Crypto Fundraising weekly
Dates: 28 Nov – 04 Dec 2022

This week's biggest funding round

Keyrock raised $72M in a Series B funding round from Ripple.

Keyrock is a digital asset market maker that offers a buy-and-sell price for an asset to platforms such as exchanges. The firm also provides its market-making proposition as a service to clients for a set monthly fee. This means providing liquidity to markets that are yet to reach trading volumes sufficient to drive revenue for the market maker.

Pre-seed and Seed investment rounds

Cyvers raised $8M in a Seed funding round from Elron Ventures.

Cyvers is an Israel-based cybersecurity startup that offers plug-and-play security solutions to a range of web3 companies through leveraging domain expertise and geometric machine learning technology to enable real-time detection of security issues.

Catapult raised $5M in a Seed funding round from Blockchain Capital, Eden Block, Orange DAO, Stani Kulechov.

Catapult is a London-based startup aims to provide infrastructure that will enable better coordination in decentralized organizations by providing more context about their members in a pseudonymous manner.

Daylight raised $3M in a Seed funding round from Framework Ventures, Chapter One, OpenSea, 6th Man Ventures (6MV), Seed Club Ventures, Eniac Ventures, Itamar Lesuisse.

Daylight is a software solution for aggregating web3 perks.

Wildxyz raised $7M in a Seed funding round from Matrix Partners*, Gwyneth Paltrow, Reid Hoffman, Cozomo de’ Medici, Kevin Lin.

Wild is a Web3 art platform that supports artists building with blockchain by offering a virtual residency program where artists are paired with advisers to create NFT art collections. The platform also offers a marketplace for collecting original creations and immersive experiences. Wild Oasis is an NFT membership pass that grants holders early access to artist drops and auctions at fixed floor prices.

Swords of Blood raised $1.6M in a Seed funding round from Fundamental Labs, Gate.io Labs, Master Ventures, VispX, Kangaroo Capital, Krypital Group, York St Capital, Shugo Ventures, Magnus Capital, Metavest Capital, ABGA, Flame, AcknoLedger, SphereOne, ChainPlay, Enjinstarter, Game starter, NFTb, Babylons.

Swords of Blood is a cross-play mobile and PC game that offers a fast-paced F2P hack-and-slash RPG with various game modes, featuring blockchain technology and Play-To-Earn mechanics. Players can earn rewards by participating in tournaments, playing a lot, and minting Legendary Items and selling them as NFTs. However, in order to access late-game content and level up items using Gold and Gems, players must purchase $SWDTKN tokens.

Liqwid Finance raised $2.7M in a Seed funding round from cFund, Double Peak Group, Animoca Brands, Shima Capital, Genblock Capital, Altonomy.

Liqwid is an open source, algorithmic and non-custodial interest rate protocol built for lenders, borrowers and developers. Users can securely earn interest on deposits and borrow assets with ease while earning yield on ADA from four yield streams.

Wanderers raised $2M in a Seed funding round from Animoca Brands, GameFi Ventures.

Wanderers is the dynamic sci-fi media brand behind the Wanderers NFT collection that provides a holders with NFTs, games, music, lore, and social media.

Other investment rounds

Ambit Finance raised $4.5M in a Strategic  funding round from Binance Labs Fund.

Ambit Finance is a sustainable, comprehensive, and easy-to-use suite of fintech apps (“superapp”) that will incorporate lending, borrowing, and yield optimization strategies to further the utility of BUSD and DApps in the broader BNB Chain ecosystem, and a launching pad for a “decentralized Binance” that will combine the useability of Binance.com with the latest innovations in DeFi.

Fleek raised $25M in a Series A  funding round from Polychain Capital, Coinbase Ventures, Digital Currency Group (DCG), Protocol Labs, Arweave, North Island Ventures, Distributed Global, THE LAO, Argonautic.

Fleek is Web3 developer platform aiming to build an interface and protocol layer “to make the base layer of web3 services” like storage, hosting and billing, accessible to anyone.

Lyra Finance raised $3M in a Strategic  funding round from Framework Ventures, GSR.

Lyra is an automated market maker for trading options on Ethereum.

Foragers and Fighters raised $15M in a Series A  funding round from Andreessen Horowitz (a16z crypto), Ancient 8, Animoca Brands, gumi Cryptos Capital, Makers Fund, Merit Circle, Transcend Fund.

Foragers and Fighters is a survival/crafting massively multiplayer online (MMO) game described as Minecraft meets Genshin Impact – will feature character collection and asset crafting aspects but will initially lack Web3 elements by design. Developed by Roboto Games.

Orbiter Finance raised undisclosed amount in a  funding round from Tiger Global, Matrixport Ventures, Ant Capital (a&t), Starkware, Mirana Ventures, Lemniscap, Dialectic, Redpoint, Amber Group, ImToken Ventures, Mask Network, Zonff Partners, GGV Capital, Formless Capital, DWeb3 Capital.

Orbiter Finance is a decentralized cross-rollup bridge that transfers the Ethereum-native assets between L1 and L2s instantly. Orbiter builds infrastructure for L2 developers by designing a cross-domain security model with SPV technique and provides decentralized liquidity service by organizing Market Maker DAO.

Pearpop raised $18M in a Series A  funding round from Sound Ventures, Seven Seven Six Ventures, Blockchange Ventures, C² Ventures, Blizzard, Ashton Kutcher.

Pearpop is an American social media collaboration platform headquartered in Los Angeles.

FrankieOne raised $15.4M in a Series A  funding round from Greycroft, Binance Labs Fund, Kraken Ventures.

FrankieOne is a regulatory tech firm (hence, 'regtech') that helps fintechs and banks manage KYC, AML and fraud from a single platform.

Kiln raised $17.6M in a Series A  funding round from ConsenSys, Kraken Ventures, GSR, LeadBlock Partners, Alven, Third Kind Venture Capital (3kvc), SV Angel, BlueYard Capital.

Kiln is a staking platform that enables users to participate in Ethereum’s security and earn rewards while doing so. Platform provides staking services to clients directly or via an API that enables custodians, exchanges and wallets to offer staking services to its customers.

Ejara raised $8M in a Series A  funding round from Anthemis, Dragonfly Capital, CoinShares Ventures, Circle Ventures, HashKey Group.

Ejara is a Cameroonian fintech offering an investment app that allows users to buy crypto and save through decentralized wallets. In addition to connecting their mobile money accounts and accessing crypto, users could also make cross-border transactions via stablecoins.

* fund, that lead investment round