Crypto Fundraising weekly
Dates: 20 – 26, Feb 2023

This week's biggest funding round

Chain Reaction raised $70M in a Series C funding round from Morgan Creek Capital*, Hanaco Ventures, Jerusalem Venture Partners (JVP), KCK Capital, Atreides Management, Blue Run Ventures.

Chain Reaction is an Israeli startup that is designing semiconductors and related architecture to use in blockchain and privacy hardware running cryptographic processes.

Pre-seed and Seed investment rounds

Tsunami Finance raised $1.3M in a Pre-seed funding round from Mirana Ventures*, Big Brain Holdings*, Zeta Markets, Hedge Labs, Pontem Network, Brilliance Ventures, Builder Capital, Marin Digital Ventures, Coral DeFi, RandRCapital (R&R Capital), Time Research, Switchboard, Aptos Monkeys.

Tsunami Finance is a margin trading and spot exchange building on Aptos Network.

NeoSwap raised $2M in a Pre-seed funding round from DACM*, AngelHub*, Gossamer Capital, Cavalry Asset Management, Dhuna Ventures.

NeoSwap is a multi-item, multi-party NFT swap platform that helps people trade digital assets (such as NFTs) without knowing ahead of time what trade they are looking for and needing very little liquidity. NeoSwap uses a combination of bidding information and AI-powered predictions to find multi-way trades that are beneficial for everyone involved.

Kratos raised $20M in a Seed funding round from Accel*, Prosus Ventures, Courtside Ventures, Nexus Venture Partners, Nazara Technologies.

Kratos is an Indian Web3 gaming firm builds distribution rails in emerging markets for global Web3 games. Kratos is the IP owner of the world's largest gaming DAO - IndiGG. Kratos is also an active investor in the global web3 gaming and gaming infra space.

Affine (ex Alpine) raised $5.1M in a Seed funding round from Hack VC*, Jump Crypto*, The Spartan Group, Coinbase Ventures, Circle Ventures, AlphaLab Capital.

Affine is a decentralized protocol and cross-chain investment and savings app that allows users to invest in multiple assets, including yield generating DeFi protocols, all at once.

Huma Finance raised $8.3M in a Seed funding round from Race Capital*, Distributed Global*, ParaFi Capital, Circle Ventures, Robot Ventures, Folius Ventures, Protofund, Santiago Santos.

Huma Finance is a DeFi protocol allows borrowing based on cash flow rather than tokens. Borrowing can be made against receivables such as pay stubs or invoices.

Ammalgam raised $750K in a Pre-seed funding round from Bodhi Ventures, Marin Digital Ventures, BootNode, Robert Leshner, Kain Warwick, Santiago Santos.

Ammalgam is a DeFi protocol combining lending and trading that composes yield sources, simultaneously improving capital efficiency and unlocking unlimited strategies for market makers. Permission-less pairwise lending empowers traders to short anything, taking DeFi beyond what has been possible before.

Den raised $2.8M in a Seed funding round from IDEO CoLab Ventures*, Gnosis DAO, Portal Ventures, Not Boring Capital, Seed Club Ventures, Volt Capital, Reverie, Lemniscap, Human Capital, Global Coin Research (GCR), Cyphr, Eberg Capital, 3SE Holdings, Spice Capital, Possibilian Capital, Balaji Srinivasan.

Den is a multi-signature wallet startup provides a self-custodial, multi-signature wallet for onchain organizations. Teams, including both DAOs and traditional organizations, use Den for managing protocols, interacting with DeFi, onchain operations, and more. Den is built on top of the Safe Contracts (formerly Gnosis Safe).

Polybase raised $2M in a Pre-seed funding round from 6th Man Ventures (6MV)*, Protocol Labs, Orange DAO, Alumni Ventures (AVG), NGC Ventures, CMT Digital, Upfront Ventures.

Polybase is a state zk-rollup protocol, with native support for pluggable data storage and indexing. Polybase is better than using a centralized database like Firebase or Postgres because developers can encrypt data using wallets for “self sovereign data” and verifiably query Polybase from smart collections.

Treaty raised $2.9M in a Seed funding round from Bain Capital Ventures (BCV)*, The Chernin Group (TCG Crypto), Formless Capital, Smrti Lab, Robot Ventures.

