Dapper Labs launches $725 million fund, Chainalysis closes Series F round with $170 million

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This is a "Fundraising Spotlight" series that summarizes 10 outstanding investments in the past week with basic information and development goals of the project.



Notable deals: Dapper Labs launches 725 million fund, Chainalysis closes Series F round with 170 million, 6th Man Ventures raises 145 million,...

Overview of investment & sponsorship activities in the week of 20

In the TOP 10 famous investments & sponsorship deals in the past week, we have:

  • 2 Blockchain/L2: Dapper Labs (Flow), Aurora
  • 2 Web 3 Gaming projects: Nyan Heroes, Metatheory
  • 1 Venture capital fund: 6th Man Ventures
  • 1 AMM exchange: Chainflip
  • 1 project on data analysis: Chainalysis
  • 1 project in another field: Talos
  • 1 project on asset management: Coinshift
  • 1 metaverse project: Lighthouse

Funds calling for capital

6th Man Ventures raised $145 USD

What is 6th Man Ventures?

6th Man Ventures is a venture capital fund founded by veterans in the field of technology as well as crypto. This investment fund was co-founded by Mike Dudas: CEO of The Block, a website specializing in market data analysis and providing useful information through online articles. The other founder of the Foundation is Serge Kassardjian, CEO of StayTuned Digital. 6th Man Ventures is a Venture Capital Fund, focusing on the crypto market.

The Fund's Limited Partners:

  • Three Arrows Capital (3AC): A hedge fund, founded in 2012 and focused on finding high returns, founded by Su Zhu and Kyle Davies.
  • Animoca Brands: The leader in the blockchain gaming market. As a publisher for big, familiar games on blockchain such as REVV Racing, The Sandbox. Animoca Brands also regularly pours large capital into blockchain entertainment startups.
  • FTX Ventures: The venture capital arm of crypto exchange FTX.
Purpose of Fundraising: The raised capital will be used for the 2nd Fund package of 6th Man Ventures. It is expected that the funding round will be closed with $145 M. Currently, 6th Man Ventures has successfully raised $140 M from investors.


Dapper Labs and $725 USD Fund Package

What is Dapper Labs?

Dapper Labs is a company that specializes in NFTs. Besides famous games created by Dapper Labs such as TopShot, Crypto Kitties or UFC Strike, this company is also the father of blockchain Flow. Flow focuses on Dapps Games (Decentralized Games), collectibles (collectibles) and the applications that interact with them.

Dapper Labs partners this time:

  • a16z: An investment fund founded in 2009 by Marc Andreessen and Ben Horowitz. This is an investment fund operating in Silicon Valley, California and focusing on investing in technology startups, the Fund is also a well-known market maker.
  • Digital Currency Group (DCG): An investment fund founded in 2015 by Barry Silbert with the mission to support and accelerate the development of a new financial system on blockchain, by building and supporting startups. in the field of cryptocurrency and blockchain.
Purpose of the Fund Package: The $725 M Fund Bundle will be dedicated to the Dapper Labs ecosystem and the Flow blockchain. The money in the Fund package will be used to support and encourage gaming or entertainment projects built on Flow.


Projects that already have Tokens

Projects that already have Tokens and still receive additional investment, prove that the project has new products, new segments, and needs more money to develop. This news will greatly affect the nature and price of the token, please refer to it for more investment perspectives.

Aurora (AURORA) and the $90 Fund Package

What is Aurora?

Aurora EVM
- or Ethereum Aurora virtual machine - is an application operating on the NEAR Protocol that provides a scaling solution for dApps on Ethereum to NEAR. The Aurora virtual machine is a smart contract on NEAR Protocol, providing a solution similar to the Layer 2 solution for Ethereum 1.0, making dApps on Ethereum more scalable.

Aurora's partner this time:

  • Proximity Labs: A research and development lab dedicated to the NEAR ecosystem. Proximity is Aurora's main partner in this Funding Bundle release.
Purpose of Fund Bundle: This $90 M Fund Bundle will be used as a reward for builders building on Aurora. The amount in this Fund package is taken from Aurora's DAO Treasury, worth $25 M AURORA, equivalent to $90 M at the moment.


Chainflip (FLIP) raise $10 USD

What is Chainflip?

Chainflip is an AMM -style exchange . This is a cross-chain exchange. Chainflip allows users to directly swap tokens across other blockchains without using any wallets, collateral and especially without a third party. The main aim of the project is to remove all kinds of barriers so that users can easily swap tokens without requiring too much in-depth knowledge of the market.

Famous Funds participating:

  • Framework Ventures: Bringing together a group of technologists, researchers and investors in Crypto, Framework not only searches and invests in Crypto projects but also participates in building products and services to support these networks.
  • Pantera Capital: The famous investment fund led by Dan Morehead. Pantera has invested in more than 80 large and small blockchain companies and 65 seed-stage projects. Pantera has invested in many famous companies and projects such as Circle, Coinbase, Ripple.
Purpose of fundraising: The capital will be used by Chainflip to upgrade and develop infrastructure for the project. It is expected that Chainflip will have an IDO this year.


Nyan Heroes (NYN) raised $7.5 USD

What is Nyan Heroes?

Nyan Heroes
is a play-to-earn title built on Solana. Nyan Heroes is inspired by the famous meme cat Nyan Cat. This is a 3rd person shooter game. Nyan cats will control deadly machines to fight other players. Each machine and weapon will be separate NFTs, users can freely create their own characters.

