🚀TrendX Financing Daily News 04/17/2024

Provide the latest and most complete industry financing news, get first-hand news, please pay attention to TrendX financing daily!

【1】Puffer Finance

Amount: $18 million

Stages: Series A

Date: April 16

Investors: Electric Capital, Brevan Howard Digital, Coinbase Ventures, Lemniscap, GSR, Faction, Mechanism Capital, Kraken Ventures, Franklin Templeton, ConsenSys Mesh, Fidelity Investments

Category: Repledge, DeFi, LSD

Description: Puffer is a decentralized native Liquid Restaking Protocol (nLRP) built on EigenLayer. It introduces native Liquid Restaking Tokens (nLRTs) that accrue PoS and restaking rewards. Nodes within the protocol leverage Puffer’s anti-slashing technology to enjoy reduced risk and increased capital efficiency, while supercharging their rewards through native restaking. Puffer’s core mission is to maintain the “trusted neutrality” of Ethereum and enhance and maintain the decentralization of Ethereum.

Additions: Puffer Finance raised \( 5.5 M in Seed round on August 8, 2023;Puffer Finance raised \) 650 K in Pre-Seed round on June 1, 2022

Website： https://www.puffer.fi/

Twitter： https://twitter.com/puffer_finance

【2】SendingNetwork

Amount: $7.5 million

Stages: Expanded Seed Round

Date: April 16

Investors: Nomad Capital, Symbolic Capital, Galxe, Web3.com Ventures, SWC Global, Balaji Srinivasan, Gabby Dizon

Category: Social, Infrastructure

Description: Sending.Network is a high-performance, open Web3 communications protocol. Every component from message data, user ID, to social graph is decentralized. It aims to assist developers in building social decentralized applications and help the community access an encrypted decentralized group chat platform. The tools enable users to monetize their projects using smart contract payments, trading protocols, and a variety of methods such as peer-to-peer swaps, community marketplaces, crowdfunding, airdrops, gifting, auctioning, and others.

Additions: SendingNetwork raised $ 12.5 M in Seed round on February 16, 2023

Website： https://www.sending.network/

Twitter： https://twitter.com/Sending_Network

【3】Crypto Valley Exchange

Amount: $7 million

Stages: Undisclosed

Date: April 16

Investors: Fabric Ventures, FunFair Ventures, Wave Digital Assets, Kyber Capital Crypto Fund, AMDAX, Seier Capital, Five T Group, Saxon

Category: DeFi, Derivatives, Options

Description: Crypto Valley Exchange is a decentralized futures and options trading platform for cryptocurrencies and commodities that offers several advantages, including high leverage (up to 1,000x), Var-based margin calculation, and a unique collateral system.

Website： https://cvex.xyz/

Twitter： https://twitter.com/cvex_xyz

【4】Saakuru

Amount: $2.4 million

Stages: Undisclosed

Date: April 16

Investors: BasedVC, Kyber Ventures, W3GG, Rarible, OIG Investment Group, BCW Group, IBC Group, ARC Community, PG Capital, Wizard Capital, Decubate Ventures Steady Stack, Calib3r, Worlds Beyond, Uptrend Digital, Arclight Studio

Category: Infrastructure, Layer2

Description: Saakuru is a consumer-centric L2 Protocol with Zero Transaction Fees developed using OP Stack and utilizing the delegate model to eliminate gas fees for users to create a frictionless experience for any applications building on top of Saakuru and enhanced with Saakuru Developer Suite that enables embedding complex digital products to Web3 in 1 day. The powerful and developer-friendly product suite centered around the Saakuru blockchain allows cost-efficient and seamless connectivity from Web2 to Web3.

Additions: Saakuru raised $ 12.5 M in Private round on December 3, 2021

Website： https://saakuru.com/

Twitter： https://twitter.com/saakuru_labs

【5】GEODNET

Amount: $2 million

Stages: Strategic Financing

Date: April 16

Investors: Pantera Capital, CoinFund, VanEck, Santiago Roel Santos

Category: Internet of Things, DePIN

Description: The mission of GEODNET is to gather dense, real-time geospatial data from the Earth and its atmosphere using a new class of roof-mounted space weather stations. The use of blockchain will promote a robust and resilient network that delivers secure and trusted geospatial data products, used in key sectors of the economy such as agriculture, transportation, and finance, as well as in new emerging applications for autonomy, AR/VR, and the metaverse.

Additions: GEODNET raised \( 3.5 M in funding round on February 27, 2024;GEODNET raised \) 1.5 M in Private round on July 10, 2023

Website： https://geodnet.com/

Twitter：[ https://twitter.com/GEODNET\](https://twitter.com/GEODNET%5C)_

About TrendX

TrendX is an AI-driven Web3 trend tracking and intelligent trading one-stop platform, using large language model and AI technology to find market trends, and seamlessly combined with intelligent trading, committed to becoming a new generation of AI trading platform for 1 billion users to enter Web3 to check projects, find hot topics, see trends, primary investment, and secondary trading.

Website：  https://app.trendx.tech/

Twitter：  https://twitter.com/TrendX_tech