Crypto Fundraises | May 28th - June 4th

Welcome to the Coinfeeds Weekly Fundraising Report! We’re back at it this week, having found 19 funding rounds, collectively worth $146.36 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

ARPA Network is a secure computation network tailored for blockchain-adapted cryptography. It enables a decentralized and tamper-proof environment through a threshold BLS signature system, supporting applications like secure wallets and cross-chain bridges. The company raised on May 30th a $6 million Strategic round led by Laser Digital and DeFiance Capital, and followed by Animoca Ventures, Metrics Ventures, ArkStream Capital, and Trinito.

Neynar is a comprehensive development platform that focuses on enhancing the capabilities of the Farcaster ecosystem. It provides a full suite of APIs and SDKs for application development, along with tools like hosted SQL databases and real-time data services. Neynar raised on May 30th a Series A round of $11 million led by Haun Ventures and USV, and followed by Coinbase Ventures and a16z.

Switchboard is a decentralized oracle network that allows developers to create custom data feeds for blockchain applications. It provides a flexible framework for integrating real-world data into smart contracts, supporting a wide range of use cases in DeFi, gaming, and beyond. The project raised a Series A round of $7.5 million on May 28th led by Tribe Capital and RockawayX, and followed by Solana Foundation, MystenLabs, Aptos Foundation, OtterSec, Infstones, Lemniscap, and many others.

Lumoz is a Zero-Knowledge Rollups as a Service (ZK-RaaS) network that features a modular compute layer for launching ZK-rollups. It emphasizes privacy and efficiency in blockchain transactions through zero-knowledge proof (ZKP) mining, supporting developers and miners within its ecosystem. On May 29th, Lumoz raised a Strategic round from IDG Blockchain, Blockchain Coinvestors, Gate Ventures, Summer Ventures, EVG, 7 Up DAO, and Sweep Ventures.

Stripchain is an interoperability protocol designed to enable hyper interoperable applications across different blockchain systems. It focuses on intent-based operations, facilitating chain abstraction to allow seamless integration and interaction between multiple blockchains. The company raised on May 28th a Venture Round of $10 million led by Sora Ventures, and followed by Mechanism Capital, Shima Capital, Hypersphere Ventures, Ascensive Assets, Wave Capital, and Zee Prima Capital.

Marketnode is a multi-asset digital platform powered by DLT that enhances financial market infrastructure in the Asia-Pacific region. It focuses on improving workflow management, operational efficiency, and time to market for various financial services like credit, structured products, and funds. Marketnode raised on May 30th a Series A round led HSBC and followed by Temasek.

Gaming

Supervillain Labs operates as a unique gaming platform that allows users to collect and enhance characters, transforming them into powerful Supervillains. Players can collect villains and sidekicks, upgrading them through a process called Fusion. The company raised on May 29th a $4.5 million Seed round led by Aptos Labs and Intella X, and followed by The Spartan Group, Crit Ventures, Presto Labs, and Planetarium.

Play AI is a decentralized network designed to harness the capabilities of artificial intelligence in the blockchain ecosystem. It focuses on providing developers with tools and infrastructure to integrate AI technologies into various blockchain applications, enhancing automation, data analysis, and decision-making processes. PlayAI raised on May 29th a Seed round of $4.3 million from P2 Ventures, Jump Crypto, Alphawave, Zentry, MH Ventures, and Tykhe Block Ventures.

Trala is a platform that leverages NFT technology to offer a unique collectibles experience with its GACHA of TRALA OG NFTs. It combines elements of gaming and digital art to foster a vibrant community around NFT trading and collection. Trala raised on May 30th a Private $5 million round from Matter Labs, Animoca Brands, and Gate Labs.

Zentry is a platform that integrates a Metagame Layer to merge digital and physical gaming, enhancing player interactions across both realms. It supports a diverse array of gaming activities and economic transactions within its ecosystem through its proprietary currency, ZENT. The company raised on May 30th a Strategic round from The Spartan Group, Longhash Ventures, Synergis Capital, DWF Labs, 9gagaceo, 0xchar, and many others.

