Crypto Fundraising weekly
Dates: 20 – 26, Oct 2024

This week's biggest funding round

Bridge raised $1.1B in a M&A funding round from Stripe.

Bridge is a stablecoin-based payments platform designed to simplify global money movement for businesses. It offers APIs that allow seamless integration of stablecoins into existing financial systems, enabling fast, secure, and cost-effective transactions across borders. Companies can issue their own stablecoins, manage global treasury operations, and pay employees in digital dollars. Bridge also provides solutions for expanding market reach and facilitating global transactions.

Pre-seed and Seed investment rounds

BulbaSwap raised $1.3M in a Seed funding round from Foresight Ventures*, Morph, MEXC Ventures, Kronos Research.

BulbaSwap is a decentralized exchange (DEX) focused on enabling secure token swaps and liquidity provision. It offers users a platform for trading a variety of tokens, providing liquidity pools, and earning rewards. BulbaSwap aims to enhance the DeFi experience with a user-friendly interface and support for decentralized financial activities.

Moonwalk Fitness raised $3.4M in a Seed funding round from Hack VC*, Binance Labs Fund, Reciprocal Ventures, CMS Holdings, Flowdesk, Shoe on Ventures, MonkeVentures, Bonk, Syndicate by Boogle, Santiago R. Santos, Kyle Samani, Anil Lulla, Nic Carter, Raj Gokal, Austin Federa, Vance Spencer.

Moonwalk is a platform that gamifies fitness using Web3 technology, offering rewards to users for achieving fitness goals. It combines physical activity tracking with blockchain-based incentives, allowing users to earn tokens as they walk or run. These tokens can be redeemed within the platform, fostering a fun and engaging approach to maintaining a healthy lifestyle.

Borderless raised $3.3M in a Pre-seed funding round from Amity Ventures*.

Borderless offers a global stablecoin liquidity network for payments and financial services infrastructure. It provides fast, low-cost cross-border transfers across 50+ countries, utilizing stablecoins for settlement. Through its Global Transfer Protocol (GTP), Borderless simplifies collections, payouts, and transfers for businesses, integrating with wallet infrastructure and APIs to enhance financial operations worldwide.

Variational raised $10.3M in a Seed funding round from Bain Capital Crypto*, Peak XV Partners (ex as Sequoia India & South East Asia)*, Coinbase Ventures, Dragonfly Capital, Hack VC, North Island Ventures (NIV).

Визначити мовуанглійськаросійськаукраїнськаросійськаукраїнськаанглійська Variational is a peer-to-peer trading protocol designed for perpetual and generalized derivatives. Its flagship app, Omni, enables users to trade leveraged perpetual contracts on thousands of pairs, including memecoins, pre-launch tokens, and prediction markets. Omni aggregates liquidity from CEXs, DEXs, DeFi, and OTC sources, providing deep liquidity and fair trading conditions for retail users. Variational’s decentralized protocol also supports developers with API access for building custom trading solutions.

Fluid Protocol raised $3.9M in a Seed funding round from Animoca Brands, CMS Holdings, Bloccelerate, Maelstrom, Infinity Ventures Crypto (IVC), Builder Capital, RockTree Capital, Wise3 Ventures, Veil, Relayer Capital, Stake Capital, WAGMI Ventures, NxGen, Zephyrus Capital, Global Coin Research (GCR), Meltem Demirors, Ben Lakoff, Kartik Talwar.

Fluid Protocol is an over-collateralized, decentralized borrowing platform within the Fuel ecosystem. It allows users to borrow USDF, a stablecoin soft-pegged to the USD, by depositing collateral without paying interest. Inspired by Liquity, Fluid supports multiple collateral types and features a fixed collateral ratio (135%), partial liquidations, and governance-free fiscal policy. It aims to provide capital efficiency while maintaining user security with no recovery mode.

Craftt raised $2M in a Seed funding round from Superscrypt*, Digital Currency Group (DCG).

Craftt is a decentralized infrastructure platform aimed at supporting the modern workforce with universal benefits, payments, and identity solutions. It focuses on creating a frictionless, fair work environment that boosts financial confidence for gig workers, freelancers, and digital nomads. The platform aims to streamline benefits and provide financial security using blockchain technology.

