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Crypto Fundraising weekly
Dates: 03 – 09, May 2021

Summary

During this week 31 blockchain startups has raised $306.7M in funding:

  • Unknown round: 16 startups $238.9M
  • Seed round: 7 startups $26.9M
  • Series B round:   (2 startups) $25M
  • Series A round:   (2 startups) $12.5M
  • Strategic round:   (1 startup) $3M
  • Public sale round:   (3 startups) $411.1K
0
$79.6M
$159.2M
$238.9M

Investments by ecosystem

This week's biggest funding round

NFTb raised $100M in a funding round from Binance Labs Fund.

NFTb is a premier marketplace for NFTs and digital goods.

Pre-seed and Seed investment rounds

Qredo raised $11M in a Seed funding round from Borderless Capital, Celsius, CMT Digital, Connect Ventures, Deribit, G1 Ventures, GSR Markets LTD, gumi Cryptos Capital (gCC), Kenetic, Kronos Research, Maven 11 Capital, 1kx, Quantstamp, Rarestone Capital, The Spartan Group, SVK Crypto, 3Commas, Wintermute.

Qredo is the first decentralised trustless MPC custodial network.

NFTify raised $2.1M in a Seed funding round from Icetea Labs*, Master Ventures, Moonrock Capital, Momentum 6 (M6), x21 Digital, Morningstar Ventures, AU21 Capital, Digital Finance Group (DFG), Exnetwork Capital, Lotus Capital, Titans Ventures, Spark Capital, Magnus Capital, DAO Maker, Inclusion Capital, Chain Capital, Vendetta Capital, Fomocraft Ventures, Blocksync Ventures, GD10 Ventures.

NFTify was created to provide one place to build an influential NFT marketplace and brand.

Solv Protocol raised $1M in a Seed funding round from The Spartan Group, AXIA8 Ventures, IOSG Ventures, Hashed, Krypital Group, Genesis Block Ventures Capital (GBV).

Solv Protocol is a decentralized platform bridging liquidity across DeFi, CeFi, and TradFi, offering diverse asset classes and yield opportunities in a secure and transparent manner. It enables global institutions and retail investors to access trusted crypto investments through a trustless fund infrastructure powered by ERC-3525.

Stratos raised $1.8M in a Seed funding round from Fundamental Labs, Kenetic, Fenbushi Capital, Spark Digital Capital, Bixin Ventures, SNZ Holding, Digital Finance Group (DFG), Nothing Research, Particle.

Stratos is the first decentralized data architecture that provides scalable, reliable, self-balanced storage, database and computation network.

Burnt (ex Burnt Finance) raised $3M in a Seed funding round from Injective, Multicoin Capital, Mechanism Capital, Alameda Research, Vessel Capital, Hashkey Capital, The Spartan Group, Do Kwon, Sandeep Nailwal, Solana Ventures.

Burnt is a Web3 developer working to advance financial and creative freedom, and they are developing XION, a layer-1 blockchain tailored for consumer adoption. XION aims to simplify Web3 for non-technical users by abstracting crypto complexities. XION uses $USDC as its primary transactional currency, ensuring security, stability, and familiarity in its ecosystem by eliminating bridging risks, price volatility.

Solpad Finance raised undisclosed amount in a Seed funding round from Black Mamba Ventures, Genblock Capital, AU21 Capital.

SolPad is a crowdfunding platform with support for Multi-chain IDO and guaranteed allocation for holders.

RTFKT raised $8M in a Seed funding round from Andreessen Horowitz (a16z crypto), Galaxy Digital, VaynerFund, Shrug Capital, Mantis VC (The Chainsmokers), LedgerStatus.

RTFKT is a developer of custom sneakers designed for video game enthusiasts. The company offers limited edition custom sneakers along with a unique virtual versions for users to try on and unlock special effects.

Other investment rounds

Moma Protocol raised $2.3M in a  funding round from Fundamental Labs*, SevenX Ventures*, AU21 Capital, Blocksync Ventures, Consensus Lab, Digital Finance Group (DFG), FBG Capital, Finlink Capital, Lotus Capital, Magnus Capital, Moonrock Capital, Moonwhale Ventures, Spark Digital Capital, Waterdrip Capital, x21 Digital, Zee Prime Capital.

Moma Protocol is a proprietary solution to meet the growing demands for liquidity, scalability and speculation in DeFi Lending Markets.

Freela raised $1.4M in a  funding round from AU21 Capital, P2 Ventures (Polygon Ventures), Kyros Ventures, Magnus Capital, HTX Ventures (ex Huobi Ventures), Lotus Capital, Poolz Finance, Titans Ventures.

Freela is a Defi powered and self governing DAO designed to act as a decentralised broad platform for freelancing transactions.

DappRadar raised $5M in a Series A  funding round from Prosus Ventures, Blockchain com (Blockchain Ventures).

DappRadar is a trusted source for Dapp data, tracking & trading everything DeFi, NFT, and gaming

CryptoQuant raised $3M in a Strategic  funding round from Hashed*, Galaxy Interactive, Mirae Asset, Youbi Capital.

CryptoQuant is a data analytics platform offering market data, on-chain data, and short/long-term indicators for Bitcoin, Ethereum, Stablecoins, and ERC20 tokens to assist cryptocurrency investors and stakeholders in making data-driven decisions and reduce investment risks.

The Dapp List raised $1.7M in a  funding round from Coin Merge Strategy (CMS), LD Capital, AU21 Capital, Bitscale Capital, Double Peak Group.

The Dapp List is manifesting a multichain ecosystem for curating the Web3 adoption.

