Last week, there were 16 public financing events in the crypto market, with a total financing of approximately US$255 million | Investment and Financing Weekly
Reprinted from chaincatcher
03/10/2025·2MCompiled by: Luan Peng, RootData
According to incomplete statistics from RootData, from March 3 to March 9, 2025, there were 16 public investment and financing events in the blockchain and crypto industries, with a total financing of approximately US$255 million.
From the perspective of track distribution, the projects that have received financing are mainly distributed in infrastructure and AI tracks. Popular projects include decentralized AI protocol Prime Intellect , Bitcoin ecological stablecoin project Aegis , AI Agent service company MelodAI , Solana ecological DePIN project Shaga.
In addition, blockchain asset risk management platform Lockchain.ai announced that it had completed a US$5 million Series A financing, led by White Star Capital, and participated by Lerer Hippeau, Arrington Capital and Sonic Boom Ventures.
(The list of projects that raised more than $5 million last week, data source: Rootdata )
1. Infrastructure
Base has acquired the Iron Fish development team without any chains or tokens
According to The Block, Base has acquired the Iron Fish development team to strengthen its efforts in privacy-focused blockchain solutions. The acquisition is limited to the team only, and Base will not acquire the Iron Fish blockchain or its native tokens.
This means the acquisition will focus only on the team’s expertise, while the Iron Fish project will remain independent and has nothing to do with Coinbase or Base.
Validation Cloud completes $15 million Series A funding round, led by True Global Ventures
According to Fortune Magazine, Validation Cloud, a crypto infrastructure company that utilizes artificial intelligence, announced a $15 million Series A financing round, led by True Global Ventures, and participated by Cadenza, Blockchain Founders Fund, Side Door Ventures and AP Capital. The company's valuation in this round of financing has not been disclosed.
According to reports, this is Validation Cloud's third round of financing, and since its establishment in 2017, its total financing amount has reached US$30.8 million. Validation Cloud offers three main products to support blockchain based on Proof of Stake (PoS) consensus mechanism. Validation Cloud's products include token staking capabilities, software that connects computers to a proof of stake network, and access to data analyzed by artificial intelligence.
Decentralized AI network Fortytwo announced a $2.3 million Pre-Seed round of financing led by Big Brain Holdings, led by CMT Digital, Escape Velocity Ventures (EV3), Chorus One, Mentat Group, and angel investors including Santiago R Santos, Keone Hon, Paul Taylor and Comfy Capital.
According to Web3 asset data platform RootData, [Fortytwo](https://www.rootdata.com/zh/Projects/detail/Fortytwo?k=MTYzNjU= "Multi-agent AI protocol") is a multi-proxy AI protocol designed to release scalable and efficient intelligence to meet global AI needs. In this system, nodes will verify and build responses to each other, forming a collective intelligence, more efficient and accurate, with a small part of the latter’s cost.
Privacy blockchain Seismic completes a $7 million seed round of financing, led by a16z Crypto
According to official news, Seismic, the privacy blockchain project, announced the completion of a US$7 million seed round financing, led by a16z Crypto, and Polychain, 1kx, NGC, and dao5 participated in the investment. The specific valuation information has not been disclosed yet. The new funds will be used to build a private smart contract platform.
According to Web3 asset data platform RootData, [Seismic](https://www.rootdata.com/zh/Projects/detail/Seismic?k=MTAzOTc= "Interactive blocking protocol") is an interactive blocking protocol with the goal of helping users collaborate on gaming, communication and social networks. Seismic's protocol is provided as a set of sequencers that insert any chain.
Sati, a crypto payment platform based on WhatsApp, announced that it has completed a $600,000 Pre-Seed round of financing, with BitcoinFi Accelerator, Arcanum Capital, Draper Associates, Boost VC and others participating in the investment. The new funds will support it to introduce Bitcoin into the WhatsApp instant messaging application ecosystem, as well as stablecoin cross-border transaction services based on USDC and USDT.
DoubleZero Foundation received $28 million investment, led by Dragonfly and Multicoin Capital
According to CoinDesk, sources revealed that DoubleZero Foundation received $28 million in its latest financing, with a valuation of $400 million and is currently seeking more investments at a valuation of $600 million. This round of financing was led by Dragonfly and Multicoin Capital. DoubleZero declined to comment.
DoubleZero is building a global private fiber network to improve blockchain data transmission efficiency and reduce latency. It has opened a test network to Solana validators and plans to expand to more public chains. The network integrates private lines of institutions such as Jump Crypto, RockawayX, and Latitude.
According to The Block, the cross-chain bridging protocol Across Protocol raised $41 million by selling its ACX tokens to investors to expand its ability to connect Ethereum to the Layer 2 network. The round of financing was led by Paradigm, with Bain Capital Crypto, Coinbase Ventures, Multicoin Capital and angel investor Sina Habinian.
Hart Lambur, co-founder of the Risk Labs Foundation, revealed that this round of financing was completed in two phases, and was held in the second and fourth quarters of 2024 respectively. Investors’ token unlocking plans include multiple one-year lock-up periods that will last until November 2025. Across Protocol is an intent-based interoperability protocol that allows users to initiate cross-chain transactions through a single request.
According to Web3 asset data platform RootData, [Across](https://www.rootdata.com/zh/Projects/detail/Across%20Protocol?k=MjExMw== "Cross-chain bridge protocol based on optical") is an optimistic-based cross-chain bridging protocol that allows users to execute transactions between chains almost instantly. This is achieved by using optimistic oracles, bound repeaters and a one-sided liquidity pool.
