Crypto Fundraising weekly
Dates: 13 – 19, Jul 2020

This week's biggest funding round

Robinhood raised $320M in a funding round from Institutional Venture Partners (IVP), TSG Consumer Partners, Two Culture Capital, Sutton Capital.

Pre-seed and Seed investment rounds

Teller Finance raised $1M in a Seed funding round from Framework Ventures*, ParaFi Capital, Maven 11 Capital.

Sorare raised $4M in a Seed funding round from Partech, Fabric Ventures, Semantic Ventures, Cygni Capital.

Sorare is a fantasy football emulator built on NFT cards based on the Ethereum cryptocurrency. It provides digital soccer collectibles in collaboration with big-name teams.

Carbonated (MadWorld) raised $8.5M in a Seed funding round from Andreessen Horowitz (a16z crypto)*, Golden Ventures*, BITKRAFT Ventures*.

Carbonated is a mobile game developer specialising in hardcore PvP games, with their flagship product "MadWorld," a post-apocalyptic NFT shooting game set in a devastated Earth. MadWorld allows players to collect and trade tokenized land assets, engage in third-person shooter gameplay across various maps and modes, recruit and evolve squad mates, and strategically expand their territory while competing against rival clans.

FINEXITY AG raised $1.5M in a Seed funding round from CoinIX Capital.

Evertas raised $2.8M in a Seed funding round from Morgan Creek Capital*, RenGen, Plug and Play Ventures, VY Capital.

Evertas is a cryptoasset insurance company. Evertas focuses on covering institutional holders of cryptoassets including exchanges, custodians, traditional financial institutions, funds, family offices, and ultra-high net worth individuals.

Valid Network raised $8M in a Seed funding round from Ten Eleven Ventures*, Jerusalem Venture Partners (JVP).

Coincover raised $1.7M in a Seed funding round from Development Bank of Wales*, Insurtech Gateway Fund.

Coincover - the platform providing cryptocurrency cover and recovery services.

Other investment rounds

Xangle raised $3.3M in a Series A  funding round from .

XMEX raised $5M in a Series A  funding round from Canada Nuchain Foundation.

Aave raised $3M in a  funding round from Framework Ventures, Three Arrows Capital.

Avalanche (Ava Labs) raised $117.3M in a Public sale  funding round from .

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

METACO raised $17M in a Series A  funding round from Avaloq, SICPA.

EGW Academy raised $2M in a  funding round from EGW Capital*.

* fund, that lead investment round