Crypto Fundraising weekly
Dates: 31 May – 06 Jun 2021

This week's biggest funding round

Balancer raised $24.3M in a funding round from Alameda Research, Pantera Capital, Blockchain Capital, FinTech Collective, LongHash Ventures, Fenbushi Capital, Continue Capital, Kain Warwick.

Balancer Protocol allows users to trade tokens, create liquidity pools, and invest in existing pools while earning yields from trades.

Pre-seed and Seed investment rounds

Snickerdoodle Labs raised $2.3M in a Seed funding round from Kenetic, Blockchain Capital, Struck Capital, Zilliqa Capital, FTX Ventures, Tribe Capital, Zinal Growth.

Snickerdoodle is using blockchain technology to build a data economy that protects user privacy and distributes value to all stakeholders.

DeFi11 raised $3.5M in a Seed funding round from NonceBlox, Kyros Ventures, Exnetwork Capital, AU21 Capital, Fomocraft Ventures, Alphabit, Launchpool, TDeFi, Biconomy, MintedLab, Magnus Capital, Defied Bank, LVT Capital, Blockchain Capital, Protocol Ventures, Titans Ventures, GD10 Ventures, x21 Digital, A195 Capital.

DeFi11 is a defi powered gaming ecosystem for fantasy sports, NFT virtual hybrid world and P2P predictions.

Pontem raised $4.5M in a Seed funding round from Kenetic, Mechanism Capital, Delphi Digital, Alameda Research.

Pontem is a Web3 product development studio focused on enabling developers to create applications that are compatible with both Ethereum Virtual Machine and Move, a programming language. The studio's technology, initially developed by members of the Aptos team, emphasizes increasing the utility of the Move language, known for its security and scalability features. Pontem is actively working on developing Move Virtual Machine products for EVM-compatible blockchains, like Ethereum, and has plans to support additional blockchain languages in the future.

Sherlock raised $1.5M in a Pre-seed funding round from IDEO CoLab Ventures, A Capital, Scalar Capital, Alliance DAO (ex DeFi Alliance).

Sherlock is a smart contract auditing platform.

Endaoment raised $2.5M in a Seed funding round from Framework Ventures*, Distributed Global, Alliance DAO (ex DeFi Alliance), Chapter One.

Endaoment is a nonprofit community foundation & public charity built on the Ethereum blockchain, allowing anyone to donate their digital assets to any qualified 501(c)(3) U.S. nonprofit organization. Endaoment.Org, a blockchain-based public charity, and Endaoment.Tech, the software development firm responsible for building Endaoment’s smart-contract driven protocol.

Octane Protocol raised $1.7M in a Seed funding round from 4SV (Four Seasons Ventures), The DuckDao, MantraDao, T3E, DCI capital (Dutch Crypto Investors), Caballeros Capital, OIG Capital (Oracles Investment Group), Insignius Capital, x21 Digital.

Octane Protocol is a decentralized limit orders on Binance Smart Chain

Apricot raised $800K in a Seed funding round from NGC Ventures (NEO Global Capital), Coin Merge Strategy (CMS), Genblock Capital, Double Peak Group, Digital Finance Group (DFG).

Apricot is a next-gen lending protocol that supports leveraged yield farming on Solana.

Pandora Protocol raised $2.4M in a Seed funding round from Genesis Block Ventures Capital (GBV), Spark Digital Capital, AU21 Capital, x21 Digital, NGC Ventures (NEO Global Capital), Zokyo Ventures, Exnetwork Capital, A195 Capital, Protocol Ventures, Genblock Capital, Magnus Capital, Amesten, Crypto Dorm Fund, Master Ventures.

Pandora is a scalable and interoperable infrastructure that allows asset owners to convert their real-world illiquid assets into a tokens.

Subspace Network raised $4.5M in a Seed funding round from Hypersphere*, Stratos Technologies*, NGC Ventures (NEO Global Capital), IOSG Ventures, Republic Capital (ex Republic Labs), Krypital Group, D1 Ventures, Consensys Mesh, 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.

ARCx raised $1.2M in a Seed funding round from Dragonfly Capital, Scalar Capital, LedgerPrime.

