Crypto Fundraising weekly
Dates: 27 Sep – 03 Oct 2021

Summary

During this week 20 blockchain startups has raised $119.2M in funding:

Seed round: 12 startups $64M
Series A round: 5 startups $47.5M
Unknown round: (1 startup) $5M
Pre-seed round: (2 startups) $2.7M

$21.3M

$42.7M

$64M

Investments by ecosystem

This week's biggest funding round

Forta raised $23M in a Seed funding round from Andreessen Horowitz (a16z crypto)*, Coinbase Ventures, True Ventures, Blockchain Capital, Placeholder, BlueYard Capital, SCB 10X, Digital Currency Group (DCG).

Forta is a real-time detection network for security & operational monitoring of blockchain activity, incubated by OpenZeppelin.

Pre-seed and Seed investment rounds

Big Whale Labs raised $655K in a Pre-seed funding round from Slow Ventures*, Samsung Next, Intonation Ventures, NFT Investments PLC.

Big Whale Labs is a Web3 startup dedicated to enhancing online human-to-human connections while prioritizing security and privacy. They've developed SealCred, a decentralized credentialing protocol that enables identity verification without exposing personal information, utilizing zero-knowledge cryptography and distributed computing and Ketl, a pseudonymous social network with ZK badges.

Saga raised $2M in a Pre-seed funding round from Ignite*.

Saga is a Web3 infrastructure protocol that simplifies blockchain creation and management, offering developers customizable and dedicated blockchains. With a single-tenant virtual machine architecture, Saga provides a user-friendly platform for deploying and managing blockchains, making it accessible to a wide range of developers. The protocol's features include high performance, low and predictable gas fees, automated processes, easy interoperability, a flexible stack, and elastic scalability.

Forta is a real-time detection network for security & operational monitoring of blockchain activity, incubated by OpenZeppelin.

Kokoa Finance raised $2.3M in a Seed funding round from Hashed, SkyVision Capital, A41.

Kokoa Finance is the entrypoint to Klaytn DeFi, offering a combined stablecoin and yield generation protocol to power the next wave of DeFi adoption.

Layer3 raised $2.5M in a Seed funding round from ParaFi Capital, Electric Capital, Lattice Fund, 6th Man Ventures (6MV), Mirana Ventures, Red Beard Ventures.

Layer3 is a platform that enables anyone to discover web3. The project curates Quests that show users how to use and further explore Decentralized Finance (DeFi), Web3 Gaming, Web3 Social, Layer2 Scaling Solutions, and everything in between.

Coinshift raised $2.5M in a Seed funding round from Sequoia Capital, Ethereal Ventures, LongHash Ventures, FinTech Collective, Consensys Mesh, Alliance DAO (ex DeFi Alliance), Volt Capital, Gnosis DAO, Protocol Labs, Block Rock (BR) capital.

Coinshift is a crypto treasury management platform that helps businesses and decentralized autonomous organizations.

DoinGud raised $5M in a Seed funding round from IOSG Ventures, Alameda Research, Kenetic, Genblock Capital, Ellipti, Divergence, Genesis Block Ventures Capital (GBV), LD Capital, Digital Finance Group (DFG), FBG Capital, MetaCartel Ventures, The DuckDao, D64 Ventures, Supernova Fund, Sandeep Nailwal.

DoinGud is a social NFT marketplace that brings together creators, curators, collectors and social impact organizations to support the giving economy.

Nahmii raised $8M in a Seed funding round from DARMA Capital, Aligned Capital, CMT Digital, Delta Blockchain Fund, Fourth Revolution Capital (4RC).

Nahmii is a revolutionary Layer-2 scaling protocol for the Ethereum blockchain, which provides unrivalled throughput, low latency and predictable fees.

Eternal raised $4.5M in a Seed funding round from Animoca Brands, A Capital, NFX, Coinbase Ventures, Dapper Labs, Arrington Capital, Scalar Capital, Village Global, Mark Cuban, Gary Vaynerchuk, Robert Leshner, Kevin Lin.

Eternal is an NFT marketplace for trading Twitch streamer clips.

Angle raised $5M in a Seed funding round from Andreessen Horowitz (a16z crypto)*, Fabric Ventures, Wintermute, Divergence, Global Founders Capital (GFC), Alven.

Angle is the first decentralized, capital-efficient and over-collateralized stablecoin protocol.

Solcial raised $2.9M in a Seed funding round from Alameda Research*, Solana Foundation, Rarestone Capital, Genesis Block Ventures Capital (GBV), Shift Capital, NOIA Capital.

Solcial is a decentralised social network on the Solana blockchain.

Swash raised $4M in a Seed funding round from Outlier Ventures*, KuCoin Labs*, Streamr*.

Swash is an all-inclusive data ecosystem that puts people first by redistributing the value of data back to those who create it.

Clearpool raised $3M in a Seed funding round from Arrington Capital, Genesis Block Ventures Capital (GBV), Hashkey Capital, Hex Trust, Sequoia Capital, SINO Global Capital, Wintermute, AscendEX, FBG Capital, HTX Ventures (ex Huobi Ventures), Kenetic.

Clearpool is a decentralized capital markets ecosystem, where institutional borrowers can create individualized single borrower liquidity pools.

DressX raised $1.3M in a Seed funding round from U.Ventures*.

DressX is a fashion startup that offers digital-only collections from brands and 3D designers to wear in their photos and videos on digital platforms. They have delved into web3 by establishing their own NFT marketplace and partnering with Crypto.com. The NFTs sold on their marketplace can be worn digitally in augmented reality via the DressX app or used as skins in metaverse games.

Other investment rounds

Fetch.ai raised $5M in a funding round from GDA Capital*.

Fetch.ai is an artificial intelligence-focused crypto protocol aims to provide the tools for developers to deploy and monetize applications by providing an autonomous machine-to-machine ecosystem.

Gelato Network raised $11M in a Series A funding round from Dragonfly Capital, ParaFi Capital, Nascent, IDEO CoLab Ventures, Stani Kulechov.

Gelato is a decentralized backend for Web3, enabling developers to craft automated and efficient smart contracts across various EVM-compatible blockchains. With services like Web3 Functions, Automate, Relay, and Gasless Wallet, Gelato streamlines transaction execution and offers a seamless user experience, trusted by numerous leading web3 projects, from DeFi platforms like MakerDAO and PancakeSwap to scaling solutions like Optimism.