Crypto Fundraises | June 11th - June 18th
Welcome to the Coinfeeds Weekly Fundraising Report! We’re back at it this week, having found 12 funding rounds, collectively worth $85.7 million.
Here is the complete, newly published database featuring all of the fundraised companies we’ve found since the launch of this newsletter:
Crypto Startup Fundraises
Below is a breakdown of the number of companies that fundraised by sector:
Infrastructure
Nexus is a platform focused on enabling verifiable computing using zero-knowledge proofs. It offers the Nexus 1.0 zkVM, a highly parallelized and efficient virtual machine for proving any computation written in Rust. On June 11th, Nexus raised a $25 million Series A round led by Lightspeed Venture Partners and Pantera Capital, and followed by Faction, Dragonfly Capital, and Blockchain Builders Fund.
Layer3 is a platform that provides modular identity and attention solutions for an omnichain future. It integrates identity, distribution, and incentive infrastructure to strengthen blockchain ecosystems, enabling users to earn rewards and participate in various networks. Layer3 raised a Series A round of $15 million on June 12th that was led by ParaFi Capital and Greenfield, and followed by Electric Capital, King River Capital, Lattice, Tioga Capital, Amber, and many others.
Codatta is a decentralized data market that enables users to monetize their data securely and efficiently. It leverages blockchain technology to ensure data privacy and transparency, allowing individuals and organizations to share and trade data without intermediaries. On June 12th, Codatta raised a $2.5 million Seed led by OKX Ventures and followed by Comma3 Ventures, Mask Network, Oak Grove Ventures, Paramita Venture, CGV, CatcherVC, Fibo Partners, and others.
Nuffle is a new venture spun out from the NEAR Foundation and Pagoda, founded by the core contributors to the NEAR Data Availability Layer (NEAR DA) and the NEAR Fast Finality Layer (NFFL). Nuffle Labs aims to improve and enhance NEAR's modularity offerings, focusing on developing scalable, cost-effective, and secure blockchain solutions. Nuffle Labs raised a $13 million round on June 13th led by Electric Capital and followed by NEAR Foundation, Lyrik Ventures, Fabric Ventures, Robot Ventures, Canonical Crypto, and many others.
Irys is a provenance layer for Web3 that provides permanent, scalable, and precise data management. It emphasizes strong provenance, pragmatism, trust minimization, and scalability, supporting transactions in 16 major tokens. On June 12th, Irys raised an $8.9 million Strategic round led by Lemniscap and followed by Framework Ventures, Primitive Ventures, Hypersphere Ventures, Permanent Ventures, EV3, and others.
Ava Protocol is an event-driven Eigenlayer AVS that enables autonomous transactions on Ethereum and beyond. It enhances crypto transactions with intelligent automation, privacy through advanced MEV protection, effortless composability, and significant cost savings. Ava Protocol raised on June 12th a $10 million Seed from Electric Capital, Taisu Ventures, Bloccelerate VC, BingX Exchange, and Shima Capital.
DeFi
Wasabi is a decentralized leverage trading protocol that allows users to long, short, and earn on digital assets. It offers peer-to-peer trading of covered options as NFTs. Wasabi raised a $3 million Seed round on June 17th led by Electric Capital and followed by Alliance DAO, Zagabond, DCF God, Spencer Ventures, Memeland, and others.
GenomesDAO is a platform for secure, private, and auditable monetization of genomic data using DeFi and decentralized science (DeSci) principles. It enables users to manage and profit from their genomic data while maintaining privacy and control. GenomesDAO raised a Private round on June 12th that was led by Pantera Capital and Modular Capital.
L2
Zircuit is a modular zk-rollup with AI-enabled security, designed for Ethereum and built on Optimism's Bedrock framework. It provides a secure, scalable environment for dApps with features such as AI-driven transaction monitoring, a secure native bridge, and full EVM compatibility. On June 11th, Zircuit raised a Strategic round that was led by Binance Labs.
DEX
Elys Network is a DeFi Layer 1 Appchain on Cosmos Hub, offering a hybrid DEX with AMM and oracle-based models. It provides margin trading, USDC lending, and ETF-style index pools for risk management. On June 14th, Elys raised a Seed round of $2.5 million from Comma3 Ventures, Cogitent Ventures, and Persistence.
Liquid Restaking
Symbiotic is a permissionless restaking protocol that enables decentralized networks to bootstrap secure and sovereign ecosystems. It offers a capital-efficient system for sourcing node operators and economic security, featuring a modular and flexible architecture. On June 11th, Symbiotic raised a $5.8 million Seed led by Castle Island Ventures, Paradigm, and Cyber Fund.
Web3
Reposwap is a DeFi platform that simplifies token launches and enhances liquidity provision. It features a VC Launchpad, multi-chain integration, optimized routing algorithms, and diverse staking options. RepoSwap raised on June 12th a Seed round led by QCP Capital and followed by ZK Prime Capital and XLink Ventures.