Crypto Fundraising weekly
Dates: 17 – 23, Nov 2024

This week's biggest funding round

Mara Holdings raised $1B in a funding round from .

MARA leverages blockchain-based digital asset computation to support the energy transformation by converting stranded or underutilized energy into economic value. It deploys scalable data centers powered by excess energy, contributing to sustainability, and optimizing global energy efficiency. MARA focuses on creating value from renewable and waste energy while securing blockchain networks.

Pre-seed and Seed investment rounds

Lnfi Network raised undisclosed amount in a Pre-seed funding round from Hashkey Capital, UTXO Management, Waterdrip Capital, CMS Holdings, Wolf.

LNFi (Liquidity Network Finance) is a decentralized financialization layer (L2.5) built on the Lightning Network. It introduces LightningFi, enabling tokenization and Web3 services for Taproot Assets. LNFi facilitates issuing, trading, staking, gifting, and more across the Lightning Network via Nostr, aiming to enhance asset liquidity and financial capabilities in a scalable, decentralized ecosystem.

Deblock raised $16.8M in a Seed funding round from Headline Asia*, Hoxton Ventures*, 20VC*, Chalfen Ventures*.

Deblock is a crypto wallet and current account solution, offering users the ability to deposit, withdraw, spend, and exchange euros and cryptocurrencies seamlessly. With features like IBANs, virtual/physical cards, and non-custodial wallet functionality, Deblock provides a secure, self-custody platform for managing digital and fiat assets. It operates under DASP and EMI licenses, ensuring compliance and safety for users globally.

Shinami raised $5.6M in a Seed funding round from Race Capital, 6th Man Ventures (6MV), Coinbase Ventures, Circle Ventures, Mysten Labs, Aptos Network, Movement Labs.

Shinami is a developer platform for the Sui and Aptos ecosystems, providing scalable infrastructure solutions like node services, a gas station for fee abstraction, and wallet services to enhance Web3 experiences. Designed for Move-based blockchains, Shinami helps developers build and scale dApps efficiently with tools for seamless integration and user-friendly Web3 interactions.

Barter raised $3M in a Seed funding round from Maven 11 Capital*, Lattice Fund, Anagram, Heartcore Capital, Digital Currency Group (DCG), Daedalus.

Barter is a decentralized finance (DeFi) infrastructure firm focused on enhancing liquidity across various blockchain networks. By providing innovative solutions, Barter aims to improve capital efficiency and accessibility within the DeFi ecosystem.

KOKODI raised $1.1M in a Seed funding round from Merit Circle, Avalanche, Tenzor Capital, SWGI Ventures (SWISS GEM INVESTMENTS), vVv dotnet, DCI capital (Dutch Crypto Investors), Purechain Capital, Kangaroo Capital.

KOKODI is a cross-chain, multi-platform MMO game combining an extraction shooter and battle royale gameplay set in a fantasy world shaped by the imaginations of children. KOKODI offers strategic, action-packed experiences. It caters to both gamers and Web3 users, allowing zero-crypto-knowledge participation while integrating in-game marketplace opportunities for economic engagement. Designed as a cross-media franchise, KOKODI emphasizes high production quality and community-driven gameplay.

Other investment rounds

KGeN (ex Kratos) raised $10M in a  funding round from Aptos Network*, Game7 (GDC), Polygon.

KGeN (Kratos Gaming Network) is a Web3-powered gamer reputation platform leveraging Zero-Knowledge Machine Learning (zkML) to create verifiable, data-rich player profiles. Built on Ethereum, KGeN empowers gamers to own and flex their gaming data, fostering engagement and loyalty. It integrates e-commerce and engagement tools for publishers to optimize CAC and LTV metrics, and offers features like gamified user acquisition, community building, and exclusive rewards. KGeN aims to unify global gaming with decentralized ownership and a focus on emerging markets.

Exponent raised $2.1M in a  funding round from RockawayX*, Solana Ventures, Cherry Ventures, Mechanism Capital, Robot Ventures.

Exponent Finance is a Solana-based DeFi platform offering fixed-rate lending and borrowing solutions. It enables users to lock in predictable yields or access stable funding by leveraging a transparent and risk-managed DeFi infrastructure.

Gunzilla Games raised undisclosed amount in a  funding round from Coinbase Ventures.

Gunzilla Games is a game development studio, known for its innovation in multiplayer gaming. They are working on Off The Grid, a cyberpunk Battle Royale 2.0 game set in a dystopian future. Gunzilla Games empowers players with their GunZ platform, which grants them ownership over in-game possessions and enables in-game item trading using blockchain technology.

Truemarkets raised $4M in a Public sale  funding round from .

TrueMarkets is a decentralized trading platform focused on real-world asset tokenization and financial markets. It provides tools for tokenizing, trading, and managing assets with transparency and compliance. TrueMarkets integrates blockchain technology to streamline the trading of traditional and digital assets within a secure and regulated framework.

Gabby World raised $2M in a  funding round from SevenX Ventures, NxGen, PAKA, Everest Ventures Group (EVG), Cyber, Zonff Partners, OnePiece Labs, Initiate Capital, Kanosei Ventures, Jinwoo Park.

