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Crypto Fundraising weekly
Dates: 27 Mar – 02 Apr 2023

Summary

During this week 17 blockchain startups has raised $248.3M in funding:

  • Series C round: 1 startup $108M
  • Series A round: 2 startups $67.5M
  • Unknown round: 6 startups $46.5M
  • Seed round: 5 startups $23.3M
  • Series B round:   (1 startup) $3M
  • Strategic round:   (2 startups) undisclosed amount
0
$36M
$72M
$108M

Investments by ecosystem

This week's biggest funding round

Ledger raised $108M in a Series C funding round from True Global Ventures, Digital Finance Group (DFG), Vayner Fund, 10T Holdings, Cité Gestion Private Bank, Cap Horn Invest, Morgan Creek Capital, Cathay Innovation, Korelya Capital, Molten Ventures (ex Draper Esprit).

Ledger wallets are hardware cryptocurrency wallets made by Ledger, a company headquartered in Paris, France. Ledger's hardware wallets are multicurrency wallets that are used to store private keys for cryptocurrencies offline.

Pre-seed and Seed investment rounds

Ensemble raised $1M in a Seed funding round from Collab+Currency*, Lattice Fund, Builder Capital.

Ensemble is a platform for artists to sell Non-Fungible Tokens (NFTs) of artifacts from their creative process, such as early demos of a song, storyboards from a film, or rough drafts of a visual artwork, on the Ethereum Blockchain.

Polytrade raised $3.8M in a Seed funding round from Alpha Wave Global*, Matrix Partners*, Polygon Studios*, CoinSwitch*, Singularity Ventures, GTM Ventures.

Polytrade is a decentralized trade finance platform that aims to transform receivables financing.

Econia raised $6.5M in a Seed funding round from Dragonfly Capital*, Lightspeed Faction, Wintermute, Hudson River Trading, Flow Traders, Aptos Labs.

Econia is a hyper-parallelized on-chain order book for the Aptos blockchain and a fundamental financial tool utilized by financial institutions like stock markets, except unlike the New York Stock Exchange or the NASDAQ, Econia is decentralized, open-source, and permissionless.

Conduit raised $7M in a Seed funding round from Paradigm*.

Conduit is a crypto infrastructure platform that enables the deployment of production-grade OP Chains (rollups built on the Optimistic Ethereum protocol) quickly and easily, without needing to handle the operational aspects of scalability, reliability, and upgrades themselves. DeFi protocols, gaming companies, NFT platforms, and other on-chain providers can use Conduit to scale their applications.

Cega raised $5M in a Seed funding round from Dragonfly Capital*, Pantera Capital, Robot Ventures.

Cega is a decentralized exotic derivatives protocol that builds exotic options structured products for retail investors. These products generate superior yield and offer built-in protection against market downturns. Cega is also developing new capabilities in tech, token contracts, and data modeling that will enable the next evolution of defi derivatives.

Other investment rounds

LI.FI raised $17.5M in a Series A  funding round from CoinFund*, Superscrypt*, Bloccelerate, L1 Digital, Circle Ventures, Factor, Perridon Holdings, Theta Blockchain Ventures (Theta Capital Management), Three Point Capital, Abra.

LI-FI is a bridge and DEX aggregation protocol that allows for cross-chain swapping, bridging, and messaging across multiple blockchains. It offers an API that grants access to all DEXs, DEX aggregators, and relevant bridges, enabling users to conduct these transactions in a secure and efficient manner.

apM Coin raised $5M in a  funding round from DWF Labs*.

apM Coin is a blockchain-applied customer rewards and payments platform that is in collaboration with apM Group, which operates South Korea’s largest B2B clothing wholesale shopping malls; apM, apM PLACE, and apM Luxe. The blockchain-based customer rewards platform apM Members mobile app has been introduced to all three shopping malls. Additionally, apM NFT e-Voucher service, which can be purchased within the app and used at the clothing wholesale market, has been launched. This marks the first-of-its-kind payment solution in the industry, allowing purchases using apM Coins.

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

NULS is a blockchain infrastructure that provides customizable services and a global open-source community blockchain project. NULS adopts micro-services to achieve a highly modular underlying architecture, using smart contracts and cross-chain technologies, combined with the ability of ChainBox to quickly build chains, reduce development costs, and accelerate blockchain business application landing.

Fetch.ai raised $40M in a  funding round from DWF Labs*.

Fetch.ai is an artificial intelligence-focused crypto protocol aims to provide the tools for developers to deploy and monetize applications by providing an autonomous machine-to-machine ecosystem.

Getaverse raised undisclosed amount in a  funding round from AC Capital*.

Getaverse is a blockchain credit system developed and deployed based on multiple public chains. The platform aims to create a metaverse ecological service platform based on the Web3 digital authentication engine protocol. After users register and enter Getaverse, they will obtain a DID identity.

LandVault (ex Admix) raised $3M in a Series B  funding round from The Sandbox, Gemini Frontier Fund, Kingsway Capital, HodlCo.

LandVault is the largest metaverse construction company that has pivoted into building metaverse infrastructures. The company's strategy is a combination of multiple elements of technology as well as provides assistance in real estate acquisition, financial analysis, and online marketing, enabling companies with an online virtual world that incorporates augmented reality, virtual reality, 3D holographic avatars, video and other means of communication.

Orderly Network raised undisclosed amount in a Strategic  funding round from CoinDCX*.

Orderly Network is a permissionless, decentralized exchange protocol and modular ecosystem built on top of NEAR.

SO-COL raised $1.5M in a  funding round from DWF Labs*.

SO-COL (Social Collectables) is a Web3 community-centric platform that empowers creators, communities, and brands by building tools for them to leverage on improved accessibility and utility of NFTs. SO-COL is building community management and governance tools, NFT minting tools and a marketplace which allows creators and fans to sell and trade their community NFTs.

EigenLayer raised $50M in a Series A  funding round from Blockchain Capital*, Electric Capital, Polychain Capital, Hack VC, Finality Capital, Coinbase Ventures, Bixin Ventures.

EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the rehypothetication of $ETH on the consensus layer. Users that stake $ETH can opt-in to EigenLayer smart contracts to restake their $ETH and extend cryptoeconomic security to additional applications on the network. Part of EigenLayer’s potential lies in its ability to aggregate and extend cryptoeconomic security through restaking and to validate new applications being built on top of Ethereum.

Turbos Finance raised undisclosed amount in a  funding round from Jump Crypto*.

Turbos is the first decentralized perpetual contract and zero-slippage exchange building on Sui, providing users with a safe and efficient trading platform with low fees and helping improve the asset liquidity in the Sui ecosystem. Turbos provides users with zero slippage perpetual contract transactions and spot trading services.

Midaswap raised undisclosed amount in a  funding round from Foresight Ventures*.

Midaswap is a NFT AMM protocol that supports the creation of NFT trading pairs with any NFT asset and any FT asset. Users can provide liquidity through any ERC20 and NFT, and the liquidity pool will be aggregated into a "total pool" to reduce the cost of NFT market making.

* fund, that lead investment round

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