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Crypto Fundraising weekly
Dates: 05 – 11, Jul 2021

Summary

During this week 18 blockchain startups has raised $152.3M in funding:

  • Unknown round: 3 startups $69.2M
  • Series A round: 3 startups $33.7M
  • Seed round: 7 startups $25.9M
  • Public sale round: 2 startups $20.1M
  • Strategic round:   (3 startups) $3.4M
0
$23.1M
$46.1M
$69.2M

Investments by ecosystem

This week's biggest funding round

Eco raised $60M in a funding round from L Catterton, Activant Capital, Andreessen Horowitz (a16z crypto), Lightspeed, Valor Capital Group, LionTree.

Eco refers to a digital wallet that offers various financial services, including spending, sending, saving, and earning money. It allows users to earn annual interest on their deposits and receive cashback rewards on spending at partner merchants like Amazon and Uber. Eco partners with regulated cryptocurrency custodians and prime lenders to lend out unused funds, and a portion of the interest earned is passed on to users as APY rewards.

Pre-seed and Seed investment rounds

Single.Earth raised $7.9M in a Seed funding round from EQT Ventures, Icebreaker, Ragnar Sass, Martin Henk.

Single.Earth is a nature-backed financial system.

Nutbox raised undisclosed amount in a Seed funding round from Waterdrip Capital.

Nutbox is a one-stop cross-chain staking economy and DAO platform, as well as a diversified project combining built-in ‘social + DeFi’ functions.

NFT Oasis raised $4.4M in a Seed funding round from Lemniscap, CitizenX Crypto Ventures, Delphi Digital, Flamingo, ID Theory, Koji Capital, Intellectus Partners, Mechanism Capital, THE LAO.

NFT Oasis is a platform that fuels the decentralized creator economy — combining non-fungible tokens (NFTs), virtual reality (VR), and decentralized finance (DeFi) in an ecosystem to give artists more creative freedom, business control, and financial success.

Lithium Finance raised $2.6M in a Seed funding round from Pantera Capital*, Hashed*, Alameda Research, Vessel Capital, HTX Ventures (ex Huobi Ventures), Shima Capital, NGC Ventures (NEO Global Capital), Astronaut Capital, FBG Capital, Arche Fund (Coin98 Ventures), Petrock Capital, LongHash Ventures, Gate Labs, Vendetta Capital, Kyros Ventures, Genesis Block Ventures Capital (GBV), AU21 Capital, Divergence, Autonomy Capital, Gains Associates, Soul Capital, ZBS Capital, Ellipti, The DuckDao.

Lithium Finance is the first decentralized data oracle solution that uses collective intelligence to regularly price illiquid assets.

Chintai raised $7.5M in a Seed funding round from Block.one*, Cryptology AG, PEER Venture Partners, Chimera Wealth, Collective Capital.

Chintai is a Singapore-based Blockchain Platform-as-a-Service (BPaaS) company that empowers financial institutions to issue, manage, and trade digital assets securely and compliantly. It offers blockchain solutions, including asset issuance, asset management, and asset trading, making capital markets more accessible and efficient.

DressX raised $2M in a Seed funding round from The Artemis Fund*, Alpha Edison*, Unlock Venture Partners, One Way Ventures, TLF Ventures, Startup Mavericks, Signal Peak Ventures.

DressX is a fashion startup that offers digital-only collections from brands and 3D designers to wear in their photos and videos on digital platforms. They have delved into web3 by establishing their own NFT marketplace and partnering with Crypto.com. The NFTs sold on their marketplace can be worn digitally in augmented reality via the DressX app or used as skins in metaverse games.

Tranchess raised $1.5M in a Seed funding round from Three Arrows Capital, The Spartan Group, Binance Labs Fund, LongHash Ventures, IMO Ventures.

Tranchess is a tokenized asset management and derivatives trading protocol, which is inspired by tranche funds that cater to different class of investors with varying risk appetites.

Other investment rounds

WiV Technology raised $1.5M in a  funding round from RedCave Ventures, 1010 Capital, StableNode.

WiV Technology is a blockchain-based unique asset technology designed for wine producers and merchants. WIVA token is turning fine wine into NFTs that are being traded through its fintech platform.

Beta Finance raised undisclosed amount in a Strategic  funding round from The Spartan Group, ParaFi Capital, Multicoin Capital, DeFiance Capital, Delphi Digital.

Beta Finance is a cross-chain permissionless money market protocol for lending, borrowing, and shorting crypto.

Qredo raised $20M in a Public sale  funding round from .

Qredo is the first decentralised trustless MPC custodial network.

Coincover raised $9.2M in a Series A  funding round from Element Ventures, DRW Venture Capital, CMT Digital, Avon Ventures, Valor Capital Group, FinTech Collective, SIG DTI (a Susquehanna International Group Company), Volt Capital, The Lifelong Learning Platform (LLLP).

Coincover - the platform providing cryptocurrency cover and recovery services.

Hi Dollar raised undisclosed amount in a Strategic  funding round from Hashkey Capital, Hashed, Longling Capital.

Hi is a Web3 payments application and protocol aiming to democratize blockchain technology and provide a range of mobile and online financial services to eligible users. It operates as an all-in-one exchange, allowing users to trade various cryptocurrencies and retain complete control of their money. The network is licensed as a Virtual Asset Service Provider by the Estonian FIU, ensuring compliance and security for users.

Lemon Cash raised $16.3M in a Series A  funding round from Kingsway Capital, Draper Associates, Valor Capital Group, Cadenza, Draper Cygnus, Coinbase Ventures, Grupo Supervielle.

Argentina-based crypto exchange.

Zerion raised $8.2M in a Series A  funding round from Mosaic Ventures, Placeholder, Digital Currency Group (DCG), Lightspeed, Blockchain Capital, Blockchain com (Blockchain Ventures).

Zerion is a decentralized finance platform that allows technical and non-technical users to acquire, track and manage DeFi assets.

Moma Protocol raised $125K in a Public sale  funding round from .

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

Index Cooperative raised $7.7M in a  funding round from Galaxy Digital*, 1kx*, Set Labs, DeFi Pulse.

Index Coop is a decentralized crypto asset manager, community-led initiative focused on enabling the creation and adoption of crypto index primitives. This DAO behind tokens like DeFi Pulse Index (DPI).

Solrise Finance raised $3.4M in a Strategic  funding round from Alameda Research, Delphi Digital, Coin Merge Strategy (CMS), Jump Capital, ParaFi Capital, Alliance DAO (ex DeFi Alliance), Reciprocal Ventures, SkyVision Capital.

Solrise Finance is a Solana-based protocol for decentralized, non-custodial asset management.

* fund, that lead investment round

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