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Crypto Fundraising weekly
Dates: 08 – 14, Mar 2021

Summary

During this week 8 blockchain startups has raised $394.7M in funding:

  • Series D round: 1 startup $350M
  • Series A round:   (2 startups) $31M
  • Seed round:   (3 startups) $9.8M
  • Strategic round:   (1 startup) $2M
  • Public sale round:   (1 startup) $1.9M
0
$116.7M
$233.3M
$350M

Investments by ecosystem

This week's biggest funding round

BlockFi raised $350M in a Series D funding round from Bain Capital Ventures (BCV)*, Pomp Investments*, Tiger Global*, Valar Ventures, Breyer Capital, SIG DTI (a Susquehanna International Group Company), Jump Capital, Paradigm.

BlockFi is a financial services provider that offers cryptocurrency owners the ability to secure USD loans by using their crypto-assets as collateral. They offer a range of financial products powered by blockchain technology, including interest-earning accounts and trading services, serving clients globally and across all U.S. states.

Pre-seed and Seed investment rounds

Swing (ex Polkaswitch) raised $3M in a Seed funding round from Arrington Capital*, Ascensive Assets*, Signum Capital, Bitscale Capital, Skynet Trading, LD Capital, Digital Finance Group (DFG), Waterdrip Capital, Vendetta Capital.

Cross-chain Interoperability infrastructure built for crypto developers and traders.

SubQuery Network raised $1.8M in a Seed funding round from Alliance DAO (ex DeFi Alliance)*, D1 Ventures*, Hypersphere*, Digital Finance Group (DFG)*, THE LAO*.

The SubQuery Network is effort to move towards a decentralised and tokenised network in order to ensure no single point of failure for SubQuery and to encourage as many participants in the process as possible.

Illuvium raised $5M in a Seed funding round from Framework Ventures*, Bitscale Capital, LD Capital, Lotus Capital, IOSG Ventures, Delphi Digital, YBB Foundation, Stake Capital, Moonwhale Ventures, Blocksync Ventures, Quantstamp, Yield Guild Games (YGG), Bitcoin.com, Kain Warwick, Stani Kulechov, Santiago R. Santos, Immutable.

Illuvium is a decentralized RPG and collection game series on the Ethereum blockchain. Players explore a fragmented world, capture powerful Illuvials as NFT assets, and engage in battles and trades. The project offers a triple-A blockchain gaming experience, with player-driven governance and regular revenue distributions.

Other investment rounds

River Financial raised $12M in a Series A  funding round from Goldcrest Capital*, Craft Ventures, Polychain Capital, M13, Castle Island Ventures, Slow Ventures, The Kraft Group.

River Financial is a challenger financial institution that specializes in Bitcoin financial services. They offer a high-touch Bitcoin brokerage platform for sophisticated retail investors to buy and sell Bitcoin.

Dego Finance raised $1.9M in a Public sale  funding round from .

Dego Finance is a decentralized ecosystem that offers a diverse combination of non-fungible token (NFT) and decentralized finance (DeFi) tools. It is an independent, open NFT ecosystem.

OpenOcean raised $2M in a Strategic  funding round from Binance*, Multicoin Capital, LD Capital, Coin Merge Strategy (CMS), Kenetic, Altonomy.

OpenOcean is a DEX aggregator.

Fei Protocol raised $19M in a Series A  funding round from Andreessen Horowitz (a16z crypto), Framework Ventures, Coinbase Ventures, ParaFi Capital, Variant Fund, AngelList, Naval Ravikant.

Decentralized, scalable and fair stablecoin built on Ethereum.

* fund, that lead investment round

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