Crypto Fundraises for the week of May 8th

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 8th, we found 12 rounds totaling $61.05 million.

Here’s a breakdown of amount raised by sector:

DeFi

zkLink, builder of unified, highly secure multi-chain trading infrastructure powered by zero-knowledge proofs and zk-SNARKs, with its two main products being an order book decentralized exchange and NFT marketplace that sit on top of rollups and application-specific ZK circuits, announced on May 4th a Strategic round of $10 million that was led by Coinbase Ventures, and followed by Ascensive Assets, SIG DT Investments, BigBrain Holdings, and Efficient Frontier.

Nolus, a Beta-stage Cosmos-based interoperable lending and borrowing platform enabling ownership of up to 3x equity, with features that prevent over-collateralization and risk of liquidation and bring asset ownership to loan markets, raised on May 2nd a Pre-Seed round of $2.5 million from Dorahacks, Everstake Capital, Cogitent Ventures, Token Metrics Ventures, and Autonomy Capital.