Crypto Fundraising weekly
Dates: 27 Feb – 05 Mar 2023

This week's biggest funding round

REALLY raised $18M in a Seed funding round from Polychain Capital*.

REALLY is an innovative platform that aims to create a blockchain-powered mobile network owned and operated by its users, with a focus on privacy, accessibility, and true anonymity. REALLY's infrastructure and service build-out is led by industry experts from major companies like AT&T, T-Mobile, and GoogleFi. Through their decentralized mobile network, REALLY DeWi, and compare, switch, and save platform, REALLY.com, they are paving the way for a new era of community-driven mobile ecosystems.

Pre-seed and Seed investment rounds

insrt finance raised $2.2M in a Pre-seed funding round from Hashkey Capital*, Infinite Capital*, Sky9 Capital, WWVentures.

insrt finance is a protocol for accessing returns from non-fungible digital assets. Using the protocol, users can deploy their assets to a variety of set-and-forget strategies (Vaults) that provide users with returns. Strategies are managed programmatically with built-in risk management mechanisms.

Impossible Cloud raised $7M in a Seed funding round from HV Capital*, 1kx*, Protocol Labs, Very Early Ventures, TS Ventures.

Impossible Cloud is a decentralized cloud platform offers a next-generation, resilient object storage optimized for fast data backup and retrieval.

Helika raised $4M in a Seed funding round from Diagram Ventures*, Fenbushi Capital, Sfermion, Big Brain Holdings, Builder Capital, Sparkle Ventures.

Helika is a web3 platform that offers real-time analytics and user onboarding services to gaming studios and NFT collections. It helps top Web3 brands understand their communities, increase user acquisition and engagement, and drive growth with data-driven insights.

Redeem raised $2.5M in a Pre-seed funding round from Kenetic*, CMT Digital, Flyover Capital, VC3 DAO.

Redeem is a blockchain agnostic connectivity layer that allows individuals to participate in web3 using just their phone numbers. It enables users to link any crypto wallet on any network to a phone number and redeem utility NFTs such as tickets, loyalty points or in-game items by scanning a QR code. The platform also allows users to send and receive NFTs through familiar services like WhatsApp or iMessage without adding a crypto interface or gas fees.

RACA (ex Radio Caca) raised $14M in a Seed funding round from OKX Ventures (ex OKEx Blockdream Ventures), Tachyon.

RACA is a metaverse platform for game studios, governed by a community-driven decentralized autonomous organization (DAO). RACA’s products include Metamon, a play-to-earn blockchain-based game on BNB Chain where players get to control and collect super adorable Metamon; United States of Mars (USM) Metaverse, comprised parcels for free purchase and ownership, rich in characteristics to be explored; social party game Looki Looki Jazzi, cross-game DID wallet JAZ; and RACA NFT Marketplace, where users can purchase or sell USM Metaverse land, Metamon and other RACA branded NFT assets.

ether.fi raised $5.3M in a Seed funding round from North Island Ventures*, Chapter One*, Node Capital*, Arrington Capital, Maelstrom, Version One Ventures, Purpose Investments, Arthur Hayes.

Ether.Fi is a decentralized and non-custodial liquid staking platform that allows users to maintain control of their keys while delegating staking to node operators and earning rewards. Ethereum stakers that use Ether.Fi are also granted an NFT representation of every validator generated. Those NFTs allow for the storage of metadata, which developers will use to build out further staking infrastructure.

Term Finance raised $2.5M in a Seed funding round from Electric Capital*, Circle Ventures, MEXC, Coinbase Ventures, Robot Ventures, Open Web Collective OWC.

Term Finance is a decentralized lending protocol that utilizes a unique auction model to support scalable fixed-rate/fixed-term lending, a first in DeFi. It brings borrowers and lenders together in a fair and transparent auction process to determine a single market clearing rate that all participants will pay or receive, whether large or small.

REALLY raised $18M in a Seed funding round from Polychain Capital*.

REALLY is an innovative platform that aims to create a blockchain-powered mobile network owned and operated by its users, with a focus on privacy, accessibility, and true anonymity. REALLY's infrastructure and service build-out is led by industry experts from major companies like AT&T, T-Mobile, and GoogleFi. Through their decentralized mobile network, REALLY DeWi, and compare, switch, and save platform, REALLY.com, they are paving the way for a new era of community-driven mobile ecosystems.

Wakweli raised $1.1M in a Seed funding round from Summit Group*, FunFair Ventures.

Wakweli is an infrastructure protocol that uses a decentralized consensus algorithm called Proof of Democracy (PoD) to issue certificates of authenticity for NFTs and tokenized assets. Its purpose is to bring trust to the Web3 community, allowing users to buy genuine NFTs, giving creators the ability to secure their property, and helping NFT marketplaces get rid of scams by displaying the Wakweli tick mark, which guarantees authenticity. To use Wakweli, one needs to hold WAKUs, the unit of trust of the protocol, and every action will require staking WAKUs.

