Dates: 08 April 2024 – 14 April 2024. This week’s notable funding rounds according to Coinfactiva.com’s research:
Monad secured an impressive $225 million investment from Paradigm, Coinbase Ventures, Electric Capital, Greenoaks Capital, Castle Island Ventures, and eGirl Capital. Monad represents a fresh proof-of-stake (PoS) Ethereum Virtual Machine (EVM) compatible Layer 1 blockchain, with a mission to enhance the broader Ethereum ecosystem and serve as a decentralized computation platform. Offering throughput that surpasses existing smart contract blockchains by significant margins, Monad supports 10,000 smart contract transactions per second (tps) through innovative enhancements to virtual machine design and Byzantine Fault Tolerant (BFT) consensus mechanisms.
More Read
Auradine secured $80 million in a Series B funding round from StepStone Group, MVP Ventures, Celesta Capital, Mayfield, and Marathon Digital Holdings. Auradine, a technology startup, focuses on pioneering next-generation web infrastructure with the goal of creating scalable, sustainable, and secure solutions for the future of internet infrastructure. By harnessing technologies such as blockchain, AI, and zero-knowledge proofs, Auradine aims to have a profound impact on decentralized applications and play a pivotal role in transforming the global economy.
Mezo garnered $21 million in a Series A funding round from Pantera Capital, Multicoin Capital, Hack VC, Draper Associates, ParaFi Capital, Nascent, Primitive, Asymmetric fund, and DCF God. Mezo operates as a Bitcoin-native chain where users can leverage their Bitcoin holdings to collectively grow wealth. It offers genuine utility and transparent yield for Bitcoin holders, fostering a vibrant economy through features like user asset ownership, EVM compatibility secured by Bitcoin, reliable bridging with tBTC, and a dual staking model for rewards and validation.
Alpen Labs secured $10.6M in a Seed funding round from Ribbit Capital, Castle Island Ventures, Geometry Research, Village Global, Stillmark, Paxos, Robot Ventures, Axiom, John Pfeffer, Ben Davenport, Waikit Lau, Eric Wall.
Bored Slot raised $10M from Plutus VC and LD Capital. Bored Slot, a Spin City project, merges traditional slot gaming with blockchain technology in its Web3 slots gaming venture. Utilizing the $SPC token, it introduces a play-and-mine platform where each spin offers the opportunity to earn digital rewards, incorporating NFTs from prestigious collections for a distinctive gaming experience.
Uplink secured $10M in funding from Framework Ventures, Blockchange Ventures, Stratos Technologies, Outlier Ventures, NxGen, and MSM Fund (Mustard Seed Maze). Uplink is a decentralized network infrastructure striving to democratize internet access by offering distributed and user-operated connectivity. Users and businesses can join as Providers, installing compatible hardware to contribute to the network, earn tokens, and improve coverage and uptime for communities while directly profiting from its usage.
KIKI World secured $7M from Andreessen Horowitz (a16z crypto), Estée Lauder New Incubation Ventures (NIV), Orange DAO, 2 Punks Capital, Advancit Capital, Red Dao, Double Down, and Gmoney. As a pioneering beauty platform, KIKI World empowers users to actively participate in product development by voting on preferred beauty products and earning rewards. By collaborating with favorite creators, KIKI World curates unique, user-driven beauty items, promoting inclusivity and interactivity in beauty creation.
Lumoz (formerly Opside) secured $6M in Series A funding from OKX Ventures (formerly OKEx Blockdream Ventures), Hashkey Capital, KuCoin Ventures, Comma3 Ventures, Kronos Research, Kernel Ventures, and Sandeep Nailwal. As a Modular Compute Layer and ZK-RaaS platform, Lumoz streamlines ZK-Rollup for Web3 developers using a PoW mining mechanism for ZKP arithmetic. Its hybrid consensus mechanism combines PoS and PoW, facilitating the creation of zkEVM application chains and driving broader adoption.
In a Series A round, GPU.Net secured $5.3M from Momentum 6 (M6), Spicy Capital, Exnetwork Capital, Black Dragon, Alex Becker, EllioTrades, Zephyrus Capital, Crypto Banter, and Halvings Capital. GPU.Net is a decentralized infrastructure for on-demand GPUs, fueling progress in generative AI, Web3 metaverses, high-end graphics, and crypto mining.
Sapien secured $5M in a Seed funding round from Primitive, Animoca Brands, Artichoke Capital, Yield Guild Games (YGG).
Tomo obtained $3.5M in a Seed funding round from Polychain Capital*, ConsenSys, Nomad Capital, Symbolic Capital (ex Hyperedge Capital), OKX Ventures (ex OKEx Blockdream Ventures), HTX Ventures (ex Huobi Ventures), KuCoin Ventures, dao5 (daofive).
OpenTrade secured $3.2M in a Seed funding round from a16z Crypto Startup Accelerator (CSX), CMCC Global, Draper Dragon, Ryze Labs, Plassa Capital.
Cove Finance secured $3M in a Pre-seed funding round from Electric Capital*, Accomplice Blockchain, Robot Ventures, Daedalus, Richard Ma, Josh Hannah, Anthony Beaumont, Marc Boiron, Scott Sunarto. Cove Finance simplifies DeFi portfolio management with “Boosties” for increased yield on Yearn vaults and the upcoming cove PROTOCOL. Collaborating with Yearn and refined by Gauntlet, it’s a leading on-chain portfolio manager for DeFi enthusiasts seeking streamlined strategies.
Mayan secured $3M in a Seed funding round from 6th Man Ventures (6MV), Solana Ventures, Borderless Capital, Hash3, Big Brain Holdings, Arrington Capital, Cogitent Ventures, Syndicate by Boogle, Stakeholder Capital (SHV), Cross-Chain Ecosystem Fund, Anatoly Yakovenko, Saeed Badreg, Tristan Yver, 3nes.
Zoth secured $2.5M in a Seed funding round from Blockchain Founders Fund*, Momentum 6 (M6), YAP Capital, Borderless Capital, Mindfulness Capital, Outlier Ventures, Wormhole, Graviton Fund, Orbit Startups, Decubate, Aztlan Capital.
Multisynq raised $2.2M in a Seed funding round from Manifold, Arkn Ventures, PHD Capital, Enigma Fund, AlphaCrypto Capital, Republic Crypto, Gmoney, NaniXBT, 0xLawliette, Hype.eth.
Stream Finance secured $1.5M in a Seed funding round from Polychain Capital.
Eesee raised $100K in a Public sale funding round. Eesee emerges as an inventive gamified marketplace distinguished by its unique raffle system, empowering sellers to creatively vend digital assets while minimizing friction on the buy-side.
Sharpe AI obtained an undisclosed amount in a Seed funding round from Animoca Brands, Genesis Block Ventures Capital (GBV), Morningstar Ventures, Maven Capital, Metabros, Contango Digital Assets, Ape Terminal, AIT Protocol, Ivan on Tech, Owen ‘Hasheur’ Simonin, Pentoshi, Virtual Bacon.
NavyAI also raised an undisclosed amount in a Seed funding round from AlfaDAO, X ventures, Getmoni.
Each of these ventures demonstrates the diverse and dynamic landscape of innovation and investment in the current market.