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NOV 27, 2023

Fundraising of the Week: Nov 20-26

by Nova Research, 9iC58vWrjHCbUJE5RHbRS5Atr2GCE4143vfFZZoW3g4x

Discover the latest breakthroughs in cryptocurrency fundraising through Nova Research's Weekly Roundup, spotlighting the period from November 20th to 26t

Exploring the Latest in Crypto Fundraising: Nova Research Weekly Roundup

From November 20th to 26th, the cryptocurrency space witnessed a dynamic showcase of noteworthy fundraising activities. Join us as we delve into the key highlights of the week, unraveling the exciting developments that shaped the crypto fundraising landscape.

Crypto Fundraising Deep-Dive

In the past week alone, the cryptocurrency sector witnessed an impressive total fundraising amount of $148.35 million across 19 projects. These fundraisings exhibited a robust presence across various sectors, with Infrastructure leading the way, closely followed by NFT, after which we can find Analytics, Gaming, DeFi and so on.
Overview of the week
Overview of the week

Spotlight on Projects

Blast
Blast
1. BlastAn EVM-compatible optimistic rollup enhancing yields for users and developers, providing a familiar Ethereum experience. Serving as an Ethereum Layer 2 (L2), Blast introduces native yield for ETH and stablecoins, allowing automatic compounding and additional Blast rewards.
Chain: Ethereum
Category: Infrastructure, L2
Round: Unknown
Funds Raised: $20M
Source🔗
Blur
Blur
2. Blur: A zero-fee NFT marketplace catering to professional NFT traders. Blur empowers the NFT trading community.
Chain: BNB Smart Chian, Ethereum
Category: Marketplace, NFT
Round: Unknown
Funds Raised: $40M
Source🔗
BP-FLAC 
BP-FLAC 
3. BP-FLAC (Blockchain Powered Federated Learning and AI Certification): An innovative project aiming to democratize AI training using blockchain. It creates a scalable platform for global contributions to AI model training, prioritizing exclusive computing power, unlimited aggregation, privacy, fairness, and transparency.
Category: AI, Infrastructure
Round: Seed
Funds Raised: $10M
Source🔗
CoinDesk
CoinDesk
4. CoinDesk: A leading news and information platform focused on the cryptocurrency and blockchain industry. Providing comprehensive coverage and analysis, CoinDesk empowers readers to make informed decisions about their crypto investments.
Category: Content/Media
Round: Unknown
Funds Raised: M&A
Investors: Bullish
Source🔗
  De.Fi
  De.Fi
5. De.Fi: A comprehensive DeFi dashboard combining asset and risk management tools. De.Fi allows users to track wallet information by token, offering price, balance, and USD value details, along with facilitating token exchanges at the best available rates.
Category: Analytics, Data Service, DeFi, Multichain, Stablecoin
Round: M&A
Funds Raised: $5M
Source🔗
Expanso
Expanso
6. Expanso :Expanso developed Bacalhau, an open-source software that stands at the forefront of the industry. Tailored for enhanced cost efficiency in processing extensive datasets within distributed environments, Bacalhau optimizes job management, guarantees secure execution, and accommodates diverse workloads such as machine learning and data analytics. Its capabilities make it an ideal solution for decentralized data processing.
Category: Analytics, Data Service, IOT
Round: Seed 
Funds Raised: $7.5M
Source ğŸ”—
Fence Finance
Fence Finance
7. Fence Finance: a Software as a Service (SaaS) platform that optimizes debt facility operations for businesses and lenders. Through automated processes such as reporting and payments across diverse industries, the platform enhances efficiency, transparency, and regulatory compliance. This enables businesses to concentrate on their core activities while minimizing overhead. With its innovative solution, Fence Finance offers real-time debt information for investors, enhancing decision-making and potentially reducing operational costs for companies by up to 80%..
Category: Audit Data, Service
Round: Pre-Seed 
Funds Raised: $1.97M
Lead Investors: Semantic Ventures
Other InvestorsCrane Earth, Actyus, Mark Ransford
Source🔗
Friend3
Friend3
8. Friend3 is a blockchain-driven social media platform reshaping social influence monetization, allowing direct earnings for creators. Utilizing smart contracts, it facilitates secure transactions, fostering a community-driven ecosystem for creative endeavors and idea sharing.
Chain: BNB Smart Chain, opBNB
Category: DApp, Social Network
Round: Private Sale
Funds Raised: TBD
Lead Investors: BNBSwap Ventures
Source🔗
IntentX
IntentX
9. IntentX: OTC derivatives exchange with the introduction of perpetual futures trading, powered by a state-of-the-art intent-based architecture and advanced technologies such as LayerZero. With a diverse range of 180+ tradable pairs, it implements omnichain deployment, boasts reduced fees, and ensures heightened liquidity, presenting a formidable challenge to both on-chain and centralized solutions.
Chain: Base
Category: DApp, DeFi, Derivatives, DEX
Round: Seed 
Funds Raised: $2.5M
Lead Investors: Magnus Capital 
Source🔗
Ipeakoin
Ipeakoin
10. Ipeakoin: Peakoin stands as a specialized digital banking platform designed for the advertising industry. It simplifies cross-border payments and facilitates fiat-to-crypto conversions. Equipped with features such as virtual cards and payment automation, iPeakoin boosts efficiency, enabling instantaneous transactions between advertisers and publishers. It also offers comprehensive financial solutions tailored to meet the specific needs of businesses operating within the advertising sector.
Category: Payment
Round: Series A
Funds Raised: $10M
Lead Investors: Zhen Fund
Source🔗
Klever
Klever
11. KleverKlever Finance is a user-centric crypto wallet and ecosystem designed to empower individuals in securely navigating the decentralized realm of digital assets. The platform seamlessly integrates with major blockchains, providing straightforward control, exchange, and staking capabilities for a diverse range of cryptocurrencies, NFTs, and tokens. With a strong dedication to security and simplicity, Klever has become a trusted choice for users across all experience levels within the crypto space.
