Crypto Fundraising weekly
Dates: 31 Mar – 06 Apr 2024

This week's biggest funding round

IoTeX raised $50M in a funding round from SNZ Holding, Foresight Ventures, Borderless Capital, Amber Group, FutureMoney Group, Metrics Ventures, Waterdrip Capital, Escape Velocity, Summer Ventures.

IoTeX is a pioneering platform dedicated to integrating the physical and digital worlds through a modular DePIN (Decentralized Private-IoT Network) structure. It aims to empower the Internet of Trusted Things, enhancing scalability, privacy, and interoperability across IoT devices and applications. This platform enables users to connect real-world data and devices with blockchain, fostering the development of secure and intelligent IoT applications and ecosystems.

Pre-seed and Seed investment rounds

Cellula raised $2M in a Pre-seed funding round from SevenX Ventures*, OKX Ventures (ex OKEx Blockdream Ventures)*, Mask Network, Foresight Ventures.

Cellula is a fully on-chain autonomous life simulation strategy game that embraces composability and persistence. This innovative game is at the forefront of developing fully on-chain games, leveraging artificial intelligence to deliver limitless composability and persistence within the realm of strategy gaming.

MadFi raised $1M in a Seed funding round from Render Token*, Social Graph Ventures*, Avara*, Friends With Benefits, FireEyes, Boys Club, Robert Leshner, Spencer Noon, Sandeep Nailwal.

MadFi is a platform that revolutionizes on-chain media promotion by enabling crypto subscriptions, rewards, and revenue sharing. It encourages communities to coordinate in promoting content, allowing content creators to earn through various channels like content bounties, crypto subscriptions, and trading club chips. MadFi offers a unique opportunity for creators to generate recurring revenue and engage with brands for sponsored content, emphasizing full ownership of social networks and content.

RootData raised $1.3M in a Seed funding round from Northern Light Venture Capital*, Mask Network, Skyland Ventures, Basics Capital, Rebase D. Ventures, GoPlus Security, UniSat.

A Web3 asset data platform that encapsulating both Onchain & OffChain Data

LightLink raised $1.7M in a Seed funding round from MH Ventures, NxGen, Satoshi Stacker.

LightLink is an Ethereum Layer 2 blockchain designed to facilitate instant, gasless transactions for dApps and enterprises. Through its novel Enterprise Mode, LightLink provides a predictable, fixed-fee subscription model, enabling users to experience high-throughput transactions at no cost and making sophisticated DeFi and computation-intensive dApps feasible. With a mission to seamlessly integrate millions into the digital economy, LightLink offers EVM compatibility and a proprietary stack, allowing developers to migrate and scale their dApps without the need for extensive code rewriting.

Zulu Network raised $3M in a Pre-seed funding round from Cryptogram Venture (CGV), D11-Labs, Web3.com Ventures, CatcherVC, SatoshiLabs, K24 Ventures, Waterdrip Capital, Jingle Mining, Blue Run Ventures, Ledger Capital.

Zulu Network is a two-tiered architecture expanding the network's capabilities and facilitate cross-chain interoperability. ZuluPrime, the initial layer, operates as a Bitcoin Layer 2, prioritizing EVM compatibility to deliver stable DeFi applications and financial services. ZuluNexus, the secondary layer, acts as a Bitcoin Layer 3, supporting both UTXO and Account types, and enabling developers to explore innovative possibilities while preserving Bitcoin's core capabilities.

Legitimate raised $4.3M in a Seed funding round from Lemniscap*, Draper Associates, Sfermion, Factor Capital.

Legitimate, through its LGT Protocol and LGT Tags, offers an innovative framework for connecting physical products with digital experiences powered by blockchain technology. By integrating LGT Tags into products, customers can verify authenticity and access exclusive digital content, while the locking mechanism ensures security and prevents unauthorized transfers of ownership. Legitimate's platform enables brands to engage with customers like never before, promoting sustainability and transparency in product authenticity and provenance.

Raiinmaker raised $7.5M in a Seed funding round from Jump Crypto*, Cypher Capital*, GDA Capital, Gate Labs, MEXC Ventures, Krypital Group, Alphabit, NewTribe Capital, Sheesha Finance, Arcanum Capital, NxGen, Coach K, AXIA8 Ventures, Alpha Sigma Capital, Launchpool, Stealth Capital, Basics Capital, Alpha Capital, K300 Ventures, Andromeda Capital, Titans Ventures, Taisu Ventures, Bella, Candaq Fintech Group, DCI capital (Dutch Crypto Investors), Green Arrow Ventures, 7 O’Clock Capital, SeedThrift Ventures, Spicy Capital.

