Crypto Deal Flow: July 15
- Aave | Framework Ventures and Three Arrows Capital | $3m | tokens
DeFi protocol Aave raised $ 3 million by selling native LEND tokens from the treasury fund. Framework Ventures and Three Arrows Capital are two investors. Aave is ranked 4th in the DeFi ranking with $ 221m of locked funds. DeFi continues to raise funds.
2. Meter | Gate and Blockzone| $700 000 | IEO
Startup Meter, a stablecoin linked to the cost of electricity, raised $ 600,000 through the Gate exchange and $ 100,000 through Blockzone. Trading on the Gate exchange opens tomorrow.
3. Evertas | Morgan Creek and others| $2.8m | seed
Evertas insurance provider raised $ 2.8 million in seed round from Morgan Creek, Plug and Play, Kailash Ventures, RenGen, Vy Capital and Wavemaker Genesis. Earlier, Evertas was called BlockRe. The company is looking to provide cover for both cold storage (where coins are held on devices with no connection to the internet) and hot wallets (which are connected to the web). The target audience is institutional, according to Anderson. This includes insurers and brokers as well as institutional owners of crypto assets, exchanges, custody providers, funds, family offices and high-net-worth individuals.
4. Variant Fund | new fund
A new fund is opening — Variant Fund. The foundation will be led by Jesse Walden, in whose startup Andreessen Horowitz invested in 2017. Variant Fund will focus its investments in cryptocurrency projects, which are owned by the users themselves (he calls them “ownership economy”). Another step towards a more even distribution of resources.
5. Avalanche | $40.2m | TGE
Avalanche today closed a public token sale, the hardcap was $ 40.2 million. Rounds A1 and B closed in 71 minutes, the largest round lasted about 4.5 hours. This is one of the largest public token sales in this year. Crypto Analyst has a decent overview of the project.