KuCoin raised $150 million, a16z and Pradigm Funds are active

T
Comments: 0Views: 103

tech

Administrator
Bforum play to earn

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



The most prominent deals: KuCoin raised $ 150 million, Zora raised $ 50 million, Fund a16z and Pradigm were active.

Overview of investment & sponsorship activities in the week of 19/2022

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

  • 5 dự án về metaverse, Web3 Gaming: MechaFightClub, LootRush, Cometh, StarryNift, InfiniGods
  • 2 NFT projects: Zora, Co:Create
  • 1 CEX exchange: KuCoin
  • 2 projects in other fields: Cassava Network, Jambo

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.

Cassava Network (CSV) raised $8 USD

What is Cassava Network?

Cassava
is a protocol that specializes in the development of reward tokens for users, which is considered a breakthrough protocol and has the ability to change the perception of African users. Cassava combines the security of blockchain technology with an innovative reward system powered by a decentralized financial market, to create a dedicated ecosystem of rewards for users and developers. project.

Famous Funds participating:

  • Arcanum Capital: Seed stage investment fund. This fund focuses on funding seed projects in the blockchain market. This is a newly established investment fund but has had 41 times of pouring capital, such as Arcana Network, Indi GG or Kudo Money.
  • Coin98 Ventures: Coin98's venture capital arm.
Purpose of fundraising: Funds will be used for the next milestones of Cassava. The immediate future will be to develop the NFT project and get ready for the upcoming NFT launch. At the same time, Cassava will continue to look for more potential partners in the same field.


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,...

KuCoin raised $150 M in Series RED

What is KuCoin?

Kucoin
exchange is a centralized exchange established in 2014. This is one of the CEX representatives from the country of billions of people - China, next to Binance and Huobi. Compared to other exchanges, Kucoin also has full features from Spot trading, derivatives, to many other extra features such as lottery, Staking, etc.

Famous Funds participating:

  • Jump Crypto: Jump Trading Group's crypto-market investment arm. Jump Trading Group is a long-standing investment company, with more than 700 employees in many territories such as the US, China, UK, Singapore, ..
  • Circle Ventures: The venture arm of Circle, creator of the MetaMask wallet and stablecoin USDC.
Purpose of fundraising: KuCoin will use the raised capital to expand and develop the product. Bring more new projects in different fields to the KuCoin ecosystem through KuCoin Labs or KuCoin Ventures.


Zora raised capital $50 EMA

What is Zora?

Zora is an NFT exchange where to buy, sell, exchange and create NFTs. Unlike other NFT exchanges, Zora has the infrastructure for users to create NFTs, even an entire NFT Collection. Zora is where the historic first round in the NFT market was Doge NFT ($4 M), TikTok NFT ($6 M).

Famous Funds participating:

  • Haun Ventures: Venture capital fund, founded by Kathryn Haun. She is the founder of Haun Ventures, sits on the board of Coinbase, OpenSea, autograph. Previously taught in the field of business at Stanford University and worked as a General Partner at a16z Foundation.
  • Coinbase Ventures: The investment arm of cryptocurrency exchange Coinbase.
Purpose of fundraising: The capital will be used to build and develop the infrastructure for its NFT exchange. Zora is expected to launch ZoraDAO soon.


Irreverent Labs - MechaFightClub raises $40 M Series A round

What are Irreverent Labs and MechaFightClub?

Irreverent Labs is a research and development lab in the field of blockchain gaming. With a professional team and background from big technology companies. Currently Irreverent Labs is developing a game called MechaFightClub. This is a fighting game, each Mechabot will be a separate NFT.

Famous Funds participating:

  • Andreessen Horowitz (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.
  • Solana Ventures: Solana's venture capital arm.
  • The Chainsmokers: A famous group with 2 members, composing a series of hit songs like Closer, Paris,...
Purpose of fundraising: The capital will be used by Irreverent Labs to develop and perfect the game MechaFightClub.


Jambo raised $30 M in Series A

What is Jambo?

Jambo is a Web 3.0
super app specifically for the African market. The application was created with the aim of popularizing Web 3.0 to the people of Africa, Jambo also serves as a bridge between the continents. Currently, Jambo has been present in 15 countries in the territory of Africa. Over the past week, Jambo has announced a successful $30 M round in a Series A round.

