Crypto Deal Flow: April 1–7
Let’s research activity of crypto funds, private investors and crypto startups for first week of April. Our Radar system detected 49 deals.
- Gro | $7.1m | Galaxy Digital, Framework Ventures and others | seed
Gro, a DeFi platform for mainstream users, has raised $7.1m from lead investors Galaxy Digital and Framework Ventures with input from Variant, Northzone, Nascent, a_capital, 3AC and private investors.
2. Enjin | $18.9m | Crypto.com Capital, DFG Group and others | private round
Enjin has raised $18.9m to build a Polkadot-based blockchain network, dubbed Efinity, with a focus on non-fungible tokens or NFTs. Crypto.com Capital, DFG Group, and Hashed Ventures led the funding round, with participation from BlockTower, Blockchain.com Ventures, Fenbushi Capital, Arrington XRP Capital, and several others.
3. Element Finance | $4.4m | a16z, Placeholder and others | private round
Element Finance, a dual token fixed income protocol, raised $4.4m from lead investors Andreessen Horowitz (a16z crypto) and Placeholder with participation from SV Angel, A. Capital, Scalar Capital, and Robot Ventures.
4. BlackRock | new money
BlackRock held $6.5m in CME bitcoin futures earlier this year with an appreciation of $360,000, new SEC filings show.
5. Unmarshal | undiscloused sum | Algorand Foundation | grant
Unmarshal, a blockchain data indexing project, received a grant from the Algorand Foundation.
6. Oasis Foundation and Sperax | $50k | project support
Oasis Foundation partners with Sperax to offer grants of up to $50k support women-led blockchain projects.
7. Mask Network | undiscloused sum | Binance| strategy round
Mask Network integrates decentralized social messaging, borderless payment network, decentralized file storage and sharing, decentralized finance, DAO and NFT to provide a safe and convenient portal for users to jump right into the continent of decentralized finance and then the new world of Web 3.0. Project has received the strategic investment from Binance.
8. Coinbase | undiscloused sum | Acala and Karura| strategy round
The investment arm of Coinbase has announced their support for Acala, the all-in-one DeFi hub of Polkadot. This investment also supports Karura, the DeFi hub of Kusama being built by the Acala team.
9. Equalizer Finance | 27.5m EQZ tokens | RareStone Capital, MoonWhale Capital, Magnus Capital and others| private round
Equalizer Finance, flash lending protocol, sold 27.5m EQZ tokens to RareStone Capital, MoonWhale Capital, Magnus Capital, Master Ventures, Genblock Capital, LD Capital, 18 Ventures, ExNetwork Capital, Orion Capital, NGC Ventures, Blocksync Ventures, AU21 Capital and VYSYN Capital.
10. Greenwood | $2m | Polychain Capital, Blockchain Capital, Robot Ventures and others | seed
Greenwood, a DeFi lending rate optimization protocol, has raised $2m from lead investor Polychain Capital with contributions from Blockchain Capital, Robot Ventures, Divergence Ventures and private investors.
11. Yellow Road | $500k | Genesis Block, AU21, Momentum 6 and others | private round
Yellow Road, an IDO platform on Binance Smart Chain, raised $500k from Genesis Block, AU21, Momentum 6, Phoenix VC, Hybrid Ventures, Titans Ventures, Blocksync ventures and SMO capital.
12. Raze Network | $2.2m | OKEx Block Dream Fund, AU21 Capital, Master Ventures and others| funding rounds
Raze Network, the first Polkadot-based cross-chain privacy protocol announced its initial DEX offering on Bounce, Poolz and DuckStarter (April 12–13). This will be followed by a public distribution sale on Balancer Liquidity Bootstrapping Pool. Trustless decentralized privacy protocol Raze Network successfully raised $2.2m in its seed and private funding rounds. The seed and private funding rounds had participation from prominent blockchain and crypto VC firms including OKEx Block Dream Fund, AU21 Capital, Master Ventures, CMS Holdings, X21, PNYX Ventures, Moonwhale Ventures, Tenzor Capital, Signum Capital, Spark Ventures and others.