Stablecoin

Anzen Finance is a platform that offers USDz, a stablecoin backed by a diversified portfolio of real-world assets. It is designed to integrate seamlessly across different crypto ecosystems, supporting DeFi participation and payments while emphasizing safety, utility, and staking rewards. Anzen raised on May 28th a $4 million Seed round from Mechanism Capital, Circle Ventures, Frax, Arca, Infinity Ventures, Cherubic Ventures, Palm Drive Ventures, M31 Capital, and Kraynos Capital.

DeFi.Money is introducing a new stablecoin aimed at creating a borderless liquidity layer. Leveraging LLAMMA architecture for enhanced scalability and native interoperability, the platform is designed to facilitate a significant shift in the global financial landscape. The company raised a Strategic round on May 28th from Ryan Fang, Wego, C2tP, Winthrope, Mr. Block, curvecap, DCF God, Morningstar Ventures, LayerZero Angels, and many others.

RWA

Fortunafi is a financial platform that specializes in bringing real-world assets onto blockchain, providing liquidity solutions and diverse investment products. It focuses on integrating traditional finance with decentralized technology to enhance investment opportunities and treasury management for crypto-native entities and individual investors. Fortunafi raised on May 29th a $9.51 million round from Shima Capital, Jorda Fish, Manifold, Ari Litan, Austin Green, Scott Lewis, and Evanss6.

L2

Mint is a Layer 2 blockchain tailored for the NFT industry, facilitating the creation, trading, and management of NFTs with a focus on improving scalability and interoperability within the ecosystem. It supports developers through various tools and services, including NFT standards and proposal systems, decentralized storage, and an environmental focus. Mint raised a $5 million Seed round on May 30th froom Jsquare, SNZ Holding, Antalpha Ventures, Mask Network, Predator Capital, GoPlus Security, Whitelist Ventures, and others.

Perpetuals

DuelNow is a competitive platform that allows users to place bets on a variety of sports and events. It offers a user-friendly interface for making wagers, managing bets, and viewing live odds. The platform is designed to cater to both casual and serious bettors, providing a secure and engaging environment for online betting. DuelNow raised on June 1st a Seed round from Charlie Lee, Richard Ma, Billy Markus, Crypto Rand, Mooncat, RR2 Capital, Marc Van Der Chijs, David Wong, and Jonathan Lee.

Energy

Plural Energy is a platform focused on the on-chain financing of climate assets, enabling the development and deployment of renewable energy projects through blockchain technology. It provides tools for secure, transparent, and efficient financing, helping to connect investors with sustainable projects. Plural raised a Pre-Seed round of $2.3 million on May 30th led by Compound and Necessary Ventures, and followed by Maven 11 and Volt Capital.

Payments

Coinflow is a financial platform that facilitates the seamless flow of cryptocurrency and fiat transactions. It aims to simplify payments and exchanges across various currencies by leveraging advanced technology to provide efficient, secure, and user-friendly services. Coinflow raised a $2.25 million Seed on May 28th led by CMT Digital and followed by Reciprocal Ventures, Jump Crypto, DCG, Draper Dragon, Blocktech Ventures, and several individuals.

Liquid Staking

Babylonchain is a Bitcoin staking protocol designed to enable Bitcoin holders to participate in Proof-of-Stake networks while earning yields securely without needing to bridge or wrap their BTC. This innovative approach maintains all activities within the Bitcoin network, enhancing scalability and security. The project raised on May 30th a Private $70 million round led by Paradigm and followed by Polychain Capital, Bullish, HashKey Capital, Mantle Ecosystem, Galaxy, HackVC, ViaBTC Capital, Amber, and others.

Social Platform

OpenSocial is a protocol designed to support the development of SocialFi super apps within Web3. It provides a toolkit that includes various social modules and plugins to help developers save time and effort in creating customized, next-generation social applications. OpenSocial raised a $5 million Seed round on May 28th led by Portal Ventures and SNZ Holding, and followed by EVG, Animoca Brands, Arche Fund, Decima, Moonrock Capital, OKX Ventures, Orange DAO, Summer Ventures, and others.