Crypto Fundraising weekly
Dates: 10 – 16, Dec 2023

This week's biggest funding round

LINE NEXT (DOSI) raised $140M in a funding round from Crescendo Equity Partners*.

LINE NEXT Corporation is a Korean company focused on Web3 business strategy, with a subsidiary operating the global NFT platform business. They plan to launch DOSI, a global NFT platform integrated with Japan's LINE NFT marketplace, with the mission to popularize NFTs by offering a user-friendly experience. Additionally, LINE NEXT aims to help brands enable ownership of digital products and introduce Web3 games.

Pre-seed and Seed investment rounds

Hivello raised $1M in a Pre-seed funding round from NGC Ventures (NEO Global Capital), Blockchain Founders Fund, Side Door Ventures, IDG Capital, Bing Ventures, MEXC, XTcom, Genesis Block HK, NxGen.

Hivello is a decentralized physical infrastructure network that allows users to contribute spare resources from devices like computers, routers, modems, and storage nodes to mine DePIN (Decentralized Physical Infrastructure Networks) protocols for Web3 applications. Led by pioneers in blockchain payment solutions, Hivello aims to democratize access to decentralized services globally, reshaping infrastructure and leveraging expertise in the DePIN space to address the evolving needs of blockchain-based applications.

Farcana raised $10M in a Seed funding round from Animoca Brands, Polygon Ventures, Fenbushi Capital, Merit Circle, Rarestone Capital, MMPro Trust (Market Making Pro), Unpopular Ventures, Kapo Capital, Emchain, Hasu Capital, Dravus Investment.

Farcana Studio is a UAE-based gaming studio developed free-to-play team-based shooter Farcana, emphasizing 4v4 gameplay, unique abilities, and a Bitcoin prize system. Developed on Unreal Engine 5, it combines tactical and strategic elements, attracting thousands of players and introducing innovative features like "Free Mint" Bitcoin ordinals in AAA Web3 gaming. Farcana's immersive experience includes competitive tournaments, a battle royale mode set on a terraformed Mars, and a deflationary Play-to-Hash economic model linked to real Bitcoin mining power.

Metagood raised $5M in a Seed funding round from Sora Ventures*, ACTAI Ventures, Bitcoin Frontier Fund, UTXO Management, London Real Ventures, Peach xyz.

Metagood is a for-profit social impact NFT startup. The company launched its flagship NFT collection OnChainMonkey to create tokenized value for community members.

Pave Bank raised $5.2M in a Seed funding round from 468 Capital*, Quona Capital, FT Partners, BR Capital, w3 fund, Daedalus.

Pave Bank is a programmable bank providing a secure and regulated platform for businesses to transact in stablecoins, CBDCs, and tokenized RWAs. It enables businesses to design custom banking workflows and automation, combining the best of traditional finance and digital assets in a secure and transparent manner.

NodeKit raised $1.2M in a Pre-seed funding round from Borderless Capital*, Blizzard, Polygon Ventures, Wormhole, Hansen, Anurag Arjun, Xavier Meegan, Brian Johnson, Graham Friedman.

NodeKit is developing SEQ, a decentralized shared sequencer on a custom L1 blockchain, designed to enhance cross-rollup interoperability and decentralize transaction sequencing for rollup chains, particularly in the Avalanche ecosystem. SEQ enables seamless interoperability among various rollup chains, fostering innovative designs without compromising decentralization or user growth, making it a notable entry into the competitive Ethereum Layer 2 landscape.

Liquidium raised $1.3M in a Pre-seed funding round from Bitcoin Frontier Fund, Side Door Ventures, ACTAI Ventures, Sora Ventures, Spicy Capital, UTXO Management, Bitcoin Magazine.

Liquidium is an ordinal lending platform on the Bitcoin blockchain, enabling peer-to-peer lending secured by digital inscriptions called Ordinals. Users can borrow Bitcoin against their Ordinals as collateral, maintaining ownership without selling. Utilizing Discreet Log Contracts and Partially Signed Bitcoin Transactions, Liquidium operates on Layer-1 Bitcoin, eliminating the need for third-party custodians and revolutionizing decentralized finance.

Seam Social raised $2.5M in a Seed funding round from 1kx*, Seed Club Ventures, Sfermion, F7 Ventures, Social Graph Ventures.

Seam is a Web3 social platform that empowers users to code, design, and curate personalized online social spaces. It introduces mini-apps, allowing users to customize profiles with elements like gifs and music. Seam shifts the social media business model by hosting a marketplace of user-created mini-apps and themes, rewarding users with Seam Points for customizations.

