Crypto Fundraising weekly
Dates: 21 – 27, Apr 2024

This week's biggest funding round

Movement Labs raised $38M in a Series A funding round from Polychain Capital*, Hack VC, Placeholder, Archetype, Maven 11 Capital, Robot Ventures, Figment Capital, Eterna Capital, Nomad Capital, Bankless Ventures, OKX Ventures (ex OKEx Blockdream Ventures), dao5 (daofive), Aptos Labs.

Movement Labs is developing a modular framework for building and deploying infrastructure, applications, and blockchains using the Move programming language in distributed environments. Their first product, M1, is a Layer 1 blockchain, offering high TPS, instant finality, native liquidity access, and customizable features. Move, their programming language, emphasizes asset scarcity and access control for secure Web3 development.

Pre-seed and Seed investment rounds

OpenDelta raised $2.5M in a Pre-seed funding round from 6th Man Ventures (6MV)*.

OpenDelta is a Bitcoin-linked stablecoin firm pioneering stable value in fiat currency through Bitcoin derivatives. It plans to launch its flagship token, USDO, in May, backed by BTC collateral and generating yield from derivatives markets. The platform aims to redefine DeFi for Bitcoin in the Runes era, offering a delta-neutral synthetic dollar.

Moso raised $2M in a Seed funding round from Symbolic Capital (ex Hyperedge Capital), dao5 (daofive), P2 Ventures (Polygon Ventures), CoinList.

Moso is a crypto rewards platform and browser extension that enables users to earn cryptocurrency of their choice while shopping from partnered merchants. Users can download the Moso extension, shop at partner stores, and activate savings alerts to receive crypto rewards directly to their wallet when eligible purchases are made. With partnerships across various industries like travel, beauty, fashion, and electronics, Moso offers a wide range of opportunities for users to earn crypto rewards.

Uncharted raised $1.7M in a Seed funding round from Shima Capital*, The Spartan Group, Double Peak Group, Devmons, 32bit Ventures, Liquid X Ventures, D64 Ventures, Flying Falcon, Vamient Capital, Robbie Ferguson, Cozomo de’ Medici, Bharat Krymo, 0xbrent, Aleksander Larsen, Elroy Cheo, Xeer, Michael Arnold, KDOT.

Uncharted is a Web3 gaming company focused on building crypto's gamification layer, offering a platform for game creators and studios. Founded by Web3 veterans, their ecosystem includes a live games studio and product hub designed to empower game creators. Their inaugural game, Gangster Arena, marks their entry into the gaming market.

Othentic raised $4M in a Seed funding round from Finality Capital*, Breyer Capital*, Coinbase Ventures, Collider Ventures, Bankless Ventures, Robot Ventures, Hashkey Capital, Everstake, Punk DAO, Anthony Sassano.

Othentic is a modular network framework with shared security, enabling self-deployment of custom computational services over trustless execution environments. It offers production-ready components to abstract infrastructure details and allows customization of consensus, rewards mechanisms, and networking infrastructure, minimizing engineering overheads.

Other investment rounds

L3E7 raised $10M in a  funding round from The Spartan Group*, SevenX Ventures*, Longling Capital, Foresight Ventures, OKX Ventures (ex OKEx Blockdream Ventures), Big Brain Holdings, Vertex Ventures, Comma3 Ventures, Mantle Network, Hailstone Labs, BitValue Capital, Liquid X Ventures, BuzzBridge Capital, dingaling, Grail eth, Cristian Manea.

L3E7 is a n open-world RPG game using location-based services, where NFTs function as both game tickets and equity certificates. With its innovative gameplay and immersive cyberpunk cities built from Google Maps data, L3E7 has gained attention for its unique approach to gaming. With plans for continuous refinement and global expansion, it aims to become a leading player in the LBS gaming sector, attracting users from both Web2 and Web3 realms.

Hinkal Protocol raised $1.4M in a Strategic  funding round from SALT fund*, Draper Associates, SNZ Holding, PEER Venture Partners.

Hinkal is a ZK-based protocol offering private trading and yield farming on EVM chains. It enables untraceable transactions on major DEXs, staking, and liquidity provision, eliminating the need for withdrawals. Using zkSNARKs and stealth addresses, Hinkal ensures low privacy costs and compliance for DeFi traders, making it suitable for active LP/yield farming and buy-and-hold strategies.

Aligned Layer raised $20M in a Series A  funding round from Hack VC*, dao5 (daofive), L2 Iterative Ventures (L2IV), Nomad Capital, Finality Capital, Symbolic Capital (ex Hyperedge Capital), Theta Blockchain Ventures (Theta Capital Management), J17 Capital, Everest Ventures Group (EVG), Decima, Protagonist, Alexander Pack.

Aligned Layer is a universal verification layer designed for Ethereum, enhancing its capabilities for zero-knowledge SNARK proofs. Developed on EigenLayer, Aligned Layer aims to make Ethereum a more efficient and cost-effective platform for SNARK verification by leveraging restaking and proof aggregation. This initiative supports various zero-knowledge technology developments, aiming to expand Ethereum's utility and support the future of trustless applications with enhanced security and verifiability.

