{"id":231026,"date":"2024-09-14T18:52:13","date_gmt":"2024-09-14T18:52:13","guid":{"rendered":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/09\/14\/huma-finance-raises-38m-fuse-gets-12m\/"},"modified":"2024-09-14T18:52:13","modified_gmt":"2024-09-14T18:52:13","slug":"huma-finance-raises-38m-fuse-gets-12m","status":"publish","type":"post","link":"https:\/\/newhampshiredigitalnews.com\/index.php\/2024\/09\/14\/huma-finance-raises-38m-fuse-gets-12m\/","title":{"rendered":"Huma Finance raises $38m, Fuse gets $12m"},"content":{"rendered":"<p> <br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/crypto.news\/app\/uploads\/2024\/08\/crypto-news-ONLY-Crypto-VC-roundup-option04.webp\" \/><\/p>\n<div>\n<p class=\"is-style-lead\">At least 19 startups raised venture capital funds over the past seven days, with the largest round going to Huma Finance, a tokenized real-world assets platform.<\/p>\n<p>Huma <a href=\"https:\/\/blog.huma.finance\/huma-raises-38m-to-hyper-scale-its-payfi-network\" target=\"_blank\" rel=\"noopener\">announced<\/a> on Sept. 11 that it received $38 million in a fund-raising effort led by Distributed Global. Hashkey Capital, the Stellar Foundation, Folius Ventures, and Turkish private bank \u0130\u015fbank also participated.<\/p>\n<p>The company plans to use the $10 million in equity financing and $28 million via yield-bearing RWAs to expand its PayFi network globally. It also plans to go live on Solana (<a rel=\"\" href=\"https:\/\/crypto.news\/price\/solana\/\">SOL<\/a>) and Stellar (<a rel=\"\" href=\"https:\/\/crypto.news\/price\/stellar\/\">XLM<\/a>)\u2019s smart contracts network in coming months.<\/p>\n<p>This week\u2019s crypto VC funding column pulls the latest announcements from X.com as well as fundraising tracker, <a href=\"https:\/\/crypto-fundraising.info\/deal-flow\/?start_date=2024-09-08&amp;end_date=2024-09-14\" target=\"_blank\" rel=\"noopener\">Crypto Fundraising<\/a>. Here\u2019s what was announced between Sept. 8 and Sept. 14:<\/p>\n<h3 class=\"wp-block-heading\">Fuse (Project Zero), $12 million<\/h3>\n<p>Fuse, a London-based decentralized renewable energy developer, secured $12 million in a funding round led by Multicoin Capital.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re thrilled to announce a $12M strategic round led by <a href=\"https:\/\/twitter.com\/multicoincap?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@multicoincap<\/a> alongside <a href=\"https:\/\/twitter.com\/aeyakovenko?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@aeyakovenko<\/a> &amp; others to build <a href=\"https:\/\/twitter.com\/projectzero2050?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@projectzero2050<\/a>, a decentralised renewable energy network. Project Zero aims to accelerate global renewable energy adoption by rewarding network contributors for\u2026<\/p>\n<p>\u2014 Fuse (@FuseEnergyHQ) <a href=\"https:\/\/twitter.com\/FuseEnergyHQ\/status\/1834291831548645440?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 12, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h3 class=\"wp-block-heading\">PIN AI, $10 million<\/h3>\n<p>PIN AI, an AI infrastructure company, confirmed $10 million in pre-seed funding. The startup aims to develop the world\u2019s first open-source Personal Intelligence Network (PIN). <\/p>\n<p>The list of backers includes: A16z CSX, Hack VC, Blockchain Builders Fund (Stanford Blockchain Accelerator), NEAR Protocol founder Illia Polosukhin, SOL Foundation president Lily Liu, Symbolic Capital, Mysten CEO Evan Cheng, dcbuilder (Worldcoin Foundation), Foresight Ventures, Nomad Capital, Cresta co-founder Tim Shi, Espresso CEO Ben Fisch, Gitcoin co-founder Scott Moore, Alumni Ventures, and Dispersion Capital.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are excited to announce that PIN AI has raised $10M in pre-seed funding to launch the world&#8217;s first Open Platform for Personal AI.<\/p>\n<p>PIN AI converges AI and Crypto in meaningful ways, offering a privacy-focused, on-device AI assistant that democratizes on-device intelligence\u2026 <a rel=\"noopener\" href=\"https:\/\/t.co\/zaqgizisKc\" target=\"_blank\">pic.twitter.com\/zaqgizisKc<\/a><\/p>\n<p>\u2014 PIN AI (@PINAI_IO) <a href=\"https:\/\/twitter.com\/PINAI_IO\/status\/1833176031714541651?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">September 9, 2024<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h3 class=\"wp-block-heading\">DRiP, $8 million<\/h3>\n<p>Drip Labs, the startup behind Solana-based creator platform DRiP, collected $8 million in seed funding on Sept. 9. NFX led the effort. Coinbase Ventures and Progression also drew participated.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<h3 class=\"wp-block-heading\">Nytro Lab (Castile) CAST, $8 million<\/h3>\n<p>Hong Kong-based developer Nytro Lab nabbed $8 million in funds. Proceeds will likely go toward Nytro Lab\u2019s inaugural blockchain game, Castile, which entered beta testing on Sept. 10.