Financing Weekly Report | 20 public financing events, the platform Yupp that combines AI and encryption completed a $33 million seed round financing, led by a16z.

Highlights of this issue

According to incomplete statistics from PANews, there were 20 financing events in the global blockchain last week (June 9 - June 15); the total amount of funds exceeded $260 million, of which approximately $60 million was for listed companies’ crypto asset reserve financing. The overview is as follows:

• DeFi sector announced 3 fundraising events, among which OpenTrade completed a $7 million strategic round of financing, with participation from a16z crypto and others;
• Web3 games sector announced 1 investment event, chain game development studio Orange Cap Games completed a $3.5 million seed round financing, led by 1kx and Yuga Labs;
• Web3+AI announced 2 financing events, including a16z Crypto leading a $33 million seed round for the AI and crypto integration platform Yupp;
• Infrastructure & Tools sector announced 8 financing events, among which Web3 security startup Hypernative completed a $40 million Series B financing round, led by Ten Eleven Ventures and Ballistic Ventures;
• Other applications announced 5 financing events, among which Web3-driven consumer loyalty infrastructure Try Your Best (TYB) completed a $11 million Series A financing, led by Offline Ventures and Strobe Ventures;
• Decentralized Finance announced 1 investment event, stablecoin payment startup Noah completed a $22 million seed round financing, led by LocalGlobe.

DeFi

OpenTrade completes $7 million strategic round financing, with participation from a16z crypto and others

British fintech company OpenTrade has completed a $7 million strategic funding round, led by Notion Capital and Mercury Fund, with participation from a16z crypto, AlbionVC, and CMCC Global. The company focuses on providing stablecoin yield services in high-inflation areas, managing assets of $47 million and an average monthly trading volume of $200 million. OpenTrade offers a “yield-as-a-service” model, providing underlying technical support for partners such as Spain’s Criptan and Colombia’s Littio, allowing users to earn up to 9% yield on USD/EUR stablecoins via a mobile app. In markets like Colombia, where bank USD deposit rates are less than 0.4%, this service can yield up to 6%. The new funding will be used for technological upgrades and business expansion.

Silhouette completes $3 million Pre-Seed round financing, led by RockawayX

According to an official announcement from Silhouette, it has completed a $3 million Pre-Seed round of financing led by RockawayX, with participation from Amber Group, HiveMind, Protagonist, No Limit Holdings, NGC Ventures, and Echo, among others.

Silhouette’s “Shield Exchange” built on Trusted Execution Environments (TEE) aims to achieve privacy-protected order matching and settlement functions on Hyperliquid, supporting HyperCore and HyperEVM, and offering a new DeFi experience with various advanced strategy operations including TWAP, VWAP, and RFQ. The project’s goal is to address the issue of “excessive transparency of information” in on-chain transactions, allowing users to trade freely without exposing their strategies.

Institutional staking platform Colossus Digital completes approximately $1.15 million in financing, with SBI Ven Capital participating

The institutional staking platform Colossus Digital has completed a financing round of 1 million euros (approximately 1.155 million USD). This investment is supported by a joint fund from SBI Ven Capital, Sygnum Bank, and Azimut Group, aimed at accelerating the launch of the company’s Institutional Hub (, which is an infrastructure platform connecting regulated custodians with validating nodes for staking and governance. Colossus Digital is headquartered in Rome and is building a bilateral B2B marketplace that enables digital asset holders to interact directly with staking and DeFi protocols from a secure custody environment.

) Web3 games

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

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.

AI

a16z leads Yupp’s $33 million seed round to create a decentralized AI evaluation platform

Chris Dixon’s a16z Crypto announced a leading investment in Yupp, an AI and crypto integration platform, with a $33 million seed round funding. Yupp allows users to evaluate the results generated by multiple models of AI, and the selected preferences will generate signed data packets for model fine-tuning and evaluation. Users can receive rewards for contributing feedback, and the data is time-sensitive to maintain the system’s vitality. Yupp was co-founded by former executives from Twitter, Google, and Coinbase, aiming to create a “trustless” AI feedback market and become the default evaluation layer for future AI models.

