Crypto Fundraises for the week of April 17th

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.

In the week of April 17th, we found 12 rounds totaling $69.2 million.

Here’s a breakdown of amount raised by sector:

Infrastructure

Intmax, a layer 2 rollup network aimed at the development of ZK systems for hyperscalability and secure transactions that's interoperable, customizable, affordable, and decentralized, announced on April 13 a Seed round of $5 million from Hashkey Capital, Bitscale Capital, SNZ Holding, Dorahacks, Mask Network, Staker Ventures, Pragma Ventures, and many other investors.

Protecc Labs, the project behind a novel simplification layer designed for a broader utilization of NFT technology that's building The Protectorate Protocol, a liquidity generation and routing, and yield aggregation protocol, raised on April 14th a Seed round of $1.5 million led by Dialectic, and followed by Signum Capital, Interlinked Ventures, Side Door Capital, 0xVentures, and many others.