Adot raised $3M in a Series A  funding round from Hash Global*, gumi Cryptos Capital (gCC), Xin Family.

Adot is a decentralized AI search engine company focused on creating a trustworthy, decentralized search engine for the AI era and Web3 networks. Their vision includes attributes like universality, trustworthiness, explainability, and decentralization, aiming to redefine the future of the internet by integrating Web3-related data and empowering users and developers to contribute to and customize the AI-driven search experience.

Carv raised $10M in a Series A  funding round from Tribe Capital*, IOSG Ventures*, Hashkey Capital, Evos eSports, SnackClub, Infinity Ventures Crypto (IVC), W3GG, Lyrik Ventures, UpHonest Capital, Litentry, PAKA, 7UpDAO, ConsenSys, OKX Ventures (ex OKEx Blockdream Ventures), Fenbushi Capital, No Limit Holdings (NLH), Draper Dragon, Arweave, ARPA Official, MARBLEX Corp., Vertex Ventures, Cypher Capital, Mindfulness Capital, Liquid X Ventures, The Sandbox, Yield Guild Games (YGG).

Carv is a Web3 identity startup that is developing a wed3 ID solution that combines web2 and web3 gaming data to create unique user IDs.

Anichess raised $1.8M in a  funding round from Sfermion*, Amber Group*, Fenbushi Capital, Aspen Digital, SNZ Holding.

Anichess is a community-driven, free-to-play chess game developed in partnership between Animoca Brands and Chess.com-owned Play Magnus Group. It combines the core rules of a classic chess game with a so-called “spell mechanic” that includes a range of offensive, defensive and counter tactics.

Natix Network raised $4.6M in a Strategic  funding round from Borderless Capital*, Tioga Capital Partners*, Escape Velocity, Moonrock Capital, Cogitent Ventures, Big Brain Holdings, Laser Digital, WAGMI Ventures, Inception Capital (ex OP Crypto), Room40 Ventures, Veris Ventures, IoTeX, FutureMoney Group, iAngels Capital, James Parillo, Paul Taylor, Vijay Pravin Maharajan, Crypto Banter.

Natix Network is a blockchain-based and crowdsourced camera network that creates a real-time map of the world. It uses AI technology to collect data such as traffic volume, road damages, and infrastructure issues, while ensuring 100% privacy compliance. The network aims to combine its AI technology with the world's 45 billion existing cameras to create a new crowdsourced geospatial data economy powered by the "Internet of Cameras," where camera owners earn crypto in return for contributing real-time data.

Creator.Bid raised undisclosed amount in a  funding round from Mechanism Capital, Zee Prime Capital, Moonrock Capital, Cogitent Ventures, Momentum 6 (M6), ID Theory, NxGen, HV Capital, MH Ventures, SkyVision Capital, MQdao, AlfaDAO, Tempo, Silvermine Capital.

Creator.bid is an innovative platform that allows creators to develop, monetize, and co-own AI Creator Agents. It focuses on leveraging AI and blockchain technology to enable a new model of digital content creation and ownership. This platform supports creators in harnessing their talents to build AI-driven digital assets that they can monetize and manage collaboratively. It aims to transform the traditional creator economy by providing tools that increase creators' autonomy over their work and earnings.

The Colony raised undisclosed amount in a  funding round from TechStars, Marshland Capital, Moonrock Capital, NxGen, Brian D Evans, Coach K, Charles Read.

The Colony is a platform that revolutionizes collectibles by digitizing real-world assets on the blockchain, offering a seamless trading experience. Its innovative solutions address the challenges faced by reseller brands, providing a scalable platform for growth and profitability.

Tevaera raised $5M in a  funding round from Laser Digital*, Hashkey Capital, Fenbushi Capital, Matter Labs, Draper Dragon, Faculty Group, Crypto com Capital, Cogitent Ventures, Selini Capital, DWF Labs, Morningstar Ventures, DCF God, Momentum 6 (M6), Genesis Block Ventures Capital (GBV), Mapleblock Capital, NxGen, GD10 Ventures, Aquanow (AQN), CoinSwitch.

Tevaera pioneers a Game-IP-first strategy, solving web3 gaming infrastructure challenges. With Teva Run and Guardian NFTs, it boasts a large gamer community and plans to launch new games and a decentralized L3 gaming chain on zkSync.

Puffverse raised $3M in a  funding round from Animoca Brands*, Arcane Group, The Spartan Group, Foresight Ventures, Hashkey Capital, Sky Mavis.

Puffverse is a Disney-like 3D metaverse connecting Web 3 virtuality with Web 2 reality, offering NFT-based characters for diverse interactive experiences. It features a multi-end universe where players collect unique characters with distinct traits, costumes, and skills, using them in various scenarios and trading assets within the ecosystem. PUFF and vePUFF tokens drive the economy, with PUFF facilitating transactions and vePUFF serving as governance tokens obtained through staking and game rewards.

InfiniGods raised $8M in a Series A  funding round from Pantera Capital.