Crypto startup TrueNorth raises $1 million in angel round funding

AI-driven crypto startup TrueNorth has raised $1 million in a strategic angel round, supported by figures such as Bryan Pellegrino from LayerZero, Jeff Feng from SEI, and Jordi Alexander from Selini Capital, with the aim of creating a highly personalized digital asset discovery platform. The platform is currently in closed beta, using autonomous agents to monitor activities across blockchains, social media, and macroeconomic indicators, generating high-signal investment prompts for individual users.

Infrastructure & Tools

Web3 security company Hypernative completes $40 million Series B funding

Web3 security startup Hypernative has completed 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 and has served over 200 clients, protecting assets totaling more than $100 billion. Its AI system can identify signs of attacks in advance, successfully warning of potential losses amounting to $2.2 billion in 2024.

Cryptocurrency wallet infrastructure company Turnkey completes $30 million Series B funding, led by Bain Capital Crypto

Cryptocurrency wallet infrastructure company Turnkey, founded by former Coinbase employees, has completed a $30 million Series B funding round led by Bain Capital Crypto, with participation from Lightspeed Faction and Galaxy Ventures. Turnkey will use the new funds to expand its current team of 35 people, focusing on strengthening its engineering capabilities and promoting the adoption of its API wallet solutions.

OneBalance secures $20 million in Series A funding, led by Cyber Fund and Blockchain Capital

The cross-chain infrastructure company OneBalance has announced the completion of a $20 million Series A funding round led by Cyber Fund and Blockchain Capital, bringing total funding to $25 million. The funds will be used to expand the team and enhance the core product Toolkit, which simplifies users’ asset transfers and yield operations across multiple chains without the need to manually handle bridging and Gas fees. OneBalance is led by Stephane Gosselin, co-founder of Flashbots, and aims to provide stablecoin users with a seamless “one-click cross-chain” experience.

Blockchain financial infrastructure startup CloudTech completes $14 million Series A funding

CloudTech, a blockchain financial infrastructure startup based in Melbourne, Australia, announced the completion of a $14 million Series A funding round. It is reported that about $11 million of this financing was provided in the form of Bitcoin and stablecoin USDT. The company’s current business covers over-the-counter trading ###OTC(, stablecoin solutions, and CobWeb Pay, which allows cryptocurrency to be converted into AUD for regular shopping. The new funds are intended to launch an institutional-grade digital asset custody solution.

TOOL protocol developer nuConstruct has completed a $6 million seed round financing led by Cyber Fund, planning to achieve 1-second transaction confirmation on the Ethereum mainnet

The Web3 infrastructure team nuConstruct has announced the completion of a $6 million seed round of financing led by Cyber Fund, with participation from Maven11, DCG, Greenfield, Eden Block, and others. Its core product, TOOL (Trustless Orderflow Operations Layer), aims to divide Ethereum’s 12-second block time into 12 one-second micro-rounds, achieving one-second transaction confirmation without Rollups. TOOL builds a trusted execution environment through Intel TDX TEE, ensuring on-chain privacy and fair ordering, with the goal of replacing Flashbots MEV-boost and improving on-chain user experience. The protocol does not require staking or penalty mechanisms, relying entirely on economic incentives and decentralized network support. It is currently in a small-scale testing phase, with plans to achieve a validator pre-commitment rate of over 50% and an order flow share of over 80% within three months.

Ethereum L2 project RISE receives $4 million investment from Galaxy Ventures

The Ethereum Layer 2 project RISE announced a $4 million investment from Galaxy Ventures, bringing the total funds raised so far to $8 million. The project has previously received investments from figures such as Vitalik Buterin. According to reports, RISE achieves a latency of as low as 5 milliseconds through its Shreds trading architecture, with the testnet processing over 50,000 transactions per block, targeting a throughput of 100,000 TPS. RISE adopts an Ethereum-based “base ordering” solution, aiming to maintain decentralization while addressing performance bottlenecks.

Communication platform Towns Protocol completes additional financing of $3.3 million, led by Coinbase Ventures and others

The communication platform Towns Protocol announced the completion of an additional $3.3 million financing, led by Coinbase Ventures and echo, with the funding completed in April this year. Towns Protocol is built on the Base network and aims to promote the development of Web3 social and collaboration tools. Towns hopes to create a digital town square through decentralization and Web3, where members can define boundaries, set rules, and build the world they want, with users becoming the owners of the digital town square. Previously, in April, Towns Protocol announced the completion of a $10 million Series B financing led by a16z crypto.

