Crypto Deal Flow: May 22–26

Let’s research activity of crypto funds, private investors and crypto startups for last week. Our Radar system detected 34 deals.

Crypto Deal Flow: May 22–26
Crypto Deal Flow: May 22–26
  1. everFinance | $1m | Hashkey Capital, SevenX Ventures, Arweave and others | seed

Cross-chain DeFi platform everFinance completed $1m round with participation from Hashkey Capital, SevenX Ventures, Arweave, Mask Network, DODO Dex, OKEx Blockdream Ventures, D1 Ventures and angels.

2. Qilin | $800k | Continue Capital, Fundamental Labs, Math Foundation and others | seed

Qilin Protocol, a decentralized volatility protocol, has raised $800k in its initial round, funded by Continue Capital, Fundamental Labs, Math Foundation, Multicoin Capital, Yuan Yu Zhou Ventures and other institutions.

3. Polygon | undiscloused sum | Mark Cuban | strategic round

Billionaire investor Mark Cuban has made an investment in Polygon, a layer 2 Ethereum scaling solution.

4. Ime Smart Platform | undiscloused sum | OKEx Blockdream Ventures, Litentry, A2DAO and others | private round

Ime Smart Platform, a Telegram-based messenger with cryptocurrency functionality, has revealed a list of investors: OKEx Blockdream Ventures, Litentry, A2DAO, Phoenix, LVT Capital and others.

5. Pintu | $6m | Pantera Capital, Intudo Ventures, Coinbase Ventures and others | series A round

Pintu, an Indonesia-based cryptocurrency marketplace, has raised a $6m series A funding led by Pantera Capital, Intudo Ventures, and Coinbase Ventures with participation from Blockchain Ventures, Castle Island Ventures, and Alameda Ventures.

6. Lossless | $2.25m | DAO Maker, Master Ventures, X21 and others | private round

Lossless is world’s first crypto hack mitigation tool for trusted and safe DeFi. Project raised $2.25m from DAO Maker, Master Ventures, X21, Magnus Capital, Hacken, Poolz, CyberFi and angels.

7. OneOf | $63m | Bill Tai, Nima Capital’s Suna Said, Sangha Capital and others | seed

Music-focused non-fungible token (NFT) platform (powered by Tezod) OneOf has raised $63m to support its mission to become a more environmentally sustainable marketplace for artists and fans. Participating investors in the impressive seed funding round included environmental activist Bill Tai, Nima Capital’s Suna Said, Sangha Capital, tech investor Jack Herrick and the Tezos Foundation.

8. Chia Network | $61m | Andreessen Horowitz (a16z) and Richmond Global Ventures | series D round

Chia Network, a programmable money platform created by BitTorrent founder Bram Cohen, has raised $61m in Series D funding. Venture capital giants Andreessen Horowitz (a16z) and Richmond Global Ventures led the funding round.

9. Bware Labs | $1.2m | Ascensive Assets, Morningstar Ventures, Moonrock Capital and others | private round

Decentralized API platform developer Bware Labs raised $1.2m from lead investor Ascensive Assets with participation from Morningstar Ventures, Moonrock Capital, The Spartan Group, Genesis Block Ventures, Waterdrip Capital, Vendetta Capital and angels.

10. Solidus Labs | $20m | Evolution Equity Partners, Hanaco Ventures and others | series A round

Solidus Labs, which makes market surveillance tools to flag manipulation across cryptocurrency trading platforms, has raised $20m from lead investors Evolution Equity Partners and Hanaco Ventures with participation from FTX, VC Avon Ventures and angels.

11. Ray Dalio | BTC purchase

Ray Dalio, billionaire, writer and founder of hedge fund Bridgewater, said he has some BTC in conversation at Consensus 2021.

12. HoDooi.com | $4.3m | Morning Star Ventures, Mentha Partners, Hillrise Capital and others | strategic round

HoDooi.com has raised $4.3m from Morning Star Ventures, Mentha Partners, Hillrise Capital, ZBS Capital, AU21 Capital, Swissborg Ventures, Sora Ventures, DuckDAO, and Master Ventures. It bids to become the go-to platform for the rapidly growing market of NFTs.

