Crypto Fundraising weekly
Dates: 10 – 16, Sep 2023

This week's biggest funding round

Mocaverse raised $20M in a funding round from CMCC Global*, Kingsway Capital, Liberty City Ventures, GameFi Ventures, Koda Capital, Gabby Dizon.

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.

Pre-seed and Seed investment rounds

Fipto raised $16M in a Seed funding round from Serena Capital*, Motier Ventures.

Fipto is a global B2B payments and treasury management solution that leverages blockchain technology for fast, cost-effective, and transparent cross-border payments. It combines traditional payment practices with blockchain capabilities and is registered as a Digital Asset Service Provider (DASP) by the French Financial Markets Authority (AMF).

Layer N raised $5M in a Seed funding round from Founders fund*, dao5 (daofive)*, Kraken Ventures.

Layer N is a high-performance layer-2 blockchain designed to enhance the speed and scalability of financial applications on Ethereum. It focuses on replicating the efficiency of traditional financial markets on the blockchain and aims to enable decentralized, noncustodial offerings for centralized exchanges.

Movement Labs raised $3.4M in a Pre-seed funding round from Varys Capital*, dao5 (daofive)*, Blizzard*, Borderless Capital*, Cross-Chain Ecosystem Fund*, Colony, Interop Ventures, Elixir Capital, BENQI.

Movement Labs is developing a modular framework for building and deploying infrastructure, applications, and blockchains using the Move programming language in distributed environments. Their first product, M1, is a Layer 1 blockchain, offering high TPS, instant finality, native liquidity access, and customizable features. Move, their programming language, emphasizes asset scarcity and access control for secure Web3 development.

Portals fi raised $500K in a Seed funding round from Bankless Ventures, Digital Currency Group (DCG), Founderheads VC.

Portals is a yield and protocol aggregator for transaction bundling and any-to-any swaps in DeFi. It allows users to create and bundle complex actions into a single transaction easily and has a robust API available for developers to create experiences around the Portals ecosystem.

Immix raised $2.7M in a Seed funding round from MassMutual Ventures (MMV)*, Ripple.

Immix is a London-based crypto startup offering a non-custodial trading system for institutional investors. It provides significantly lower latency compared to traditional crypto execution management systems, positioning itself as a faster and cost-effective alternative for Web3 trading.

Club3 raised $3M in a Seed funding round from LinkVC*, Digifinex.

Club3 is a comprehensive Web3 cross-chain community operating system that offers project parties a range of zero-code SaaS tools, including precise user traffic and loyalty management, based on user on-chain and off-chain data. The platform is designed to assist project parties in realizing their Go To Community (GTC) strategy.

Range Protocol raised $3.8M in a Seed funding round from Hashkey Capital*, Nomad Capital*, Spark Digital Capital, Mirana Ventures, Symbolic Capital (ex Hyperedge Capital), Asymmetry Ventures (Asymm Ventures), Comma3 Ventures.

Range Protocol is a DeFi protocol designed to democratize automated asset management, making it more accessible to retail investors. It enables active liquidity managers (ALMs) to create and manage strategies that retail investors can easily subscribe to.

Mythic Protocol raised $6.5M in a Seed funding round from Shima Capital*, Alpha JWC Ventures, Saison Capital, GDP Venture, Planetarium, Arcane Group, Presto Labs, MARBLEX Corp., Emurgo Ventures, Hyperithm.

Mythic Protocol is an entertainment company focused on developing games, media, and platforms for Collaborative Entertainment. Their products include Mythic Protocol Riftstorm, Collaborative Assets with Legacy, and the Decentralized Universal Meta on the Ethereum blockchain using the ERC-721 NFT standard. It aims to empower users to create, share, and own digital assets, potentially revolutionizing the NFT space with a secure and reliable platform backed by experienced developers and entrepreneurs.

Parallax raised $4.5M in a Seed funding round from Dragonfly Capital*, Circle Ventures, General Catalyst, gumi Cryptos Capital, Palm Drive Capital, Comma Capital, Firsthand Alliance, Balaji Srinivasan, Zach Abrams.

Parallax is a global payment platform designed for remote workers, digital nomads, freelancers, and global professionals, enabling them to receive payments from abroad 2x faster and 3x cheaper. Parallax offers a secure and reliable solution for cross-border payments and currency management.

Octav raised $2.7M in a Seed funding round from Nascent, Polymorphic Capital, Parallel Ventures, Spaceship DAO, Investmeows, Possible Ventures, Speedinvest, ACET Capital, DCF God, 0xMaki.

