Crypto Fundraising weekly
Dates: 06 – 12, Jul 2020

This week's biggest funding round

Aave raised $4.5M in a funding round from ParaFi Capital*.

Pre-seed and Seed investment rounds

HOPR Token raised $1M in a Seed funding round from Binance Labs Fund*, AU21 Capital, Caballeros Capital.

HOPR is a decentralized privacy protocol focused on enhancing transport layer security across the web3 ecosystem. It uses a mixnet architecture to obscure all metadata, protecting user identities and data during transmission. HOPR’s network is incentivized, allowing users to run nodes, stake HOPR tokens, and participate in data relay to earn rewards. This infrastructure not only boosts privacy but also fosters a more secure, decentralized internet.

Frax raised undisclosed amount in a Seed funding round from Ascensive Assets*.

Frax Finance is a decentralized finance (DeFi) protocol that issues innovative, decentralized stablecoins. Its flagship stablecoin, FRAX, combines partial collateral backing with an algorithmic mechanism to maintain its peg to the USD. Frax Finance offers multiple products and services within the Frax Protocol, making it a versatile DeFi solution for users who want to mint, trade (FraxSwap), and lend stablecoins (FraxLend).

ZkSystems raised $3.3M in a Seed funding round from seed + speed Ventures*, Brandenburg Kapital, FinLab, Technologiefonds OWL.

Grove (ex Pocket Network Inc.) raised $130K in a Seed funding round from Borderless Capital*, Eden Block.

Grove is a decentralized infrastructure provider that enables multi-chain user experiences at scale by offering decentralized physical infrastructure (DePIN). As the founders of Pocket Network, Grove supports over 40 different chains, providing Web3 infrastructure for building products and services. Its network's native token, POKT, plays a pivotal role in incentivizing the decentralized infrastructure ecosystem.

Grove (ex Pocket Network Inc.) raised undisclosed amount in a Seed funding round from Borderless Capital*, Eden Block.

Grove is a decentralized infrastructure provider that enables multi-chain user experiences at scale by offering decentralized physical infrastructure (DePIN). As the founders of Pocket Network, Grove supports over 40 different chains, providing Web3 infrastructure for building products and services. Its network's native token, POKT, plays a pivotal role in incentivizing the decentralized infrastructure ecosystem.

Other investment rounds

Radix raised $4.1M in a Strategic  funding round from LocalGlobe, Taavet Hinrikus.

Radix is a layer-one protocol specifically built to serve DeFi. Radix has its own consensus system, its own execution environment and its own programming language called Scrypto.

Wintermute Trading raised $2.8M in a Series A  funding round from Lightspeed*.

* fund, that lead investment round