Crypto Fundraises for the week of May 1st
Welcome to the Coinfeeds fundraising report email!
We are separating out companies that have recently raised funds from our weekly scouting email, to bring you a report of the fundraises announced over the last week.
Keeping track of fundraising activity can help identify trends, such as a shift in investor interest towards certain sectors or a slowdown in funding due to market conditions.
In the week of May 1st, we found 13 rounds totaling $108.4 million.
Here’s a breakdown of amount raised by sector:
Tribe3, an Arbitrum-based, gamified, and social NFT futures decentralized exchange with an interactive platform for users to long, short NFT derivatives on leverage, as well as a set of intuitive dashboards, announced on April 26th a new funding round of $2.1 million from Spartan Capital, Newman Capita, Infinity Ventures Crypto, Modular Capital, Blockbuilders, Lapin Digital, and other investors.
DFlow, a decentralized order flow marketplace that brings an open PFOF standard and a place to track transparent, real-time order flow prices, on-chain auctions, and an ecosystem of privacy and UX-focused apps, raised on April 25th a funding round of $5.5 million led by Framework Ventures, and followed by Cumberland DRW, Coinbase Ventures, Wintermute Ventures, Zeeprime, Spartan, and Circle Ventures.