Crypto Fundraising weekly
Dates: 30 Aug – 05 Sep 2021

This week's biggest funding round

Offchain Labs (Arbitrum) raised $100M in a Series B funding round from Lightspeed*, Polychain Capital, Ribbit Capital, Redpoint, Pantera Capital, Alameda Research, Mark Cuban.

Arbitrum is a layer-2 solution project aimed at improving the speed and scalability of Ethereum smart contracts while providing additional privacy features. It allows developers to execute unmodified Ethereum Virtual Machine (EVM) contracts and transactions at layer-2 while maintaining Ethereum's layer-1 security. It was created to address some of the shortcomings of current Ethereum-based smart contracts, such as long transactions and high execution costs.

Pre-seed and Seed investment rounds

Parcel raised $2.5M in a Seed funding round from Dragonfly Capital, Scalar Capital, A Capital, Compound, ConsenSys, 6th Man Ventures (6MV).

A suite of tools to scale DAO financial operations and empower DAO contributors.

UXD Protocol raised $3M in a Seed funding round from Multicoin Capital, Alameda Research, DeFiance Capital, Coin Merge Strategy (CMS), Solana Foundation, Mercurial Finance.

UXD is an algorithmic stablecoin, backed 100% by delta neutral position. UXP is a governance token of the protocol.

Hyype raised $1.5M in a Seed funding round from Electric Capital.

A new social network for NFT collectors.

UniWhales raised $2.2M in a Seed funding round from Signum Capital, HyperChain Capital, Faculty Capital, Impossible Finance, Double Peak Group.

UniWhales is an analytics platform that has a Webapp dashboard with real-time monitoring of tokens, whale addresses, and their DeFi movements. It also addresses filtering by analyzing whale data filtered by date, transaction size, token, or DEX.

Waterfall DeFi raised $2M in a Seed funding round from Genesis Block Ventures Capital (GBV), Divergence, Ascensive Assets, AscendEX, Morningstar Ventures, ROK Capital, x21 Digital, Genblock Capital.

Waterfall DeFi is a DeFi yield aggregator that tranches risk and yield.

Hats.Finance raised $3.5M in a Seed funding round from GreenField One, Lemniscap, IOSG Ventures, Accomplice Blockchain, Collider Ventures.

Hats. finance is a proactive bounty protocol for white hat hackers and auditors, where projects, community members, and stakeholders incentivize protocol security and responsible disclosure. Hats create scalable vaults using the project's own token.

Other investment rounds

Trader Joe raised $5M in a  funding round from Three Arrows Capital, DeFiance Capital, Genesis Block Ventures Capital (GBV), Mechanism Capital, Arche Fund (Coin98 Ventures), Avalanche, Delphi Digital.

One-stop Decentralized Trading on Avalanche.

Fingerprints DAO raised undisclosed amount in a  funding round from Andreessen Horowitz (a16z crypto), Union Square Ventures (USV), Variant Fund, Divergence, Consensys Mesh, THE LAO.

Fingerprints is building the greatest collection of blockchain art and expanding the art market in web3.

XMTP raised $20M in a Series A  funding round from Andreessen Horowitz (a16z crypto), Atelier, Distributed Global, Coinbase Ventures, IDEO CoLab Ventures, Nascent, Redpoint, Scalar Capital, Sound Ventures, Form Capital, Not Boring Capital, Offline Ventures, Warburg Serres, Alchemy Ventures, Starkware, Anthony Pompliano, Balaji Srinivasan.

XMTP is an open, crypto-native communication protocol that connects communities, applications, and users.

Syndicate raised $20M in a Series A  funding round from Andreessen Horowitz (a16z crypto), IDEO CoLab Ventures, Variant Fund, Electric Capital, CoinFund, Scalar Capital, Coinbase Ventures, Ashton Kutcher, Sound Ventures, Atelier, Thirty Five Ventures (35V), Protocol Labs, True Ventures, Archetype.

Syndicate is a decentralized investing protocol and social network that enables investors and communities to create Web3-native investing DAOs.

Parallel Finance raised $22M in a Series A  funding round from Polychain Capital*, Lightspeed, Slow Ventures, Blockchain Capital, Alameda Research, CMT Digital, Blockchange Ventures.

Parallel Finance is a decentralized money market protocol that offers lending, staking, and borrowing in the Polkadot ecosystem.

* fund, that lead investment round