Knit Finance raised $1M in a  funding round from DAO Maker, AU21 Capital, Momentum 6 (M6), LD Capital, x21 Digital, Lotus Capital, Master Ventures, Orion Protocol, Nabais Capital.

Knit Finance is the first wrapped protocol for creating cross-chain wrappers for the top multi-class assets on Polkadot.

Bitski raised $19M in a  funding round from Andreessen Horowitz (a16z crypto), Kindred Ventures, Galaxy Digital, Jay Z, MrBeast, Justin “3LAU” Blau.

Bitski is the NFT Wallet for Everyone.

Friends With Benefits (FBW) raised $700K in a  funding round from Divergence, Variant Fund, Collab+Currency, Nascent, THE LAO, MetaCartel Ventures, Galaxy Interactive, Polychain Capital.

Friends With Benefits (FWB) is a global community of cultural creators, thinkers, and builders in the web3 space, collaborating both digitally and in person to shape the future of Web3. Through holding $FWB tokens, members collectively fund and govern community initiatives, establishing a unique intersection between technology and culture communities. FWB is a multifaceted social network, combining online and offline experiences, and is now supported by the newly formed Scene Infrastructure Company (SIC) to explore novel ways of connecting physical and digital experiences within Web3 ecosystems.

Element raised $11.5M in a  funding round from SIG DTI (a Susquehanna International Group Company), Dragonfly Capital.

Element is the first community-driven aggregated NFT marketplace.

Bitpanda (ex Trustology) raised $10M in a Series B  funding round from Jump Capital*, Wintermute*, LeadBlock Partners.

Bitpanda is a European neobroker on a mission to democratize the complex world of investing.

Gopax raised undisclosed amount in a  funding round from Digital Currency Group (DCG).

GOPAX is a leading South Korean fast and reliable virtual asset exchange operated by Streamy Co., Ltd.​​

Upshot raised $7.5M in a Series A  funding round from Framework Ventures, CoinFund, Blockchain Capital.

Upshot is a blockchain-based protocol providing industry-leading non-fungible token (NFT) appraisals.

Formation Fi raised $3.3M in a  funding round from Bancor Network, Synthetix, P2 Ventures (Polygon Ventures), Kenetic, AU21 Capital, Spark Digital Capital, Huobi Global, Moonwhale Ventures, Genesis Block Ventures Capital (GBV), Kosmos Ventures, Shima Capital, Blocksync Ventures, Cinchblock, Faculty Capital, Magnus Capital, Lotus Capital, Autonomy Capital, Momentum 6 (M6), GD10 Ventures, Raptor Capital, Exnetwork Capital, x21 Digital, Genblock Capital, Titans Ventures.

Formation Fi is a DeFi project aiming to take token farming to the next level through a high risk scoring strategy.

Coin Metrics raised $15M in a Series B  funding round from Goldman Sachs*, Castle Island Ventures, Fidelity Management and Research Company, Avon Ventures, Collab+Currency, BlockFi, Acrew Capital, Highland Capital Partners, Communitas Capital Partners, Morningside, Warburg Serres.

Coin Metrics is the leading provider of crypto financial intelligence that provides network data, market data, indexes and network risk solutions to the most prestigious institutions touching cryptoassets.

Showtime raised $7.6M in a  funding round from Paradigm, Justin “3LAU” Blau.

Showtime is the NFT social network.

Lido Finance raised $73M in a  funding round from Paradigm*, Coinbase Ventures, Three Arrows Capital, Jump Trading, Alameda Research, Digital Currency Group (DCG).

Lido is a "liquid" Eth2 staking protocol, meaning it allows users to unlock staked ETH and use it in various DeFi applications to earn yield.

Kally (ex Polkally) raised $700K in a  funding round from Exnetwork Capital, Bigcoin Capital, Titans Ventures, Blocksync Ventures, Kyros Ventures, x21 Digital, SMO Capital, LVT Capital.

Kally is a cross-chain & user-friendly NFT marketplace.

TradeStars raised $240K in a Public sale  funding round from .

TradeStars is a Fantasy Sports platform where Fractional NFT markets enable a DeFi gamification system for trading digital assets.

CLV (ex Clover Finance) raised $65.5 in a Public sale  funding round from .

CLV is a foundational layer for cross-chain compatibility that is building a bridge between Ethereum and Polkadot.

Drops raised $1M in a  funding round from AXIA8 Ventures, Bitscale Capital, D64 Ventures, Blocksync Ventures, AU21 Capital, x21 Digital, Genblock Capital, Drops Ventures, Quantstamp, Kyros Ventures, Petrock Capital.

Drops integrates NFT assets into a wider DeFi ecosystem, through fractionalization protocol, dNFT.

Secret raised $11.5M in a  funding round from Arrington Capital, The Spartan Group, BlockTower Capital.

Secret Network is the first blockchain with privacy-preserving smart contracts. Applications built on Secret Network utilize encrypted data without exposing it to anyone, even the nodes in the network.

Legends of Crypto (LOC) raised $171K in a Public sale  funding round from .

LOC is a blockchain and DeFi powered game with yield-generating NFTs and a native marketplace. Collect, play, earn and have fun at the same time.

Media Industry Licensing Content (MILC) raised $4.2M in a  funding round from Tenzor Capital, x21 Digital, Master Ventures, Titans Ventures, Wings Ventures, Moonboots Capital, Peech Capital, Three M Capital, Sky Ventures.

The MILC Platform aims to provide the industry with a new open marketplace for every professional and non-professional content provider and buyer.

* fund, that lead investment round

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