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Crypto Fundraising weekly
Dates: 17 – 23, Apr 2023

Summary

During this week 18 blockchain startups has raised $177.1M in funding:

  • Series A round: 4 startups $83M
  • Unknown round: 4 startups $62M
  • Seed round: 7 startups $28.5M
  • Pre-seed round:   (3 startups) $3.6M
0
$27.7M
$55.3M
$83M

Investments by ecosystem

This week's biggest funding round

Berachain raised $42M in a Series A funding round from Polychain Capital*, Hack VC, Shima Capital, Robot Ventures, Golden Tree, dao5 (daofive), Tribe Capital.

Berachain is a DeFi focused EVM-compatible Layer 1 blockchain built on the Cosmos SDK, powered by Proof of Liquidity Consensus and will be EVM compatible. The project aims to allow users to stake tokens while providing liquidity to DeFi protocols in parallel. Berachain has a tri-token system of bera (the native gas token), honey (a native stablecoin) and BGT (the "non-transferrable" Bera Governance Token).

Pre-seed and Seed investment rounds

Playbux raised $2M in a Seed funding round from Binance Labs Fund*, Gate.io Labs, Tron Foundation, CertiK, Ankr Network, IMO Ventures, Lingfeng Innovation Fund (LIF), Math Wallet, Old Fashion Research (OFR).

Playbux is a blockchain-based e-commerce metaverse platform on the BNB chain that allows users to shop and earn cash back. It integrates Shop & Earn, virtual communities, blockchain services, and DeFi platforms to revolutionize digital commerce and offer an accessible, fun, and attractive experience to millions of new users. Users can purchase real-world merchandise and receive codes to redeem metaverse items or PBUX tokens in the metaverse.

MetaGravity raised $9.5M in a Seed funding round from SINO Global Capital, The Spartan Group, Market One Capital.

MetaGravity is a London-based provider of the next-generation virtual world and metaverse infrastructure that aims to create the technical foundation for a scalable and decentralized metaverse by building the distributed compute infrastructure for metaverse gaming and virtual world simulations. Their platform offers arbitrary scale, transformational cloud cost efficiencies, and cloud-agnostic/game-engine agnostic ease of use.

Flow.so raised $3M in a Seed funding round from Nima Capital*, Shima Capital.

Flow is a rollup-centric NFT ecosystem that offers powerful order matching, execution engines, and LLM-based NFT analytics. Flow's aggregator makes NFT bidding easier with their innovative "place bid once, buy from everywhere" technology.

Rumby Stars raised undisclosed amount in a Seed funding round from Binance Labs Fund*.

Rumby Stars is a social game platform developed by South Korean Developer GOMBLE. It offers a 4v4 PvP game that requires strategic thinking and skills to defeat opponents. It aims to bring joy to the lives of players from the worlds of Web2 and Web3 gaming by providing game that doesn't require the purchase of NFTs to play, ensuring all players have an equal chance of winning.

Shield raised $2.1M in a Pre-seed funding round from Kraken Ventures, Eterna Capital, Alchemy Ventures, MoonPay, NGC Ventures, Orange DAO, Steel DAO, Lecca Ventures, MH Ventures, 2PunksCapital, WAGMI Ventures, Halborn, Quantstamp, CoinSwitch, Very Serious Ventures (VSV).

Shield is a Web3 security API that provides a single REST API that offers scam detection models to help Web3 platforms protect their users from malicious actors and protocols to secure the billions of people and trillions of assets that will flow in decentralized digital ecosystems, especially in NFT and DeFi. Shield is built by a team of ex-Facebook, McKinsey, Y Combinator, MIT & Princeton technologists.

Swaap raised $4.5M in a Seed funding round from Signature Ventures*, New Form Capital, C² Ventures, Kima Ventures, Pareto Holdings, Entrepreneur First, Meltem Demirors.

Swaap is an automated market maker that offers sustainable yields for liquidity providers and lower fees for traders by leveraging oracles and dynamic spreads. It reduces arbitrage trading and impermanent loss, providing a more efficient model for investing and trading higher-cap tokens listed on order books.

Yoz raised $3.5M in a Seed funding round from Electric Capital*, Coinbase Ventures, Collab+Currency, Dapper Labs, Form Capital, North Island Ventures.

Yoz is a Web3 platform designed to simplify user notification by offering a “low-to-no code interface” that only requires a smart contract to get started.

