Crypto Fundraising weekly
Dates: 13 – 19, Sep 2021

This week's biggest funding round

Avalanche (Ava Labs) raised $230M in a funding round from Polychain Capital*, Three Arrows Capital, Republic Crypto, Dragonfly Capital, Coin Merge Strategy (CMS), Collab+Currency, Lvna Capital.

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

Pre-seed and Seed investment rounds

RCRDSHP raised $5M in a Seed funding round from Dapper Labs, Metakovan, Twobadour.

RCRDSHP is the NFT platform designed for electronic music fans and artists.

Minterest raised $6.5M in a Seed funding round from KR1 plc, Digital Finance Group (DFG), Coin Merge Strategy (CMS), Digital Strategies, Fomocraft Ventures, Bitscale Capital, PNYX Ventures, CMT Digital, Faculty Capital.

Minterest is a ground-breaking lending protocol built by industry leaders to service billions in TVL and to challenge existing DeFi incumbents.

Kollect raised $2M in a Seed funding round from OKX Ventures (ex OKEx Blockdream Ventures), FBG Capital, Soul Capital, Kenetic, Kyros Ventures, Vendetta Capital, Infinity Ventures Crypto (IVC).

Kollect is a gamified collection card universe powered by NFT.

Domination Finance raised $3.2M in a Seed funding round from ParaFi Capital*, Dragonfly Capital, AU21 Capital, Shima Capital, LD Capital, HTX Ventures (ex Huobi Ventures), OKX Ventures (ex OKEx Blockdream Ventures), GSR Markets LTD, Coingecko, Inception Capital (ex OP Crypto), Sandeep Nailwal.

Domination Finance is a non-custodial financial instrument and exchange that allows users to trade dominance pairs or earn trading fees by providing liquidity.

Stardust raised $5M in a Seed funding round from Framework Ventures*, Kleiner Perkings, Blockchain Capital, Distributed Global, Maven 11 Capital, NGC Ventures (NEO Global Capital), Double Peak Group, G1 Ventures, Multicoin Capital, CMT Digital, Lattice Fund, Inception Capital (ex OP Crypto), Red Beard Ventures, Triblock, Fulgur Ventures, Gabby Dizon, Sebastian Borget.

Stardust is a SaaS, blockchain agnostic, platform that offers a seamless “low code” integration of NFTs for game studios. Stardust provides access to tools for indie developers and Triple-A developers looking to build in the metaverse. Its low-code, blockchain-free API claims to enable fast NFT integration in a cost-effective way.

PrimeDAO raised $2M in a Seed funding round from LD Capital, TokenInsight, Stacker Ventures, Signum Capital, Stratos Technologies, Faculty Capital, ID Theory, Meld Ventures.

PrimeDAO is an ecosystem of builders and creators committed to the systemic advancement of Open Finance.

Matterless raised $1.3M in a Seed funding round from Outlier Ventures, Cadenza, Kenetic, NGC Ventures (NEO Global Capital), ArkStream Capital.

Matterless is a venture-backed startup creating digital companions and toys made for the augmented reality metaverse.

FUFU raised $1.7M in a Seed funding round from Morningstar Ventures, Genesis Block Ventures Capital (GBV), Faculty Capital, BoxMining, 4SV, Impossible Finance, Black Edge Capital, x21 Digital.

FUFU is the go-to platform for users to create quizzes, share them with friends, and earn NFTs through our reward system.

Apollo DAO raised $2.2M in a Seed funding round from Pantera Capital, GSR Markets LTD, PNYX Ventures, SkyVision Capital, Taureon, Yunt Capital, Global Coin Ventures, Sneaky Ventures, Do Kwon.

Apollo DAO is a yield agregator on Terra blockchain and yield management platform leveraging cross-chain and complex DeFi strategies.

Ramp Network raised $10M in a Seed funding round from NFX*, Galaxy Digital*, Seedcamp, Firstminute Capital, Fabric Ventures, Balaji Srinivasan, Roham Gharegozlou.

