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Crypto Fundraising weekly
Dates: 10 – 16, Jan 2022

Summary

During this week 14 blockchain startups has raised $273.7M in funding:

  • Unknown round: 1 startup $150M
  • Series A round: 4 startups $71M
  • Seed round: 8 startups $37.7M
  • Strategic round:   (1 startup) $15M
0
$50M
$100M
$150M

Investments by ecosystem

This week's biggest funding round

NEAR Protocol raised $150M in a funding round from Three Arrows Capital*, Mechanism Capital, Dragonfly Capital (ex Metastable Capital), Andreessen Horowitz (a16z crypto), Jump Capital, Alameda Research, Zee Prime Capital, Amber Group, Folius Ventures, 6th Man Ventures (6MV), Circle Ventures, MetaWeb Ventures, Alan Howard, Santiago R. Santos, Stani Kulechov.

NEAR is a decentralized application platform which is built atop the NEAR Protocol, a revolutionary public proof-of-stake blockchain.

Pre-seed and Seed investment rounds

Giddy raised $8M in a Seed funding round from Pelion Venture Partners*.

Giddy is a self-custody smart wallet aims to provide financial freedom to more people by making DeFi accessible to everyone through an easy-to-use mobile app with features such as a recoverable private key, fiat onramp and offramp capabilities, and single-swipe staking into multiple DeFi protocols.

Bribe Protocol raised $4M in a Seed funding round from The Spartan Group, Dragonfly Capital (ex Metastable Capital), Hypersphere, Fundamental Labs, Fenbushi Capital, Shima Capital, Rarestone Capital, IOSG Ventures.

Bribe is a protocol revolutionizing dGov by incentivizing protocol participation

Entropy raised $2M in a Seed funding round from Dragonfly Capital (ex Metastable Capital)*, THE LAO*, P2P Capital*, Naval Ravikant.

Entropy provides crypto custody services to keep private keys secure and make assets available on demand.

Seashell raised $6M in a Seed funding round from Khosla Ventures, Kindred Ventures, Coinbase Ventures, Founders fund, Vlad Tenev, Mark Cuban, MH Ventures.

Seashell is a service that provides high yields by converting the funds to stablecoins and providing liquidity across multiple blockchains.

Friktion raised $5.5M in a Seed funding round from Jump Capital, DeFiance Capital, Pillar VC, Libertus Capital, Delphi Digital, SINO Global Capital, Tribe Capital, Castle Island Ventures, Alameda Research, GSR Markets LTD, Petrock Capital, Solana Ventures, LedgerPrime, QCP Capital, Coin Merge Strategy (CMS), Orthogonal Trading, Genesis, Dialectic.

Solana’s largest portfolio and risk manager — built for individuals, DAOs, and Institutional Asset Managers to generate returns across market cycles.

Edge Protocol raised $1.8M in a Seed funding round from Hashed, Alliance DAO (ex DeFi Alliance), Folius Ventures, QI Capital.

The first community-based lending market on Terra.

Lootex raised $9M in a Seed funding round from The Spartan Group*, Infinity Ventures Crypto (IVC)*, LD Capital*, Akatsuki*, Polygon Studios, HTX Ventures (ex Huobi Ventures), OKX Ventures (ex OKEx Blockdream Ventures), Morningstar Ventures, YGG SEA, NGC Ventures (NEO Global Capital), Petrock Capital, Panony, Kosmos Ventures, Daedalus, Avocado Guild, Cherubic Ventures, Palm Drive Capital, Evernew Capital, Yolo Investments, PKO Investments, Kevin Lin.

Blockchain-based trading platform that offers services ranging from software integration to channel sales to its corporate clients.

Itheum raised $1.5M in a Seed funding round from Morningstar Ventures*.

Itheum is a startup, enabling data to be transformed into assets and traded in an open marketplace.

Other investment rounds

Chingari raised $15M in a Strategic  funding round from Republic*, OKX Ventures (ex OKEx Blockdream Ventures)*.

India’s short-video sharing platform.

Fan Controlled Football raised $40M in a Series A  funding round from Animoca Brands, Delphi Digital, Gemini Frontier Fund, Lightspeed.

A pro football league that lets spectators who own crypto call the plays in the game.

Web3 Auth raised $13M in a Series A  funding round from Sequoia Capital, Union Square Ventures (USV), Multicoin Capital, FTX Fund, Bitcoin.com, Kyros Ventures, LD Capital, Kosmos Ventures.

Simple, Non-custodial auth infrastructure for Web3 wallets and dapps. Social logins, powered by off-chain multi-sigs on the Auth Network.

nCore Games raised $10M in a Series A  funding round from Galaxy Digital*, Animoca Brands*, Polygon Ventures, Symbolic Capital (ex Hyperedge Capital), Sandeep Nailwal.

Mobile games and interactive entertainment company, based out of Bangalore, India.

Burnt (ex Burnt Finance) raised $8M in a Series A  funding round from Animoca Brands*, Multicoin Capital, Alameda Research, Valor Capital Group, Figment, The Spartan Group, Hashkey Capital, DeFiance Capital, Tribe Capital, Alliance DAO (ex DeFi Alliance), Mechanism Capital, Injective, Fantom Foundation, Terra, Vessel Capital, Play Ventures, Polygon Ventures, HTX Ventures (ex Huobi Ventures).

Burnt is a Web3 developer working to advance financial and creative freedom, and they are developing XION, a layer-1 blockchain tailored for consumer adoption. XION aims to simplify Web3 for non-technical users by abstracting crypto complexities. XION uses $USDC as its primary transactional currency, ensuring security, stability, and familiarity in its ecosystem by eliminating bridging risks, price volatility.

* fund, that lead investment round

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