Raiinmaker leverages decentralized AI and Web3 technology to transform value distribution tied to authentic identity, data, and behavior. It introduces a scalable infrastructure that empowers users to generate AI content, train AI models, and operate mobile DePIN Nodes. This ecosystem rewards contributions through $COIIN tokens, facilitating a novel approach to validating decentralized compute and network operations without requiring blockchain expertise.

SatoshiSync raised undisclosed amount in a Seed funding round from Candaq Fintech Group, MH Ventures, Maven Capital, Covey Network, ZBS Capital, Ape Terminal, Seedify, Chainlink, LayerZero Labs, Core DAO, Rootstock, Portal.

SatoshiSync is a Chain-Agnostic Interoperability Protocol designed for BTCFi, offering the first permissionless solution for inscription deployment and bridging on Bitcoin Layer 2 (L2). By simplifying the process of making BTCFi liquid, SatoshiSync enables users to seamlessly create and manage inscription markets across various blockchain networks such as Ethereum, Solana, and others, utilizing key technologies like InscripSync, the Satoshi Router, and SatoshiBank.

Sanctum raised $6.1M in a Seed funding round from Dragonfly Capital*, Syndicate by Boogle, Sequoia Capital, Solana Ventures, DeFiance Capital, Coin Merge Strategy (CMS), Valhalla Capital, Jump Capital, Genblock Capital, Infinite Capital, Cozomo de’ Medici, Francesco Agosti, Marin Digital Ventures, ROK Capital, Peak XV Partners (ex as Sequoia India & South East Asia).

Sanctum is a protocol on Solana designed to facilitate liquid staking, ushering Solana into a limitless Liquid Staked Token (LST) era. It provides a unified liquidity layer for users staking SOL natively or with LSTs, offering powerful capabilities for accessing a wide range of whitelisted LSTs through its Infinity multi-LST liquidity pool.

Sofamon raised undisclosed amount in a Seed funding round from Polychain Capital, Inception Capital (ex OP Crypto), Seed Club Ventures, George Lambeth, Nick White, Cygaar, 0xmons.

Sofamon is a cultural hub designed for the crypto-savvy, bringing a new dimension of social expression to the digital realm.

XRADERS raised $2.1M in a Seed funding round from FBG Capital, GM VC, MARBLEX Corp., Basics Capital, Icetea Labs, Asteroid Capital, Marshland Capital, Digital Strategies, Alpha Protocol Ventures, Genesis Block Ventures Capital (GBV).

XRADERS is a platform dedicated to providing users with reliable insights and guidance in the cryptocurrency market. Through curated expert advice and interactive features, XRADERS aims to empower both novice and experienced traders to make informed decisions and navigate the complexities of cryptocurrency trading confidently.

Agora raised $12M in a Seed funding round from Dragonfly Capital*, General Catalyst, Robot Ventures.

Agora is a financial solutions provider offering stability by pegging its value to assets like the dollar, backed by cash, Treasury bonds, and repurchase agreements. Agora Finance specializes in supplier financing for SMEs in emerging markets, providing fast and flexible financing options to unlock working capital and foster economic development.

AutoLayer (ex Tortle Ninja) raised $2.5M in a Seed funding round from KuCoin Labs, Staked VC (ex StakelyVC), Morningstar Ventures, Spark Digital Capital, Dewhales Capital, Poolz Ventures, BlackEdge Capital.

AutoLayer is a leading LRTfi hub on Arbitrum, offering access to a diverse range of assets, liquidity pools, farms, and vaults/strategies. Now integrated into the EigenLayer ecosystem, AutoLayer optimizes Liquid Restaked Tokens (LRT), Liquid Staked Tokens (LST), AVSs, operators, and incentives, acting as a gateway to LRTfi for developing optimal strategies. AutoLayer V2, currently under development, aims to enhance integration within EigenLayer, introducing features like Virtual Operators, Slashing Bounties, Auto-Compounding, and improved asset management.

Camp Network raised $4M in a Seed funding round from Maven 11 Capital*, OKX Ventures (ex OKEx Blockdream Ventures), Protagonist, Inception Capital (ex OP Crypto), Paper Ventures, HTX Ventures (ex Huobi Ventures), Moonrock Capital, Eterna Capital, AVID3.

Camp Network is a modular Layer 2 solution tailored for entertainment, media, music, and gaming industries, leveraging off-chain data to enhance monetization and market strategies. Users can carry their off-chain identity layer from social and streaming apps, enabling apps on the network to access next-gen engagement data, reducing acquisition costs, and boosting retention.

Moongate raised $2.7M in a Seed funding round from Titan Fund*, Token Bay Capital, Penrose Tech, RNR Capital, Cogitent Ventures, Genesis Block Ventures Capital (GBV), PHD Capital.