Ramp is a crypto payments firm. It's core product is a software development kit for on- and off-ramp payment features where users can buy cryptocurrencies via debit and credit cards, bank transfers and Apple Pay.

Kawaii Islands raised $2.4M in a Seed funding round from Signum Capital*, Mapleblock Capital, HyperChain Capital, AU21 Capital, x21 Digital, Kyros Ventures, SkyVision Capital.

Kawaii Islands is an anime-inspired NFT game that enables players to earn while they play the game.

Other investment rounds

LayerZero raised $6.3M in a Series A  funding round from Multicoin Capital*, Binance Labs Fund*, SINO Global Capital, DeFiance Capital, Delphi Digital, Robot Ventures, The Spartan Group, Hypersphere, Protocol Ventures, Genblock Capital, Echelon Capital.

LayerZero is messaging protocol that allows for interoperability and facilitates seamless cross-chain messaging across countless blockchains. It provides the underlying infrastructure needed for decentralized applications (dApps) to live across multiple blockchains.

Audius raised $5M in a  funding round from Katy Perry, The Chainsmokers, Nas, Jason Derulo, Pusha T, Mark Gillespie.

Audius is a decentralized music-sharing and streaming protocol that enables artists to distribute their music directly to their fans and receive payment without intermediaries.

Forefront raised $2.1M in a  funding round from 1kx, Divergence, Linda Xie, MetaCartel Ventures, DeFi Collective, Scalar Capital.

Forefront is the launchpad empowering web3 explorers to create at the frontier of tokenized communities. Its goal is to empower, inform and activate human connections and imagination.

Abra raised $55M in a Series C  funding round from Ignia, Blockchain Capital, Kingsway Capital, American Express Ventures (Amex), Stellar Development Foundation, CMT Digital, Kenetic, Lerer Hippeau.

Abra is the all-in-one digital asset custodian where consumers and institutions can buy, sell, trade, store and borrow cryptocurrency.

Immutable X raised $60M in a Series B  funding round from BITKRAFT Ventures, King River Capital, Alameda Research, Prosus Ventures, Galaxy Interactive, Fabric Ventures, Vayner Fund.

Immutable X is the first Layer-2 for NFTs on Ethereum

Bluefin (ex Firefly, dTrade) raised $22.8M in a  funding round from Hypersphere, Polychain Capital, DeFiance Capital, Alameda Research, mgnr, Coin Merge Strategy (CMS), Divergence, Altonomy.

Bluefin is an orderbook decentralized exchange (DEX) for perpetual swaps and options powered by Substrate. Supported by Polkadot’s shared security, high-throughput and low-latency transactions, micro-gas fees, and interoperability across networks, Bluefin provides traders with a derivatives DEX that is both performant and secure.

Amberdata raised $15M in a Series A  funding round from Citi, Franklin Templeton, Galaxy Digital, Hummer Winblad Venture Partners (HWVP), Rovida Kruptos Assets.

Amberdata is the leading provider of digital asset data that delivers comprehensive data and insights into blockchain networks, crypto markets, and DeFi.

Maple raised $1.4M in a  funding round from Framework Ventures*, Polychain Capital*.

Maple is a blockchain-based credit marketplace that operates as an on-chain institutional capital platform. It offers undercollateralized loans to institutional borrowers and fixed-income opportunities for lenders, governed by the Maple Token (MPL). MPL token holders can engage in governance, share in fee revenues, and stake insurance in Lending Pools, enabling participation in the protocol's operations.

Credora (ex X-Margin) raised $8M in a Series A  funding round from Coinbase Ventures*, Hashkey Capital*, The Spartan Group*, Bixin Ventures, Gemini Frontier Fund, Primitive, Kenetic, mgnr, Polychain Capital, Coin Merge Strategy (CMS), Digital Currency Group (DCG), CMT Digital, Wintermute, GSR Markets LTD, ByBit, CoinShares Ventures, Kronos Research.

Credora is an end-to-end lending solution facilitating credit by validating real-time risk metrics in a zero-knowledge environment.

* fund, that lead investment round