Crypto Fundraising weekly
Dates: 15 – 21, Mar 2021

This week's biggest funding round

Bitpanda (ex Trustology) raised $170M in a Series B funding round from Valar Ventures*, DST Global.

Bitpanda is a European neobroker on a mission to democratize the complex world of investing.

Pre-seed and Seed investment rounds

Syndicate raised $1M in a Seed funding round from IDEO CoLab Ventures*, Electric Capital, CoinFund, Alliance DAO (ex DeFi Alliance), Robot Ventures, Nascent, Kleiner Perkins.

Syndicate is a decentralized investing protocol and social network that enables investors and communities to create Web3-native investing DAOs.

Overlay raised $2.2M in a Seed funding round from Polychain Capital, 1kx, ParaFi Capital, THE LAO, MetaCartel Ventures, MH Ventures.

Overlay Protocol is a decentralized platform on Ethereum that allows users to build positions on various markets or data streams without relying on traditional counterparties. It offers markets based on price data feeds and non-manipulable & non-predictable data feeds, and users build positions against the protocol itself or every other OVL holder simultaneously, eliminating the need for liquidity providers or market makers. Trading is done with OVL tokens, which serve as collateral and are minted as profit or burned as losses in positions.

Transak raised $660K in a Seed funding round from ConsenSys*, THE LAO*, IOSG Ventures*, Lunex*, Koji Capital*.

Transak is a developer integration toolkit that simplifies the process of onboarding users to buy and sell crypto in blockchain applications. It offers API-driven fiat payment methods and handles KYC, compliance, and customer support, making it easy for developers to enable fiat-crypto on- and off-ramping. With Transak, mainstream users can access web3 apps more easily, and developers can increase their revenue while customizing the integration according to their needs.

Other investment rounds

Linear raised $1.8M in a Public sale  funding round from .

Linear - cross-chain compatible, decentralized delta-one asset protocol which helps to cost-effectively create, manage, and trade synthetic assets.

OpenSea raised $23M in a Series A  funding round from Andreessen Horowitz (a16z crypto), Standard Crypto, Blockchain Capital, Flamingo, Linda Xie, Justin “3LAU” Blau, Justin Kan, Metapurse, 1confirmation, Balaji Srinivasan, Kevin Hartz, Mark Cuban.

A gas-free marketplace for NFTs on Polygon that allows people to easily create, sell and buy NFTs.

* fund, that lead investment round