Crypto Fundraising weekly
Dates: 21 – 27, Nov 2022

This week's biggest funding round

Thirdverse raised $15M in a funding round from OKX Ventures (ex OKEx Blockdream Ventures), Yield Guild Games (YGG), Fenbushi Capital.

Thirdverse Inc. is a virtual reality and Web3 game development, distribution and management company paving the path to the metaverse, and based out of Tokyo, Japan and San Francisco.

Pre-seed and Seed investment rounds

XDao raised $2.3M in a Seed funding round from DWF Labs, Panony.

XDao is a multichain DAO builder that enables the creation of decentralized autonomous organizations through its DAO framework. Users can establish a DAO, deposit crypto assets, manage them by voting and directly interact with DeFi protocols.

Midnight raised $7.5M in a Seed funding round from Shima Capital*, Forte Ventures, Overwolf, Woodstock, FJ Labs, Bixin Ventures, SnackClub.

'Midnight' is a web3-focused game development studio that's building a slate of free-to-play and premium games for diverse audiences, with a Web3-based "forging" system that creates true interoperability and a robust economy. Games already in development at Midnight include Legion, a 4X MMO; Next Protectors, a 2D pixel brawler; and At Your Service, a couch co-op title. The company plans to build a slate of first and third-party games across platforms and genres for diverse audiences.

NFTPerp raised $1.7M in a Seed funding round from Dialectic, Maven 11 Capital, Flow Ventures, AscendEX, Caballeros Capital, Cogitent Ventures, Nothing Research, Apollo Capital.

NFTPerp is the first NFT perpetual futures dex, an open-source DeFi software created for all web3 users. NFTPerp’s core product a decentralized exchange to long or short blue chip NFT projects such as BAYC, CryptoPunks and more.

Tropee raised $5.1M in a Seed funding round from Tioga Capital Partners, Lorens Huculak, Thibault Launay, Grégoire le Jeune, Sebastian Borget.

Tropee is NFT utility platform aims to inject utility into NFTs by helping brands easily create user experiences out of their collections.

Nucleo raised $4M in a Seed funding round from Bain Capital Ventures (BCV), 6th Man Ventures (6MV).

Nucleo is a crypto privacy startup that aims to create a private multi-sig solution for organizations to transact on the Ethereum blockchain through zero-knowledge cryptography.

Vinci Protocol raised $2.1M in a Seed funding round from United Overseas Bank (UOB), Signum Capital.

Vinci Protocol is a power suite of NFT data services and developer tools for native Web3 applications.

DEFYCA raised $1.3M in a Seed funding round from QBN Capital, Blizzard.

DEFYCA is a Luxembourg-based digital securities platform that has developed a blockchain protocol that enables digital and crypto investors to invest in traditional debt securities and loan portfolios via tokenized assets.

Vezgo raised $750K in a Pre-seed funding round from Bitnomic Capital Inc., Flinks Technologies Inc., M2S Capital Inc..

VEZGO INC is an Ontario, Canada based, venture-backed Crypto Data API. Vezgo's mission is helping Web 2 fintechs and financial companies, such as taxes, insurance, compliance, audit and assurance, bridge the gap into Web3.

Other investment rounds

t3rn raised $6.5M in a Strategic  funding round from Polychain Capital*, Huobi Ventures, Figment, Blockchange Ventures, Lemniscap, D1 Ventures.

t3rn is a Polkadot-based blockchain interoperability protocol that facilitates cross-chain transactions and enables trust-free collaboration between blockchains. It is a hosting platform for smart contracts that offers interoperability, fail-safe execution, and composability, allowing smart contracts to execute on multiple blockchains and be stored in a decentralized repository for anyone to use. The ultimate goal of t3rn is to create an ecosystem that rewards developers for their contributions and enables anyone to deploy an interoperable smart contract.

Onomy Protocol raised $10M in a  funding round from Bitfinex, GSR, Ava Labs, Coin Merge Strategy (CMS), DWF Labs.

Onomy Protocol is an interoperable Layer-1 ecosystem built to converge Forex and decentralized finance. Products include a methodical 3-stage rollout of an innovative multi-chain wallet, a DEX supporting an order book experience fused with AMM liquidity pools, and a stablecoin issuance protocol.

Across Protocol raised $10M in a  funding round from Hack VC, Placeholder, Blockchain Capital.

Across is the cross-chain bridge for Ethereum, Arbitrum, Optimism, Polygon, Boba and other Layer 1 and Layer 2 networks.

Carv raised $4M in a  funding round from Vertex Ventures, SnackClub, Infinity Ventures Crypto (IVC), YGG SEA, PAKA.

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.

MAD Metaverse raised undisclosed amount in a Strategic  funding round from DWF Labs.

MAD Metaverse is a play-to-earn metaverse game built on the Ethereum blockchain. Within the game, users can play with three types of NFTs: MAD Metascientists, MAD Metacells, and MAD Nanocells.

* fund, that lead investment round