Blockchain Portal reported:
This week, 23 blockchain startups secured a total of $154.1 million in funding. The largest funding round was raised by Conduit, securing $37 million in Series A financing. Three projects received Series A investments, while the remaining 20 secured funding in other rounds.
**Top Funding Rounds This Week:**
1. **Conduit**
Conduit raised **$37 million** in Series A financing. Investors included Paradigm, HAUN Ventures, Coinbase Ventures, Bankless Ventures, Robot Ventures, Credibly Neutral, Hayden Adams, Tim Beiko, Hasu, Nick White, Liam Horne, Sreeram Kannan, Uma Roy, Tarun Chitra, Zaki Manian, Mustafa Al-Bassam, Calvin Liu, Henri Stern, Yi Sun, and Scott Sunarto.
**Conduit Overview:**
Conduit operates as a crypto infrastructure platform enabling rapid deployment of production-grade OP chains (rollups based on the Optimistic Ethereum protocol), eliminating scalability, reliability, and upgradeability challenges for DeFi protocols, gaming companies, NFT platforms, and other on-chain providers.
**Seed and Seed Round Funding:**
2. **Rebar Labs**
Rebar Labs raised **$2.9 million** in seed funding from 6th Man Ventures (6MV), Arca Fund, ParaFi Capital, Moonrock Capital, and UTXO Management.
**Rebar Labs Overview:**
Rebar Labs develops MEV-aware infrastructure, products, and research for Bitcoin, focusing on emerging on-chain ecosystems through protocols like Runes and BRC-20, L2 deployment, and rollups.
3. **MegaLabs**
MegaLabs (MegaETH) secured **$20 million** in seed funding from Dragonfly Capital, Figment Capital, Robot Ventures, Big Brain Holdings, Folius Ventures, Credibly Neutral, Meltem Demirors, Vitalik Buterin, Hasu, Santiago R. Santos, Sreeram Kannan, Cobie, and Kartik Talwar.
**MegaLabs Overview:**
MegaLabs develops MegaETH, a blockchain targeting 100,000 transactions per second (TPS) fully compatible with Ethereum, featuring heterogeneous blockchain architecture and highly optimized EVM execution environment.
4. **Fenix**
Fenix raised **$300,000** in seed funding from Orbs, Lynex, Samurai Starter, and Pragma Ventures.
**Fenix Overview:**
Fenix builds advanced decentralized exchanges for the Blast ecosystem, simplifying user experience and supporting the development of internal and external protocols while enhancing chain resilience.
5. **NovaNet**
NovaNet secured **$3 million** in seed funding from Finality Capital, Arrington Capital, Avalanche Foundation, Builder Capital, Caballeros Capital, Scott Moore, and Jaynti Kanani.
**NovaNet Overview:**
NovaNet operates as a peer-to-peer decentralized proof network incentivizing scalable, privacy-preserving computations using zero-knowledge proofs (ZKPs) across multiple platforms.
6. **AnchorZero**
AnchorZero raised **$8 million** in seed funding from Bain Capital Crypto, Spark Capital, Ethereal Ventures, Robot Ventures, Mischief Fund, Pascal Capital, and Sarah Meyohas.
**AnchorZero Overview:**
AnchorZero specializes in decentralized oracle networks delivering secure and reliable data feeds for smart contracts across multiple chains, focusing on DeFi applications and offering Web3 tax planning solutions.
7. **GolfN**
GolfN raised **$1.3 million** in pre-seed funding from CitizenX Crypto Ventures, Fourth Revolution Capital (4RC), Joe McCann, and Nom.
**GolfN Overview:**
GolfN introduces a Web3 golfing game integrating traditional golf with digital rewards, enhancing inclusivity and engagement through a comprehensive digital caddy app and blockchain-based reward system.
8. **SoSoValue**
SoSoValue secured **$4.2 million** in seed funding from HongShan (formerly Sequoia China), GSR Markets LTD, Alumni Ventures (AVG), Coinsummer Labs, and OnePiece Labs.
**SoSoValue Overview:**
SoSoValue provides a platform for cryptocurrency investors offering high-quality macro market information to enhance investment research using AI-based news and research categorization systems.
**Other Funding Rounds:**
The translations for the rest of the entries follow similar patterns and are available upon request.
