Crypto Fundraising weekly
Dates: 23 – 29, May 2022

This week's biggest funding round

StarkNet raised $100M in a Series D funding round from Greenoaks Capital*, Coatue*, Tiger Global, Paradigm, Sequoia Capital, Three Arrows Capital.

StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.

Pre-seed and Seed investment rounds

FanTiger raised $5.5M in a Seed funding round from Multicoin Capital, IOSG Ventures, Polygon Studios, Woodstock.

FanTiger empowers independent artists to build fan communities on the platform and enable fans to help shape their career using music NFTs.

Cantina Royale raised $4.5M in a Seed funding round from Elrond, Mechanism Capital, Animoca Brands, Morningstar Ventures, Genesis Block Ventures Capital (GBV), Merit Circle, Skynet EGLD Capital, Exnetwork Capital, PathDAO, Good Games Guild, Chingari, EGLD GG, Crypto.com Capital.

Cantina Royale takes the form of a metaverse game featuring unique, fully-modeled characters, that are complemented by compatibility with third party NFT collections.

HALO raised undisclosed amount in a Seed funding round from KuCoin Labs*, GeekCartel.

Halo is a Web3 identity project that creates interactive 3D NFTs to offer users a unique visual identity in the metaverse. With HALO, holders not only own a set of unique images but the underlying certificates, making their identity mark truly belong to them. HALO NFTs are live-action 3D avatars that can be controlled and used on social media platform such as Discord, YouTube, TikTok, and for online meetings like Zoom.

Hexagon Wireless raised $2M in a Seed funding round from Hypersphere, Mechanism Capital, Superfluid Group.

Hexagon Wireless is a company building at the intersection of wireless technology and crypto, in an emerging industry called decentralized wireless (DeWi). DeWi represents a revolutionary new model for building and maintaining wireless networks.

Voyage Finance raised $1M in a Pre-seed funding round from Delphi Digital, Blockchain Space, PathDAO, Jason Choi, Gabby Dizon, Wangarian, Sam Kazemian.

Voyage Finance provides Web3 firm decentralized loans for gamers and guilds.

Pebble raised $6.2M in a Seed funding round from Y Combinator, Lightspeed, Cadenza, East Ventures, Orange DAO, Global Founders Capital (GFC).

Pebble is the first financial product where you are paid to save, spend, and send your money — all in one balance.

Doppel raised $5M in a Seed funding round from FTX Ventures, Polygon Studios, OpenSea, SV Angel, Dapper Labs, The Spartan Group, Solana Ventures, South Park Commons, Script Capital, Paxos, 6529 Capital, AlphaLab Capital.

Doppel is a real-time, cross-chain monitoring platform for detecting NFT fraud - starting with counterfeits.

Other investment rounds

Babel Finance raised $80M in a Series B  funding round from Jeneration Capital, 10T Holdings, Dragonfly Capital, BAI Capital, Circle Ventures.

Babel Finance is a leading global cryptocurrency financial institution specialized in serving high-net-worth individual and institutional investors worldwide.

Commonwealth raised $20M in a  funding round from Spark Capital, Polychain Capital, Wintermute, Mirana Ventures, Jump Crypto.

Commonwealth is an all-in-one platform for on-chain communities to discuss, vote, and fund projects together.

BUD raised $37M in a Series B  funding round from Sequoia Capital, Clearvue Partnetrs, NetEase, Northern Light Venture Capital, GGV Capital, Qiming Venture Partners, Source Code Capital.

BUD is a mobile application that runs on Android and iOS devices to provide access to a metaverse platform, a virtual reality space where users can enter with avatars and socialize.

Flowcarbon raised $70M in a Series A  funding round from Andreessen Horowitz (a16z crypto)*, General Catalyst, Samsung Next, Invesco Private Capital, RSE Ventures, Fifth Wall, Box Group, The Celo Foundation, 166 2nd, Sam Levinson, Ashley Levinson, Kevin Turen, Allegory Labs.

Flowcarbon is a pioneering climate technology company working to build market infrastructure in the voluntary carbon market (VCM).

* fund, that lead investment round