Crypto Fundraising weekly
Dates: 05 – 11, Nov 2023

This week's biggest funding round

Ritual raised $25M in a Series A funding round from Archetype*, Accomplice Blockchain, Robot Ventures, dao5 (daofive), Anagram, Hack VC, Accel, Dialectic, Hypersphere, Avra, Balaji Srinivasan.

Ritual is a decentralized AI compute platform with a mission to decentralize access to AI infrastructure and empower a wider range of participants. They aim to create an incentivized network that connects distributed computing devices for hosting, sharing, inference, fine-tuning AI models, and ensuring privacy and censorship resistance.

Pre-seed and Seed investment rounds

Mogul Club raised $3.6M in a Seed funding round from AY Ventures*, Draper Associates, Draper B1 (ex BBooster), InterVest, Draper Dragon, Blizzard.

Mogul Club is a blockchain-based property investment platform with a revenue model incorporating fixed fees on property occupancy and leasing. It democratizes real estate investing, enabling users to invest in individual properties or portfolios with low entry points, starting at $100. Mogul Club provides essential tools and resources for informed decision-making, offering features such as detailed property analysis and market insights.

Ingonyama raised $20M in a Seed funding round from Walden Catalyst*, Samsung Next, Geometry, BlueYard Capital, Starkware.

Ingonyama is a semiconductor collective designing accelerators for advanced cryptography, with a focus on Zero Knowledge Proofs (ZKPs). Their mission is to lead in providing the foundation for applications requiring ZK performance, enhancing speed and scale. The company is developing hardware accelerators for ZKPs to significantly improve their performance and scalability, expanding the applications of this cryptographic technique.

Moflix Group raised $3.1M in a Seed funding round from The Hashgraph Association (THA)*.

Moflix Group is a decentralized entertainment platform leveraging blockchain to create transparency and equity for creators, viewers, and distributors. It aims to revolutionize video content consumption, offering features like a decentralized streaming service, a creator marketplace, and a community forum. Their Web3 initiatives include managing Web3 assets through a digital wallet and trusted digital identity credentials.

Citadel raised $3.3M in a Seed funding round from 1kx*, Shima Capital, Hashed, Matchbox DAO, ReadyPlayerDAO.

The Citadel is a decentralized Ethereum-based game platform where players explore a space-themed world, mine ore, and shape the game's rules and governance through community participation.

Authentick raised $4M in a Seed funding round from Menyala*.

Authentick launched of its digital NFT platform Authentickator that makes it easy for non-crypto users to buy, browse, and verify the authenticity of NFTs without the need for a crypto wallet. It partners with major online retailers like Lazada, TikTok, and Shopify to allow users to purchase NFTs using traditional payment methods.

Stackr Labs raised $5.5M in a Seed funding round from Archetype*, a16z Crypto Startup School (CSS), Lemniscap, Superscrypt, A Capital, The Spartan Group, Scalar Capital, EF Ecosystem Support Program, Devfolio, Sreeram Kannan, Anurag Arjun, Mustafa Al-Bassam, Arjun Bhuptani, Rahul Sethuram, Layne Haber, Lito Coen, Andrew Keys.

Stackr Labs is a blockchain technology company specializing in rollup development, particularly micro-rollups. These micro-rollups are designed to make it easier for developers to build scalable Web3 applications using Web2 programming languages. By focusing on modular and app-specific rollups, Stackr simplifies the process for developers to create efficient systems, removing constraints that exist in other Layer 2 solutions.

Definitive raised $4.1M in a Seed funding round from BlockTower Capital*, Nascent, Coinbase Ventures, Geometry, Robot Ventures, CMT Digital, Matrixport Ventures.

Definitive is a non-custodial execution platform and API for DeFi, providing smart contracts and automation services across various protocols. It offers advanced yield strategies and trade execution with optimal slippage and price impact. Definitive stands out with its non-custodial approach, automated low-latency engine, configurable positions, and auditable on-chain activity history for transparency and compliance in the DeFi space.

Due raised $3.3M in a Seed funding round from Semantic Ventures*, Fabric Ventures*, BlockTower Capital, Speedinvest, Polymorphic Capital, Discovery Ventures, Itamar Lesuisse, Pavel Karagjaur, Francesco Simoneschi, Mark Ransford, Emil Urmanshin.

Due is an international payment platform that leverages blockchain protocols to facilitate secure and cost-effective cross-border transactions through non-custodial accounts. By building on Ethereum and utilizing scaling solutions, Due aims to provide uninterrupted access to global liquidity while ensuring faster settlement times and lower transaction costs.

