Edition #87 - 20 NOV 2023
Binance Labs, the venture capital and incubation arm of crypto exchange Binance, has raised a new $500 million fund to back web3 projects. Backers of the fund include DST Global Partners, Breyer Capital and unnamed private equity funds, family offices and corporations as limited partners.
Platform focused on blockchain gaming in Telegram EthXY raised $1.6M in a Pre-seed funding round led by a16z Crypto Startup School (CSS), Orange DAO, with participation from Pioneer Fund, WWVentures, Nonce Classic, FounderHeads VC, Space Whale Capital, MH Ventures, Moneyture Ventures, YTWO VC, WAGMI Ventures, DAO KONDR VC, Pepper Ventures.
Gaming studio developing collectible tactics game Shardbound Bazooka Tango raised $5M funding round led by BITKRAFT Ventures, with participation from RW3 Ventures, Sfermion, 1up Ventures, Foresight Ventures, Builder Capital.
metaverses & AI
Korean blockchain-based K-pop startup Modhaus raised $8M in a Series A funding round led by Sfermion, with participation from SM Culture Partners, Laguna Investment, KDDI Open Innovation Fund III (KOIF III), Foresight Ventures.
Avalanche-based DeFi platform SteakHut Finance closed Seed funding round led by Varys Capital, with participation from Blizzard, Avalaunch, Hansen, IronBoots, Coinflipcanada. Amount raised is not disclosed.
Web3 messaging and social platform Beoble raised $2M in a Pre-seed funding round led by Digital Currency Group (DCG), Samsung Next, with participation from Hashkey Capital, Genesis Block Ventures Capital (GBV), Tokenbay Capital, Momentum 6 (M6).
First KYC'd layer-2 blockchain Kinto raised $3.5M funding round led by Kyber Capital, The Spartan Group, ParaFi Capital, with participation from SkyBridge Capital, Kraynos Capital, Deep Ventures, Modular Capital, Tane, Robot Ventures, Santiago R. Santos, Alex Klokus.
Asset management firm Superstate raised $14M in a Series A funding round led by Distributed Global, CoinFund, with participation from Breyer Capital, Galaxy Digital, Arrington Capital, Road Capital, CMT Digital, Folius Ventures, Nascent, Hack VC, Modular Capital, Department of XYZ.