Crypto Fundraising weekly
Dates: 04 – 10, Aug 2024

This week's biggest funding round

Andrena raised $18M in a Series A funding round from Dragonfly Capital*, CMT Digital, Castle Island Ventures, Wintermute, 6th Man Ventures (6MV), ParaFi Capital.

Andrena is a decentralized wireless internet provider aiming to revolutionize broadband access through blockchain technology. By leveraging the Solana blockchain, Andrena provides a cost-effective and efficient solution for delivering high-speed internet to underserved and remote areas. The platform employs a decentralized infrastructure where users can contribute bandwidth and earn rewards, ensuring wider internet coverage and reliability.

Pre-seed and Seed investment rounds

Vessel raised $10M in a Seed funding round from Sequoia Capital, Avalanche Foundation, Algorand Foundation, Folius Ventures, Incuba Alpha, IMO Ventures, Sandy Peng, Ye Zhang.

Vessel is a Zero-Knowledge (ZK) powered decentralized exchange that aims to revolutionize DeFi trading. By combining the efficiency and user-friendliness of centralized exchanges with the transparency and security of decentralized platforms, Vessel provides a robust trading experience. The platform utilizes ZK technology to ensure privacy and security in transactions, enabling trustless trading with enhanced performance. Vessel’s innovative approach supports advanced order book functionalities and scalability, making it a key player in the evolution of decentralized finance.

Pentagon Games raised $6M in a Seed funding round from Animoca Brands, Binance Labs Fund, Symbolic Capital (ex Hyperedge Capital), NFX, Polygon, Republic, The Spartan Group, Tess Ventures, Yield Guild Games (YGG).

Pentagon Games is a pioneering platform that leverages Web3, AI, and XR Metaverse technologies to revolutionize game development, distribution, and experiences. As an official Polygon Validator, Pentagon Games provides a full stack of services to bring games into the Web3 ecosystem, including proprietary AI tools for development, launchpad and token economy advisory, and access to a network of partners and gamers. The platform aims to enhance game branding and offer immersive experiences, making it a hub for innovation in the gaming industry.

Nexio raised $2.2M in a Pre-seed funding round from Lattice Fund*, HTX Ventures (ex Huobi Ventures), Artichoke Capital, Morningstar Ventures, Sharding Capital, SNZ Holding, Sats Ventures, Wise3 Ventures, vVv dotnet, Santiago R. Santos, Paul Taylor.

Parallelized Bitcoin Rollup - low-cost DeFi environment using the most secure smart contract language on the most secure blockchain.

UniWorlds raised undisclosed amount in a Seed funding round from UniSat*.

UniWorlds creates an ecosystem of worldbuilding. We provide the infrastructure and toolkit for creating communities, games, and worlds on Bitcoin through fractal Bitcoin technology. By using this infrastructure and toolkit, users can autonomously build their own communities, games, and worlds, which would be natively inter-communicable. Some refer to this as the metaverse.

375ai raised $5M in a Seed funding round from 6th Man Ventures (6MV)*, Arca Fund, Escape Velocity, Primal Capital, Auros Global.

375ai is pioneering the world’s first decentralized edge data intelligence network. The platform leverages advanced AI and blockchain technology to enable real-time data collection, processing, and analysis at the edge. 375ai offers products like the 375edge node and 375go mobile app, which facilitate efficient, secure, and private data gathering. Users can participate in the network by deploying nodes, using the app, or staking tokens, all while earning rewards. 375ai aims to democratize data access, improve data privacy, and enhance decision-making through its scalable, AI-driven infrastructure.

Blockscout raised $3M in a Seed funding round from 1kx*, Primitive, Gnosis DAO, Alex Svanevik, Kartik Talwar, Anton Bukov, Stefan George.

Blockscout is an open-source blockchain explorer for Ethereum and EVM-compatible chains. It provides users with detailed information about transactions, addresses, blocks, and smart contracts on the blockchain. Blockscout features a user-friendly interface and robust search capabilities, enabling developers and users to easily explore and analyze blockchain data. The platform supports features such as token balances, transaction history, and contract verification, making it a valuable tool for anyone interacting with EVM-compatible blockchains.

Lync raised $1.5M in a Pre-seed funding round from Levitate Labs, Smape Capital, Amesten, Aptos Network, 8186 Capital, LongHashX Accelerator, Gabby Dizon.

Lync is a multi-chain gaming ecosystem providing key infrastructure for Tier 1 gaming studios and indie developers. The platform offers SDKs that integrate easily with game engines like Unity 3D and Unreal Engine, enabling developers to save significant time and costs on development and smart contract auditing. Lync supports cross-chain capabilities, ensuring games can operate seamlessly across multiple blockchain networks. With a strong Web3 community and partnerships, Lync aims to empower the future of gaming by onboarding the next wave of developers into the Web3 space.

DeAgentAI raised $6M in a Seed funding round from Web3com Ventures, Vertex Ventures, Waterdrip Capital, Tido Capital, GoPlus Security, Panony, CatcherVC.

DeAgentAI is pioneering the integration of AI with blockchain through the development of an intelligent neural network tailored for Web3. The platform focuses on creating an AI-native infrastructure using its proprietary Large Language Model (LLM) and Agent-Centric Index (AGI) system. This enables advanced user interaction by understanding and responding to endogenous intentions with high intelligence. DeAgentAI aims to revolutionize decentralized applications by enhancing efficiency, simplifying user experiences, and maintaining robust security, ultimately pushing the boundaries of what’s possible in the blockchain ecosystem.

Curio raised $5.7M in a Seed funding round from Bain Capital Crypto*, SevenX Ventures*, OKX Ventures (ex OKEx Blockdream Ventures).

