Crypto Fundraising weekly
Dates: 22 – 28, Oct 2018

Summary

During this week 6 blockchain startups has raised $78.9M in funding:

Unknown round: 2 startups $62M
Seed round: 2 startups $10.9M
Series A round: (1 startup) $6M
Angel round: (1 startup) undisclosed amount

$20.7M

$41.3M

$62M

Investments by ecosystem

This week's biggest funding round

Algorand raised $62M in a funding round from Eden Block, Union Square Ventures (USV), NGC Ventures, Lemniscap, Eterna Capital.

Pre-seed and Seed investment rounds

Gauntlet raised $2.9M in a Seed funding round from First Round Capital*, Polychain Capital, Dragonfly Capital, Coinbase Ventures.

Gauntlet builds a blockchain simulation and testing platform for financial systems.

Spatial raised $8M in a Seed funding round from Samsung Next, Inovia Capital.

Other investment rounds

xx network raised undisclosed amount in a Angel funding round from .

Binance raised undisclosed amount in a funding round from Vertex Ventures*.

Binance is a global cryptocurrency exchange platform founded in 2017 by Changpeng Zhao, also known as “CZ.” Initially based in China, Binance relocated its operations due to increasing regulatory restrictions on cryptocurrencies.

Minds raised $6M in a Series A funding round from Medici Ventures*.

* fund, that lead investment round

Crypto Fundraising weeklyDates: 22 – 28, Oct 2018