Crypto Fundraising weekly
Dates: 11 – 17, Jun 2023

This week's biggest funding round

Gensyn raised $43M in a Series A funding round from Andreessen Horowitz (a16z crypto)*, CoinFund, Canonical Crypto, Protocol Labs, Eden Block, Maven 11 Capital, Zee Prime Capital, Jsquare, Id4 Ventures, M31 Capital.

Gensyn Protocol is a layer-1 trustless protocol for deep learning computation that rewards participants for their compute time. It facilitates task distribution and payments through smart contracts, ensures the verification of completed ML work and creates a decentralized AI compute network.

Pre-seed and Seed investment rounds

Poko raised $4.5M in a Seed funding round from Y Combinator*, NAZCA*, Global Founders Capital (GFC)*, Goodwater Capital, Soma Capital, Amasia, CreditEase, Dentsu Ventures, Orange DAO, MS&AD Ventures.

Poko is a web3 payment solution specifically designed for digital businesses. With a focus on seamless asset transfers from local payment systems to web3 infrastructure, Poko's B2B2C model serves web3 wallets, marketplaces, and decentralized apps. Their current offerings include an on-ramp aggregator and a direct checkout, with plans for future projects like virtual card services and a savings product to enhance user experiences.

Intuition raised $4M in a Seed funding round from Superscrypt*, Shima Capital, WWVentures, Polygon Ventures, Avon Ventures, ConsenSys, Matrixport Ventures, Polymorphic Capital, GSR, ArkStream Capital, Open Web Collective OWC, NewTribe Capital, Primal Capital, Orange DAO, THE LAO, DAO Jones, Punk DAO, Spaceship DAO, Artichoke Capital, Tangent Ventures, Pulsar, Fight Club.

Intuition is a decentralized platform that aims to enhance the quality and accessibility of social knowledge by providing infrastructure, tools, and applications for creating an open and flexible knowledge graph. Users can create attestations about any subject, which are stored in a navigable and queryable manner, and can be leveraged by other applications. Intuition's protocol and middleware enable seamless integration of attestations and the knowledge graph into third-party applications.

Mnemonic raised $6M in a Seed funding round from Salesforce Ventures*, Polygon Ventures, Orange DAO, Fin Capital, FJ Labs.

Mnemonic is the first NFT intelligence platform and the first B2B NFT company that is developed to facilitate API and cross-chain aggregation functionalities, which enable developers to build NFT-centric applications.

BoomFi raised $3.8M in a Seed funding round from White Star Capital*, Passion Capital, Blockchain Founders Fund, Kraken Ventures, GSR, Aquanow, Mantle Network.

BoomFi is an all-in-one processing platform that enables businesses and merchants to accept digital currencies seamlessly. BoomFi simplifies crypto payments with features like multi-party settlement, free trials, discounts, and token gating.

Ironforge raised $2.6M in a Pre-seed funding round from Reciprocal Ventures*, Hash3, 6th Man Ventures (6MV), Alchemy Ventures, Monoceros Ventures, Portage Ventures.

Ironforge is a serverless Solana development platform that streamlines integration of the Solana blockchain into existing systems and enhances the developer experience. It offers features like low-cost data retrieval, RPC smart routing, automatic parsing and many other features, aiming to become the standard for building Solana applications.

Other investment rounds

Bit2Me raised $15M in a  funding round from Investcorp*, Telefónica Ventures, Stratminds VC, Cardano, Yield Guild Games (YGG).

Bit2Me is a Spanish cryptocurrency exchange that enables users to purchase digital currencies through bank transfers. The B2M Token, part of Bit2Me's ecosystem, provides payment solutions that bridge the gap between cryptocurrencies and traditional money systems.

Connext raised $7.5M in a Strategic  funding round from Polychain Capital, Polygon Ventures, Coinbase Ventures, Ethereal Ventures, 1kx, Hashed, Scalar Capital, NGC Ventures, IOSG Ventures, Fenbushi Capital, A Capital, No Limit Holdings (NLH), Factor, Dokia Capital.

Connext is an interoperability protocol that enables fast, non-storage-related asset transfers between blockchains and contract work between EVM-compliant blockchains.

* fund, that lead investment round