Weekly Financing Update | 14 projects received investment, with a disclosed total financing amount of approximately $195 million (06.09-06.15)

According to Odaily, during the period from June 9 to June 15, a total of 14 financing events were disclosed in the global blockchain sector, a slight rise from the previous week's 13; the total financing amount was approximately $195 million, slightly lower than the previous week's $228 million.

The highlight of this financing round is the continued popularity of the CeFi sector, with most funded projects still concentrated in the centralized direction. Among them, the Web3 security startup Hypernative secured the highest single financing this week, completing a $40 million Series B funding; closely followed by the AI infrastructure platform Yupp, which announced the completion of $33 million in seed funding.

The following are specific financing events (Note: 1. Sorted by the size of announced amounts; 2. Excludes fundraisings and merger events; 3. * Indicates that some businesses involve "traditional" companies in the Blockchain sector):

Web3 security company Hypernative has completed a $40 million Series B funding round, with Ten Eleven Ventures leading the investment.

On June 10, Web3 security startup Hypernative announced the completion of a $40 million Series B funding round, led by Ten Eleven Ventures and Ballistic Ventures, with participation from StepStone Group, Boldstart Ventures, and IBI Tech Fund. Hypernative focuses on real-time Blockchain threat prevention, with its AI system capable of identifying signs of attacks in advance.

Yupp raised $33 million in seed round financing, led by a16z.

On June 13, Yupp completed a $33 million seed round financing led by a16z. The Yupp platform allows users to freely compare various AI models. Users can input prompts and view responses generated by multiple AIs side by side, and after selecting the best result, they form a "preference data packet." This data is used for the post-training and evaluation of AI models. The platform combines Blockchain technology to achieve transparency in the evaluation process, and users can receive corresponding rewards for providing feedback, while AI developers obtain verifiable training data.

The crypto infrastructure company Turnkey has completed a $30 million Series B funding round, led by Bain Capital Crypto.

On June 9, the cryptocurrency infrastructure company Turnkey announced the completion of a $30 million Series B funding round, aimed at building an "open crypto infrastructure layer" to drive the industry to evolve like the internet.

This round of financing was led by Bain Capital Crypto, with participation from Sequoia Capital, Galaxy Ventures, Lightspeed Faction, Variant, and Wintermute Ventures. After this round of financing, Turnkey's total cumulative financing amount reaches 50 million dollars.

Stablecoin startup Noah completes $22 million funding, led by LocalGlobe.

On June 10, stablecoin startup Noah completed $22 million in financing, led by European venture capital firm LocalGlobe, with other participants including Felix Capital, FJ Labs, and angel investors such as Joe Lonsdale, co-founder of Palantir, and Alexander Matthey, former Chief Technology Officer of Adyen. Former Adyen executive Thijn Lamers joined as co-founder and president.

OneBalance completed a $20 million Series A financing round, led by Cyber Fund and others.

On June 12, cross-chain infrastructure development company OneBalance announced the completion of a $20 million Series A funding round, led by Cyber Fund and Blockchain Capital, with participation from Mirana Ventures and L2 IV. As of now, its total funding amount has reached $25 million. OneBalance aims to enhance the user experience of Web3 products through its cross-chain integration product, Toolkit, which allows developers to enable seamless cross-chain transactions for users (such as transferring assets or earning yields) without the need for users to monitor cross-chain bridges or Gas fees.

Blockchain financial technology company CloudTech has completed a $14 million Series A financing and will launch an institutional-grade custody solution for digital assets.

On June 11, blockchain financial infrastructure startup CloudTech completed a $14 million Series A funding round, of which $11 million was raised in the form of Bitcoin and stablecoin USDT. The funds will be used to launch institutional-grade custodial solutions for digital assets and expand a broader crypto-native financial ecosystem. This round of financing comes from several undisclosed investors.

Try Your Best completed a $11 million Series A funding round, with participation from Coinbase Ventures and others.

On June 11, the blockchain-based loyalty platform Try Your Best (TYB) completed a $11 million Series A financing round, led by Offline Ventures and Strobe Ventures, with participation from Coinbase Ventures, Castle Island Ventures, and Unusual Ventures. Consumers on TYB can engage in gamified challenges, earn digital collectibles, and maintain a blockchain-based loyalty profile that tracks their interactions across different brands.

OpenTrade completed a $7 million strategic financing, with participation from a16z crypto and others.

On June 11th, the stablecoin yield platform OpenTrade announced the completion of a $7 million strategic financing round, led by Notion Capital and Mercury Fund, with participation from a16z crypto, AlbionVC, and CMCC Global. The company is headquartered in London and has raised a total of $11 million over the past six months.

TOOL protocol developer nuConstruct has completed a $6 million seed round financing, led by Cyber Fund.

On June 11, the TOOL protocol developer nuConstruct announced the completion of a $6 million seed round of financing, led by Cyber Fund, with participation from Maven 11, DCG, Greenfield, Eden Block, and others. It is reported that TOOL builds a trusted execution environment through Intel TDX TEE, aiming to replace Flashbots MEV-boost and improve the on-chain transaction user experience.

Solana Optimistic Network has completed a strategic financing of 5 million USD, with participation from Jump Crypto and others.

On June 11, Solana Optimistic Network (SOON) announced the completion of a $5 million strategic financing, with angel investors participating including Jump Crypto, Amber Group, Nana Murugesan from zkSync, Mark Hull, co-founder of Kamino Finance, Chris Hermida, founder of Switchboard, and Tori Cohen from Wormhole.

RISE Chain completed a $4 million financing round, with participation from Galaxy Ventures.

On June 9, the low-latency Layer 2 Blockchain RISE Chain announced the completion of a new round of financing amounting to $4 million, with participation from Galaxy Digital's venture capital arm, Galaxy Ventures. The total financing for the project has reached $8 million, and the new funds will be used to promote its mainnet launch to build a high-throughput, low-latency Blockchain.

Orange Cap Games completed a $3.5 million seed round financing, led by 1kx and Yuga Labs.

On June 10, the blockchain game development studio Orange Cap Games announced the completion of a $3.5 million seed round financing, led by 1kx and Yuga Labs, with participation from Bing Ventures, Infinity Ventures Crypto, and several angel investors. This financing will be used to promote the development of its Vibes TCG and Moonbirds products and ecosystem.

The communication platform Towns Protocol has completed a $3.3 million financing round, led by Coinbase Ventures and echo.

On June 10, the communication platform Towns Protocol completed a $3.3 million financing round, led by Coinbase Ventures and echo, which was completed in April this year. In April, Towns Protocol announced the completion of a $10 million Series B funding round, led by a16z crypto, with participation from Coinbase Ventures, Benchmark, and others. Towns Protocol is built on the Base network and aims to promote the development of Web3 social and collaboration tools.

Silhouette completed a $3 million Pre-Seed round of financing, led by RockawayX.

On June 10, Silhouette announced the completion of a $3 million Pre-Seed funding round, led by RockawayX with participation from Amber Group, HiveMind, Protagonist, No Limit Holdings, NGC Ventures, and Echo. Silhouette's "Shield Exchange," built on Trusted Execution Environments (TEE), supports HyperCore and HyperEVM, providing a DeFi experience with various advanced strategy operations including TWAP, VWAP, RFQ, and more.

Hyperion completed a strategic round of financing led by OKX Ventures, with a TVL exceeding 100 million USD.

On June 11th, Hyperion, a leading decentralized exchange (DEX) in the Aptos ecosystem, announced the completion of a strategic round of financing, led by OKX Ventures, with follow-on investments from Aptos Labs, Maelstrom (Arthur Hayes' family office), and Mirana Ventures.