Crypto Fundraising weekly
Dates: 10 – 16, Apr 2023

This week's biggest funding round

Sei Network raised $50M in a funding round from Bitget*, Foresight Ventures*.

Sei Network is a blockchain Layer-1 created specifically for DeFi with the aim of becoming a foundational platform for the future financial system. It is built using the Cosmos SDK and Tendermint Core. Sei Network has a built-in on-chain orderbook that allows smart contracts access to shared liquidity.

Pre-seed and Seed investment rounds

Intmax raised $4.9M in a Seed funding round from Hashkey Capital, Scroll, MZ Web3 Fund, Alchemy Ventures, Bitscale Capital, B Dash Ventures, SNZ Holding, Antalpha Ventures, Mask Network, DoraHacks, East Ventures, Tane, Hyperithm, Stacker Ventures, Cryptomeria Capital, WAGMI Ventures, TRGC, Zephyrus Capital, Pragma Ventures, BreakOrbit, HG Ventures, Big Candle Capital, Meteorite Labs, Balaji Srinivasan.

Intmax is a novel Layer 2 network on Ethereum that uses zkRollup technology to offer low cost, security, and scalability for web services and financial transactions. It enables internet-native ownership with NFTs and community-governed tokens, allowing all online citizens to participate in the economy through payments infrastructure.

Helio raised $3.3M in a Seed funding round from Peak Capital*, Lightspeed Faction*, RockawayX*, Solana Ventures*, Crypto Global United (CGU), MonkeVentures, BOOGLE, Token Ventures, MultiChain Advisors Inc., Droid Capital, alphabet angels.

Helio is a payments platform designed for the Web3 economy that enables merchants, dApps, and creators to accept decentralized crypto payments on Solana, Ethereum, and Polygon with low fees and without the need for intermediaries. With Helio, payments can be made quickly and easily with just one tap of a wallet, such as Phantom or MetaMask.

Natix Network raised $3.5M in a Seed funding round from Blockchange Ventures*, XYO Network, Mysterium Network, CV Labs, Mulana Capital, Blockarm Capital, TechStars, Plug and Play Ventures, CoinIX Capital.

Natix Network is a blockchain-based and crowdsourced camera network that creates a real-time map of the world. It uses AI technology to collect data such as traffic volume, road damages, and infrastructure issues, while ensuring 100% privacy compliance. The network aims to combine its AI technology with the world's 45 billion existing cameras to create a new crowdsourced geospatial data economy powered by the "Internet of Cameras," where camera owners earn crypto in return for contributing real-time data.

Absolute Labs raised $8M in a Seed funding round from Samsung Next, Near Foundation, MoonPay, Sparkle Ventures, Aglaé Ventures, Alpha Praetorian Capital, The Luxury Fund, Plassa Capital, Punja Global Ventures, W3i.

Absolute Labs is a Web3 CRM and marketing automation platform Wallet Relationship Management (WRM) that is designed to be wallet-first and natively tethered to on-chain data, enabling brands to gain critical insights on prospects and customers, identify actionable segments, and automate cross-channel campaigns, including NFT airdrops, across the entire marketing funnel.

Pear Protocol raised $1.3M in a Seed funding round from Flow Ventures, RNR Capital, Portico Ventures, JY Capital.

Pear Protocol is an on-chain spread trading platform launched on Ethereum layer-2 Arbitrum. It allows users to create leveraged long and short positions on different assets using the concept of pair trading.

HUG raised $5M in a Seed funding round from DIGITAL (Steve Cohen)*, OKX Ventures (ex OKEx Blockdream Ventures).

HUG is a social marketplace that connects digital and physical art creators with collectors, with a focus on highlighting underrepresented and marginalized communities. It provides a community-driven, decentralized curation process that rewards collectors with HUG points, exchangeable for rewards when they engage with creators. HUG is also known for HUG Studios, which offers educational and advisory programs for Web3 startup founders and creative entrepreneurs.

UXUY raised $3.2M in a Seed funding round from Bixin Ventures, Waterdrip Capital, KuCoin Ventures, Pionex, LK Venture, Arcane Group, Daoverse Capital, Lapin Digital.

UXUY is a cross-chain liquidity aggregation protocol and next-gen MPC-based decentralized trading platform that enables seamless token swapping across multiple chains. The platform offers customizable widgets that can be easily integrated into DApps, allowing developers to focus on building without worrying about integrating disparate bridges and DEXs. UXUY aims to provide a comprehensive stablecoin liquidity pool and a CEX-like user experience while supporting mainstream public chains and actively participating in the building of the "Unclaimed" ecosystem.