13. Certora | $7.2m | Electric Capital, A.Capital Ventures, Coinbase Ventures and others | series A round

Certora provides security analysis tools for Smart Contracts. Project raised $7.2m from lead investor Electric Capital with participation from A.Capital Ventures, Coinbase Ventures, CoinFund, Framework Ventures, Hypersphere, Lemniscap, Semantic Ventures, VMware and angels.

14. Picknode | $900k | undiscloused investors | seed, private and public rounds.

Picknode, infrastructure to Polkadot, raised $900k during seed, private and public rounds.

15. FTX | $400m to $1B | series E round

FTX is raising a new round that is said to value the company at $20B. The firm could bring as much as $400m to $1B in fresh capital.

16. HaloDAO | $3.5m | Parataxis Capital, QCP Soteria, Genesis Block and others | seed

HaloDAO, a decentralized platform for stablecoins, raised $3.5m from lead investor Parataxis Capital with participation from QCP Soteria, Genesis Block Ventures, Spartan Group, NGC, CMS Holdings, LedgerPrime, Genblock, Petrock Capital and angels.

17. Saren.io, Greet and Tap Project | undiscloused sum | Stacker Venturess | strategic round

Stacker Ventures made investments in 3 projects: Saren.io (first truly decentralized crypto tracker app), Greet (cross-chain gateway to dApps, DAOs, NFTs and cryptocurrencies) and Tap Project (blockchain&gaming startup).

18. Burency | $18m | undiscloused investors | private round

Crypto exchange Burency received $18m investments from global and local venture funds.

19. dVest | undiscloused sum | Crypto Price Index | acquisition

Crypto Price Index (CPI) is a new innovative way to easily track the top 200 cryptocurrencies by market capitalization. CPI Dev Team, Ltd. has announced the acquisition of the ‘dVest Project’ and the associated portfolio, which includes the dVest.io centralized exchange (CEX), the DeFiVest platform including the dVest and EarnD token projects, plus the dVest decentralized exchange (DEX) and DeFiVest dApps currently in development.

20. SolFarm | undiscloused sum | Solana Foundation | grant

SolFarm, Solana Yield Aggregator, received grant from Solana Foundation.

21. Adamant Capital | undiscloused sum | Blockstream | acquisition

Infrastructure company Blockstream announced the takeover of Adamant Capital, a cryptocurrency fund founded by the famous bitcoin maximalist Tuur Demeester.

22. Glitch | $2m | project support

DeFi blockchain Glitch announces $2m grants program for ecosystem development. The Glitch Grants Program is intended to accelerate network effects and bootstrap a thriving ecosystem of projects by the time mainnet launches.

23. Ark Invest | $19,872,939 | BTC purchase

Ark Invest, a hedge fund focused on innovative developments, has bought $19,872,939 worth of bitcoin according to a filing with the Securities and Exchanges Commission.

24. Vision Hill Group | undiscloused sum | Galaxy Digital | acquisition

Galaxy Digital (TSX: GLXY) acquired Vision Hill Group, a premier investment consultant and asset manager in the digital asset sector that provides sophisticated investors with access to institutional-caliber investment products, data, benchmarks, and analytics for more informed investment decisions.

25. TeraBlock | $2.94m | token sale

TeraBlock, a machine learning crypto exchange with advanced portfolio trade automation tools, has raised $2.94m from its $TBC token IDO on BSCPad.

26. Crypto Flagship Fund LP | $169.551m | new fund

The Standard Crypto Flagship Fund LP has raised $169.551m according to a filing with the Securities and Exchanges Commission. Adam Goldberg, Managing Member and General Partner of Standard Crypto, said the minimum investment was $100k and 61 investors participated.

