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.