Crypto Deal Flow: May 6–11
Let’s research activity of crypto funds, private investors and crypto startups for last week. Our Radar system detected 31 deals.
- 2Crazy | undiscloused sum | Twin Apex Capital, ICO Pantera, MDA Capital and others| private round
2Crazy is a Blockchain-based gaming and live casino platform with a wide range of popular online games. The project revealed the list of investors: Twin Apex Capital, ICO Pantera, Exchange.bitcoin.com, Dark pool, MDA Capital, MXC, Magnus Capital, Stakely, X21, Megala Ventures, block sync, Clouds Capital, Skynet, Orion protocol, Exnetwork Capital, AU21.
2. ParaSwap | $3m | TBlockchain Capital, White Star Capital, DeFi Alliance and others | seed
ParaSwap, a decentralized exchange (DEX) aggregator, has raised $3m in a seed extension round. The round was led by Blockchain Capital, White Star Capital, and DeFi Alliance, with participation from Andre Cronje, founder of Yearn Finance; Michael Egorov, founder of Curve Finance; and Fredrik Haga, founder of Dune Analytics.
3. Hypersign | $1.5m | LD Capital, Rarestone, ExNetwork Capital and others | private round
Hypersign, cross-chain Identity protocol and Whitelisting solution built on Polkadot & Ethereum, closed $1.5m funding round. The round was led by BlockOG and TwinApex Capital who helped rope in major venture firms such as — LD Capital, Rarestone, ExNetwork Capital, Prometeus Labs, Solidity Ventures, AU21 Capital, Drops Ventures, GBIC, Jeco Capital, Moonwhale Ventures, Nabais Capital, NGC, Tokenomik, DGC, and Master Ventures.
4. Upshot | $7.5m | Framework Ventures, CoinFund and Blockchain Capital | series A round
Upshot, a blockchain-based protocol that offers incentives to NFT experts to give their honest opinion, raised $7.5m from Framework Ventures, CoinFund and Blockchain Capital.
5. Stratos | $1.83m | Fundamental Labs, Kenetic Capital, Fenbushi Digital and others | private round
Stratos is the next generation of decentralized Data Mesh that provides scalable, reliable, self-balanced storage, database, and computation network. Project raised $1.83m from Fundamental Labs, Kenetic Capital, Fenbushi Digital, Particle XYZ, Spark Digital Capital, Bixin Ventures, SNZ Holding, DFG Capital, and Nothing Research.
6. PolkaCipher | $2m | undiscloused investors| seed, private rounds
PolkaCipher is a new generation privacy-preserving oracle network based on Polkadot. Project raised $2m in seed and private rounds.
7. Duet | $3m | OmniLAB, DraperDragon, BIT Digital Inc（NASDAQ：BTBT) and others | private round
Duet protocol is a synthetic asset protocol that allows traditional assets to migrate to high-growth crypto-assets. Project raised $3m from OmniLAB, DraperDragon, BIT Digital Inc（NASDAQ：BTBT)，Everest Ventures Group, One Block Capital, Moonwhale Ventures, Dutch Crypto Investors, LD Capital, Zonff Partners, Cabin VC, ArkStream Capital and private investors.
8. Freela | $1.4m | AU21 Capital, Skynet Trading, BSCPad and others | private round
Freela is a first-of-its-kind DeFi powered and self-governing DAO designed to act as a decentralized broad platform for freelancing transactions. Project raised $1.4m from AU21 Capital, Skynet Trading, BSCPad, Polygon, Huobi HECO Chain, Lotus Capital, DAO Capital, Kyros Ventures, Magnus Capital, Part One Capital, Titans Ventures, Three M Capital, Darkpool & Poolz.
9. NEXT | $3m | Jimmy Kimmel and Mark Rober | charity
А virtual benefit co-hosted by American TV star Jimmy Kimmel and NASA engineer-turned-YouTuber Mark Rober raised over $3m in donations to support NEXT for AUTISM, a charity dedicated to addressing the needs of people with autism and their families across the United States.
10. Atato | $1m | Zipmex Asia, global VC firm SOSV, Chinaccelerator and others | seed
Atato develops tailor-made platforms to help companies connect their businesses with blockchain networks. Atato, a digital assets startup based in Thailand, has raised $1m in seed funding in a round led by Zipmex Asia, global VC firm SOSV, Chinaccelerator, and other major angel participants.
11. Simplex | $250m | Nuvei | acquisition
Canadian payments giant Nuvei is reportedly in talks to acquire Simplex, an Israeli cryptocurrency startup, for up to $250m — sending a strong signal that the electronic payments processing industry is pivoting toward digital currencies. The deal between Nuvei and Simplex is expected to be finalized “in the next few days,” according to BlockBeats, a Beijing-based blockchain publication. The deal could be worth between $200m and $250m.
12. Bitso | $250m | Coatue Management LLC, Tiger Global, Pantera Capital and Paradigm | series C round
Bitso, one of the biggest cryptocurrency exchanges in Latam, has reached unicorn status after a funding round that managed to raise $250m with the participation of Coatue Management LLC, Tiger Global, Pantera Capital and Paradigm.
13. Surerasu | undiscloused sum | Cypherpunk Guild | grant
Surerasu received a grant from the Cypherpunk Guild to develop their private Suter Shield solution for the NEAR protocol.
14. AssemblyScript | $42k | NEAR Foundation, WasmBook | grant
AssemblyScript received a $40k grant from the NEAR Foundation and a $2k grant from WasmBook.
