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Crypto Fundraising weekly
Dates: 29 May – 04 Jun 2023

Summary

During this week 14 blockchain startups has raised $138.8M in funding:

  • Strategic round: 2 startups $52M
  • Unknown round: 5 startups $42.7M
  • Series A round: 2 startups $28M
  • Seed round: 3 startups $14.1M
  • Pre-seed round:   (2 startups) $2M
0
$17.3M
$34.7M
$52M

Investments by ecosystem

This week's biggest funding round

Magic raised $52M in a Strategic funding round from PayPal Ventures*, Cherubic Ventures, Northzone, Volt Capital, Synchrony Ventures, KX.

Magic is a wallet-as-a-service provider that enables businesses to onboard users into the web3 ecosystem by offering instant non-custodial wallet creation. It simplifies the onboarding process by utilizing email or social logins instead of seed phrases or browser extensions, providing a familiar web2 experience. Magic's developer SDK offers products like Magic Connect and Magic Auth, allowing passwordless web3 onboarding and authentication through magic links, making integration seamless and secure.

Pre-seed and Seed investment rounds

Kakarot raised undisclosed amount in a Pre-seed funding round from Starkware, LambdaClass, Vitalik Buterin.

Kakarot is a zkEVM (zero-knowledge Ethereum Virtual Machine) implemented in Cairo, a language associated with the CairoVM. It enables the deployment of Ethereum smart contracts on Starknet, a layer 2 scaling solution for Ethereum, while providing provable transactions and blocks. Developers can utilize Kakarot to build and deploy EVM apps, maintaining compatibility with the Ethereum ecosystem and offering interoperability with native Starknet protocols.

Fusionist raised $6.6M in a Seed funding round from Binance Labs Fund*, FunPlus*.

Fusionist is a blockchain-based gaming company that develops high-quality Web3 games and utilizes collectible NFTs. Their scalable multi-gaming ecosystem, built on Unity, offers a trilogy of sci-fi games that combine management simulation, tactical RPG, and strategic 4X genres. With a focus on player segmentation and organic growth, Fusionist aims to provide next-generation Web3 gaming experiences and expand to various Layer-1 networks.

Leo Wallet raised $4.5M in a Seed funding round from Hack VC*, Data Collective DCVC, Coinbase Ventures, Amplify Partners, C² Ventures, Kearny Jackson, CRV, OpenSea, Dialectic, Santiago Santos.

Leo Wallet is a privacy-focused wallet specifically designed for Aleo, offering a secure and convenient platform for various actions on the Aleo blockchain. It supports functions like token transactions, staking, trading, gaming, and more, either directly within the wallet or through its dApp partners. Leo Wallet is developed by Demox Labs, providing users with a comprehensive solution for managing their Aleo assets and engaging in blockchain activities while prioritizing privacy.

MetaZone raised $3M in a Seed funding round from Sfermion*, CMT Digital*, Tess Ventures, IOSG Ventures, Infinity Ventures Crypto (IVC), Polygon Ventures, MHC Digital Finance, LucidBlue Ventures.

MetaZone is an NFT minting platform that enables creators to deploy functional 3D digital content and apps in the open metaverse. With MetaZone, creators can mint METAs, which are NFTs representing the value, ownership, and access rights of their digital content. These METAs can be purchased and deployed on digital land, creating an interactive and immersive experience for metaverse visitors.

zkMe raised $2M in a Pre-seed funding round from Circle Ventures, ArkStream Capital, NGC Ventures, The Spartan Group, Fenbushi Capital, Coin Merge Strategy (CMS).

zkMe is a decentralized Web3 network that uses zero-knowledge proofs for secure and private credential issuance and verification. Its mission is to provide infrastructure for presenting verified credentials while maintaining privacy and trust, allowing issuers, holders, and verifiers to leverage the value of identities.

Other investment rounds

Spinamp raised $1.2M in a  funding round from PTC Crypto (Palm Tree Crew)*, Coop Records, Archetype, Noise, FireEyes, 1kx.

Spinamp is a comprehensive platform that allows users to explore, curate, share, and listen to the growing library of web3 artists and minted music collections. It aggregates and indexes Music NFTs from various platforms and protocols, providing a single, seamless listening app to discover and enjoy these artists and their music. Spinamp also offers spinamp-dev, a collection of tools for building new experiences within the web3 music ecosystem, including embeddable players, client SDKs, and data-fetching hooks.