13. Egoras | $1.3m | Exnetwork Capital, Blackdragon and others | private round
Egoras microfinance protocol has closed a private funding round, raising $1.3m. The funding was led by Exnetwork Capital and Blackdragon. Other major investors include Three M Capital, Launchpool, Spikefast, QuiverX Capital and Infinity Gainz.
14. Alium.Finance | $2.2m | Jun Capital, Exnetwork Capital, Consensus Labs and others | private round
Alium.Finance, DeFi and NFT ecosystem with AMM across multiple networks, raised $2.2m from Jun Capital, Exnetwork Capital, Consensus Labs, BlockUnify, Cryptomeria Capital, Nova Club and private investors.
15. Coin98 Finance | $4m | Alameda Research | strategy round
Alameda Research, the leading quantitative crypto trading firm behind the top derivatives exchange FTX, has invested $4m in Coin98 Finance. Coin98 Finance, which is the DeFi arm of Coin98, has been building products including Coin98 Wallet, crypto’s first cross-chain browser and mobile wallet that has been able to see significant adoption in Asia.
16. ImToken | $30m | Qiming Venture Partners, IDG Capital, HashKey and others | series B round
ImToken, the blockchain tech startup and crypto wallet developer, announced today it has raised $30m in Series B funding led by Qiming Venture Partners. Participants included returning investor IDG Capital, and new backers Breyer Capital, HashKey, Signum Capital, Longling Capital, SNZ and Liang Xinjun, the co-founder of Fosun International.
17. Zignaly | $3m | Parataxis Capital, Okex’s Block Dream Fund, AscendEX and others | private round
Fintech start-up Zignaly, the crypto industry’s leading emerging social investment platform, is pleased to announce its $3m private sale round. The round is led by Parataxis Capital, an industry leading multi strategy investment firm. Joining Parataxis is a comprehensive list of institutional digital asset investors including Okex’s Block Dream Fund, AscendEX (formerly BitMax.io), Sino Global Capital, LD Capital, LVT Capital, AU21 Capital, Disrupt.com, DAOMaker, GDA Capital, BSCPad, Acheron Trading, Switchain, Kryptos.fund & LedgerPrime.
18. Ember Fund | $5.3m | Richard Jun of BAM.VC, Anthos Capital, Uncorrelated Ventures and Calm Ventures | seed
Ember Fund, a trading app that aims to convert your phone into a crypto hedge fund, has raised a $5.3m seed round. Ember Fund’s seed round was led by Richard Jun of BAM.VC, with participation from Anthos Capital, Uncorrelated Ventures and Calm Ventures.
19. Numerai | $5m | Pantera Capital | strategy round
Numerai, a hedge fund that analyzes large amounts of data with the help of third-party data scientists, has raised $5m from Pantera Capital.
20. BlockSwap Network | $2.5m | ZeePrime Capital and Algorand EU Accelerator | private round
BlockSwap Network is a platform that addresses fixed income products based on decentralized financial protocols. The project raised $2.5m from ZeePrime Capital and Algorand EU Accelerator.
21. Digital Reserve Currency | undiscloused sum | Simoleon | strategy round
Digital Reserve Currency has announced that Simoleon, a hedge fund that specializes in cryptocurrencies and blockchain-related assets (AUM $700m), has invested an undisclosed amount in Digital Reserve Currency (DRC).
22. LatticeX Foundation | $200m | project support
LatticeX Foundation announced a $200m Grants program, offering funding and great support to all projects focusing on the privacy-preserving computation and LatticeX system.
23. Borderless Capital | $10m | new fund
Borderless Capital launches a $10m aNFT.fund to build an NFT ecosystem on the Algorand blockchain.