InfiniGods is a gaming studio creating free-to-play mobile games blending ancient mythologies with Web3 technology, enabling players to potentially earn cryptocurrency rewards. They offer collectible in-game assets like "Elder Gods" and "InfiniPasses," fostering a connected gaming universe where shared aspects and assets enhance gameplay experiences. Through their approach, InfiniGods aims to introduce blockchain to a wider gaming audience by merging mythology-themed games with blockchain integration.

Engines of Fury raised $500K in a  funding round from Animoca Brands.

Engines of Fury is a free-to-play blockchain game aiming to revolutionize the gaming industry by offering unparalleled quality and attracting a massive influx of users from the global Web 2 gaming community. It is a post-apocalyptic top-down extraction shooter.

Prime Intellect raised $5.5M in a  funding round from Distributed Global*, CoinFund*, Compound, Collab+Currency, Protocol Labs.

Prime Intellect is a decentralized AI platform democratizing AI development through global compute aggregation and collaborative model training. It empowers developers with affordable computing resources and a sustainable open-source model, fostering innovation in AI research and development.

AIT Protocol raised undisclosed amount in a  funding round from Animoca Brands.

AIT Protocol pioneers Web3 data infrastructure, emphasizing data annotation and AI model training. Operating on blockchain, it establishes a decentralized labor market transcending borders, incentivizing participants through crypto economics. The AIT marketplace enables millions of cryptocurrency users to engage in "Train-to-Earn" tasks, earning rewards while contributing to AI model development. Positioned in the growing AI data market, AIT facilitates entry into Web3 for data labelers, reducing costs and fostering innovation in the transformative era of blockchain and AI.

Iskra raised undisclosed amount in a  funding round from Animoca Brands.

Iskra is a blockchain gaming platform fostering gamer-community connections and developer support. It offers seamless game distribution, token rewards, and decentralized governance. Iskra provides end-to-end services including a Launchpad, DEX, NFT Marketplace, Bridge, and Wallet for both gamers and game studios.

Turnkey raised $15M in a Series A  funding round from Lightspeed Faction*, Galaxy Digital*, Sequoia Capital, Coinbase Ventures, Alchemy Ventures, Figment Capital, Mirana Ventures, Anagram, TrueBridge Capital, Asymmetric fund, Variant Fund, Gemini Frontier Fund, Viktor Bunin, Marc Bhargava, Spencer Noon, Anthony Sassano, Jake Chervinsky.

Turnkey is a platform that provides simple APIs to securely manage private keys. It allows users to generate hundreds of wallets and sign thousands of transactions across any chain, all with flexible, programmable permissions to ensure you only sign what you want.

Shiba Inu raised $12M in a  funding round from P2 Ventures (Polygon Ventures), Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock, DWF Ventures, Stake Capital, Comma3 Ventures.

Shiba Inu, originally a decentralized meme token, is expanding its ecosystem by developing a new Layer 3 blockchain. This blockchain leverages fully homomorphic encryption (FHE) technology from Zama, addressing issues of privacy and trust within its community of millions of users while aiming to comply with regulatory standards.

Y8U raised undisclosed amount in a  funding round from Morningstar Ventures, Ape Terminal, Banter Capital, IBC Group.

Y8U is a Web3 protocol enabling individuals to create multiple AI entities representing different aspects of their digital identity. Built on the Humans blockchain, it combines secure data storage with smart contract-based consent management, ensuring data integrity and security while fostering scalable, ethical AI development. With Y8U, users can extract their Digital DNA to create multiple autonomous AI entities, each representing different facets of their digital identity, and scale themselves by deploying AI models to pursue diverse objectives independently.

Scallop raised undisclosed amount in a  funding round from DWF Labs.

Scallop is the pioneering Next Generation peer-to-peer Money Market for the Sui ecosystem and is also the first DeFi protocol to receive an official grant from the Sui Foundation. By emphasizing institutional-grade quality, enhanced composability, and robust security, we are dedicated to building a dynamic money market that offers high-interest lending, low-fee borrowing, AMM, and digital asset self-administration tool on a unified platform and offering an SDK for professional traders.


PairedWorld raised $1.5M in a  funding round from .

PairedWorld is a protocol designed to authenticate and reward real-world human interactions, utilizing the $PAIRED token and a custom Zk-Proof Validium. By gamifying and incentivizing in-person engagements, PairedWorld revolutionizes community interaction and introduces new possibilities for SocialFi and DeSoc within online communities.

Only1 raised $1.3M in a Strategic  funding round from Newman Group*, Folius Ventures, Modular Capital, Petrock Capital, NaniXBT, MapleLeafCap, Adrian Lai, Paul Kim.

Only1 is a Web3 social platform on Solana, akin to an OnlyFans for the blockchain. Users can engage with content, earn rewards, and create and trade Memberpass NFTs, providing a decentralized alternative to traditional content platforms like OnlyFans. Notably, Only1 offers resistance to centralized censorship decisions, offering creators greater autonomy and security for their content.

* fund, that lead investment round