15. The Dapp List | $1.77m | CMS Holdings, YBB Foundation, LD Capital and others | private round
The Dapp List, focused on rooting out fraudulent projects, has completed a $1.77m funding round led by CMS Holdings, YBB Foundation, LD Capital, Bitscale Capital, BR Capital, GenBlock, SL2 Capital, Double Peak and angels.
16. DappRadar | $5m |Prosus Ventures, Blockchain.com Ventures, and NordicNinja VC | series A round
DappRadar, a Lithuanian data tracking company for decentralized applications (Dapps), raised $5m in Series A funding. Lead investors in this Series A round were Prosus Ventures, Blockchain.com Ventures, and NordicNinja VC.
17. BAND Royalty | $200k |NFT sale
BAND Royalty, a blockchain-secured NFT network that enables holders to earn crypto from some of the world’s most popular songs, has just concluded the private presale round of its NFT music art BAND NFT Series 1 collectibles to a small selection of NFT collectors that love music. Within days of this announcement, the top three Diamond Album BAND NFTs sold for a combined 60 ETH (currently valued at over $200k).
18. Solana | $100m |Huobi, Gate Labs, NGC Ventures and others | project support
Solana, a censorship-resistant blockchain developing open infrastructures for global adoption, received five investment funds worth $100m in a funding round led by Huobi, Gate Labs, NGC Ventures, HashKey Group, and MATH Global Foundation.
19. Kadena | $50k | project support
Kadena opens a grant program, projects can receive up to $50k to develop their solutions in the Kadena ecosystem.
20. Particle B | $100m | project support
Particle B Accelerator launches the CRO EVM Fund. A $100m fund dedicated to supporting projects building on the Crypto.org EVM Chain. Particle B will grant up to $1m per project to at least 100 projects committing to building applications on Crypto.org Chain.
21. Metis | $4m | Block Dream Fund, DFG, Master Ventures and others | strategic round
Metis is a protocol that addresses Ethereum (ETH) scalability with innovative Layer 2 solutions. The protocol has raised $4m from Block Dream Fund, DFG, Master Ventures, Parsiq, Autonomy Capital and a number of minor supporters.
22. ChainSafe | undiscloused sum | Mina Foundation | grant
ChainSafe have been awarded a grant by the Mina Foundation to build an additional implementation on Mina Protocol to improve the network’s resilience and accessibility. This new implementation will be written in Rust and then compiled into wasm (WebAssembly) to enable in-browser environments.
23. Babel Finance | $40m | Zoo Capital, Sequoia Capital China, Dragonfly Capital and others| series A round
Babel Finance is one of the largest cryptocurrency derivatives traders in the field, with an $8B monthly trading volume, and around 500 institutional clients on the books. Babel Finance has just announced closure of a series A financing round that has secured $40m. High calibre venture capital firms such as Zoo Capital, Sequoia Capital China, Dragonfly Capital, BAI Capital and Bertelsmann, and Tiger Global Management, all participated in the round, together with other investors who have pre-existing investment.
24. Covalent | $10m | 14k investors | public round
Covalent summed up the results of the public token sale on Coinlist: $10m was raised from 14k investors.
25. Gitcoin Grants Round 9 | grant
A small overview of some of the winners (who use Filecoin & IPFS) in Gitcoin Grants Round 9.
26. 21Shares AG | undiscloused sum | Cathie Wood | private round
Cathie Wood, founder and chief executive officer of Ark Investment Management LLC, joined the board of cryptocurrency platform Amun Holdings Ltd. after personally investing in the operator of 21Shares AG, which specializes in exchange-traded products.
27. Smartlink | $3m | undiscloused investors | private, public rounds
Smartlink, builder of a decentralized escrow service on Tezos, announced today it has raised $3m in its private and public token sales.
28. Wilder World | $3m |Spartan Group, DCG, Animoca Brands and others | private round
Wilder World has raised $3m to create a “metaverse” around art that is monetized by NFTs. Spartan Group led the round with participation from blockchain investors including DCG, Animoca Brands, Republic Realm, and Signum Capital.
29. Bullish Global | $300m | Peter Thiel’s Thiel Capital, Founders Fund, Alan Howard and others | strategic round
Block.one, the software company behind the EOSIO open-source software, announced the launch of a newly formed subsidiary, Bullish Global. Operating as an independent entity under the Block.one parent company, Bullish Global is focused on the 2021 planned release of Bullish, a new blockchain-based cryptocurrency exchange designed to combine the performance, user privacy, and compliance offered by central order book technology with the vertically integrated user benefits of decentralized finance (DeFi) market architecture.Bullish Global has been capitalized with over $10B in cash and digital assets following an initial injection by Block.one of $100m, 164,000 BTC, and 20 million EOS, and through the completion of an additional $300m strategic investment round. Among the renowned investors leading the capital raise were Peter Thiel’s Thiel Capital and Founders Fund, Alan Howard, Louis Bacon, Richard Li, Christian Angermayer, Galaxy Digital, and global investment bank Nomura.
30. Brooker Group | $50m | new money
The Brooker Group, a publicly listed financial consultancy based in Thailand, plans to invest nearly $50m in decentralized finance (DeFi) and decentralized application (dApps) projects.
31. Sienna Network | $11.2m | NGC, Inclusion Capital, Lotus Capital and others | private, public rounds
The Sienna Network, a privacy-focused, cross-chain decentralized finance (DeFi) platform, has raised $11.2m in a private and public token sale. Of the total amount, $10m came from long-term investors including NGC, Inclusion Capital, Lotus Capital, FBG, SkyVision Capital and others.
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