Aug 7, 2020
Crypto Deal Flow: August 6
- Uniswap| $11m | Andreesen Horowitz and others| series A round
Uniswap decentralized exchange raised $ 11m in round A led by Andreessen Horowitz with additional investments from USV, Paradigm, Version One, Variant, Parafi Capital, SV Angel, and A.Capital. Funds are needed by the team to develop Uniswap V3. Uniswap trading volume exceeded $1.5 billion in July.
Source: https://uniswap.org/blog/uniswap-raise/
Uniswap: https://uniswap.org/
2. IDEX| $2.5m | G1 Ventures and others| seed
IDEX Decentralized Exchange raises $2.5m in seed round. The lead investors of the round are G1 Ventures and Borderless Capital, with the participation of additional investors — Collider Ventures and Gnosis. The team is gearing up to launch IDEX 2.0 next month, with development going back to January 2019.
Source: https://www.theblockcrypto.com/post/74153/decentralized-exchange-idex-seed-funding-idex-2-0
IDEX: https://idex.market/
3. StakerDAO| $3m | Borderless Capital and others| series A round
StakerDAO closed round A for $ 3m, funds raised from lead investor Borderless Capital and additional investors Polychain and Lemniscap. The project develops DeFi products in the Algorand ecosystem. Algorand, in my opinion, is very underestimated now, since many STOs will go on it and DeFi is being developed.
Source: https://algorand.foundation/borderless-cap-stakerdao
StakerDAO: https://www.stakerdao.com/
4. Dapper Labs| $12m | NBA players, Coinbase Ventures and others| series A round
Dapper Labs raised $ 12m from NBA players and funds from Coinbase Ventures and BlockTower Capital. Dappes Labs are known for their “cryptokitties”. They are now developing an NBA Top Shot game where the NFT will represent basketball players. This is the seventh round of funding, information on all rounds can be viewed here.
Dapper Labs: https://www.dapperlabs.com/
