Crypto Fundraising weekly
Dates: 21 – 27, Feb 2022

This week's biggest funding round

Amber Group raised $200M in a Series B funding round from Temasek*, Sequoia Capital, Pantera Capital, Tiger Global, Coinbase Ventures.

Amber Group is the Singapore-headquartered liquidity provider, offering clients services that include algorithmic execution, electronic and OTC market-making derivatives, structured products, and advisory services.

Pre-seed and Seed investment rounds

ArDrive raised $17.2M in a Seed funding round from Blockchain Capital*, SINO Global Capital*, Arweave*, Hypersphere, SevenX Ventures, LongHash Ventures, Cipholio Ventures, Foresight Ventures, Compute Ventures, Momentum 6 (M6).

ArDrive is an application for persistent data storage on the ar.io network. This new network includes a number of protocols, and applications get permanent storage.

MarginFi raised $3M in a Seed funding round from Multicoin Capital, Solana Ventures, Pantera Capital, SINO Global Capital.

A decentralized portfolio margining protocol for trading on Solana.

Pact raised $2.1M in a Seed funding round from Hivemind, Borderless Capital, Meld Ventures, Coin Merge Strategy (CMS), Orthogonal Trading, MEXC, Daovergence (DVG), DAO Jones, 0xmons, Valhalla Capital, Ellipti, Parea Capital.

A decentralized Automated Market Maker (AMM) built on the Algorand protocol, offering deep liquidity and low transaction fees.

VBA raised $6M in a Seed funding round from Patron, Pantera Capital, Collab+Currency, Solana Ventures, South Park Commons.

Basketball manager game for the metaverse.

Chillchat raised $1.9M in a Seed funding round from Solana Ventures, Animoca Brands, FTX Fund, Griffin Gaming Partners, Ant Capital (a&t), YGG SEA, Infinity Ventures Crypto (IVC).

The Chillchat metaverse was built to be a ‘create2earn’ platform running on the Solana blockchain, aiming to become a ‘pocket metaverse’ available on mobile and on browsers. A pixel art NFT metaverse, a vast collection of virtual worlds, made entirely by its players, where you can jump into adventure with a new identity created by you or another player, pixel by pixel.

Brahma raised $4.2M in a Seed funding round from Framework Ventures*, Zee Prime Capital, Lightspeed, Dialectic, Maven 11 Capital, Cherry Ventures, LedgerPrime, THE LAO, Daedalus, DegenScore, Jason Choi, Santiago R. Santos, DCF God.

A decentralized yield protocol that lowers the complexity of generating a yield on numerous cross-chain DeFi primitives.

Backdrop raised $1.7M in a Seed funding round from Lemniscap*, Seed Club, Scalar Capital, Coinbase Ventures, Global Coin Research (GCR).

Backdrop is web3-native, built to connect people within and across tokenized communities, helping them discover, get notified about their activity, and participate more easily.

Tiiik Money raised $3.8M in a Seed funding round from Jump Capital, Global Founders Capital (GFC), FinTech Collective, DACM, LedgerPrime, Athena Ventures, Double Peak Group, Valhalla Capital, Parsiq, Gate Labs, NxGen, Waterdrip Capital, Investible.

Terra-based digital wallet.

Jambo raised $7.5M in a Seed funding round from Coinbase Ventures, Polygon Studios, Delphi Digital, Three Arrows Capital, Alameda Research, Alliance DAO (ex DeFi Alliance), Tiger Global, DeFiance Capital, Hashed, UOB Venture Management, Signum Capital, Yield Guild Games (YGG).

Africa-focused one-stop mobile application for multiple services such as ride-hailing, banking, communication and food delivery.

Other investment rounds

Bware Labs raised $6M in a Series A  funding round from Hypersphere, Blizzard, Infinity Ventures Crypto (IVC), Woodstock, Figment, AXIA8 Ventures, Coingecko, Nexo, Connext, Kosmos Ventures, Impossible Finance, Nabais Capital, AVentures DAO, Subsquid, Stakeborg.

