate redeemed $XSY governance points).

TrendX

• **Finance amount: **5.2 million US dollars

• **Investors: **Animoca Brands, Cream Labs

TrendX is an AI-powered Web3 platform dedicated to trend tracking and smart trading. Its functions include trend discovery, sentiment analysis, and trading opportunities in primary and secondary markets, using advanced algorithms to support users in developing smart investment strategies.

N1 (formerly known as Layer N)

• **Finance amount: **US$2 million (public sale round)

• **Investor: **Not disclosed

N1 is a scalable Layer 1 blockchain that eliminates the consensus process in most cases and supports asynchronous, disordered transactions for higher throughput. Its built-in data availability mechanism and customizable execution environment provide developers with greater performance control space.

Squads

• **Finance amount: **Not disclosed

• **Investor: **HAUN Ventures

Squads is a multi-signature agreement based on Solana to help crypto enterprises securely manage digital assets on the chain. The platform provides a fully-run smart contract wallet system that ensures transparency and immutability, allowing teams to collaborate on fund banks, programs, validator nodes and tokens.

Vinanz

• **Finance amount: **US$4 million

• **Investor: **Not disclosed

Vinanz is a publicly listed Bitcoin mining and investment company that operates decentralized mining facilities in the United States and Canada. The company is registered in the British Virgin Islands and listed on the London Stock Exchange (code BTC), and its operations include Bitcoin mining and strategic acquisitions of regulated BTC ETFs, aiming to build a strong portfolio of digital assets and enable low-cost expansion through multi-data centers and renewable energy sources.

Perpl

• **Finance amount: **9.3 million US dollars

• **Investors: Dragonfly Capital , Ergonia , Brevan Howard Digital, Mirana Ventures, L1D, Hashkey Capital, CMS Holdings, Breed VC

Perpl is a fully-on-chain decentralized perpetual contract trading platform built on the Monad blockchain and adopts the CLOB (Central Limit Order Book) architecture to provide deep liquidity, efficient market and complete verifiability. Monad's high-performance architecture supports 10,000 transactions per second, 500ms block time, and nearly zero Gas fees, bringing users a smooth trading experience.

Mountain Protocol

• **Finance amount: **Not disclosed (M&A round)

• **Investor: **Anchorage Digital

Mountain Protocol is a decentralized lending network that allows users to lend or borrow funds without traditional financial intermediaries. Users can borrow cryptocurrency or NFT as collateral. The loan amount is based on the value of the collateral, and the lender obtains interest income based on the supply and demand relationship.

Redacted

• **Finance amount: **Not disclosed

• **Investor: **Castrum Capital

Redacted is a Web3 entertainment ecosystem that integrates blockchain and AI to build an "entertainment data ball" to allow users to receive rewards while playing, trading and watching content. Powered by RDAC tokens, Redacted enhances user experience through a targeted data protocol while providing commercialization opportunities for Web3 businesses and DApps.