Crypto Fundraising weekly
Dates: 02 – 08, Jun 2024

This week's biggest funding round

Bitstamp raised $200M in a M&A funding round from Robinhood.

Bitstamp is a trusted global crypto exchange offering a secure platform for exchanging traditional currencies for top cryptocurrencies since 2011, serving over four million individuals and institutions worldwide. With a commitment to security, transparency, and regulation, Bitstamp ensures that customers, whether new to crypto or seasoned traders, receive customer-first support and have full control over their assets.

Pre-seed and Seed investment rounds

Glacier Labs raised $8M in a Seed funding round from Foresight X, UOB Venture Management, Laser Digital, KuCoin Ventures, Signum Capital, Cogitent Ventures, Gate Labs, Candaq Fintech Group, Open Digital Infrastructure Group (ODIG), Mask Network, Dewhales Capital, DCI capital (Dutch Crypto Investors), Polkastarter, FounderHeads VC, Contribution Capital, Aza Ventures, PermaDAO, Berkeley Blockchain Xcelerator, Aptos Network.

Glacier Network is a Layer-2 rollup network facilitating decentralized application (DApp) development and interaction. It provides a comprehensive ecosystem with features like Data configuration for granular control, complete data ownership, and seamless integration of decentralized databases (DDB) through its native Smart-Contract ecosystem. Glacier Network empowers users to manage data usage for financial gain, making it a promising platform for building and scaling Web3 applications with programmable data composability solutions.

Halo Wallet (ex KuCoin Wallet) raised $3M in a Seed funding round from IDG Capital, KuCoin Ventures, Hashkey Capital, Cyberport Hong Kong.

Halo Wallet is a secure and user-friendly cryptocurrency wallet that allows users to manage their assets and gain insights into investment opportunities through social media on the Web3 platform. The wallet supports multi-chain aggregation and has leading security technology, allowing users to have full control over their assets. The wallet also plans to integrate various social media protocols and gradually transition governance rights to the community using a DAO model.

Riema Labs (Nubit) raised $8M in a Seed funding round from Polychain Capital*, Nomad Capital, dao5 (daofive), The Spartan Group, Primitive, OKX Ventures (ex OKEx Blockdream Ventures), L2 Iterative Ventures (L2IV), GeekCartel, Symbolic Capital (ex Hyperedge Capital), Big Brain Holdings, Global Coin Research (GCR), Protagonist, Gate Ventures, Animoca Ventures, Mask Network.

Riema Labs is a pioneering entity in the Bitcoin ecosystem, renowned for its innovative data availability layer designed to significantly reduce transaction costs. The startup’s innovative product is Nubit, the first-ever Bitcoin-native data availability layer, which leverages advanced techniques such as native staking and decentralized bridging to enhance data throughput, reduce storage costs, and improve accessibility on the Bitcoin network.

Other investment rounds

The Sandbox raised $20M in a  funding round from Kingsway Capital*, Animoca Brands*, LG Technology Ventures, True Global Ventures.

The Sandbox is a virtual system where players can grow, own, and monetize their gaming experiences in the Ethereum blockchain using token SAND

XOCIETY raised $7.5M in a Series A  funding round from Hashed*, Sui Network*, The Spartan Group, Neoclassic Capital, Big Brain Holdings, Arena-Z, Yield Guild Games (YGG), BreederDAO, Krafton, Mozaik Capital, Taisu Ventures, A41, Avocado Guild, Liquid X Ventures, Good Games Guild, Cristian Manea.

XOCIETY is a gaming metaverse blending science fiction and fantasy elements into a unique MMORPG and third-person shooter hybrid, where players actively engage, own avatars, and acquire NFT land. With robust tokenomics and a creator economy, players can shape the virtual world's future while earning rewards.

Mountain Protocol raised $8M in a Series A  funding round from Multicoin Capital*, Castle Island Ventures, Coinbase Ventures, Bankless Ventures, Department of XYZ, Borderless Capital, Aptos Network, Cross-Chain Ecosystem Fund.

Mountain Protocol is a decentralized network enabling users to borrow and lend money without traditional financial intermediaries. Users can borrow funds by collateralizing assets like cryptocurrency or NFTs, with loan amounts determined by collateral value, and lenders earn interest based on network supply and demand.

Odysee raised undisclosed amount in a M&A  funding round from Forward Research.

Odyssee is a Web3 video sharing platform with a focus on anti-censorship, boasting over 7 million monthly active users. Unlike centralized platforms like YouTube, Odysee's decentralized nature promotes free and open discourse, allowing users to share various media types, including images, articles, PDFs, and audio files, alongside videos.

Folks Finance raised undisclosed amount in a  funding round from Danu Ventures.

Folks Finance is a non-custodial DeFi protocol providing financial tools for digital assets. Smart-contract technology empowers Folks Finance to offer advanced strategies while eliminating risks of centralized interference. Users can deposit assets to earn yield, as well as use their deposits as collateral for loans. Integration of the Folks Router DEX aggregator enables native swaps on the protocol and composability with the other operations. Flash loans give developers the keys to deep liquidity. Algo Liquid Governance and Cross-chain Algo Liquid Governance provide the most efficient method of participating in Algorand Governance through gALGO and xALGO, whose use cases continue to expand rapidly.

M^0 raised $35M in a Series A  funding round from Bain Capital Crypto*, Galaxy Digital, Wintermute, GSR Markets LTD, Caladan, SCB 10X.

