Crypto Fundraising weekly
Dates: 16 – 22, Jul 2023

This week's biggest funding round

Futureverse raised $54M in a Series A funding round from 10T Holdings*, Ripple.

Futureverse is a combination of 11 different startups from sectors including blockchain, artificial intelligence, the metaverse, and gaming. With a focus on providing tech infrastructure for the metaverse and leveraging blockchain for enhanced control over digital identity and data, Futureverse empowers developers to create imaginative worlds and fosters an open ecosystem for content and community engagement in the metaverse.

Pre-seed and Seed investment rounds

Cosmic Wire raised $30M in a Seed funding round from Solana Foundation*, Polygon Ventures*.

Cosmic Wire is a Web3 startup that offers a wide range of infrastructure products and solutions for the next-generation Internet. Their offerings include world-building tools, AI-backed avatars, blockchain analytics, digital identity management, smart contract development tools, and chain-agnostic marketplaces. Cosmic Wire provides a distinctive infrastructure for seamless integration, collaboration, and trustless business in the Web3 ecosystem.

Interface raised $1.4M in a Seed funding round from Polymorphic Capital*, Mask Network*, Seed Club, Caballeros Capital, Safe (ex Gnosis Safe).

Interface is a social app that serves as a human-friendly aggregator of wallet activity in the web3 space, turning it into a social feed. It enables users to connect with friends, discover onchain art, gather knowledge, participate in communities, grow their brand, follow DeFi trends, contribute to projects, and stay updated with everything happening on Ethereum. The app aims to bridge the gap between the complexities of Web3 and ordinary users, empowering them to make informed decisions and engage with the decentralized ecosystem.

Tromero raised $2M in a Seed funding round from BlueYard Capital*.

Tromero is a peer-to-peer blockchain that merges traditional proof of work consensus with Machine Learning to empower secure, democratic, and decentralized ML applications. Tromero supports all AI and ML activities, allowing users to build, train, deploy, host, infer, update, and interact with AI models in a user-friendly and decentralized manner.

Ethena raised $6.5M in a Seed funding round from Dragonfly Capital*, Deribit, ByBit, OKX Ventures (ex OKEx Blockdream Ventures), Gemini Frontier Fund, Mirana Ventures, BitMEX, Maelstrom, Huobi Global, Nascent, Delphi Digital, BlockTower Capital, Lightspeed, Lightspeed Faction, GSR Markets LTD, Wintermute, CMT Digital, Tangent Ventures, Finality Capital, No Limit Holdings (NLH).

Ethena is a startup developing the first-ever ‘internet bond’ and a new Ethereum-based stablecoin USDe that achieves stability by hedging price exposure through shorting Ethereum using perpetual swaps, while their savings bond offers individuals worldwide a dollar-denominated savings instrument with the benefits of decentralized finance.

Other investment rounds

Radiant Capital raised $10M in a  funding round from Binance Labs Fund*.

Radiant Capital is a decentralized omnichain money market protocol that allows users to deposit assets on one chain and borrow supported assets across multiple chains. Built on the Arbitrum ecosystem, it leverages LayerZero's omnichain technology and integrates Chainlink price feeds for security. The RDNT token is used for liquidity mining and governance within the protocol.

Manta Network raised $25M in a Series A  funding round from Polychain Capital*, Qiming Venture Partners*, Alliance DAO (ex DeFi Alliance), CoinFund, SevenX Ventures.

Manta Network is a privacy-focused Layer 2 network that utilizes zero-knowledge proofs to provide secure and scalable solutions for decentralized applications (DApps) on Ethereum. With its testnet, Manta Pacific, and Layer 1 network, Manta Atlantic, the network aims to address privacy and scalability challenges while empowering users to maintain control over their identity and transaction history in a compliant and cost-effective environment.

RISC Zero raised $40M in a Series A  funding round from Blockchain Capital*, Bain Capital Crypto, Galaxy Digital, IOSG Ventures, RockawayX, Maven 11 Capital, Fenbushi Capital, Delphi Digital, Aglaé Ventures, IOBC Capital, Figment, Alchemy Ventures, zeroDAO.

RISC Zero is a crypto startup that is dedicated to developing a scalable and developer-friendly blockchain infrastructure using zero-knowledge proofs. Their mission is to empower developers and infrastructure providers with cryptographic tools to build trustless and decentralized applications, both on and off-chain. Their flagship product, Bonsai, is a computing platform that enables rapid application development and deployment, offering massively parallel zero-knowledge proving functionality to developers in any language and on any blockchain.

Echooo raised $15M in a  funding round from Ant Capital (a&t).

Echooo Wallet is the next generation smart contract wallet powered by ERC-4337 (Account abstraction), combines MPC & AI Technology. Echooo wallet is self-custody and seedless which provides bulletproof security for users' assets.

* fund, that lead investment round