Crypto Fundraising weekly
Dates: 03 – 09, Dec 2023

This week's biggest funding round

Swan Bitcoin raised $165M in a funding round from .

Swan Bitcoin is a financial services firm dedicated to facilitating long-term Bitcoin investment through a user-friendly platform. With automated savings plans and expert guidance, Swan simplifies the process of buying, selling, and managing Bitcoin. The platform prioritizes security and transparency, providing educational resources to empower users and make Bitcoin accessible to a broader audience.

Pre-seed and Seed investment rounds

Poglin raised $3M in a Seed funding round from Animoca Brands*, Infinity Ventures Crypto (IVC), FBG Capital, Big Time Games.

Poglin is an intellectual property that spans video games, anime, comics, and merchandise, offering a diverse and engaging experience. Founded by industry veterans with a track record of delivering products to millions of gamers, Poglin is a forward-looking game company based in Tokyo and San Francisco, dedicated to creating immersive gaming experiences.

Sindri Labs raised $5M in a Seed funding round from CoinFund*.

Sindri Labs is building a zero-knowledge infrastructure platform that simplifies access to hardware acceleration for Zero-Knowledge Proof (ZKP) generation through its API. Developers, including those in blockchain Layer 2s, zkML projects, and ZK researchers, benefit from Sindri's cloud infrastructure, providing high-performance, reliability, cost savings, and flexibility in integrating the latest proving schemes for diverse use cases.

Rhinestone raised undisclosed amount in a Pre-seed funding round from 1kx, Lattice Fund, Safe (ex Gnosis Safe), Heartcore Capital.

Rhinestone is a next-generation smart account ecosystem, emphasizing modularity, interoperability, and security. Developers can easily build and deploy custom functionalities through Rhinestone's standardized protocol, creating a more personalized and secure experience for wallet users. The platform supports interoperability with popular smart account solutions, fostering a collaborative and open-source approach.

Versatus Labs (ex VRRB Labs) raised $2.3M in a Seed funding round from NGC Ventures (NEO Global Capital), Republic Crypto, Hyperithm, MH Ventures.

Versatus Labs is a blockchain scaling startup that has shifted its focus from building a Layer 1 network to developing a "stateless rollup" called LASR for Ethereum. LASR aims to enhance scalability by settling only the essential data of transactions on the base layer, providing a layer-agnostic solution that can work with any layer or blockchain. The startup aims to reduce the cost and inefficiencies of Ethereum while delivering a superior developer experience.

Sona raised $6.9M in a Seed funding round from Polychain Capital, HAUN Ventures, Rogue Capital.

Sona is a Web3 streaming protocol revolutionizing the music industry by prioritizing artist compensation and fan engagement. With a unique rewards model, auctions, and ad-free streaming, Sona's innovative approach empowers artists, fosters a closer connection with fans, and creates a fairer and more sustainable music ecosystem.

Shadow raised $9M in a Seed funding round from Paradigm*, Coinbase Ventures, Electric Capital, Ethereum Foundation, Uniswap Labs Ventures, Flashbots.

Shadow is a crypto data platform startup focused on reducing engineering time and costs for advanced on-chain data indexing and analytics, particularly on Ethereum. Its platform allows users to augment smart contracts with custom event logs and view functions, enabling gasless interactions and providing tools for efficient data indexing and analytics on the blockchain.

Curvance raised $3.6M in a Seed funding round from Offchain Labs, Wormhole, Redacted, FRAX Finance, Alchemix, 369 Capital, Dewhales Capital, Castle Capital, Homeless Ventures, Proof Capital, OneSixtyTwo Digital, Nayt Technologies, Midcurve, Spiral DAO, Millennium Club, Sandeep Nailwal, Coinflipcanada.

Curvance is a decentralized finance (DeFi) platform that facilitates stablecoin deposits, earnings, and borrowing, aiming to address fragmentation across chains and protocols. The protocol supports various Layer 2 solutions and decentralized exchanges, providing users with opportunities to optimize yield and maximize capital efficiency in the DeFi ecosystem. Curvance's adaptive rate model, flexible borrowing options, and commitment to compliance contribute to its role in shaping the future of stablecoin utilization within decentralized finance.

Candlestick raised $1.2M in a Pre-seed funding round from BoostVC*, Alliance DAO (ex DeFi Alliance)*, WAGMI Ventures, Orange DAO.

Candlestick is a crypto opportunity radar offering actionable trading signals and predictions for alpha traders. Analyzing data from over 40 DEXs, it empowers investors with comprehensive on-chain analytics, tracking smart money trades, insider activity, and token liquidity to uncover market trends and opportunities, providing a user-friendly interface for both novice and experienced investors.

Other investment rounds

Mocaverse raised $11.9M in a  funding round from Block.one, OKX Ventures (ex OKEx Blockdream Ventures), Foresight Ventures, Polygon Ventures, Dapper Labs.

Mocaverse is a gamified metaverse product of Animoca Brands featuring unique Moca beings that users can collect, play with, and trade as NFTs. Users can explore the Mocaverse, participate in challenges, customize their Moca beings, and contribute to its development through governance participation.

