Crypto Fundraising weekly
Dates: 25 Jun – 01 Jul 2023

This week's biggest funding round

Mythical Games raised $37M in a Series C funding round from Scytale Digital*, Andreessen Horowitz (a16z crypto), ARK Invest, Animoca Brands, Proof, MoonPay, WestCap, Gaingels, Signum Growth Capital, Struck Capital.

Mythical Games is a giant Web3 video game development studio known for creating popular games such as NFL Rivals and Blankos Block Party, which were released on the Epic Games Store. They are building a Web3 gaming ecosystem that utilizes blockchain and playable NFTs, allowing players, creators, artists, brands, and developers to actively participate and benefit from "play and earn" game economies.

Pre-seed and Seed investment rounds

Mind Network raised $2.5M in a Seed funding round from Binance Labs Fund, SevenX Ventures, Chainlink labs, Comma3 Ventures, Big Brain Holdings, Hashkey Capital, Arweave SCP Ventures, Mandala Space Ventures.

Mind Network is a decentralized platform that utilizes Adaptive Fully Homomorphic Encryption (FHE) to protect user data, smart contracts, and AI on Web3. It offers a Zero Trust Data Lake, providing secure storage, computation, and access control through end-to-end encryption, making it user-friendly and enhancing data security in the Web3 ecosystem.

AlloyX raised $2M in a Pre-seed funding round from Hack VC*, Circle Ventures, Digital Currency Group (DCG), Stratos Technologies, Lecca Ventures, MH Ventures, Very Early Ventures, Archblock, dao5 (daofive), Credix Finance.

AlloyX is a decentralized finance (DeFi) protocol that leverages tokenized credit to facilitate investments in Real-World Assets (RWA). By aggregating credit from various protocols into a single vault, AlloyX offers individuals, DAOs, and institutional investors a seamless and efficient platform to access and lend capital to real-world businesses.

OutDID raised $2.5M in a Seed funding round from Jump Crypto*, Superscrypt, Dusk Foundation.

OutDID is a privacy-focused ID verification solution using zero-knowledge proofs, offering secure and fraud-resistant verification without storing or processing personal data, making it an efficient and compliant option for various industries such as financial services, hospitality, mobility, e-commerce, and more, helping businesses maintain rigorous verification standards while minimizing expenses and compliance risks.

Brahma raised $2.5M in a Seed funding round from Greenfield Capital*.

A decentralized yield protocol that lowers the complexity of generating a yield on numerous cross-chain DeFi primitives.

Pixion Games raised $5.5M in a Seed funding round from Blizzard, Shima Capital, ReadyPlayerDAO, Merit Circle, Zee Prime Capital, Mechanism Capital, GSR Markets LTD, Avalaunch, Eldridge.

Pixion Games is a Web3 gaming studio that focuses on developing action-based role-playing games, such as Fableborne, with a competitive multiplayer element and player-owned economies. Their mission is to create accessible games with short gameplay sessions and introduce a Play-to-Own model through blockchain technology.

Other investment rounds

Startale Labs raised $3.5M in a  funding round from Sony Network Communications*.

Startale Labs is an advanced Web3 technology company that specializes in developing multi-chain applications and infrastructure, conducting research and development, and providing incubation programs for Web3 startups. They are known for their products such as Astar Network, a popular smart contract platform in Japan, and Swanky Suite, a comprehensive tool for WebAssembly smart contract developers.

Hook Protocol raised $3M in a  funding round from Collab+Currency*, Lattice Fund*, Slow Ventures, Sfermion, Maven 11 Capital, Contrary, Flamingo, Neon DAO, THE LAO, Gmoney.

Hook Protocol is an NFT-native call options protocol that utilizes a settlement auction to determine the final price of the underlying asset, offering a unique approach to trading options without relying on oracles. Options unlock new yield and hedging opportunities for NFT holders. At the same time, traders can use options to speculate on price movements and access safer leverage.

Conflux raised $18M in a  funding round from DWF Labs*.

Conflux is a first layer consensus blockchain designed for high throughput and scalability while maintaining decentralization, using a Tree-Graph structure to confirm multiple blocks concurrently. It is a regulatory compliant, public, and permissionless blockchain that operates with an account-based model and supports a modified version of Solidity and Ethereum Virtual Machine for its smart contracts.

One Trading (ex Bitpanda Pro) raised $32.6M in a Series A  funding round from Valar Ventures*, Middlegame Ventures, Speedinvest, Keyrock, Wintermute.

One Trading is a regulated digital asset exchange that aims to bridge the gap between crypto and traditional asset trading by providing a single platform for professionals, businesses, and institutions. With high KYC & AML standards, transparency, and asset segregation, they offer a secure and transparent trading environment. Additionally, they focus on capital efficiency and robust risk management to provide a reliable trading experience.

Delysium raised undisclosed amount in a Strategic  funding round from Polygon Ventures*.

Delysium is an open-world, AI-powered, player-owned MMO game where players can participate in diverse game modes, explore customizable universes, create various personalized physical assets, narrative assets, and native AI MetaBeings.

Tegro raised undisclosed amount in a  funding round from Polygon Ventures*.

Tegro is an NFT exchange platform that offers seamless, cost-efficient trading of non-fungible tokens across Ethereum, Polygon, and other EVM-compatible chains. With decentralized market management features and user-friendly tools, Tegro simplifies NFT trading.

Shutter raised $2.4M in a  funding round from Alphemy Capital, CoinIX Capital, Equilibrium.co, FishDAO, Gnosis DAO, JDAC Capital, OKX Ventures (ex OKEx Blockdream Ventures), Owl Ventures, Own Fund.

Shutter Network is an open-source project that aims to prevent front-running and malicious MEV (Miner Extractable Value) on Ethereum through the use of threshold encryption. It provides a decentralized and efficient solution that allows users to send encrypted transactions, protecting them from front-runners in the dark forest. The network relies on a group of special nodes called keypers, who generate encryption keys using a distributed key generation protocol, ensuring the security and integrity of the system.

PWN raised $2M in a  funding round from Starkware, Nethermind, Safe (ex Gnosis Safe), Digital Finance Group (DFG), Jsquare, Dialectic, Next Web Capital, F.actor, IQTEC, Ematiq.

PWN is a decentralized peer-to-peer lending protocol on Ethereum and Polygon, enabling borrowers to obtain loans backed by their own digital assets like ERC-20 tokens or NFTs, while lenders earn interest by providing these loans. It eliminates the need for intermediaries, relying on trustless smart contracts to facilitate secure and transparent lending transactions.

Velo raised $10M in a  funding round from DWF Labs*.

Velo Labs is a blockchain infrastructure company specializing in the development of a compliance-first global settlement network for fast, secure, and cost-effective cross-border payments.

* fund, that lead investment round