Crypto Fundraising weekly
Dates: 01 – 07, May 2023

This week's biggest funding round

Fedi raised $17M in a Series A funding round from Ego Death Capital*, TBD, Kingsway Capital, Trammell Venture Partners, Timechain.

Fedi aims to be the world's first federated operating system, to empower individuals to collaborate through "federations" to take control of their money, data, and digital lives while protecting privacy and autonomy. It provides a secure and simple way for people who don't have access to or don't trust centralized alternatives to secure and use their data and money.

Pre-seed and Seed investment rounds

Vibe raised $4M in a Seed funding round from Alchemy Ventures, Aglaé Ventures, Psy P Nation.

Vibe is a non-fungible token (NFT)-to-product platform allows creatives to turn NFTs into applications and products with features such as loyalty points, ticketing, and physical redemptions, bridging NFTs to any chain.

Portals.fi raised $2M in a Seed funding round from Poolside, LongHash Ventures, Mechanism Capital, Daedalus, Basement Labs, 0xMaki.

Portals is a yield and protocol aggregator for transaction bundling and any-to-any swaps in DeFi. It allows users to create and bundle complex actions into a single transaction easily and has a robust API available for developers to create experiences around the Portals ecosystem.

Cetus raised undisclosed amount in a Seed funding round from OKX Ventures (ex OKEx Blockdream Ventures)*, KuCoin Ventures*, Comma3 Ventures, NGC Ventures, Jump Crypto, Animoca Ventures, IDG Capital, Leland Ventures, AC Capital, Adaverse, Coin98 Ventures.

Cetus is a decentralized exchange (DEX) and concentrated liquidity protocol designed to provide users with a flexible and powerful underlying liquidity network. It is built on the Sui and Aptos blockchain, allowing for permissionless access to its protocols and programmable trading strategies, as well as easy integration with other applications through its emphasis on composability. Cetus also uses a double-token model fueled by CETUS and xCETUS to incentivize active participants and ensure a sustainable token economy.

Nolus raised $2.5M in a Pre-seed funding round from DoraHacks, Everstake, Cogitent Ventures, Token Metrics, Autonomy Capital, Strangelove Ventures, Black Dragon, W3Coins, 01node, Hydra, AW3 Labs, P-OPS Team, Staking Cabin.

Nolus is a Web3 financial suite built on Cosmos that offers an innovative approach to money markets through its DeFi Lease solution. The Nolus DeFi Lease provides up to 150% financing on the initial investment with lower margin call risk and access to the underlying leveraged assets, while reducing over-collateralization requirements, improving capital efficiency, and enabling favorable lending options for users. The protocol is designed for interoperability, security, and performance and aims to empower mainstream adoption by merging the boundaries between traditional finance and DeFi.

FARE Protocol raised $6.2M in a Seed funding round from C² Ventures*, Goat Capital*, 6th Man Ventures (6MV), Republic Crypto, Arrington Capital, Eniac Ventures, Spark Digital Capital, Morningstar Ventures, Quantstamp, DWeb3 Capital.

FARE Protocol is a cryptocurrency ecosystem that operates on probability smart contracts triggered by transparent on-chain events. The protocol utilizes randomized minting and burning of tokens with a higher probability of losing or burning, similar to a casino. However, instead of profits going to a centralized entity, collected tokens are distributed to the ecosystem.

Entendre Finance raised $4M in a Seed funding round from Basis Set Ventures*, Valhalla Capital, Caffeinated Capital, MoonPay, Alumni Ventures (AVG).

Entendre is a AI-powered fully-automated end-to-end accounting and bookkeeping solution designed for businesses operating in the Web3 space. The platform automates the double-entry accounting of every blockchain transaction to increase financial transparency and provide a fully-featured accounting and bookkeeping solution that scales as businesses grow.

Other investment rounds

MARS4 raised undisclosed amount in a Strategic  funding round from DWF Labs*.

MARS4 is an interactive 3D Metaverse built on the concept of owning and cultivating virtual land plots represented by unique NFTs. Using NASA's Mars data, MARS4 creates a geographically-exact 3D map of Mars, allowing users to explore, colonize, and interact with the virtual planet. Through gameplay and transactions using MARS4 tokens, users can earn passive income and participate in the emerging Mars economy.

OpenTrade raised $1.5M in a  funding round from SINO Global Capital*, Circle Ventures, Kronos Research, Kyber Ventures, Polygon Ventures, Outlier Ventures.

OpenTrade is a decentralized finance (DeFi) protocol platform that provides on-chain structured financial products for Web3 treasuries and businesses. It allows users to deposit stablecoins into liquidity pools and receive an ERC-20 token representing a pro rata claim on the net asset value of the pool and its underlying assets. The company's initial products include liquidity pools for U.S. Treasury bills, investment-grade commercial paper, and investment-grade supply chain financing.

ZkLink raised $10M in a Strategic  funding round from Coinbase Ventures, Ascensive Assets, SIG DTI (a Susquehanna International Group Company), Big Brain Holdings, Efficient Frontier, C² Ventures, Cypher Capital, Inazuma Capital, Smrti Lab, Global Coin Research (GCR).

zkLink is a decentralized multi-chain trading infrastructure that provides a seamless and secure trading experience across different blockchains. Powered by zk-SNARKS, zkLink offers a unified liquidity pool that allows developers and traders to leverage assets and liquidity from various chains while ensuring the security of funds through zero-knowledge proofs. Additionally, zkLink offers API-driven solutions for creating order book DEXs, NFT marketplaces, and other decentralized applications.

AlienSwap raised $12M in a Strategic  funding round from NEXT Leader Capital*, C² Ventures*, OKX Ventures (ex OKEx Blockdream Ventures), Araceae Capital, BIP32 Venture, Ankr Network, Kryptos, Eureka Trading, Mission Street Ventures, ARPA Official, Tranching Protocol.

AlienSwap is a decentralized NFT marketplace that provides innovative liquidity tools, trading products, and infrastructure to enhance the NFT trading experience for users.

MovEX raised undisclosed amount in a Strategic  funding round from Mysten Labs*.

MovEX is a decentralized exchange (DEX) and liquidity provision service that offers a hybrid model of an Automated Market Maker (AMM) and an order book to enhance capital efficiency and market-making returns for users and project developers on the Sui eco-system. MovEX provides an Intelligent Liquidity Allocation service that automatically adjusts liquidity and an Initial Liquidity Offering (ILO) service for developers to maximize raised funds with customizable token launch options.

Tangem raised $8M in a  funding round from Shima Capital*.

Tangem is a leading provider of secure hardware wallet solutions for digital assets. Their products are designed for security, ease of use, and flexibility. They also provide expertise to institutions in the fintech sector and work with multiple central banks worldwide.

* fund, that lead investment round