Hotcoin Investment and Financing Weekly Report (Sep 21- Sep 27) | 16 Events, Financing Halved Compared to Last Week

From September 21 to September 27, there were 16 investment and financing events in the crypto market, including 9 in infrastructure, 4 in DeFi, 1 in DePIN, 1 in tools, and 1 in gaming.

There were 5 financing events exceeding $10 million this week:

• Modular blockchain network Celestia completed a $100 million OTC transaction, investors include Bain Capital Crypto and 1kx.
• Decentralized perpetual contract trading platform Infinex completed a $65.3 million financing round; investors include Wintermute and Framework Ventures.
• Full-chain Rollup network Initia completed a $14 million Series A financing round, investors include Theory Ventures and Hack VC.
• Decentralized 3D and XR content delivery platform Mawari completed a $10.8 million strategic financing round, investors include Borderless Capital and 1kx.
• Fully homomorphic encryption (FHE) layer Mind Network completed a $10 million Pre-A financing round, investors include Animoca Brands and MH Ventures.

The investment and financing enthusiasm in the crypto market decreased compared to last week, with 9 in infrastructure and 4 in DeFi. The total number of financing events halved compared to last week. However, the overall financing amount increased. The modular blockchain network Celestia received the largest financing, amounting to $100 million.

The investment and financing projects this week are sorted by financing amount as follows:

Infrastructure

1. According to ROOTDATA investment and financing data on September 27, Initia completed a $2.5 million public fundraising round, investors undisclosed. Initia is a full-chain Rollup network, built by integrating novel L1 with application-specific L2 infrastructure systems. The Initia platform provides product-ready Rollups, enabling teams to build scalable sovereign systems while eliminating the user experience complexity faced by end-users when interacting with the modular multi-chain universe. Initia has a complete technology stack that can implement a set of chain-level mechanisms to align economic interests between users, developers, L2 application chains, and L1.
2. According to ROOTDATA investment and financing data on September 26, Mawari completed a $10.8 million strategic financing round, investors include Borderless Capital and 1kx. Mawari Network is a decentralized 3D and XR content delivery platform that breaks the bottleneck of real-time rendering infrastructure supply and the lack of local computing power on XR devices. The project achieves this goal by orchestrating a decentralized network composed of GPU-driven nodes running the Mawari engine, a proprietary technology stack that can render interactive 3D content and stream it efficiently in real-time to large-scale mobile XR devices.
3. According to ROOTDATA investment and financing data on September 25, AminoChain completed a $5 million seed round financing, investors include a16z and Alumni Ventures. Reportedly, AminoChain is building an L2 blockchain protocol connecting enterprise medical institutions and building user-owned decentralized healthcare applications on top of this protocol. The first application built on AminoChain is a biological sample marketplace that allows researchers to query and license samples through a network of biobanks. Patients can track the use of their samples, learn from new insights generated from the samples, and earn money when these samples are sold.
4. According to ROOTDATA investment and financing data on September 25, Initia completed a $14 million Series A financing round; investors include Theory Ventures and Hack VC. Initia is a full-chain Rollup network, built by integrating novel L1 with application-specific L2 infrastructure systems. The Initia platform provides product-ready Rollups, enabling teams to build scalable sovereign systems while eliminating the user experience complexity faced by end-users when interacting with the modular multi-chain universe. Initia has a complete technology stack that can implement a set of chain-level mechanisms to align economic interests between users, developers, L2 application chains, and L1.
5. According to ROOTDATA investment and financing data on September 25, EarthFast completed a $1.4 million pre-seed round financing, investors include Nascent and The General Partnership. EarthFast is a blockchain infrastructure protocol that will update, deploy, and host frontend displays for community members.
6. According to ROOTDATA investment and financing data on September 23, Privasea completed a pre-A round financing with an undisclosed amount, with Oasis Labs as the investor. Privasea is a decentralized artificial intelligence network that enables the circulation of data value through FHEML. The network provides distributed computing resources for FHE AI operations. The entire system is supported by ZAMA’s specific machine learning and incentivized crowdsourcing of $PRVA tokens.
7. According to ROOTDATA investment and financing data on September 23, Celestia completed a $100 million OTC transaction, investors include Bain Capital Crypto and 1kx. Celestia is a modular blockchain network aimed at building a scalable data availability layer, thereby enabling the next generation of scalable blockchain architecture — modular blockchains, designed to allow anyone to easily deploy their own blockchain with minimal overhead. Celestia scales by decoupling execution from consensus and introducing new data availability sampling.
8. According to ROOTDATA investment and financing data on September 23, Zulu Network completed a seed round financing with an undisclosed amount, investors include Draper Dragon and PANONY. Zulu Network is a Bitcoin Layer2 that introduces a two-layer architecture to expand the functionality of the Bitcoin network: ZuluPrime (L2) elevates BitFi (Bitcoin DeFi) to a new level through EVM, while ZuluNexus (L3) extends Bitcoin’s native functionality through UTXO innovation.
9. According to ROOTDATA investment and financing data on September 21, Grass completed a Series A financing round with an undisclosed amount, investors include Hack VC and Delphi Digital. Grass is the flagship product of Wynd Network, allowing users to profit from internet connections by selling unused network resources. For individuals, it will appear as a network extension, downloaded, retained, and forgotten. It will work behind the scenes, helping others acquire public network data in exchange for payments in the protocol’s native tokens.

