Metaverse Fundraising Weekly Summary

Hello! These are the latest updates regarding fundraising activities for blockchain, Metaverse, and technology firms.

May 16th

Metatheory , a new player in the gaming startup arena birthed by DuskBreakers, has raised has successfully raised $24M in a Series A funding round led by Andreessen Horowitz and supported by Pantera Capital and FTX Ventures. Additional backers include Breyer Capital, Merit Circle, Recharge Thematic Ventures, Dragonfly Capital Partners, Daedalus, Sfermion, and Global Coin Research.

May 17th

Zacrey , a protocol for cross-chain transactions on layer 2, has wrapped up its angel investment round, securing a strategic injection of $6M investment from Binance Labs, with leading contributions from Spartan Group and Shima Capital in March 2022.

CyberConnect , operating as a social graph protocol within Web 3, raised $15M in a Series A round. 

has successfully raised funds thanks to major contributions from Animoca Brands and Sky9 Capital. Other notable investors include Delphi Digital, Protocol Labs, IOSG Ventures, Tribe Capital, GGV Capital, Spartan Group, Amber Group, Polygon Studios, and SevenX Ventures.

Certora , specializing in smart contract security, has raised $36M in a Series B round. 

managed to capture attention with a funding boost led by Jump Crypto, alongside participation from Tiger Global, Galaxy Digital, Electric Capital, ACapital, Framework Ventures, CoinFund, Lemniscap, Coinbase, and VMware.

Coinshift , a startup focused on treasury management for Web3, raised $15M. 

also saw significant investment from Tiger Global. Other stakeholders in this round included Sequoia Capital India, Alameda Ventures, Spartan Group, Ethereal Ventures, Polygon Studios, and HashKey Capital.

May 18th

DoraHacks , a Hackathon organizer, has raised $20M was raised in a funding round led by FTX Ventures and Liberty City Ventures, with additional support from Circle Ventures, Gemini Frontier Fund, Sky9 Capital, Crypto.com Capital, and Amber Group.

Pine Protocol , a platform integrating NFT-backed crypto plans, raised secured $1.5M in its seed funding round, led by Sino Global, Amber Group, and Spartan Group. Investors also included Alameda Research, Shima Capital, Impossible Finance, and Gate Ventures.

FreshCut , a new ecosystem designed for short-form gaming content, raised $15M. 

received backing from prominent investors like Galaxy Interactive, Animoca Brands, and Republic Crypto. The funding round also had support from Hashed, SkyVision Capital, Tamarack Global, C2X, and Polygon.

QuestBook , a Web3 funding platform, raised This venture achieved $8.3M in a Series A funding round, primarily led by Lemniscap, with participation from Coinbase Ventures, Alameda Research, Dragonfly, Hashed, Polygon, along with individual contributions from Balaji Srinivasan, Raj Gokal of Solana, Arjun Sethi from Tribe Capital, and Maneesh Sharma from GitHub.

BitKeep , a Web3 wallet, has closed The Series A funding brought in $15M, resulting in a $100M valuation.

Key investors included Dragonfly Capital, KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixport, Bixin Capital, Danhua Capital, Peak Capital, and YM Capital.

Tally Labs , creating a decentralized content ecosystem, has raised $12M in a seed round. 

secured participation from a16z, Dapper Labs, Framework Ventures, and Connect Ventures.

May 19th

Azra Games , a P2E studio, raised The firm raised $15M in a seed funding round orchestrated by Andreessen Horowitz. Other noteworthy participants included NFX, Coinbase Ventures, Play Ventures, and Franklin Templeton.

Saga , a startup focused on Web3 infrastructure,

has attracted $6.5M in its seed funding round with a valuation set at $130M. This round featured investments from Maven 11, Longhash Ventures, Hypersphere, Figment, Polygon Studios, Samsung NEXT, Chorus One, GSR, C2X, CRIT Ventures, Merit Circle, Hustle Fund, Unanimous Capital, Strangelove Ventures, and Tess Ventures. raised Metaverse Fundraising Weekly Update #4

Read related posts:

• Metaverse Fundraising Weekly Update #3
• Metaverse Fundraising Weekly Update #5
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