Crypto Deal Flow: May 19–22

Let’s research activity of crypto funds, private investors and crypto startups for last 4 days. Our Radar system detected 15 deals.

Crypto Deal Flow: May 19–22
Crypto Deal Flow: May 19–22
  1. MCDEX | $6m | Delphi Ventures, Alameda Research, Multicoin and others | strategic round

AMM-based decentralized perpetual swap protocol MCDEX has raised a $6m led by Delphi Ventures and Alameda Research. Other participants in this round included Multicoin, Fenbushi Capital, Defiance, Incuba Alpha, D1 Ventures, Defi Alliance, NGC, IOSG, Zeuth, OKEx Blockdream Ventures, Horizon Capital, Bixin Ventures, Digital Renaissance Foundation, Mask Network, Shata Capital, Finlink, Plutus.vc, Magic Ventures, ZBS Capital, and Meltem Demirors.

2. Flux | $10.3m | Distributed Global, Coinbase Ventures, CoinFund and others | seed

DeFi infrastructure firm Flux Protocol, which is built on the NEAR blockchain, raised $10.3m from lead investor Distributed Global with participation from Coinbase Ventures, CoinFund, Uncorrelated Ventures, Figment Capital and others.

3. Cryptocurrencies.AI | $8m | Alameda Research, Alphabit, DFG and others | private round

Cryptocurrencies.AI, a trading platform with centralized and decentralized components powered by Solana blockchain, has raised $8m in a funding round including Alameda Research, Alphabit, DFG, AU21, Master Ventures, Fomocraft Ventures, Protocol Ventures, A195, GBIC and Rarestone Capital.

4. ECO | undiscloused sum | Sean “Diddy” Combs, Kevin Durant, Rich Kleiman’s Thirty Five Ventures and others | strategic round

Payment startup ECO disclosed the list of investors: Sean “Diddy” Combs, Kevin Durant and Rich Kleiman’s Thirty Five Ventures, Carmelo Anthony and Stuart Goldfarb’s Melo7 Tech Partners, Tiffany Haddish, Justin Blau, Larry Fitzgerald, Keisuke Honda, Kelvin Beachum Jr., and the a16z Cultural Leadership Fund to our Eco-system.

5. Scaleswap | $2.5m |Ascensive Assets, Spark Digital, Pluto Digital Assets and others | private round

Scaleswap, a fully decentralized IDO launchpad leveraging layer 2 scaling technology powered by Polygon, has announced a $2.5m fundraise with participation from Ascensive Assets, Spark Digital, Pluto Digital Assets, A195, Magnus Capital, Rarestone Capital, AU21, Momentum 6, X21 Digital, INBlockchain, and other leading blockchain funds.

6. Figure Technologies | $200m |10T Holdings, Morgan Creek Capital Management and others | series D round

Blockchain lending startup Figure Technologies has raised $200m in a Series D funding round that values the company at $3.2B. The investment was led by 10T Holdings and Morgan Creek Capital Management and included contributions from new and existing investors such as Digital Capital Management, DST Global and Digital Currency Group (DCG).

7. BSClaunch | $800k |NGC Capital, AU21 Capital, X21 Digital and others | private round

BSClaunch, innovative investment platform on the Binance Smart Chain, raised $800k from NGC Capital, AU21 Capital, X21 Digital, Exnetwork Capital, Magnus Capital, Blocksync Ventures, CSP DAO Network, Titans Ventures, GD10 Ventures, Sky Ventures, Dutch Crypto Investors, Petrock Capital, Moon Inc, Dorahacks, BSC News, Coinsight Ventures, BTA Ventures, Avstar Capital, Infinity Gainz, SL2 Capital, ICO Pantera, R8 Capital, Gains Associates, Minted Labs, Panda Capital.

8. Vertalo | $5m |Coinbase, Tezos Foundation, Wedbush Capital and others | series D round

Vertalo, an Austin, Texas-based start-up that helps issue and manage digital securities, has raised $5m in funding from investors including U.S. cryptocurrency exchange Coinbase. The Series A funding round closed May 13 and also included participation from the Tezos Foundation, Wedbush Capital and others.

9. Structure | undiscloused sum | NGC Ventures, Bancor Network and Kraken Ventures | seed, private rounds

Structure is a decentralized blockchain-based platform for structured financial products. Project raised funds from NGC Ventures, Bancor Network and Kraken Ventures.

10. KyberDAO| $80m | new fund

KyberDAO is allocated a to-be-minted 42m KNC (about $80m) to distribute as part of the 12 month Kyber Ecosystem Growth Fund.

11. Stacks Foundation | undiscloused sum | Chainlink | grant

Stacks Foundation has received a Chainlink Community Grant to support their ongoing work with the Stacks Accelerator, a mentorship-driven program created to fuel the growth of startups built on the Stacks blockchain.

12. Green World Campaign | undiscloused sum | Chainlink | grant

Chainlink issued Community Grant to the Green World Campaign, an ambitious project that is showcasing how hybrid smart contracts can be leveraged to reverse the effects of climate change.

13. Trade Republic | $900m | Sequoia, TCV, Thrive Capital and others | series C round

Berlin-based neo-broker Trade Republic, which recently branched out into crypto trading, has raised $900m in a Series C round led by Sequoia. The fundraise gives Trade Republic a valuation of over $5B, placing it among Europe’s most valuable fintech firms. TCV and Thrive Capital also participated in the round as new investors in the startup, alongside existing backers Accel, Founders Fund, Creandum and Project A.

14. BIT Limited and Dory Creek LLC | $25m | mining

BIT Limited, a Chinese crypto mining company, has announced that it has entered into a binding investment term sheet with Dory Creek LLC to invest in a crypto mining data center in Texas. Dory Creek LLC is a wholly-owned subsidiary of Bitdeer, Inc. The Chinese company will invest $25m and jointly construct and operate the Texas mining center with Dory Creek LLC. The mining center has a total power capacity of 57.2 megawatts.

15. StartFinance | $1.4m | park Digital Capital, MXC Exchange, AU21 Capitaland others | seed, private rounds

StartFinance (StartFi) has completed its seed and private funding rounds with total amount of $1.4m from Spark Digital Capital, MXC Exchange, AU21 Capital, Gate.io Exchange , x21 Digital, Blocksync Ventures, DFG Group, Youbi Capital, Angelone Capital. StartFi is in the quest to transform the scope of minting and buying non-fungible tokens (NFTs).

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Tokenomic Researcher and CryptoDealFlow author