Category: Asset Management, Defi, Wallet
Round: Unknown
Funds Raised: $10M
Lead InvestorsGEM Digital Limited
Source🔗
Magic ID
Magic ID
12. Magic ID: Within the Web3 ecosystem, Magic ID stands as an integrated and secure identity management platform. It grants users the ability to oversee their digital identities, offering organizations a streamlined process for verification and access control. Utilizing blockchain for heightened security and trust, Magic ID tackles the intricate societal issue of digital identity by promoting inclusivity. It aims to create a seamless, user-centric experience within the decentralized digital landscape.
Category: Identity
Round: Pre-Seed 
Funds Raised: $280.23k
Source🔗
Matr1x
Matr1x
13. Matr1x: Matr1x is a competitive first-person shooter (FPS) game designed for mobile, serving as the flagship title in the Matr1x platform. Developed by Matr1x game studio.
Chain: Polygon
Category: Gaming, Marketplace, Metaverse, NFT, P2E
Round: Series A
Funds Raised: $10M
Source🔗
OMTrade
OMTrade
14. OMTrade: a crypto exchange designed for social trading, creatively aligns the interests of traders and followers through innovative features such as same-batch transactions and profit-sharing structures. Introducing a novel role called Promoters, OMTrade simplifies the identification of star traders, allowing them to earn commissions and a portion of followers' profits by promoting their expertise within their communities.
Category: CEX, DApp, Trading
Round: Seed
Funds Raised: $6M
Other InvestorsMeteorite Labs, Incuba Alpha, KSK Fund
Source🔗
Panoptic
Panoptic
15. Panoptic: an oracle-free options protocol, operates perpetually on the Ethereum blockchain. The protocol comprises smart contracts on Ethereum, managing the creation, trading, and market-making of perpetual put and call options. These smart contracts are accessible 24/7, allowing users to engage with the Panoptic protocol directly, eliminating the necessity for intermediaries such as banks, brokerage firms, clearinghouses, market makers, or centralized exchanges.
Chain: Base, Ethereum
Category: DeFi, Derivatives
Round: Seed
Funds Raised: $7M
Source🔗
Poglin
Poglin
16. Poglin: a multi-faceted intellectual property encompassing video games, anime, comics, and merchandise, providing a rich and captivating experience. Established by industry veterans with a proven history of delivering products to a vast gaming audience, Poglin is an innovative game company headquartered in Tokyo and San Francisco, committed to crafting immersive gaming experiences.
Category: Gaming
Round: Unknown
Funds Raised: TBD
Lead Investors: Animoca Brands
Source🔗
Privy
Privy
17. Privy: flexible toolkit for progressive authentication in Web3, enabling users to log in through diverse methods like crypto wallets, email, phone numbers, or social profiles. It facilitates progressive onboarding to improve user conversion rates and offers a unified user object irrespective of the chosen authentication method. Additionally, Privy effectively handles off-chain data, linking real-world information with on-chain addresses without directly handling personal details. This makes it a secure and user-friendly API for Web3 applications.
Category: API, Identity, Infrastructure
Round: Series A
Funds Raised: $18M
Lead Investors: Paradigm 
Source🔗
Saga
Saga
18. Saga: Web3 infrastructure protocol designed to streamline the creation and administration of blockchains, providing developers with customizable and dedicated blockchain solutions. Employing a single-tenant virtual machine architecture, Saga offers a user-friendly platform for the deployment and management of blockchains, catering to a diverse developer audience. Noteworthy features of the protocol include high performance, low and predictable gas fees, automated processes, seamless interoperability, a flexible stack, and elastic scalability.
Saga: Ai, Infrastructure
Round: Seed Round
Funds Raised: $5M
Lead Investors: Placeholder
Source🔗
Vistara
Vistara
19. Vistara: An effortless rollup deployment framework streamlining the creation and oversight of scalable infrastructure. Developers can deploy tailored rollups in less than a minute, promoting efficient composition, testing, iteration, and overall success.
Category: Infrastructure
Round: Pre-Seed 
Funds Raised: TBD
Lead Investors: D1 Ventures, Factor Ventures
Source🔗
20. Zeal: is a self-custody crypto wallet designed for seamless management of Web3 assets across EVM networks and applications. With robust security features, including Safety Checks and Privacy Shield, Zeal ensures user safety by providing transaction previews and safeguarding user information from blockchain node tracking. Users can effortlessly track tokens, DeFi positions, and NFTs, consolidating various functionalities into a single, secure platform.
Category: Wallet
Round: Unknown
Funds Raised: TBD
Source🔗

Stay Updated with Nova Research

Concluding this week's crypto fundraising highlights! For ongoing updates and comprehensive perspectives on the most recent funding rounds, delve into our Crypto Fundraising Data section on the Nova Research website. tay at the forefront of the industry with Nova Research, where we present the latest advancements in the continually evolving realm of crypto fundraising! Nova Research: Unveiling the Secrets of the Web3 Market.
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Comments
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Crypto Alpha
last year
insightful, thank you
Andreas Nicolos
last year
Would be awesome to get a month by month look at total funding and understand if there is growth in $$ coming into the space
1
Andreas Nicolos
last year
Big news with the CoinDesk acquisition!
1