24. Sound Ventures | $1m | competition
Sound Ventures, a venture capital fund comprising celebrities, musicians and a billionaire, is offering at least $1m for the “most innovative” idea for a nonfungible token.
25. TON Labs | $6m | Runa Capital and RTP Global| private round
TON Labs raises $6m in support of Free TON blockchain. The investment round was led by Runa Capital and RTP Global.
26. CI Global Asset Management | new fund
CI Global Asset Management (CI GAM) is bringing the first Bitcoin mutual fund to the Canadian marketplace, giving investors another convenient way to access one of the biggest players in the digital assets sector.
27. COTI Network | undiscloused sum | cFund | strategy round
cFund, the VC foundation backed by InputOutput HK, reveals the name of its first fund recipient. COTI Network, a DAG-based new-gen payments startup, will be the first blockchain project to receive cFund’s support.
28. UNICEF | $1m | charity
UNICEF, or the United Nations International Children’s Emergency Fund, has accepted what it is calling its “first institutional Bitcoin donation” from Huobi Charity Limited, a sister organization to crypto exchange Huobi Global. The firm will donate a total of $1m between Bitcoin and fiat money.
29. Cryptio | $1.2m | Draper Associates, ConsenSys Ventures, Outlier Ventures and others | seed
Crypto accounting platform Cryptio has raised $1.2m in a seed funding round led by Draper Associates. Other participants in the round included ConsenSys Ventures, Outlier Ventures, and Aave founder Stani Kulechov, among others.
30. Atani | $6.25m | JME Ventures, Encomenda Smart Capital and others | seed
Madrid-based cryptocurrency trading terminal Atani has raked in $6.25m in a seed funding round. The round was backed by JME Ventures, Encomenda Smart Capital, Conexo Ventures, and other participants.
31. ChainSwap | $3m | Alameda Research, Block Dream Fund (OKEx), NGC Ventures and others | strategy round
ChainSwap is a cross-chain asset bridge & application hub for smart chains. ChainSwap allows projects to seamlessly bridge between ETH, BSC and HECO. Project has closed a $3m strategic funding round with participation from Alameda Research, Block Dream Fund (OKEx), NGC Ventures, Spark Digital Capital, Metaconstant Ventures, CMS Holdings, Rarestone Captial, Monday Capital, Continue Capital, SRC Capital, DAO Ventures, Mask network, and Particle.
32. Suterasu | undiscloused sum | Fundamental Labs | strategy round
Suterasu brings the truly layer-2 anonymous transaction solution in Defi, to crypto, and the world. The project got strategic investments from Fundamental Labs.
33. Grayscale | $46.1B | new money
As of April 5, Grayscale funds had $46.1B under management in crypto. Interestingly, there is now a product for the Filecoin cryptocurrency.
34. WorkQuest | $1.16m | Prometeus Labs, Black Dragon, Trust Dao Capital and others | private round
Freelance platform on smart contracts WorkQuest raised $1.16m from Prometeus Labs, Black Dragon, Trust Dao Capital, Chain Ridge Capital, Kyros Ventures, Magnus Capital, Titans Ventures, Matrix Ventures. On April 5, IDO took place on ZeroSwap.
35. Trustworks Global | undiscloused sum | mih.vc and Decrypted Solutions | private round
Trustworks Global, a social app with NFT, has raised investment from mih.vc and Decrypted Solutions.
36. NFT Investments | $12m | IPO
NFT Investments, their firm that invests solely in NFTs, is planning an IPO this year on the Aquis Stock Exchange in London. NFT Investments would raise over $12m before expenses by placing 200 million shares at 5 pence each, and the stock is expected to start trading later this month.
