Crypto Fundraising weekly
Dates: 24 – 30, May 2021

This week's biggest funding round

USD Coin raised $440M in a funding round from Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures (IFV), Atlas Merchant Capital, Digital Currency Group (DCG), FTX Ventures, Breyer Capital, Valor Capital Group, Pillar VC.

USDC is a fully collateralized stablecoin backed by Circle and Coinbase, which maintains a 1:1 ratio with the US dollar. It is available on various blockchain platforms and provides stability to the crypto ecosystem, allowing for possibilities in payments, lending, investing, trading, and trade finance. USDC is issued by regulated and licensed financial institutions that maintain full reserves of the equivalent fiat currency, and regular reports on reserve holdings are issued by Grant Thornton LLP.

Pre-seed and Seed investment rounds

Mintlayer raised $5.2M in a Seed funding round from Alphabit, Moonwhale Ventures, 4SV (Four Seasons Ventures), x21 Digital, Iconomy Partners.

Mintlayer aims to improve Bitcoin DeFi interoperability by creating a blockchain for participating in trust-less Staking, Lending & Borrowing with BTC.

QuickNode raised $5.3M in a Seed funding round from Seven Seven Six Ventures, Softbank’s Opportunity Fund, Arrington Capital, Crossbeam Venture Partners, Anthony Pompliano.

QuickNode is an all-in-one blockchain development platform that offers a global API with access to multiple blockchains and networks, along with high-leverage tools and expert support. Its mission is to simplify blockchain infrastructure and help developers build and scale Web3 applications.

Evertas raised $5.8M in a Seed funding round from Morgan Creek Capital, CMT Digital, Hashkey Capital, Wave Partners, Fourth Revolution Capital (4RC).

Evertas is a cryptoasset insurance company. Evertas focuses on covering institutional holders of cryptoassets including exchanges, custodians, traditional financial institutions, funds, family offices, and ultra-high net worth individuals.

HaloDAO raised $3.5M in a Seed funding round from Parataxis Capital, QCP Soteria, Genesis Block Ventures Capital (GBV), The Spartan Group, NGC Ventures (NEO Global Capital), Coin Merge Strategy (CMS), LedgerPrime, Genblock Capital, Petrock Capital.

HaloDAO is a stablecoin marketplace protocol that aims to bridge the gap between Traditional and Decentralised Finance.

Onlybots raised $500K in a Pre-seed funding round from Coinbase Ventures*, Divergence*, Flamingo*.

Onlybots is a collection of digital pets consumers are able to buy and sell to each other — although Onlybots appears to be breaking new ground with the addition of AR. Created by Anima.

Staking Rewards raised undisclosed amount in a Seed funding round from Swiss Founders Fund (SFF), Fenbushi Capital, Ant Capital (a&t).

Staking Rewards is a data provider for staking, crypto-growth rates and yield-bearing assets.

everFinance raised $1M in a Seed funding round from Hashkey Capital, SevenX Ventures, Arweave, BreederDAO, OKX Ventures (ex OKEx Blockdream Ventures), D1 Ventures.

everFinance offers a software platform that features a real-time payment protocol for the blockchain.

Polygon (ex Matic Network) raised undisclosed amount in a Seed funding round from Mark Cuban*.

Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks.

Lossless raised $2.2M in a Seed funding round from DAO Maker, Master Ventures, x21 Digital, Magnus Capital, Hacken, Poolz Finance, CyberFi.

Lossless brings a trusted and safe DeFi ecosystem with minimal to no losses from hacks, exploits, or social engineering.

OneOf raised $63M in a Seed funding round from Sangha Capital, Bill Tai, Tezos, Suna Said.

OneOf is a music-focused non-fungible token (NFT) platform.

Cryption Network raised undisclosed amount in a Seed funding round from Coin Merge Strategy (CMS), x21 Digital, Waterdrip Capital, Master Ventures, AU21 Capital, Genblock Capital, Ascensive Assets, GravityX Capital, Sandeep Nailwal.

Cryption Network is a suite of DeFi products for retail investors with an aim to make DeFi more accessible for the masses.

Bware Labs raised $1.2M in a Seed funding round from Morningstar Ventures, Moonrock Capital, The Spartan Group, Genesis Block Ventures Capital (GBV), Waterdrip Capital, Vendetta Capital, Avalanche, Ankr Network.

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.

Other investment rounds

Virtue Poker raised $250K in a Public sale  funding round from .

A peer-to-peer decentralized poker platform built on Ethereum.

Set Labs raised $14M in a Series A  funding round from 1kx, Hashed.

Set Labs is a crypto-financial platform that allows users to create baskets of cryptocurrency, NFTs, and on-chain securities.

Blocto raised $8M in a  funding round from Animoca Brands*, Alameda Research, Quantstamp, 500 Startups (500 Global), Coin Merge Strategy (CMS), Animal Ventures, Everest Ventures Group (EVG), SNZ Holding, BTC12 Capital, Continue Capital, Divergence, Origin Capital, Altonomy, SevenX Ventures, LD Capital, AXIA8 Ventures, Krypital Group, Mark Cuban, Waterdrip Capital, Roham Gharegozlou.