Gabby World is an AI-driven, decentralized gaming platform that enables users to create and explore AI-generated dungeons. Players can craft unique challenges, known as Chapters, or embark on adventures within these dungeons, earning rewards through a “FOMO” (Fear of Missing Out) mechanism. The platform emphasizes user-generated content, allowing players to shape the game world with their creativity. Gabby World operates on a composable game system, integrating blockchain technology to facilitate transparent and decentralized gameplay experiences.

Monkey Tilt raised $30M in a Series A  funding round from Pantera Capital*, Hack VC, Polychain Capital, Mirana Ventures, Accomplice Blockchain, Dream Ventures, Josh Hannah, PokerGO.

Monkey Tilt is an online gambling platform that merges cryptocurrencies with gaming, allowing players to earn real money by predicting whether selected players will surpass or fall short of their statistical predictions.

Canaan Creative raised $30M in a  funding round from .

Canaan is a leading provider of advanced blockchain and AI solutions, known for pioneering ASIC Bitcoin mining hardware, including the Avalon Miner series. The company offers mining solutions with innovative cooling technologies and blockchain integration, catering to industrial-scale crypto mining and AI applications. Canaan focuses on high-performance computing to power blockchain ecosystems globally.

Rise Payroll raised $6.3M in a Series A  funding round from Draper Associates*, Polymorphic Capital*, Digital Currency Group (DCG), Jam Fund, Ryze Labs, Paradigm Shift Capital.

Rise is a Web3-enabled payroll and compliance platform that allows companies to pay contractors using stablecoins or fiat. Its blockchain-based system ensures accurate, immutable transaction records, leveraging stablecoins like USDT or USDC for secure, transparent payments. If contractors prefer fiat payouts, Rise taps into a global network of local partners to handle conversions. The platform automates tax compliance, offers health and travel benefits for contractors, and supports flexible pay schedules.

Bitfinity raised $12M in a  funding round from Polychain Capital, ParaFi Capital, Draft Ventures, Warburg Serres.

Bitfinity is a Bitcoin Layer 2 network, built on the Internet Computer protocol. Bitfinity distinguishes itself by being Ethereum Virtual Machine-compatible, enabling Ethereum developers to create Bitcoin-enabled decentralized applications. This compatibility aims to boost the Bitcoin ecosystem's growth, handling Bitcoin Ordinals and BRC-20 tokens, as well as EVM assets. The platform promises high-speed operations and low costs, intending to enhance decentralized finance on the Bitcoin blockchain.

Noble raised $15M in a Series A  funding round from Paradigm*, Polychain Capital, Foresight Ventures, Wintermute, Informal Systems.

Noble is a specialized blockchain within the Cosmos ecosystem, focused on the issuance and management of native assets. It is designed to provide secure and industry-standard smart contracting capabilities for asset issuance, allowing entities to mint, burn, and manage tokens on the Noble chain.

OpenLayer raised $5M in a  funding round from a16z Crypto Startup Accelerator (CSX), Geometry, IOSG Ventures, The Spartan Group, Public Works, LongHash Ventures, Eterna Capital, MH Ventures, Side Door Ventures, Cadenza, 10K Ventures, IDG Capital.

OpenLayer is a decentralized platform that empowers users to reclaim, own, and share their data securely. By enabling individuals and devices to contribute to a modular system for data collection, validation, and transformation, OpenLayer facilitates the creation of authentic data feeds. Users can earn points for their data contributions, which can be utilized in various applications, including AI training, user targeting, and feature enhancement. The platform emphasizes privacy and consent, ensuring that user data is shared safely while preserving individual privacy.

Blowfish raised undisclosed amount in a M&A  funding round from Phantom.

Blowfish is a security platform dedicated to safeguarding Web3 wallets by proactively identifying and preventing fraudulent activities. It offers a comprehensive Trust & Safety platform that supports over ten blockchain networks, enabling wallets to protect users’ funds effectively. Key features include Dapp Security, which alerts users before they engage with potentially harmful decentralized applications, and Transaction Security, providing transaction previews and automatic risk warnings prior to user approval. Blowfish’s services have been integrated by leading wallets, contributing to the prevention of over 2.8 million scams and the protection of assets exceeding $10 billion.

Membrane Finance raised undisclosed amount in a M&A  funding round from Paxos.

Membrane Finance is a Finnish financial technology company specializing in the development of financial software and services that seamlessly link traditional financial infrastructure with blockchain-based services. As an electronic money institution regulated by the Finnish Financial Supervisory Authority, Membrane Finance is authorized to operate across the EU and EEA. The company is the principal architect of EUROe, an EU-regulated, full-reserve euro stablecoin that brings fiat euro liquidity on-chain. Membrane Finance offers a suite of products and services, including regulated stablecoins in multiple currencies and blockchain integrations, to facilitate hyperconnectivity between traditional and blockchain-based financial economies.

LuluChain raised $5M in a  funding round from DG Capital*, SMO Capital, Unionblock, Bloc Ventures, LD Block.

Luluchain is a modular blockchain platform integrating AI to digitize and manage emotional value. It transforms human emotions into tradable digital assets, creating a secure and personalized ecosystem for emotional data. The platform’s goal is to revolutionize the decentralized world by building an intelligent emotional value network, combining blockchain technology with the quantification and personalization of emotional experiences.

* fund, that lead investment round