Crypto Fundraising weekly
Dates: 10 – 16, May 2021

This week's biggest funding round

Babel Finance raised $40M in a Series A funding round from Zoo Capital, Sequoia Capital, Tiger Global.

Babel Finance is a leading global cryptocurrency financial institution specialized in serving high-net-worth individual and institutional investors worldwide.

Pre-seed and Seed investment rounds

Kwil raised $100K in a Pre-seed funding round from NxGen.

Kwil is a decentralized database infrastructure provider. Kwil's decentralized, community-owned platform - called KwilDB - is based on SQL, a standard programming language for interacting with large databases.

ZKCHAOS raised $1.5M in a Seed funding round from NGC Ventures (NEO Global Capital)*, Spark Digital Capital*, x21 Digital, Kyros Ventures, Moonwhale Ventures, Ruby Capital, AU21 Capital, 3Commas, Morningstar Ventures, Particle, Prom (ex Prometheus Labs), Staked VC (ex StakelyVC).

ZKCHAOS is the first decentralized privacy protocol to enhance privacy for all kind of cryptocurrency through multiple fair games. It means there is a large number of transaction volume contributed by platform players, not mixers.

Bit Country (MNet) raised $4M in a Seed funding round from WWVentures*, Animoca Brands*, Hypersphere*, Digital Finance Group (DFG)*, Digital Renaissance, Republic Capital (ex Republic Labs), Altonomy, SevenX Ventures, AU21 Capital, Coin Merge Strategy (CMS), Republic Realm, LongHash Ventures, Genblock Capital, LD Capital, Illusionist Group, Moonwhale Ventures, PAKA, OKX Ventures (ex OKEx Blockdream Ventures), Shima Capital, Antifund VC, NGC Ventures (NEO Global Capital), Kernel Ventures, Moonrock Capital, Blocksync Ventures, Marshland Capital, Vendetta Capital, GFS Ventures, Sub0 Capital, SkyVision Capital, 18 ventures, mgnr, Lotus Capital, Waterdrip Capital, Ratio Ventures, YBB Foundation.

Bit.Country is a Metaverse as a Service Platform - MaaS. Users can launch their own metaverse project in 12 seconds. In each metaverse, it comes with an NFT Marketplace, Map Engine, Land Economy, NFT Facilities and Customizable 3D World Engine.

Bluefin (ex Firefly, dTrade) raised $6.4M in a Seed funding round from Three Arrows Capital, HTX Ventures (ex Huobi Ventures), Polychain Capital.

Bluefin is an orderbook decentralized exchange (DEX) for perpetual swaps and options powered by Substrate. Supported by Polkadot’s shared security, high-throughput and low-latency transactions, micro-gas fees, and interoperability across networks, Bluefin provides traders with a derivatives DEX that is both performant and secure.

Attrace raised $2.5M in a Seed funding round from Deribit, Coinstone Capital.

Attrace is a decentralized trust referral network.

Spherium raised $3.3M in a Seed funding round from OKX Ventures (ex OKEx Blockdream Ventures), Gate Labs, Rarestone Capital, Swiss Founders Fund (SFF), LD Capital, NGC Ventures (NEO Global Capital), x21 Digital, SL2 Capital, Twin Apex Capital, AU21 Capital, GBIC (Global Blockchain Innovative Capital), Titans Ventures, DCI capital (Dutch Crypto Investors), Exnetwork Capital, Wolfedge Capital, Inclusion Capital, Petrock Capital, CSP DAO, Chronos Ventures, T3E.

Spherium provides a single platform for multi-asset, cross-chain swaps, crypto financing solutions, and cross-chain operability.

Hashdex raised $26M in a Seed funding round from Coinbase Ventures, SoftBank Fund, Valor Capital Group.

Hashdex is a pioneer in crypto asset management, providing innovative investors access to the crypto ecosystem through simple and secure products.

Opolis raised $4.8M in a Seed funding round from Badger DAO, MetaCartel Ventures, ConsenSys, MakerDAO, Metapurse, AngelDAO, CSP DAO, Pickle Finance, ID Theory, Red Beard Ventures, Mitchell Ventures.

Opolis is a decentralized employment platform that empowers independent workers by providing them with the benefits and security traditionally associated with salaried jobs while maintaining their freedom and flexibility. Through Opolis, workers have access to automated payroll processing, compliance services, and affordable group healthcare benefits, allowing them to design their work according to their personal preferences.

NiiFi raised $3M in a Seed funding round from DARMA Capital, A195 Capital, AU21 Capital, Blocksync Ventures, Lotus Capital, Moonwhale Ventures, Protocol Ventures.

