🚀veDAO Financing Daily News 05/17/2023

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Amount: $5 million

Stages: Undisclosed

Date: May 15

Investors: Tectona

Category: Crypto Education

Description: CryptoHub is the gateway to the blockchain economy, provide crypto education, helping both newbies and old members of the crypto community make sound trading and investment decisions. Since we are on a mission to drive bitcoin and blockchain adoption, we use crypto education as a tool to help individuals and organizations shape and simplify the adoption of this disruptive technology—and create wealth with it. We are leading the next technological revolution by providing bitcoin and blockchain education, investment guidance, market research and analysis, and trading signals.

Website: https://www.cryptohub.club/

Twitter: https://twitter.com/DeCryptHub


Amount: $3 million

Stages: Private placement round

Date: May 16

Investors: Undisclosed

Category: Artificial Intelligence

Description: AiONE is a comprehensive platform that unifies AI components, that streamlines the incorporation of AI capabilities into businesses and developers' everyday workflows by supplying the necessary infrastructure. AiONE assists businesses in developing innovative products and services based on artificial intelligence. The platform allows developers to create and train custom AI models suited to their business needs while also providing pre- built AI models for various functions, such as image recognition, natural language processing, and predictive analytics.

Additions: $1 million in seed round funding completed on April 15th, 2023

Website: https://ai.one/

Twitter: https://twitter.com/aionelab


Amount: €4 million

Stages: Seed round

Date: May 16

Investors: Stride.VC, Axwell, Swedish House Mafia

Category: NFT, Creator economy

Description: Anotherblock is a Web3 platform that lets fans invest in music by buying NFTs.

Additions: $2.5 million in funding closed on June 9th, 2022

Website: https://anotherblock.io/

Twitter: https://twitter.com/anotherblock_io


Amount: Undisclosed

Stages: Undisclosed

Date: May 16

Investors: Mask Network

Category: Infrastructure, Layer1

Description: TON(The Open Network) is a fully decentralized layer-1 blockchain designed by Telegram. It boasts ultra-fast transactions, tiny fees, easy-to-use apps, and is environmentally friendly.

Website: https://ton.org/

Twitter: https://twitter.com/ton_blockchain

【5】Asymmetry Finance

Amount: $3 million

Stages: Seed round

Date: May 16

Investors: Ecco Capital, Republic Capital, gmjp, Ankr

Category: DeFi, LSD

Description: Asymmetry Finance protocol is a comprehensive solution to address the issue of centralization within the staked Ether market. By implementing this protocol, users will be incentivized with an efficient yield generation model, resulting in market-leading returns. Risk is effectively mitigated through the diversification features inherent in the Asymmetry Ethereum Products (afETH & safETH). These Liquid Staked Token (LST) Ethereum Index products have been meticulously designed to ensure a more equitable distribution of the Total Value Locked (TVL) among LST providers.

Website: https://www.asymmetry.finance/

Twitter: https://twitter.com/asymmetryfin

【6】River Financial

Amount: $35 million

Stages: Series B

Date: May 16

Investors: Kingsway Capital, Peter Thiel, M13, Valor Equity Partners, Goldcrest Capital, Cygni Capital, Esas Ventures, Alarko Ventures

Category: CeFi, CEX

Description: River Financial is a financial institution specializing in Bitcoin financial services that allows them to manage their Bitcoin brokerage and Bitcoin mining accounts all in one place. River Financial's flagship product, a Bitcoin brokerage, provides sophisticated retail investors with a platform to buy and sell Bitcoin. River Mining allows clients to put their capital to work to mine their own Bitcoin.

Additions: $12 million in Series A funding closed on March 11, 2021; $5.7 million in seed round funding closed on June 18, 2020

Website: https://river.com/

Twitter: https://twitter.com/River


Amount: $30 million

Stages: Series A

Date: May 16

Investors: Jamie McAvity, Nav Sooch, Alessandro Piovaccari

Category: Mining

Description: Cormint is a Bitcoin miner focused on mining low-cost Bitcoin at scale while supporting a reliable and renewable power grid.

Website: https://cormint.com/

LinkedIn: https://www.linkedin.com/company/cormint-inc


Amount: $81 million

Stages: Series A

Date: May 16

Investors: Celesta Capital, Mayfield, Marathon Digital, Cota Capital, DCVC, Stanford University

Category: Infrastructure

Description: Auradine is working on breakthrough scalability, sustainability and security solutions for the future of internet infrastructure, enabled by revolutionary blockchain, security, zero-knowledge and AI technologies.

Website: https://auradine.com/

Twitter: https://twitter.com/Auradine_Inc

About veDAO

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