- Funds that have raised the most money this week are OKX Blockdream Ventures and C² Ventures
- All of them participated in two rounds of funding
For the past week, 14 projects have received funding from funds. You can read more about each of them below:
– Cryptocurrency firm FARE Protocol announced the closing of a $6.2 million seed funding round.
The round was led by C Squared Ventures and Goat Capital, with participation from Arrington XRP Capital, 6th Man Ventures, Republic, Morningstar Ventures, Quantstamp, Eniac Ventures, Spark Digital Capital, DWeb3 Capital..
The company plans to launch its own ecosystem and token on the Arbitrum blockchain this year.
– Entender Finance, which provides an automated end-to-end accounting solution for Web3 companies, has raised $4 million in investment..
Companies that participated in the seed funding round included Basis Set, Valhalla, Caffeinated, Moonpay, Alumni, MDig and Alpine.
The new capital is planned to be used to scale the system and introduce blockchain transactions into the ecosystem.
– ZebecLabs fund invested $1.5 million in the first derivatives trading platform on the Nautilus Chain – Coral Finance.
The funds raised are used to provide liquidity through innovative premium pools and other products.
– Leading provider of secure hardware wallets, Tangem AG, received an $8 million investment from venture capital firm Web3 Shima Capital.
The round takes place during a period of constant growth of the hardware developer.
New capital will help take Tangem to the next level, accelerate growth and offer improved solutions for secure digital asset management.
Also with this investment, Tangem is well positioned to expand its product portfolio, further strengthening its position as a leader in the hardware wallet industry.
– Defi-protocol Nolus, powered by Cosmos, has raised $2.5 million in investment. The company is now valued at $20 million..
The funding round was supported by Dorahacks, Everstake, Cogitent Ventures, Token Metrics Ventures, and Autonomy Capital.
The funds will allow Nolus to fully complete the technology foundation and expand the platform both inside and outside the Cosmos ecosystem.
– Cetus, a pioneering DEX and concentrated liquidity protocol built on Sui and Aptos blockchain, announced the closing of a seed funding round..
The amount of funds received was not disclosed, but it is known that the investors were OKX Ventures, KuCoin Ventures, Comma3 Ventures, NGC Ventures, Animoca Ventures, IDG Capital, Leland Ventures, AC Capital, Adaverse, Coin98 Ventures.
The funding will be used to support the platform’s initial development and growth, as well as to expand its market presence and customer base.
– Revenue and protocol aggregator Portals, announced the closing of a $2 million seed funding round..
Investors include Lightshift Capital, Poolside, Basement Labs, LongHash Ventures, Daedalus Angels, Mechanism Capital and angel investors 0xMaki, Mathieu Baril, Owl.eth, Emile Dubie, Rudy Kadoch, David Dias..
With the investment, Portals is ready to continue disrupting and simplifying the DeFi space, allowing anyone to easily manage DeFi’s complex operations.
– US financial technology developer Fedi announced the closing of a $17 million Series A funding round.
The round was led by Ego Death Capital with participation from TBD, Block, Kingsway, Trammell Venture Partners and Timechain. In total, the total amount raised in Series A is $21.21 million..
The platform’s main goal is to overcome the three biggest obstacles to BTC adoption today – lack of secure storage, privacy and scalability.
– Layer-2 network zkLink is raising $10 million in a strategic funding round led by Coinbase Ventures.
Ascensive Assets, Susquehanna International Group, Big Brain Holdings, Efficient Frontier also participated in the round.
These investments have brought the total funding for zkLink to date to $18.5 million.. The new capital will help zkLink move toward launching a core network in the third quarter.
– NFT platform Vibe has received $4 million in funding from Alchemy Ventures and Psy P Nation. The company aims to add value to NFTs beyond their scarcity and implement or increase the utility of the token.
– A provider of networked structured finance products for treasuries and Web3 companies, OpenTrade has received $1.5 million in investment from Circle Ventures, Kronos Research, Kyber Ventures, Polygon Ventures and Outlier Ventures.
OpenTrade plans to launch its platform in the second half of the year and is using new tools to scale its operations.
– Decentralized MovEx exchange based on Sui blockchain attracts investment from MystenLabs.
The company did not disclose the amount of the investment, nor did it say how it would spend the funds raised.
– TAE marketplace Alien Swap has completed a strategic funding round totaling $12 million..
Investors are NEXT Leader Capital and C² Ventures, OKX Ventures, Araceae Capital, BIP32 Venture, Hyper10n Capital, Eureka Trading, Mission Street Ventures, Phyrex..
The new funds will be used to expand AlienSwap’s engineering team, develop innovative liquidity tools and trading products, and increase investment in NFT infrastructure to improve the trading experience for community users.
– DWF Labs invested in the Web3 metacommunity project, Mars4. The amount of investment was not disclosed.
However, it is known that funds from DWF Labs are being used to roll out innovative additions to the Mars4 ecosystem.
The top 20 funds by number of investments from May 1-7:
Number of private funding rounds by category:
There were 14 rounds over the week. Which category invested the most:
NFT – 3;
DeFi – 7;
CeFi – 1;
Social – 1;
Blockchain Infrastructure – 2.