Crypto Fundraising weekly
Dates: 10 – 16, Nov 2024

This week's biggest funding round

0G Labs raised $40M in a Seed funding round from Hack VC, Delphi Digital, OKX Ventures (ex OKEx Blockdream Ventures), Samsung Next, Bankless Ventures, Animoca Brands, Yat Siu, Sandeep Nailwal, Stanford Blockchain Club, Abstract Ventures, Alchemy Ventures, Blockdaemon Ventures, Foresight Ventures.

0G.ai introduces the first modular AI chain, aiming to revolutionize AI dApps with its infinitely scalable, programmable Data Availability (DA) layer. It offers a unique environment for friction-free development, leveraging Web3 modular infrastructure and advanced tools to unlock Web3's full potential.

Pre-seed and Seed investment rounds

Heurist raised $2M in a Pre-seed funding round from Amber Group, Contango Digital Assets, Manifold, Selini Capital, Sharding Capital, X ventures, Origin Capital, Zephyrus Capital, Mozaik Capital, Steroids Capital, Blue7, DCF God, Altcoin Sherpa, Jack Sun, Andy.

Heurist Protocol is a ZK Layer-2 blockchain network focused on democratizing AI inference by enabling serverless access to open-source AI models with low fees and enhanced privacy. Its ecosystem includes an AI dApp store, a decentralized model registry (dModel Cloud), and an SDK for seamless integration, catering to Web2 and Web3 developers. Heurist also allows GPU miners to contribute computational power for decentralized AI infrastructure.

0G Labs raised $40M in a Seed funding round from Hack VC, Delphi Digital, OKX Ventures (ex OKEx Blockdream Ventures), Samsung Next, Bankless Ventures, Animoca Brands, Yat Siu, Sandeep Nailwal, Stanford Blockchain Club, Abstract Ventures, Alchemy Ventures, Blockdaemon Ventures, Foresight Ventures.

0G.ai introduces the first modular AI chain, aiming to revolutionize AI dApps with its infinitely scalable, programmable Data Availability (DA) layer. It offers a unique environment for friction-free development, leveraging Web3 modular infrastructure and advanced tools to unlock Web3's full potential.

Eidon raised $3.5M in a Seed funding round from Framework Ventures*, Cyber Fund.

Eidon is a decentralized AI data collection platform that uses “Quests” to gather real-world data for training advanced AI models. Users participate in data collection tasks, earning rewards while contributing diverse datasets. Eidon leverages crypto-economic incentives to create privacy-focused, decentralized AI development and includes AI-driven agents (“MemAgents”) for task management and data validation. The platform aims to create high-quality data for AI across applications like speech-to-text and object recognition.

FanDuel (BetHog) raised $6M in a Seed funding round from 6th Man Ventures (6MV)*, Will Ventures, Bullpen Capital, Karatage, Advancit Capital, Josh Hannah, Chris Grove.

FanDuel is a leading online sports betting and daily fantasy sports platform. BetHog is a new cryptocurrency casino and sportsbook launched by the founders of FanDuel, featuring unique games and a player-focused experience. Built on the Solana blockchain, BetHog supports PvP casino games, including exclusive “BetHog Originals,” which provide innovative takes on crash and mines games. A first-of-its-kind PvP feature enables users to play alongside popular streamers. BetHog accepts SOL for its PvP games and also supports bitcoin, ether, and USDT, appealing to the growing crypto gaming market.

Tranched raised $3.4M in a Pre-seed funding round from Speedinvest*, a16z Crypto Startup Accelerator (CSX), Blockwall, Kima Ventures, OVNI Capital.

Tranched is an on-chain securitization protocol enabling fintech lenders and institutional investors to create and invest in structured finance products directly on the blockchain. It provides a tokenized approach to loan pools with transparent tranching, automated reporting, and instant liquidity, allowing for efficient, compliant financing structures. Investors can access senior, mezzanine, and junior tranches with enforceable on-chain security and transparency.