Gameta raised $5M in a Seed funding round from Binance Labs Fund, Huobi Ventures, Arcane Group, Ceras Ventures, Gate.io Labs, DefinanceX, Infinity Labs, StartVC, W3Coins, Redline Dao, Rana Capital.

Gameta is a multi-layered NFT entertainment and gaming network that provides players with a comprehensive Web3 gaming and entertainment experience, ranging from hyper-casual to immersive. Gameta ranks among the most active dApps on the BNB Chain, with frequent new NFT and reward innovations for its community.

Other investment rounds

Particle Network raised undisclosed amount in a Strategic  funding round from Cobo*.

Particle Network is a full-stack, data-driven, and composable Web3 data and development platform. Its core product is a login and wallet middleware solution that helps developers integrate a user-friendly web3 authentication solution into their decentralized applications. Particle Network’s tooling is multi-chain available on all Ethereum Virtual Machine (EVM) chains, and Solana and Tron. It aims to become a full-stack middleware platform for web3 developers.

Mirror World raised undisclosed amount in a Series A  funding round from Alchemy Ventures*.

Mirror World is an ecosystem of autonomous game worlds powered by Matrix Core Engine, where each digital world consists of four fundamental elements: game worlds, AI NFTs, community and DAO, and blockchain governance and economics. Mirror World allows gamers to consume AI-powered gaming content from various games within the Mirror World Matrix, generating the main utility token MWM by playing and periodically drawing cards from their marketplace to obtain higher rarity characters for higher returns across the ecosystem.

Crypto Elite's: BATTLEGROUNDS (CEBG) raised $3M in a  funding round from Youbi Capital, GSR Ventures, Ant Capital (a&t), Pepper Ventures, I Got Games (IGG), Bing Ventures, Welight, Hashkey Capital, SNZ Holding, Kernel Ventures, KuCoin Ventures, Initiate Capital, BetterverseDAO.

Crypto Elite's BATTLEGROUNDS (CEBG) is a blockchain-based game that combines MOBA and Battle Royale gameplay, allowing players to choose unique characters and battle it out in a secure, decentralized environment. CEBG aims to provide a fun and engaging gaming experience with an in-game economy, regular tournaments, and a range of features that cater to both Play-To-Earn and Free-To-Play players.

CAT Labs raised $4.3M in a  funding round from Castle Island Ventures, Brevan Howard Digital, CMT Digital, RW3 Ventures, Newark Venture Partners.

CAT Labs is a crypto crime-fighting startup focused on digital asset recovery and cybersecurity: to help recover cryptocurrency assets from digital evidence, such as from hackers’ computers or phones and to prevent digital asset theft and secure users infrastructure architecture.

raised $20M in a Series A  funding round from Sequoia Capital*, Steadview Capital, Truecaller.

RSS3 raised $10M in a  funding round from DWF Labs*.

RSS3 is a next-generation feed protocol that powers decentralized social, content, and e-commerce applications. RSS3 aims to be a bridge between blockchain technology and AI, search engines and social media. It's project RSS3 AIOP is an AI training environment providing Web3 information likes of ChatGPT.

Ramper raised undisclosed amount in a Strategic  funding round from Coin98 Ventures*.

Ramper is a platform that offers free SDK/API solutions to simplify the onboarding of users to Web3 for DApps built on multi-chains. It provides features such as authentication, key management, and crypto/NFT purchase, and the team has developed a new key management architecture called RPMS to achieve this mission.

Label raised $1M in a  funding round from DWF Labs*.

LABEL is a blockchain-based music platform that uses a Listen-And-Earn mechanism to reward users with utility tokens for their music playback time, which can be spent within the platform or given to musicians. It also includes an incubation program for musicians and an NFT marketplace for musicians' assets and IP sales.

CryptoGPT raised $10M in a Series A  funding round from DWF Labs*.

CryptoGPT is a zero-knowledge Ethereum layer-2 blockchain network designed to power the AI revolution by merging AI with blockchain technology. The platform provides data for AI development via its $GPT token.

Fingerlabs raised undisclosed amount in a Series A  funding round from Wemade Play.

Fingerlabs is a specialized blockchain laboratory owned by FSN, a South Korean digital marketing company. It develops blockchain applications and activates the SIX ecosystem owned by FSN. Fingerlabs is expanding its NFT project and platform business, including launching NFT projects such as 'Sunmiya Club' and 'Anipang Supporter Club' and conducting NFT platform business such as NFT marketplace 'Xclusive' and NFT-only wallet 'FAVORLET'.

SinVerse (ex Sin City) raised undisclosed amount in a Strategic  funding round from DWF Labs*.

SinVerse is the pioneering Mafia Metaverse on the Blockchain by Web3 game studio SinVerse, which gameplay is similar to the popular GTA franchise.

* fund, that lead investment round