Weekly Fundraising Overview for the Metaverse

Here’s your weekly scoop on funding activities in the blockchain, Metaverse, and tech sector.

May 9th

Nyan Heroes , a Play-to-Earn game developed on Solana, closed managed to raise $7.5 million during its strategic funding round, achieving a valuation of $100 million. Investors include Kosmos Ventures, Sino Global Capital, Shima Capital, Petrock Capital, Morningstar Ventures, 32-bit Ventures, CryptoCom, Tess Ventures, Master Ventures, Wave7, Ancient8, Drops Ventures, Andromeda Capital, Salad Ventures, Moonchain Capital, and Snackclub.

May 10th

StarryNift , a Metaverse platform, has raised An impressive $10 million was raised in a pre-A round, primarily led by Susquehanna International Group (SIG). Other notable investors in this round include Binance Labs, BSC Fund, Alameda Research, and GBV Capital.

KuCoin has raised $150 million raised under a funding round valuing the company at $10 billion, spearheaded by Jump Crypto, with Circle Ventures, IDG Capital, and Matrix Partners also in participation.

Jambo , an Africa-focused Web3 app closed In a Series A funding round, $30 million was secured, primarily from Paradigm, which is supported by Pantera Capital, Delphi Ventures, Kingsway Capital, and Gemini Frontier Fund.

Paper , an NFT infrastructure startup, has raised The seed round brought in $9.3 million, primarily driven by Electric Capital and Initialized Capital, with participation from Polygon, FalconX, Long Journey Ventures, ThirdWeb, Night Capital, and founders of notable companies like Plaid, Twitch, Fractal, MagicEden, Eventbrite, Tagomi, and Bison Trails.

May 11th

Chainflip Labs , a decentralized exchange, has raised raised $10 million specifically for its cross-chain decentralized exchange, with backing from Framework Ventures, Blockchain Capital, and Pantera Capital.

Co:Create , an emerging startup focused on NFT infrastructure, has raised successfully raised $25 million in a seed funding round, led by Andreessen Horowitz (a16z), with other contributors including VaynerFund, Packy McCormick’s Not Boring Capital, Amy Wu, and RTFKT.

Highlight , a Web 3 community platform, has raised $11 million was secured, with significant participation from Haun Ventures, 1kx, Polygon Studios, Coinbase Ventures, SciFi VC, A Capital, and Thirty Five Ventures.

Branch , a gaming startup, has raised In another promising round, $12.5 million was amassed in seed funding with contributions from Mechanism Play, TCG Crypto, Dragonfly Capital, Polychain, Coinbase Ventures, Three Arrows Capital, and Polygon Studios.

Moralis , a Web3 development platform, has raised A prominent Series A funding round yielded $40 million, with funders including EQT Ventures, Fabric Ventures, Coinbase Ventures, and Dispersion Capital.

MARA , a centralized crypto exchange raised $23 million was raised from investors including Coinbase Ventures, Alameda Research, Distributed Global, TQ Ventures, Huobi Ventures, KuCoin Labs, Gate, Hashkey, Infinite Ventures, Mechanism, and Woodstock.

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