Crypto Fundraising weekly
Dates: 17 – 23, Aug 2020

Summary

During this week 11 blockchain startups has raised $383.9M in funding:

Unknown round: 4 startups $309.5M
Series C round: 1 startup $50M
Strategic round: (4 startups) $23.4M
Seed round: (2 startups) $1M

$103.2M

$206.3M

$309.5M

Investments by ecosystem

This week's biggest funding round

Robinhood raised $200M in a funding round from D1 Capital Partners*, Republic Capital (ex Republic Labs), Arceau, GoldenArc Capital.

Pre-seed and Seed investment rounds

RAMP raised $1M in a Seed funding round from Arrington Capital, ParaFi Capital, Signum Capital, IOST Foundation, Ruby Capital.

Crust Network raised undisclosed amount in a Seed funding round from IOSG Ventures.

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.

Other investment rounds

LeverFi (ex RAMP DeFi) raised $1M in a funding round from Alameda Research, ParaFi Capital, Arrington Capital, IOST Foundation, Signum Capital, Ruby Capital.

LeverFi is a permissionless on-chain leveraged trading platform that allows traders to take leveraged positions on a variety of assets, including cryptocurrencies, stocks, and commodities. LeverFi is powered by smart contracts, which ensure that trades are executed fairly and securely.

Billon Group raised $2.5M in a funding round from British Business Bank.

DIA raised $15M in a Strategic funding round from .

BlockFi raised $50M in a Series C funding round from Morgan Creek Capital*, Valar Ventures, CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, Kenetic, Hashkey Capital.

BlockFi is a financial services provider that offers cryptocurrency owners the ability to secure USD loans by using their crypto-assets as collateral. They offer a range of financial products powered by blockchain technology, including interest-earning accounts and trading services, serving clients globally and across all U.S. states.