Coinflow raised $1.5M in a Pre-seed funding round from Jump Crypto*, Reciprocal Ventures*, CMT Digital, Digital Currency Group (DCG), gumi Cryptos Capital, Builder Capital, Prompt Ventures, Blocktech Ventures.

Coinflow is a payment infrastructure provider that enables web3 companies to accept traditional payment methods and payout their customers in USD directly to their bank accounts. It helps non-crypto native customers onboard more easily with familiar payment flows while Coinflow manages the back-end infrastructure, primarily serving games, NFT projects, wallets, and other web3 products.

Wallet Guard raised undisclosed amount in a Pre-seed funding round from Ethereal Ventures*, ConsenSys, IOSG Ventures.

Wallet Guard is an open-source browser extension featuring transaction simulation and proactive phishing detection.

Fractal Protocol raised $6M in a Seed funding round from Hack VC*, 6th Man Ventures (6MV), Archetype, CMT Digital, Blizzard, Circle Ventures, CoinShares Ventures, Golden Tree, QCP Capital, The Spartan Group.

Fractal is an institutional-grade technology infrastructure provider that enables institutions to clear, settle, and margin digital asset trades on-chain, allowing all on-chain financial assets to interact with and collateralize against each other via a universal margin account. Its platform allows real-time monitoring of positions and reduces counterparty risk by preventing multiple counterparties from trading using the same collateral.

Other investment rounds

iZUMi Finance raised $22M in a  funding round from Incuba Alpha, Bella, NextGen Digital Venture.

iZUMi Finance is a one-stop liquidity-as-a-service (LaaS) DeFi protocol. Their product offerings include LiquidBox, iZiSwap, and iUSD, which aim to provide liquidity as a service and enable efficient, lasting, and high capital efficiency trading experiences for DeFi users.

Rarify Labs raised $10M in a  funding round from Pantera Capital*, Protocol Labs, Circle Ventures, Eniac Ventures, Slow Ventures, Hyper, Greycroft.

Rarify Labs is a service provider and community member dedicated to advancing the next-generation interoperability protocol Rarimo. Rarify Labs provides a platform for individuals and organizations to contribute to Rarimo's development.

P2P Validator raised $23M in a Series A  funding round from Jump Crypto, ByBit, Sygnum.

P2P Validator is a secure non-custodial staking and institutional Proof-of-Stake infrastructure provider with slashing insurance, trusted by crypto-banks, exchanges, funds and institutional service providers.

Tableland raised $8M in a Series A  funding round from CoinFund*, Multicoin Capital, BlueYard Capital, Protocol Labs, A Capital, Betaworks Ventures.

Tableland is a decentralized database that utilizes SQL for structured data, providing developers with a web3-native, relational database that easily integrates into their stack. It allows developers to create and manage tables as on-chain assets with customizable permissions and smart-contract integrations, and aims to introduce practical data management for applications. Developed by Textile.

Nayms raised $12M in a  funding round from UDHC*, New Form Capital, Tokentus Investment AG, Keyrock.

Nayms is the first fully-regulated marketplace for on-chain insurance, allowing regulated brokers and underwriters to find digital asset capital providers to share in the premium and liability entailed in covering digital asset risk. It is a platform that uses blockchain technology to extend traditional risk markets and take risk pricing and management to a new level. Nayms is structured as a Segregated Accounts Company (SAC) and holds both a Digital Asset Business License and Innovative General Business Insurance License.

Karate Combat raised $18M in a  funding round from BITKRAFT Ventures*, Alpha Wave Global, Hashkey Capital, Lattice Fund, M13, Delphi Digital, Contango Digital Assets, Blockchain Coinvestors, Cypher Capital, Monoceros, Visary Capital, Side Door Ventures, Gate.io Labs, Bitscale Capital, CSP DAO, The Operating Group, Santiago Santos.

Karate Combat is a full contact striking league that combines live-action, full-contact Karate with immersive CGI environments powered by the Epic Games Unreal gaming and virtual production engine. The league features Olympic medalists and national champions from around the world, competing in eight different weight divisions in pursuit of a Karate Combat World Championship.

Galactic Holdings raised $10M in a Series A  funding round from BAI Capital*, Animoca Brands, Y2Z Ventures, Longling Capital, Head & Shoulders Financial Group, TKX CAPITAL, Perseverance Capital, Palm Drive Capital.

Galactic Holdings is the only large-scale comprehensive platform in Latin America that is compliant and owns the digital currency wallet TruBit, the exchange TruBit Pro, and the Mexican peso-anchored stablecoin Moneta Digital (MMXN).

* fund, that lead investment round

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