TAC raised $6.5M in a Seed funding round from Hack VC*, Symbolic Capital (ex Hyperedge Capital)*, TON Ventures, Primitive, Animoca Ventures, P2 Ventures (Polygon Ventures), Karatage, The Spartan Group, Paper Ventures, Bitscale Capital, Ankr Network, CMT Digital, Mentat Group, Sandeep Nailwal, Ashwin Ramachandran.

TAC is an EVM-compatible network extension for the TON blockchain, enabling Solidity-based dApps to seamlessly deploy on TON with zero code modifications. It leverages a decentralized bridge to connect EVM functionality with TON’s infrastructure, allowing dApps to integrate directly into Telegram as Mini Apps and reach a vast user base. With automated cross-chain messaging and asset bridging, TAC provides developers with a streamlined path to the TON ecosystem.

Akave raised $3.5M in a Pre-seed funding round from Protocol Labs, Blockchange Ventures, Lightshift, Blockchain Builders Fund (BBF).

Akave is a decentralized Layer 2 data management platform focused on bringing data lakes on-chain with modular storage solutions. Utilizing Filecoin for storage and enhanced by S3-compatible interfaces, Akave provides verifiable, cost-effective, and scalable data solutions. It supports AI workloads, data encryption, and edge computing for efficient AI operations, aiming to deliver high data durability and control across Web3. Akave offers storage policy customization through its Oasis protocol and gateway, targeting AI, blockchain, and Web3 applications with long-term data availability.

mbd raised $3M in a Pre-seed funding round from Mask Network*, Polymorphic Capital*, a16z Crypto Startup Accelerator (CSX), Forward Research, Social Graph Ventures, WAGMI Ventures.

MBD offers AI-driven content personalization, moderation, and discovery solutions tailored for decentralized social media and Web3 applications. It provides pre-built and custom AI models to create real-time, spam-free, and highly engaging user experiences. Developers can use MBD’s API to build personalized feeds, chat interfaces, and advanced filters, catering to Web3’s unique needs for content management and user interaction.

Brevis raised $7.5M in a Seed funding round from Polychain Capital*, Binance Labs Fund*, IOSG Ventures, Nomad Capital, Bankless Ventures, Hashkey Capital.

Brevis is a ZK-powered omnichain data attestation platform, enabling dApps to access and compute full historical on-chain data across multiple blockchains in a trust-free way. It allows developers to integrate data-driven logic, from DeFi to user engagement and identity, by building custom circuits that produce ZK proofs for verification on-chain. This opens use cases like zkBridges, zkDIDs, data-driven DeFi, and more, providing robust infrastructure for cross-chain applications.

MiniTon raised undisclosed amount in a Seed funding round from Waterdrip Capital, Alchemy Pay, Cryptogram Venture (CGV), Web3Port Labs.

MiniTon is a social gaming platform supported by the TON Foundation that introduces “Tournaments as a Service” (TaaS), offering Web2 developers a seamless entry to Web3 with blockchain-based competitive gaming. By enabling developers to create sustainable revenue streams through in-game content rather than token reliance, MiniTon transforms the gaming experience with features like a prediction protocol for investors to engage in tournament performance. Expanding across multiple blockchains (Kaia, Solana, BSC, Ethereum, and Base) with tailored “Mini” series platforms, MiniTon aims to optimize casual gaming in Web3.

Other investment rounds

Thetan World raised undisclosed amount in a  funding round from Blizzard.

Thetan World is a Web3 gaming ecosystem integrating decentralized gaming with NFT marketplaces, social features, and developer tools. Powered by games like Thetan Arena, Thetan Rivals, and Thetan Immortal, the platform enables players to earn tokens, trade NFTs, and participate in tournaments. With SDK support for developers, anti-cheat mechanisms, and wallet integration, Thetan World focuses on creating a seamless and engaging gaming experience tailored for Web3 enthusiasts.

Fintek Securities Pty Ltd. raised undisclosed amount in a M&A  funding round from Crypto com Capital.

