Crypto Fundraising weekly
Dates: 14 – 20, Jan 2024

This week's biggest funding round

HashKey Group raised $100M in a Series A funding round from .

HashKey Group operates the Hong Kong-based crypto exchange. Its core businesses also include HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey Cloud, a world-leading blockchain node validation service provider; HashKey Tokenisation, tokenisation services provider; and HashKey NFT, Web3 PFP incubation and community operation service provider, among others.

Pre-seed and Seed investment rounds

Root Protocol (NFT3) raised $2.5M in a Seed funding round from Animoca Brands*, Signum Capital, Ankr Network, Coin Merge Strategy (CMS), Meltem Demirors, Tekin Salimi.

Root Protocol is a digital identity service and Web3 operating system that serves as a digital identity aggregator, simplifying access to various Web3 platforms. With components like the Root Wallet, Root Account, Root Omni Protocols, Root Chain, and Root SDK, it aims to provide a seamless and user-centric Web3 experience by unifying digital identities, social networks, and diverse decentralized protocols.


Safary raised $2.4M in a Pre-seed funding round from Lemniscap*, Arca Fund, SevenX Ventures, Big Brain Holdings, Saison Capital, Diaspora Ventures.

Safary is a cookie-free tracking platform allows marketers to centralize growth data, analyze various Web3 marketing campaigns, and gain critical insights while prioritizing user privacy. Safary's capabilities include tracking wallets, recording Web3 conversions, and connecting on-chain actions through an intuitive no-code dashboard.

Fetcch raised $1.5M in a Pre-seed funding round from AppWorks*, Hashkey Capital*, LD Capital, Momentum 6 (M6), NGC Ventures (NEO Global Capital), Compute Ventures, GravityX Capital.

Fetcch is a Web3 infrastructure platform focusing on payments and digital rewards, serving as a middleware layer that facilitates chain-agnostic transaction requests directly from wallets and applications. The offers solutions like Deposit Guardrails for secure deposit functions on institutional platforms. Fetcch pioneers pull payments in Web3, introducing a payments connectivity network to simplify the complexities of blockchain payment experiences, enabling users to create custom-branded, interoperable, and chain-agnostic identities for seamless transactions.

Wield raised $1M in a Pre-seed funding round from Lemniscap*, Dan Romero, Colin Armstrong, Rueben Brama, Perry J Randall, Henry Shi.

Wield is a versatile protocol and operating system at the convergence of decentralization and entertainment, designed for an abstract namespace called dimensions, offering applications like wallet communication and gamification while prioritizing decentralization. It introduces Cast, the first Farcaster Layer 2, enabling users to submit Farcaster messages directly to a federated, open-source hub at Wield, bypassing onchain storage fees or Farcaster ID requirements.

Four Pillars raised $500K in a Seed funding round from Kakao Ventures (ex K Cube Ventures), Hashed, Bass Investment.

Four Pillars is a research-based blockchain startup specializing in assisting businesses with the effective implementation of blockchain technology. Leveraging collaboration experience and technical understanding, Four Pillars offers customized solutions, providing timely insights into blockchain technology, legal aspects, and market analysis to streamline the entry of companies into the blockchain market.

Renzo raised $3.2M in a Seed funding round from Maven 11 Capital*, Figment, SevenX Ventures, IOSG Ventures.

Renzo is an Ethereum restaking protocol based on EigenLayer. It simplifies the complexities of restaking on EigenLayer, offering users a more accessible and liquid way to engage with the process. Renzo allows users to deposit ether and, in the future, liquid staking tokens (LSTs), in exchange for ezETH, a liquid restaking token (LRT) usable in DeFi applications. The protocol, which recently launched its beta mainnet, aims to support more blockchains and expand its services to Layer 2 networks and other Layer 1 networks.

Rome Protocol raised undisclosed amount in a Pre-seed funding round from Portal Ventures*.

Rome Protocol is constructing a shared sequencer network on the Solana blockchain, utilizing its high throughput to provide efficient sequencing for rollup solutions and blockchain projects without compromising user experience.

Other investment rounds

DeBox raised undisclosed amount in a Strategic  funding round from DWF Ventures*.

DeBox is a Web3 social platform leveraging blockchain DID (Decentralized Identifier) technology to ensure the authenticity of social information and minimize fraud. It delivers decentralized social features and services, including token-based chat, open platforms for DAO tools, multi-dimensional social graphs, and more, tailored for Web3 communities.


WOO Network raised $9M in a  funding round from Wintermute, Selini Capital, Presto Labs, AlphaLab Capital, Efficient Frontier, Amber Group, Time Research, Pulsar, Riverside Hedge.

WOO Network is a comprehensive ecosystem connecting traders, exchanges, institutions, and DeFi platforms, aiming to address liquidity fragmentation in crypto markets. Incubated by Kronos Research, a prominent crypto quantitative trading firm, WOO Network offers democratized access to top-tier liquidity and trading execution at minimal cost, with its main product being WOO X, a zero-fee crypto trading platform and liquidity aggregator. Additionally, WOOFi provides decentralized liquidity on-chain, and WOO Ventures serves as its official investment arm, while the WOO Token is a utility token integrated across its CeFi and DeFi offerings.

