Crypto Fundraising weekly
Dates: 08 – 14, Oct 2023

This week's biggest funding round

Membrane Labs raised $20M in a Series A funding round from Brevan Howard Digital, Point72 Ventures, Jane Street, Flow Traders, QCP Capital, Two Sigma Ventures, Electric Capital, Jump Crypto, GSR Markets LTD, Belvedere Trading, Framework Ventures.

Membrane Labs is a cryptocurrency-focused trading and lending platform that provides enterprise-grade software solutions for managing digital assets. Its flagship product, Membrane, offers cross-custodial settlements, lifecycle position servicing, and enhanced capital efficiency for digital assets, catering to both financial institutions and individuals seeking secure and efficient digital asset management.

Pre-seed and Seed investment rounds

KINO Studios raised $2M in a Pre-seed funding round from Sequoia Capital’s Scout program, Blockchain Founders Fund, Slow Ventures, MetaWeb Ventures, Genius Ventures, Near Foundation.

KINO Studios is a fan engagement platform that connects creators and audiences, offering a unique behind-the-scenes experience in the film industry. Through KINO, fans can engage with cast and crew during the filmmaking process, purchase film collectibles, attend red carpet events, and even become investors in movies. KINO's technology enhances community building and royalty processing, contributing to a more connected and equitable entertainment industry.

Initia raised undisclosed amount in a Pre-seed funding round from Binance Labs Fund*.

Initia is a network that combines Layer 1 (L1) technology with application-specific Layer 2 (L2) infrastructure, aiming to create scalable and interconnected blockchains. By fusing L1 with L2, Initia simplifies the process for developers to launch application-specific blockchains as L2s, offering features such as native stablecoins, multi-chain bridging, and more. Initia's architecture abstracts complexities from traditional modular and multi-chain systems, making it easier for developers to create scalable and sovereign blockchain systems.

RepubliK raised $6M in a Seed funding round from OKX Ventures (ex OKEx Blockdream Ventures), HTX Ventures (ex Huobi Ventures), 6th Man Ventures (6MV), Arcane Group, Coin Merge Strategy (CMS), Comma3 Ventures, Enjin, FBG Capital, Mirana Ventures, OIG Capital (Oracles Investment Group), Signum Capital, Sora Ventures, UOB Venture Management, Define Ventures.

RepubliK is a Web3 content creation platform with the aim of decentralizing value creation and distribution, allowing content creators to create and monetize their content effectively while connecting with their audiences. It offers a suite of tools to content creators to help them unlock untapped opportunities and grow their brands across various social platforms with total independence. Overall, RepubliK provides a one-stop-shop for creators to create, connect, and earn higher returns.

Parsec raised $4M in a Seed funding round from Galaxy Digital*, Uniswap Labs Ventures, Robot Ventures, CMT Digital.

Parsec Finance is DeFi and NFT analytics platform offering users tools for well-informed investment decisions. The platform provides real-time data feeds, customizable charts and graphs, as well as technical analysis tools for assessing cryptocurrency assets.

Other investment rounds

Account Labs raised $7.7M in a Series A  funding round from Amber Group*, MixMarvel DAO Venture*, Qiming Venture Partners*.

Account Labs, Singapore-based wallet provider, developed UniPass Wallet, a user-friendly self-custody wallet for peer-to-peer stablecoin transfers. UniPass Wallet eliminates the need for complex 12-word seed phrases, allowing users to create and access their wallets through Google accounts, simplifying the onboarding process for Web3 newcomers. Additionally, the wallet leverages account abstraction for gasless transactions and plans to expand its offerings, including support for iOS and various social media logins.

Untangled Finance raised $13.5M in a  funding round from Fasanara Capital*.

Untangled Finance is a tokenized real-world asset (RWA) marketplace that aims to bridge the traditional private credit market, valued at over $1 trillion, with blockchain technology. Users can access two types of lending exposures: automated lending pools with passive yields and lower risks, and bespoke solutions providing ultimate control over specific asset pools. Additionally, Untangled Finance offers features like liquidity, capital efficiency, compliance, transparency, and interoperability with DeFi, aiming to expand the DeFi sector's scope and efficiency in private credit markets.

Beldex raised $3M in a  funding round from Enflux*.

Beldex is an innovative Web3 ecosystem focused on privacy and security in decentralized applications. This privacy-based ecosystem comprises various decentralized applications like BChat, BelNet, the Beldex browser, the Beldex privacy protocol, and the Beldex bridge. Beldex aims to create a private and secure Web3 environment, protecting user data and identity while promoting innovation and user-focused solutions in the blockchain and cryptocurrency sector.

Silks raised $5M in a  funding round from .

Silks is a Web3 gaming platform that harnesses blockchain technology, allowing players to own, breed, and race digital racehorses represented as non-fungible tokens (NFTs). These NFTs can be raced for prizes or bred to create new digital racehorses, offering a unique and rewarding gaming experience. The platform operates on the Solana blockchain, providing fast and secure transactions while ensuring fairness and transparency through smart contracts and oracles.

Neutral raised $3.2M in a  funding round from North Island Ventures*, Redalpine, Digital Currency Group (DCG), Cerulean Ventures, Factor Capital, Very Early Ventures, Rarestone Capital.

Neutral is an exchange for environmental assets. It combines tokenized carbon credits, renewable energy credits, and carbon forwards with specialized market infrastructure to deliver efficiency, transparency, and trust in these markets.

OrdinalsBot raised $1M in a  funding round from Kestrel 0x1, Lightning Ventures, Deep Ventures, Bitcoin Magazine, UTXO Management, Bitcoin Frontier Fund, Angsana Investments, Sebastian Borget, Novum Insights, MetaLink Capital, PAL Capital.

OrdinalsBot is a platform that simplifies the process of inscribing digital content on the Bitcoin blockchain as Ordinals, making it accessible and user-friendly. It offers a user-friendly interface, supports various file formats, and maintains a competitive pricing structure. Additionally, OrdinalsBot recently launched a Software Developer Kit (SDK) to empower developers to integrate Ordinals functionalities seamlessly into their projects, fostering innovation in the Bitcoin Ordinals ecosystem.

* fund, that lead investment round