NiiFi is a decentralized exchange (DEX) being built on Nahmii – a layer two system for boosting Ethereum’s transaction capacity.

ParaSwap raised $3M in a Seed funding round from Blockchain Capital, White Star Capital, Alliance DAO (ex DeFi Alliance), NxGen, Andre Cronje.

ParaSwap aggregates decentralized exchanges and other DeFi services in one comprehensive interface.

Duet Protocol raised $3M in a Seed funding round from Draper Dragon*, OMNILab Foundation*, One Block Capital Advisory, Moonwhale Ventures, LD Capital, Zonff Partners, ArkStream Capital, Everest Ventures Group (EVG), DCI capital (Dutch Crypto Investors).

Duet protocol is a synthetic asset protocol that allows traditional assets to migrate to high-growth crypto-assets.

Rangers Protocol (ex Rocket Protocol) raised $1.2M in a Seed funding round from Pantera Capital, Framework Ventures, SevenX Ventures, Hashkey Capital, SNZ Holding, Puzzle Ventures, Spark Digital Capital.

The Asia-based Rangers Protocol describes itself as a provider of “virtual worlds blockchain infrastructure,” which allows entrepreneurs and creators to build on top of the platform in a permissionless environment. Rangers Protocol includes a cross-chain protocol, nonfungible token protocol and Ethereum Virtual Machine compatible system.

Other investment rounds

Suterusu raised undisclosed amount in a Strategic  funding round from Alliance DAO (ex DeFi Alliance), FBG Capital, Dialectic, Continue Capital, Fundamental Labs, LayerX Capital.

Suterusu is a first layer-2 privacy protection protocol that doesn't need a trusted setup.

HashMix raised $3M in a  funding round from Hashkey Capital, Fenbushi Capital, Continue Capital, Genesis Block Ventures Capital (GBV), SevenX Ventures, Kenetic, FBG Capital, LongHash Ventures, Morningstar Ventures, Ant Capital (a&t), QTUM VC.

HashMix is a decentralized platform that allows for the tokenization and circulation of hash power. It makes use of multi-signature, smart contract, and cross-chain technology to generate and validate proofs of specific hash power on the blockchain. The platform issues hash power NFT tokens to eliminate the need for centralized endorsement, enabling the free circulation of hash power. The ownership of hash power and yields is ensured through the use of these tokens.

Don-key raised $180K in a Public sale  funding round from .

Don-key aims to bring the missing social element to DeFi, making yield farming more accessible and profitable for everyone.

Pinknode raised $150K in a Public sale  funding round from .

Pinknode is focused on building the most secure, reliable and scalable infrastructure layer on Polkadot networks.

Cryptomeda raised $2.7M in a Strategic  funding round from x21 Digital*, AU21 Capital*, Metrix Capital*, Magnus Capital, Blocksync Ventures, Lotus Capital, GD10 Ventures, Black Dragon, MintedLab, Spark Digital Capital, Moonwhale Ventures, Titans Ventures, CSP DAO, Peech Capital, Bigcoin Capital, LVT Capital, Raptor Group, BlockPact, Angel one, Kardia Ventures, Llama ventures, Signal Ventures, Megala Ventures.

Cryptomeda is a complete in-game ecosystem based on NFTs, complete with an in-game marketplace, NFT collectibles, exciting gameplay, staking.

O3 Swap raised $0.9M in a Public sale  funding round from .

O3 Swap is a cross-chain aggregation protocol, allowing users to access multi-chain liquidity sources on one platform.

Vertalo raised $5M in a Series A  funding round from Coinbase Ventures, Tezos, Wedbush Capital.

Vertalo is an industry-leading solution for digital asset lifecycle management.

dotmoovs raised $840K in a Strategic  funding round from Moonrock Capital, Morningstar Ventures, Spark Digital Capital, Ascensive Assets, Rarestone Capital, Genesis Block Ventures Capital (GBV), AU21 Capital.

DOTMOOVS is a platform powered by blockchain and a state-of-the-art AI system to analyse videos of players performing sports challenges.

Jenny Metaverse DAO raised $7M in a  funding round from Multicoin Capital*, Animoca Brands*, Ascensive Assets*, Metapurse*, IOSG Ventures, Moonrock Capital, The Spartan Group, Morningstar Ventures, 3Commas, Vendetta Capital, Spark Digital Capital, Coingecko, Quantstamp, ParaFi Capital, The New York Times, Santiago R. Santos.

