Dates: 11 March 2024 – 17 March 2024 This week’s most impressive capital infusion:
Berachain secured a $69 million investment in its funding round from Brevan Howard Digital and Framework Ventures. Berachain, a DeFi-centric EVM-compatible Layer 1 blockchain constructed on the Cosmos SDK, utilizing Proof of Liquidity Consensus, and set to be EVM compatible, received funding. The project’s objective is to enable users to stake tokens while simultaneously providing liquidity to DeFi protocols. Berachain operates on a tri-token system comprising bera (the native gas token), honey (a native stablecoin), and BGT (the “non-transferrable” Bera Governance Token).
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ClearToken raised $10 million in a Seed funding round from Laser Digital, Nomura, Flow Traders, GSR Markets LTD, LMAX Digital, and Zodia Custody. ClearToken functions as a digital asset trading platform introducing a clearing house to reduce counterparty risk and enhance institutional adoption.
Bluwhale obtained $7 million in a Seed funding round from SBI Holdings, Cardano, Momentum 6 (M6), Primal Capital, NxGen, Ghaf Capital Partners, Spyre Capital, Baselayer Capital, and individual investors. Bluwhale serves as a decentralized AI personalization protocol for blockchains.
mmERCH raised $6.4 million in a Seed funding round from Liberty City Ventures, 6529 Capital, Christie’s, Flamingo, and Red Dao. mmERCH is a blockchain-based fashion startup merging digital and physical fashion through generative design, offering unique garments with corresponding digital twins.
Fjord Foundry received $4.3 million in a Seed funding round from Lemniscap, Mechanism Capital, Zee Prime Capital, NxGen, and Castle Capital. Fjord Foundry operates as a community-focused platform connecting innovative projects with backers, specializing in Liquidity Bootstrapping Pools.
Blockus secured $4 million in a Pre-seed funding round from Maple VC, Altos Ventures, ArkStream Capital, and other investors. Blockus functions as a web3 gaming platform providing compliant wallet-as-a-service, whitelabel NFT marketplace, and fiat and crypto payments for games.
Eyris obtained $3 million in a Pre-seed funding round from Red Cell Partners. Eyris serves as a secure, private blockchain platform enabling decentralized technology adoption with tamper-proof data storage.
Range raised $2.7 million in a Seed funding round from Galileo, Robot Ventures, Volt Capital, Chorus One, Bitscale Capital, Fenbushi Capital, Monoceros Ventures, Reverie, Informal Systems, Caballeros Capital, Kahuna Ventures, Xavier Meegan, Maghnus Mareneck, Luis Cuende, Sawit Trisirisatayawong. Range serves as a security and risk platform tailored for blockchains and rollups, providing enterprise-grade infrastructure to address security concerns across various blockchain ecosystems and bridges.
Ordify obtained $2 million in a Seed funding round from QU Ventures, Oddiyana Ventures, Maven Capital, Seedify, Nabais Capital, Three M Capital, FounderHeads VC, Brilliance Ventures, Gains Associates, Genesis Capital, Autonomy Capital, and ChainGPT. Ordify offers a suite of blockchain products aimed at enhancing investment experiences, including a Launchpad, Bridge, and Wallet. Its focus lies in facilitating growth within the emerging Bitcoin ecosystem while ensuring compatibility with EVM chains like Ethereum, BSC, and Polygon.
TREX20 secured $1 million in a Seed funding round from Moonrock Capital, Marshland Capital, NxGen, and other investors. TREX20 functions as a GameFi platform built on the Bitcoin Protocol, offering multiple games, an NFTFi Marketplace, and a progressive lotto.
R Games secured $500K in a Seed funding round from Oddiyana Ventures, FundLand Capital, QU Ventures, BMW Capital, Ferreum Network, and Labs Group. R Games is a Web3 gaming studio developing a racing game with the aim of revolutionizing gaming through blockchain integration, focusing on play-to-earn mechanics.
Avalon Finance received an undisclosed amount in a Seed funding round from SNZ Holding, Summer Ventures, Spark Digital Capital, Matrixdock, and Web3Port Labs. Avalon Finance operates as a decentralized lending protocol built on Merlin Chain, offering overcollateralized lending, derivatives trading, and an algorithmic stablecoin within a user-controlled and compliant framework.
BitRealms secured an undisclosed amount in a Pre-seed funding round from Comma3 Ventures, BitValue Capital, BIT Asia, Big Brain Holdings, Negentropy Capital, and BSCS. BitRealms operates as an open metaverse social gaming platform within the Bitcoin ecosystem, leveraging Bitcoin’s Layer 2 to offer diverse gaming experiences and social interactions.
SHUI received an undisclosed amount in a Seed funding round from BlockBooster and Conflux Network. SHUI functions as a Liquid Staking Protocol on Conflux, enabling users to earn rewards without locking their CFX tokens.
Munchables secured an undisclosed amount in a Pre-seed funding round from Manifold, Mechanism Capital, Selini Capital, and other investors. Munchables operates as a GameFi universe based on Blast, where players can save Munchables and earn rewards while enjoying various gaming experiences.
Kaskade Finance received an undisclosed amount in a Pre-seed funding round from Marshland Capital, NxGen, Artemis Capital, and other investors. Kaskade Finance operates as a cross-chain incentivization layer and gamified protocol addressing liquidity bootstrapping in DeFi networks.
