- The Magic project was able to raise the most funds – $ 52 million
- Two projects did not disclose the amount of investment
- The most active funds this week were NGC Ventures, No Limit Holdings
- They took part in the 4th and 3rd funding rounds respectively
We bring to your attention a fresh weekly selection of 12 projects that attracted investments from various funds last week. Below are details about each of these projects:
– Web3 decentralized credential network, zkMe, announced about the closing of the preliminary seeding for $2 million. Investors were: Circle Venture, Spartan Group, CMS Holdings, Fenbushi Capital, NGC Ventures, Arkstream Capital. With this recent funding, zkMe plans to complete testing and bring customers to the main network within a month. The company announced its first partnership with infrastructure projects, GameFi and DeFi via social media channels.
– Web3 payment infrastructure provider Transak has raised $20 million in funding. 17 investors took part in the Series A funding round, namely: CE Innovation Capital, Animoca Brands, IOSG, The LAO, Sygnum, Signum Capital, Woodstock Fund, and others. With the latest funding, Transak plans to expand its global footprint and strengthen the development of its implementation solutions, in particular by focusing on web3-based gaming and financial applications.
– Singapore-based NFT gaming platform DeGame closed $6.5 million funding round. This round was led by Folius Ventures, Kenetic Capital and A&T Capital, with contributions from NGC Ventures, Hack VC, Hashkey Capital, Avalanche, Golden Bull, Y2Z Ventures, Collingstar Capital, Sfermion, Bixin Ventures, Assembly Partners, FBG Capital, LucidBlue Ventures.
– The first and only platform that allows developers to create NFTs for functional 3D digital content, MetaZone, could to raise $3 million in a seed funding round. The round was co-led by Sfermion, CMT Digital, with participation from IOSG, Infinity Ventures Crypto, Polygon Studios, Tess Ventures, LucidBlue Ventures, MHC Digital Finance. The company uses the raised funds to expand our tokenized application platform, which is a pioneer of META.
Crypto wallet-as-a-service crypto startup Magic has raised $52M in a strategic funding round. PayPal Ventures became the main investor. Volt Capital, Cherubic Ventures, Northzone, KX, Synchrony Ventures also took part in the funding round. Magic simplifies the wallet creation process by allowing customers to quickly set up a new wallet using just their email or one tap via Google. The press release states that the investments raised will be used to expand functionality to include a greater variety of use cases and deeper penetration into the markets of the European Union and the Asia-Pacific region.
– Co-founder of blockchain game studio Illuvium, Kieran Warwick, announcedthat Illuvium has raised an additional $10 million from Framework Ventures through a token sale. Tokens will be locked for two years and will not stake. The funds raised will be used to accelerate the development of Illuvium, as well as to support a distributed group of contributors. The company will soon launch an AAA gaming universe with three games: Illuvium: Zero, Illuvium: Overworld, and Illuvium: Arena.
– OpenEden is a liquid on-chain pool that transfers real assets to Web3, allowing stablecoin holders to make a profit, attracted $5 million investment from UXD Protocol. The company said that the proceeds will be used to buy back $UXP tokens.
– HogwartsLabs, developer of dApps and Appchain and creator of QuestN, closed Series A preliminary round of funding. 14 investors took part in the round, the main ones were: HashGlobal, MatrixPartner, Xin Family and DHVC. Featuring SevenX, Alliance, SKY9, NGC Ventures, EVG, No Limit Holdings, Stratified Capital, Old Fashion Research, North Beta Capital, Puzzle Ventures. The successful $8 million funding round is expected to further accelerate Hogwarts Labs’ product development and team’s global expansion, and the company plans to use the funds to expand QuestN’s business scope.
– Tether, the issuer of the USDT stablecoin, is expanding its footprint in Georgia with an investment in CityPay.io, which has over 600 outlets across the country, including shops, hotels, restaurants and more. With CityPay.io, customers of Wendy’s, Radisson Hotels and more have access to a seamless payment experience. Tether, by investing in a startup, directs its efforts to improve the efficiency and convenience of the payment industry in Georgia.
– Anoma architecture representing a new operating system for decentralized applications informs on the completion of the 3rd round of funding for a total of $25 million. The round was led by CMCC Global fund with the participation of Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, WAGMI, Plassa, Perridon Ventures, Anagram and Factor, as well as more private investors.
– Demox Labs, which aims to create the next generation wallet, collected $4.5 million investment led by HackVC. Also participating in the pre-seed funding round were: Coinbase Ventures, C² Ventures, DCVC, Dialectic Capital, OpenSea Ventures, Amplify, Partners, CRV, Kearny Jackson, Santiago R. Santos, Ryan Selkis
– Ethereum Virtual Machine – Kakarot zkEVM has closed its pre-seed funding round. Investors were venture capital funds StarkWare, LambdaClass and private investors Rand Hindi, Nicolas Bacca, as well as Ethereum co-founder Vitalik Buterin. Kakarot zkEVM uses STARK protocols to verify confirmed transactions and blocks, which ensures transparency and security. With this confirmation, Kakarot inherits the security of Ethereum L1 and provides lower costs.
Top 20 funds by number of investments from May 29 to June 3:
Number of private funding rounds for categories:
There were 16 rounds in a week. In which category did you invest the most?
Blockchain service – 8;
CeFi – 2;
GameFi – 2;
Last week, 16 projects attracted $146.90 million in investments. You can read more about them in our material.