StablR raised $3.5M in a Seed funding round from Deribit, Maven 11 Capital, Theta Blockchain Ventures (Theta Capital Management), Folkvang, Blocktech Ventures.

StablR is a financial technology company that offers an institutional-grade stablecoin platform, allowing businesses to create, manage, and redeem euro-denominated stablecoins (EURR). These stablecoins are fully backed by fiat assets, providing a secure and stable alternative to traditional currencies.

Pimlico raised $4.2M in a Seed funding round from Andreessen Horowitz (a16z crypto)*.

Pimlico is an infrastructure platform for developing next-gen Smart Wallets, offering tools like bundlers, verifying paymasters, and more for ERC-4337 Smart Wallet development. This crypto infrastructure platform focuses on enhancing wallet security, user-friendliness, and power through features like account abstraction, modularity, and composability, aiming to provide developers with the tools needed for building innovative wallets and smart accounts on the Ethereum blockchain.

Sock raised $3M in a Seed funding round from Haven Ventures*, Designer Fund, Expansion Venture Capital, Spacecadet Ventures, Sunflower Fund, Olive Capital.

Sock is a mobile crypto investing app providing a streamlined, user-friendly, and self-custodial platform. It empowers users to build wealth safely through advanced yield strategies, trade execution, and industry-leading insights, with a focus on non-custodial control, automated low-latency engine, and customizable positions.

Llama raised $6M in a Seed funding round from Founders fund*, Electric Capital*, Amplify Partners, FJ Labs, Reverie, Elad Gil, Sandeep Nailwal, Stani Kulechov, William Gaybrick, Nathan McCauley, Viktor Bunin, Sina Habibian.

Llama is a blockchain platform designed for on-chain governance and access control for smart contracts. It enables the creation of granular roles and permissions for executing transactions, allowing precise control over actions like transferring funds or changing protocol parameters. Llama aims to improve the effectiveness of blockchain protocol governance by providing fine-grained access control and security features.

Other investment rounds

Block Scholes raised $3.3M in a  funding round from Record PLC, Investcorp, Dair Capital, Saison Capital, CoinSwitch, FunFair Ventures.

Block Scholes is an institutional-grade analytics, data, and research platform for the crypto asset market, offering interactive tools, advanced quantitative models, custom visualization capabilities, and original research. It caters to professional traders, retail market participants, and the public sector, aiding users in making informed investment decisions in the cryptocurrency space.

Pendle raised undisclosed amount in a Strategic  funding round from The Spartan Group*.

Pendle is an on-chain yield asset aggregator that enables the separation and trading of future yield.

Galactic Holdings raised $6.3M in a Series A  funding round from Galaxy Interactive*, Dragonfly Capital (ex Metastable Capital)*.

Galactic Holdings is the only large-scale comprehensive platform in Latin America that is compliant and owns the digital currency wallet TruBit, the exchange TruBit Pro, and the Mexican peso-anchored stablecoin Moneta Digital (MMXN).

QuickNode raised undisclosed amount in a Strategic  funding round from LG CNS*.

QuickNode is an all-in-one blockchain development platform that offers a global API with access to multiple blockchains and networks, along with high-leverage tools and expert support. Its mission is to simplify blockchain infrastructure and help developers build and scale Web3 applications.

Kresko raised $1.8M in a Strategic  funding round from Electric Capital*, Zero Age Ventures*, WAGMI Ventures, GTS Ventures, Oak Grove Ventures, MH Ventures, Gui Laliberte.

Kresko is a decentralized finance (DeFi) platform that enables the creation and management of securely collateralized synthetic assets using smart contracts written in Solidity. It offers a user-friendly interface and open-source, non-custodial, capital-efficient synthetic asset protocol for users to mint, swap, pool, and farm synthetic assets.

Cool Cats raised undisclosed amount in a Strategic  funding round from Animoca Brands Japan*, San FranTokyo*.

Cool Cats is a global storytelling brand that connects people through NFTs, games, and a creative community. Their flagship project the Cool Cats NFT collection features a collection of 10,000 unique hand-drawn cat avatars, fostering self-expression and connection in an inclusive environment. It's gamified and tokenized economy is driven by MILK tokens.

Chintai raised undisclosed amount in a  funding round from B1*.

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.

Agrotoken raised undisclosed amount in a Series A  funding round from Visa*.

Agrotoken is a global infrastructure for tokenizing agricultural commodities. It enables producers to tokenize their grains and food production, creating stablecoins that are backed by real assets. These stablecoins can be used for a variety of purposes, such as trading, investing, and accessing financing. Agrotoken's mission is to bridge the gap between the agricultural and financial sectors by creating a more transparent and efficient way to trade agricultural commodities.

* fund, that lead investment round