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Crypto Fundraising weekly
Dates: 09 – 15, May 2022

Summary

During this week 17 blockchain startups has raised $486.6M in funding:

  • Series B round: 2 startups $255M
  • Series A round: 4 startups $120M
  • Seed round: 5 startups $62.8M
  • Unknown round: 4 startups $41.3M
  • Strategic round:   (2 startups) $7.5M
0
$85M
$170M
$255M

Investments by ecosystem

This week's biggest funding round

KuCoin raised $150M in a Series B funding round from Jump Crypto*, Circle Ventures, IDG Capital, Matrix Partners.

KuCoin is an exchange platform that allows holders to profit from the success of the exchange.

Pre-seed and Seed investment rounds

Kiln raised $5M in a Seed funding round from SV Angel, BlueYard Capital, Alven, Kima Ventures, Third Kind Venture Capital (3kvc).

Kiln is a staking platform that enables users to participate in Ethereum’s security and earn rewards while doing so. Platform provides staking services to clients directly or via an API that enables custodians, exchanges and wallets to offer staking services to its customers.

Co:Create raised $25M in a Seed funding round from Andreessen Horowitz (a16z crypto), Vayner Fund, Not Boring Capital, RTFKT, Amy Wu.

Co:Create is protocol for NFT communities and ecosystems.

Branch raised $12.5M in a Seed funding round from Dragonfly Capital (ex Metastable Capital)*, Polychain Capital*, The Chernin Group (TCG Crypto), Coinbase Ventures, Three Arrows Capital, DeFiance Capital, Mechanism Capital, Infinity Ventures Crypto (IVC), Fourth Revolution Capital (4RC), Gabby Dizon, Ryan Wyatt, Naval Ravikant.

Branch is building next-gen captivating social games in web3.

Paper raised $9.3M in a Seed funding round from Electric Capital*, Initialized Capital*, Alliance DAO (ex DeFi Alliance), Polygon Ventures, FalconX, Long Journey Ventures, ThirdWeb, Plaid, Twitch, Fractal, MagicEden, Eventbrite, Tagomi, Bison Trails, Kevin Hartz, Justin Kan, Kevin Lin.

Paper is a payment processing company that allows users to create wallets through their email addresses and purchase NFTs with credit cards (or crypto wallets) across the Polygon, Ethereum, Solana and Avalanche blockchains to provide non-crypto consumers a “frictionless” bridge for entry into the marketplace.

Highlight raised $11M in a Seed funding round from HAUN Ventures*, 1kx, Polygon Studios, Coinbase Ventures, A Capital, SciFi VC, Floodgate, Thirty Five Ventures (35V), Offline Ventures, Mischief Fund, Linda Xie, Mark Gillespie, Robert Leshner, DAO Jones.

Highlight is creating a membership community on the blockchain.

Other investment rounds

Chainflip raised $10M in a  funding round from Pantera Capital, Framework Ventures, Blockchain Capital.

Chainflip is a cross-chain AMM enabling native asset swaps without wrapped tokens or specialised wallets

Moralis raised $40M in a Series A  funding round from EQT Ventures, Fabric Ventures, Coinbase Ventures.

Moralis offers infrastructure that lets developers build and launch Web 3 apps, games and non-fungible tokens (NFTs) across blockchains.

MARA raised $23M in a  funding round from Coinbase Ventures, Alameda Research, Distributed Global, Huobi Ventures, KuCoin Labs, Gate Labs, Hashkey Capital, Mechanism Capital, Woodstock, The Spartan Group, Nexo, Ghaf Capital Partners, Fundamental Labs, Signum Capital, LedgerPrime, DWeb3 Capital, Mapleblock Capital, TQ Ventures, DAO Jones, Red Beard Ventures, Wicklow Capital, UOB Venture Management, Geometry, Gravity Ventures, Qredo, Spark Capital.

Pan-African centralized crypto exchange.

Neptune Mutual raised $5.3M in a  funding round from Gate Labs*, XTcom*, BitMart, LD Capital, Mapleblock Capital, The DuckDao, DWeb3 Capital, Lux Capital, Poolz Finance, BSC Army, Whitelist Ventures, MH Ventures.

Neptune Mutual is a cover protocol that enables users to purchase cover policies to protect their digital assets from hacks and exploits.

Nyan Heroes raised $7.5M in a Strategic  funding round from Kosmos Ventures, SINO Global Capital, Shima Capital, Petrock Capital, Morningstar Ventures, Tess Ventures, Master Ventures, Wave7, Ancient 8, Drops Ventures, Andromeda Capital, SnackClub, Crypto.com Capital.

Nyan Heroes is an NFT game built on the Solana blockchain, that is part of the "play to earn" metaverse.

StarryNift raised $10M in a Series A  funding round from SIG DTI (a Susquehanna International Group Company)*, Binance Labs Fund, Alameda Research, Genesis Block Ventures Capital (GBV).

StarryNift is the first gamified massive co-creation Web 3.0 platform and launchpad for fun digital collectibles integrated with metaverse in the confluence of multiple worldviews.

Jambo raised $30M in a Series A  funding round from Paradigm, Pantera Capital, Delphi Digital, Kingsway Capital, Gemini Frontier Fund.

Africa-focused one-stop mobile application for multiple services such as ride-hailing, banking, communication and food delivery.

Talos raised $105M in a Series B  funding round from Citi, DRW Venture Capital, SCB 10X, Matrix Capital Management, Voyager Digital, LeadBlock Partners, Andreessen Horowitz (a16z crypto), PayPal Ventures, Castle Island Ventures, Fidelity Management and Research Company.

Talos is an end-to-end crypto trading platform that provides digital asset trading technology for lenders, brokers, and investors.

pSTAKE raised undisclosed amount in a Strategic  funding round from Binance Labs Fund*.

Unlocking Liquidity for Staked Assets

Ready Games Network raised $3M in a  funding round from BITKRAFT Ventures, Hashed, Tribe Capital, IOSG Ventures, The Spartan Group, Mapleblock Capital, Mulana Capital, DWeb3 Capital, Fundamental Labs, GSR Markets LTD, Polygon Ventures, Warburg Serres, SnackClub.

Ready Games Network is building mobile-first Web3 tools and technologies, and distributing tools that make it easier for users to participate in the creative endeavor of game-making.

Irreverent Labs raised $40M in a Series A  funding round from Andreessen Horowitz (a16z crypto), Infinity Ventures Crypto (IVC), Solana Ventures, Mantis VC (The Chainsmokers), Advancit Capital, Keen Crypto, Unlock Venture Partners, The Chainsmokers.

Irreverent Labs, Inc. develops games that utilize machine learning and blockchain technology as a means of building titles that will last for prolonged periods of time, potentially decades.

* fund, that lead investment round

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