- The leader in the amount of funding received was the Movement Labs project.
- The funds’ attention was focused on the sectors of development of blockchain services and infrastructure.
- Nine projects did not disclose the amount of investment.
Between April 20 and April 27, 2024, 26 projects attracted investments totaling $139.8 million.
Infographics Incrypted.In particular, during the week the following received funding:
- $38 million – Movement Labs. The studio, which develops L2 solutions based on Ethereum, has closed a Series A funding round led by Polychain Capital. The following counterparties also took part in the round: Hack VC, Placeholder, Archetype, Maven 11, Robot Ventures, Figment Capital, Nomad Capital, Bankless Ventures, OKX Ventures, dao5 and Aptos Labs. Its structure and company valuation are not disclosed. Most of the funds raised will be used to develop Movement Labs’ main product – an Ethereum-based L2 solution created in the Move language.
- $20 million – Aligned Layer. Cryptocurrency startup Aligned Layer announced the completion of a new Series A funding round, led by Hack VC. Also investors were: Everest Ventures, Symbolic Capital, Nomad Capital, Protagonist and other venture funds. The raised capital will be used to expand activities and accelerate the launch of the main network.
- $15 million – Turnkey. The crypto wallet infrastructure provider announced the closing of a Series A round led by Lightspeed Faction and Galaxy Ventures. The following counterparties also took part in it: Sequoia, Coinbase Ventures, Alchemy, Figment Capital and Mirana Ventures. Turnkey’s goal is to provide the tools to create flexible and reliable custody solutions.
- $12 million – SHIBA INU. The project team has completed an investment round. Funding was carried out by selling the TREAT token to venture investors. This asset is not yet quoted anywhere – it is a governance token of the future third-level network (L3), which the team is working on to create. It is known that funds were provided to the startup by: Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Labs, Stake Capital and Comma 3 Ventures.
- $10 million – Carv. The platform, which allows Web3 gaming companies to monetize their data, has raised $10 million in a Series A funding round co-led by Tribe Capital and IOSG Ventures, with participation from Consensys, OKX Ventures, Fenbushi Capital, No Limit Holdings, Draper Dragon, Arweave and others. With the new capital, Carv plans to improve the design of its CARV portal and launch a service to improve online data identification and authentication.
- $8 million – InfiniGods. InfiniGods, a company developing mobile blockchain games and creating a Web3 gaming ecosystem, has closed a Series A funding round. The sole investor was the venture capital firm Pantera Capital.. The funds are used to implement the “vision of the future of mobile blockchain games.”
- $5.5 million – Prime Intellect. The startup, which creates a decentralized infrastructure for the development of artificial intelligence, has received investments from CoinFund, Distributed Global, Compound, Collab+Currency, Protocol Labs and private investors. The firm plans to launch a decentralized protocol.
- $5 million – Tevaera. The gaming startup raised funds in a seed funding round led by Laser Digital. Also investors were Hashkey Capital, Fenbushi Capital, Matter Labs, Crypto.com Capital, Cogitent Ventures, Selini Capital, DWF Labs, Morningstar Ventures and others. In total, 17 counterparties invested in the company. The new capital will be used to implement Tevaera’s mission to create a gaming ecosystem based on zkSync.
- $4.6 million – NATIX Network. Decentralized Physical Infrastructure Network (DePIN) has raised funds in a strategic funding round led by Borderless and Tioga Capital, with participation from Nomura Laser Digital, Big Brain Holdings, Escape Velocity, IoTeX, WAGMI Ventures, Moonrock Capital. Private investors also provided funds to the startup.. The project team announced that it will launch a token on the Solana blockchain in the second quarter of 2024 and distribute 1 billion tokens to users as part of the airdrop.
- $4 million – Othentic. The startup closed a seed funding round co-led by Breyer Capital and Finality Capital Partners, with participation from Coinbase Ventures, HashKey Capital, Robot Ventures and seven other investors.
- $3 million – Adot. The company, which creates decentralized search engines with elements of artificial intelligence, announced the completion of a preliminary round of Series A funding. The investment was led by Hash Global with participation from gCC and Xin Family. The funds will be used to develop a decentralized search system with artificial intelligence.
- $3 million – Puffverse. The gaming company closed a funding round led by Animoca Brands with participation from Sky Mavis, Arcane Group, Spartan Group, Foresight Ventures, HashKey Capital and Xu Family Office. The new capital will be used to develop the PuffGo game and create a gaming platform that will allow NFT projects to create metaverses without the need for programming skills.
- $2.5 million – OpenDelta. The company closed a pre-seed funding round led by investment firm 6th Man Ventures. Also participating in the round were Boosty Venture Studio and business angels: Winslow Strong, Justin Mares, Murad Makhmudov, Mirko Schmidl. The funds raised will allow us to accelerate the launch of a product based on the Runes protocol, expand the team and introduce incentives for the influx of liquidity.
- $2 million – Moso. The platform, which gives cashback for paying for purchases with cryptocurrencies, has raised funds from Symbolic Capital, Dao5, Coinlist, Polygon Ventures and private investors. The company intends to use the capital to expand its activities.
- $1.8 million – Anichess. Web3, a company developing an online chess strategy, has received funding from Sfermion, Amber Group, Fenbushi Capital, Aspen Digital, SNZ Capital and others. The startup intends to use the capital for game development, marketing initiatives and team expansion.
- $1.7 million – Uncharted. The gaming firm has closed a strategic funding round led by Shima Capital with participation from The Spartan Group, Double Peak Group, Devmons, 32-bit, D64 Ventures, Trinity Labs, LiquidX and private investors. The funds will be used to develop the Uncharted ecosystem.
- $1.4 million – TOKERO. The cryptocurrency exchange announced the successful closing of a private round of financing. The company did not disclose its investors, but said it would use the funds to develop its own token.
- $1.3 million – Only1. The company announced the closing of a strategic funding round led by Newman Group with participation from PetRock Capital, Folius Ventures, Modular Capital and private investors. The new capital will be used to create a platform for adults (analogous to OnlyFans) based on Solana.
- $500,000 – SatScreener. Token aggregator for the Bitcoin ecosystem received funding in a seed funding round led by Sora Ventures. The startup also received investments from Brotherhood, UTXO Management, Bitcoin Frontier Fund and ten other counterparties.
- $500,000 – Wild Forest.
Infographics Incrypted.Let us remind you that in the period from April 13 to April 20, 30 projects attracted investments totaling $129.9 million.
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