Crypto Fundraises August 31st - September 5th

Welcome to the Coinfeeds Weekly Fundraising Report!

In the week of September 4th, we found 3 rounds totaling $10.1 million, excluding those with undisclosed amounts.

Below is a breakdown of the number of companies that fundraised by sector:

DeFi 

Stroom is a liquid staking protocol on the Bitcoin Lightning Network that unlocks additional yields, staking of users' own Bitcoin on the network, where they receive their liquid tokens 1:1 to Bitcoin that can be redeemed anytime. With their novel approaches to Bitcoin staking, Stroom is pushing Lightning Network's adoption further. On August 31st, Stroom raised a Seed round of $3.5 million that was led by Greenfield and followed by Lemniscap, No Limit Holdings, Cogitent Ventures, Mission Street Ventures, SMAPE Capital, and Unicorn Factory Ventures.