Crypto Fundraising weekly
Dates: 13 – 19, Jan 2020

Summary

During this week 9 blockchain startups has raised $43.8M in funding:

Series A round: 2 startups $33.2M
Unknown round: 4 startups $5.4M
Seed round: 2 startups $5M
Pre-seed round: (1 startup) $200K

$11.1M

$22.1M

$33.2M

Investments by ecosystem

This week's biggest funding round

Lightnet raised $31.2M in a Series A funding round from Hashkey Capital, Signum Capital, Hanwha, Seven Bank, Uni-President Asset Holdings, UOB Venture Management, Du Capital.

Pre-seed and Seed investment rounds

OptionRoom raised $200K in a Pre-seed funding round from NGC Ventures (NEO Global Capital)*, CMS Holdings, PAKA.

Optimism raised $3.5M in a Seed funding round from Paradigm, IDEO CoLab Ventures.

Optimism is a Layer 2 scaling solution for Ethereum that can support all of Ethereum's Dapps. Instead of running all computation and data on the Ethereum network, Optimism puts all transaction data on-chain and runs computation off-chain, increasing Ethereum's transactions per second and decreasing transaction fees.

SIMBA Chain raised $1.5M in a Seed funding round from Elevate Ventures.

Other investment rounds

Ava Protocol (ex OAK Network) raised $367.6K in a funding round from .

Ava Protocol is an intent-based Eigenlayer AVS that facilitates private autonomous transactions for diverse use cases like DeFi, NFTs, and games. It enhances decentralized applications with features such as scheduled and recurring payments, stop-loss orders, and streaming rewards, using an event-driven execution model that triggers cross-chain transactions based on signals like time and price changes. This allows developers to easily automate functions across various blockchains, including Ethereum, ensuring efficient and reliable execution without compromising privacy.