Crypto Fundraising weekly
Dates: 19 – 25, Dec 2022

This week's biggest funding round

Revel raised $7.8M in a Seed funding round from Dragonfly Capital*, Union Square Ventures (USV), Sfermion, 6th Man Ventures (6MV), Alumni Ventures (AVG), Polygon Ventures.

Revel, an NFT or “social collectibles” platform. Revel’s marketplace allows users to create NFTs for their followers, friends or community and also allows people to own editions of the media they like and follow.

Pre-seed and Seed investment rounds

Cypherock X1 raised $1M in a Seed funding round from Consensys Mesh, Infinite Capital, Gnosis DAO, Orange DAO, Sandeep Nailwal.

Cypherock X1 hardware wallet that uses four near-field communication (NFC) cards to store users' private keys and what would be the seed phrase. Tapping any of the cards to the wallet approves a transaction.

Layer 2 Labs raised $3M in a Seed funding round from .

Layer 2 Labs bring drivechains and other innovative technologies to Bitcoin believe that drivechains have the potential to revolutionize the way we use Bitcoin by enabling greater scalability, extensibility, privacy, and flexibility on the network.

Foundation Devices raised $7M in a Seed funding round from Polychain Capital*, Greenfield Capital, Third Prime, Warburg Serres.

Foundation Devices is a developer of Bitcoin-centric tools that include a hardware wallet Passport.

Arrakis Finance raised $4M in a Seed funding round from Uniswap Labs Ventures, Accel, Polygon Ventures, Robot Ventures.

Arrakis Finance is the decentralized market-making protocol that is building trustless market making infrastructure & strategies on Uniswap V3.

Revel raised $7.8M in a Seed funding round from Dragonfly Capital*, Union Square Ventures (USV), Sfermion, 6th Man Ventures (6MV), Alumni Ventures (AVG), Polygon Ventures.

Revel, an NFT or “social collectibles” platform. Revel’s marketplace allows users to create NFTs for their followers, friends or community and also allows people to own editions of the media they like and follow.

Pods Yield raised $5.6M in a Seed funding round from IOSG Ventures, Republic, Framework Ventures, Fourth Revolution Capital (4RC).

Pods is DeFi technology company with mission is to establish frictionless structured products for crypto assets. Pods Yield is a series of open-source smart contracts that algorithmically runs a known investment strategy, receive deposits, and process withdrawals.

Concordex raised $1.7M in a Seed funding round from Tacans Labs, Skynet Trading.

Concordex is an advanced institutional-grade liquidity management DEX on the Concordium blockchain.

* fund, that lead investment round