Famous Funds participating:

  • Kosmos Ventures: One of Australia's largest and most active Investment Funds. This is a multi-stage, multi-sector investment fund with the most focus on digital assets.
  • Shima Capital: An investment fund founded by Yida Gao, a young trader who has made it to the top of Forbes Under 30 in 2020. The fund focuses on investing and supporting projects in the blockchain field with nearly 90 investments.
Purpose of fundraising: The capital will be used by Nyan Heroes to expand human resources for many fields. At the same time develop the gaming community for Nyan Heroes. Currently, Nyan Heroes only has a trailer. Through the trailer, I think this is a very entertaining game with a lot of potential for future development.


Projects without tokens

Projects that do not have a Token and are invested will help the project develop and build the basic foundations of that project.

For the project itself, the supporters in this phase are very meaningful to them, so the list below does not help you in investing, but helps you select potential projects to learn about. first, look for opportunities such as participating in Testnet, IDO,...

Chainalysis raises $170 M in Series F

What is Chainalysis?

Chainalysis is a company specializing in data analytics, operating since 2014. It is a company that provides data and software for government agencies, financial institutions on criminal behavior and money laundering activities through cryptocurrencies. In addition, Chainalysis provides a variety of institutional and risk management software for private companies, including crypto companies.

Famous Funds participating:

  • GIC: A Singapore sovereign wealth fund management company owned by the Government. The Singapore Government Investment Fund was established in 1981 with the aim of increasing the investment of the sovereign fund into assets with higher yields and longer-term investments.
  • Blackstone: The world's leading investment and asset management company. Headquartered in New York, USA. As of 2021, this Company is managing assets totaling up to $880 M.
Purpose of fundraising : The money raised will be used for product innovation and global expansion, based on an existing customer base of 750 corporations in 70 countries.


Talos raises $105 M in Series B

What is Talos?

Talos a platform that provides institutional-grade technology infrastructure that supports the entire lifecycle of digital asset trading and procurement including liquidity sourcing, price discovery, trade execution , payment, lending and borrowing. Talos connects many groups of people such as lenders, borrowers, exchanges, OTC markets,...

Famous Funds participating:

  • a16z: An investment fund founded in 2009 by Marc Andreessen and Ben Horowitz. This is an investment fund operating in Silicon Valley, California and focusing on investing in technology startups, the Fund is also a well-known market maker.
  • General Atlantic: An American growth holding company that provides capital and strategic support to growth companies globally. General Atlantic is headquartered in New York, United States.
  • Citi Group: An American multinational investment bank and financial services corporation headquartered in New York City.
Purpose of Fundraising: This round of funding brought Talos to a valuation of $1.25 B, making it the newest tech unicorn on the market. The capital will be used to expand Talos' markets to Europe and the Asia Pacific region.


Metatheory raises $24 M Series A

What is Metatheory?

Metatheory is a company specializing in building and developing games on Web3 , founded by Kevin Lin, co-founder of the Twitch livestream platform. Metatheory will focus on building and developing quality games with beautiful graphics to optimize the player's experience. Besides developing mere Web3 games, Metatheory also has plans to develop the metaverse . Metatheory's debut product was DuskBreaker.

Famous Funds participating:

  • a16z: An investment fund founded in 2009 by Marc Andreessen and Ben Horowitz. This is an investment fund operating in Silicon Valley, California and focusing on investing in technology startups, the Fund is also a well-known market maker.
  • Pantera Capital: The famous investment fund led by Dan Morehead. Pantera has invested in more than 80 large and small blockchain companies and 65 seed-stage projects. Pantera has invested in many famous companies and projects such as Circle, Coinbase, Ripple.
  • FTX Ventures: The venture capital arm of the FTX exchange.
Purpose of fundraising: The money invested will help Metatheory have a stable source of capital so that it can continue to develop DuskBreaker and research and build more games.


Coinshift raised $15 M Series A

What is Coinshift?

Coinshift is an asset management platform, which works on the infrastructure of Gnosis. Coinshift provides the necessary applications for DAOs or Crypto companies to easily manage the amount of assets in their treasury. Coinshift has a user-friendly interface. Coinshift also includes spending limits, push notifications, swaps, etc.

Famous Funds participating:

  • Tiger Global Management: An American investment company. It mainly focuses on the Internet technology, software, consumer and financial industries.
  • Alameda Research: An investment fund established in October 2017. They manage over $1B in digital assets, with a global scale of operations with the ability to trade on all major exchanges and markets.
Purpose of fundraising: The capital will be used for Coinshift to upgrade the application to version V2. In this V2 version, managers will have more useful features such as managing assets on different blockchains, assigning roles and functions for managers, ..


Lighthouse raised $7 M in seed round

What is Lighthouse?

Lighthouse is a metaverse project. Lighthouse is not creating a metaverse of its own, they are building a system to connect that metaverse. Realizing that many major metaverses on the market like Decentraland or The Sandbox lack connectivity with each other. Lighthouse has created a navigation hub, making it possible for people in the metaverse to find others in any other metaverse.

Famous Funds participating:

  • Accel: American venture capital firm. Accel works with startups in seed, early and growth stage investments. This is also the fund leading this round of funding of Lighthouse.
  • Animoca Brands: The leader in the blockchain gaming market. As a publisher for big, familiar games on blockchain such as REVV Racing, The Sandbox. Animoca Brands also regularly pours large capital into blockchain entertainment startups.
Purpose of raising capital : The capital will be used to continue building and developing Lighthouse.


Conclusion

Above are the TOP 10 outstanding investment deals in the past week. Hopefully, through this article, you will have an overview of the projects that have raised capital during the week.
 

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