Crypto Fundraising weekly
Dates: 07 – 13, Feb 2022

This week's biggest funding round

Polygon raised $450M in a funding round from Sequoia Capital, SoftBank Fund, SoftBanks Vision Fund 2, Galaxy Digital, Galaxy Interactive, Tiger Global, Republic Capital (ex Republic Labs), Alameda Research, Transcend Fund, Makers Fund, Animoca Brands, Third Point, Dune Ventures, Union Square Ventures (USV), Seven Seven Six Ventures, SINO Global Capital, Digital Currency Group (DCG), Standard Crypto, Celsius, Dragonfly Capital (ex Metastable Capital), Variant Fund, Alan Howard, The Spartan Group.

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.

Pre-seed and Seed investment rounds

Summoners Arena raised $3M in a Seed funding round from Pantera Capital, Coinbase Ventures, GuildFi, Merit Circle, Cosmic Guild, Arche Fund (Coin98 Ventures), The Spartan Group, Impossible Finance, Kyros Ventures.

An innovative idle-RPG game built on Binance Smart Chain, integrating DeFi and NFT with a focus on an economy-driven format.

Ethernity Chain raised $20M in a Seed funding round from Thomas Vu, Eric Schmidt, Michael Rubin, Morningstar Ventures, Ripple, Algorand Foundation, Polygon Studios, Kenetic, Black Edge Capital.

Ethernity Chain is a community-oriented platform that produces limited edition authenticated NFTs and trading cards created by your favorite artists and endorsed by notable figures.

Humanode raised $2M in a Seed funding round from Republic Capital (ex Republic Labs)*, Tribe Capital, Wintermute, GravityX Capital, Shima Capital, Genblock Capital, AU21 Capital, StaFi Protocol, Sandeep Nailwal, Blizzard, Jaynti Kanani.

Crypto-biometric network where One human = One node that brings sybil resistance and innovative governance models to the crypto industry using private biometric technology.

Aperture raised $5.3M in a Seed funding round from Arrington Capital*, ParaFi Capital*, Divergence*, Costanoa Ventures*, Rarestone Capital, Krypital Group, PrimeBlock Ventures, Athena Ventures, Double Peak Group, MEXC, Do Kwon.

A cross-chain decentralized finance (DeFi) investment ecosystem.

Airwaive Project raised $3M in a Seed funding round from UOB Venture Management, Signum Capital, Fundamental Labs, Fenbushi Capital, The Spartan Group, Spark Digital Capital, Gate Labs, Jsquare, Digital Finance Group (DFG), Athena Ventures.

Decentralized wireless broadband platform.

MetaStreet raised $14M in a Seed funding round from Dragonfly Capital (ex Metastable Capital), Ethereal Ventures, Sfermion, Nascent, Delphi Digital, Alliance DAO (ex DeFi Alliance), Seed Club, Animoca Brands, Republic Realm, CMT Digital, Bitscale Capital, QCP Capital, Taureon.

MetaStreet is the decentralized interest rate protocol for the Metaverse, built to autonomously grow the GDP of emerging virtual economies.

RareRound raised $1M in a Seed funding round from Mechanism Capital, County Capital.

Gaming Platform which allows using any NFTs as bets and which is fully owned by community.

OAK Network raised $5.5M in a Seed funding round from Greylock*, Hypersphere*, Foundation Capital*, Electric Capital, Monday Capital, GSR Markets LTD, Shima Capital, Blockwall.

OAK (On-chain Autonomous Kernel) Network is a blockchain automation hub for DeFi and payments built on Parity Substrate with a first of its kind event-driven execution model. With this model, transactions are triggered by event signals such as time, price, and smart-contract state changes.

SO-COL raised $1.8M in a Seed funding round from DeFiance Capital*, Animoca Brands*, Three Arrows Capital, Mechanism Capital, Global Founders Capital (GFC), Double Peak Group, Antifund VC, Kronos Research, Genblock Capital.

SO-COL (Social Collectables) is a Web3 community-centric platform that empowers creators, communities, and brands by building tools for them to leverage on improved accessibility and utility of NFTs. SO-COL is building community management and governance tools, NFT minting tools and a marketplace which allows creators and fans to sell and trade their community NFTs.

Other investment rounds

Salad Ventures raised $13.5M in a  funding round from Alameda Research, C² Ventures, Crossbeam Venture Partners, Foundation Capital, Gemini Frontier Fund, Winklevoss Capital, Polygon Studios.

A blockchain think-tank based in Singapore that focuses on the play-to-earn industry.