<\/p>\n<p>SevenX and OKX Ventures led the round. Aptos Labs participated alongside Amber Group, HashKey and Leland Ventures. Matr1x, a co-publisher of Castile, is also backing Nytro Lab. <\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<h3 class=\"wp-block-heading\">Infinit, $6 million<\/h3>\n<p>The Block <a href=\"https:\/\/www.theblock.co\/post\/315811\/defi-abstraction-platform-infinit-raises-6-million-from-investors-including-electric-capital-arthur-hayes-maelstrom?utm_source=twitter&amp;utm_medium=social\" target=\"_blank\" rel=\"noopener\">reported<\/a> that Infinit raised $6 million in a funding round. Electric Capital, Mirana Ventures, Hashed, and Arthur Hayes\u2019 family office, Maelstrom, took part in the effort.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<h3 class=\"wp-block-heading\">Moku, $5.35 million<\/h3>\n<p>Moku raised $5.35 million. Sky Mavis and A16Z GAMES led the round with participation from a long list of backers, including Contango Digital Assets, Arca, Framework Ventures, Bankless Ventures, DRW\u2019s Richard Dai, Flori Ventures\u2019 Holly Liu, 32-Bit Ventures and Phantom\u2019s Jason Lee.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<h3 class=\"wp-block-heading\">Rounds &lt; $5 million<\/h3>\n<ul class=\"wp-block-list\">\n<li><strong>Blocksense Network<\/strong>: $4 million in seed round funding led by Permutation<\/li>\n<li><strong>Syrupal Protocol<\/strong>: $3.75 million seed round; valuation now $25 million<\/li>\n<li><strong>Fountain Platform<\/strong>: $3.5 million in financing; Its backers include Foundation Capital, Caladan, Primal Capital, Druid Ventures, MHC, United Overseas Bank, NGC Ventures, Marin Ventures and Blockchain Founders Fund.V<\/li>\n<li><strong>Wingbits<\/strong>: Stockholm-based protocol raised $3.5 million from Borderless Capital and Tribe Capital, alongside Antler and angel investors.<\/li>\n<li><strong>Titan<\/strong>: The fundraise totaled $3.5 million and was led by Round13 Digital Asset Fund; RN Financial Corp also participated.<\/li>\n<li><strong>T1 Protocol<\/strong>: The Ethereum scaling solution T1 Protocol has successfully raised $2.5 million in a pre-seed funding round. Investors include A16z, Espresso, Frax, Cow Swap, ETH Global, ENSO, Injective and Titan. <\/li>\n<li><strong>Hyperbridge Protocol<\/strong>: The Web3 Foundation teamed up with Scytale Digital to lead a $2.5 million seed funding round for Hyperbridge.<\/li>\n<li><strong>Ammalgam<\/strong>: The decentralized lending exchange closed a $2.5 million seed round co-led by Faction VC and Framework Ventures. Robot Ventures, Bodhi Ventures, NGC Ventures, Dewhales and Blockchain Founders Fund also participated.<\/li>\n<li><strong>Orange Cap Games (Vibes)<\/strong>: The $2 million pre-seed angel round will allow Orange Cap to bring IP to life through its upcoming trading card game Vibes featuring Pudgy Penguins. <\/li>\n<li><strong>GasHawk<\/strong>: The startup raised $1.6 million in a pre-seed funding round from 3SE Holdings, AVID3, Artemis Capital, Appworks, Redbeard Ventures, Alchemy, and several angel investors.<\/li>\n<li><strong>Universal Health Token<\/strong>: Animoca, Polygon, and Tezos supported the $1.2 million pre-seed funding round for UHT. <\/li>\n<li><strong>Carrot CRT<\/strong>: The startup, whose mission is to \u201csimplify earning top yields across Solana\u2019s DeFi ecosystem,\u201d <a rel=\"noopener\" href=\"https:\/\/x.com\/DeFiCarrot\/status\/1833872249792717075\" target=\"_blank\">collected<\/a> $600,000 in a pre-seed funding round. <\/li>\n<\/ul>\n<p>For last week\u2019s column, <a rel=\"\" href=\"https:\/\/crypto.news\/crypto-vc-funding-balance-brings-in-30m-hypernative-collects-16m\/\">click here<\/a>.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/crypto.news\/crypto-vc-funding-huma-financial-38m-fuse-gets-12m\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At least 19 startups raised venture capital funds over the past seven days, with the largest round going to Huma Finance, a tokenized real-world assets<\/p>\n","protected":false},"author":1,"featured_media":231027,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[163],"tags":[],"class_list":["post-231026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/231026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=231026"}],"version-history":[{"count":0,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/231026\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/231027"}],"wp:attachment":[{"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=231026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=231026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newhampshiredigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=231026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}