Crypto Fundraising weekly
Dates: 26 Nov – 02 Dec 2023

This week's biggest funding round

Wormhole raised $225M in a funding round from Brevan Howard Digital, Coinbase Ventures, Multicoin Capital, Jump Trading, ParaFi Capital, Dialectic, Borderless Capital, Arrington Capital.

Wormhole is a leading interoperability platform that connects over 20 blockchain networks, providing developers with access to liquidity and users. Through its foundational Wormhole Messaging protocol, it enables a wide range of use cases spanning DeFi, NFTs, and governance. Wormhole's decentralized architecture, exemplified by products like Wormhole Connect, ensures secure cross-chain communication, trusted by major teams such as Circle and Uniswap.

Pre-seed and Seed investment rounds

MITH raised $3.5M in a Seed funding round from Warner Music Group, CMT Digital, Winklevoss Capital, Synergis Capital, Near Foundation, Fourth Revolution Capital (4RC), Alpha Praetorian Capital.

MITH is a platform offering community forums, content sharing, and commerce features, including physical and digital goods, to fans through tiered memberships. Operating on a SaaS model, MITH charges clients a monthly fee and a percentage of revenue. Their initial project, Private Garden, is built on Polygon, and MITH is expanding its services to other blockchain partners with plans to launch a self-serve platform in the near future.

MYX Finance raised $5M in a Seed funding round from HongShan (ex Sequoia China)*, ConsenSys, Hack VC, OKX Ventures (ex OKEx Blockdream Ventures), Redpoint, Hashkey Capital, Foresight Ventures, GSR Markets LTD, Leland Ventures, Cypher Capital, Bing Ventures, Lecca Ventures.

MYX.Finance is a decentralized derivatives exchange (DEX) that transforms the trading landscape with its P2Pool2P (peer-to-pool-to-peer) model and intelligent funding rate mechanism. The platform simplifies liquidity management with a single-pair LP system, empowering traders to focus on strategies. MYX.Finance offers a diverse array of derivatives instruments, including perpetual futures and options, ensuring a comprehensive trading experience.

Setter raised $5M in a Seed funding round from Andreessen Horowitz (a16z crypto)*, Marcy Venture Partners, Superlayer, Thirty Five Ventures (35V), Serena Williams.

Setter is a consumer app facilitating Web3-powered commerce, enabling brands to showcase exclusive products through limited edition drops. The platform focuses on simplifying the entry into Web3 by addressing the complexity of existing wallet technologies, initially targeting partnerships with streetwear and sneaker brands with plans for expansion into fashion, luxury items, and consumer collectibles.

AnotherBall (IZUMO) raised $12.7M in a Seed funding round from ANRI*, Hashed*, Global Brain, Globis Capital Partners, Sfermion, Hashkey Capital, Everyrealm, Ethereal Ventures, Emoote, Kun Gao.

AnotherBall is a venture company behind IZUMO, a pioneering decentralized application (dApp) ecosystem focused on empowering anime, manga, gaming, and VTubing enthusiasts. With a mission to "Live as you want to be," IZUMO aims to create a collaborative space for creators and fans, utilizing blockchain technology to ensure secure and transparent transactions within a sustainable dApp-based creator economy.

Other investment rounds

Web3Labs raised $2M in a Strategic  funding round from Foresight Ventures, VCB, Waterdrip Capital, Cipholio Ventures, NexGenVenture, QTUM VC.

Web3Labs serves as a comprehensive platform for Web3 entrepreneurship, offering a one-stop gateway for global Web3 companies looking to establish a presence in locations such as Hong Kong, Singapore, South Korea, Hangzhou, and Beijing. With a focus on providing services like landing support, investment acceleration, technical collaboration, and compliance assistance, Web3Labs aims to facilitate the growth and success of Web3 enterprises.

Grove (ex Pocket Network Inc.) raised $7.9M in a  funding round from Avon Ventures, Placeholder, Druid Ventures, Andrew Kang.

Grove is a decentralized infrastructure provider that enables multi-chain user experiences at scale by offering decentralized physical infrastructure (DePIN). As the founders of Pocket Network, Grove supports over 40 different chains, providing Web3 infrastructure for building products and services. Its network's native token, POKT, plays a pivotal role in incentivizing the decentralized infrastructure ecosystem.

UniSat raised undisclosed amount in a Strategic  funding round from LK Venture*.

UniSat is a blockchain service provider with a user-friendly wallet, UniSat Wallet, enabling secure storage and transactions of bitcoins and Ordinals on the Bitcoin blockchain. It empowers users to explore the potential of Ordinals and BRC20 tokens, offering a comprehensive platform for inscription, trading, and management.