SkillWallet raised $1.7M in a  funding round from Third Kind Venture Capital (3kvc), Graph Ventures, Youbi Capital, ConsenSys, Protocol Labs, Fenbushi Capital, Hashkey Capital, Eniac Ventures.

Role-based ID that combines Identity & DAO Governance.

PDAX raised $50M in a  funding round from Tiger Global, UBX, Kingsway Capital, Jump Capital, Ripple, DG Daiwa Ventures.

Philippine crypto exchange.

Everyrealm (ex Republic Realm) raised $60M in a Series A  funding round from Andreessen Horowitz (a16z crypto), Coinbase Ventures, NGC Ventures (NEO Global Capital), Dragonfly Capital (ex Metastable Capital), Hashed, Lightspeed, Griffin Gaming Partners, Liberty City Ventures, Dapper Labs, Flamingo, Pillar VC, Animoca Brands, Paris Hilton, Neon DAO, Brevan Howard Digital, Valor Equity Partners, Galaxy Interactive, Golden Tree, Avalanche, Foresight Ventures, Polygon Ventures, The Sandbox, Sebastian Borget, Nas.

Digital real estate vehicle that invests in virtual worlds through NFTs.

Ruby Protocol raised $7.3M in a  funding round from Digital Strategies, Digital Finance Group (DFG), Signum Capital, Ocean Protocol, DWeb3 Capital, D1 Ventures, Global Coin Research (GCR), Maverick Global Ventures.

A privacy-first blockchain that utilizes functional encryption cryptography, giving Web3 users maximum ownership of their data.

Sardine raised $19.5M in a Series A  funding round from Andreessen Horowitz (a16z crypto), Nyca Partners, Village Global.

Sardine is a real-time fraud prevention product for financial technology and Web3 customers.

Quantum raised $7.5M in a Series A  funding round from True Ventures, Flamingo, Collab+Currency, Gary Vaynerchuk.

Platform focused on curating and dropping NFT collections and making NFTs easily accessible for both artists and collectors.

Nomic Foundation raised $15M in a  funding round from Ethereum Foundation, Coinbase Ventures, ConsenSys, Polygon Ventures, Gnosis DAO, Andreessen Horowitz (a16z crypto), A Capital, Kaszek Ventures.

Nomic Foundation helps early stage blockchain projects launch and secure their offering by designing, building and auditing decentralized systems.

Rift Finance raised $18M in a  funding round from Pantera Capital*, Two Sigma Ventures, Coinbase Ventures, The Spartan Group, DeFiance Capital, Hashed, Jump Capital, Vessel Capital, Morningstar Ventures, Sandeep Nailwal, Stani Kulechov, Do Kwon.

Decentralized protocol that supercharges DAO growth through restructured incentive frameworks.

Alchemy raised $200M in a Series C  funding round from Lightspeed*, Andreessen Horowitz (a16z crypto), Coatue, DFJ Growth, Pantera Capital, Addition.

Alchemy is a Web3 developer platform focused on making blockchain development easy.

Omni Network raised $18M in a  funding round from Pantera Capital*, Two Sigma Ventures, Jump Crypto, Hashed, The Spartan Group, Coinbase Ventures, DeFiance Capital, Vessel Capital, Morningstar Ventures, Do Kwon, Stani Kulechov, Sandeep Nailwal.

Omni is an interoperability layer for Ethereum built on a novel architecture that enables developers to build secure, cross-rollup applications. It provides a simple way for developers to expand their applications while maintaining the security properties of Ethereum by leveraging fundamental technical innovations in the blockchain industry such as restaking with Eigenlayer, Cosmos SDK, and Tendermint consensus. Omni allows developers to manage global application state across all integrated domains and aggregate liquidity, creating a smooth product experience for users.

Dmail raised undisclosed amount in a Strategic  funding round from Amino Capital*.

Dmail Network is an AI-powered decentralized email platform that offers message communication, asset management, data storage, subscriptions & notifications, Web3 marketing, and an AI assistant, empowering users with ownership and control of their data.

Aleo raised $200M in a Series B  funding round from SoftBanks Vision Fund 2*, Kora Management LP*, Tiger Global, Andreessen Horowitz (a16z crypto), Samsung Next, Slow Ventures, The Sea Capital.

Aleo is a platform for private applications using zero-knowledge cryptography. Aleo is a Layer 1 blockchain – based on a novel consensus protocol – is designed to be faster and more efficient than traditional models by leveraging zero-knowledge (ZK) proofs.

* fund, that lead investment round