Octav is a free and customizable data analytics platform designed to simplify and decode Decentralized Finance (DeFi) investment activity. It primarily serves traders, tax professionals, and liquid asset management firms, offering pre-tax facilitation, cost-basis calculations, and more for a streamlined DeFi experience.

0xPass raised $1.8M in a Pre-seed funding round from Alliance DAO (ex DeFi Alliance), Hashed Emergent, Alchemy Ventures, Soma Capital, Kommune, Signum Capital, Formulate Ventures, Blockchain Builders Fund, Nonce Classic, Balaji Srinivasan, Cory Levy.

0xPass is a wallet connector that simplifies the process of linking users' wallets to decentralized applications (dApps) by offering a unified ID incorporating both wallet and social account information. Powered by Passport Protocol, a secure and programmable MPC-based distributed key management network, 0xPass aims to provide a secure and reliable method for connecting wallets to dApps.

GamePhilos Studio raised $8M in a Seed funding round from Xterio*, ChainHill Capital*, Animoca Ventures*, SevenX Ventures*, Hashkey Capital, Sanctor Capital, Game7 (GDC), Bas1s Ventures, GSR Markets LTD, Great South Gate (GSG).

GamePhilos Studio is a game development studio known for creating Age of Dino (AOD), a next-generation Massively Multiplayer Online (MMO) strategy game. AOD combines elements from Web3 and traditional gaming platforms, offering players a unique Play and Earn (P&E) experience where they can own in-game assets and earnings through blockchain technology. Set in an enthralling metaverse, AOD features a mix of Simulation Game (SLG) and Role-Playing Game (RPG) elements, including dinosaur care, resource collection, adventures, park building, and epic battles.

Okapi raised undisclosed amount in a Pre-seed funding round from Mirana Ventures*, Mask Network*, GoPlus Security.

Okapi is an attestation platform designed for web3 users to identify valuable decentralized entities and share insights. It prioritizes authentic user reviews and employs advanced algorithms to detect fake feedback, making it a trustworthy compass for the crypto community to discover and invest in Web3 projects.

GRVT raised undisclosed amount in a Seed funding round from ABCDE Capital, Matrix Partners, Delphi Digital.

GRVT (Gravity) is a hybrid exchange platform designed for institutional investors, offering both the user experience of centralized exchanges (CEX) and the security of decentralized exchanges (DEX). It prioritizes lower latency, scalability, and user privacy while implementing strict regulatory compliance (KYC & AML).

Other investment rounds

GasZero raised undisclosed amount in a  funding round from ABCDE Capital*.

GasZero is a gas-free Layer 2 blockchain network that enables trusted users to transfer funds and use on-chain applications without any gas fees. It targets traders, tax professionals, and asset management firms, eliminating obstacles for entry into the Web3 space. GasZero subsidise trusted end-users' gas fees and implements efficient cost-saving mechanisms.

Pafin raised undisclosed amount in a  funding round from DG Daiwa Ventures, Sony Innovation Fund, MZ Web3 Fund.

Pafin is a tech-driven service provider specializing in crypto, finance, and investment. They offer services such as simplified crypto tax calculations (cryptact), intuitive DeFi asset management (defitact), and a financial information portal for investors (fintact). Pafin's expertise spans various domains, providing solutions for individuals navigating the digital world of peer-to-peer transactions.

Mountain Protocol raised undisclosed amount in a  funding round from Castle Island Ventures*, Coinbase Ventures, New Form Capital, Daedalus, Ameen Soleimani, Alex Svanevik.

Mountain Protocol is a decentralized network enabling users to borrow and lend money without traditional financial intermediaries. Users can borrow funds by collateralizing assets like cryptocurrency or NFTs, with loan amounts determined by collateral value, and lenders earn interest based on network supply and demand.

Seedify fund raised $10M in a  funding round from LDA Capital*.

Seedify.fund is a blockchain innovation hub with a DAO-driven seed fund, incubator, and launchpad. It supports blockchain projects through community-driven governance and funding. Entrepreneurs can submit projects for community voting, and successful projects reward stakers and contributors with tokens, creating a DeFi seed fund mechanism. The platform also offers a Launchpad for IDOs with allocation benefits for SFUND holders based on a tiered system.

Flashwire raised $10M in a Series A  funding round from Legend Trading, Cobo, Gate Labs, VeChain, CyberX, SuperChain Capital.

Flashwire is a Singapore-based digital bank with a focus on digital assets, offering users a secure platform to buy, sell, store, and send their digital assets. Flashwire aims to make financial services more accessible and user-friendly by leveraging blockchain technology.

* fund, that lead investment round