Crypto Fundraising weekly
Dates: 30 Jul – 05 Aug 2023

This week's biggest funding round

Mahjong Meta raised $12M in a funding round from Dragonfly Capital*, Folius Ventures*, Meteorite Labs, Find Satoshi Lab, Parallel Ventures, Emoote.

Mahjong Meta is a Web3 gaming platform on Ethereum, offering a rewarding and innovative gameplay experience for Mahjong enthusiasts. It aims to build a vibrant community where players can compete, interact, and learn about the rich cultures of Mahjong, while also providing a streaming entertainment field with live matches, expert commentary, and educational resources.

Pre-seed and Seed investment rounds

zkPass raised $2.5M in a Seed funding round from Binance Labs Fund, Sequoia Capital, OKX Ventures (ex OKEx Blockdream Ventures), dao5 (daofive), SIG DTI (a Susquehanna International Group Company), Cypher Capital, Leland Ventures, Blockchain Founders Fund.

zkPass is a composable, privacy-preserving decentralized identity verification solution for Web3, utilizing multi-party computation (MPC) and zero-knowledge proof (ZKP) technologies to securely validate and verify private data without the need for data disclosure or upload. It enables users to selectively and privately validate various types of data while maintaining trust and privacy in applications such as decentralized identity passes, DeFi lending protocols, healthcare data marketplaces, and more.

Conductive.ai raised undisclosed amount in a Seed funding round from Animoca Brands*, Kraken Ventures, Bixin Ventures, Sound Ventures, Rubik Ventures, Sfermion, Oyster Ventures, Blue Lion Global, AXIA8 Ventures, Unanimous Capital, Everest Ventures Group (EVG).

Conductive.ai is a disruptive platform in the gaming industry, providing game developers with software to incentivize player engagement and extend player lifetimes, leading to increased game revenue. By integrating Conductive.ai's solution, games can reward players with stablecoins and digital collectibles, fostering longer gameplay and encouraging player referrals. With Conductive.ai, developers gain insights into player engagement through an analytics suite, shaping strategies to enhance player retention and overall gaming experience.

Terminal 3 raised undisclosed amount in a Pre-seed funding round from 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, DWeb3 Capital, Hard Yaka, Bored Room Ventures, BlackPine, Mozaik Capital.

Terminal 3 is a Hong Kong-based Web3 startup focused on decentralized data storage, providing an alternative to centralized systems that compromise privacy and pose compliance and security challenges for enterprises. Leveraging decentralized storage and zero-knowledge proofs, Terminal 3 aims to enable a fair Web3 environment where user data remains fully private and secure while being freely composable.

Other investment rounds

Orbital raised $6.4M in a  funding round from Golden Record Ventures (GRV)*, New Form Capital, GSR Ventures, Psalion VC, Luminous Ventures.

Orbital is a traditional finance and crypto payments platform for global enterprises, offering a regulated and secure experience for businesses to integrate stablecoins and major cryptocurrencies into their payment flows. It acts as a bridge between traditional finance and digital asset treasury solutions, providing a single point of access to tools like multi-currency accounts, foreign exchange, global payments, and digital asset custody.

Solv Protocol raised $6M in a  funding round from Laser Digital, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Bing Ventures, Apollo Capital, Hash Capital, GeekCartel, ByteTrade Lab.

Solv Protocol is a decentralized platform bridging liquidity across DeFi, CeFi, and TradFi, offering diverse asset classes and yield opportunities in a secure and transparent manner. It enables global institutions and retail investors to access trusted crypto investments through a trustless fund infrastructure powered by ERC-3525.

Conic Finance raised $1M in a  funding round from Michael Egorov*.

Conic Finance is an easy-to-use platform built for liquidity providers to easily diversify their exposure to multiple Curve pools. Any user can provide liquidity into a Conic Omnipool which allocates funds across Curve in proportion to protocol controlled pool weights.

* fund, that lead investment round