Bware Labs is a decentralized API infrastructure developer that provides an interface between Blockchain APIs consumers and node providers with integrated payment options and verified reliability. Bware Labs has developed Blast, a protocol for Web3 infrastructure, and has released the INFRA token to power the protocol. INFRA serves as the base for Blast's staking and delegation mechanism, incentivizing node operators and contributing to the decentralization and permissionless nature of the Blast protocol.

Aligned raised $34M in a  funding round from GSR Markets LTD, Altium Capital, Cavalry Asset Management.

Aligned delivers a robust suite of product offerings, including solutions for mining and high performance computing, staking and liquidity provisioning, while supporting decentralization through an immutable, full-stack infrastructure for DeFi. Aligned is designed to support a future built on natively decentralized technologies.

Slope Finance raised $8M in a Series A  funding round from Solana Ventures, Jump Crypto, Sequoia Capital.

A community-based decentralized exchange built on Solana.

Nori raised $7M in a Series A  funding round from M13*, Toyota Ventures, Placeholder.

Nori is a blockchain-based marketplace for carbon removal, aiming to reverse climate change by simplifying the process of paying people to remove carbon dioxide from the atmosphere. Through their platform, Nori enables carbon removal projects to measure and monetize their activities, connecting carbon removal suppliers directly with buyers.

Heroes of Mavia raised $2.5M in a Strategic  funding round from Crypto.com Capital, Hashkey Capital, Merit Circle, GuildFi, YGG SEA, Avocado Guild.

Heroes of Mavia is a play-to-earn massively multiplayer online strategic game

Cradles raised $5M in a Strategic  funding round from Animoca Brands*, HTX Ventures (ex Huobi Ventures), Mirana Ventures, Folius Ventures, Spark Digital Capital, Foresight Ventures, D1 Ventures, Youbi Capital, PathDAO, Good Games Labs, Avocado Guild, Play It Forward DAO.

Cradles is an upcoming fully decentralized MMORPG with a virtual open environment.

Ucollex raised $10M in a Series A  funding round from Animoca Brands*.

Platform that sells unique and limited edition NFT for toy and pop culture collectibles.

Catalog by Ren Labs raised $7.5M in a  funding round from Amber Group, Multicoin Capital, BlockTower Capital, LedgerPrime, Bixin Ventures, Petrock Capital, Genesis Block Ventures Capital (GBV), Cumberland (DRW).

The inaugural application developed by Ren Labs and built on the Ren blockchain (L0). It is the Metaversal exchange built on Ren. The vision for Catalog is to create the most secure cross-chain DEX with built-in liquidity mechanisms and consumer-friendly, CEX-like features for users to easily swap assets across the most popular blockchains.

Zebec raised $15M in a Series A  funding round from Solana Ventures*, Distributed Global*, Alameda Research, Coinbase Ventures, Lightspeed, DST Global, Circle Ventures, OKX Ventures (ex OKEx Blockdream Ventures), Global Founders Capital (GFC), Beco Capital, Greenoaks Capital, Golden Tree, 500 Startups (500 Global), Foresight Ventures.

Revolutionary DeFi technology that empowers real-time, frictionless and continuous streams of payments. Zebec aims to transform payroll, token vesting and subscription.

Mecha Morphing raised $3.5M in a  funding round from Infinity Ventures Crypto (IVC)*, YGG SEA*, Sfermion, Shima Capital, Spark Digital Capital, Momentum 6 (M6), AC Capital, Maven Capital, ZBS Capital, Mirana Ventures, LucidBlue Ventures, 3Commas, AU21 Capital, Good Games Labs, SMO Capital.

A fully decentralized ARPG energized by the players in its metaverse. The Play-to-Earn game utilizes blockchain technology in the form of digital currency and NFTs.

* fund, that lead investment round