Treaty is an on-chain strategy game by Curio where users can write and deploy smart contracts. These so-called "Treaties" allow them to draft rules around how they interact with other players in the game, almost like a social contract. Players are free to build any tooling, infrastructure or application they wish, such as custom asset marketplaces, lending primitives, guilds and more.

Chaos Labs raised $20M in a Seed funding round from Galaxy Digital*, PayPal Ventures*, Coinbase Ventures, Uniswap Labs Ventures, Lightspeed, Bessemer Venture Partners, Hashkey Capital, Third Prime, Alliance DAO (ex DeFi Alliance), Quiet Capital, OpenSea, Castle Island Ventures, Samsung Next, Polygon Ventures, Avalanche, Tioga Capital Partners, Wintermute, Lyrik Ventures, Blockdaemon Ventures, Folius Ventures, General Catalyst, Jump Crypto, Primitive, Theta Blockchain Ventures (Theta Capital Management), Mischief Fund, Balaji Srinivasan, Santiago Santos, Paul Veradittakit.

Chaos Labs is a highly automated economic security and risk management platform for DeFi protocols. Chaos Labs' tooling allows core teams and community members to better monitor protocol health and risks in real-time to execute mainnet changes before a potential vulnerability is exploited.

Strider raised $5.5M in a Seed funding round from Makers Fund*, Fabric Ventures*, Shima Capital, Sfermion, MagicEden.

Strider is a Collaborative Storytelling platform that brings creative communities and fans together to co-create, invest in and develop new worlds and entertainment products with the Community giving contributors unique opportunities to retain ownership as they build alongside the community.

3RM raised $3M in a Seed funding round from Distributed Global*, Shima Capital, Big Brain Holdings, Metareal, 3SE Holdings, Mitchell Ventures.

3RM is the sales infrastructure for the decentralized internet. It offering sales tools for teams in web3 to manage their entire customer lifecycle. 3RM is working on creating a source of truth (anon or not) for web3 organizations to connect quicker and more effectively.

Sentio raised $6.4M in a Seed funding round from Lightspeed*, Hashkey Capital, GSR, Canonical Crypto, Essence Venture Capital.

Sentio is a web3 observability platform provides modern monitoring, alerting and log management for decentralized applications as an integrated and hosted experience. Through Sentio's software development kit, users can collect metrics and event logs based on smart contracts' events, transactions, traces and states across blockchains, including Ethereum, Aptos, Polygon and Avalanche.

TipLink raised $6M in a Seed funding round from Sequoia Capital*, Multicoin Capital*, Circle Ventures, Solana Ventures, Paxos, Asymmetric fund, Big Brain Holdings, MonkeVentures, Vinny Lingham.

TipLink is a crypto payments platform built on the Solana blockchain lets users send and receive digital assets such as crypto, stablecoins and NFTs with a link and a QR code. The sender has to connect to a Solana wallet and create a TipLink by depositing a token or NFT they want to send.

Superchain raised $4M in a Seed funding round from Blockchain Capital*.

Superchain is an The Open Index Protocol, which quickly collects and customizes blockchain data for use by developers to build applications faster through immediate and personal connection to data, free of centralised intermediaries.

Legions and Legends (ex Project Arcanas) raised $10M in a Seed funding round from Andreessen Horowitz (a16z crypto)*, NFX, Franklin Templeton, Coinbase Ventures, Play Ventures.

Legions and Legends is an NFT-oriented collectible and combat RPG by Azra Games.

Renegade raised $3.4M in a Seed funding round from Dragonfly Capital*, Balaji Srinivasan.

Renegade is an on-chain version of a dark pool — a trading venue common in traditional financial markets — based on multi-party computation (MPC) and zero-knowledge proofs.

Gateway FM raised $4.6M in a Seed funding round from Lemniscap*, CMT Digital, THE LAO, Fantom Foundation, Unstoppable Domains, Very Early Ventures, Folius Ventures, TRGC, MetaWeb Ventures.

GatewayFM is a decentralized blockchain infra/node provider. Its globally distributed, multichain infrastructure is built to help developers scale web3 projects seamlessly. Gateway.fm offers three services: Gateway Grow, an institutional staking service; Gateway Access, its web3 RPC node infrastructure solution and Gateway Jumpstart, which enables blockchains and protocols to accelerate their mainnet launch.