Moongate is an integrated platform empowering brands and event organizers to enhance community engagement through NFT tickets and memberships, offering exclusive experiences and benefits. With features like ticket creation, membership programs, benefit campaigns, and customer analytics, Moongate simplifies the process for vendors to interact with customers before, during, and after events, fostering brand loyalty and community interaction using blockchain technology seamlessly integrated with Web2.

Merkle Trade raised $2.1M in a Seed funding round from Hashed*, Arrington Capital*, Morningstar Ventures, Amber Group, Aptos Network, DoraHacks, Re7 Capital.

Merkle Trade is the first gamified perpetual decentralized exchange (perp DEX), offering crypto, forex, and commodities trading with leverage up to 1,000x. It aims to democratize trading by combining gaming elements and social trading, making it accessible to all types of users. With its unique level-up system, loot boxes, and NFT rewards, Merkle Trade provides an engaging and rewarding trading experience for both seasoned traders and newcomers.

Lockchain ai raised $4.6M in a Seed funding round from Lerer Hippeau*, Arrington Capital, Valhalla Ventures, Arca Fund, RSE Ventures, Sonic Boom Ventures, White Star Capital.

Lockchain ai is a risk management platform for blockchain assets, utilizing generative AI for real-time portfolio risk analysis and monitoring. It offers traders and asset managers continuous due diligence, instant risk notifications, and predictive impact analysis to make informed decisions at scale. Powered by generative AI, Lockchain ai provides traders and asset managers with real-time insights, instant notifications, and predictive impact analysis for informed decision-making in blockchain asset trading.

Other investment rounds

OrdinalsBot raised $3M in a  funding round from Digital Asset Capital Management (DACM)*, Eden Block, Nural Capital, WWVentures, Lightning Ventures, Bitcoin Frontier Fund, Oak Grove Ventures, UTXO Management, Kenetic, Coin Merge Strategy (CMS), Kestrel 0x1, Sora Ventures, London Real Ventures.

OrdinalsBot is a platform that simplifies the process of inscribing digital content on the Bitcoin blockchain as Ordinals, making it accessible and user-friendly. It offers a user-friendly interface, supports various file formats, and maintains a competitive pricing structure. Additionally, OrdinalsBot recently launched a Software Developer Kit (SDK) to empower developers to integrate Ordinals functionalities seamlessly into their projects, fostering innovation in the Bitcoin Ordinals ecosystem.

Planet Mojo raised $5.5M in a Strategic  funding round from Animoca Brands*, Merit Circle*, Courtside Ventures*, The Spartan Group, Citizen Capital Fund, Sfermion, Big Brain Holdings, Everest Ventures Group (EVG), Republic, SkyVision Capital, NGC Ventures (NEO Global Capital), ReadyPlayerDAO, Alchemy Ventures, Momentum 6 (M6), RW3 Ventures, Collab+Currency, Polkastarter, Metavest Capital, Symbolic Capital (ex Hyperedge Capital), Everyrealm, Fourth Revolution Capital (4RC).

Planet Mojo is a Web3 gaming metaverse, featuring a suite of eSports and PvP games. Set on an alien planet, it combines mythical creature competitions with a deep narrative revealed over time. The platform focuses on sustainable, expansive games where players own in-game assets and influence the project's direction.

Phoenix raised $20M in a Series A  funding round from Paradigm*, Electric Capital.

Phoenix introduces itself as the fastest on-chain orderbook in the DeFi space, promising unprecedented speed, efficiency, and transparency for limit orders. Positioned as the future of DeFi, Phoenix boasts ultra-low protocol and network fees, with an impressive average block time of 0.5 seconds, exclusively on Solana. It's designed to enhance the trading experience with instant trade confirmations and settlements, ensuring traders maintain full control over their assets in a trustless, non-custodial environment.

Privasea raised undisclosed amount in a  funding round from OKX Ventures (ex OKEx Blockdream Ventures), Laser Digital, Tane.

Privasea AI Network is a solution addressing data privacy challenges in artificial intelligence. Integrating Fully Homomorphic Encryption with blockchain-based incentives, it revolutionizes machine learning inferencing, enhances privacy, and facilitates collaborative AI computations while ensuring secure and private AI computing experiences for users.

Mystiko Network raised $11.3M in a Public sale  funding round from .

Mystiko Network is the foundational zero-knowledge technology layer of Web3, offering a universal ZK protocol and development kit for scalability, interoperability, and privacy. Serving as the privacy infrastructure for blockchain data and applications, Mystiko enables confidential transactions, private asset management, and shielded business decisions across Layer 1, Layer 2, wallets, bridges, and decentralized exchanges. With Mystiko, individuals can safeguard their financial privacy, while developers can easily integrate privacy features into their decentralized applications.