Other investment rounds

RepubliK raised $3.5M in a  funding round from Mirana Ventures, FBG Capital, Binance, 6th Man Ventures (6MV), Sora Ventures, Razer, Enjin, Tron Foundation, Arcane Group, Define Ventures, Fellaz, Doors, Upclub, Supra Oracles, Bolt Global.

RepubliK is a Web3 content creation platform with the aim of decentralizing value creation and distribution, allowing content creators to create and monetize their content effectively while connecting with their audiences. It offers a suite of tools to content creators to help them unlock untapped opportunities and grow their brands across various social platforms with total independence. Overall, RepubliK provides a one-stop-shop for creators to create, connect, and earn higher returns.

Greeks.live raised undisclosed amount in a Series A  funding round from NGC Ventures, Deribit, Bit.com.

Greeks.live is a professional crypto options trading app that offers customized trading tools such as "Delta Hedge with One Click," "Automatic Dynamic Hedging," and "Chase and One Click Chase" functions. It was designed by a group of senior crypto options traders to better manage their own portfolios and is now accessible to all crypto options traders.

Few and Far raised $10.5M in a  funding round from Pantera Capital*, Cypher Capital, Huobi Ventures, Hypersphere, MetaWeb Ventures, Mantis VC (The Chainsmokers), K5 Global.

Few and Far is to a community-first NFT marketplace on NEAR protocol that rewards users for participating in trading NFTs. It is the first-ever NFT + DeFi marketplace on NEAR Protocol, which aims to bring together the best experiences from both NFT Marketplaces and DeFi.

Metrika raised $4M in a Series A  funding round from M12*, Nyca Partners*.

Metrika is a leading blockchain operational intelligence and risk management platform. It provides monitoring, analytics, and actionable intelligence for blockchain networks to improve their performance, reliability, and security. Metrika offers deep insights into blockchain projects and their user communities such as Ethereum, Solana, Algorand, Hedera, Dapper Labs providing a comprehensive view for all participants in the blockchain ecosystem.

Conflux raised $10M in a Strategic  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.

Mangrove raised $7.4M in a Series A  funding round from Cumberland (DRW)*, Greenfield Capital*, CMT Digital, gumi Cryptos Capital.

Mangrove is an order book-based DEX with its "offer-is-code” approach to liquidity provisioning that allows liquidity providers to post arbitrary smart contracts as offers. It lists promises instead of locked commitments. Liquidity can be shared, borrowed, lent and, at the same time, be displayed in the Mangrove's order book, ready to be sourced when, and only when, an offer is hit.

DigiFT raised $10.5M in a Series A  funding round from Shanda Group*, Hashkey Capital, Hash Global, North Beta Capital.

DigiFTis a Security Token DEX enrolled in the Monetary Authority of Singapore ("MAS") FinTech Regulatory Sandbox. It aims to provide regulated decentralized finance solutions on the Ethereum public blockchain offering an Automatic Market Making (AMM) mechanism that facilitates secondary trading liquidity for security tokens backed by financal assets.

Gosleep raised $2M in a  funding round from Foresight Ventures*, Amber Group, SevenX Ventures, KuCoin Ventures, Gate.io Labs.

Gosleep is a HealthFi-focused Web3 lifestyle app. It's a token-rewarded and social gaming-driven system to encourage users to build up healthier sleep behaviour and participation. The Reward of game tokens is based on the rarity and attributes oof NFTs owned by players and their sleep score.

Finoa raised undisclosed amount in a Strategic  funding round from Middlegame Ventures*, Balderton Capital, Coparion, Venture Stars, Signature Ventures.

Finoa is a regulated custodian for crypto assets, servicing professional investors with custody and staking. Finoa holds a preliminary crypto-asset custody license (§64y Para. 1 KWG) and is supervised by the German Federal Financial Supervisory Authority (BaFin).

Hashnote raised $5M in a  funding round from Cumberland Labs*.

Hashnote is a decentralized asset management platform providing institutional transparent regulated simplified DeFi.

AVALON raised $13M in a  funding round from BITKRAFT Ventures*, Hashed*, Delphi Digital*, Mechanism Capital*, Coinbase Ventures, Yield Guild Games (YGG), Merit Circle, Avocado Guild, Morningstar Ventures.

Avalon is an interoperable digital universe tied together through technologies such as game engines and blockchain technology empowers gamers, creators, anyone to build worlds.

Portal Labs raised $5.3M in a  funding round from Slow Ventures, HAUN Ventures, Acrew Capital, Chapter One.

Portal is a Web3 wallet infrastructure startup, offering a mobile SDK and dApp Browser for generating multi-party computation (MPC) wallets and exploring the Web3 ecosystem. Its developer kit allows easy connection to protocols and dApps from mobile or desktop browsers, and the embedded wallet uses MPC cryptography to remove the need for complicated seed phrases while maintaining security. Overall, Portal enables projects to become Web3-enabled apps with simplified wallet management and enhanced security features.

* fund, that lead investment round