Fintek Securities Pty Ltd. is an Australian-regulated brokerage and trading company holding an Australian Financial Services Licence under ASIC. It offers a global trading platform for a wide range of financial instruments, including forex, cryptocurrencies, stocks, ETFs, indices, and commodities. With tailored account options, competitive spreads, and leverage, Fintek provides 24/5 customer support and integrates advanced trading tools for a secure, efficient, and user-friendly experience across devices.

Folks Finance raised $3.2M in a Series A  funding round from Borderless Capital*, Algorand Ventures, Mapleblock Capital, Sovo Ventures.

Folks Finance is a non-custodial DeFi protocol providing financial tools for digital assets. Smart-contract technology empowers Folks Finance to offer advanced strategies while eliminating risks of centralized interference. Users can deposit assets to earn yield, as well as use their deposits as collateral for loans. Integration of the Folks Router DEX aggregator enables native swaps on the protocol and composability with the other operations. Flash loans give developers the keys to deep liquidity. Algo Liquid Governance and Cross-chain Algo Liquid Governance provide the most efficient method of participating in Algorand Governance through gALGO and xALGO, whose use cases continue to expand rapidly.

Prosper raised undisclosed amount in a  funding round from BIT Mining (BTCM).

Prosper is a decentralized protocol bridging Bitcoin mining to the blockchain by providing hashrate-backed tokens ($PROS) representing live Bitcoin mining power. Through a community-driven foundation, Prosper directly owns and manages institutional-grade mining hardware, rewarding token holders with Bitcoin production at cost. Users can stake $PROS, earn Bitcoin rewards, and participate in governance to influence protocol development. Prosper’s mission is to integrate Bitcoin hashrate with Web3, supporting long-term ecosystem growth.

Hook Protocol raised undisclosed amount in a M&A  funding round from Caldera.

Hook Protocol is an NFT-native call options protocol that utilizes a settlement auction to determine the final price of the underlying asset, offering a unique approach to trading options without relying on oracles. Options unlock new yield and hedging opportunities for NFT holders. At the same time, traders can use options to speculate on price movements and access safer leverage.

Utopia raised undisclosed amount in a M&A  funding round from Coinbase.

Utopia Labs is a platform focused on enhancing on-chain payments by providing tools that facilitate secure and efficient payment solutions within the blockchain ecosystem. Recently acquired by Coinbase, Utopia Labs has been instrumental in developing products that streamline on-chain transactions, making them accessible, low-cost, and efficient for users globally.

Blast Royale raised $698.9K in a Public sale  funding round from .

Blast Royale is a mobile Battle Royale game tailored for the web3 generation, offering fast-paced, blockchain-packed gaming sessions. With a focus on player ownership of assets and active participation, the game aims to contribute to mainstream crypto adoption while integrating NFTs for community-generated assets and innovative gameplay experiences. As part of a decentralized gaming community, Blast Royale intends to evolve over time through community contributions and a long-term development roadmap.

Wyden raised $16.9M in a Series B  funding round from Truffle Capital*, PostFinance, Sygnum, FiveT Fintech (ex Avaloq Ventures), C3 Venture Capital.

Wyden is an institutional-grade crypto trading platform that provides end-to-end solutions for managing digital assets. It supports banks, hedge funds, brokers, and asset managers by streamlining the entire trade lifecycle, including order execution, treasury management, and settlement. Wyden enables global connectivity with exchanges and custodians, ensuring best execution through advanced algorithms and automation.

Ennoventure raised $8.9M in a Series A  funding round from Tanglin Venture Partners*, Fenice Investment Group.

Ennoventure provides advanced anti-counterfeit solutions using invisible cryptographic signatures for brand protection. Their technology seamlessly integrates with existing production processes, enabling brands to add secure, invisible marks on packaging without special inks or equipment. Powered by AI and cryptography, Ennoventure’s solution allows consumers and companies to verify product authenticity using smartphone cameras, offering a scalable and zero-capital-expenditure approach to combat counterfeiting across industries like pharmaceuticals, FMCG, and electronics.

