Financing Weekly丨20 projects raised 72.8 million USD

Organization: Golden Finance

This week, 20 blockchain startups collectively raised $72.8 million in funding.

The largest financing deal this week

Gnosis HQ (formerly known as Headquarters) received $15 million in a round of merger financing from Gnosis.

Gnosis HQ is a self-custody financial platform aimed at Web3 native teams and traditional enterprises. The company was acquired by Gnosis in May 2025 and offers enterprise-grade tools, including stablecoin payments, Visa corporate cards, and integration with accounting software such as Xero and QuickBooks.

Pre-Seed and Seed Round Financing Situation

XP (Captain Labs)

• Funding Amount: **620 million USD (Seed round)
• Investors: Blockchange Ventures, L1D (L1 Digital), Reflexive Capital

XP is a Web3 native ticketing platform developed by Captain Labs, running on the Solana blockchain. The platform tokenizes event tickets into real-world assets (RWA) on the chain, enhancing transparency, security, and user control. With the Tamperproof protocol, XP ensures the security of ticket transactions, addressing issues like hidden fees and counterfeit tickets.

KYD Labs

• **Funding Amount: 7.1 million USD (Seed Round)
• Investors: * a16z Crypto Startup Accelerator (CSX)*, Finality Capital, Ambush Capital, TechStars, Jay Eum, Nakul Gupta

KYD Labs is a Web3 ticketing platform built on the Aptos blockchain that empowers artists and venues to take control of ticket sales, fan data, and revenue. By eliminating intermediaries, KYD enables direct sales to fans, reducing costs and increasing transparency. The platform also offers features such as automated marketing tools, resale controls, and loyalty rewards to help creators derive more value from events.

Nirvana Labs

• **Funding Amount: 6 million USD (Seed Round)
• **Investors: *Crucible Capital, Jump Crypto, RW3 Ventures, Castle Island Ventures, Hash3

Nirvana Labs is a Web3 infrastructure provider that offers high-performance, scalable blockchain infrastructure for developers and enterprises through its proprietary Nirvana Cloud platform. Its platform features high reliability, low latency, and customization capabilities, covering five continents, and is dedicated to providing efficient, secure, and privacy-focused solutions for dApp development.

SpaceComputer

• **Funding Amount: Not Disclosed (Pre-seed Round)
• Investors: Primitive, Nascent, Tangent Ventures, Symbolic Capital (formerly known as Hyperedge Capital), Public Works, Merkle Ventures, Meltem Demirors, Sandeep Nailwal, Loi Luu

SpaceComputer provides tamper-proof orbital computing infrastructure, integrating advanced cryptographic technologies such as Zero-Knowledge Proofs (ZK), Multi-Party Computation (MPC), and Fully Homomorphic Encryption (FHE) to create a decentralized “orbital trust root”. By deploying secure computing nodes in space, it offers security and resilience for blockchain applications beyond terrestrial limitations, supporting high-performance cryptographic operations like zk-rollup and secure auctions, and building a trustless and censorship-resistant Web3 system.

Turtle Club

• **Funding Amount: 6.2 million USD (Seed Round)
• Investors: Theia, SIG DTI (Susquehanna International Group), ConsenSys, Laser Digital, L2 Iterative Ventures (L2IV), Re7 Labs, Selini Capital, Chorus One, Trident Digital, Auros Global, Triton Liquid Fund, Archimed Capital, Tulipa Capital, Bodhi Ventures, Frachtis, Moonhill Capital, Heliad AG, Peaq, Joseph Lubin, Ryan Fang, Bitscale Capital

Turtle Club is a Web3 distribution protocol that monetizes on-chain behavior by tracking user wallet interactions (such as providing liquidity, exchanging, staking, inviting, etc.) and distributes rewards through cooperative agreements. The platform does not rely on smart contracts, offering a trustless, fee-free, self-custodial experience that enhances the yield efficiency of the DeFi ecosystem.

DoubleUp

• **Funding Amount: $4 million (Seed Round)
• Investors: Karatage, Mysten Labs, Selini Capital, EBlock Capital, Comma3 Ventures, Four Pillars, Alpha DAO, Auros Global

DoubleUp is a decentralized casino based on the Sui blockchain, providing a transparent and verifiable fair gaming experience. Through smart contracts and blockchain technology, the platform ensures that all games are tamper-proof and verifiable, enhancing player trust. It includes various types of games, such as coin tossing and other probability-based games, offering users a safe and exciting gaming platform.

Other Financing Rounds

Puffverse

• Financing Amount: $700,000 (Public Offering Round)
• Investor: Not disclosed

Puffverse is a Disney-style 3D metaverse that connects the Web3 virtual world with the Web2 real world, providing NFT-based characters for a variety of interactive experiences. Its multi-channel universe allows players to collect characters with unique traits, outfits, and skills, and use them in a variety of scenarios to trade assets in the ecosystem. PUFF and vePUFF tokens underpin its economic model, with PUFF being used for transactions and vePUFF being used as a governance token earned through staking and in-game rewards.

