Crypto Fundraises November 9th - November 15th

Welcome to the Coinfeeds Weekly Fundraising Report!

In the week of October 14th, we found 12 rounds totaling $73.5 million, excluding those with undisclosed amounts.

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

AI

Ritual, an AI coprocessor for blockchains that enables developers to build AI-powered apps and protocols. Ritual provides an open and sovereign execution layer to seamlessly integrate AI into protocols and enable the monetization and inference of models. They announced on November 8th That they had a $25 million fundraise led by Archetype and followed by Accomplice, and Robot Ventures.

Hardware

Ingonyama, a pioneering semiconductor company focused on Zero Knowledge Proof hardware acceleration. They combine chip design with advanced algorithms to develop the world's first Zero Knowledge Processing Unit (ZPU), enhancing data security and scalability in the cryptography sector. They announced on November 9th That they had raised a $20 million Seed round led by Walden Catalyst and followed by Geometry, Blue Yard Capital, Samsung Next, and Sentinel Global.

Infrastructure

Pimlico, a company providing reliable infrastructure and powerful tools for businesses to integrate Smart Accounts into ERC-4337. Their products enable users to unlock the full power of the ERC-4337 protocol, and to subsidize user minting fees with their verifying and ERC-20 paymasters. They announced on November 7th That they had raised a $4.2 million Seed round led by a16z.

Stackr, an innovative platform that helps developers build web3 applications through micro-rollups, unlocking the potential of rollups for distributed computing applications. Users can write logic with the languages they already know and love, such as Python and JavaScript, to create secure and reliable communication infrastructure. They announced on November 8th That they had raised a $5.5 million Seed round led by Archetype and followed by a16z Crypto Startup School, Lemniscap, Scalar Capital, Anurag Arjun, and more.

DeFi

Pendle Finance, a permissionless yield-trading protocol that enables users to manage and optimize their DeFi yield strategies in. It offers yield tokenization, splitting yield-bearing tokens into principal and yield components for trading via its native AMM. Pendle allows users to execute advanced yield strategies like fixed yield, long yield, and enhanced yield earning, bringing TradFi interest derivative concepts into the DeFi space. They announced on November 9th That they had raised an undisclosed OTC round from The Spartan Group.

Definitive, a non-custodial platform specializing in advanced DeFi yield and on-chain trade execution. It offers users simplified access to sophisticated DeFi strategies, advanced order execution, and reinforced leverage options, all underpinned by real-time monitoring and automation. They announced on November 8th That they had raised a $4.1 million Seed round led by BlockTower Capital and followed by Nascent, Coinbase Ventures, and CMT Digital.

Stablr, the company behind the StablR Euro (EURR), a fully collateralized, euro-backed stablecoin. Integrating blockchain technology, they provide secure and transparent transactions, financial inclusion, and tailored business solutions. StablR's focus is on creating a regulatory compliant Euro ecosystem to facilitate open and unified financial infrastructure. They announced on November 7th That they had raised a $3.5 million Seed round from Deribit, Maven11, Theta Capital, Folkvang, and Blocktech Ventures.

Napier, a DeFi platform integrated with Curve Finance, specializing in yield trading. It offers innovative features like yield tokenization and an Automated Market Maker system, enabling efficient trading of principal and yield tokens and bringing traditional finance interest rate derivatives into the DeFi space. They announced on November 13th That they had raised a $1 million Pre-Seed round from investors including Michael Egorov, MrBlock, Jinwoo Park, Sho Yoshida, Brandon Neal, Edward Mulraney, Fraction Ventures, and more.

NFT

Authentik, a platform that simplifies the purchase of digital collectibles, eliminating the need for cryptocurrency or complex wallet setups. Partnering with familiar e-commerce marketplaces, Authentick offers a secure and straightforward way to buy verified digital collectibles. Their process involves expert verification and a comprehensive scoring system, ensuring quality and authenticity for buyers. They announced on November 8th that they had raised a $4 million Seed round led by Menyala.

Payments

Due, a global payment platform focusing on delivering powerful financial and payment solutions for businesses and individuals to increase access, speed up operations, and reduce fees associated with cross-border transactions. They announced on November 7th that they had raised a $3.3 million Seed round led by Semantic, and Fabric Ventures and followed by BlockTower Capital, Speedinvest, Polymorphic Capital, and Discovery Ventures.

L2

Glacier Network, a Layer 2 rollup network specializing in data composability for web3 protocols. It offers GlacierDB, a modular and scalable solution, facilitating large-scale data handling for DApps. By integrating with platforms like Arweave, BNB Chain, and Filecoin, Glacier empowers developers with seamless data management and storage capabilities. They announced on November 13th That they had raised a $2.9 million Seed round from investors including Foresight Ventures, UOB Venture Management, Signum Capital, and more.

Data

Block Scholes, a premier institutional-grade crypto analytics, data, and research platform. It offers a suite of interactive analytical tools, advanced quantitative models, custom visualization capabilities, and insightful original research. Catering to professional traders, retail market participants, and public sector entities, the platform is regulated by the UK’s Financial Conduct Authority, ensuring reliable and trusted information. They announced on November 10th That they had raised a $3.3 million round led by Record PLC, Investcorp, Saison Capital, CoinSwitch Ventures, and FunFair Ventures.