ARCx is a synthetic asset protocol that unlocks the liquidity of your interest earning assets through our native stable-coin STABLEx.

Lithium Finance raised $5M in a Seed funding round from Pantera Capital*, Hashed*, NGC Ventures (NEO Global Capital), Genesis Block Ventures Capital (GBV), HTX Ventures (ex Huobi Ventures), OKX Ventures (ex OKEx Blockdream Ventures), LongHash Ventures, Alameda Research.

Lithium Finance is the first decentralized data oracle solution that uses collective intelligence to regularly price illiquid assets.

Composable Finance raised $7M in a Seed funding round from Advanced Blockchain AG*, Rarestone Capital*, Form Capital, Maven 11 Capital, Blockchain Capital, Coin Merge Strategy (CMS), Alameda Research, The Spartan Group, Hypersphere, Divergence, Digital Finance Group (DFG), LedgerPrime, LongHash Ventures, Cluster Capital, 4SV (Four Seasons Ventures), PNYX Ventures, Pluto Digital, New Form Capital, SOSV.

Composable Finance is a cross-chain and cross-layer interoperability platform. It was developed to resolve the current problem of a lack of cohesion between different decentralized finance (DeFi) protocols.

Obligate raised $4.7M in a Seed funding round from Earlybird Venture Capital*, SIX FinTech Ventures.

Obligate is a Switzerland-based startup offering blockchain-based regulated debt securities.

Star Atlas raised $10M in a Seed funding round from Petrock Capital.

Star Atlas is a virtual gaming metaverse set in the year 2620, where three major factions vie for resources and control: humankind, a consortium of alien races, and sentient androids. This next-gen metaverse combines state-of-the-art blockchain, real-time graphics, and decentralized financial technologies, offering a unique gaming experience blending traditional core game mechanics with blockchain innovations.

Other investment rounds

NFTify raised $240K in a Public sale  funding round from .

NFTify was created to provide one place to build an influential NFT marketplace and brand.

Gauntlet raised $13.6M in a Series A  funding round from Polychain Capital*.

Gauntlet builds a blockchain simulation and testing platform for financial systems.

Egoras raised $321.5K in a Public sale  funding round from .

Egoras microfinance protocol provides uncollateralised micro-credit to small entrepreneurs.

Phuture raised $280K in a Public sale  funding round from .

Phuture is a decentralised protocol built for the creation and investment of passive index strategies in a Web3 environment.

Solpad Finance raised $480K in a Public sale  funding round from .

SolPad is a crowdfunding platform with support for Multi-chain IDO and guaranteed allocation for holders.

Lossless raised $450K in a Public sale  funding round from .

Lossless brings a trusted and safe DeFi ecosystem with minimal to no losses from hacks, exploits, or social engineering.

Impossible Finance raised $7M in a  funding round from Coin Merge Strategy (CMS)*, Hashed*, True Ventures*, Alameda Research*, SINO Global Capital, IOSG Ventures, Divergence, Genesis Block Ventures Capital (GBV), mgnr, Lemniscap, Primitive, Incuba Alpha, Arche Fund (Coin98 Ventures), THE LAO, Mapleblock Capital, LongHash Ventures, Bitscale Capital, BR Capital.

Impossible Finance is a multi-chain incubator, launchpad, and swap platform which offers a robust product-first ecosystem.

NiiFi raised $275K in a Public sale  funding round from .

NiiFi is a decentralized exchange (DEX) being built on Nahmii – a layer two system for boosting Ethereum’s transaction capacity.

Hxro Network raised $15M in a  funding round from Commonwealth Asset Management.

Hxro Network is a decentralised liquidity network for risk-based applications built on the Solana blockchain.

Automata Network raised $2.4M in a Strategic  funding round from KR1 plc, IOSG Ventures, Jump Trading.

Automata Network is a decentralized service protocol providing privacy middleware for Web3 dApps.

The Dapp List raised $50K in a Public sale  funding round from .

The Dapp List is manifesting a multichain ecosystem for curating the Web3 adoption.

* fund, that lead investment round