During the first five days of April, nine projects raised a total of $45.7 million in investments. The leader in funding was the Codex project, while investors focused primarily on the Web3 and blockchain infrastructure sectors.
This is reported by Finway
Key Investments in Projects
In particular, among the largest raises:
- $15.8 million — Codex. This startup, which is creating a blockchain optimized for stablecoins, secured funding in a seed round led by Dragonfly Capital. Participating in the investment were also the venture arms of Coinbase and Circle, as well as market makers Cumberland, Wintermute, and Selini Capital. The funds were raised through the issuance of shares and token warrants.
- $12 million — Ultra. The gaming platform received funding in a round led by NOIA Capital through the NOIA Digital Assets fund. The funds are planned to be used for team expansion and platform enhancement, aiming to combine traditional games with cutting-edge technologies.
- $5.9 million — Cambrian Network. The project closed its seed round led by a16z, focusing on integrating artificial intelligence with blockchain technologies to automate financial decisions.
- $5 million — Mahojin. Received investments from a16z and Maelstrom Fund to accelerate innovation within open-source at the intersection of AI and cryptocurrencies.
- $3.02 million — Collecto. The platform, which allows purchasing shares of rare collectibles, raised funding from eight private investors.
- $1.75 million — Hana Network. A mobile platform aiming to replace centralized exchanges conducted a public token sale and raised funds despite high demand.
- $1 million — bAI Fund. Secured investments for the development of AI infrastructure in the PayFi sector.
- $1 million — Bloctopus. The developer of tools for creating blockchain sandboxes received funding from Hivemind Capital and other investors.
- $306,000 — Ooga Boga. The liquidity aggregator raised funds through a token sale.
Additionally, several projects received funding but did not disclose the investment amounts. In particular, NodeFoundry secured funds from FourTwo-Two Capital for the development of decentralized AI computing, while Universal Health Token received strategic investments to scale its infrastructure.
Funding Trends
From April 1 to 5, projects in the Web3, blockchain services, blockchain infrastructure, GameFi, and DeFi segments actively attracted investments. According to CryptoRank data, the top 5 funds by the number of investments also indicate a growing interest in the development of the digital world.
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