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Crypto Fundraising weekly
Dates: 27 Jun – 03 Jul 2022

Summary

During this week 14 blockchain startups has raised $124.8M in funding:

  • Series B round: 1 startup $53M
  • Seed round: 10 startups $49.3M
  • Unknown round: 2 startups $18.5M
  • Strategic round:   (1 startup) $4M
0
$17.7M
$35.3M
$53M

Investments by ecosystem

This week's biggest funding round

Kaiko raised $53M in a Series B funding round from Eight Roads Ventures*, Alven, Anthemis, Underscore VC, Point Nine Capital, Revaia.

Kaiko is a leading cryptocurrency market data provider that offers live and historical institutional-quality market data for digital assets. Its services provide accurate, transparent, and actionable financial data to be leveraged for a range of market activities, empowering institutional investors and enterprises. Kaiko's mission is to serve as a single source for market information, with two HTTP APIs for reference data and market data, and a real-time stream SDK for low latency data.

Pre-seed and Seed investment rounds

Magic Square raised $3M in a Seed funding round from Binance Labs Fund*, Republic Capital (ex Republic Labs)*, KuCoin Labs, GSR Markets LTD, IQ Protocol, Gravity Ventures, Alpha Grep.

Magic Square is a Web3 app store that provides a streamlined and secure environment for users to discover and access a wide range of decentralized applications, including dApps, CeDeFi, NFTs, and games. With its integrated DAO mechanism and user-centric features like Magic Spaces and Magic Boost, Magic Square aims to foster community-driven app discovery, ensure quality control, and offer a seamless experience for both developers and users in the Web3 ecosystem.

AltLayer raised $7.2M in a Seed funding round from Polychain Capital*, Jump Crypto*, Breyer Capital*, Gavin Wood, Balaji Srinivasan, Kain Warwick.

AltLayer is an open and decentralized protocol for developers to launch application-tailored rollups. The protocol offers a no-code Rollups-as-a-Service dashboard built atop its core network, Beacon Layer, that allows customized rollups with fraud/zk proofs at speed.

MoHash raised $6M in a Seed funding round from Sequoia Capital*, Quona Capital*, Jump Crypto, Hashed, Coinbase Ventures, LedgerPrime, CoinSwitch, MH Ventures.

MoHash is a DeFi protocol which provides investors access to sustainable scalable stable high yields backed by real world debt assets.

WeatherXM raised $5M in a Seed funding round from Placeholder, Metaplanet, Consensys Mesh, Protocol Labs.

WeatherXM is a community powered weather network, that rewards weather station owners and provides accurate weather services to Web3 enterprises.

Linera raised $6M in a Seed funding round from Andreessen Horowitz (a16z crypto)*, Cygni Capital, Tribe Capital, Kima Ventures.

Linera is a layer 1 blockchain project with the mission to create the first low-latency blockchain that will scale as easily as a web2 application.

Fitmint raised $1.6M in a Seed funding round from General Catalyst, iSeed Ventures, DWeb3 Capital, 1947 Rise.

Fitmint is a move-to-earn app where users can earn rewards in the form of crypto or NFTs just by walking, running, or working out.

Stella Fantasy raised $5M in a Seed funding round from Animoca Brands*, Planetarium*, DeFiance Capital, Play Ventures, Double Peak Group, DWeb3 Capital, GuildFi, Avocado Guild, PathDAO.

Stella Fantasy is an anime-style fantasy action role-playing game developed by Ring Games from South Korea, and it is a Character Collectible NFT game. The game involves exploring the world of Stella Fantasy, battling against various foes, and growing together with anime-style characters. Players can earn digital assets such as characters, equipment, and other goods throughout the game, which will be held in players' wallets as tokens and NFTs, with their value increasing as they flow through the game's ecosystem and communication system.

Peaq raised $6M in a Seed funding round from Fundamental Labs, Hashkey Capital, GSR Markets LTD, Delta-v Capital, Mulana Capital, Cypher Capital, GravityX Capital, Waterdrip Capital, Ceras Ventures, Master Ventures, Moonrock Capital.

Peaq is the decentralized Web3 network powering the Economy of Things.

Dynamic raised $7.5M in a Seed funding round from Andreessen Horowitz (a16z crypto), Castle Island Ventures, Solana Ventures, Circle Ventures, Breyer Capital, Hypersphere, Chapter One.

Dynamic is a multi-chain wallet-based authentication and authorization platform.

Cyan raised $2M in a Seed funding round from gumi Cryptos Capital, Animoca Brands, OpenSea, Fabric Ventures, Bastion Trading, Yield Guild Games (YGG), The Sandbox.

Cyan is a buy now pay later service for the Metaverse.

Other investment rounds

StarkNet raised $9.5M in a  funding round from Alameda Research*.

StarkNet is a permissionless decentralized Validity-Rollup (also known as a “ZK-Rollup”). It operates as an L2 network over Ethereum, enabling any dApp to achieve unlimited scale for its computation – without compromising Ethereum’s composability and security, thanks to StarkNet’s reliance on the safest and most scalable cryptographic proof system – STARK.

KYVE raised $9M in a  funding round from Distributed Global*, Wicklow Capital, IOSG Ventures, Blockchain Coinvestors, Anagram, Cerulean Ventures, MEXC, Double Top, Huobi Ventures.

KYVE is a decentralized archiving and caching solution that allows modern blockchains and decentralized applications (dApps) to store and serve data reliably. The network uses Arweave to ensure scalability, immutability, and availability of data streams over time. KYVE also features an autonomous governance system that enables staking and slashing $KYVE tokens for network participants, who can run customizable nodes and receive rewards for meeting objectives.

Azuro raised $4M in a Strategic  funding round from Hypersphere, Gnosis DAO, Merit Circle, SevenX Ventures, Quiet Capital, Formless Capital, Arrington Capital, Delphi Digital, Alliance DAO (ex DeFi Alliance), Ethereal Ventures, PathDAO, Mask Network, Red Beard Ventures, NxGen.

Azuro is a decentralized autonomous organization that focuses on democratizing and innovating in the betting industry. It uses smart-contracts to build a decentralized betting protocol, which replaces traditional bookmakers with a blockchain-based ecosystem of independent front-end operators, data providers, and liquidity providers.

* fund, that lead investment round

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