Crypto Fundraising weekly
Dates: 03 – 09, Apr 2023

This week's biggest funding round

LayerZero raised $120M in a Series B funding round from Andreessen Horowitz (a16z crypto), Circle Ventures, Sequoia Capital, OpenSea, Samsung Next, Bond Capital, Christie’s, ATRUM, Bixin Ventures, BPEA EQT, Chapter One, com2us, Franklin Templeton, Global Coin Research (GCR), GS Futures, IOBC Capital, K5 Ventures, King River Capital, Lightspeed, Maple VC, MVP Ventures, NGC Ventures, Protofund, Red Beard Ventures.

LayerZero is messaging protocol that allows for interoperability and facilitates seamless cross-chain messaging across countless blockchains. It provides the underlying infrastructure needed for decentralized applications (dApps) to live across multiple blockchains.

Pre-seed and Seed investment rounds

Yuliverse raised undisclosed amount in a Seed funding round from Lingfeng Innovation Fund (LIF)*, Animoca Ventures, Archerman Capital, TKX CAPITAL, Hummingbirds Capital, Lionrock.

Yuliverse is the mobile alternative reality metaverse app which is parallel to the real world that combines gaming and social networking. With Yuliverse, users can discover hidden gems in their city, earn rewards, and connect with others who share similar interests.

Steer Protocol raised $1.5M in a Seed funding round from Druid Ventures*, Republic Capital (ex Republic Labs), Big Brain Holdings.

Steer Protocol is a multi-chain decentralized compute protocol for off-chain execution of apps. Steer App Store is an economy of apps where anyone can create, publish, re-use and earn via apps. An app can be a simple operational task or a series of task or a complex automate liquidity management app for optimal capital efficiency.

Huddle01 raised $2.8M in a Seed funding round from Hivemind*, Superscrypt, M31 Capital, Protocol Labs, East Ventures, LongHash Ventures, Good News Ventures, Balaji Srinivasan, Stani Kulechov.

Huddle01 is a web3 video meeting platform that leverages blockchain technology to provide a fast, cost-effective, and secure communication solution for Web3 Builders, NFT communities & DAOs. Huddle01 is launching its own Video Meeting dApp, Communication Infrastructure, and is building the 1st dRTC (decentralized real-time communication) Network that will eliminate the dependency on centralized servers for real-time video communication.

Finst raised $4.4M in a Seed funding round from Sentillia*.

Finst is a Netherlands-based cryptocurrency exchange platform built by the former core team of DEGIRO and registered as a Crypto Service Provider with the Dutch Central Bank. It aims to create a level-playing field for all crypto investors by offering a unique combination of safety, transparency and the lowest fees.

M^ZERO raised $22.5M in a Seed funding round from Pantera Capital*, Road Capital, AirTree Ventures, Standard Crypto, SALT fund, ParaFi Capital, Distributed Capital Partners, Kraynos Capital, Earlybird Venture Capital, Mouro Capital.

M^ZERO is a decentralized infrastructure layer for digital asset value transfer that provides institutional participants with liquidity, transparency, composability, and governance required for sophisticated on-chain monetary transactions. It is an open architecture, next-generation DeFi platform, built on top of Ethereum, that aims to take an institutional-grade approach to DeFi with a decentralized governance model.

Franklin raised $2.9M in a Seed funding round from gumi Cryptos Capital*, CMT Digital*, Sfermion, Arca Fund, Portage Ventures, Synergis Capital.

Franklin is crypto payroll company that provides a tools to automate payroll expenses and tax filings for a selection of cryptocurrencies, across the world. It is built on the Ethereum mainnet and scaling solution Polygon. It is incubated by Serotonin, a product studio and marketing firm for transformative technologies.

ENS Vision raised $2M in a Seed funding round from 1confirmation*.

ENS.Vision allows users to discover and trade ENS (Etheruem Name Service) names across marketplaces.

Ecosapiens raised $3.5M in a Seed funding round from Collab+Currency*.

Ecosapiens is a carbon-backed digital collectible that allows users to purchase carbon credits through nature-themed NFTs to offset the environmental impact of blockchain technology.

Kryptview raised $1.5M in a Pre-seed funding round from KuCoin Ventures, GSR, Bitpanda, Serafund.

Kryptview is a community-driven research platform for digital assets that provides users with extensive search options to locate specific information on crypto tokens. Data is user-generated, peer-reviewed, and structured. Anyone contributing to the platform gets rewarded in $KVTs. It's feature The Power Search offers over 50 filtering options to make fundamental information actionable and provide clarity, transparency, and structure to available crypto data.

Nibiru raised $8.5M in a Seed funding round from Tribe Capital*, Republic Capital (ex Republic Labs)*, NGC Ventures*, Original Capital*, Hashkey Capital, SaxeCap, Beco Capital, Alves Ventures, VC3 DAO, CapitalX, Cerulean Ventures, Cogitent Ventures, Picks and Shovels (Picks & Shovels), Lecca Ventures, Imperator, Helikon, Basis Set Ventures, Broadhaven Capital Partners, Token Metrics, Acacia Digital Holdings, Cosmostation.

Nibiru is a decentralized finance (DeFi) hub, proof-of-stake blockchain and a member of a family of interconnected blockchains that comprise the Cosmos Ecosystem. It offers leveraged derivatives trading, spot trading, staking, and bonded liquidity provision across 40 blockchains. Nibiru also plans to launch its fractional-algorithmic stablecoin, NUSD, collateralized by USDC and NIBI.