Coinchange raised $10M in a Series B  funding round from G1 Ventures*, Spirit Blockchain*, Good News Ventures*, K2 CA*, Atoia Ventures*, Mintfox.

Coinchange is a leading API-powered stablecoin yield aggregator, offering a secure and user-friendly platform for earning passive income on stablecoins. By partnering with trusted DeFi protocols, Coinchange provides a diversified and risk-adjusted approach to stablecoin yield generation, simplifying the process for both individuals and institutions.

Acctual raised $3.9M in a  funding round from Third Prime, IDEO CoLab Ventures, Alchemy Ventures, Orange DAO, Soma Capital, Adventure Fund, Nonagon, Plassa Capital, Ligature VC, Ryan Selkis, Prajit Nanu.

Acctual is a unified AP + AR automation system for both fiat and digital assets, seamlessly integrating with ERPs to streamline financial operations. By connecting existing accounting systems with blockchain technology, Acctual automates reconciliation, reduces fraud, and provides real-time insights for informed decision-making.

Bioniq raised undisclosed amount in a  funding round from Polychain Capital*.

Bioniq is a decentralized application (dApp) ecosystem dedicated to simplifying the interaction with Ordinals, non-fungible tokens (NFTs) inscribed directly onto Bitcoin's blockchain. The platform provides intuitive tools for inscribing, storing, trading, and managing Ordinals, fostering adoption and innovation in this emerging space.

Wind raised $3.8M in a  funding round from Global Founders Capital (GFC)*, The Spartan Group*, Saison Capital, Alumni Ventures (AVG), Tiny VC.

Wind is a secure digital wallet for managing various cryptocurrencies built on the Polygon blockchain. Supporting Bitcoin, Ethereum, and USDT, it caters to both novice and experienced users with an intuitive interface. Wind App ensures the safety of digital assets through robust security measures, making it a reliable choice for cryptocurrency management.

The Open Network (TON) raised undisclosed amount in a  funding round from Animoca Brands*.

TON (The Open Network) is a fully decentralized layer-1 blockchain developed by Telegram. It offers fast transactions, low fees, user-friendly applications, and eco-friendly features. TON aims to unite various blockchains and the existing internet, providing a scalable and secure platform capable of hosting a wide range of applications and services.

Inspect raised undisclosed amount in a  funding round from Dewhales Capital, BasementDAO, Morningstar Ventures, Kairon Labs, Optic Capital, Rarestone Capital, Maven Capital, Zeneca.

Inspect is an on-chain analytics platform providing real-time insights for tokens, NFTs, and traders, facilitating informed decision-making in the dynamic crypto landscape. With customizable dashboards and powerful search tools, it empowers users to track metrics, identify trends, and uncover hidden patterns within blockchain data.

Rad raised undisclosed amount in a  funding round from Ayre Ventures*.

Rad is a transformative Web3-enabled streaming platform that empowers creators to monetize their content directly through token-gated features, disrupting traditional streaming models. With a focus on authentic engagement, it fosters a direct connection between creators and audiences while offering a diverse range of content, including live TV channels and exclusive token-gated features.

Open Campus raised $3.2M in a  funding round from Binance Labs Fund*.

The Open Campus Protocol is a decentralized platform that leverages blockchain technology to create a fairer and more inclusive education system. It empowers educators and learners by decentralizing the creation and distribution of educational content, and utilizes the $EDU token to incentivize high-quality content creation and collaboration. The platform also enables digital property rights through Publisher NFTs, which allow creators to maintain ownership of their intellectual property and monetize their content based on its performance.

Farcana raised undisclosed amount in a Strategic  funding round from Animoca Brands*.

Farcana Studio is a UAE-based gaming studio developed free-to-play team-based shooter Farcana, emphasizing 4v4 gameplay, unique abilities, and a Bitcoin prize system. Developed on Unreal Engine 5, it combines tactical and strategic elements, attracting thousands of players and introducing innovative features like "Free Mint" Bitcoin ordinals in AAA Web3 gaming. Farcana's immersive experience includes competitive tournaments, a battle royale mode set on a terraformed Mars, and a deflationary Play-to-Hash economic model linked to real Bitcoin mining power.

CoralApp raised $3M in a Strategic  funding round from TealLink Capital*.

CoralApp is an innovative fitness and wellness app leveraging blockchain technology, offering features for physical and mental well-being. It provides a multichain experience accessible on platforms like Binance BSC, Polygon, Avalanche, Solana, and Zilliqa. CoralApp's diverse features include step tracking, challenges, wellness tracking, meditation, a community forum, and a marketplace for NFT-based fitness and wellness content. The app prioritizes community interaction, data ownership, and incentivizes healthy habits through rewards.

* fund, that lead investment round