Other investment rounds

Blocksmith raised undisclosed amount in a  funding round from MZ Web3 Fund, Sakura United Platform.

Blocksmith is a Japanese blockchain company providing consulting, development, infrastructure management, tokenization, and smart contract services. With a proven track record, it focuses on blockchain games, AI labs, and Web3 wallet partnerships, preparing for a potential listing. The company empowers businesses to harness blockchain for enhanced efficiency, security, and transparency, standing as a leading provider in Japan's transformative blockchain landscape.

Dora Factory raised undisclosed amount in a Strategic  funding round from dao5 (daofive), Whampoa Digital.

Dora Factory is a protocol specializing in decentralized governance and multi-chain funding for public goods, offering innovative solutions like Public Good Staking infrastructure and Dora Vota for PoS networks and open-source communities. The protocol's focus on community engagement and impact solidifies its reputation as a dependable partner in the Web3 ecosystem.

Lolli raised $8M in a Series B  funding round from BITKRAFT Ventures*, Sfermion, Ulta Beauty’s Prisma Ventures, Hypersphere, Seven Seven Six Ventures, Pathfinder Ventures, Bain Capital Ventures (BCV), Serena Ventures, Night Ventures, MZ Web3 Fund, Newman Capital, Digital Currency Group (DCG), Company Ventures, 2PunksCapital, Animal Capital, Michelle Phan, Rahul Pagidipati, Logan Paul, Pir Granoff.

Lolli is a rewards application that gives you bitcoin when you shop at your favorite stores.

BitSmiley raised undisclosed amount in a  funding round from OKX Ventures (ex OKEx Blockdream Ventures)*, ABCDE Capital*.

bitSmiley is a protocol within the Bitcoin blockchain, featuring a decentralized stablecoin, a trustless lending platform, and a derivatives protocol under the Fintegra framework. Its flagship product, bitUSD, is a BTC-based over-collateralized stablecoin that promotes stable value alignment and transparency on the Bitcoin blockchain, while bitSmiley's broader ecosystem includes bitLending for peer-to-peer lending and a Credit Default Swaps (CDS) segment to redefine financial derivatives in the Bitcoin DeFi landscape.

NFTPerp raised $3M in a Series A  funding round from 1kx*, Maven 11 Capital, Mechanism Capital, Spencer, Gmoney, David Choi, Nick Emmons, Jonathan Gabler.

NFTPerp is the first NFT perpetual futures dex, an open-source DeFi software created for all web3 users. NFTPerp’s core product a decentralized exchange to long or short blue chip NFT projects such as BAYC, CryptoPunks and more.

Spielworks raised undisclosed amount in a Strategic  funding round from The Hashgraph Association (THA)*.

Spielworks is a Web3 gaming platform, exemplifying the fusion of blockchain technology and gaming to empower creators and players through NFTs. Their flagship platform, Wombat, serves as a comprehensive hub for discovering, playing, and managing Web3 games, fostering a secure and interconnected ecosystem with a focus on true ownership and player-driven experiences.

Dynamic raised $13.5M in a Series A  funding round from Andreessen Horowitz (a16z crypto)*, Founders fund, Castle Island Ventures, Breyer Capital, Nikil Viswanathan, Joe Lau.

Dynamic provides a versatile and secure solution for Web3 authentication, offering smart login flows for crypto users and straightforward onboarding for others. With a focus on simplifying wallet interactions, Dynamic's non-custodial embedded wallets feature passkeys, secure enclaves, pre-generated wallets, user-friendly recovery flows, and integrated on-ramps, enabling developers to create seamless and secure user experiences across various blockchains.

EthosX raised $1.8M in a  funding round from Y Combinator, Franklin Templeton, Ascensive Assets, Emurgo Ventures, Stacker Ventures, Sudo Research, Token Metrics Ventures, Cogitent Ventures, Asymmetry Ventures (Asymm Ventures), Upsparks VC, MH Ventures, DeVC, The Crypto Times, Austen Allred.

EthosX is a decentralized finance platform that leverages blockchain technology to offer users fully-functional financial derivatives on-chain. It aims to revolutionize the creation and trading of derivatives by eliminating the need for centralized authorities, providing fast, secure, and efficient trading experiences for users. EthosX initially focuses on options, option-like tokens, and customized perpetuals, with plans to expand into other asset classes of derivatives in the future.

Andalusia Labs (ex Risk Harbor) raised $48M in a Series A  funding round from Lightspeed*, Mubadala Capital, Pantera Capital, Framework Ventures, Bain Capital Ventures (BCV), Digital Currency Group (DCG), Coinbase Ventures, Proof Group, Nima Capital, Naval Ravikant, Paul Veradittakit, Santiago R. Santos, Anthony Pompliano.