Satsuma raised $5M in a Seed funding round from Initialized Capital*, Archetype*, OpenSea, Y Combinator, Homebrew, South Park Commons.

Satsuma is a blockchain indexing platform with drop-in support for hosted subgraphs that makes it easier to search and analyze data stored on a blockchain, helping developers gain deeper insights into the data such as the total value locked of a DeFi protocol. It features subgraph indexing with high reliability & low block lag, GraphQL API with high availability & low response times, advanced metrics for monitoring indexing and queries and flexible subgraph versioning system.

Astria raised $5.5M in a Seed funding round from Maven 11 Capital*, 1kx, Delphi Digital, Lemniscap, Figment, Anagram, Robot Ventures, Breed VC.

Astria is a modular blockchain that allows individuals to deploy their own censorship-resistant rollup without relying on a centralized sequencer. Astria is also developing its Astria EVM, powered by the shared sequencer network and which it plans to serve as the flagship Ethereum Virtual Machine (EVM) for modular blockchain Celestia's data availability layer.

Other investment rounds

DegenReborn raised undisclosed amount in a Strategic  funding round from Galxe (ex Project Galaxy), Project Twelve (P12), CyberConnect, Era7.

DegenReborn is a life simulation game that incorporates cryptocurrency mechanisms, allowing players to purchase tokens, upgrade skills, and power up game attributes to win. Players can customize their life trajectory in the game, which is both eventful and humorous, making it a unique and innovative gaming experience.

Safeheron raised undisclosed amount in a Series A  funding round from Hashkey Capital*, Bixin Ventures*.

Safeheron is an open-source digital asset self-custody platform that specializes in providing comprehensive self-custody solutions for institutional customers, utilizing Multi-Party Computation (MPC) and Trusted Execution Environment (TEE) technology. Its solutions enable customers to have complete control over their private keys and assets while enhancing security and efficiency.

Lore (ex Prysm) raised $4M in a Strategic  funding round from Multicoin Capital*, Seed Club Ventures, North Island Ventures, Zeneca, Mischief Fund, Sfermion, CMT Digital, Spice Capital, Sublime Ventures, Balaji Srinivasan.

Lore is a co-ownership platform and protocol that makes it easy for Web3 collectives such as creator communities and game guilds to co-own non-fungible tokens (NFTs) by providing a range of ownership and utility options, including pooling resources, issuing ownership stakes to members, and distributing funds with automated administration settings. Lore also functions as a social network, allowing new members to easily connect with collectives.

RACA (ex Radio Caca) raised $16M in a Strategic  funding round from DWF Labs*.

RACA is a metaverse platform for game studios, governed by a community-driven decentralized autonomous organization (DAO). RACA’s products include Metamon, a play-to-earn blockchain-based game on BNB Chain where players get to control and collect super adorable Metamon; United States of Mars (USM) Metaverse, comprised parcels for free purchase and ownership, rich in characteristics to be explored; social party game Looki Looki Jazzi, cross-game DID wallet JAZ; and RACA NFT Marketplace, where users can purchase or sell USM Metaverse land, Metamon and other RACA branded NFT assets.

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

TopGoal is a sports metaverse and GameFi platform that offers a state-of-the-art 3D football manager game called TopManager, where players can use digital football star card assets to build their own teams and earn rewards in $GOAL tokens. TopGoal is set to launch Football Meta Club and Footballcraft, a virtual football world with advanced football AI and Web3 technologies that allows fans and players to connect and participate in virtual football tournaments and championships.

Bitget raised $10M in a Strategic  funding round from Dragonfly Capital*.

Bitget is a cryptocurrency exchange and digital asset trading platform that offers both spot and contracts trading.

PolyHedra raised $15M in a Series A  funding round from Polychain Capital*, ABCDE Capital, Sparkle Ventures, Hashkey Capital, Foresight Ventures, KuCoin Ventures, NGC Ventures, Arcane Group.

PolyHedra is an infrastructure for Web3 Interoperability with cutting-edge zero-knowledge proof systems. It has developed several infrastructure offerings: ZK bridge (zkBridge) solution to send assets between web2 and web3 systems; a ZK decentralized identity solution (zkDID), a scalability solution, using a large-scale distributed proof generation network called ParaPlonk, to accelerate ZK rollups; design space for Web3 through highly scalable middlewares including ZK-NFT containers.

Alchemy Pay raised $10M in a  funding round from DWF Labs*.

Alchemy Pay is a payment solutions provider that connects fiat and crypto economies for global consumers, merchants, developers, and institutions. It provides businesses with real-world crypto acceptance and provides users mainstream-friendly access to crypto and web3 services. It provides two methods of integration: Page mode and Initiate API mode.

Halo Wallet (ex KuCoin Wallet) raised undisclosed amount in a  funding round from KuCoin Ventures, IDG Capital, Hashkey Capital.

Halo Wallet is a secure and user-friendly cryptocurrency wallet that allows users to manage their assets and gain insights into investment opportunities through social media on the Web3 platform. The wallet supports multi-chain aggregation and has leading security technology, allowing users to have full control over their assets. The wallet also plans to integrate various social media protocols and gradually transition governance rights to the community using a DAO model.

* fund, that lead investment round