Crypto Fundraising weekly
Dates: 14 – 20, Feb 2022

This week's biggest funding round

Helium raised $200M in a Series D funding round from Tiger Global*, Andreessen Horowitz (a16z crypto)*, Ribbit Capital, Pantera Capital, Multicoin Capital, Google Ventures (GV), Seven Seven Six Ventures, Alumni Ventures (AVG), Khosla Ventures, Corner Ventures, FTX Ventures.

Helium is a blockchain network that leverages a decentralized global network of Hotspots — devices that double as network miners and wireless access points — initially to provide long-range connectivity to Internet of Things (IoT) devices, and long-term to connect anything to the internet via a decentralized wireless network such as 5G.

Pre-seed and Seed investment rounds

DIMO raised $9M in a Seed funding round from CoinFund*, Variant Fund, Slow Ventures, Stratos Technologies, Lattice Fund, Table Management, Wonder Ventures, Packy McCormick, Mason Borda.

DIMO is a decentralized data-driven ecosystem fuelled by an entire network of drivers.

Shade Protocol raised $5M in a Seed funding round from SCRT Labs, Figment, KuCoin Labs, Composable Labs, NGC Ventures (NEO Global Capital), SkyVision Capital, Shima Capital, Momentum 6 (M6), Basics Capital, GravityX Capital.

An array of connected privacy-preserving DeFi applications built on Secret Network.

Gemie raised $3.8M in a Seed funding round from Shima Capital*, Infinity Ventures Crypto (IVC)*, NGC Ventures (NEO Global Capital)*, Soul Capital, Kenetic, Spark Digital Capital.

An Asian entertainment-focused metaverse platform and an NFT marketplace that is geared toward allowing top Asian celebrities and entertainment IPs to customize planets and collectibles to interact with fans.

Bullieverse raised $4M in a Seed funding round from OKX Ventures (ex OKEx Blockdream Ventures), 6th Man Ventures (6MV), C² Ventures, GravityX Capital, LD Capital, Rainmaker Games, Genblock Capital, Spark Digital Capital, Roark Fund, Good Games Guild, Shima Capital, Exnetwork Capital, Mintable, DWeb3 Capital, Gate Labs, ZBS Capital, Maven Capital, Fundamental Labs, Good Games Labs, Kernel Ventures, Compute Ventures, Vendetta Capital, Jsquare.

Metaverse startup where you can play games, create experiences and earn rewards.

Ethlas raised $2.7M in a Seed funding round from Sequoia Capital, Yield Guild Games (YGG), GBIC (Global Blockchain Innovative Capital), Venturra Capital, Play It Forward DAO, Genesis Fund, Deus Ex DAO, Hustle Fund.

A Free2Play & Play2Earn GameFi Metaverse, the casual games aggregator platform for players to play games and earn crypto rewards.

MixMob raised $7M in a Seed funding round from DeFiance Capital*, Ascensive Assets, Not3Lau Capital, IOSG Ventures, Merit Circle, Genblock Capital, Shima Capital, Morningstar Ventures, Avocado Guild, Maven Capital, Skynet Trading, Alex Svanevik, Nick Chong.

P2E game Metaverse powered by Solana.

Affine (ex Alpine) raised $1.8M in a Pre-seed funding round from Shima Capital, Script Capital, Jaynti Kanani.

Affine is a decentralized protocol and cross-chain investment and savings app that allows users to invest in multiple assets, including yield generating DeFi protocols, all at once.

Hyperspace (ex Solanalysis) raised $4.5M in a Seed funding round from Dragonfly Capital (ex Metastable Capital), Pantera Capital, Jump Capital, NFX, Galaxy Digital, Shima Capital, Coinbase Ventures, Sfermion, 6th Man Ventures (6MV), Soma Capital, Social Capital, Folius Ventures, Solana Ventures.

Hyperspace was previously a Solana NFT data site, now it's a Solana NFT marketplace aggregator.

Dequency raised $4.5M in a Seed funding round from Borderless Capital*, Algorand Foundation, Endeavor, Riptide Music Group, Vinny Lingham.

Web3 synchronization licensing marketplace. Dequency builds a platform for music and visual creators to connect and collaborate on NFT art and metaverse content.

Portals raised $5M in a Seed funding round from Greylock, Multicoin Capital, Solana Ventures, Foundation Capital, Alameda Research, SINO Global Capital, Mantis VC (The Chainsmokers), Wave7, Cultur3 Capital, SkyVision Capital, MonkeVentures.

Solana-based metaverse startup. Portal's city planning and real estate distribution are designed in a way to ensure a dense, interesting city center for everyone to explore. Portals are starting with an emphasis on user experience first to build an awesome community of builders and players.

Label raised $2M in a Seed funding round from eBEST Investments and Securities, Groom Investment.

LABEL is a blockchain-based music platform that uses a Listen-And-Earn mechanism to reward users with utility tokens for their music playback time, which can be spent within the platform or given to musicians. It also includes an incubation program for musicians and an NFT marketplace for musicians' assets and IP sales.

