Crypto Fundraises | June 18th - June 25th

Welcome to the Coinfeeds Weekly Fundraising Report! We’re back at it this week, having found 14 funding rounds, collectively worth $87.15 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

Verida is a decentralized data management platform that empowers users to control their personal data using the Verida Wallet. It supports managing crypto assets, NFTs, and zero-knowledge credentials across multiple blockchains like Ethereum, Polygon, and NEAR. On June 21st, Verida raised a $5 million Seed round from O-DE Capital Partners, ChaiTech Ventures, Simurg Labs, Gate Labs, and others.

Particle Network is a modular Layer 1 blockchain designed to facilitate chain abstraction. It aims to enhance blockchain development by providing flexible and scalable solutions for developers, enabling the creation of robust dApps. Particle raised a Series A round of $15 million on June 20th led by The Spartan Group and Gumi Cryptos Capital, and followed by Morningstar Ventures, SevenX, Flow Traders, and HashKey.

Router Protocol is a cross-chain infrastructure platform designed to enable seamless interoperability between blockchains. It offers a suite of tools and APIs that allow developers to build and deploy cross-chain dApps and facilitate asset transfers across different blockchain networks. Router raised on June 19th a a Strategic round from Wintermute Ventures, Woodstock, DeFi Capital, Crypto Banter, Raven, Luganodes, and others.

Gaming

Saltwater Games combines cutting-edge technology, creativity, and innovation to deliver immersive gaming experiences where physical and virtual worlds merge. The company focuses on creating human-centric designs and community-led game development, emphasizing trust, connectivity, and fun. Saltwater raised on June 21st a Seed round of $5.5 million led by Deus X, 4RC, and Primal Capital, and followed by Animoca Brands.

Farworld Labs is developing a Web3 mobile gaming ecosystem that leverages decentralized technologies. It focuses on creating and promoting mobile games within a decentralized platform called Farcade. Farworld raised a $3 million Pre-Seed on June 20th led by Lemniscap and Variant, and followed by Base Ecosystem Fund and Coinbase Ventures.

Web3

Bondex is a leading professional network in the Web3 space, focusing on connecting professionals with opportunities in the decentralized digital economy. The platform offers tools and resources for career development, networking, and job searching within the blockchain and crypto industries. Bondex raised on June 19th $6.5 million via a Public Token Sale that was led by Coinlist, and a a Private $4 million round from Animoca Brands, Morningstar Capital, DEXT Force Ventures, and iAngels.

Data

Zeek is a Web3 task management platform designed to enhance productivity and collaboration. It integrates decentralized technologies to provide a secure, efficient, and transparent environment for managing tasks and projects. Zeek raised on June 20th a Seed round of $3 million from OKX Ventures, Animoca Brands, Mask Network, Arche Fund, Summer Ventures, and others.

DeFi

Infrared is an intent-centric platform designed to simplify Proof-of-Liquidity (PoL) within the Berachain ecosystem. It provides a user-friendly framework for BGT stakers and liquidity providers, enhancing rewards through a straightforward interface and the use of its fee-earning token, $IRED. The company raised on June 24th a Private round led by Binance Labs.

Liquid Staking

Renzo Protocol simplifies liquid restaking on EigenLayer and Symbiotic by providing a user-friendly interface for Ethereum restaking. It offers automated restaking strategies, auto-compounding rewards, and liquid restaking across favorite DeFi projects. The project raised on June 18th a Private $17 million round led by Galaxy and Brevan Howard Digital, and followed by Maven 11, Figment Capital, Protagonist, SevenX Ventures, Bankless Ventures, and others.

DEX

Rango Exchange is a universal cross-chain decentralized exchange (DEX) and bridge aggregator. It enables seamless asset transfers across over 60 blockchains using a single interface. Rango provides smart routing through DEXs, aggregators, and bridges to offer efficient, secure, and low-cost cross-chain swaps. On June 19th, Rango raised a Private round led by Binance Labs.

L2

Sonic is a Layer 2 solution built on Solana, designed for gaming with a focus on speed, scalability, and interoperability. It enables sovereign game economies and supports customized VM-agnostic game engines through its HyperGrid framework. The company raised a $12 million Series A round on June 18th led by Bitkraft Ventures and followed by Galaxy, Interactive, Big Brain Holdings, Sanctor Capital, Sky9 Capital, OKX Ventures, and Mirana Ventures.

Analytics

SoSo Value is a comprehensive financial research platform tailored for cryptocurrency investors. It provides in-depth, curated information on cryptocurrencies and macro-financial data, ensuring credibility and up-to-date insights. SoSoValue raised on June 23rd a $4.15 million Seed round from HongShan, GSR Markets, Alumni Ventures, CoinSummer Labs, and OnePiece Labs.

AI

Allora is a decentralized AI network that leverages collective intelligence to create the best AI models. It employs mechanisms for continuous feedback, learning, and adaptation, ensuring the refinement of its intelligence over time. Allora raised on June 24th a Strategic $3 million round from Archetype, Delphi Ventures, CMS Holdings, ID Theory, and DCF God.