Crypto Fundraising weekly
Dates: 04 – 10, Mar 2019

Summary

During this week 8 blockchain startups has raised $96.1M in funding:

Series A round: 2 startups $63.2M
Unknown round: 3 startups $25M
Public sale round: (1 startup) $4M
Seed round: (2 startups) $4M

$21.1M

$42.1M

$63.2M

Investments by ecosystem

This week's biggest funding round

Fnality International raised $63.2M in a Series A funding round from Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, Credit Suisse, ING, KBC Group, Lloyds Banking Group, MUFG Bank, Nasdaq Ventures, Sumitomo Mitsui Banking Corporation, State Street, UBS.

Fnality is a global consortium of banks developing a regulated payment system for tokenized assets, aiming to overcome the limitations of traditional payment systems in handling digital asset transactions. The platform, originally conceived as the Utility Settlement Coin (USC) Project, focuses on providing efficiency, scalability, and security for cross-border settlements, ultimately reducing counterparty risk. As a key player in enabling the growth and adoption of tokenized assets, Fnality addresses the challenges in financial markets through its innovative approach to distributed ledger technology.

Pre-seed and Seed investment rounds

Ligero Inc. (Ligerton) raised $1.2M in a Seed funding round from ConsenSys*.

Ligero Inc. offers a high-speed, scalable security and data privacy platform utilizing zero-knowledge proofs (ZKPs). Their Ligetron toolchain enables developers to build privacy-preserving applications with minimal technical expertise, supporting client-side proving directly in browsers and scaling effortlessly for Layer 2 and zkML applications. Ligero’s solutions cater to industries requiring robust security, privacy, and compliance, providing modular chains, decentralized identity verification, and verifiable computation without heavy hardware requirements.

Alto raised $2.8M in a Seed funding round from Sequoia Capital, Foundation Capital, Amplify.LA, First Check Ventures (FCV), Green D Ventures, Jacob Gibson.

Other investment rounds

PDAX raised undisclosed amount in a Series A funding round from ConsenSys*.

Philippine crypto exchange.

Hadean raised $10M in a funding round from Molten Ventures (ex Draper Esprit)*, Aster Capital, London Venture Partners (LVP), Luminous Ventures, Entrepreneur First.

Hadean is a metaverse infrastructure developer. It provides developers with the tools and infrastructure they need to build and deploy large-scale, immersive virtual worlds. It aims to enhance the accessibility and inclusivity of the metaverse and collaborates with partners to foster a more open and equitable virtual ecosystem.