Shuttle Labs (Genius) raised $6M in a Seed funding round from CMCC Global*, Arca Fund, Ava Labs, SALT fund, Flow Traders, Psalion VC, Cadenza, Public Works, X+ (XDeGods), Master Ventures, Balaji Srinivasan, Anthony Scaramucci.

Genius, developed by Shuttle Labs, is a non-custodial crypto trading platform focused on decentralization and user control. It addresses issues linked to centralized failures like FTX by ensuring users maintain control of their private keys, removing third-party risks. Genius supports a wide range of cryptocurrencies without requiring KYC, streamlining trading by eliminating bridging and gas fees for an accessible experience.

Hata raised $4.2M in a Seed funding round from Castle Island Ventures*, Nic Carter*, Cadenza, ByBit, Plug and Play Ventures, AP Capital, Alliance DAO (ex DeFi Alliance).

Hata is a global cryptocurrency exchange that allows users to buy, sell, and trade crypto assets with fiat currencies. It offers a user-friendly platform for managing digital assets and supports a variety of cryptocurrencies, providing secure transactions and liquidity for both novice and experienced traders.

Azura raised $6.9M in a Seed funding round from Initialized Capital*, Volt Capital, Winklevoss Capital, Alliance DAO (ex DeFi Alliance), Meltem Demirors, Raj Gokal.

Azura is a full-stack decentralized platform offering a non-custodial trading app for DeFi assets. It provides real-time market data, multi-chain interoperability, and secure execution of trades. Users can execute sophisticated transactions like limit orders, stop losses, and yield strategies across major EVM chains and Solana. The platform emphasizes MEV-resistant execution, frontrunning protection, and data-driven decision-making for DeFi trading.

Echo Protocol raised undisclosed amount in a Pre-seed funding round from The Spartan Group*, ABCDE Capital, Maelstrom, Selini Capital, Presto Labs, Sats Ventures, Web3Port Labs, Aptos Network, Movement Labs, Arthur Hayes, Jordi Alexander, Auros Global, C² Ventures.

Echo is a decentralized protocol specializing in BTC liquidity, restaking, and DeFi within the Move ecosystem. It introduces liquid staking for Bitcoin assets and supports cross-chain integration with BTC Layer 2 solutions like Babylon. Echo’s flagship product, aBTC, is a 1:1 Bitcoin-backed token enabling DeFi interoperability across ecosystems like Aptos. Additionally, Echo’s eAPT product brings restaking to secure MoveVM chains, allowing projects to utilize Aptos for security and validation.

Ordzaar raised $2M in a Seed funding round from LongHash Ventures*, Sora Ventures, GSR Markets LTD, Bitcoin Frontier Fund, PG Capital, OIG Capital (Oracles Investment Group).

Ordzaar is an NFT marketplace focused on Bitcoin Ordinals, allowing users to buy, sell, and trade inscriptions on the Bitcoin blockchain. It simplifies the listing process with a user-friendly profile system, making it easier for artists to showcase and manage their digital work. By offering a streamlined interface, Ordzaar empowers creators to maintain control over their listings while expanding their audience in the community.

Other investment rounds

STOKR raised $8M in a Strategic  funding round from Fulgur Ventures*.

STOKR is a digital investment marketplace focused on tokenized securities. It provides a platform for small and medium-sized enterprises (SMEs) to raise capital by issuing compliant security tokens directly to investors. STOKR aims to democratize access to investment opportunities, allowing investors to participate in innovative projects while ensuring regulatory compliance and transparency.

BlueMove raised undisclosed amount in a  funding round from Victus Capital.

BlueMove is a community-centric NFT marketplace and launchpad built for the Aptos and Sui ecosystems. It allows users to trade, buy, and sell NFTs while also offering tools for creators to launch and manage their projects. BlueMove integrates rewards for users and creators, promoting active participation through trading and staking incentives.

Hana Network raised $4M in a  funding round from Binance Labs Fund, SushiSwap, Orange DAO, Morph, Hadron, pSTAKE Finance, Kelp DAO, Dewhales Capital.

Hana Network is a blockchain-based platform designed to enable hyper-casual finance, focusing on creating a seamless Web4 ecosystem. It combines DeFi with social network effects, allowing users to interact, play games, and earn rewards. Hana Network integrates traditional financial elements with decentralized technology, emphasizing user engagement and community participation to drive its ecosystem.

