Crypto Fundraising weekly
Dates: 20 – 26, Mar 2023

This week's biggest funding round

EVE Online raised $40M in a Seed funding round from Andreessen Horowitz (a16z crypto)*, Makers Fund, BITKRAFT Ventures, Kingsway Capital, Hashed, Nexon.

EVE Online is a community-driven spaceship MMORPG by game studio CCP Games where players can play free, choosing their own path from countless options.

Pre-seed and Seed investment rounds

Particle Network raised $7M in a Seed funding round from ABCDE Capital*, Animoca Brands, LongHash Ventures, GSR, Hashkey Capital, OP Crypto, Arcane Group, ArkStream Capital.

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.

Narwhal Finance raised $1M in a Seed funding round from Animoca Brands*, Hailstone Ventures.

Narwhal Finance is a cross-market decentralized perpetual exchange that enables leveraged trading of all asset classes through synthetic assets. Liquidity providers earn a yield from trading fees and top traders’ performance, making it a profitable opportunity for all parties involved. The protocol ecosystem revolves around USDT, NLP, and NAR tokens.

Versa raised undisclosed amount in a Seed funding round from Folius Ventures, Find Satoshi Lab.

Versa is a one-stop UX-simplified smart contract wallet that allows users to easily access crypto wallets with keyless and social logins, conduct gas management and on-chain account recovery, set up automatic spendings, automate investment strategies, and more.

Carbonable raised $1.2M in a Seed funding round from Ethereal Ventures*, La Poste Ventures*, Starkware.

Carbonable is a Web3 provider of environmental services intended to fight climate change that uses blockchain technology to track carbon contributions and help prevent greenwashing. The company empowers people to invest by buying companies NFT and getting to hold stakes in nature regeneration project which generate carbon credits and use them to offset carbon emissions, enabling customers to reduce carbon footprints. Carbon removal projects and carbon credits are semi-fungible, meaning they have unique features that distinguish them from each other, but share fungible properties such as total carbon absorption. The platform uses Semi-Fungible Tokens (SFTs) to reflect both properties, allowing users to invest flexible amounts in specific projects.

CROSSx raised undisclosed amount in a Seed funding round from Flow Traders, Gate.io Ventures, Wintermute, Two Sigma Ventures, Laser Digital, GMO Internet Group, Pepperstone, Think Markets, TMGM, Exness.

CROSSx is an execution-only cryptocurrency Electronic Communication Network (ECN) that offers fast trade execution, low trading costs, and enhanced market data capabilities. It does not hold client funds, directly handle assets or carry counterparty risk, and provides clients with access to the fastest pricing and trade executions with a substantial level of liquidity customization. Developed by a digital asset trading technology firm Crossover Markets Group.

EVE Online raised $40M in a Seed funding round from Andreessen Horowitz (a16z crypto)*, Makers Fund, BITKRAFT Ventures, Kingsway Capital, Hashed, Nexon.

EVE Online is a community-driven spaceship MMORPG by game studio CCP Games where players can play free, choosing their own path from countless options.

Turnkey raised $7.5M in a Seed funding round from Variant Fund, Sequoia Capital, Coinbase Ventures.

Turnkey is a platform that provides simple APIs to securely manage private keys. It allows users to generate hundreds of wallets and sign thousands of transactions across any chain, all with flexible, programmable permissions to ensure you only sign what you want.

Metatime raised $11M in a Seed funding round from Yildiz Tekno GSYO.

Metatime is an Istanbul-based crypto startup that is preparing to launch several products and services, including a crypto exchange, wallet, NFT marketplace, native blockchain and a stablecoin MTC.

Other investment rounds

Davos Protocol raised undisclosed amount in a  funding round from LD Capital*.

Davos is a new DeFi protocol consists of a dual token model, DAVOS and DGT and a set of mechanisms that support instant conversions, asset collateralization, borrowing, yield farming, and stable asset staking. Davos is an enhanced version of MakerDAO and is a multi-chain protocol.

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

Radix is a layer-one protocol specifically built to serve DeFi. Radix has its own consensus system, its own execution environment and its own programming language called Scrypto.

Hadean raised $5M in a Series A  funding round from Sanctor Capital, Ericsson Ventures, Metrea Discovery, VU Venture Partners, Tirta Ventures.

​​Hadean is a metaverse infrastructure developer. Hadean are a venture backed startup, reimagining distributed, spatial and scalable computing for web 3.0 and the metaverse. The distributed cloud platform enables scalability, security, and interoperability, driving the metaverse and digital immersive experiences for enterprise, commercial, gaming and government customers.

Davos Protocol raised undisclosed amount in a  funding round from MH Ventures*.

Davos is a new DeFi protocol consists of a dual token model, DAVOS and DGT and a set of mechanisms that support instant conversions, asset collateralization, borrowing, yield farming, and stable asset staking. Davos is an enhanced version of MakerDAO and is a multi-chain protocol.

BitKeep raised $30M in a  funding round from Bitget*.

BitKeep is a decentralized multi-chain crypto wallet dedicated to providing safe and convenient one-stop digital asset management services.

OP3N raised $28M in a Series A  funding round from Animoca Brands*, Dragonfly Capital, Superscrypt, Republic Crypto, Blizzard, Galaxy Digital, Warner Music Group, Creative Artists Agency (CAA), The Spartan Group, Connect, GSR, BRV Capital Management.

OP3N is a web3 AI-powered platform that acts as a super app, integrating all aspects of NFTs from creation to minting to community building. The platform allows artists and creators to offer fans new ways to engage through NFT-gated experiences that fans can buy at different price points.

Gryfyn raised $7.5M in a  funding round from Liberty City Ventures, GameFi Ventures, Lavender Hill Capital Partners, Mind Fund, Animoca Brands, LeadBlock Partners, AngelHub, Brinc, Gabby Dizon.

Gryfyn is a custodial crypto wallet that allows users to easily and safely access digital assets, including NFTs and cryptocurrencies, and connect with their favorite brands. It provides a seamless and secure Web3 experience built on Hex Trust's infrastructure and serves as a digital passport for users to engage with events, entertainment, and each other. Gryfyn is a joint venture between Animoca Brands and Hex Trust.

tomi raised $40M in a  funding round from DWF Labs*, Ticker Capital.

Tomi is a decentralized Alternative Internet Network that aims to provide a Web3 infrastructure for decentralized digital assets and cloud services, promoting freedom of speech and access to uncensored information through its DAO governance model. Its vision is to create a new internet where people can transact and invest freely, without government or corporate surveillance or censorship.

Synthetix (ex Havven) raised $20M in a  funding round from DWF Labs*.

Synthetix is a decentralized platform that enables trading of synthetic assets, such as commodities and stocks, without liquidity limitations. The assets are collateralized by Synthetix Network Tokens (SNX) locked in a smart contract and traded on the Synthetix Exchange, which is built on Ethereum and Optimistic Ethereum.

* fund, that lead investment round