Jenny DAO is one of the first projects to bring DAOs and NFTs into the same orbit. A so-called Metaverse DAO is concerned with the purchase and sale of NFTs, which can be locked into vaults controlled by Unicly Protocol’s smart contract and sold to the highest bidder.

0xNodes raised $3.7M in a Strategic  funding round from Techemy Capital, Magnus Capital, Rarestone Capital, SkyVision Capital, MW Partners, Blocksync Ventures, LaunchCode Capital.

0xNODES is a modularized cross chain yield aggregation protocol utilizing collateralized assets through synthetic swaps.

Big Time Studios raised $10.3M in a Series A  funding round from North Island Ventures (NIV), Digital Currency Group (DCG), OKX Ventures (ex OKEx Blockdream Ventures), Alameda Research, Circle Ventures, Sound Ventures.

Big Time Studios is a Web3 studio developed a free-to-play MMO ARPG Big Time that leverages blockchain technology to enable players to own, trade, and collect in-game assets as NFTs, enhancing character progression and offering real-world value through asset trading. Built on Unreal Engine 5, it provides high-quality graphics, social features like guilds and parties.

Wilder World raised $250K in a Public sale  funding round from .

Wilder World is a decentralized artist DAO and liquid NFT marketplace.

Axie Infinity raised $7.5M in a Series A  funding round from Libertus Capital, Collab+Currency, CMT Digital, Animoca Brands, MetaCartel Ventures, Coingecko, Dialectic, Hashed, Alliance DAO (ex DeFi Alliance), Free Company, Fabric Ventures, Mark Cuban, Gabby Dizon.

Axie Infinity is a Pokémon-inspired gaming platform with a fun and educational way to introduce the world to blockchain and NFT technology. Created by Sky Mavis.

Roseon Finance raised $180K in a Public sale  funding round from .

Roseon Finance is a mobile yield aggregator that manages your crypto + NFT portfolio and optimizes yield across DeFi and CeFi networks.

PERI Finance raised $312.4K in a Public sale  funding round from .

PERI Finance is a decentralized cross-chain synthetic issuance and derivative exchange protocol that provides unlimited liquidity.

Dfyn Network raised $305.5K in a Public sale  funding round from .

Dfyn is a multichain AMM DEX currently functional on the Polygon network.

ColdStack raised $250K in a Public sale  funding round from .

Coldstack will leverage powerful AI technology to provide a unified API as well as unified billing, for the decentralized cloud storage landscape.

Wilder World raised $3M in a  funding round from The Spartan Group*, Digital Currency Group (DCG), Animoca Brands, Republic Realm, Signum Capital.

Wilder World is a decentralized artist DAO and liquid NFT marketplace.

Hypersign raised $1.5M in a  funding round from Twin Apex Capital*, Solidity Ventures, Rarestone Capital, Moonwhale Ventures, GBIC (Global Blockchain Innovative Capital), Twin Apex Capital, Digital Finance Group (DFG), Exnetwork Capital, AU21 Capital, Nabais Capital, Drops Ventures, Master Ventures, LD Capital, NGC Ventures (NEO Global Capital), Digital Currency Group (DCG), Prom (ex Prometheus Labs).

Hypersign is a cross-chain identity protocol and whitelisting solution built on Polkadot & Ethereum.

Arche Network raised undisclosed amount in a  funding round from Ankr Network, Parsiq, StaFi Protocol, Gate Labs, Momentum 6 (M6), Moonwhale Ventures, Cinchblock, 3Commas, Prom (ex Prometheus Labs), Lotus Capital, LD Capital, Chain Capital, Raptor Capital, PAKA.

Arche Network is committed to building a user-friendly decentralized crypto asset store in Metaverse with a DPaaS (Decentralized Protocol as a Service) service architecture that allows sellers to create IGO/INO and MysteryBox contracts with the support of Open Marketplace. Arche treasury will support developers to build their financial product on Arche by using its contract factory and API.

Aleph Zero raised undisclosed amount in a Strategic  funding round from WWVentures.

Aleph Zero is a privacy-enhancing public blockchain featuring integration with the Substrate stack, it solves the shortcomings of current distributed ledger technology platforms by offering superior speed, validation time, scalability, and security.

Vatom Inc. raised $265.1K in a Angel  funding round from Kortschak Investments L.P.*.

Vatom is an enterprise-ready Web3 engagement solution, providing companies with tools to enhance connections with customers, employees, and stakeholders. With a mission to facilitate easy engagement in the emerging Web3, Vatom aims to unlock creative and financial opportunities for both companies and individuals globally.

* fund, that lead investment round