Crypto Fundraises for the week of March 21st

Welcome to the new 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.

In the week of March 21st, we found 12 rounds totaling $144.55 million.

Here’s a breakdown of amount raised by sector:

Seed

Narwhal Finance, a BSC & Arbitrum-based upcoming leveraged crypto trading platform with social trading features that offers tokenized synthetic TradFi assets as well as crypto, with self-custody, bottomless liquidity and real yields, announced on March 24th a Seed round of $1 million led by Animoca Ventures, and joined by Hailstone Ventures.

Particle Network, a web3 development infrastructure company focused on building high-performance authentication, wallets, NFT access, and node service that promises customers an increase in conversion rates by 64%, announced on March 24th a raise of their Seed round of $7 million from Animoca Brands, Longhash Ventures, GSR Ventures, HashKey, and OP Crypto.