Intu raised $2M in a Pre-seed funding round from CoinFund, MetaWeb Ventures, Fantom Foundation, Kitefin Capital, Orrick.

Intu is a decentralized account management protocol for web3 that enables shared ownership of digital assets using locally encrypted shares and any EVM-compatible chain. This means that users can easily share, recover, or even change ownership of their assets while maintaining the security and integrity of account.

Other investment rounds

Lifeform raised $5M in a Series A  funding round from GeekCartel*, KuCoin Labs, DHVC (Danhua Capital), SevenX Ventures, Foresight Ventures, K24 Ventures, Another World.

Lifeform is a decentralized visual digital identity (DID) solution provider. The platform’s core technologies include: hyper-realistic 3D avatar creation tools; visual DID protocols; secure and innovative contract solutions; decentralized identity systems for Web3 avatars; metaverse engine software development kits (SDKs).

OneKey raised undisclosed amount in a Series A  funding round from IOSG Ventures*.

OneKey is a decentralized multichain cryptocurrency hardware wallet. Currently, OneKey product line is rich, including OneKey Swap, Onekey desktop , Onekey browser extension and Onekey app.

Worldwide Webb raised $10M in a Series A  funding round from Pantera Capital*.

Worldwide Webb is the Retro-Style original PvP, play and earn NFT MMORPG Ethereum blockchain game created by Thomas Webb.

Towns raised $25.5M in a Series A  funding round from Andreessen Horowitz (a16z crypto)*, Framework Ventures, Benchmark.

Towns is a Web3 group chat protocol and app by Not There Labs that lets online communities build blockchain-based gatherings in a fully decentralized way. It offers a complete system for community builders: on-chain (Ethereum) ownership and actions, composability with smart contracts, end-to-end encryption, full decentralization and open source.

Beldex raised $25M in a  funding round from DWF Labs*.

Beldex is a privacy-based ecosystem consisting of privacy-first decentralized applications that include BChat, BelNet, Beldex browser, the Beldex privacy protocol, and the Beldex bridge.

Blocto raised undisclosed amount in a Series A  funding round from 500 Global, IPX, Mark Cuban.

Blocto is a secure cross-chain crypto wallet that is building a cross-blockchain ecosystem with the best user experienceavailable. Through Blocto, users can easily access blockchain applications (dApps), crypto, and NFT assets, no matter which blockchain they are built on; developers can integrate with the identity and payment services that Blocto provides and create a frictionless onboarding experience.

PolyHedra raised $10M in a Strategic  funding round from Binance Labs Fund*, Polychain Capital*, Animoca Brands, dao5 (daofive).

PolyHedra is an infrastructure for Web3 Interoperability with cutting-edge zero-knowledge proof systems. It has developed several infrastructure offerings: ZK bridge (zkBridge) solution to send assets between web2 and web3 systems; a ZK decentralized identity solution (zkDID), a scalability solution, using a large-scale distributed proof generation network called ParaPlonk, to accelerate ZK rollups; design space for Web3 through highly scalable middlewares including ZK-NFT containers.

Kaito raised $5.3M in a  funding round from Dragonfly Capital*, Sequoia Capital, Jane Street, AlphaLab Capital, Mirana Ventures, Folius Ventures, Smrti Lab, DWeb3 Capital, Time Research, Taurus Ventures.

Kaito is an ChatGPT-powered search search engine for crypto seeks to revolutionize crypto research and investing with AI. Kaito organizes terabytes of unstructured information in crypto with in-house AI technologies, making it accessible to investors, researchers, builders and the public at large.

paprMEME raised $3M in a  funding round from Coinbase Ventures*.

paprMEME is an NFT lending protocol powered by Uniswap V3. The platform adopts a novel mechanism built around its native token. Papr is minted by borrowers, who transfer some collateral to a papr controller (a smart contract). Borrowers can then exchange their papr for other assets using a decentralized exchange (e.g. Uniswap).

HAL raised undisclosed amount in a  funding round from ConsenSys*.

HAL is a digital asset management tool for developers, protocols and companies to query, trigger, monitor and automate blockchain data.

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

Decentralized, versioned, and consensus-based electronic agreements signing application built on Ethereum. EthSign launched TokenTable, which is an ownership management platform helping project stakeholders including founders, investors, employees, and contributors manage locked and unvested tokens of their projects or portfolios.

* fund, that lead investment round