Andalusia Labs is a global provider of risk management infrastructure for digital assets, offering innovative solutions like the Karak layer-2 blockchain, Subsea crypto risk management marketplace, and Watchtower security-centric institutional platform. Their mission is to establish security standards, instill confidence, and facilitate the integration of blockchain and Web3 technology into global financial services.

Matr1x FIRE raised undisclosed amount in a  funding round from OKX Ventures (ex OKEx Blockdream Ventures)*.

Matr1x is a mobile competitive first-person shooter (FPS) game, and also the first game in the Matr1x platform. Developed by Matr1x game studio.

AIT Protocol raised undisclosed amount in a  funding round from Morningstar Ventures, Megala Ventures, Contango Digital Assets, Momentum 6 (M6), BasementDAO, Alpha Protocol Ventures, Maven Capital, Metabros.

AIT Protocol pioneers Web3 data infrastructure, emphasizing data annotation and AI model training. Operating on blockchain, it establishes a decentralized labor market transcending borders, incentivizing participants through crypto economics. The AIT marketplace enables millions of cryptocurrency users to engage in "Train-to-Earn" tasks, earning rewards while contributing to AI model development. Positioned in the growing AI data market, AIT facilitates entry into Web3 for data labelers, reducing costs and fostering innovation in the transformative era of blockchain and AI.

Hackless raised $1.2M in a  funding round from DAO Maker, Black Dragon, DeltaHub Capital, Insignius Capital, Viral Ventures, Halvings Capital, Cosima Capital.

Hackless is a security-focused platform for DeFi protocols, offering a comprehensive toolkit of monitoring tools, analytics, and security services. Designed to detect and prevent potential hack attacks, it provides developers with extensive ongoing monitoring features, dynamic transaction analysis, mempool tracking, funds flow analysis, and an alert system, strengthening the security of DeFi protocols at the infrastructure level of EVM-compatible blockchains. Hackless aims to enhance the overall security of smart contracts by unifying elements from the blockchain ecosystem.

GUGroup raised $2.9M in a  funding round from B Dash Ventures*.

GUGroup is the driving force behind Japan Open Chain, an Ethereum-compatible public blockchain with enterprise-operated validator nodes. It encompasses entities like Japan Blockchain Infrastructure and G.U. Technologies, collaborating to develop and offer secure, cost-effective, and user-friendly products, with a focus on implementing blockchain technology in society.

Reltime raised undisclosed amount in a  funding round from Research Council of Norway*.

Reltime is a later 1, Web3 ecosystem utilizing a secure Proof of Authority (PoA) blockchain to transform the Forex market and empower users with control over digital assets. Built on its own PoA blockchain, Reltime facilitates open, permissioned, and decentralized financial activities, offering transparency, security, and efficiency in trading, lending, and asset management. Their user-friendly Non-Custodian wallet, Super app, and commitment to education aim to make blockchain technology accessible to individuals, businesses, and developers, fostering a decentralized and equitable future.

NFTScan raised undisclosed amount in a Strategic  funding round from BitJungle*.

NFTScan is a developer of a non-fungible token explorer and analytics platform, offering asset data and visual analysis. The platform provides professional data search and query functions, including collections, contracts, and wallet addresses, enabling users to make informed investment decisions in the NFT space.

Morph raised undisclosed amount in a  funding round from Bitget*.

Morph is a Layer 2 consumer blockchain that combines Optimistic and ZK roll-up technologies, providing efficient scaling and security for value-driven decentralized applications (dApps). Its features, including a Decentralized Sequencer Network and Responsive Validity Proof system, aim to ensure scalable, secure, and cost-effective Layer 2 transactions while countering issues like MEV dominance.

GFO-X raised $30M in a Series B  funding round from M&G Investments*.

GFO-X is the UK's regulated trading venue for digital asset derivatives, provides institutional investors with a secure platform for trading Bitcoin index futures and options. Authorized and regulated by the UK Financial Conduct Authority, GFO-X partners with LCH SA to offer centrally cleared derivatives, ensuring a safe and transparent environment for large institutions in the digital asset market.

Dovi raised undisclosed amount in a Strategic  funding round from KuCoin Labs*.

Dovi is a community-driven Bitcoin Layer 2 platform that combines Bitcoin's security with Ethereum's smart contract capabilities. With EVM compatibility, it enhances scalability, reduces fees, and fosters a more secure and decentralized financial ecosystem. Dovi features efficient transaction processing, significantly reduced network fees, a safer consensus mechanism, and scalable second-layer network capabilitie.

* fund, that lead investment round