Crypto Fundraising weekly
Dates: 14 – 20, Sep 2020

This week's biggest funding round

Velo raised $2M in a Public sale funding round from .

Velo Labs is a blockchain infrastructure company specializing in the development of a compliance-first global settlement network for fast, secure, and cost-effective cross-border payments.

Pre-seed and Seed investment rounds

Gelato Network raised $1.2M in a Seed funding round from IOSG Ventures*, Galaxy Digital*, D1 Ventures, MetaCartel Ventures, THE LAO.

Gelato is a decentralized backend for Web3, enabling developers to craft automated and efficient smart contracts across various EVM-compatible blockchains. With services like Web3 Functions, Automate, Relay, and Gasless Wallet, Gelato streamlines transaction execution and offers a seamless user experience, trusted by numerous leading web3 projects, from DeFi platforms like MakerDAO and PancakeSwap to scaling solutions like Optimism.

Other investment rounds

Crust Network raised undisclosed amount in a Series A  funding round from NGC Ventures (NEO Global Capital), AU21 Capital, Bitscale Capital, Chain Capital, Digital Finance Group (DFG), HASH CIB (Crypto Investment Bank), IOSG Ventures, KNS Group, Lotus Capital, Origin Capital, SNZ Holding, Bitrise Capital, Consensus Lab, Waterdrip Capital.

Crust Network is a decentralized cloud storage provider that prioritizes decentralization, privacy, and data assurance. It supports multiple storage-layer protocols, such as IPFS, and exposes instant accessible on-chain storage functions to users. Crust Network has three main functions: NFT and Metaverse Metadata storage, personal file storage, and Website/dApp hosting.

* fund, that lead investment round