Crypto Fundraises for the week of April 19th

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 April 19th, we found 14 rounds totaling $110.37 million.

Here’s a breakdown of amount raised by sector:

L1

Berachain, a novel layer 1 blockchain focused on enabling next-generation liquidity solutions in performant and EVM-based environments based on the Proof of Liquidity consensus mechanism, raised on April 20th a round of $42 million that was led by Polychain Capital, and followed by Hack VC, Tribe Capital, CitizenX, Shima Capital, Robot Ventures, DCF God, Dao5, and many other investors, including individuals. We've featured Berachain on Genesis a few months back.

DeFi

Thetanuts, a structured yield platform where users can invest in a variety of different trading strategies. Most of these strategies involve using options vaults for either covered calls or put selling to generate premiums. Announced on April 24th they had raised a $17 million Institutional round led by Polychain Capital, Hyperchain, and Magnus Fund.