Blockchain startups raise $151m, Partior leads

Blockchain startups have raised $150.9 million in recent days. Partior’s $60 million Series B announcement was the largest round of the past week, signaling a solid investment in the crypto space.

According to Crypto Fundraising, the blockchain sector witnessed a significant influx of capital this week, with 22 startups raising a total of $150.9 million in various funding rounds.

You can see this week’s funding distribution in the table below:

Cryptocurrency Raising July 07-13 | Source: Cryptocurrency Raising Largest funding round: Partior, $60 million

Partior, a pioneer in this space, has raised $60 million in a Series B funding round to improve its global unified ledger-based interbank rails for real-time clearing and settlement.

Peak XV Partners led the round, with Valor Capital Group and Jump Trading Group also participating, along with existing investors JP Morgan, Standard Chartered and Temasek.

Partior, a fintech firm, aims to use the funds raised in the round to expand its international network and integrate more currencies into its platform. It currently supports the US dollar, euro, and Singapore dollar.

The company’s technology is already used by major banks such as DBS, JP Morgan and Standard Chartered to streamline payment flows.

RedStone Oracles, $15 million

RedStone Oracles has raised $15 million in a Series A round to develop its modular blockchain oracle solution.

Serial crypto VC funder Arrington Capital led the round, which saw contributions from Spartan, IOSG Ventures, and other notable investors.

Founded in 2021 during the Arweave incubation program, RedStone has rapidly gained momentum and has now reached over 100 customers and a valuation of $4 billion.

The company’s Oracle products aim to reduce gas fees for decentralized applications on the Ethereum Virtual Machine (EVM) and aggregation-as-a-service (RaaS) networks.

SendBlocks, $8.2 million

Another big winner of this week’s crypto VC investments was Israeli startup SendBlocks, which specializes in blockchain data management.

The company raised $8.2 million in seed funding led by Castle Island Ventures, with participation from other VCs including Pitango, Illuminate Financial, Laser Digital, and Starkware.

SendBlocks’ platform enables blockchain businesses to identify critical data and leverages its technology to extract valuable insights from the blockchain.

Other notable fundraisers

Tabi (formerly Treasureland): Raised $16.1 million in a public sale round. Tabi is a decentralized marketplace for NFTs that includes a trading, launchpad, and gaming platform.

The company stated in a post on X on June 14 that it had raised exactly $5 million in the first hour of the public token sale.

Tabi Token Public Sale Officially Ended

🟧 1,500 ETH ($5 million) collected in the first hour
🟧 A total of 4,576 ETH ($16.08 million) was raised

We couldn’t do this without the support of each and every one of you. Thanks to our vibrant community!

But our work is not finished yet. picture.twitter.com/eIm7tYS24U

— 𝗧𝗮𝗯𝗶 🎮 (@Tabichain) June 14, 2024

ZAP: Secured $15 million from investors including Rarestone Capital and Cypher Capital. ZAP focuses on reputation-based token distribution to reward user contributions and is expanding its protocol to other blockchains.

The project will reportedly use the funds to help solve core problems in the airdrop and launchpad space and expand its services to new locations and blockchains.

Rome Protocol: Comes out of stealth with $9 million in funding from top crypto VC firms like Hack VC and P2 Ventures

Rome Protocol aims to use Solana (SOL) as a utility network for Ethereum (ETH) layer-2 blockchains, thereby increasing efficiency without compromising user experience.