Crypto Fundraises December 6th - December 13th
Welcome to the Coinfeeds Weekly Fundraising Report!
In the week of December 12th, we found 22 rounds totaling $102.63 million, excluding those with undisclosed amounts.
Below is a breakdown of the number of companies that fundraised by sector:
Infrastructure
Sindri, a cutting-edge platform that revolutionizes ZK DevOps and streamlines the process of accelerated proving infrastructure. With its modernized approach, Sindri offers advanced tools and technologies to enhance efficiency and productivity in the development and deployment of zero-knowledge applications. They announced on December 7th that they had raised a $5 million Seed round led by CoinFund.
CARV, a company which is empowering users with data self-sovereignty and sharing value from data utility in a consent-based, privacy-preserving way. It comprises two main platforms: CARV Protocol, an SSI oracle and data-sharing platform, and CARV Play, an AI-powered super app for social networking and gaming. CARV aims to give users control over their personal data, allowing them to manage, aggregate, and monetize it securely. They announced on December 6th that they had raised a Strategic round from HashKey Capital.
Shadow, a platform that allows users to easily access custom onchain data in minutes. With Shadow, users can save up to 75% on their RPC bill by spinning up a shadow fork with just one click. This fork provides users with faster and cheaper access to deeper onchain data. Users can get the exact data they need from any contract or transaction using gasless shadow events that have full access to the entire state of the chain. Shadow also offers features such as faster and richer indexing, deeper research and analysis, gas and contract size optimization, comprehensive observability, and the ability to write shadow events for any contract. They announced on December 5th that they had raised a $9 million Seed round led by Paradigm.
Rhinestone, a web3 wallet that goes beyond the traditional functions of a wallet. It serves as a personalized sidekick to automate onchain activity and provides a backpack of tools to master the new internet. With modular account abstraction, Rhinestone transforms smart accounts into a permissionless platform for innovation. The Rhinestone Protocol enables portable, secure, and extensible smart accounts, allowing developers to distribute and monetize their modules, and users to discover and install them. Join the waitlist to stay updated on this open, permissionless, and secure modular smart account ecosystem. They announced on December 7th that they had raised a Pre-Seed round from investors including 1kx, Lattice, Heartcore web3, Safe, Calvin Liu, Georgios Vlachos, and Waikit Lau.
Pyth Network, a company which provides price feed oracles and market data for smart contracts. Their real-time price feeds and historical market data are designed for mission-critical systems. Pyth delivers market data for cryptocurrencies, equities, forex, and commodities to over 45 blockchains, with contributions from major market participants. Their data feeds meet the security, accuracy, and reliability standards of DeFi, and are trusted by over 250 applications and 45 blockchains. Pyth sources data directly from major financial institutions, ensuring accuracy and low latency. They announced on December 5th that they had raised a Strategic round from investors including Castle Island Ventures, Multicoin Capital, Wintermute Ventures, Borderless Capital, CMT Digital, Bodhi Ventures, Distributed Global, and Delphi Digital.
QANplatform, a blockchain platform that allows developers and enterprises to build Quantum-resistant smart contracts and Web3 solutions. It offers decentralized, low-cost, fast, secure, scalable, and eco-friendly features. The platform supports multi-language coding, EVM compatibility, and quantum security. QANX Token is the utility token of the platform. They announced on December 6th that they had raised a $15 million Private round led by MBK Holding.
Versatus, a decentralized compute stack that aims to revolutionize the transition from Web2 to Web3 for developers. Their mission is to onboard the first 1 million developers to Web3 by providing a versatile developer experience for smart contracts and general compute. They see themselves as the global development interface for blockchains, similar to how cloud providers' interfaces make data centers valuable. Versatus offers resources for developers to build decentralized applications and become validators, as well as a vibrant community of early adopters. They announced on December 6th that they had raised a $2.3 million Seed round at a $50 million valuation from NGC Ventures, Republic Crypto, and Hyperithm.
