Crypto Fundraising weekly
Dates: 05 – 11, Sep 2022

This week's biggest funding round

Sui raised $300M in a Series B funding round from FTX Ventures*, Andreessen Horowitz (a16z crypto), Jump Crypto, Apollo Capital, Binance Labs Fund, Franklin Templeton, Coinbase Ventures, Circle Ventures, Lightspeed, SINO Global Capital.

Sui is a decentralized permissionless smart contract platform based towards low-latency management of assets. Developed by Mysten Labs.

Pre-seed and Seed investment rounds

Hooked Protocol raised undisclosed amount in a Seed funding round from Binance Labs Fund, Sequoia Capital.

Hooked Protocol is building a connection network to empower Web3 social engagement and a growth funnel for Web3 applications.

Magpie Protocol raised $3M in a Seed funding round from Jump Crypto, Sandeep Nailwal, GSR Markets LTD, ParaFi Capital, Republic Capital (ex Republic Labs), Big Brain Holdings, Faculty Capital, D1 Ventures, ArkStream Capital, Apollo Capital, MH Ventures.

Magpie Protocol ia a Chain-Agnostic & Non-custodial liquidity aggregation protocol.

Omniwallet (ex Steakwallet) raised $11M in a Seed funding round from The Spartan Group, GSR Markets LTD, Eden Block, OP Crypto, Shima Capital, Kosmos Ventures, Daedalus, PrimeBlock Ventures, Figment, Lattice Fund, Chorus One.

Omni is a noncustodial wallet aiming to increase access to web3 technologies.

Trial Xtreme raised $12.8M in a Seed funding round from Blockchain Capital, Merit Circle, com2us, Mysten Labs, Solana Ventures, Yield Guild Games (YGG), Hustle Fund.

Gameplay Galaxy is bringing Trial Xtreme to Web3. Players can earn active income by competing in tournaments and winning races.

Spice AI raised $13.5M in a Seed funding round from Madrona Venture Group, Asymmetric fund, Alumni Ventures (AVG), Protocol Labs.

Spice AI is a platform that enables developers to build data driven applications for Web3.

Dust Labs raised $7M in a Seed funding round from Foundation Capital, Solana Ventures, Jump Crypto, Big Brain Holdings, FTX Ventures, Chapter One.

Dust Labs ia an NFT Software Company that specializes in providing NFT tooling to projects on Solana and Ethereum.

Metaverse Magna (MVM) raised $3.2M in a Seed funding round from Wemix, gumi Cryptos Capital, Hashkey Capital, Tess Ventures, LD Capital, Taureon, Polygon Studios, The Spartan Group, IndiGG.

Metaverse Magna (MVM) is a Nestcoin gaming DAO based in Nigeria that distributes mobile games in emerging African markets and builds developer tools for Web3 gaming.

Internet Game raised $7M in a Seed funding round from ParaFi Capital, Dragonfly Capital, Delphi Digital, Uniswap Labs Ventures, Collab+Currency.

Internet Game is a Web3 mini-game battle royale. The project reinvents HQ Trivia as Internet Game, a crypto-based twist on the original model.

Other investment rounds

PANONY raised undisclosed amount in a Series A  funding round from NGC Ventures.

PANONY is an blockchain-focused incubator, investor and advisor for Web3 business.

Community Labs raised $30M in a Strategic  funding round from Lightspeed, Arweave, Bain Capital Ventures (BCV), Blockchain Capital, Distributed Global.

Community Labs is an Arweave-native software development company and venture studio focused on accelerating developer tools, use cases, and adoption of decentralized permanent data storage.

Slide raised $12.3M in a  funding round from Polychain Capital, Framework Ventures, Coinbase Ventures, Circle Ventures.

Slide is a startup that provides user experience infrastructure for decentralized applications (dapps).

Exchange Art raised $3.2M in a  funding round from Big Brain Holdings, Cultur3 Capital.

Exchange Art is a leading fine art marketplace on Solana powering the creator economy in the digital world

MetaWeb raised $30M in a  funding round from Sequoia Capital, Dragonfly Capital, Near Foundation.

MetaWeb Ventures is a venture capital firm focused on crypto startups. The fund aims to invest primarily in decentralized social media, decentralized finance (DeFi), gaming and decentralized autonomous organizations (DAO).

Hubble Protocol raised $5M in a Strategic  funding round from Multicoin Capital*, DeFiance Capital, Delphi Digital, Digital Currency Group (DCG), Crypto.com Capital, ParaFi Capital, Jump Capital, Decentral Park Capital, Coin Merge Strategy (CMS), The Spartan Group, Alliance DAO (ex DeFi Alliance), Mechanism Capital.

Hubble is a fee-sharing decentralized finance (DeFi) protocol built on Solana that will offer multiple DeFi services as the protocol and DeFi continue to mature and expand.

Tesseract raised $78M in a  funding round from Balderton Capital, Accel, Ribbit Capital, Box Group.

Tesseract is a crypto lending business focused on sourcing deposits from institutions, rather than retail customers. The lender, which is supervised by the Finnish Financial Supervisory Authority (FIN-FSA). Earn API by Tesseract, enables partners to offer their customers different financial products tailored to specific risk strategies.

Credix raised $11M in a Series A  funding round from Motive Partners, ParaFi Capital, Valor Capital Group.

Credix is a decentralized credit marketplace connecting investors with FinTechs in emerging markets.

Fuel Network raised $80M in a  funding round from Blockchain Capital*, Stratos Technologies*, Alameda Research, CoinFund, Bain Capital Ventures (BCV), TRGC, Maven 11 Capital, Blockwall, The Spartan Group, Dialectic, ZMT Capital.

Fuel is a layer-2 scalability technology designed to provide the world's fastest modular execution layer. It is built as a verifiable computation system for the modular blockchain stack, delivering maximum security, flexible throughput, and a superior developer experience. Fuel's technology stack consists of parallel transaction execution, the Fuel Virtual Machine, and a powerful developer experience. It was the first optimistic rollup on mainnet Ethereum, and its goal is to empower blockchain developers with the richest features and to build the engine for the autonomous future.

* fund, that lead investment round