Web3-based startups raised over $1.1 billion from venture capitalists across 118 deals in July. This article highlights significant investments, emerging trends, and notable startups in the Web3 ecosystem.
Points
- Web3 startups raised over $1.1 billion in July.
- Thunder Funder launched for regulated crowdfunding up to $5 million annually.
- Pichi Finance secured $2.5 million for points trading protocol.
- Sybill raised $11 million for AI-sales assistant platform.
- Hyperbolic and Raad Labs received significant funding for AI and climate tech.
Web3-based startups secured more than $1.1 billion in funding from venture capitalists across 118 deals in July, according to data from Rootdata. As liquidity in the market increases and investor confidence grows, new methods of raising capital continue to emerge.
Thunder Funder: A New Crowdfunding Portal
Lightning Ventures announced the regulated crowdfunding portal Thunder Funder, allowing eligible companies to offer and sell securities through crowdfunding up to $5 million annually. Thunder Funder’s parent company, LTNG Ventures Inc., closed a $500,000 pre-seed funding round to support this initiative, initially focusing on open-source and Bitcoin-related projects.
Pichi Finance Raises $2.5M for Points Trading
Pichi Finance completed a $2.5 million seed funding round led by UOB Venture Management, Signum Capital, and Mantle Network. The startup offers a trustless points trading protocol, enabling users to trade points earned from various protocols without requiring collateral. This model uses the ERC-6551 token standard to create Michi Wallet NFTs for trading
points along with accrued non-fungible tokens （NFTs）. Other investors include DWF Ventures, Wise3 Ventures, and Genesis Block Ventures.
Cointelegraph
Sybill Secures $11M for AI-Sales Assistant
Sybill, an AI-driven sales assistant platform, raised $11 million in Series A funding. The round was led by Greycroft, with participation from Neotribe Ventures, Powerhouse Ventures, and Uncorrelated Ventures. The funding will be used to scale Sybill’s platform, which automates tasks such as call summarization, CRM updates, and email drafting for sales representatives. Since its launch in 2022, Sybill has seen its revenue grow 15-fold.
Hyperbolic Receives $7M Seed Funding for AI Cloud Platform
Open-access AI computing platform Hyperbolic secured $7 million in seed funding, led by Polychain Capital and Lightspeed Faction. This funding will support the development of Hyperbolic’s AI cloud platform, which aggregates global GPU resources with verifiable access through blockchain technology. The platform aims to offer AI model access at a fraction of traditional costs.
Raad Labs Closes $2.25M for Climate Tech
Raad Labs, a blockchain climate tech company, announced a $2.25 million funding round led by CoinFund, with participation from Tribe, EV3, and Protagonist. Raad Labs optimizes climate data measurement and forecasting through a decentralized network of sensors. The company’s technology is used for monitoring weather patterns, greenhouse gas emissions, wildfire risk, and soil degradation.
OKX Ventures Invests in zkLink
OKX Ventures invested an undisclosed amount in zkLink, a developer of zero-knowledge （ZK） infrastructure solutions focused on scaling and unifying assets across Ethereum and layer-2 rollups. zkLink’s aggregated layer-3 zkEVM network, zkLink Nova, addresses liquidity fragmentation with transactions on a single L3 platform via zk-Proofs.
解説
- The significant funding secured by Web3 startups in July highlights the growing investor confidence and liquidity in the market.
- Thunder Funder’s launch introduces a regulated crowdfunding approach, expanding capital-raising opportunities for eligible companies.
- Pichi Finance’s innovative points trading protocol leverages NFTs to enable trustless transactions without collateral, reflecting advancements in decentralized finance （DeFi）.
- Sybill’s AI-sales assistant platform addresses efficiency in sales operations, showcasing the integration of AI in enhancing business processes.
- Hyperbolic’s AI cloud platform aims to democratize access to AI models, emphasizing the role of blockchain in providing cost-effective solutions.
- Raad Labs’ focus on climate tech through blockchain demonstrates the application of decentralized technology in addressing environmental challenges.
- OKX Ventures’ investment in zkLink underscores the importance of ZK infrastructure solutions in improving scalability and liquidity in the Ethereum ecosystem.