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Crypto Fundraising weekly
Dates: 18 – 24, Apr 2022

Summary

During this week 19 blockchain startups has raised $135.3M in funding:

  • Series A round: 4 startups $80.5M
  • Seed round: 12 startups $40.4M
  • Unknown round: 3 startups $14.4M
0
$26.8M
$53.7M
$80.5M

Investments by ecosystem

This week's biggest funding round

Spruce raised $34M in a Series A funding round from Andreessen Horowitz (a16z crypto)*, Okta Ventures, SCB 10X, Robot Ventures, Orange DAO, Ethereal Ventures, Electric Capital, Y Combinator, A Capital, Third Kind Venture Capital (3kvc), Protocol Labs, SV Angel, Gemini Frontier Fund.

Decentralized identity and data control solution startup. With Spruce’s platform, users can control a single account and credentials that can be used to sign on to numerous different services. Unlike an account with Meta or Google, the credentials and all the data within that account are protected by the Ethereum blockchain and cryptographic keys, meaning that only the user has access to the information and no third party can access it without the user’s permission.

Pre-seed and Seed investment rounds

SoundMint raised $1.7M in a Seed funding round from Animoca Brands, Castle Island Ventures, Focus Labs, Sfermion, SkyVision Capital, Tess Capital, Goodwater Capital.

Generative platform for music NFTs.

Pollen Mobile raised undisclosed amount in a Seed funding round from Slow Ventures, Delphi Digital, DISH Wireless, Acorn Pacific Ventures.

Pollen Mobile is a next-generation, privacy-focused, decentralized mobile network owned and operated by its users.

MetaLend raised $5M in a Seed funding round from Pantera Capital*, Collab+Currency, Ancient 8.

NFT lending protocol.

Mad Realities raised $6M in a Seed funding round from Paradigm, Maveron, Long Journey Ventures, 11:11 Media (eleven eleven media).

Mad Realities is entertainment company that reimagining entertainment for the modern world, powered by crypto. It aims to become the world’s first decentralized media platform focused on shared experiences, co-creation, and ownership at the community layer.

Flowty raised $4.5M in a Seed funding round from Dapper Labs, GreenField One, Sfermion, Lattice Fund.

Flowty is a peer-to-peer (P2P) collateralized NFT lending marketplace that enables borrowers to access liquidity using Flow-based NFTs as collateral and lenders to generate interest income by funding loans secured by NFTs.

IPOR Protocol raised $5.5M in a Seed funding round from Arrington Capital*, Space Whale Capital, New Form Capital, CMT Digital, GSR Markets LTD, C² Ventures, gumi Cryptos Capital, Mentha Partners, Panony, G1 Ventures, SOSV, NxGen, Synaps.

DeFi startup of IPOR Labs. The IPOR Protocol calls it “The Heartbeat of DeFi” because interest rates control the flow of capital.

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

AssetDash offers a platform for investors to track their investments. The platform allows users to connect all of their investments across cryptos, NFTs, DeFi, and equities into a single real-time mobile dashboard.

Sender raised undisclosed amount in a Seed funding round from Binance Labs Fund, MetaWeb Ventures.

Sender is a browser extension wallet built on NEAR.

Aura Network raised $2.5M in a Seed funding round from Arche Fund (Coin98 Ventures), Genesis Block Ventures Capital (GBV), Impossible Finance, KuCoin Labs, Kyber Ventures, GuildFi, OIG Capital, MEXC, Avalanche Asia Star Fund (AVATAR).

Aura Network is a Layer-1 NFT-centric blockchain, built to accelerate global NFTs adoption by the Internet of Blockchain.

Delta One raised $9.5M in a Seed funding round from Alameda Research, Ship Capital, Solana Ventures, Electric Capital, mgnr, Solar Eco Fund.

Solana-based decentralized finance (DeFi) protocol.

Hedge raised $3.7M in a Seed funding round from Race Capital, Pantera Capital, Solana Ventures, Shima Capital, Digital Capital Management (DCM), AngelDAO.

Solana lending protocol.

Aspecta raised $2M in a Seed funding round from ZhenFund, UpHonest Capital, Mask Network, MiraclePlus, TSVCap, Taihill Venture, The Y Startup Index Fund.

Aspecta is an AI-powered profile builder for developers that uses large language models to review code quality. It builds an AI-generated identity, Aspecta ID, for pioneering builders and beyond to demonstrate, connect, and explore. By linking accounts across Web2 and Web3 spaces such as GitHub, Twitter, and wallet address, Aspecta ID holders can demonstrate insights regarding 8000+ skills aspects and hundreds of experience spotlights.

Other investment rounds

Afterparty raised $4M in a  funding round from 11:11 Media (eleven eleven media), Blockchange Ventures, Acrew Capital, TenOneTen Ventures.

Afterparty is a Web3 platform that offers exclusive access to events, content, and experiences from leading artists, creators, and builders through NFT-based membership. Members enjoy benefits such as early event ticket access, exclusive content, and the opportunity to connect and collaborate with fellow members.

LimeWire raised $10.4M in a  funding round from Arrington Capital*, Kraken Ventures*, GSR Markets LTD*, Crypto.com Capital, Swissborg Ventures, CMCC Global, Red Beard Ventures, Hivemind.

LimeWire is returning as an NFT (non-fungible token) platform. The peer-to-peer file-sharing software, which was used largely for downloading illegal MP3s in the '00s, is relaunching as a music-focused NFT marketplace.

Scroll raised $30M in a Series A  funding round from Polychain Capital*, Bain Capital Ventures (BCV), Robot Ventures, Santiago R. Santos.

Scroll is an Ethereum Layer 2 network that uses zk-rollup technology to process transactions off Ethereum on its own network, reducing costs and increasing transaction speed. The network's zkEVM batches transactions and generates proof that they are legitimate, which is then broadcast to Ethereum for approval.

Mintbase raised $7.5M in a Series A  funding round from Woodstock, Coinbase Ventures, Libertus Capital, SINO Global Capital, Animoca Brands, Fundamental Labs, Figment, TRGC.

Mintbase is a global platform that allows anyone to create NFTs without worrying about technical complexities.

Bastion Protocol raised $9M in a Series A  funding round from Three Arrows Capital, FTX Ventures, Jump Crypto, Jane Street, The Spartan Group, Coin Merge Strategy (CMS), Crypto.com Capital.

Bastion is a decentralized stableswap and lending protocol built on Aurora, NEAR's EVM-compatible layer.

Hyperithm raised undisclosed amount in a  funding round from Coinbase Ventures*.

Hyperithm is a private digital asset manager based in Tokyo and Seoul, dedicated to institutional investors and high net-worth individuals.

* fund, that lead investment round

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