DeFi
Brahma, a company which offers a comprehensive on-chain execution and custody environment designed for power users, trading teams, asset managers, and DAOs. It provides advanced features for managing and automating on-chain operations, including delegation of specific tasks, access control, sub-accounts, and policy management. The platform also focuses on automating operations based on specific triggers and optimizes transaction execution for speed and cost. They announced on December 8th that they had raised a $2.5 million Seed+ round led by Greenfield Capital and followed by Safe, Maven 11 Capital, Framework Ventures, and Bitscale Capital.
THENA, a native liquidity layer and automated market maker (AMM) on the BNB Chain, designed to improve the DeFi experience. It introduces a gauge voting system for dynamic farming incentives and features a Bribing Marketplace for emissions control. The platform aims to optimize liquidity allocation and fee generation, building on the foundations of Solidly but with significant enhancements such as a revised emission schedule and a unique referral system. They announced on December 8th that they had raised a $600k Strategic round led by Orbs.
Babylon, a Bitcoin staking protocol that allows bitcoin holders to earn yields from their idle bitcoins in a secure way. It eliminates the need for third-party trust or bridging to other chains, allowing users to lock their bitcoins and gain the rights to validate Proof-of-Stake (PoS) chains and earn yields as a return. The protocol offers fast unbonding and scalable restaking features, providing maximal liquidity and yields for bitcoin stakers. BabylonChain also powers various PoS chains in its growing ecosystem, including Archway, Osmosis, Akash Network, Terra, and more. They announced on December 7th that they had raised a $18 million funding round led by Polychain Capital, and Hack VC and followed by Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, Finality Capital Partners, and more.
SYMMIO, a cutting-edge protocol specializing in the trading of various financial instruments, including cryptocurrencies, commodities, contracts, futures, options, derivatives, perpetuals, bonds, and stocks. The platform stands out by redefining bilateral OTC derivatives through its unique approach of Intent-Based execution, which eliminates the need for order books, virtual AMMs, or pre-locked liquidity. They announced on December 5th that they had raised a $1.1 million OTC round led by 0x_Messi and followed by Ms2 Capital, Gametheorizing, Wangarian, gmoney, IvanBrightly, Pool2Paulie, and Squirrel.
Liquidium, a leading platform for peer-to-peer Bitcoin lending, allowing users to borrow or lend Bitcoin using unique Bitcoin-based assets known as Ordinal Inscriptions as collateral. These Ordinals, stored on the Bitcoin blockchain, are similar to NFTs and can contain various inscriptions. Liquidium ensures secure transactions through Partially Signed Bitcoin Transactions (PSBTs) and Discreet Log Contracts (DLCs). Currently, it supports Xverse Wallet for transactions and offers a variety of collections for lending and borrowing. They announced on December 9th that they had raised a $1.25 million Pre-Seed round from investors including Bitcoin Frontier Fund, Side Door Ventures, Actai Ventures, Sora Ventures, Spicy Capital, and UTXO Management.
Curvance, an advanced omnichain money market platform designed for yield-bearing assets in the DeFi space. It enables users to collateralize, leverage, and enhance assets across various DeFi ecosystems. Prioritizing security, Curvance is set to launch on multiple chains including Ethereum, Arbitrum, Optimism, Polygon ZkEVM, and others. The platform offers isolated lending opportunities, allowing users to leverage liquidity provider positions and LSDs with ease. Curvance is integrated with several prominent DeFi protocols like Alchemix, Convex, and Curve, among others, facilitating efficient vaults for gas-efficient auto-compounding and seamless cross-chain reward distribution. They announced on December 5th that they had raised a $3.6 million Seed round from investors including Offchain Labs, Sandeep Nailwal, Wormhole, Frax DAO, Redacted, Alchemix, 369 Capital, Proof Capital, One Sixty Two, Nayt Technologies, and more.
CEX
GFO-X, the UK's first regulated trading venue dedicated to digital asset derivatives. Authorized and regulated by the UK's Financial Conduct Authority, it offers a secure, institutionally-focused platform for trading and clearing digital asset derivatives. Partnering with major financial institutions and a leading clearing house, LCH SA, GFO-X provides liquidity, risk mitigation, and high-performance technology to meet the needs of large global institutional participants in the evolving digital asset market. They announced on December 11th that they had raised a $20 million Series B round from investors including M&G Investments.