Blocto is a secure cross-chain crypto wallet that is building a cross-blockchain ecosystem with the best user experienceavailable. Through Blocto, users can easily access blockchain applications (dApps), crypto, and NFT assets, no matter which blockchain they are built on; developers can integrate with the identity and payment services that Blocto provides and create a frictionless onboarding experience.

Polytrade raised $1.2M in a  funding round from Master Ventures, Orion Protocol, AU21 Capital, Spark Digital Capital, LD Capital, Icetea Labs, Momentum 6 (M6), Krypital Group, ROK Capital, Amesten, AXIA8 Ventures, Shima Capital, DaSheng Capital, Sandeep Nailwal.

Polytrade is a decentralized trade finance platform that aims to transform receivables financing.

Circle raised $440M in a  funding round from Fidelity Management and Research Company, Marshall Wace, Willett Advisors, Intersection Fintech Ventures (IFV), Atlas Merchant Capital, Digital Currency Group (DCG), FTX Ventures, Breyer Capital, Valor Capital Group, Pillar VC.

Circle is a global financial technology company that offers a range of products and services related to digital assets. Its flagship product, USD Coin (USDC), is a stablecoin pegged to the US dollar and fully backed by cash and US Treasury bonds. Circle also provides a cryptocurrency exchange, payment processing, and financial tools for businesses, making it a popular choice for both individual users and businesses looking to engage with digital assets securely and efficiently.

Freela raised $140K in a Public sale  funding round from .

Freela is a Defi powered and self governing DAO designed to act as a decentralised broad platform for freelancing transactions.

Talos raised $40M in a Series A  funding round from Andreessen Horowitz (a16z crypto), PayPal Ventures, Fidelity Management and Research Company, Galaxy Digital.

Talos is an end-to-end crypto trading platform that provides digital asset trading technology for lenders, brokers, and investors.

Meme.com raised $5M in a  funding round from Outlier Ventures, Digital Finance Group (DFG), Morningstar Ventures, Blockhype, Spark Digital Capital, Gabby Dizon, Sandeep Nailwal.

Meme.com is a platform that allows users to create markets and collectibles around any trend using "memetic assets" and "memecoins". Users can buy, sell, and stake Meme Tokens using Memecoin, with rewards given to long-term holders, high-volume traders, trend finders, and quest completers. The platform also includes Marble.Cards, an NFT project heavily influenced by memes, and a cryptofied Tinder game called the Arena, where users can vote on and discover trends.

Metacask raised undisclosed amount in a  funding round from Crypto com Capital.

MetaCask is a marketplace for spirits and spirits-related collectibles that are represented by NFTs. The NFTs serve as a Title of Deed for the collectibles and allow for easy buying and selling of these items.

BSClaunch raised $80K in a Public sale  funding round from .

BSClaunch is a multi-functional integrated protocol built on the Binance Smart Chain.

Centrifuge raised $18.7M in a Public sale  funding round from .

The untapped multi-trillion dollar market of real-world assets (RWA) is now entering Decentralized Finance (DeFi) through Centrifuge: the first protocol to connect DeFi to the real-world.

Ledn raised $30M in a Series A  funding round from Kingsway Capital, Alan Howard, SIG DTI (a Susquehanna International Group Company), ParaFi Capital, Hashed.

Ledn is a Canadian crypto lender.

Qilin raised $800K in a  funding round from Multicoin Capital, Continue Capital, Fundamental Labs, Yuanyuzhou Ventures.

Qilin is a decentralized volatility protocol that provides the ability to long volalitity of any crypto asset.

NFTMart raised $75K in a Public sale  funding round from .

NFTMart is a scalable, decentralized, cross-chain trading platform based on an independent public chain.

Kally (ex Polkally) raised $400K in a Public sale  funding round from .

Kally is a cross-chain & user-friendly NFT marketplace.

dotmoovs raised $160K in a Public sale  funding round from .

DOTMOOVS is a platform powered by blockchain and a state-of-the-art AI system to analyse videos of players performing sports challenges.

iMe Smart Platform raised undisclosed amount in a  funding round from OKX Ventures (ex OKEx Blockdream Ventures), Litentry, Titans Ventures, Catapult (ex A2DAO).

iMe is a native messaging smart platform powered by Telegram with Crypto Wallet.

Pintu raised $6M in a Series A  funding round from Pantera Capital, Intudo Ventures, Coinbase Ventures, Castle Island Ventures, Alameda Research, Blockchain com (Blockchain Ventures).

Pintu is a crypto App for everyone for trading, analyzing, managing assets, and learning about crypto.

Chia raised $61M in a Series D  funding round from Andreessen Horowitz (a16z crypto), Richmond Global Ventures.

Chia Network is a new blockchain and smart transaction platform that is easier to use, more efficient, and secure.

Solidus Labs raised $20M in a Series A  funding round from Evolution Equity Partners, Hanaco Ventures, FTX Ventures, Fidelity Management and Research Company, Avon Ventures, Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC).

Solidus Labs is the first automated, comprehensive and testable market surveillance and risk monitoring hub tailored for digital assets.

* fund, that lead investment round