2. Defi
YZi Labs Announces Investing in Tensorplex Labs, Decentralized AI Labs
According to official news, YZi Labs announced that it has invested in Tensorplex Labs, a decentralized AI lab , and the specific amount has not been disclosed yet .
Tensorplex Labs is a decentralized AI lab that uses decentralized technologies such as Tensorplex Dojo, Backprop Finance, etc. to build applications, infrastructure, and tools to enhance AI development and use cases.
According to CoinDesk, Berachain's ecological liquidity staking agreement Infrared has completed a US$14 million Series A financing led by Framework Ventures. In addition to the $2.25 million strategic round and $2.5 million seed round led by Binance Labs, Infrared's current total financing amount reaches $18.75 million.
Infrared will provide liquid staking solutions for Berachain's native tokens BGT and BERA. After a user stakes native tokens to obtain a validator reward, he will receive a liquid staking token iBERA, which can generate additional benefits in other DeFi protocols. In addition, Infrared has also become the first project supported by Berachain Foundation incubator "Build a Bera", which announced in January this year that it was looking for cooperative entrepreneurial projects.
"We believe Infrared's agreement will unlock a lot of productive capital in the broader Berachain ecosystem while maximizing efficiency and benefits," said Michael Anderson, co-founder of Framework Ventures. "This will enable developers on the Berachain framework to innovate in new ways."
According to the Web3 asset data platform RootData, [Infrared Finance](https://www.rootdata.com/zh/Projects/detail/Infrared?k=MTA5MDc= "Berachain Ecological Hub") is an application of the liquidity proof consensus mechanism based on Berachain. The app redesigned liquid staking against the backdrop of the three-token architecture and BGT's unique soul-binding elements. The agreement maximizes value for stakeholders through its infrastructure-level PoL vault and iBGT mobile pledged derivatives through social aggregation of BGT.
MEV developer FastLane Labs completed $6 million in funding, led by Figment Capital and DBA
According to official news, MEV developer FastLane Labs announced that it had completed a $6 million financing, led by Figment Capital and DBA, and Coinbase Ventures, Robot Ventures, Hashkey Capital, CHORUS ONE and others participated in the investment. The new funds will be used to create all-round liquid staking tokens on Monad.
According to reports, FastLane Labs is committed to building a long-term MEV ecosystem on Monad, allowing users, dApps and stakeholders to benefit from it.
Previously, in May 2023, FastLane Labs completed a $2.3 million financing, led by Multicoin Capital.
III. AI
Game AI agent iAgent Protocol announced that it has completed a $3 million financing, with Japanese chain game companies double jump.tokyo, IBC Group, PG Group, Alliance, Cointribune, etc. participating in the investment. The new funds will support it in building an on-chain AI agent "infrastructure layer", allowing gamers to use decentralized GPU computing power to train their AI agents and obtain token incentives.
4. CeFi
Metaplanet completes approximately $87 million in financing to increase Bitcoin
According to the announcement of Metaplanet, the company completed the large-scale exercise of the 13th and 14th series of stock subscription rights through third-party targeted share issuances, with a total financing of approximately 12.97 billion yen (about 87 million US dollars).
This financing is backed by EVO FUND, and some funds have been used to redeem the previously issued 7th ordinary bonds in advance. Metaplanet plans to use the funds to continue to increase its Bitcoin stake in order to strengthen its digital asset investment strategy
French crypto market maker and liquidity provider Flowdesk completed a $52 million Series B additional financing, of which 80% were equity financing and about 20% ($10.2 million) were debt financing. The round of equity financing was led by European investment institution HV Capital, with Eurazeo, Cathay Innovation and ISAI VC participating, and the debt financing was partly provided by funds managed by BlackRock. HV Capital also won a board seat on Flowdesk this time.
Flowdesk plans to use this round of funding to expand its business, including launching a dedicated crypto credit business and setting up an office in the UAE. Debt financing is a strategic choice for the company to optimize its balance sheet while maintaining sustainable growth and avoid equity dilution. Flowdesk previously completed a $50 million Series B financing in January 2024, with a valuation of more than $250 million.
Flowdesk was established in 2020 and its main businesses cover market making, liquidity provision (including crypto ETFs), OTC trading, brokerage services and financial management.
V. Others
Validation Cloud completes $15 million Series A funding round, led by True Global Ventures
According to Fortune Magazine, Validation Cloud, a crypto infrastructure company that utilizes artificial intelligence, announced a $15 million Series A financing round, led by True Global Ventures, and participated by Cadenza, Blockchain Founders Fund, Side Door Ventures and AP Capital. The company's valuation in this round of financing has not been disclosed.
According to reports, this is Validation Cloud's third round of financing, and since its establishment in 2017, its total financing amount has reached US$30.8 million. Validation Cloud offers three main products to support blockchain based on Proof of Stake (PoS) consensus mechanism. Validation Cloud's products include token staking capabilities, software that connects computers to a proof of stake network, and access to data analyzed by artificial intelligence.
Mysten Labs announces acquisition of game development platform Parasol
Mysten Labs, the development company behind Sui, announced the acquisition of game development platform Parasol, and the specific acquisition amount has not been disclosed yet.
Parasol is an end-to-end platform that enables game developers to integrate blockchain infrastructure into their games.
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