Crypto Deal Flow: October 29–November 1
Our system detected 11 events/deals in crypto industry during last 4 days, let’s look at them.
- Figment| $2.5m| Bonfire Ventures + FJ Labs, XDL Capital Group, Leminiscap, BKCM | private round
Figment, a staking provider and developer of Web 3 tools, received $2.5m in round two from lead investor Bonfire Ventures with participation of FJ Labs, XDL Capital Group, Leminiscap, BKCM and private investors.
2. Atari| $1m| Bitcoin.com| IEO
3. Stablehouse| $2.18m| Dragonfly Capital, Liberty City Ventures, XBTO Ventures| private round
Stablehouse, a stablecoin exchange with a suite of payable instruments, has raised $2.18m from Dragonfly Capital, Liberty City Ventures, XBTO Ventures and private investors. It turns out some Forex with cryptocurrency technologies, only each currency can be represented by a different issuer.
4. Harvest Finance| $1m| grant
A decentralized protocol Harvest Finance was attacked with $24m damage. Team has announced a $1m grant for “tracking down” the attacker and returning the funds. You can read this thread on Twitter about the attack.
5. MoneyGram| $9.3m| Ripple| strategic round
The money transfer service MoneyGram received $9.3m from Ripple in the third quarter of 2020, in the first and second quarter it received $16.6m and $15.1m, respectively. Back at the start of 2018, MoneyGram became one of the biggest firms to publicly say it was piloting XRP in its remittance services.
6. KingSwap| $20m| Plutus VC, Hashstreet VC, Alpha Sigma Capital, Tradecraft Capital and 7CC| private round
KingSwap, a DEX with fiat gateways + NFT, raised $20m to fund development and liquidity pools. Investors of the round are Plutus VC, Hashstreet VC, Alpha Sigma Capital, Tradecraft Capital and 7CC. The $KING token is already listed on Uniswap.
7. Bounce, DeFiStation, Gitcoin, JustLiquity, Parsiq | undisclosed sum from $100m fund| Binance
Binance has announced 5 more projects that will receive funds from the $100m fund. Funds are received by Bounce (OTC, token sales and NFT), DeFiStation (analytical tools for Binance Smart Chain), Gitcoin (grants platform for blockchain projects), JustLiquity (AMM with the ability to lock liquidity for a period of time), Parsiq (trigger blockchain strategies constructor). Earlier it was already announced about 6 projects that received funds from the Binance fund.
8. RealBlocks| $7m| Crosslink Capital and Ulu Ventures| series A round
Alternative investment platform (tokenized real estate, business, loans and other investment assets) RealBlocks has raised $7m from Crosslink Capital and Ulu Ventures. Interesting fact: the project team estimates the alternative investment market at $14 trillion by 2023.
The Chainlink oracle system and the Agoric smart contract platform will hold a series of DeFi workshops and a hackathon with prizes ranging from $500 to $2500, the event dates are November 6–21, you can apply here.
10. Filecoin Frontier Accelerator | $20k grants and up to $1m funding | Longhash Ventures and Fenbushi Capital
Filecoin Frontier Accelerator is partnering with Longhash Ventures and Fenbushi Capital to launch a new set of projects that can be applied for by November 15th. Winners will receive grants of $20k and the opportunity to receive investments of up to $1m. Teams from all over the world can participate.
11. ETHOnline| hackathon winners
We previously wrote about the ETHOnline hackathon with 274 participants. Now 12 winners have been announced: Liquid L2 (the possibility of lending secured by layer-2 withdrawals), Batua (a stablecoin pegged to the Indian Rupee), Flashbank (flash loans for delegated assets), Stoploss (the ability to limit losses in AMM), Syndicate (organization of chats for holders of certain tokens ), Unite (a tool for distributing tokens), Mindful (tools for implementing portfolio strategies in practice), Protekt Protocol (insurance against losses in a decentralized environment), Croco Finance (analytics of farming), Space-dX (a cryptocurrency game with elements of farming), Erdstall (use Trusted Execution Environments (TEE) to scale Ethereum), DePay (payment aggregator that allows you to pay for the desired service / product with any token on your wallet).
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