Skyfire raised $1M in a  funding round from Coinbase Ventures, a16z Crypto Startup Accelerator (CSX).

Skyfire is a financial platform designed for the AI economy, enabling AI agents to autonomously discover, pay for, and monetize services, data, and infrastructure. It provides an SDK that facilitates payment automation, agent identity creation, and trusted transactions within a decentralized network.

Bluesky raised $15M in a Series A  funding round from Blockchain Capital*, Alumni Ventures (AVG), True Ventures, SevenX Ventures, Eterna Capital.

Bluesky is a decentralized social media platform focused on building a new federated social web. It leverages the AT Protocol, aiming to provide users with control over their data and the ability to switch between networks while maintaining their social identity. Bluesky emphasizes a user-owned ecosystem, enhancing privacy and content moderation.

Validation Cloud raised $10M in a  funding round from True Global Ventures*.

Validation Cloud is a Web3 infrastructure platform specializing in scalable and compliant infrastructure for enterprises entering the Web3 space. Validation Cloud provides elite node and staking infrastructure to networks, builders, and asset managers worldwide.

Party Icons raised $9M in a Private  funding round from BITKRAFT Ventures*, IDG Capital, Gam3Girl Ventures, Mantle Network, King River Capital, Mask Network, Yield Guild Games (YGG), Zentry, 32bit Ventures, Eden Holdings (ED3N Ventures), Palm Drive Capital, Sebastien Borget, Cristian Manea.

Party Icons is a Web3 mobile gaming platform blending social party games with the excitement of extraction shooters. It offers three unique game modes, designed for quick and engaging play sessions under 12 minutes, catering to modern gaming habits. The platform aims to combine social interaction with intense gameplay, delivering “bite-sized” entertainment that resonates with casual and competitive gamers alike.

Karpatkey raised $7M in a  funding round from AppWorks, Wintermute, Borderless Capital, Thanefield Capital, Stake Capital, Saison Capital, Zeal Capital, G20 Group, Stani Kulechov, Fernando Martinelli, Stefan George, Martin Köppelmann, Marc Zeller, Wonderland.

Karpatkey provides DAO treasury and risk management services, helping decentralized organizations preserve capital through DeFi strategies. It focuses on trust-minimized execution and state-of-the-art risk management to optimize treasury operations for DAOs. Karpatkey aims to support DAOs in ensuring financial longevity and sustainability.

Propine raised undisclosed amount in a M&A  funding round from Komainu.

Propine is an enterprise-grade digital asset custodian offering services for tokenization, custody, trading, and DeFi solutions. It is the first CMS-licensed custodian in Asia, authorized by the Monetary Authority of Singapore. Propine provides secure, scalable solutions for institutional clients, including banks, exchanges, and asset managers, with a focus on regulatory compliance and investor protection. The platform enables safe storage and management of both digital and fiat assets, offering tokenization and white-label services.

Opti Games (Sparkball) raised $2M in a  funding round from L1 Digital*, CMS Holdings, Yield Guild Games (YGG), Gam3s gg, Impossible Finance, XBorg, SkyGG, Yurei.

Opti Games is a game development studio focused on creating fun and engaging multiplayer games. Their current project, Sparkball, is a a 4v4 competitive "sports fighting game" that combines elements from League of Legends, FIFA, and Rocket League.

B² Network (Bsquared Network) raised undisclosed amount in a  funding round from The Spartan Group*, Animoca Ventures*, Alliance DAO (ex DeFi Alliance)*, P2 Ventures (Polygon Ventures)*, Cypher Capital, Candaq Fintech Group, FutureMoney Group, Skyland Ventures, TPC Ventures, Maxx Capital Official.

B² Network is a practical Bitcoin Layer-2 solution, utilizing zero-knowledge proof verification commitment rollup technology. It enhances transaction speed, reduces costs, and broadens application diversity, including compatibility with the Ethereum Virtual Machine (EVM). The network envisions a future where Bitcoin becomes a versatile platform, interacting seamlessly with various financial services and decentralized applications, reviving a builder culture through active contribution and innovation.

Port3 Network raised undisclosed amount in a  funding round from OOKC Group.

Port3 is a one-stop platform to create, utilise and evolve your Web3 identity by aggregating and standardising off-chain/on-chain data to build a Social Data Layer.

* fund, that lead investment round