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Crypto Fundraising weekly
Dates: 08 – 14, May 2023

Summary

During this week 18 blockchain startups has raised $71.9M in funding:

  • Unknown round: 10 startups $47.6M
  • Seed round: 7 startups $23.7M
  • Pre-seed round:   (1 startup) $600K
0
$15.9M
$31.7M
$47.6M

Investments by ecosystem

This week's biggest funding round

Blockworks raised $12M in a funding round from 10T Holdings*, Framework Ventures, Santiago Santos.

Blockworks is a prominent financial media brand that offers essential news, analysis, and insights on digital assets to investors. Through their editorial content, newsletters, podcasts, and events like the Digital Asset Summit (DAS), they provide valuable information and analysis to help investors make informed decisions in the cryptocurrency space. They also offer a subscription service for in-depth crypto research.

Pre-seed and Seed investment rounds

Polynomial raised undisclosed amount in a Seed funding round from Road Capital, Caballeros Capital, Archetype, Taureon, Kain Warwick.

Polynomial is a decentralized derivative trading exchange powered by the Synthetix protocol on Optimism, providing users with a faster and more efficient UI, lower fees, and leverage trading up to 25x. With products like Polynomial Trade, Polynomial Earn, and Polynomial Swap, Polynomial aims to make DeFi more accessible and offers innovative features such as on-chain options vaults and simplified swapping of synthetic assets.

Smilee raised $2M in a Seed funding round from Dialectic*, Synergis Capital, Concave Ventures, Owl Ventures, Yunt Capital, Dewhales Capital, Outlier Ventures, New Order, Multisig Ventures, GTS Ventures.

Smilee is an open-source protocol that enables volatility-based products and strategies. By modeling liquidity providers as options sellers, it transforms Impermanent Loss (IL) into a portfolio of options, allowing the creation of various volatility-based payoffs. As the first primitive for volatility, Smilee empowers the development of Decentralized Volatility Products (DVPs) and facilitates on-chain derivative solutions, providing opportunities for new financial instruments and hedging risks.

Mintstars raised $600K in a Pre-seed funding round from Polygon Ventures*, SpankChain*.

MintStars is a London-based world's first sex-positive NFT subscription platform. It empowers creators, models, and their fans by providing a more inclusive alternative with lower fees, allowing creators to monetize their content through subscriptions and marketplace sales. Fans can collect and resell exclusive content, earning royalties for the original creator.

Pudgy Penguins raised $9M in a Seed funding round from 1kx*, Big Brain Holdings, Kronos Research, Old Fashion Research (OFR), CRIT Ventures.

Pudgy Penguins is a collection of 8,888 unique NFTs stored on the Ethereum blockchain, accelerating Web3 innovation through IP utilization and community empowerment. Pudgy Penguins offers enjoyable products, experiences, and content, and holders of the NFTs gain access to exclusive experiences, events, IP licensing opportunities, and more.

Blocktorch raised $4.2M in a Seed funding round from IDEO CoLab Ventures*, Speedinvest, RockawayX, Alchemy Ventures, Remote First Capital, Entrepreneur First.

Blocktorch is an end-to-end observability platform for web3 applications, providing real-time monitoring, troubleshooting, and optimization. It offers features like event monitoring, alerting, log analysis, and customizable dashboards to empower engineering teams and ensure high-quality dApps. With scalable data collection, storage, and a query engine, Blocktorch enables data-driven decisions without writing code.

Siphon Lab raised $1.2M in a Seed funding round from Kima Ventures*, Waveline Capital, BT Growth Capital (BTG), Uno Ventures, Quidnet Ventures, Mava Ventures.

Siphon Lab is focused on building the Siphon Universe on the Sui network. The Siphon ecosystem includes projects like Tradeify, a decentralized derivative trading protocol offering zero price impact trading and up to 100x leverage, and Liquidify, a liquid staking protocol that maximizes the capital efficiency of SUI across the ecosystem. These projects aim to provide innovative trading solutions, pooled liquidity, and optimized on-chain trading experiences for users, with plans for further expansion and the introduction of new features in the future.

Cloudburst raised $3M in a Seed funding round from Strategic Cyber Ventures (SCV)*, Coinbase Ventures, Bloccelerate.

Cloudburst Technologies is a leading provider of cyber threat intelligence solutions specifically designed to combat digital currency and cryptocurrency fraud. They offer real-time monitoring and powerful tools that enable investigators to track and identify fraud actors involved in crypto fraud.

