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Crypto Fundraising weekly
Dates: 01 – 07, Mar 2021

Summary

During this week 6 blockchain startups has raised $35.1M in funding:

  • Unknown round: 1 startup $26M
  • Series A round: 1 startup $6M
  • Seed round: 3 startups $2.8M
  • Public sale round:   (1 startup) $275K
0
$8.7M
$17.3M
$26M

Investments by ecosystem

This week's biggest funding round

Eco raised $26M in a funding round from Tiffany Haddish, Larry Fitzgerald, Kelvin Beachum Jr., Justin “3LAU” Blau, Keisuke Honda, Andreessen Horowitz (a16z crypto), Founders fund, Activant Capital, Slow Ventures, Coinbase Ventures, Tribe Capital, Valor Capital Group.

Eco refers to a digital wallet that offers various financial services, including spending, sending, saving, and earning money. It allows users to earn annual interest on their deposits and receive cashback rewards on spending at partner merchants like Amazon and Uber. Eco partners with regulated cryptocurrency custodians and prime lenders to lend out unused funds, and a portion of the interest earned is passed on to users as APY rewards.

Pre-seed and Seed investment rounds

Parfin raised $1.3M in a Seed funding round from Valor Capital Group*.

Parfin is a Web3 infrastructure provider offering digital asset custody, trading, tokenization and management tools to some of Latin America’s largest financial institutions.

Celestia raised $1.5M in a Seed funding round from Interchain Foundation, Binance Labs Fund, Maven 11 Capital, KR1 plc, Divergence, P2P Capital.

Celestia is a stripped-down layer 1 blockchain that focuses solely on ordering transactions and making the data for transactions available. The blockchain does not handle smart contracts or perform computations. Instead, these are functions Celestia’s model outsources to rollups or other blockchains, a core component of its flexible, modular design.

Lumerin raised undisclosed amount in a Seed funding round from Outlier Ventures*, NxGen*.

Lumerin is a decentralized peer-to-peer blockchain network that serves as both a marketplace and a protocol for trading Bitcoin hashpower. The platform enables users to buy, sell, and route hashpower in a low-cost, decentralized manner, addressing issues related to mining centralization by fostering a trustless and open network governed by smart contracts. Lumerin also functions as a protocol allowing the effective exchange, rerouting, and redirection of hashrate, providing users with provable ownership and control over mining devices' hashpower without the need for physical possession.

Other investment rounds

Ethernity Chain raised $275K in a Public sale  funding round from .

Ethernity Chain is a community-oriented platform that produces limited edition authenticated NFTs and trading cards created by your favorite artists and endorsed by notable figures.

zkSync raised $6M in a Series A  funding round from Union Square Ventures (USV)*, Dragonfly Capital, 1kx, Placeholder, Coinbase Ventures.

zkSync is a trustless protocol for scalable low-cost payments on Ethereum, powered by zkRollup technology.

* fund, that lead investment round

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