Metaverse
Mocaverse, a unique digital ecosystem where the creative Mocas, divided into five tribes, strive to build a united and flourishing digital world. This imaginative realm focuses on the Open Metaverse, Digital Asset Ownership, and Creator Support. It's a part of Animoca Brands' ecosystem, offering an exclusive membership experience through Moca ID. Mocaverse NFT holders can participate in learning, playing, and building activities, with utilities developed collaboratively by the community. They announced on December 8th that they had raised a $11.88 million Series A+ round led by Animoca Brands and followed by Block1, OKX Ventures, Foresight Ventures, Polygon Ventures, and Dapper Labs.
Music
Sona, a unique music streaming platform designed to offer a fairer system for artists. It challenges the traditional streaming model by integrating free music streaming with a marketplace, aiming to ensure artists receive a more substantial portion of the revenue generated from their music. Sona's mission is to create a more equitable and rewarding music industry, fostering a closer connection between fans, artists, and collectors. They announced on December 8th that they had raised a $6.9 million Seed round from Polybius Capital, Haun Ventures, and Rogue Capital.
Gaming
StarryNift, a platform that merges gaming elements with a comprehensive suite for NFT collectibles, encompassing creation, incubation, auction, and trading. It aims to harness technology to bolster creativity and utilize cryptocurrency to make value appreciation accessible through a DAO model. The platform's vision is centered on providing novel avenues for creators, collectors, and investors to delve into a metaverse that blends Gaming, Art, DeFi, and NFTs. They announced on December 7th that they had raised a Private round from OKX Ventures.
Endless Clouds, a web3 gaming studio building exciting and immersive experiences for players. Some of their titles include Treeverse, and Capsule Heroes. They announced on December 5th that they had raised a $2.5 million Strategic round from investors including Animoca Brands, Sky Mavis, YGG Fund, Faze Clan, Immutable, Pudgy Penguins, Pixelmon, Pixels Online, and Pixel Vault.
Poglin, a creative multimedia project encompassing a detailed universe with unique creatures, set to extend into anime, games, Web3, and merchandise. Its world, Haven, is home to diverse tribes linked by energy sources known as Bastos. A key offering is "Poglin SLAM," a blockchain-based card battle game. They announced on December 8th that they had raised a $3 million Seed round led by Animoca Brands and followed by Infinity Ventures Crypto, FBG, and Big Time Games.
L2
Morph, a consumer blockchain revolution that aims to redefine the Ethereum scaling experience. By combining optimistic rollups and zk technology, Morph addresses blockchain scalability and security, making it ideal for everyday consumer applications. Their decentralized sequencer design and innovative Layer 2 approach promote efficiency and reduce operational costs, ensuring decentralization is a tangible reality. Morph's consensus can be easily verified on Ethereum, and they strive to create a scalable and user-friendly Layer 2 solution for real-world applications. They announced on December 11th that they had raised a Private round from undisclosed investors.
MAP Protocol, a Bitcoin layer-2 solution focused on peer-to-peer cross-chain interoperability. It enhances the Bitcoin network's capabilities by enabling interactions with other public chains in a secure, decentralized manner. The protocol offers development tools for creating cross-chain dApps and promotes interoperability beyond just asset transfers, including on-chain storage and computing. MAP Protocol uses light client and zero-knowledge proof technologies for efficient, trustless transactions, aiming to facilitate a fully interoperable and decentralized Web3 ecosystem. They announced on December 7th that they had raised a Strategic round from Waterdrip Capital.
Dovi, a community-driven Bitcoin Layer2 platform that aims to enhance scalability, reduce fees, and foster a more secure and decentralized financial ecosystem. It offers efficient transaction processing, significantly reduces network fees, and implements a safer consensus mechanism. DOVI also enhances Bitcoin's capabilities by integrating Schnorr Signatures for improved security and supporting multi-asset management, smart contracts, and DeFi applications. It focuses on client-side verification for transaction privacy and off-chain scalability. The roadmap includes short-term goals of launching and building the community, and long-term goals of enhancing and optimizing the platform, expanding the ecosystem, and leading innovation. They announced on December 10th that they had raised an undisclosed Strategic round.