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Crypto Fundraising weekly
Dates: 01 – 07, Aug 2022

Summary

During this week 13 blockchain startups has raised $73.9M in funding:

  • Seed round: 8 startups $38.7M
  • Series A round: 1 startup $20M
  • Unknown round: 3 startups $14M
  • Pre-seed round:   (1 startup) $1.2M
0
$12.9M
$25.8M
$38.7M

Investments by ecosystem

This week's biggest funding round

MarqVision raised $20M in a Series A funding round from DST Global, Y Combinator.

MarqVision is an NFT counterfeit detector. It has built an AI-powered intellectual property (IP) protection platform that monitors both e-commerce marketplaces and digital content, automatically detecting counterfeits and removing them from online sales and distribution.

Pre-seed and Seed investment rounds

Lifeform raised undisclosed amount in a Seed funding round from Binance Labs Fund.

Lifeform is a decentralized visual digital identity (DID) solution provider. The platform’s core technologies include: hyper-realistic 3D avatar creation tools; visual DID protocols; secure and innovative contract solutions; decentralized identity systems for Web3 avatars; metaverse engine software development kits (SDKs).

Volare raised $6M in a Seed funding round from Digital Currency Group (DCG), Genesis, Spark Digital Capital.

Volare is a L2 Enabled DeFi protocol for Exotic Options.

Stride raised $6.7M in a Seed funding round from North Island Ventures, Distributed Global, Pantera Capital.

Stride is a Cosmos liquid staking protocol that offers liquid staking for Cosmos Hub’s ATOM token and aims to support multiple Cosmos assets.

Coherent raised $4.5M in a Seed funding round from Kindred Ventures, Matchstick Ventures, Foundry Group, Coinbase Ventures, Draft Ventures, Chapter One, Alchemy Ventures.

Coherent is a blockchain data startup that is building APIs for human-readable blockchain data that will allow developers to build applications and offer new features using its data. Coherent is focusing on three types of data — on-chain transaction history, non-fungible token (NFT) data and credentials.

Bits Crypto raised $1.2M in a Pre-seed funding round from HOF Capital.

Bits Crypto is a mobile crypto-investment application developer.

Web3Port raised $1M in a Seed funding round from SNZ Holding, KuCoin Ventures, HashKey Group, FBG Capital, Spark Digital Capital, 7 O’Clock Capital, MH Ventures, BetterverseDAO, Bing Ventures, AZDAG.

Web3Port is a Web3.0-based accelerator and matchmaking protocol that supports startups in Web3, DeFi, and GameFi sectors by providing funds, marketing, community, and tokenomics support, fostering their development and contributing to the growth of the Web3.0 ecosystem. It offers standardized collaboration options, including launchpad services, CEX listing strategies, financing solutions through a network of Web3 VCs, and introductions to financial agencies, aiming to promote the growth of Web3 communities and connect entrepreneurs, investors, and contributors in a fair and open builder network.

Skrmiish raised $2.5M in a Seed funding round from Blockchain Founders Fund, Stellar Development Foundation, Launch Africa Ventures.

Skrmiish is a mobile "play-to-earn" app that allows gamers to earn cash in every match they play across popular AAA games. With its innovative MoneyMatch feature, players can back themselves for real cash without needing a competitor on the other side, while maintaining full control of their funds through the Skrmiish blockchain-based wallet.

Debt DAO raised $3.5M in a Seed funding round from Dragonfly Capital, GSR Markets LTD.

Debt DAO is a permissionless marketplace for crypto-native credit.

EigenLayer raised $14.5M in a Seed funding round from Polychain Capital*, Ethereal Ventures*, Figment, dao5 (daofive), Robot Ventures, P2P Validator.

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.

Other investment rounds

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

Grindery is the Web3 connection stack empowers organizations and DApp developers to connect thousands of Web2 applications with Web3 dApps/protocols.

Galoy raised $4M in a  funding round from Hivemind Ventures, Valor Capital Group, Kingsway Capital.

Galoy is the company behind the open-source banking platform that powers El Salvador’s Bitcoin Beach Wallet.

Taiko raised $10M in a  funding round from Sequoia Capital*, IOSG Ventures, GSR Markets LTD, GGV Capital, WWVentures, BAI Capital, KuCoin Ventures, Mirana Ventures, OKX Ventures (ex OKEx Blockdream Ventures), Skyland Ventures, Tokenbay Capital, Yunqi Partners.

Taiko is an open-source, community-driven project focused on building a decentralized scaling solution for the Ethereum blockchain. They are developing a Type 1 zero-knowledge Ethereum Virtual Machine (zkEVM), aiming to emulate the design and ideology of Ethereum while providing scalability.

* fund, that lead investment round

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