Crypto Fundraises November 2nd - November 8th

Welcome to the Coinfeeds Weekly Fundraising Report!

In the week of November 7th, we found 9 rounds totaling $25.7 million, excluding those with undisclosed amounts.

Below is a breakdown of the number of companies that fundraised by sector:

Infrastructure

Kana Labs, a company developing user-centric wallets and a Web3 Middleware toolkit to streamline cross-chain interactions. Their platform simplifies the user experience in DeFi and GameFi, connecting multiple blockchain networks seamlessly. Kana Labs' solutions aim to enhance accessibility and efficiency within the decentralized ecosystem. They announced on November 1st That they had raised a $2 million Seed round at an $21 million valuation led from Marblex, Nexus One, Klaytn, and Gate Ventures.

Anapaya, offers a next-generation networking solution using SCION technology to shield business-critical services from DDoS and routing attacks. Their platform enables clients to control data paths for compliance, improve performance through multi-path connections, and ensure secure, reliable internet connectivity for websites and VPN endpoints without relying on the outdated protocols of the traditional internet. They announced on October 31st that they had raised a $1.9 million private round from Mysten Labs.

Toposware, a firm specializing in zero-knowledge proofs, dedicated to enhancing online privacy and security through advanced cryptographic research and the development of the Topos Protocol. This protocol facilitates the creation of secure, interoperable applications and sovereign execution environments, positioning Toposware at the forefront of driving privacy standards in the digital realm. They announced on November 2nd That they had raised a $5 million Seed+ round led by Evolution Equity Partners and followed by Triatomic Capital, K2 Access Fund, and Sandeep Nailwal.

Llama, an innovative on-chain governance framework for smart contracts, designed to streamline decision-making in decentralized systems with granular access controls and robust security mechanisms, enabling protocols to progressively decentralize while maintaining operational efficiency. They announced on November 6th That they had raised a $6 million Seed round led by Founders Fund and Electric Capital and followed by Stani Kulechov, Viktor Bunin, Elad Gil, Sandeep Nailwal, Amplify Partners and more.

AI

Modulus provides a cryptographic solution to ensure the integrity of AI results used in smart contracts, enabling trustless, verifiable AI applications on the blockchain. This technology facilitates accountable and transparent AI services like trustless NFT appraisals. They announced on November 1st That they had raised a $6.3 million funding round led by Variant and 1kx and followed by Floodgate, Inflection, Alliance DAO, Stanford Blockchain, GCR, and Bankless Ventures.

IP

Trips, a cutting-edge digital service that enables creators to protect, manage, and monetize their intellectual property. By minting a TCI (Trips Copyrighted Item), creators can validate their content's originality, access capital by selling partial interests to investors while retaining creative control, and harness their copyrights as financial assets to fuel their creative endeavors and future growth. They announced on November 2nd That they had raised a $2.5 million Pre-Seed round from Shima Capital, Animal Capital, Blackwood Ventures, Serafund, Calligraphy Digital, and Avalanche Blizzard Fund.

Security

Vaas, a RegTech SaaS provider offering a comprehensive transactional monitoring platform that integrates on-chain and off-chain data to shield financial entities from fraudulent activities, money laundering risks, and other regulatory challenges, ensuring robust compliance through real-time analysis and alerts. They announced on October 31st that they had raised a $2 million Pre-Seed round from undisclosed investors.

L2

Intmax, an innovative protocol for Ethereum scaling that accelerates verification times and slashes costs without compromising security, targeting scalability for up to a billion users. Their unique solution employs Zero-Knowledge Proofs for on-chain privacy, ensuring secure, nearly gasless transactions. They announced on November 3rd That they had raised an undisclosed Strategic round from investors invluding LD Capital, GMO AI & Web3, Kx Technology Fund, and Kepple Africa Ventures.

Layer N, a high-performance Layer 2 network for Ethereum, designed to supercharge financial applications with rapid transaction speeds, low costs, and seamless inter-rollup liquidity and communication, all built on Ethereum’s secure foundation. They announced on November 3rd That they had raised an undisclosed Strategic round from BlackPine.