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Crypto Fundraising weekly
Dates: 16 – 22, May 2022

Summary

During this week 18 blockchain startups has raised $223M in funding:

  • Series B round: 3 startups $79.7M
  • Series A round: 5 startups $77.3M
  • Seed round: 6 startups $42M
  • Unknown round: 3 startups $18M
  • Strategic round:   (1 startup) $6M
0
$26.6M
$53.1M
$79.7M

Investments by ecosystem

This week's biggest funding round

Certora raised $36M in a Series B funding round from Jump Crypto, Tiger Global, Galaxy Digital, Electric Capital, A Capital, Framework Ventures, CoinFund, Lemniscap, Coinbase Ventures, VMware.

Making trusted blockchain a reality with fully automatic exact verification technology for smart contracts.

Pre-seed and Seed investment rounds

Legions and Legends (ex Project Arcanas) raised $15M in a Seed funding round from Andreessen Horowitz (a16z crypto), NFX, Coinbase Ventures, Play Ventures, Franklin Templeton, ROK Capital.

Legions and Legends is an NFT-oriented collectible and combat RPG by Azra Games.

Tally Labs raised $12M in a Seed funding round from Andreessen Horowitz (a16z crypto), Dapper Labs, Framework Ventures, Connect Ventures.

A software-enabled Web3 media business blurring the lines between community and creators.

Saga raised $6.5M in a Seed funding round from Maven 11 Capital, LongHash Ventures, Hypersphere, Figment, Polygon Studios, Samsung Next, Chorus One, GSR Markets LTD, C2X, CRIT Ventures, Merit Circle, Hustle Fund, Unanimous Capital, Strangelove Ventures, Tess Ventures.

Saga is a protocol that allows developers to take a single tenant VM and automatically launch it on a dedicated blockchain, complete with fully provisioned validators and an optimally incentivized security structure.

Kaidro raised undisclosed amount in a Seed funding round from WWVentures*.

Kaidro is a virtual universe that will include mobile games, NFT Genesis Collection based on original Webtoon “Kaidro: The Awakening”. It is built by Gadget-Bot, a Los Angeles based design studio known for working with entertainment giants such as Activision, Paramount and EA Games for over 11 years.

Pine Protocol raised $1.5M in a Seed funding round from SINO Global Capital*, The Spartan Group*, Amber Group*, Alameda Research, Shima Capital, Impossible Finance, Gate Ventures.

Pine protocol is a two-sided decentralized non-custodial protocol that facilitates NFT asset-backed loan transactions between lenders and borrowers.

Lighthouse Labs raised $7M in a Seed funding round from Accel, BlockTower Capital, Animoca Brands, Gemini Frontier Fund, White Star Capital.

Lighthouse Labs is the open metaverse navigation engine. Their mission is to build the most extensive search engine of the spatial web to help onboard the next billion users to the open metaverse.

Other investment rounds

Gopax raised $23.7M in a Series B  funding round from Digital Currency Group (DCG)*, Strong Ventures*, Z Venture Capital, KB Investment.

GOPAX is a leading South Korean fast and reliable virtual asset exchange operated by Streamy Co., Ltd.​​

QuestBook raised $8.3M in a Series A  funding round from Lemniscap, Coinbase Ventures, Alameda Research, Dragonfly Capital, Hashed, Polygon Ventures, Balaji Srinivasan, Raj Gokal, Arjun Sethi, Maneesh Sharma.

QuestBook operates an eponymous platform that allows firms to give grants to developers and invest in them in an efficient and more transparent way.

BitGet Wallet (ex BitKeep) raised $15M in a Series A  funding round from Dragonfly Capital*, Ant Capital (a&t), Foresight Ventures, SevenX Ventures, Matrixport Ventures, Bixin Ventures, DHVC (Danhua Capital), Peak Capital, KuCoin Ventures.

Decentralized multi-chain crypto wallet dedicated to providing safe and convenient one-stop digital asset management services.

DoraHacks raised $20M in a Series B  funding round from FTX Ventures*, Liberty City Ventures, Circle Ventures, Gemini Frontier Fund, Sky9 Capital, Crypto.com Capital, Amber Group.

Dorahacks is a decentralized global hacker community and hackathon organizer focusing on blockchain.

FreshCut raised $15M in a  funding round from Galaxy Interactive, Animoca Brands, Republic Crypto, Hashed, SkyVision Capital, Tamarack Global, C2X, Polygon Ventures, Kevin Lin.

FreshCut is a web3 game content platform and community for artists and enthusiasts.

CyberConnect raised $15M in a Series A  funding round from Animoca Brands, Sky9 Capital, Delphi Digital, Protocol Labs, IOSG Ventures, Tribe Capital, GGV Capital, The Spartan Group, Amber Group, Polygon Studios, SevenX Ventures.

CyberConnect is a decentralized social graph protocol that aims to address issues related to centralized control, lost creator value, data siloing, and stifled innovation in Web 2.0 social media. It is built with IPFS and Ceramic, and allows users to truly own their social identities, contents, and connections while providing developers with a rich set of tools to build applications with meaningful social experiences.

Zecrey raised $6M in a Strategic  funding round from Binance Labs Fund.

The layer 2 cross-chain protocol.

DuskBreakers raised $24M in a Series A  funding round from Andreessen Horowitz (a16z crypto), Pantera Capital, FTX Ventures, Breyer Capital, Merit Circle, Recharge Capital (Thematic Ventures), Dragonfly Capital, Daedalus, Sfermion, Global Coin Research (GCR).

DuskBreakers is a sci-fi inspired metaverse and gaming experience powered by blockchain

Coinshift raised $15M in a Series A  funding round from Tiger Global*, Sequoia Capital, Alameda Research, The Spartan Group, Ethereal Ventures, Polygon Studios, Hashkey Capital, Polygon Ventures, Volt Capital, Weekend Fund, Quiet Capital, iSeed Ventures, Sandeep Nailwal.

Coinshift is a crypto treasury management platform that helps businesses and decentralized autonomous organizations.

Truflation raised undisclosed amount in a  funding round from Fundamental Labs, C² Ventures, IBA Ventures, Balaji Srinivasan.

Truflation is an economic data aggregator that provides independent, unbiased, real-time data both on-chain and off-chain. It provides a more accurate and transparent method for monitoring inflation, serving individuals, investors, companies, and institutions in making informed financial decisions. Truflation is the driving force behind inflation-protected Web3 applications and blockchain economies.

May.Social raised $3M in a  funding round from Tess Ventures, Y2Z Ventures, Mask Network, Folius Ventures, SNZ Holding, Kylinhall Partners.

May.Social ("Meet Another You") is a next-generation social platform by SocialFuture, that uses blockchain and AI technology to enable users to create their own 3D virtual worlds with personalized avatars that convey real-time expressions and voices. The interconnected worlds eventually become an open metaverse for socializing and playing, and users can create NFT spaces where avatars and communities reside.

* fund, that lead investment round

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