DeFi

1. According to ROOTDATA investment and financing data on September 27, Mind Network completed a $10 million pre-A round financing, with investors including Animoca Brands and MH Ventures. Mind Network is a Fully Homomorphic Encryption (FHE) layer for AI and Proof of Stake (POS) networks, accepting re-staked tokens from ETH, BTC, and AI bluechips, and operating as an FHE validation network, bringing consensus, data, and cryptoeconomic security to Decentralized AI, DePIN, EigenLayer, Symbiotic and Babylon AVS, as well as many critical POS networks.
2. According to ROOTDATA investment and financing data on September 25, Infinex completed a $65.3 million financing round; investors include Wintermute and Framework Ventures. Infinex is a decentralized perpetual contract trading platform launched by Synthetix. Infinex will generate revenue through multiple mechanisms, including additional trading fees, integration fees through the Synthetix Integrators program, and fees from SNX LPing. All generated revenue will be used to accumulate more SNX, meaning that as Infinex’s trading volume increases, Infinex’s SNX LP position will also increase.
3. According to ROOTDATA investment and financing data on September 24, Meridian completed a $4 million seed round financing, investors include ParaFi Capital and Borderless Capital. Meridian is Movement’s native liquidity layer, aimed at safely scaling and achieving high-speed capital flow through Move.
4. According to ROOTDATA investment and financing data on September 23, Helix Labs completed a $2 million pre-seed round financing, investors includeTribe Capital and LD Capital. Helix Labs is a re-staking asset liquidity protocol aimed at enhancing yield opportunities for non-Ethereum L1 asset holders and supporting future MoveVM Rollups through liquidity abstraction and the OmniVM technology stack. Helix Labs brings more liquidity to DeFi by enhancing token utility, expanding EigenFi capacity, and providing liquidity as a service.

Others

1. According to ROOTDATA investment and financing data on September 27, MeshMap completed a $4 million financing round, investors include a16z and GSR. MeshMap is building an open 3D world map through community-submitted 3D scans and rewarding through token incentives and engaging gameplay.
2. According to ROOTDATA investment and financing data on September 24, Daylight completed a $6 million seed round financing, investors include Union Square Ventures and 1kx. Daylight is a wallet information tracking platform where users can discover everything a wallet can do: minting, airdrops, unlocking, voting, and more.
3. According to ROOTDATA investment and financing data on September 23, Smolbound completed a $6 million seed round financing, investors include Bitkraft Ventures and Arbitrum. Smolbound is a life simulation role-playing game developed by Darkbright Studios, offering a fresh farming life experience.