Crypto Fundraising weekly
Dates: 28 Feb – 06 Mar 2022

This week's biggest funding round

Lido Finance raised $70M in a funding round from Andreessen Horowitz (a16z crypto)*.

Lido is a "liquid" Eth2 staking protocol, meaning it allows users to unlock staked ETH and use it in various DeFi applications to earn yield.

Pre-seed and Seed investment rounds

metaENGINE raised $4M in a Seed funding round from Lemniscap, Jump Crypto, Polygon Studios, Insignius Capital, CoinDCX, Efficient Frontier.

Blockchain-based platform where developers can choose the blockchain features to fit their games.

Dialect raised $4.1M in a Seed funding round from Multicoin Capital, Jump Crypto.

Dialect is a smart messaging protocol for dapp notifications and wallet-to-wallet chat.

Polymer Labs raised $3.6M in a Seed funding round from Distributed Global*, North Island Ventures*, Digital Currency Group (DCG), Coinbase Ventures, THE LAO, Wintermute, Ignite, Advanced Blockchain AG, Taureon, LongHash Ventures, Signum Capital, UOB Venture Management, Sam Kazemian.

IBC based multi-cluster routing/roll-up protocol.

Thetanuts Finance raised $18M in a Seed funding round from Jump Crypto*, Deribit*, QCP Capital*, Three Arrows Capital*, Golden Tree, Mirana Ventures, MEXC, Genesis, Borderless Capital, HyperChain Capital, Crypto.com Capital, Raptor Capital, Wintermute, GSR Markets LTD, LedgerPrime, DeFi Capital, Algorand Foundation, Avocado Guild, Woo, Global Founders Capital (GFC), Tribe Capital, Paradigm.

Thetanuts Finance is a multi-chain structured products protocol that offers a range of DeFi crypto products catering to various customers such as option traders, decentralized autonomous organizations (DAOs), market makers, and liquidity providers. It allows users to earn yield on cryptocurrencies, provide liquidity, and execute short and long options strategies while managing risks in a conservative approach. Thetanuts Finance will launch a buy-side altcoin options market soon.

Other investment rounds

Diagonal raised $2.5M in a  funding round from Mechanism Capital, MetaCartel Ventures, THE LAO, Coinbase Ventures.

Non-custodial protocol for automating and managing ongoing subscriptions on Ethereum.

Rarify raised $10M in a Series A  funding round from Pantera Capital, Eniac Ventures, Slow Ventures, Greycroft.

Platform to create, manage and verify digital assets.

Praxis raised $15M in a Series A  funding round from Paradigm, Apollo Capital, Alameda Research, Three Arrows Capital, Robot Ventures.

Metaverse startup that is building a new city.

Nested raised $7.5M in a Series A  funding round from Alan Howard, Republic Capital (ex Republic Labs), Kenetic, CMT Digital.

Cryptocurrency exchange that provides its customers with crypto trading services through an account on another exchange.

VALR raised $50M in a Series B  funding round from Pantera Capital, Alameda Research, Coinbase Ventures, Avon Ventures.

A cryptocurrency exchange based in South Africa.

Subspace Network raised $32.9M in a Strategic  funding round from Pantera Capital*, Coinbase Ventures, Crypto.com Capital, Alameda Research, KR1 plc, Hypersphere, NGC Ventures (NEO Global Capital), Gate Ventures, Consensys Mesh, Stratos Technologies, Alumni Ventures (AVG), GSR Markets LTD, Eniac Ventures, Bixin Ventures, Vendetta Capital, Illusionist Group, Candaq Fintech Group.

Subspace is an eco-friendly, scalable layer-one blockchain that is able to serve as an infrastructure layer for the entire Web3 ecosystem. From NFT based gaming and metaverses to cross-chain applications, Subspace brings smart storage at Internet scale.

TRM Labs raised undisclosed amount in a Strategic  funding round from J.P. Morgan Asset Management*.

TRM Labs is a blockchain intelligence company that helps financial institutions, crypto businesses and government agencies detect and investigate crypto-related financial crime and fraud.

* fund, that lead investment round