Antimetal raised $4.3M in a Seed funding round from Framework Ventures*, Chapter One, IDEO CoLab Ventures, Polygon Ventures, Alchemy Ventures, Builder Capital.

Antimetal is an AWS cloud cost optimization platform that utilizes AI to analyze and optimize cloud spending, helping users maximize savings. By integrating with your AWS account through a cross-account IAM role, Antimetal gains read-only access to your organization's cost data and uses its cost-saving model to provide analysis, management, inspection, forecasting, and modeling of AWS spend.

Other investment rounds

Dolomite raised $2.5M in a  funding round from Draper Goren Holm (DGH)*, NGC Ventures*, Coinbase Ventures, WWVentures, 6th Man Ventures (6MV), RR2 Capital, Token Metrics Ventures, Orchard Street Capital.

Dolomite is a decentralized exchange (DEX) and money market protocol that operates on the Arbitrum Ethereum layer 2 network developed by Leavitt Innovations, the lead developer of next-generation DeFi money market. It offers trustless trade settlement, overcollateralized loans, margin trading, and on-chain liquidity through automated market maker (AMM) pools.

Odsy Network raised $7.5M in a  funding round from Blockchange Ventures*, Rubik Ventures, Node Capital, FalconX.

Odsy Network is a security-focused blockchain that offers a decentralized access layer to Web3 through dynamic wallets (dWallets). These dWallets provide secure access and transaction signing capabilities across multiple blockchain networks, making Odsy a key player in securing assets and enabling universal access control in the Web3 ecosystem.

Artizen raised $2.2M in a  funding round from Consensys Mesh, Animoca Brands, Protocol Labs.

Artizen is a Web3 culture-focused crowdfunding platform that focuses on supporting niche arts projects. Through tokenization and gamification, creators sell Artifacts, which are one-of-a-kind artworks on the Ethereum blockchain, to fund their projects. Community members can participate by owning Artifacts, voting for future projects, and contributing to a cash prize awarded to the most successful project at the end of each season.

Meso raised undisclosed amount in a  funding round from Solana Ventures, Ribbit Capital, 6th Man Ventures (6MV), Phantom.

Meso is a fintech platform designed to bridge the gap between traditional banking systems and cryptocurrency applications. It offers frictionless integration through its SDKs, enabling seamless on and off-ramps for users. With a focus on scalability, security, and user experience, Meso allows for quick transfers and transactions, ensuring privacy and data protection.

Cookbook raised $2M in a  funding round from MaC Venture Capital, Tagus Capital, Superscrypt, Alchemy Ventures.

Cookbook is an open-source smart contract marketplace that allows developers to search, upload, download, deploy, and manage Solidity smart contracts for integration into their applications. It serves as an extensive registry where developers can find and collaborate on smart contracts, providing documentation, audits, and a user-friendly interface for contract management and interaction.

Tabi (ex Treasureland) raised $10M in a  funding round from Animoca Brands, Binance Labs Fund, Draper Dragon, Hashkey Capital, Infinity Ventures Crypto (IVC), Youbi Capital.

Tabi is a decentralized marketplace and platform for publishing and trading nonfungible tokens (NFTs). It offers features such as NFT trading, a launchpad, and a gaming platform, while also converting users' on-chain activities into experience points for future rewards. Tabi aims to connect NFT creators, users, and consumers, serving as a gateway to the Web 3.0 world and offering incentives for developers on the BNB Chain.

Nomiks raised $1.1M in a  funding round from Outlier Ventures, Cygni Capital.

Nomiks is a consulting firm specializing in Web3 tokenomics, providing services to maximize business opportunities while reducing risk. They offer audit, risk management, and economic system design support to ensure the robustness, sustainability, and profitability of blockchain projects, helping clients make informed decisions with big data analytics in the Web3 space.

Artifact Labs raised $3.3M in a  funding round from Blue Pool Capital*, Animoca Brands.

Artifact Labs is a Web3 company that focuses on preserving historical events by leveraging blockchain technology. They have introduced the ARTIFACT Standard, the world's first NFT metadata standard that provides comprehensive context and provenance to establish the historical significance and value of cultural assets.

Webb raised $7M in a  funding round from Polychain Capital*, Lemniscap*, Commonwealth, Coin Merge Strategy (CMS), Zee Prime Capital.

Webb is an ecosystem that focuses on building infrastructure and privacy protocols for connecting zero-knowledge applications in the Web3 ecosystem. They offer solutions such as the Webb Anchor System—a private bridge protocol that enables secure and confidential asset transfers across different blockchains using zero-knowledge proofs.

* fund, that lead investment round

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