Curio is a gaming studio focused on building foundational infrastructure for composable on-chain crypto games. The studio aims to unlock new types of games where players can co-create governance structures and economic systems, fostering creativity and innovation. Curio has shipped demos to thousands of users and is developing its first major title. The company prioritizes learning speed and offers competitive ownership to its team members. Curio is dedicated to pioneering new crypto infrastructure, including custom gaming rollups and scaling solutions.

Khalani Network raised $2.5M in a Seed funding round from Ethereal Ventures*, Nascent, Maelstrom, Figment Capital, Nick White, Arjun Bhuptani.

Khalani is a decentralized solver infrastructure designed to streamline and optimize intent-based applications in Web3 ecosystems. It offers a robust platform for managing and executing complex on-chain intents efficiently. Khalani leverages a network of solvers to provide scalable solutions, ensuring high-performance and secure operations for decentralized applications. By decentralizing the intent-solving process, Khalani enhances the reliability and transparency of Web3 services, fostering innovation and growth in the decentralized space.

Payman raised $3M in a Pre-seed funding round from Visa, Coinbase Ventures, BoostVC, The Spartan Group, Untapped Capital, Protofund.

Payman AI is an innovative platform that facilitates AI-to-human payments, enabling AI systems to pay people for completing tasks. This platform integrates seamlessly with AI agents, allowing them to assign tasks, manage payments, and receive human feedback efficiently. Payman supports multiple payment methods, including fiat and cryptocurrencies, ensuring broad accessibility. The platform’s marketplace connects AI with humans for tasks that require human intelligence, enhancing the overall performance and capabilities of AI systems while creating new opportunities for human workers.

Elmnts raised $2M in a Pre-seed funding round from Graph Ventures*, Foundation Capital*, B+J Studios*, Asymmetric fund, Anagram, Raj Gokal, Anatoly Yakovenko, Austin Federa, Autonomy Capital, MonkeVentures.

Elmnts (pronounced: elements) is a tokenized commodities ecosystem that simplifies the buying and selling of oil and gas royalties for modern investors. Utilizing blockchain technology, Elmnts makes real-world asset transactions more accessible, transparent, and efficient. Investors can now hold and trade commodities alongside their crypto and NFTs, benefiting from the enhanced security and transparency that blockchain provides. Elmnts aims to revolutionize commodity investing by integrating it seamlessly with the digital asset space.

Other investment rounds

Moonveil Entertainment raised $3.6M in a Series A  funding round from The Spartan Group*, gumi Cryptos Capital (gCC), Hashkey Capital, Animoca Ventures, Mask Network, Hivemind.

Moonveil Entertainment is a Cayman Islands-based Web3 game studio focused on creating a new gaming ecosystem that empowers players to own in-game assets and earn cryptocurrency rewards. They are developing games like Astrark and Project B, with a vision of meticulously tracking player contributions and identities through flexible, composable, and immutable means, utilizing tokenomics and NFTs to enhance the player's journey.

Quantlytica raised $1.1M in a  funding round from Polygon, Web3Port Labs, Eureka Partners, DWF Ventures, ZBS Capital, Aza Ventures, Gains Associates, Crypto Society.

Quantlytica is a decentralized liquidity distribution protocol that optimizes and automates the distribution of liquidity across decentralized exchanges (DEXs) and other DeFi platforms. The protocol leverages advanced algorithms and smart contracts to manage and balance liquidity pools, ensuring efficient asset distribution and minimizing slippage for traders. Quantlytica aims to enhance the overall liquidity infrastructure in the DeFi ecosystem, providing users with improved trading experiences and higher capital efficiency.

TONX raised $4M in a  funding round from SNZ Holding*, Summer Ventures*.

Tonx is an AI-powered platform designed to enhance customer engagement and support. By integrating advanced natural language processing and machine learning algorithms, Tonx enables businesses to automate and personalize customer interactions across various channels. The platform offers features such as intelligent chatbots, predictive analytics, and seamless integration with existing customer relationship management (CRM) systems. Tonx aims to improve customer satisfaction, reduce response times, and streamline operations, making it an essential tool for businesses looking to optimize their customer service processes.

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

Solayer is building a restaking network natively on Solana, leveraging Solana's economic security and premium execution to provide decentralized cloud infrastructure. This infrastructure enhances consensus and blockspace customization for application developers. Solayer's approach includes leveraging SOL's economic security to secure other systems and developing a shared validator network to extend Solana's security and infrastructure.

Zoth raised $4M in a Strategic  funding round from Taisu Ventures, G20 Group, DCI capital (Dutch Crypto Investors), Gydra Capital, XRPL Japan and Korea Fund.

Zoth offers a financial ecosystem that bridges the gap between lenders and borrowers by providing access to capital through decentralized finance (DeFi). It focuses on bringing real-world assets on-chain, offering high yield opportunities from emerging markets. The platform supports various financial instruments such as invoice factoring, asset leasing, and tokenized bonds, enhancing liquidity and reducing risk through robust risk mitigation strategies and insurance.

Cartridge raised $7.5M in a Series A  funding round from BITKRAFT Ventures*, Starkware, Fabric Ventures, Dune Ventures, Primitive, Ergodic Capital.

Cartridge.gg is a cutting-edge platform dedicated to revolutionizing the Web3 gaming experience. By integrating blockchain technology, Cartridge.gg offers a seamless and secure environment for gamers to discover, play, and monetize their gaming activities. The platform supports a wide array of games, providing players with opportunities to earn rewards and participate in decentralized tournaments. With an emphasis on community and innovation, Cartridge.gg aims to redefine the gaming landscape by bridging the gap between traditional gaming and the burgeoning Web3 ecosystem.

* fund, that lead investment round