Crypto Fundraising weekly
Dates: 24 – 30, Sep 2023

This week's biggest funding round

Supra raised $24M in a funding round from Coinbase Ventures, Animoca Brands, Republic Capital (ex Republic Labs), Hashed, Sound Ventures, HTX Ventures (ex Huobi Ventures), Razer, FiveT Fintech (ex Avaloq Ventures), Hypersphere, Galaxy Interactive, MARBLEX Corp., Hashkey Capital, UOB Venture Management, Valor Equity Partners, Prosus Ventures, Sublime Ventures, Shima Capital, BCW Group, No Limit Holdings (NLH), Republic Crypto, Signum Capital, SMO Capital.

Supra is a decentralized oracle platform that offers secure and low-latency access to real-world data for smart contracts and blockchain applications. It utilizes its bespoke consensus algorithm, "Moonshot Consensus," to achieve sub-2 second finality and provides a bridgeless communication network for enhanced security. Supra's goal is to enable Web3 interoperability and advance performance and security standards for decentralized applications.

Pre-seed and Seed investment rounds

IYK raised $16.8M in a Seed funding round from Andreessen Horowitz (a16z crypto)*, Collab+Currency, Lattice Fund, 1kx, PTC Crypto (Palm Tree Crew), Synergis Capital, Coop Records, Gmoney, Erick Snowfro, Justina Versano.

IYK is a Web3 startup that empowers brands, musicians, and creators to build digital-physical experiences, enhancing customer engagement and community connections. It offers tools such as near-field communication chips for tokenizing physical products and events as NFTs, along with developer APIs for customization, aiming to bridge the physical and digital worlds for brands like Adidas and Johnnie Walker.

Verisoul raised $3.3M in a Seed funding round from BITKRAFT Ventures*, King River Capital, Third Prime, Hashkey Capital.

Verisoul is a fraud prevention platform uses AI and machine learning to analyze data from a variety of sources, including user profiles, device fingerprints, and behavior patterns, to identify and block fake users. It offers a ZeroFake solution through an SDK that monitors and prevents fraudulent activities during user interactions, including sign-up and sign-in processes, contributing to a safer online environment.

Bril Finance raised $3M in a Seed funding round from FalconX, Kosmos Ventures, Algorand Foundation.

Bril Finance is a decentralized portfolio management platform that uses algorithms and automatic token deployment to adjust a user’s position. With features like cross-chain asset management, yield aggregation, and automated portfolio optimization, it aims to make yield management accessible and inclusive while continually improving its platform.

Restake Finance raised $500K in a Seed funding round from AlfaDAO, DCDAO, 0xJeff, Getmoni, Bizyugo.

Restake Finance is a protocol that introduces modular liquid staking for EigenLayer (EL). It allows users to earn Ethereum staking rewards and EigenLayer native rewards without the need to lock up assets or manage staking infrastructure. This decentralized system is governed by the Restake Finance DAO using the ReFi token.

Fhenix raised $7M in a Seed funding round from Multicoin Capital*, Collider Ventures*, Node Capital, Bankless Ventures, Hack VC, Tane, Metaplanet, Robot Ventures.

Fhenix is a blockchain platform that pioneers Fully Homomorphic Encryption (FHE) to enable confidential smart contracts on public blockchains like Ethereum. FHE, a cutting-edge encryption technology, allows computations on encrypted data without decryption, ensuring transaction inputs and states remain encrypted throughout the process.

Avantis raised $4M in a Seed funding round from Pantera Capital*, Founders fund, Galaxy Digital, Base Ecosystem Fund, Modular Capital.

Avantis Finance is a decentralized finance (DeFi) protocol designed for leverage trading in cryptocurrencies and forex. It employs a unique dynamic risk tranching system to protect traders from substantial price movements. Avantis Finance has the potential to revolutionize cryptocurrency trading by offering decentralization, transparency, and efficiency.

AnchorWatch raised $3M in a Seed funding round from Ten31*, Axiom, UTXO Management, Bitcoin Opportunity Fund, Timechain.