M^0 is a decentralized money middleware protocol designed for the digital age. It allows multiple institutional actors to issue a fungible cryptodollar, leveraging best-in-class collateral such as short-term US treasuries. The protocol ensures security and transparency through independent, daily, on-chain validation of reserves. M^0 aims to democratize access to money issuance infrastructure, enabling institutions to mint cryptodollars while adhering to jurisdictional requirements and enhancing liquidity in demanding markets.

XREX raised $18.8M in a  funding round from Tether.

XREX is a blockchain-powered financial institution collaborating with banks, regulators, and users to transform banking. It provides enterprise-grade banking for SMBs in emerging markets and user-friendly financial services globally. With licenses acquired since its founding in 2018, XREX offers a comprehensive range of services including digital asset custody, cross-border payments, and cryptocurrency exchange.

Tap Protocol (Trac Systems) raised $5.6M in a Public sale  funding round from .

Trac Systems is a company specializes in Blockchain technology, creating innovative products like Trac Core, Tap Protocol, and Pipe. Tap Protocol, a leading developer community building on Bitcoin, offers functionalities such as the fractionalization of Ordinals art and decentralized finance applications on Ordinals, emphasizing versatility in design, including gaming applications, token redemption, and multisend capabilities.

Taiko raised $4M in a Public sale  funding round from .

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.

GoPlus Security raised $10M in a Private  funding round from OKX Ventures (ex OKEx Blockdream Ventures), Hashkey Capital, Fenbushi Capital, Web3Port Labs, Redpoint, Animoca Brands, Quantstamp, Undefined Labs, 7UpDAO, Ash Crypto, Richard Ma, Presto Labs.

GoPlus Security is a blockchain-driven security solution that collaborates with banks, regulators, and users to redefine banking experiences. By offering enterprise-grade banking to SMBs and user-friendly financial services globally, GoPlus aims to streamline user security across the entire transaction lifecycle. Leveraging decentralized networks and cutting-edge AI, GoPlus conducts thorough risk analysis and delivers smart, efficient security services, striving to create a more secure and user-friendly Web3 environment.

Mythical Games raised undisclosed amount in a  funding round from Find Satoshi Lab.

Mythical Games is a giant Web3 video game development studio known for creating popular games such as NFL Rivals and Blankos Block Party, which were released on the Epic Games Store. They are building a Web3 gaming ecosystem that utilizes blockchain and playable NFTs, allowing players, creators, artists, brands, and developers to actively participate and benefit from "play and earn" game economies.

Avail raised $43M in a Series A  funding round from Founders fund*, Dragonfly Capital*, Cyber Fund*, SevenX Ventures, Figment Capital, Nomad Capital, Chapter One, Foresight Ventures, Mirana Ventures, KR1 plc, Alliance DAO (ex DeFi Alliance), Hashkey Capital, LocalGlobe, Superscrypt, RW3 Ventures, Elixir Capital, Altos Ventures, Spark Digital Capital, LongHash Ventures.

Avail is an Ethereum Data Network focused on data availability, featuring a modular technology stack to accelerate Web3 unification. With layers including Data Availability (DA), Nexus, and Fusion, Avail aims to dissolve market fragmentation, providing a unified, secure, and scalable platform that connects various blockchain ecosystems, offering a cohesive experience for users and developers. The platform utilizes validity proofs, zero-knowledge proof-based coordination rollups, and Fusion Security to enhance cryptoeconomic security, bridging the gap between different tokens and creating a more integrated and efficient blockchain ecosystem.

Stashh Labs raised $3.3M in a  funding round from Animoca Ventures, 6th Man Ventures (6MV), Shima Capital, Hashkey Capital.

Stashh Labs launched Stashh 2.0, the second iteration of its SoFi-focused omnichain hub for NFTs. The new marketplace supports encrypted NFTs and offers numerous new use cases for creators and collectors. These include unlockable on-chain private content, access control, identity management, and unwrappable collectibles.

Cookie3 raised $5.5M in a  funding round from The Spartan Group*, Animoca Brands*, Mapleblock Capital, CMT Digital, GSR Markets LTD, ChainGPT, Hartmann Capital, Polkastarter, Orange DAO, Big Brain Holdings, Castrum Capital, Baboon VC, LD Capital, Dewhales Capital, Oddiyana Ventures, Sebastien Borget, Miko Matsumura.

Cookie3 pioneers MarketingFi with an AI Data Layer— a transparent marketing economy unlocking value for Web3 users, creators, and businesses, with over 170 dapps. Cookie3 is building a set of MarketingFi platforms and Web3 AI marketing solutions that connect projects with the right audiences, creating profitable opportunities for both.

Fhenix raised $15M in a Series A  funding round from Hack VC*, dao5 (daofive), Amber Group, Primitive, GSR Markets LTD, Collider Ventures.

Fhenix is a blockchain platform that pioneers Fully Homomorphic Encryption (FHE) to enable confidential smart contracts on public blockchains like Ethereum. FHE, a cutting-edge encryption technology, allows computations on encrypted data without decryption, ensuring transaction inputs and states remain encrypted throughout the process.

Toposware raised undisclosed amount in a M&A  funding round from Polygon.

Toposware is an innovative research and engineering company focused on creating disruptive technology for a decentralized and trustless future. They emphasize solving complex problems in cryptography and distributed systems to advance open internet standards, and their work enables a new generation of multi-chain protocols and interoperable blockchain networks.

Milady raised $5M in a  funding round from DWF Labs.

Milady is a popular NFT project known for its meme style and strong community engagement. Milady NFTs are celebrated for their unique artistic style and cultural impact within the digital art and cryptocurrency communities. Milady NFT collection's meme coin, LADYS, is a self-organized digital currency representing karma, charm, beauty, and clout.

* fund, that lead investment round