Bridge coffer totals $58m, Edge Matrix Chain raises $20m
Bridge, a global stablecoin payment network, has raised $58 million in funding. Edge Matrix Chain, which specializes in multi-chain artificial intelligence infrastructure, collected $20 million in a round led by Amber Group and Polygon Venture
Bridge, $58 million
Bridge, a global stablecoin payment network, has raised $58 million in funding thus far, including $40 million in fresh capital. Sequoia, Ribbit and Index are among its backers, according to Fortune, which broke the story. The startup, co-founded by former Square and Coinbase executives Zach Abrams and Sean Yu, now counts Coinbase among its customers — the other being SpaceX.
Edge Matrix Chain, $20 million
Edge Matrix Chain, which specializes in multi-chain artificial intelligence infrastructure, collected $20 million in a round led by Amber Group and Polygon Venture. One Comma, Kapley Judge and Associated Corporations, Cyberrock Venture Fund, Candaq Fintech Group, Hameem Raees Chowdhury also joined the effort. Edge Matrix hopes to put the funds toward a Layer 1 blockchain and, ultimately, introduce a new DeFi asset class backed by tokenized real-world GPU resources.
Space and Time, $20 million
Space and Time, or SxT, nabbed $20 million in a Series A round that included Cypher Capital, Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital. The startup — offering index data for Bitcoin (BTC), Ethereum (ETH) and Polygon (MATIC) ecosystems — raised $50 million in total. Other backers include Microsoft’s M12 Ventures, DCG, F-Prime Capital, OKX Ventures, Circle Ventures and Alumni Ventures, Fortune reported.
Solayer, $12 million
Solayer Labs clinched $12 million in seed funding. Polychain Capital led the round; Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE, and Maelstrom also participated. The startup is developing a Solana (SOL) restaking protocol.
Gameplay Galaxy, $11.17 million
Gameplay Galaxy, a web3 video game studio, amassed $11.17 million as part of a seed extension round. Blockchain Capital and Merit Circle co-led the round; Several anonymous investors also took part.
Myco io, $10 million
UAE-based Web3 streaming platform, Myco, completed the first closing of its Series A funding round, which included a $10-million sum. Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners, Mix Media Network, Factor6 Capital Partners, and Enjinstarter joined the campaign along with 88 accredited investors via Republic.com.
Double Jump Tokyo, $10 million
SBI Investment led a $10-million Series D funding round for Japanese web3 game maker Double Jump.Tokyo, a developer of blockchain games and infrastructures. Sony Group, Taisu Ventures, Gate Ventures, TM Capital and Bing Ventures also participated.