Crypto wallet service provider PlutoPe completes approximately $580,000 in Pre-Seed funding, led by Manit Gupta

Indian crypto wallet service provider PlutoPe announced the completion of a Pre-Seed funding round of 50 million rupees (approximately 580,000 USD), led by Manit Gupta. The company primarily offers DeFi services based on non-custodial crypto wallets, with main partners being stablecoin issuers, Layer 1 blockchains, and banking institutions. The new funds are intended to enhance transaction volume and build a decentralized financial operating system.

) Other

Consumption:

TYB completes $11 million Series A funding round, focusing on Web3 consumer loyalty platform

The second startup of Outdoor Voices founder Ty Haney, Try Your Best (TYB), has completed a $11 million Series A funding round led by Offline Ventures and Strobe Ventures, with participation from Coinbase Ventures, Castle Island Ventures, and Unusual Ventures. TYB focuses on building a Web3-driven consumer loyalty infrastructure and has attracted 200 brands and 2 million users, primarily serving Gen Z women. Users on the platform can participate in tasks to earn on-chain collectibles and points, significantly enhancing brand user stickiness and conversion rates.

Cryptocurrency Asset Reserve:

Brazilian listed company Méliuz raises $32.5 million to increase Bitcoin holdings

The Brazilian listed technology company Méliuz announced the completion of a $32.5 million financing, which will be used to increase its Bitcoin holdings.

The Blockchain Group completed a €9.7 million funding round to advance its Bitcoin reserve strategy

The European listed company The Blockchain Group (ALTBG) announced the completion of a €9.7 million financing to advance its Bitcoin reserve strategy. The funds were raised through a combination of equity and convertible bonds, with major investors including Adam Back, TOBAM, and Ludovic Chechin-Laurans. TOBAM subscribed to €6 million of convertible bonds, with a conversion premium of 30%; Ludovic Chechin-Laurans invested €2.4 million in Bitcoin; Adam Back converted all his first-phase bonds into 14.9 million shares of ALTBG and additionally subscribed to 2.1 million shares. This financing is expected to enable the company to increase its holdings by approximately 80 Bitcoins, bringing the total reserve to 1,611 Bitcoins.

Sweden’s H100 Group Completes $10.5 Million Financing to Advance Bitcoin Reserve Strategy

Swedish health and longevity company H100 Group announced the completion of a $10.5 million (approximately 101 million Swedish Krona) financing, which will be used to expand its Bitcoin reserve strategy. Investors include Blockstream CEO Adam Back, UTXO Management, and several family offices. The financing consists of a 69.65 million Krona equity issuance and a 31.35 million Krona interest-free convertible bond, the latter of which can be converted into shares at 1.75 Krona per share. Since first purchasing Bitcoin on May 22, H100’s stock price has increased by nearly 400%.

Public company Oblong raises $7.5 million to invest in the Bittensor ecosystem, most of the funds will be used to purchase $TAO

Oblong, Inc., an IT solutions technology service provider listed on Nasdaq, announced a private financing of approximately $7.5 million to initiate an artificial intelligence and digital asset strategy centered around Bittensor. The private placement sold 1,989,392 shares of common stock at a price of $3.77 per share, and is expected to be completed by June 11, 2025. Oblong plans to use most of the funds to purchase Bittensor’s native token $TAO and support the development of its decentralized AI network, including the building of open markets for computing, reasoning, data, and model training. The company will also develop software tools within the Bittensor ecosystem and participate in Subnet 0 to earn $TAO.

centralized finance

Stablecoin startup Noah completes $22 million seed round financing, led by LocalGlobe

Stablecoin payment startup Noah announced the completion of a $22 million seed round financing, led by European venture capital firm LocalGlobe, with participation from Felix Capital, FJ Labs, and angel investors including Palantir co-founder Joe Lonsdale. Former Adyen global sales head Thijn Lamers joined as a co-founder, bringing extensive resources from the payment industry.

It is reported that Noah offers a stablecoin payment API that can connect to 50 currencies and covers 70 countries, with a cumulative transaction volume exceeding 1 billion USD. Lamers stated that his network and reputation are one of the company’s differentiated advantages. CEO Shah Ramezani emphasized, “The payment network is more important than the technology.”