27. 1confirmation | $125m | new fund

1confirmation, a crypto-focused venture capital firm, has closed a new $125m fund. The fund will be used to invest in early-stage startups in the crypto space as well as cryptocurrencies and NFTs.

28. Cryption Network | $1.1m | Master Ventures, CMS Holdings, GravityX Capital and others | private round

Cryption Network, a user-friendly DeFi platform built for retail users, has completed its latest funding round after raising $1.1m. The project welcomed investment from a slew of well established private investors including Master Ventures, CMS Holdings, GravityX Capital and GenBlock. Additional capital came from Ascensive Assets, X21 Digital, AU21, WaterDrip and angel investors.

29. Airtm | $15m | Stellar | strategic round

The Stellar Development Foundation (SDF), a non-profit organization that supports the development and growth of the Stellar network, has announced a $15m Enterprise Fund investment in Mexico City-based Airtm, a blockchain-based, bank-connected digital wallet & P2P exchange platform that provides USD accounts to consumers and businesses throughout Latin America, and other emerging markets.

30. DFINITY | $223m | project support

The DFINITY Foundation, a not-for-profit organization created to build, promote, and maintain the ‘Internet Computer’ a public computing platform powered by blockchain, announced the launch of the Internet Computer Developer Ecosystem Program to support network development. For this first cohort, a total of CHF 200 million (about $223m) is ready to be deployed to crypto entrepreneurs and developer teams.

31. Realm | $2.25m | Alphabit, NGC, Genesis Block Ventures and others | seed

Realm, a new NFT microverse platform, has closed its first investment round at $2.25m led by Alphabit with strategic investments from NGC, Genesis Block Ventures, LD Capital, Moonrock, and SL2 amongst other funds.

32. Evertas | $5.8m | Morgan Creek Digital, CMT, HashKey and others | seed

Evertas, the world’s first and leading crypto insurance company, has raised nearly $5.8m in seed funding. The funding round was led by Morgan Creek Digital, CMT, HashKey, Wave Partners, RenGen, 4RC, Centrality, Plug ‘n Play, Vy Capital, and a number of individual investors.

33. Ledn | $30m | Kingsway Capital, Alan Howard, Alexis Ohanian and others | series A round

Canadian crypto lender Ledn has raised $30m in Series A funding. The funding brings Ledn’s valuation to $230m. The round was led by London-based investment firm Kingsway Capital, with participation from new investors like British billionaire hedge fund manager Alan Howard, Reddit co-founder Alexis Ohanian, Susquehanna Private Equity Investments, ParaFi Capital, and others.

34. Spring 2021 batch of CoinList Seed projects | undiscloused sum | Coinlist | seed

Coinlist announced Spring 2021 batch of CoinList Seed projects: ImpactMarket (open and decentralized anti-poverty infrastructure that enables any community to deploy mechanisms like Unconditional Basic Income for their beneficiaries), Coinburp (“Coinbase for NFTs”), Dropstab (cryptocurrency market tracker for prices, capitalization, charts, portfolio, analytics), Exponent.ai(decentralized asset management platform), Handle.fi(lobal DeFi FX protocol, allowing users to create and exchange multi-currency stablecoins), Koi (Koi Protocol enables cross-chain applications to scale seamlessly, and provides simple solutions for integrated incentives), Matrix (startup uses gamification to boost monetization and engagement for e-sport teams, creators, and digital brands), MonoX (DEX where project owners can list their tokens without the burden of capital requirements and focus on using funds for building the project instead of providing liquidity), Sarcophagus (autonomous, incentivized dead man’s switch application built on Ethereum and Arweave), Stargaze (decentralized social protocol that integrates universal creator income (UCI), NFTs, and creator coins), Verida (network of personal data owned and controlled by users, incentivizing them to unlock their data stored on centralized platforms), Yolorekt (project enables traders to enter into short-term price prediction on crypto assets like WBTC & ETH while rewarding liquidity providers with in-game fees and $YOLO tokens).

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Tokenomic Researcher and CryptoDealFlow author