AnchorWatch is an institutional-grade insurance provider specializing in Bitcoin held in cold storage. It offers protection against theft, loss, and damage, providing peace of mind for businesses and fiduciaries. AnchorWatch's Trident Vault software combines self-custody control with supported-custody safety and governance, backed by high-quality insurance coverage, making it a trusted choice for securing Bitcoin assets.

Pimlico raised $1.6M in a Pre-seed funding round from 1confirmation*, Safe (ex Gnosis Safe), a16z Crypto Startup School (CSS), ConsenSys.

Pimlico is an infrastructure platform for developing next-gen Smart Wallets, offering tools like bundlers, verifying paymasters, and more for ERC-4337 Smart Wallet development. This crypto infrastructure platform focuses on enhancing wallet security, user-friendliness, and power through features like account abstraction, modularity, and composability, aiming to provide developers with the tools needed for building innovative wallets and smart accounts on the Ethereum blockchain.

Swisstronik raised $5M in a Seed funding round from Constantin Guggi, Anton Polianski.

Swisstronik is a layer 1 solution built on the Cosmos SDK framework with Ethereum Virtual Machine (EVM) compatibility. This integration allows Swisstronik to offer Ethereum compatibility while providing additional features such as private EVM execution using Intel SGX and support of shielded transactions for privacy.

Other investment rounds

0xScope raised undisclosed amount in a  funding round from OKX Ventures (ex OKEx Blockdream Ventures)*.

0xScope is a knowledge graph protocol that aims to standardize and enhance the analysis of Web2 and Web3 data. It provides a range of tools for on-chain data analytics, including entity clustering, activity tracking, and pattern analysis. 0xScope is widely used by researchers, traders, investors, and other stakeholders to gain insights into blockchain entities' behavior and trends.

Rated raised $12.9M in a Series A  funding round from Archetype*, Placeholder, 1confirmation, Cherry Ventures, Semantic Ventures, Robot Ventures, Chorus One, Factor Ventures, Maelstrom.

Rated is a data analytics and ratings platform that offers insights for Ethereum validators and node operators, aiding users in informed decision-making for delegating their ETH. It assesses factors such as performance, uptime, security, and participation. Rated's ratings are based on a variety of factors, including performance, uptime, security, and participation in the Ethereum network.

LeverFi (ex RAMP DeFi) raised $2M in a  funding round from DWF Labs*.

LeverFi is a permissionless on-chain leveraged trading platform that allows traders to take leveraged positions on a variety of assets, including cryptocurrencies, stocks, and commodities. LeverFi is powered by smart contracts, which ensure that trades are executed fairly and securely.

Zunami Protocol raised undisclosed amount in a  funding round from Michael Egorov*, MrBlock*, C2tP*, Winthorpe*, Hubert*, Paul Sanfira*, Cream Finance*.

Zunami is a decentralized protocol that issues aggregated stablecoins backed by Omni pools, optimizing income generation strategies and employing DAO governance. It offers zStables, including UZD and zETH, with unique rebasing features that maximize income distribution and redirect rewards to the Zunami treasury. This DAO-oriented project simplifies stablecoin yield aggregation, provides real income, and is community-driven to enhance DeFi accessibility.

KYAX raised undisclosed amount in a Strategic  funding round from Appold*.

KYAX is an institutional-grade crypto reporting tool that consolidates data from various sources, including blockchains, exchanges, wallets, Google Sheets, and more, to provide accurate and compliant reports for digital asset leaders. It serves the needs of different stakeholders, including auditors, clients, investors, and regulatory bodies and offers a variety of reporting features, such as custom report generation, real-time dashboards, and API integration.

Cygnetise raised $3.1M in a Series A  funding round from Adjuvo*, Massive, Appold.

Cygnetise is a blockchain-powered application that revolutionizes the management of authorized signatory lists for organizations. By utilizing blockchain technology, Cygnetise helps mitigate the risk of fraud, significantly reduces administrative time and costs, enhances transparency, and ensures efficient, secure, and real-time management of authorized signatories for businesses and financial institutions.

* fund, that lead investment round