Crypto Fundraising weekly
Dates: 08 – 14, Feb 2021

This week's biggest funding round

Celo raised $20M in a Strategic funding round from Andreessen Horowitz (a16z crypto), GreenField One, Electric Capital.

Celo is a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users.

Other investment rounds

Synthetix (ex Havven) raised $12M in a  funding round from Coinbase Ventures, Paradigm, IOSG Ventures.

Synthetix is a decentralized platform that enables trading of synthetic assets, such as commodities and stocks, without liquidity limitations. The assets are collateralized by Synthetix Network Tokens (SNX) locked in a smart contract and traded on the Synthetix Exchange, which is built on Ethereum and Optimistic Ethereum.

Reflexer raised $4.1M in a Strategic  funding round from Pantera Capital, Lemniscap, Standard Crypto, Paradigm.

Reflexer is a platform where anyone can use their crypto collateral to mint RAI, a non-pegged stablecoin backed by ETH.

Balancer raised $5M in a Series A  funding round from DeFiance Capital, Three Arrows Capital.

Balancer Protocol allows users to trade tokens, create liquidity pools, and invest in existing pools while earning yields from trades.

SafePal raised $5M in a Public sale  funding round from .

SafePal is a cryptocurrency wallet that aims to provide a secure and user-friendly crypto asset management platform.

* fund, that lead investment round