Other investment rounds

friesDAO raised $5.4M in a  funding round from .

friesDAO (Franchises & Restaurants Integrated Efficiently & Systematically) is a decentralized autonomous organization (DAO) on Ethereum seeking to buy fast food stores and will attempt to bridge blockchain-based governance with real world operations of well known franchise brands.

DeHorizon raised undisclosed amount in a Strategic  funding round from Griffin Gaming Partners*, Circle Ventures*.

DeHorizon aims to provide players with a peak gaming experience while allowing players to have the opportunity to become a grand master in the game.

Fluence raised $9M in a Series A  funding round from Multicoin Capital*, Alameda Research, Tiger Global, Protocol Labs, Polymorphic Capital, Signum Capital, UOB Venture Management, OP Crypto, Arweave.

Decentralized platform designed to enable the freedom of digital innovation via peer-to-peer applications.

Multis raised $7M in a  funding round from Sequoia Capital*, Long Journey Ventures, Sound Ventures, MakerDAO, eFounders, Y Combinator, White Star Capital, Paul Veradittakit.

An all-in-one application to help web3 organizations manage their crypto-finances. Built on Gnosis Safe.

Maverick Protocol raised $8M in a Strategic  funding round from Pantera Capital, Altonomy, Circle Ventures, CMT Digital, Coral DeFi, Gemini Frontier Fund, Golden Tree, Jump Crypto, LedgerPrime, The Spartan Group, Taureon, Tron Foundation.

Maverick Protocol is a permissionless derivatives protocol with an innovative liquidity bootstrapping mechanism— the ALP virtual AMM — that positions liquidity more effectively based on the market price.

Ref Finance raised $4.8M in a  funding round from Jump Crypto, Alameda Research, Dragonfly Capital (ex Metastable Capital), D1 Ventures, OKX Ventures (ex OKEx Blockdream Ventures), KuCoin Labs, SevenX Ventures, Woodstock, Move Capital, Puzzle Ventures.

Ref Finance is the gateway into the NEAR ecosystem through its AMM DEX, which provides liquidity and swapping features.

DexGuru raised $5M in a Strategic  funding round from Shima Capital, HTX Ventures (ex Huobi Ventures), Wintermute, Impossible Finance, Mirana Ventures, Legos Capital.

Trading terminal made for traders in DeFi era, leveraging on-chain analytics combined with token swap execution capabilities.

RabbitHole raised $18M in a Series A  funding round from Greylock*, The Chernin Group (TCG Crypto)*.

RabbitHole is a Web3 participation platform that incentivizes users to learn and contribute to decentralized apps by rewarding them for using crypto applications on smart contract blockchains like Ethereum and Polygon. They are creating a two-sided marketplace for users, contributors, projects, and protocols, where anyone can build an on-chain resume of achievements and find opportunities to work on Web3 projects based on their skills and contributions.

Ceramic raised $30M in a Series A  funding round from Placeholder, Reciprocal Ventures, CoinFund, Jump Crypto, Figment, Hashed, MetaCartel Ventures, Multicoin Capital, Union Square Ventures (USV), Digital Currency Group (DCG), Variant Fund, Dapper Labs, Animoca Brands, Protocol Labs, Coinbase Ventures, ConsenSys, THE LAO, Dialectic, Zee Prime Capital, Edge & Node.

Decentralized data network that brings unlimited data composability to Web3 applications.

Gemini raised undisclosed amount in a Strategic  funding round from Blockchain Infrastructure Alliance*.

Gemini is a cryptocurrency exchange and custodian that allows users to buy, sell, store, and earn interest on digital assets. It is one of the largest and most reputable cryptocurrency exchanges in the world, and it is known for its strong security features and user-friendly interface. Gemini is committed to making cryptocurrency more accessible and secure, and it is constantly working to improve its platform.

Axelar Network raised $35M in a Series B  funding round from Dragonfly Capital (ex Metastable Capital), Polychain Capital, North Island Ventures, Rockaway Blockchain Fund (RBF), Cygni Capital, Lemniscap, Olive Tree Capital, Blockchange Ventures, Node Capital.

Axelar is the universal overlay network, securely connecting blockchain ecosystems, applications, assets and users to deliver Web3 interoperability.

Aurigami raised $12M in a  funding round from Dragonfly Capital (ex Metastable Capital)*, Polychain Capital*, Mechanism Capital, Amber Group, Jump Crypto, Coinbase Ventures, Alameda Research, Lemniscap, QCP Capital, DeFiance Capital, Folius Ventures, D1 Ventures, Genblock Capital.

Aurigami is a decentralised, non-custodial liquidity protocol.

Kyro Digital raised $10M in a Series A  funding round from Avalanche, Polygon Ventures, Rally, Tezos, Decasonic, Drive Capital, Fenbushi Capital, Signum Capital, UOB Venture Management.

The first native Web3 builder, and software-as-a-service platform for crypto marketplaces.

* fund, that lead investment round