Mocaverse (Moca) raised $10M in a  funding round from OKX Ventures (ex OKEx Blockdream Ventures)*, HongShan (ex Sequoia China)*, Republic Crypto, Decima, Kingsway Capital.

Mocaverse is a gamified metaverse product of Animoca Brands featuring unique Moca beings that users can collect, play with, and trade as NFTs. Users can explore the Mocaverse, participate in challenges, customize their Moca beings, and contribute to its development through governance participation.

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

Corn is a Ethereum layer-2 solution built on Bitcoin that enhances Bitcoin’s utility by using it for gas fees in decentralized finance (DeFi) ecosystems. Corn introduces BTCN, a hybrid tokenized Bitcoin backed 1:1 by native BTC, offering Bitcoin holders flexible options for using their assets in DeFi without relying on centralized intermediaries.

Notabene raised $14.5M in a Series B  funding round from DRW Venture Capital*, ParaFi Capital, Wintermute, CMT Digital, F-Prime Capital, Green Visor Capital, Illuminate Financial, Jump Capital, Signature Ventures, Y Combinator, Nextblock, Apollo Global Management.

Notabene is an end-to-end compliance platform designed to help Virtual Asset Service Providers (VASPs) meet regulatory standards such as the Travel Rule. Its SafeTransact platform provides real-time risk management, automating processes like sanctions screening, self-hosted wallet identification, and AML compliance. By offering a unified view of transactions, Notabene enables secure and compliant cross-border crypto transactions, supporting financial institutions and crypto businesses with a comprehensive compliance tool.

Zerion raised undisclosed amount in a Angel  funding round from Cooper Turley, Spencer Noon, Banteg, Alex Gluchowski, Patricio Worthalter.

Zerion is a decentralized finance platform that allows technical and non-technical users to acquire, track and manage DeFi assets.

StakeStone raised $22M in a  funding round from Polychain Capital*, Binance Labs Fund, OKX Ventures (ex OKEx Blockdream Ventures), SevenX Ventures, Nomad Capital, Hashkey Capital, Amber Group, Coinsummer Labs, Bankless Ventures, dao5 (daofive), Symbolic Capital (ex Hyperedge Capital), Arcane Group, Quantstamp, Unity Ventures, Zonff Partners, Youbi Capital, Bonfire Union, Skyland Ventures, GTS Ventures.

StakeStone is a decentralized protocol that offers scalable, yield-optimizing services for Ethereum stakers. It utilizes STONE, a non-rebase token, to represent staked ETH, providing competitive yields across multiple blockchains through decentralized portfolio optimization. StakeStone supports cross-chain compatibility and multi-scenario adaptation, enabling users to maximize capital efficiency with real-time yield generation. It promotes an eco-system where STONE can be utilized in diverse DeFi scenarios, including exchanges, stablecoin minting, lending, and derivatives markets.

Multiledgers raised $1M in a  funding round from Oxygea Ventures*, Indicator Capital*, Koyamaki Ventures.

Multiledgers is a blockchain infrastructure platform offering Blockchain-as-a-Service (BaaS) and Infrastructure-as-a-Service (IaaS) solutions, specializing in multi-cloud and blockchain protocol integration for enterprises. The platform is designed to help businesses create, manage, and integrate blockchain networks for sectors like supply chain, finance, and energy. With a focus on managing environmental certificates and ensuring regulatory compliance, Multiledgers enables secure, cross-cloud value chain tracking and fast-tracked blockchain adoption.

smlXL raised undisclosed amount in a M&A  funding round from Dune.

smlXL is a blockchain infrastructure service platform dedicated to enhancing the utility, accessibility, and transparency of public computers through blockchain technology. It offers various tools and products, including evm.storage, which is a secure and efficient data storage platform for Ethereum smart contracts. smlXL serves as a valuable resource for developers seeking to build and manage blockchain applications and promotes the principles of transparency and accessibility in the blockchain ecosystem.

* fund, that lead investment round