Babylon raised $18M in a Series A  funding round from Polychain Capital*, Hack VC*, Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures (ex OKEx Blockdream Ventures), Finality Capital, Breyer Capital, Symbolic Capital (ex Hyperedge Capital), IOSG Ventures, Web3.com Ventures, GeekCartel, Chainfund Capital, Cluster Capital, L2 Iterative Ventures (L2IV), ABCDE Capital, Dovey Wan, Sandeep Nailwal.

Babylon is a Bitcoin staking infrastructure project pioneering a Bitcoin staking protocol to enhance the security of Proof of Stake (PoS) networks and decentralized applications (DApps). This innovative protocol enables Bitcoin holders to stake their assets, earning rewards and reinforcing the security of PoS chains and DApps.

StarryNift raised undisclosed amount in a  funding round from OKX Ventures (ex OKEx Blockdream Ventures)*.

StarryNift is the first gamified massive co-creation Web 3.0 platform and launchpad for fun digital collectibles integrated with metaverse in the confluence of multiple worldviews.

MAP Protocol raised undisclosed amount in a Strategic  funding round from Waterdrip Capital*.

MAP Protocol is a Bitcoin layer-2 solution and interoperable omnichain infrastructure that revolutionizes cross-chain communication. Leveraging light clients and zero-knowledge technology, MAP enables trustless, peer-to-peer interaction between blockchain networks, empowering developers to build dApps spanning multiple blockchains for a unified Web3 ecosystem.

SYMMIO raised $1.1M in a  funding round from 0x_Messi*, MS2 Capital, Jordi Alexander, Wangarian, Gmoney, Ivan Brightly, Pool 2 Paulie.

SYMMIO transforms OTC derivatives trading with Symmetrical Contracts, a trustless and permissionless blockchain solution. Its intent-centric architecture and peer-to-peer model ensure equal treatment for liquidity providers and traders, offering a hyper-efficient and secure digitalized derivatives trading experience.

Carv raised undisclosed amount in a Strategic  funding round from Hashkey Capital*.

Carv is a Web3 identity startup that is developing a wed3 ID solution that combines web2 and web3 gaming data to create unique user IDs.

QANplatform raised $15M in a  funding round from MBK Holding*.

QANplatform is a quantum-resistant Layer 1 hybrid blockchain that enables the development of various decentralized solutions, including smart contracts, DApps, DeFi, NFTs, and tokens, using any programming language. The platform prioritizes fast adoption by integrating with widely used technologies, cloud platforms, and existing programming languages. QANplatform is Ethereum EVM compatible, allowing seamless migration of projects from Ethereum to its quantum-resistant infrastructure.

Pyth Network raised undisclosed amount in a Strategic  funding round from Castle Island Ventures, Multicoin Capital, Wintermute, Borderless Capital, CMT Digital, Bodhi Ventures, Distributed Global, Delphi Digital.

Pyth Network is a price oracle solution that leverages blockchain technology to provide valuable financial market data on-chain for projects, protocols, and the wider public. With over 70 trusted data providers, the network aggregates first-party price data, ensuring accuracy and reliability. Pyth incentivizes continuous price updates and aims to bring this data to decentralized finance (DeFi) applications, enhancing transparency and accessibility in the financial ecosystem.

Babylon raised undisclosed amount in a  funding round from ABCDE Capital*.

Babylon is a Bitcoin staking infrastructure project pioneering a Bitcoin staking protocol to enhance the security of Proof of Stake (PoS) networks and decentralized applications (DApps). This innovative protocol enables Bitcoin holders to stake their assets, earning rewards and reinforcing the security of PoS chains and DApps.

Ten (ex Obscuro) raised $7.5M in a  funding round from Republic Capital (ex Republic Labs), KuCoin Labs, R3, Big Brain Holdings, One Block Capital Advisory, Magnus Capital, Builder Capital, DWF Labs, Cryptopia VC, Insignius Capital, Token Metrics Ventures, Pragma Ventures, GTS Ventures, vVv fund, TPC Club (The presale club), Cogitent Ventures, BeGlobal.

Ten is a layer 2 solution for Ethereum, providing privacy and scalability through programmable encryption, allowing developers to decide the level of privacy for inputs, contract states, and executions. Incubated by global enterprise software firm R3, Ten stands out for its speed, affordability, seamless integration with existing Ethereum tools, and the unique feature of eliminating negative Maximal Extractable Value (MEV) across decentralized applications (dApps).

Endless Clouds (Treeverse) raised $2.5M in a  funding round from Animoca Brands, Momentum 6 (M6), Citizen Capital, GameFi Ventures, SkyVision Capital, 2PunksCapital, Rocinante Research, Open Market Group (OMG), Narcissus Ventures, Gabby Dizon.

Endless Clouds is a game development studio known for creating Treeverse, Capsule Heroes, and Timeless. Treeverse, one of their flagship projects, is a pixel-themed metaverse MMORPG that emphasizes player socialization, resource gathering, progression, and dungeon-based combat.

Inspect raised undisclosed amount in a Strategic  funding round from Merit Circle, Beam.

Inspect is an on-chain analytics platform providing real-time insights for tokens, NFTs, and traders, facilitating informed decision-making in the dynamic crypto landscape. With customizable dashboards and powerful search tools, it empowers users to track metrics, identify trends, and uncover hidden patterns within blockchain data.

* fund, that lead investment round