37. Block42 | undiscloused sum | Chainlink | grant
Chainlink awards Block42 company a grant to natively integrate Chainlink on OKExChain. This will enable smart contract developers to build high-throughput DeFi applications directly on OKExChain using Chainlink Price Feeds for high-quality data
38. Octopus Network | $4m | D1 Ventures, SevenX Ventures, Puzzle Ventures and others | seed | strategy round
Octopus Network is a host for Web3.0 applications in the form of independent blockchains, aka appchains. Octopus Network provides leased security, interoperability, infrastructure and many other useful and affordable services to appchains. The project raised $3m from D1 Ventures, SevenX Ventures, Puzzle Ventures, PNYX Capital, Electric Capital, Ascensive Assets, Origin Capital, ZMT Capital, Bixin, Block Dream Fund, Spark Digital, ChainX, Stafi, NGC Ventures. Prior to this seed round, Octopus had received a $1m strategic investment from the NEAR Foundation.
39. ETHA Lend | undiscloused sum | Block Dream Fund | strategy round
ETHA Lend, a protocol for optimizing returns on Ethereum and Polkadot, has received a strategic investment from Block Dream Fund.
40. Draper Goren Holm | $25m | Tezos Foundation | strategy round
Tezos Foundation has officially invested in the LA-based early-stage blockchain fund Draper Goren Holm. It would help Draper Goren Holm incubate and accelerate startups built on the Tezos blockchain. The investment is a piece of a bigger $25m raised by Draper Goren Holm to invest in fintech and blockchain startups around the world.
41. StormX | undiscloused sum | undiscloused investors | strategy round
StormX (earn crypto every time you shop) has officially closed a new funding round.
42. Justin Sun | NFT
Justin Sun, founder of TRON and CEO of BitTorrent, has won the bid for Picasso’s “Femme nue couchée au collier” and Andy Warhol’s “Three self portraits” at the hammer price of $20m & $2m respectively at the 20th Century Art evening auctions at Christie’s in London. In a recent open letter to the community Justin announced his commitment to build a bridge between the traditional and digital art worlds by establishing the JUST NFT Fund. These will be amongst the first works of traditional art ever to be tokenized, and will be launched on the JUST NFT Fund in the weeks to come.
43. OVEX | $4m | Alameda Research | private round
South African crypto prime broker OVEX has raised $4m from Alameda Research. OVEX is looking to raise a further $14m in the near future.
44. Swingby | grant
Swingby is the protocol for inter-blockchain swaps, allowing DeFi users to move assets between blockchains without a trusted party. Swingby has received a grant to bring the Skybridge to Algorand.
45. PAID Network | undiscloused sum | Binance’s DeFi Accelerator Fund | strategy round
PAID Network has announced receiving investment from Binance’s DeFi Accelerator Fund, just weeks after it was hacked.
46. Blockcap | $75m | mining
Blockcap, one of North America’s fastest-growing Bitcoin (BTC) mining companies, has secured sizable investments from some of crypto’s biggest names, setting the stage for significant expansion in the year ahead. Off The Chain Capital and Foundry Digital, a subsidiary of Digital Currency Group, contributed around $75m to Blockcap.
47. Orakuru | undiscloused sum | X21, AU21, Moonwhale Ventures and others | private round
The Orakuru (ora-ku-ru) is Binance smart chain’s community-verified oracle. X21, AU21, Moonwhale Ventures, Genblock Capital, and Lotus Capital are among investors and partners.
48. Refinable | $3m | Binance and Mr. Beast. | private round
Refinable is the first all-in-one NFT marketplace launching on Binance Smart Chain, creating a platform to empower creators, buyers, sellers and decentralized applications. The project raised $3m from Binance and Mr. Beast.
49. Kianite | $1.5m | Spark Digital Capital, x21, Hillrise Capital and others | seed | private round
Kianite has successfully raised $1.5m in seed and private rounds. The fundraising was lead by Spark Digital Capital, followed by other investors, including x21, Hillrise Capital, PrivCode Capital (MXC), Block Dream Fund (OKEx), Candaq, Magnus Capital, Oasis Capital, Titans Ventures and many other strategic backers. Kianite develops community governed crypto exchange traded indexes.
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