Crypto Fundraises Feb 13th - Feb 20th
In the week of Feb 13th - Feb 20th, we found 26 rounds totaling $217 million.
Here’s a breakdown of amount raised by sector:
Nefta - Seed, announced 2023-02-16, A suite of Web3 oriented tools allowing owners of traditional Web2 companies to enter and grow their business in the Web3 space. This includes development tools, custom wallets and marketplaces, and exclusive APIs. Recently raised $5M at a $32.5M valuation in a seed round led by Play Ventures.
Gateway.fm - Seed, announced 2023-02-20, A new startup building decentralized infrastructure for blockchains. They have been working on RPC solutions that allow Web3 companies to reduce their reliance on traditional services such as AWS. Raised a $4.6M seed round led by Lemniscap.
Orb Labs - Seed, announced 2023-02-14, A new blockchain infrastructure company working on building cross-chain messaging protocols as well as omnichain applications for use by both consumers and developers. Their flagship products, EarlyBird and MagicLane are both working on cross-chain messaging. Recently raised a $4.5M seed round led by Bain Capital Crypto.
Taurus, a Swiss digital asset infrastructure company building banking-focused features, efficient custody and tokenization platforms, announced on Feb 14th a Series B round of $65 million led by Credit Suisse and followed by Deutsche Bank, Cedar Mundi Ventures, Investis, Pictet Group, and other investors.
Cysic, a zero-knowledge proof hardware acceleration features builder making advanced ASIC chips for scaling proof generation time, completed a $6 million Seed round on February 17th that was led by Polychain Capital and followed by HashKey, ABCDE, SNZ Holding, and Web3.com.
Million on Mars - Seed, announced 2023-02-17, A Web3 gaming studio working on building on-chain games with traditional playability and entertainment. Their Debut game is a space simulator where players build as if they are colonizing Mars. Focused on the Solana Blockchain. Recently raised a $3.5M seed round led by Great South Gate and Widus Partners. Solana Labs also participated in the round.
Philand - Seed, announced 2023-02-17, An immersive metaverse company who we have previously featured in our Genesis Newsletter. Philand lets users build their own interactive world based on their wallet activity and came out with the popular “Degen Score” feature which acts as a way to view other crypto enthusiasts “Score” based on their activity. Recently raised a $2M seed round led by Chapter One and Delphi Digital.