Crypto Fundraising weekly
Dates: 19 – 25, Nov 2023

This week's biggest funding round

Blur raised $40M in a funding round from .

NFT marketplace for pro traders. Blurs mission is to move the NFT space toward becoming institutional grade.

Pre-seed and Seed investment rounds

Magic ID raised $380.2K in a Pre-seed funding round from SFC Capital, Presto Ventures.

Magic ID is an integrated and secure identity management platform in the Web3 ecosystem. It empowers users to control their digital identities while providing organizations with streamlined verification and access control, utilizing blockchain for security and trust. Magic ID addresses the complex societal challenge of digital identity by fostering inclusivity and creating a seamless, user-centric experience in the decentralized digital landscape.

Vistara Labs raised undisclosed amount in a Pre-seed funding round from D1 Ventures*, Factor Ventures*, Vamient Capital, Mustafa Al-Bassam, Nick White, Chjango Unchained, Priyeshu Garg.

Vistara is a one-click rollup deployment framework that simplifies the design and management of scalable infrastructure. With a seamless user experience, developers can deploy customizable rollups in under a minute, facilitating efficient composition, testing, iteration, and success.

BP-FLAC raised $10M in a Seed funding round from Eureka Partners, Westlabs, Amazon Alexa Fund, Nvidia.

BP-FLAC (Blockchain Powered Federated Learning and AI Certification) is an innovative project aiming to democratize AI training using blockchain. It creates a scalable platform where individuals and organizations globally can contribute computational resources, fostering powerful AI model training. The project prioritizes exclusive computing power, unlimited aggregation, privacy, fairness, and transparency in decentralized AI computing.

IntentX raised $2.5M in a Seed funding round from Magnus Capital*, Agnostic Fund, Prismatic Capital, MS2 Capital, Coral DeFi, Contango Digital Assets, Castle Capital.

IntentX is a OTC derivatives exchange introducing perpetual futures trading through a next-gen intent-based architecture and cutting-edge technologies like LayerZero. Offering 180+ tradable pairs, it brings omnichain deployment, lower fees, and enhanced liquidity, challenging both on-chain and centralized solutions.

Expanso (Bacalhau) raised $7.5M in a Seed funding round from General Catalyst*, Hetz Ventures*.

Expanso created the industry-leading open-source software Bacalhau, built to improve cost and efficiency of processing large-scale datasets in distributed environments. It streamlines job management, ensures secure execution, and supports diverse workloads like machine learning and data analytics, making it ideal for decentralized data processing.

OMTrade raised $6M in a Seed funding round from Find Satoshi Lab*, Folius Ventures*, Meteorite Labs, Incuba Alpha, KSK Fund.

OMTrade is a crypto exchange for social trading, innovatively realigning trader and follower interests with features like same-batch transactions and profit-sharing structures. Introducing a new role called Promoters, OMTrade facilitates the discovery of star traders, enabling them to earn commissions and a share of followers' profits by spreading the word within their communities.

Saga raised $5M in a Seed funding round from Placeholder*.

Saga is a Web3 infrastructure protocol that simplifies blockchain creation and management, offering developers customizable and dedicated blockchains. With a single-tenant virtual machine architecture, Saga provides a user-friendly platform for deploying and managing blockchains, making it accessible to a wide range of developers. The protocol's features include high performance, low and predictable gas fees, automated processes, easy interoperability, a flexible stack, and elastic scalability.

Panoptic raised $7M in a Seed funding round from Greenfield Capital*, Hashkey Capital, gumi Cryptos Capital (gCC), L1 Digital, Heartcore Capital, Comma3 Ventures, Zee Prime Capital.

Panoptic is a perpetual, oracle-free options protocol built on the Ethereum blockchain.

Fence raised $2M in a Pre-seed funding round from Semantic Ventures*, Crane Earth, Actyus, Mark Ransford.

Fence Finance is a SaaS platform streamlining debt facility operations for businesses and lenders by automating tasks like reporting and payments across various industries. It enhances efficiency, transparency, and regulatory compliance, allowing businesses to focus on core activities while reducing overhead. Fence Finance's innovative solution provides real-time debt information for investors, improving decision-making and saving companies up to 80% in operational costs.

Other investment rounds

Matr1x FIRE raised $10M in a Series A  funding round from Folius Ventures*, SevenX Ventures*, ABCDE Capital, Jambo, Initiate Capital, Find Satoshi Lab.

Matr1x is a mobile competitive first-person shooter (FPS) game, and also the first game in the Matr1x platform. Developed by Matr1x game studio.

Blast raised $20M in a  funding round from Paradigm, Standard Crypto, eGirl Capital, Manifold, Santiago R. Santos.

Blast is an EVM-compatible optimistic rollup that enhances yields for users and developers while maintaining the familiar Ethereum experience. Serving as an Ethereum Layer 2 (L2), Blast introduces native yield for ETH and stablecoins, allowing users' balances to compound automatically and earn additional Blast rewards.

Privy raised $18M in a Series A  funding round from Paradigm*, Sequoia Capital, BlueYard Capital, Archetype, Linda Xie.

Privy is a versatile toolkit for progressive authentication in Web3, allowing users to sign in with various methods such as crypto wallets, email, phone numbers, or social profiles. It enables progressive onboarding, enhancing user conversion, and provides a common user object regardless of the authentication method. Privy also manages off-chain data, associating real-world data with on-chain addresses without directly processing personal information, making it a secure and user-friendly API for Web3 applications.

Zeal raised undisclosed amount in a  funding round from Galaxy Digital, Framework Ventures, Variant Fund, Northzone.

Zeal is a self-custody crypto wallet designed for seamless management of Web3 assets across EVM networks and applications. With robust security features, including Safety Checks and Privacy Shield, Zeal ensures user safety by providing transaction previews and safeguarding user information from blockchain node tracking. Users can effortlessly track tokens, DeFi positions, and NFTs, consolidating various functionalities into a single, secure platform.

CoinDesk raised undisclosed amount in a M&A  funding round from Bullish*.

CoinDesk is a leading news and information platform focused on the cryptocurrency and blockchain industry. It provides comprehensive coverage of the latest developments, trends, and analysis in the crypto space, catering to both novice and experienced crypto enthusiasts. CoinDesk's team of experts delivers in-depth reporting, insightful commentary, and educational resources, empowering its readers to make informed decisions about their crypto investments and navigate the rapidly evolving landscape.

DeFi (ex DeFiYield) raised $5M in a  funding round from HOF Capital, OKX Ventures (ex OKEx Blockdream Ventures), HTX Ventures (ex Huobi Ventures), MEXC.

De.Fi is a comprehensive DeFi dashboard that combines asset and risk management tools. It allows users to track wallet information by token, offering price, balance, and USD value details, along with the ability to filter data by blockchain network. De.Fi also facilitates token exchanges at the best available rates, making it a versatile platform for managing DeFi assets.

Poglin raised undisclosed amount in a  funding round from Animoca Brands*.

Poglin is an intellectual property that spans video games, anime, comics, and merchandise, offering a diverse and engaging experience. Founded by industry veterans with a track record of delivering products to millions of gamers, Poglin is a forward-looking game company based in Tokyo and San Francisco, dedicated to creating immersive gaming experiences.

Friend3 raised undisclosed amount in a Strategic  funding round from BNBSwap Ventures*.

Friend3 is a blockchain-driven social media platform reshaping social influence monetization, allowing direct earnings for creators. Utilizing smart contracts, it facilitates secure transactions, fostering a community-driven ecosystem for creative endeavors and idea sharing.

* fund, that lead investment round