Zbyte raised $5M in a  funding round from Cartography Capital*.

Zbyte is a Web3 infrastructure platform with a mainnet offering a low-code, no-code module for Web2 developers, enabling easy creation of decentralized applications (dApps) across multiple blockchains. It aims to address the scarcity of Web3 developers by providing ready-made components, earning opportunities, learning resources, and a decentralized marketplace through its Decentralized Platform (dPlat).

Kiln raised $17M in a  funding round from 1kx*, Crypto com Capital, IOSG Ventures, Wintermute, KXVC, Kraken Ventures, GSR Markets LTD, Avon Ventures, LBANK Labs.

Kiln is a staking platform that enables users to participate in Ethereum’s security and earn rewards while doing so. Platform provides staking services to clients directly or via an API that enables custodians, exchanges and wallets to offer staking services to its customers.

Flowdesk raised $50M in a Series B  funding round from Cathay Innovation*, Cathay Ledger Fund, Eurazeo, ISAI, Speedinvest, Bpifrance, Ripple.

Flowdesk is a French crypto market maker offering a comprehensive suite of crypto-financial services. Specializing in market-making, OTC trading, and treasury management, Flowdesk's Market Making as a Service provides a plug-and-go tech solution for token issuers, enabling them to manage liquidity and trading strategies across both centralized and decentralized exchanges globally.

AOFverse raised $3M in a  funding round from Animoca Ventures*, Liquid X Ventures, Chain Ridge Capital, Ticker Capital, Flying Falcon, BSCN Gaming Ventures.

AOFverse is a mobile gaming studio known for its Web3 integrations and globally popular intellectual property, highlighted by hits like Army Tactics. With a strong emphasis on deep social connections in gaming, AOFverse is gearing up for the global launch of its PvP game Army of Tactics, aiming to foster a tight-knit community and incentivize player engagement through token-based rewards.

0xScope raised $5M in a Series A  funding round from Hashkey Capital*, OKX Ventures (ex OKEx Blockdream Ventures), GSR Markets LTD, Redpoint, Amber Group, Mask Network, Hash Global.

0xScope is a knowledge graph protocol that aims to standardize and enhance the analysis of Web2 and Web3 data. It provides a range of tools for on-chain data analytics, including entity clustering, activity tracking, and pattern analysis. 0xScope is widely used by researchers, traders, investors, and other stakeholders to gain insights into blockchain entities' behavior and trends.

DIMO raised $11.5M in a Series A  funding round from CoinFund*, Slow Ventures, Consensys Mesh, Borderless Capital.

DIMO is a decentralized car data protocol, focusing on empowering drivers and fleets to collect and view their own car data while earning rewards through the DIMO token. This protocol allows users to connect their cars to the network and participate in its governance, aiming to decentralize the network. DIMO Mobile, the companion app, is an integral part of this ecosystem, facilitating user interaction with the network. The project has experienced significant growth, emphasizing its value for developers and the potential for building innovative car applications.

Thruster raised undisclosed amount in a  funding round from DCF God, CBB0FE, Casey K. Caruso, Popcorn Kirby, Not3Lau Capital, 0xbrent, loomdart, 0xLawliette.

Thruster is Blast's native decentralized exchange (DEX) designed to enhance the trading experience by integrating Blast native yields, custom liquidity solutions, and a user-friendly interface. It provides a comprehensive solution for token development, offering fair launch mechanics, liquidity tools for developers, and supporting yield tooling and social analytics for users.

Canza Finance raised $2.3M in a Strategic  funding round from Polychain Capital*, Protocol Labs, Ava Labs, Bitscale Capital, Stratified Capital, Contango Digital Assets, Kairon Labs, Hyperithm, Stateless Ventures, YTWO VC, Mapleblock Capital, HASH CIB (Crypto Investment Bank).

Canza Finance is an Open Finance Portal that leverages Web3, decentralized finance (DeFi), and a network of local money market players to provide unlimited financial services for emerging markets. By fusing web3.0 technology, DeFi, crypto-assets, and traditional economic infrastructures, Canza Finance pioneers innovation within the web3 ecosystem in Africa, focusing on enabling access to financial tools for small and medium-sized enterprises in Sub-Saharan Africa.

Beoble raised undisclosed amount in a Strategic  funding round from DWF Labs*.

Beoble is a Web3 messaging and social platform that facilitates secure wallet-to-wallet communication, emphasizing end-to-end encryption and decentralized connectivity. The platform introduces the Communication Delivery Graph (CDG) to ensure privacy in both content and delivery path, enhancing user data control. Beoble adopts a community-owned model, rewarding users with points for interactions and promoting equitable revenue distribution among chatroom members.

* fund, that lead investment round