Anoma raised $25M in a  funding round from CMCC Global*, Electric Capital, Delphi Digital, Dialectic, KR1 plc, The Spartan Group, NGC Ventures, MH Ventures, Bixin Ventures, No Limit Holdings (NLH), WAGMI Ventures, Plassa Capital, Perridon Holdings, Anagram, Factor.

Anoma is a sovereign, proof-of-stake blockchain protocol that enables private, asset-agnostic cash and private bartering among any number of parties.

Prisma raised undisclosed amount in a  funding round from FRAX Finance, Conic Finance, Tetranode, Llama Airforce, OKX Ventures (ex OKEx Blockdream Ventures), MrBlock, DeFiDad, Impossible Finance, 0xMaki, Genesis Block Ventures Capital (GBV), Agnostic Fund.

Prisma is a decentralized finance (DeFi) protocol that focuses on leveraging Ethereum liquid staking tokens (LSTs) to unlock their full potential. It allows users to mint a stablecoin (acUSD) collateralized by LSTs, providing capital efficiency and additional rewards through trading fees and incentives. Prisma's codebase is based on Liquity, ensuring immutability and decentralization, and its governance token (PRISMA) grants holders control over various aspects of the protocol, such as collateral parameters and protocol fees.

Illuvium raised $10M in a  funding round from Framework Ventures*.

Illuvium is a decentralized RPG and collection game series on the Ethereum blockchain. Players explore a fragmented world, capture powerful Illuvials as NFT assets, and engage in battles and trades. The project offers a triple-A blockchain gaming experience, with player-driven governance and regular revenue distributions.

QuestN raised $8M in a Series A  funding round from Hash Global*, Matrix Partners*, DHVC (Danhua Capital)*, SevenX Ventures, Alliance DAO (ex DeFi Alliance), Sky9 Capital, NGC Ventures, Everest Ventures Group (EVG), No Limit Holdings (NLH), Stratified Capital, Old Fashion Research (OFR), North Beta Capital, Puzzle Ventures.

QuestN is a comprehensive tool for Marketing, Growth, and Analysis in Web3, developed by Hogwarts Labs. It offers a range of services to attract, acquire, and analyze users, enabling projects to achieve exponential growth and advertising precision using AI technology. QuestN provides incentives and rewards in the form of Tokens and NFTs for users who participate in quests and events, allowing them to enhance their community reputation and unlock higher-level rewards.

CityPay raised undisclosed amount in a Strategic  funding round from Tether*.

CityPay is a digital currency payment solution that enables businesses to accept payments in cryptocurrencies. With multiple payment channels available, including web, email, and POS terminals, CityPay offers a convenient and customizable platform for businesses to receive cryptocurrency payments.

Transak raised $20M in a Series A  funding round from CE Innovation Capital*, SBI Holdings, Sygnum, Azimut, Third Kind Venture Capital (3kvc), United Overseas Bank (UOB), Signum Capital, Animoca Brands, Genting Ventures, Istari Vision, No Limit Holdings (NLH), Woodstock, IOSG Ventures, Axelar Network, Tokentus Investment AG, THE LAO, Sandeep Nailwal, KX.

Transak is a developer integration toolkit that simplifies the process of onboarding users to buy and sell crypto in blockchain applications. It offers API-driven fiat payment methods and handles KYC, compliance, and customer support, making it easy for developers to enable fiat-crypto on- and off-ramping. With Transak, mainstream users can access web3 apps more easily, and developers can increase their revenue while customizing the integration according to their needs.

DeGame raised $6.5M in a  funding round from Folius Ventures*, Kenetic*, Ant Capital (a&t)*, NGC Ventures, Hack VC, Hashkey Capital, Avalanche, Y2Z Ventures, Sfermion, Bixin Ventures, Assembly Partners, FBG Capital, LucidBlue Ventures, Rangers Protocol.

DeGame is a prominent GameFi/NFT aggregator that provides a platform for GameFi projects and partnerships. It introduces the concept of proof-of-contribution (PoC) to identify and reward contributors, offering a PoC tool and algorithm for users to create and participate in permissionless PoC communities. These communities record and verify user behavior, calculate contribution value, and enable the exchange of value for identity verification, privileges, NFTs, and tokens, benefiting both users and projects in the blockchain ecosystem.

* fund, that lead investment round

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