Truflation raised $300K in a Public sale  funding round from .

Truflation is an economic data aggregator that provides independent, unbiased, real-time data both on-chain and off-chain. It provides a more accurate and transparent method for monitoring inflation, serving individuals, investors, companies, and institutions in making informed financial decisions. Truflation is the driving force behind inflation-protected Web3 applications and blockchain economies.

Bythen raised $3M in a  funding round from East Ventures, Beenext, Eden Holdings (ED3N Ventures), GuildFi, dingaling, Grail eth.

Bythen focuses on crafting an AI-driven protocol aimed at easing the development of AI-enhanced, 3D avatar agents with self-operating features.

Gomble Games raised $10M in a  funding round from The Spartan Group, Hashed, IOSG Ventures, Foresight Ventures, Big Brain Holdings, Binance Labs Fund, Animoca Brands, Altos Ventures, Shima Capital, Cypher Capital, CRIT Ventures, MH Ventures, P2 Ventures (Polygon Ventures), Aptos Network, Mulana Capital, WAGMI Ventures, CSP DAO, Caballeros Capital, OIG Capital (Oracles Investment Group), MARBLEX Corp., Verse2, Presto Labs.

Gomble Games is a strategic casual game studio focused on creating immersive and enjoyable gaming experiences through their concept of "GX," emphasizing dynamic gameplay elements and simplicity. With a mission to cater to diverse audiences and introduce casual gamers to the web3 market, Gomble Games aims to provide engaging and entertaining games that prioritize core enjoyment over monetary gain.

Gasp (ex Mangata Finance) raised $5M in a Private  funding round from Polychain Capital, Coin Merge Strategy (CMS), Master Ventures, Token Metrics Ventures, Cluster Capital, NxGen.

Gasp is a cross-chain exchange protocol designed to enable seamless transfers between Ethereum scaling networks such as Arbitrum and Optimism, with future expansion to other blockchains. Positioned as a Layer 2 cross-rollup solution, Gasp aims to establish Ethereum as the primary settlement layer for cross-chain transactions, providing native cross-chain swaps utilizing escape hatches, ZK proofs, and decentralized sequencers to ensure the security and integrity of user funds across networks.

Zeus Network raised $8M in a  funding round from Mechanism Capital*, OKX Ventures (ex OKEx Blockdream Ventures), Animoca Brands, Big Brain Holdings, Lemniscap, The Spartan Group, Anatoly Yakovenko, Muneeb Ali, Andrew Kang.

Zeus Network is the permissionless communication layer seamlessly integrating Solana and Bitcoin. Leveraging Solana's speed and scalability alongside Bitcoin's security and liquidity, Zeus Network provides boundless opportunities, with the upcoming V2 (Gaia) upgrade enhancing composability for developers across both ecosystems. The network's architecture, comprising Zeus Node and Solana Virtual Machine, ensures efficient and decentralized operation, offering a wide array of possibilities, from DeFi yield strategies to NFT tools.

BonusBlock raised $2.3M in a  funding round from Laser Digital, iAngels Capital, Cogitent Ventures, NewTribe Capital, Faculty Group, Kyros Ventures, ZBS Capital, Rarestone Capital, LVT Capital, Momentum 6 (M6), Purechain Capital, Burnt (XION), Eclipse Fi, Georgios Vlachos, Ivan on Tech, Satoshi Stacker, Ash Crypto, Brian D Evans, Iced Knife, Coach K.

BonusBlock is a Web3 engagement protocol designed to tailor on-chain engagement to the specific needs of projects and their audiences, focusing on quality users across ecosystems. With a user-oriented and AI-driven approach, BonusBlock offers dedicated white-label solutions across Web3, enabling ecosystems to attract, onboard, and advance users while revolutionizing the crypto space by addressing the challenge of acquiring high-quality users.

Burnt (Xion) raised $25M in a Series A  funding round from Animoca Brands, Multicoin Capital, Golden Tree, The Spartan Group, Laser Digital, Mechanism Capital, Sfermion, Arrington Capital, Draper Dragon, Figment, Vessel Capital, Morningstar Ventures, Innovating Capital, Anti Capital, Hex Trust, MH Ventures, Stateless Ventures, KuCoin Ventures, Selini Capital.

Burnt is a Web3 developer working to advance financial and creative freedom, and they are developing XION, a layer-1 blockchain tailored for consumer adoption. XION aims to simplify Web3 for non-technical users by abstracting crypto complexities. XION uses $USDC as its primary transactional currency, ensuring security, stability, and familiarity in its ecosystem by eliminating bridging risks, price volatility.

* fund, that lead investment round