In a whirlwind of financing activities, several projects in the blockchain and cryptocurrency space have recently received venture capital backing to drive growth and development.
Arbelos Markets received $28 million
Arbelos Markets, a prominent New York-based liquidity provider in the cryptocurrency derivatives market, recently… Believer Major financing of $28 million.
This investment round was led by Dragonfly Capital and saw participation from Room40 Ventures, Selini Capital, Breed VC, FalconX, and Circle Ventures.
Founded by Joshua Lim and Xiliang Tang, Arbelos aims to strengthen its quantitative trading infrastructure, expand its product offerings, and strengthen its market presence with the newly acquired capital.
Lagrange Labs raises $13.2 million
Lagrange Labs, a New York-based blockchain computing startup, recently secured a significant $13.2 million in seed funding.
this investment The round was led by Founders Fund, which subsequently saw participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, and Mantle Ecosystem Fund.
Founded by a team of experienced blockchain professionals, Lagrange Labs aims to improve how calculations are performed on blockchain networks.
ZKM seizes $5 million
Ethereum scaling startup ZKM recently started Believer $5 million in seed funding, with OKX Ventures leading the round.
Other notable participants include Amber, Metis Foundation, and Crypto.com. This funding represents an important milestone for ZKM as it aims to enhance its scalability solutions for Ethereum.
The support from major investors underscores the growing interest in the development of Ethereum (ETH) and the importance of expanding the range of solutions in the blockchain space.
ZKM's innovative approach and strategic partnerships position it as a promising player in the Ethereum scaling ecosystem.
Volta raises $4.1 million
Volta, a non-custodial cryptocurrency platform based in Las Vegas, did just that Starch $4.1 million in seed funding to develop its enterprise-focused infrastructure.
The investment round was co-led by Fika Ventures and Haven Ventures, with participation from Soma Capital, Dispersion Capital, and Uphonest Capital.
Volta's flagship product, Volta Circuit, is a multi-sig, non-custodial platform designed to provide speed, security and enhanced compliance for institutional investors.
The platform aims to address scalability, security, and performance concerns by integrating smart contract wallets with direct implementation of on-chain governance and policy controls.
Hemera confirms $2.6 million in funds
Hemera, a San Francisco-based web3 infrastructure startup, did just that Starch $2.6M financing co-led by LIF Capital and Nomad Capital.
The investment round also saw participation from SNZ, Chainlink and prominent angel investors, including the founders of ZetaChain and Sending Labs, Wish co-founder Danny Zhang, and Microsoft senior vice president and AI expert Harry Shum.
Hemera's approach to decentralized indexing and data processing has the potential to open up new possibilities for Web3 developers and users, said Jane Smith, managing partner at LIF Capital.
“We are excited to support the team as they work to build a more scalable and efficient web3 ecosystem,” she added.
Hemera's architecture is designed to be compatible with large language models (LLMs) and broader AI models, facilitating seamless integration with cutting-edge technologies.
Crystal Network raises $2 million
crystal mesh, San Francisco-based proof of performance services marketplace for Web3 developers Starch $2 million in pre-seed funding.
A diverse group of investors participated in this effort. They include Lingfeng Capital, Cogitent Ventures, Kyro Ventures, Veris Ventures, Smape Capital, MH Ventures, LayerLabs, Pragma Ventures, Builder Capital, NxGen.lens, Artemis Capital, and Quotient Ventures.
Lingfeng Li, Managing Partner at Lingfeng Capital, highlighted Crystal Network's approach to creating a decentralized, performance-driven marketplace for Web3 services which is exactly what the industry currently requires.
He expressed his enthusiasm to support the team's efforts to enhance accessibility and efficiency in Web3 development for all stakeholders.
Musso sees $2 million in seed funding
Moso, a Los Angeles-based for-profit shopping platform that integrates online shopping with cryptocurrency rewards, has… Starch $2 million in seed funding. This investment round was led by Sympical Capital and Dao5, with additional participation from Coinlist and Polygon Ventures.
Moso allows users to earn cryptocurrency rewards while shopping online, boosting the e-commerce landscape using blockchain technology.
Backed by investors such as Sympical Capital, Dao5, Coinlist, and Polygon Ventures, Moso aims to revamp its platform, grow its user base, and establish itself in the for-profit shopping market.