Crypto Fundraising weekly
Dates: 11 – 17, Apr 2022

This week's biggest funding round

Circle raised $400M in a funding round from BlackRock, Fidelity Management and Research Company, Marshall Wace, Fin Capital.

Circle is a global financial technology company that offers a range of products and services related to digital assets. Its flagship product, USD Coin (USDC), is a stablecoin pegged to the US dollar and fully backed by cash and US Treasury bonds. Circle also provides a cryptocurrency exchange, payment processing, and financial tools for businesses, making it a popular choice for both individual users and businesses looking to engage with digital assets securely and efficiently.

Pre-seed and Seed investment rounds

Loop Crypto raised $4M in a Seed funding round from Andreessen Horowitz (a16z crypto), A Capital, Alchemy Ventures, CoinList, Lauren Stephanian, Paul Veradittakit, Imran Khan, Alex Svanevik.

The first smart contract solution that enables automatic recurring crypto payments without locking up funds — it's autopay for web3.

Dfns raised $13.5M in a Seed funding round from White Star Capital, Hashed, Coinbase Ventures, 6th Man Ventures (6MV), Semantic Ventures, abn amro.

Dfns aims to help companies secure digital assets by sharding crypto wallet passwords, known as private keys, and distributing the pieces across a peer-to-peer network.

Blast Royale raised $5M in a Seed funding round from Animoca Brands*, Mechanism Capital*, Play future fund, Dragonfly Capital (ex Metastable Capital), DeFiance Capital, Double Peak Group, Polygon Ventures, Morningstar Ventures, C² Ventures, DWeb3 Capital, Merit Circle, Shima Capital, Avocado Guild, PathDAO, Santiago R. Santos, Ancient 8, Nick Chong.

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.

Socket Supply raised $3.5M in a Seed funding round from Galaxy Digital*, CoinFund*, Castle Island Ventures, 100 Acre Ventures.

Socket Supply is a Cross-Platform Runtime for creating native Desktop and Mobile Apps with HTML, CSS, and JavaScript.

Context raised $19.5M in a Seed funding round from Variant Fund, Sam Altman, Dragonfly Capital (ex Metastable Capital).

Wallet tracking App.

Retrograde raised undisclosed amount in a Seed funding round from Delphi Digital, Hashed, Arrington Capital, Apollo DAO, Jump Crypto, Kenetic, Terra, QI Capital, 0xMaki, Nick Chong.

Terra-based DeFi startup. Retrograde serves to better align yield and governance incentives for Astroport token holders and LPs.

Legends of Elumia raised undisclosed amount in a Seed funding round from Animoca Brands*, Alameda Research, Cryptology AG, YGG SEA, GuildFi, Good Games Guild, PathDAO, The Spartan Group, Kyros Ventures, Infinity Ventures Crypto (IVC), Spark Digital Capital, Master Ventures, Maven Capital, Solar Eco Fund, Ancient 8, Crypto.com Capital.

Legends of Elumia is a Play to Earn, NFT based Massively Multiplayer Online game on PC and mobile.

RociFi raised $2.7M in a Seed funding round from Arrington Capital*, Golden Tree, Nexo, LD Capital, Skynet Trading.

RociFi is DeFi protocol for the under-collateralized lending and the creator of NFCS, Trust and Reputation DeFi credential.

Nomad raised $22.4M in a Seed funding round from Polychain Capital*, 1kx, Hack VC, Ethereal Ventures, Circle Ventures, Amber Group, Archetype, Lattice Fund, Ant Capital (a&t), Hypersphere, Dialectic, Breyer Capital, Figment, LedgerPrime, Robot Ventures, Continue Capital, Wave Financial, Open Web Collective OWC, OpenSea, Crypto.com Capital, Wintermute, Gnosis DAO, Polygon Ventures.

Nomad is an optimistic interoperability protocol that enables secure cross-chain communication. The goal of Nomad is to provide the connective tissue to empower end-users to interact securely across blockchains and developers to build cross-chain applications (or xApps).

Other investment rounds

Shrapnel raised $7M in a  funding round from Dragonfly Capital (ex Metastable Capital), Three Arrows Capital, Double Top.

Shrapnel is a futuristic shoot-'em-up game built on the Avalanche blockchain by Neon games studio that is a spin-off from HBO Interactive.

Civitas raised $20M in a  funding round from Delphi Digital, Three Arrows Capital, Framework Ventures, BITKRAFT Ventures, DeFiance Capital, Dialectic.

Civitas is a fast-paced hand management card game about different government forms.

Avalanche (Ava Labs) raised $350M in a  funding round from .

Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one ecosystem.

Volt Protocol raised $2M in a  funding round from Framework Ventures, Nascent.

Volt Protocol is a decentralized savings and credit system. VOLT is a yield bearing stablecoin that users can mint or redeem using DAI, USDC, or other stablecoins in the future. VOLT is like a deposit in a yield aggregator vault or a lending pool, except it isn't specific to any single stablecoin. Instead, the backing is optimized among denominations and venues in pursuit of the best rates. Doing this in a credibly neutral way at scale is the goal of market governance.

BloXroute raised $70M in a Series B  funding round from SoftBank Fund*, Dragonfly Capital (ex Metastable Capital), Jane Street, ParaFi Capital, GSR Markets LTD, Lightspeed, Rockaway Blockchain Fund (RBF), Flow Traders.

The bloXroute Blockchain Distribution Network (BDN) and DeFi trading tools allow its users to win at crypto trading.

Crurated raised $3.3M in a  funding round from .

Crurated is the London-based membership wine community designed to connect connoisseurs with world-class producers. A team of specialists provides personalized services and authentic experiences, while Crurated's seamless logistics service guarantees quality and provenance thanks to secure wine cellar storage and innovative blockchain technology.

* fund, that lead investment round