Crypto Fundraising weekly
Dates: 13 – 19, Aug 2023

This week's biggest funding round

ZetaChain raised $27M in a funding round from Blockchain.com (Blockchain Ventures), Human Capital, VY Capital, Sky9 Capital, Jane Street, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Innovation Fund (LIF), GSR Markets LTD, Krust Universe.

ZetaChain is an EVM-compatible Layer 1 blockchain that connects multiple blockchains into a unified ecosystem, enabling interoperable dApps and seamless cross-chain asset transfers without the need for wrapped tokens or bridges. ZetaChain offers externally-managed smart contract capabilities for chains like Bitcoin and Dogecoin, making it a versatile and efficient solution for multichain DeFi, NFTs, governance, and more.

Pre-seed and Seed investment rounds

AegisWeb3 raised undisclosed amount in a Seed funding round from Generative Ventures, Northern Light Venture Capital.

AegisWeb3 is a security product developed by PeckShield that safeguards users from various threats such as phishing, fraud, and hacking during blockchain transactions. It operates as a browser plugin, offering pre-, during-, and post-transaction protection, including contract detection, phishing site alerts, and risk point coverage. AegisWeb3 supports multiple token platforms including Ethereum, BNB Chain, Polygon, and Fantom.

Ellipsis Labs raised $3.3M in a Seed funding round from Electric Capital*, Robot Ventures, Anagram.

Ellipsis Labs builds sustainable and efficient DeFi protocols on high-throughput decentralized infrastructure. Ellipsis Labs’ flagship protocol is Phoenix, a fully on-chain, decentralized limit orderbook on Solana. Ellipsis Labs’ contributions to the Solana ecosystem also include Solana Verified Builds, a tool that verifies the source code of on-chain Solana programs.

CityPay raised $2.2M in a Seed funding round from Tether, Presto Ventures.

CityPay is a digital currency payment solution that enables businesses to accept payments in cryptocurrencies. With multiple payment channels available, including web, email, and POS terminals, CityPay offers a convenient and customizable platform for businesses to receive cryptocurrency payments.

Linera raised $6M in a Seed funding round from Borderless Capital*, Laser Digital, Digital Finance Group (DFG), Cadenza, Eterna Capital, MH Ventures, Matrixport Ventures, L2 Iterative Ventures (L2IV), ArkStream Capital, Flow Traders, GSR Markets LTD, Open Web Collective OWC, Andreessen Horowitz (a16z crypto), Tribe Capital, Cygni Capital.

Linera is a layer 1 blockchain project with the mission to create the first low-latency blockchain that will scale as easily as a web2 application.

Dinari raised $7.5M in a Seed funding round from Third Kind Venture Capital (3kvc), SIG DTI (a Susquehanna International Group Company), 500 Global, Sancus Ventures, Version One Ventures, Balaji Srinivasan.

Dinari aims to provide access to real-world asset backed tokens through of its dShare Platform. The platform offers access to securities such as Apple or Tesla stock using a wallet on the Arbitrum network. The dShare Platform is designed to provide transparent blockchain transactions, immutable proof of ownership, the ability to transact with your crypto wallet, composability with other blockchain products, and instant settlement.

JKLabs raised $2M in a Pre-seed funding round from 1kx*, Seed Club Ventures, Spice Capital, THE LAO, Arweave, Boys Club, Packy McCormick, Sandeep Nailwal.

JKLabs addresses Web3 governance challenges with their on-chain platform, jokerace, enabling contests, hackathons, grants, and voting power based on data-driven decisions. jokerace is a governance platform utilizing on-chain reputations to enhance governance processes. Through jokerace, projects can foster community engagement and assess contributors' influence through data-backed mechanisms.

ZTX (ZepetoX) raised $13M in a Seed funding round from Jump Crypto*, Collab+Currency, Parataxis Capital, MZ Web3 Fund, Everest Ventures Group (EVG).

ZTX (ZepetoX) is a decentralized metaverse that emphasizes self-expression through personalized avatars, land ownership, asset creation, social interaction, DeFi tools, and governance. ZTX empowers creators, players, and communities in a dynamic 3D open world, building on ZEPETO's foundation.

Other investment rounds

Jada AI raised $25M in a  funding round from LDA Capital.

Jada AI provides AI services to enhance decision-making and operational efficiency in organizations within a blockchain-based ecosystem. Jada's goal is to create a Level 3 AGI (Artificial General Intelligence) that can self-learn and autonomously perform tasks across industries, prioritizing human safety. The project is currently in its Incubation Phase, with private access to the Jada Mark I Prototype Series available to select early adopters.

Lore Explorer raised $2.3M in a  funding round from SALT fund, Arca Fund, Floodgate, Balaji Srinivasan.

Lore Explorer, developed by Shuttle Labs, is an AI-powered analytics platform designed to enhance understanding of EVM-compatible networks. Lore's AI-first approach transforms blockchains into accessible and comprehensible sources of information, offering a unified interface for blockchain data exploration, analytics, and real-time automation.

Port3 Network raised $7M in a  funding round from Gate.io Labs, Emurgo Ventures, Adaverse.

Port3 is a one-stop platform to create, utilise and evolve your Web3 identity by aggregating and standardising off-chain/on-chain data to build a Social Data Layer.

* fund, that lead investment round