Famous Funds participating:

  • Paradigm: An investment fund focused on supporting cryptocurrency projects, founded by Fred Ehrsam and Matt Huang The fund's investment method is flexible, long-term investment, multi-stage investment.
  • Pantera Capital: A popular investment fund led by Dan Morehead, Pantera has invested in more than 80 large and small blockchain companies and 65 seed-stage projects.
Purpose of Fundraising: With the new capital raised from the Series A round. Jambo is expected to double its human resources in Africa. Expand the project to more than 15 other cities, with the goal of reaching 200K users. At the same time, the capital will also be used to recruit professional developers for Jambo.


Co:Create raised $25 M seed round

What is Co:Create?

Co:Create is a toolkit for NFT. Co:Create provides the necessary infrastructure and tools for developers to unlock more potential for NFT. Especially the PFP-shaped NFTs, i.e. pure image format. Co:Create can turn them into a project with governance tokens, DAOs or more, similar to Yuga Labs' APE COIN.

Famous Funds participating:

  • Andreessen Horowitz (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.
  • Amy Wu: CEO of FTX Ventures.
  • RTFKT: The famous NFT project, has cooperated with many big names like Nike, Murakami or Epic Games.
Purpose of fundraising: Currently, the new Co:Create is in the seed stage. The capital will be used for Co:Create to continue building and developing products.


LootRush raises $12 M seed round

What is LootRush?

LootRush is a platform that connects blockchain games on the market. This is the first platform that has eliminated the barriers between Web3 Gaming and users. LootRush helps users to skip unnecessary waiting time when connecting to any game. It can be said that LootRush is quite similar to the Steam Client in traditional gaming.

Famous Funds participating:

  • Andreessen Horowitz (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.
  • Paradigm: An investment fund focused on supporting cryptocurrency projects, founded by Fred Ehrsam and Matt Huang The fund's investment method is flexible, long-term investment, multi-stage investment.
Purpose of fundraising: The funds will be used to develop and perfect the infrastructure for LootRush, providing users with the most complete and time-saving Web3 Gaming platform.


Cometh raise capital $10 US

What is Cometh?

Cometh is a play-to-earn trading card game. Inspired by the fantasy universe with warships in the form of NFT. Players will compete solo against each other using the power of cards. This card will be collected through completing tasks in the game, or trading, trading with other players. Over the past week, Cometh successfully raised $10 M.

Famous Funds participating:

  • White Star Capital : A global investment firm, focused on investing in the technology sector, with a strong and multiracial staff. Founded by Eric Martineau-Fortin and Jean-Francois Marcoux, two Canadian entrepreneurs.
  • 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 to continue building and developing Cometh. In the near future, Cometh will have cooperation with some big ones in the field of blockchain gaming.


StarryNift raises $10 M Series A round of funding

What is StarryNift?

StarryNift
is a gaming ecosystem, metaverse, NFT, .. The main product of StarryNift is the NFT game, the gameplay is quite similar to the famous Pokemon game. NFTs will be traded directly onStarryNift's NFT Marketplace . In addition, this project also has a virtual universe called Starryverse. This will be where players display NFTs and participate in other virtual reality events.

Famous Funds participating:

  • Susquehanna: A privately held commercial and technology company. The SIG is comprised of a number of subsidiaries that specialize in trading and investing exclusively in equities, fixed income, energy, commodities, indices and derivatives, private equity and venture capital. insurance, research, client dealing and institutional selling.
  • Binance Labs: The investment and research arm of the Binance exchange.
Purpose of raising capital: The capital will be used for the upcoming launching event of Starryverse.


InfiniGods raised $9 M seed round

What is InfiniGods?

InfiniGods is a blockchain gaming project. Founded by veteran gamers in traditional gaming. InfiniGods will develop its games around the theme of ancient empires, like Egypt or Rome. With attractive, new game modes and full of modes such as puzzle, strategy and even city building.

Famous Funds participating:

  • Pantera Capital: A popular investment fund led by Dan Morehead, Pantera has invested in more than 80 large and small blockchain companies and 65 seed-stage projects.
  • 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 fundraising: The capital will be used for InfiniGods to build and develop new games and launch to the market. It is expected that InfiniGods will complete 3 NFT games in this 2022.


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.
 

Please login or register to comment here.

Members online

No members online now.

Forum statistics

Threads
930
Messages
974
Members
1,008
Latest member
ntna
Top