Crypto Fundraising weekly
Dates: 14 – 20, Nov 2022

This week's biggest funding round

zkSync raised $200M in a Series C funding round from Blockchain Capital*, Dragonfly Capital*, Lightspeed, Variant Fund, Andreessen Horowitz (a16z crypto).

zkSync is a trustless protocol for scalable low-cost payments on Ethereum, powered by zkRollup technology.

Pre-seed and Seed investment rounds

Zulu raised $5M in a Seed funding round from Cadenza, Nexo.

Zulu is а Colombia-based crypto wallet app.

React raised $4.2M in a Seed funding round from Lerer Hippeau*, Lattice Fund*, Vayner Fund, CoinShares Ventures, Digital Currency Group (DCG).

React network enables individuals and small businesses to connect their storage batteries to the network and in turn earn passive income in the form of cash and tokenized assets for their contribution. Developed by Anode Labs.

Revv raised $5.5M in a Seed funding round from Libertus Capital, Castle Island Ventures, Tribe Capital, DACM, C² Ventures, Palm Drive Capital, Figment, Global Founders Capital (GFC).

Revv is building decentralized marketplace infrastructure in DeFi that will underpin the next generation of efficient, transparent, and resilient global financial markets.

Virtualness raised $8M in a Seed funding round from Blockchange Ventures, Polygon Ventures.

Virtualness is an intuitive, mobile-first platform with free creation tools to design and create user's own branded digital collectibles and associate them with experiences at few clicks of a button.

Heroic Story raised $6M in a Seed funding round from Upfront Ventures, Multicoin Capital, Polygon Ventures.

Heroic Story is a web3 gaming and entertainment studio formed at Y Combinator aims to reimagine traditional tabletop role-playing games (RPGs) for the web3 era.

Veax raised $1.2M in a Pre-seed funding round from Circle Ventures, Outlier Ventures, Skynet Trading, Qredo.

Veax is a decentralized derivative trading protocol on NEAR protocol. Developed by Web3 venture builder Tacans.

PlayEmber raised $2.3M in a Pre-seed funding round from Shima Capital, Big Brain Holdings, Warburg Serres, Huobi Ventures.

PlayEmber’s web3 advertising and experience platform connects brands, creators and games studios with a highly engaged web3 consumer audience within mobile games. The startup also received strong strategic support from the NEAR Foundation.

Yakoa raised $4.8M in a Seed funding round from Brevan Howard Digital*, Volt Capital*, Collab+Currency*, Alliance DAO (ex DeFi Alliance), Uniswap Labs Ventures, Orange DAO.

Yakoa is an NFT fraud detection startup. Yakoa provides tools and an indexer that detects copies or infringement probabilities on original NFTs, ranging from direct forgery to partial or stylistic forgery, which will then notify platforms, brands or creators of these fraudulent activities.

APWine raised $2.6M in a Seed funding round from Greenfield Capital.

APWine is the marketplace for yield derivatives, the first protocol for future yield tokenisation.

Joepegs raised $5M in a Seed funding round from FTX Ventures, Avalanche.

Joepegs is an NFT marketplace on the Avalanche blockchain.

Other investment rounds

Lentra raised $60M in a Series B  funding round from Bessemer Venture Partners, SIG DTI (a Susquehanna International Group Company), Citi.

Lentra is Indian SaaS startup driving lending into the future with its simple, configurable, and secure technology platform that helps accelerate embedded banking with speed at scale.

The The Open Network (TON) raised $10M in a Strategic  funding round from DWF Labs*.

TON (The Open Network) is a fully decentralized layer-1 blockchain developed by Telegram. It offers fast transactions, low fees, user-friendly applications, and eco-friendly features. TON aims to unite various blockchains and the existing internet, providing a scalable and secure platform capable of hosting a wide range of applications and services.

Jumbo Exchange raised $3.5M in a  funding round from Pantera Capital, Huobi Ventures, Big Brain Holdings, DWeb3 Capital, Fundamental Labs, MetaWeb Ventures, Genblock Capital.

Jumbo is an AMM DEX that that allows anyone to be a liquidity provider without convoluting or masquerading the mode by which any users are able to do so. Jumbo leverages Near’s architecture to fully realize the simplicity of developing, tuning, and processing that is present on the Near Blockchain.

Ultimate Champions raised $4M in a Strategic  funding round from Binance Labs Fund.

Ultimate Champions is a Web3 entirely free-to-play and cross-league fantasy sports platform with officially licensed digital cards hosted as NFTs. Players can leverage their sports knowledge to earn rewards that hold long-term value: Cards (NFTs) and Tokens ($MGC/$CHAMP). Developed by Web3 gaming company Unagi.

* fund, that lead investment round