Crypto Fundraising weekly
Dates: 27 Aug – 02 Sep 2023

This week's biggest funding round

DeForm raised $4.6M in a Seed funding round from Kindred Ventures*, Elad Gil, Next Web Capital, Scalar Capital, A Capital, Alchemy Ventures.

ProsperEx ia a universal decentralized exchange, blending the security of DeFi with real-world assets (RWA) and AI, designed to empower leveraged trading across all assets with unparalleled security and user experience.

Pre-seed and Seed investment rounds

Stroom Network raised $3.5M in a Seed funding round from Greenfield Capital*, Lemniscap, No Limit Holdings (NLH), Cogitent Ventures, Ankr Network, Mission Street Ventures.

Stroom Network is a liquid staking protocol that enables users to leverage their Bitcoin holdings across Lightning Network and Ethereum. It allows users to earn routing fees on Lightning Network while issuing a wrapped Bitcoin token, lnBTC, on Ethereum for yield opportunities. Stroom bridges the gap between these networks, providing enhanced utility and liquidity for Bitcoin.

Tako Protocol raised $2M in a Pre-seed funding round from UOB Venture Management, DWF Labs, Mask Network, Signum Capital, AC Capital, Smrti Lab, RSS3, HashBrown Research.

Tako Protocol is an open recommendation protocol that serves as a content distribution layer for Web3 Social. It aims to decentralize and personalize content recommendations while empowering users to curate and control their content experience.

DeForm raised $4.6M in a Seed funding round from Kindred Ventures*, Elad Gil, Next Web Capital, Scalar Capital, A Capital, Alchemy Ventures.

ProsperEx ia a universal decentralized exchange, blending the security of DeFi with real-world assets (RWA) and AI, designed to empower leveraged trading across all assets with unparalleled security and user experience.

Lyvely raised undisclosed amount in a Seed funding round from Cypher Capital*.

Lyvely is a UAE-based social networking and content monetization platform that provides an integrated multimedia e-commerce and payments.

DRiP raised $3M in a Seed funding round from Placeholder*, 6th Man Ventures (6MV), Anagram, Collab+Currency, BOOGLE, B+J Capital, Big Brain Holdings, Interlace Ventures, Solana Ventures, Balaji Srinivasan, Raj Gokal.

DRiP is a digital gift NFT project built on the Solana blockchain. It focuses on creating a Web3 content distribution platform that empowers creators and offers free digital gifts from prominent content creators.

Other investment rounds

ProsperEx raised undisclosed amount in a Strategic  funding round from Emurgo Ventures*.

ProsperEx ia a universal decentralized exchange, blending the security of DeFi with real-world assets (RWA) and AI, designed to empower leveraged trading across all assets with unparalleled security and user experience.

GPU.Net raised $500K in a  funding round from Momentum 6 (M6), AlphablockZ.

GPU.Net is a decentralized graphics processing unit (GPU) on-demand infrastructure that powers the next generation of generative AI, Web3 metaverses, high-end graphics rendering, and cryptocurrency mining. It aims to evolve into a Generative Processing Unit, initially supporting versatile GPU tasks like 3D, AI, and research. Ultimately, it will transform into a fully decentralized General Purpose Unit Network, facilitating exchange between GPU Providers and Consumers.

IronMill raised $2.6M in a  funding round from gumi Cryptos Capital*, Superscrypt, LongHash Ventures, SevenX Ventures, Blockchain Builders Fund, Kestrel 0x1.

IronMill is a software company specializing in zero knowledge proof technology to verify data accuracy while protecting privacy. Their flagship product, Oxide, enables developers to integrate zero knowledge circuits into apps, ensuring trustworthy and secure applications. IronMill aims to create a Verifiable Internet, enhancing trust and accuracy in various fields, from voting systems to marketplaces for goods.

Buidler DAO raised $2M in a  funding round from Sequoia Capital*, SevenX Ventures*, Bing Ventures, DRK Lab, M77 Ventures, Gate.io Labs, Mirror World, Conflux Network, PAKA, Vitalbridge Capital, Inverse Ventures.

Buidler DAO is a Web3 talent and project network that focuses on fostering the SocialDAO governance paradigm and DAOTools solutions. It serves as a community for crypto enthusiasts, including engineers, researchers, and operators, to collaborate on producing high-quality content and developing decentralized applications (Dapps).

FirstMate raised $3.8M in a  funding round from Dragonfly Capital*, Coinbase Ventures, NextView.

FirstMate is a startup empowering NFT creators with their own digital storefronts. It has launched a beta marketplace website builder in collaboration with Manifold, focusing on helping NFT creators establish stronger connections with their collectors. FirstMate offers creators an aggregator to consolidate orders from various NFT marketplaces like Opensea, LooksRare, x2y2, and Foundation, while utilizing decentralized protocols to ensure transparency and freedom for community trades.

* fund, that lead investment round