Crypto Deal Flow: October 7–12
Our system found 11 crypto deals, let’s research them.
- Propy | $1.2m|Tim Draper, Michael Arrington and Second Century Ventures | private round
There is more information about Propy, which has previously appeared on the Crypto Deal Flow. The project raised $ 1.2m from Tim Draper, Michael Arrington, and Second Century Ventures — NAR’s real estate technology VC fund. The SEC has filed an application for $1.7m round, that is, $500k will be raised in the future.
2. Coinlinked| $5m| STO| series A round
CoinLinked, a commercial platform with social features and tokenomics, is planning an STO and raising $5m. On the site, you can buy goods for cryptocurrency. The social media aspect allows members to earn a cryptocurrency called CoinLinked Coin when they share posts or comment on posts.
3. TaoTao| undisclosed sum| SBI| acquisition
On Wednesday, October 7, the Japanese financial services group SBI announced the acquisition of local crypto exchange TaoTao. This news comes just two days after TaoTao announced ending partnership talks with Binance, on Monday.
4. Unocoin| $5m| Draper Associates, XBTO Ventures and 2020 Venture| series A round
Indian crypto exchange Unocoin is close to completing another $5m round of funding. The lead investor is Draper Associates with the participation of XBTO Ventures and 2020 Venture. The Series A funding round raises Unocoin’s valuation to US$20 million.
5. Boring DAO| $1.45| DeFiance, Hashkey, SNZ, Youbi, Altonomy, Puzzle Ventures, SnapFingers| private round
Boring DAO has raised $1.45m from DeFiance, Hashkey, SNZ, Youbi, Altonomy, Puzzle Ventures, SnapFingers and several miners. The project is transferring assets from other blockchains to Ethereum through the double collateral of the underlying asset. They start with BTC, the Ethereum version will be called bBTC (BoringBTC).
6. Square| $50m | Buys Bitcoin Worth $50 Million
The payments project Square, co-founded by Twitter CEO Jack Dorsey, has invested 1% of its reserves in BTC, which equates to roughly $50m. The news was disseminated to “the entire Internet”. Interestingly, this action even has its own Whitepaper, which describes the purchase process, taking into account the custodian, insurance and accounting.
7. Chainlink| $100k| grant
Chainlink announced a $100k grant for developers who integrate their oracles into new blockchains.
8. Ramp DeFi| $80k| public sale
On August 24, we wrote about the Ramp DeFi project and their $1m private round. The startup has now held a public round for a small allocation of $80k. Participants had to correctly answer the questions of the quiz, as well as confirm their intentions as the holder. Allocation per participant was about $500.
9. DeFiner| $200k| Coinlist| private round
The most popular project on Crypto Deal Flow, DeFiner, announced the completion of a private round on Coinlist, during which $200k was raised, while users pooled about $5.2m for small allocations.
10. Gauntlet Network| $4.3m| Paradigm and others| private round
Gauntlet Network raised $4.3m from lead investor Paradigm featuring First Round, IA, Standard Crypto and Polychain. The project simulates the actions of various participants in a decentralized environment, including predicting the future situation depending on the results of voting in the DAO.
11. MathWallet| $7.8m| Alameda Research and Multicoin Capital| series A round
MathWallet, a cryptocurrency wallet with 1m + users, has raised $ 7.8m from lead investors Alameda Research and Multicoin Capital. The wallet is available as a mobile application, web version, browser extension, and also integrates with hardware devices.
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