Hippopotamus Crypto Financing Weekly Report (December 1-7)

Retail investors are fleeing, institutions are increasing their bets. Last week, over $152 million in funding flowed into Web3. Are there any projects you are optimistic about👇

🔥Projects with over $10 million in funding this time
1️⃣ Digital Asset @digitalasset
🔹 Raised $50 million, with New York Mellon Bank and others participating;
🔹 Digital Asset is the developer of Canton Network, a blockchain software and service provider.

2️⃣ Portal @PortaltoBitcoin
🔹 Raised $25 million, led by JTSA Global;
🔹 Portal is a non-custodial interoperability protocol for Bitcoin, supporting fast transactions between Bitcoin assets and L2 and other L1 layers.

3️⃣ Ostium @OstiumLabs
🔹 Series A funding of $20 million, with investments from General Catalyst and others;
🔹 Ostium is a synthetic asset protocol mainly focused on trading tangible assets like metals and energy.

4️⃣ Fin @fin
🔹 Raised $17 million, led by Pantera Capital;
🔹 Fin is an enterprise payment company based on stablecoins.

5️⃣ Bitstack @bitstack
🔹 Series A funding of $15 million, led by 13books Capital;
🔹 Bitstack is a mobile app that makes Bitcoin savings simple and fun.

🔥Funding below $10 million this time
🔸 Quantitative yield protocol @AxisFDN raised $5 million;
🔸 On-chain yield platform @alturax raised $4 million;
🔸 AI infrastructure startup @DeepNodeAI raised $3 million;
🔸 AI exploration engine @get_truenorth raised $3 million;
🔸 Prediction market @gondorfi completed an angel round;
🔸 DeFi platform @LayerBankFi raised $2.3 million;
🔸 Reserve currency protocol @asgardecofun raised $2.2 million;
🔸 AI infrastructure startup @DeepNodeAI raised $2 million;
🔸 AI-driven trading protocol @HaiKuTrade raised $1 million;
🔸 On-chain tracking and analytics platform @optiview_x completed strategic funding, valuation of $20 million.

#web3融资 #Crypto Financing