Helio, a payment platform, acquired by MoonPay for $175M, 1Money Network, an L1 dedicated to stable coin payments, raises $20M, and all 28 other PJs

28 Funding PJs from 1/11~17 Good morning.Mitsui from web3 researcher. Today's edition of "Fundraising PJs for the week ahead.

Payment platform Helio was acquired by MoonPay for $175 million, while L1 1Money Network, designed for stable coin payments, raised $20 million. A total of 28 PJs raised funds during the week of January 11-17.

Here's a summary of the fundraising PJs for the week:

Top 5 projects in terms of proceeds

1. Helio

Overview: A payment platform designed for the web3 economy. Merchants, dApps, and creators can accept low-cost decentralized cryptocurrency payments on Solana, Ethereum, and Polygon without the need for intermediaries.

Category: Payment

Procurement: $175M

Investment Round: M&A

Investor: MoonPay

2. Phantom

Overview: A cryptocurrency wallet that allows you to securely and easily store, buy, send, receive and exchange tokens on the blockchain and collect NFTs.

Category: Wallet

Procurement amount: $150M

Investment Round: Series C

Investors: ★Sequoia Capital, ★Paradigm, a16z crypto, Variant Fund.

3. Alterya

Overview: Provides wallet threat intelligence to help financial institutions, fintechs, and crypto service providers prevent authorization push payment (APP) fraud. Bridges on- and off-chain signals by detecting fraud targeting legitimate users, reducing the incidence of fraud and disputes, increasing trust, and mitigating reputational risk.

Category: Security

Procurement amount: $150M

Investment Round: M&A

Investor: Chainalysis

4. 1Money Network

Overview: An L1 blockchain dedicated to stable coin payments, aiming to create a decentralized, scalable, and low-cost payment network. It uses a unique consensus mechanism called "Proof of Payment" (PoP) to prioritize stable coin transactions.

Category: L1

Procurement amount: $20M

Investment Round: Seed Round

Investors: Dragonfly Capital, Electric Capital, Hypersphere, Scalar Capital, Variant Fund, Coinbase Ventures, Circle Ventures, FTX Ventures, and StableNode.

5. Blockdaemon

Overview: A blockchain infrastructure platform that provides a range of services, including node management, staking, and governance participation, to support institutional clients in deploying and managing blockchain nodes.

Category: Infrastructure

Procurement amount: $170M

Investment Round: Series C

Investors: Tiger Global, Altimeter Capital, Dragoneer Investment Group, True Wind Capital, Matrix Capital Management, Digital Currency Group, Seven Seven Six, and Illuminate Financial.