Taker Protocol

• Financing Amount: **Undisclosed
• Investor: 071labs (Zero Seven One Labs)

Taker is a native Bitcoin liquidity protocol designed to unlock the application potential of BTC in DeFi. It is built on its own blockchain, Taker Chain, and utilizes an innovative NPOL (Nominated Proof-of-Liquidity) consensus mechanism that rewards users who provide liquidity. Users can securely transfer BTC and BRC-20 assets (such as Ordi and Sats) across chains to Taker Chain via the DHC (Dynamic Hidden Committee) bridge, participate in staking, governance (veTAKER), and earn rewards through transaction fees and block rewards. The platform also includes an AMM-based DEX - Taker Swap, optimizing capital efficiency and slippage.

UXLINK

• Financing Amount: Not disclosed
• Investor: **Animoca Brands

UXLINK is a Web3 social platform designed for mass adoption, allowing users to create social assets and participate in crypto trading. Its modular Dapp system encompasses features such as user onboarding, social graph building, group tools, and social trading.

Flood

• Financing Amount: Undisclosed (M&A round)
• Investors: *0x Labs

Flood is a DEX aggregator focused on Ethereum, optimizing trading paths to achieve the best prices. It is currently live on Arbitrum One and plans to expand to more networks, offering gas-free trading and an “intention-based” trading model: users declare their desired outcomes, and executors fulfill trades at optimal prices. The platform coordinates relationships among users, executors, and owners through an immutable core and optional modules.

Giza

• Financing Amount: **2.2 million USD
• Investors: *CoinFund, Base Ecosystem Fund, Echo, Re7 Capital, Stake Capital, ID Theory, Contango Digital Assets, HASH CIB, Metropolis DAO, zeroDAO, Spaceship DAO, Wise3 Ventures, Good Partners, MH Ventures, Q42, Encode Club, WGMI Capital, Norbert Bodziony

Giza is developing a trustless protocol for decentralized machine learning inference computation, providing a trustworthy guarantee for the open economy of open-source AI. The platform supports AI developers in generating zero-knowledge proofs to ensure that the deployment process of verifiable models is transparent and credible.

XSY (Unity)

• Funding Amount: **5 million USD (Series A)
• **Investors: *Borderless Capital, Protagonist, Paper Ventures, Blizzard, Chainview Capital, Sonic Boom Ventures

XSY is a DeFi capital management platform that simplifies the use of advanced yield strategies through its core product Unity ($UTY). Unity is a synthetic dollar built on the Avalanche blockchain, combining spot long and perpetual short positions to help users earn yields while maintaining asset exposure. The platform offers two vault options: yUTY (auto-compounding yield) and xUTY (accumulating redeemable $XSY governance points).

TrendX

• Financing Amount: **5.2 million USD
• Investors: * **Animoca Brands, Cream Labs

TrendX is an AI-driven Web3 platform dedicated to trend tracking and intelligent trading. Its features include trend discovery, sentiment analysis, and trading opportunities in both primary and secondary markets, leveraging advanced algorithms to support users in making informed investment strategies.

N1 (formerly known as Layer N)

• Financing Amount: **2 million USD (Public Offering Round)
• Investor: Not disclosed

N1 is a scalable Layer 1 blockchain that eliminates the consensus process in most cases, supporting asynchronous and unordered transactions for higher throughput. Its built-in data availability mechanism and customizable execution environment provide developers with greater performance control.

Squads

• Financing Amount: * Not disclosed
• Investor: **HAUN Ventures

Squads is a multi-signature protocol based on Solana that helps crypto enterprises securely manage digital assets on-chain. The platform offers a fully on-chain smart contract wallet system, ensuring transparency and immutability, allowing teams to collaboratively manage funds, programs, validator nodes, and tokens.

Vinanz

• Financing Amount: **4 million USD
• Investor: Unrevealed

Vinanz is a publicly listed Bitcoin mining and investment company that operates decentralized mining facilities in the United States and Canada. The company is registered in the British Virgin Islands and is listed on the London Stock Exchange (code BTC). Its business includes Bitcoin mining and strategic acquisitions of regulated BTC ETFs, aiming to build a robust digital asset portfolio and achieve low-cost scalability through multiple data centers and renewable energy.

Perpl

• Financing Amount: **$9.3 million
• Investors: Dragonfly Capital, Ergonia, Brevan Howard Digital, Mirana Ventures, L1D, Hashkey Capital, CMS Holdings, Breed VC

Perpl is a fully on-chain decentralized perpetual contract trading platform built on the Monad blockchain, utilizing a CLOB (Central Limit Order Book) architecture, providing deep liquidity, efficient markets, and complete verifiability. Monad’s high-performance architecture supports 10,000 transactions per second, 500ms block times, and near-zero gas fees, delivering a smooth trading experience for users.

Mountain Protocol

• Financing Amount: Not disclosed (merger acquisition round)
• **Investors: **Anchorage Digital

Mountain Protocol is a decentralized lending network that allows users to lend or borrow funds without traditional financial intermediaries. Users can use cryptocurrencies or NFTs as collateral to borrow, with loan amounts based on the value of the collateral, while lenders earn interest based on supply and demand.

Redacted

• Financing Amount: **Undisclosed
• Investor: **Castrum Capital

Redacted is a Web3 entertainment ecosystem that integrates blockchain and AI to build an “entertainment data sphere,” allowing users to earn rewards while playing, trading, and watching content. Driven by the RDAC token, Redacted enhances the user experience through targeted data protocols while providing commercialization opportunities for Web3 businesses and DApps.