CGV Research Vane | Weekly report on global crypto market investment and funding developments



As the Crypto market has fallen sharply, investor interest in NFT has also declined significantly. From this week’s statistics (19 projects in total), the number of pitches for NFT (2) and DeFi (2) projects has dropped sharply. web3 infrastructure (8) remains the focus of pitches, GameFi (4) is starting to see an uptick in pitches and DAO (1) projects are starting to see an increase in pitches. cgv, in association with CTC, has put together a week of notable pitches in the global crypto market. The following is a roundup of the global crypto market’s notable pitches from 30 May — 5 June 2022.

【Infrastructure】

  1. Cloudwall|Seed round funding of $6.3 million|Led by LocalGlobe

On June 1, Cloudwall Capital, a digital asset risk management platform, announced the closing of a $6.3 million seed round led by LocalGlobe and Illuminate Financial, with participation from IA Capital Partners, Eberg Capital and Nemo Ventures, as well as a group of angel investors from the DeFi and traditional finance sectors.

Link to original article:https://www.techinasia.com/sg-crypto-firm-cloudwall-bags-63m-seed

2. FinTron|Series A financing of $6.5 million|Webster Bank and others participated

On June 1, FinTron, a crypto investment and finance app, announced the closing of a $6.5 million Series A round of funding with participation from AUA Capital Management, Connecticut Innovations, Sage Venture Partners and Webster Bank. FinTron provides personal finance services to the Z-generation and millennial audiences.

Link to original article:https://www.benzinga.com/pressreleases/22/06/n27495342/fintron-raises-6-5m-in-series-a-funding-round-to-bring-greater-financial-freedom-to-the-mobile-fir

3. Dework|Seed round funding of $5 million|Led by Paradigm

On June 1st, coworking tool Dework closed a $5 million seed funding round led by Paradigm and Pace Capital, with participation from former Coinbase CTO Balaji Srinivasan and Polygon founder Sandeep Nailwal.

Link to original article:https://www.coindesk.com/business/2022/06/01/paradigm-backs-5m-round-in-dao-management-platform-dework/

4. Big Whale Labs|Seed round funding of $3.8 million|Led by M13

On June 1, Big Whale Labs, a privacy protocol development company, announced a $3.8 million seed round led by M13 and Road, with participation from Slow Ventures, C2, Goodwater, Panache, NFR, former Coinbase CTO Balaji Srinivasan, and Roman, founder of Tornado Cash.

Link to original article:https://www.theblockcrypto.com/post/149180/pseudonymity-startup-big-whale-labs-raises-3-8-million-seed-round

5.SIZE|Seed round funding of $6 million|Led by Three Arrows Capital and others

On June 1st, on-chain OTC platform SIZE closed a $6 million seed funding round led by Three Arrows Capital, Wintermute and Mgnr, with participation from Alameda Research, D1 Ventures and Genblock Capital.

SIZE makes it easy for users to participate in sealed bid auctions for vested and unvested Tokens, and is currently working on an MVB version of the product.

Link to original article:https://www.theblockcrypto.com/linked/149625/size-raises-6-million-backed-by-three-arrows-wintermute-mgnr-and-more?utm_source=twitter&utm_medium=social

6. GoSats|Pre-A round of funding of $4 million|Y Combinator and others participate

On June 1st, Bitcoin rewards platform GoSats closed a $4 million Pre-A round of funding with participation from Y Combinator, Accel and Gossamer Capital, among others.

GoSats allows customers to earn bitcoins as cash back from transactions through its platform.

Link to original article:https://www.techinasia.com/indian-bitcoin-rewards-firm-earns-4m-preseries-money

7. Laevitas|Seed round funding of $2.5 million|Led by Three Arrows Capital

On June 2, Laevitas, a crypto derivatives data analytics platform, announced the closing of a $2.5 million seed funding round led by Three Arrows Capital and DeFiance Capital, with participation from CMS, Astronaut Capital and others.

Laevitas launched in early 2021 and currently provides data analytics on crypto futures and options markets for users as well as several hedge funds, market makers and trading firms.

Link to original article:https://medium.com/laevitas/announcing-our-2-5m-seed-round-a58d349282f2

8. Anmol Network|Seed round funding of US$1 million|Led by AU21 Capital

On June 3, Web3 infrastructure startup Anmol Network announced the closing of a $1 million seed round led by AU21 Capital with participation from MEXC Global Exchange, YBB Foundation, Lotus Capital, Danish Chaudhry, HG Ventures and Rob Hanneman.

Link to original article:https://nation.com.pk/2022/06/03/pakistan-based-startup-raises-1m-to-make-blockchain-more-accessible/

【DeFi】

9. Smart Chain DeFi|Series A funding of US$16 million|Led by Binance Labs

On 31 May, Smart Chain DeFi, the DeFi protocol, announced the completion of a $16 million Series A funding round led by Binance Labs, with participation from Adrian Kolody, founder of unmanaged DEX Domination Finance, and others.

Smart Chain DeFi is a one-stop Liquidity-as-a-Service (LaaS) DeFi protocol based on BNB Chain, which was invested in an angel round by Binance’s $1 billion Growth Fund.

Link to original article:https://www.digitaljournal.com/pr/smartchain-defi-announces-a-16-million-series-a-round-led-by-binance-labs-to-build-a-one-stop-infrastructure-for-its-web3

10. Alloy|Pre-seed round raises $3 million|Led by Headline Ventures

On May 31st, DeFi platform Alloy announced the closing of a $3 million pre-seed round led by Headline Ventures with participation from Guillaume Pousaz, founder of Checkout.com, Nicolas Julia, founder of Sorare and Seedcamp. Alloy aims to build a DeFi platform for institutional investors, which will be launched in the second half of 2022.

Link to original article:https://www.theblockcrypto.com/linked/149384/checkout-com-founder-backs-defi-platform-alloy-in-3-million-pre-seed-round

【GameFi】

11. Village Studio|Pre-seed round funding of €2.1 million|Led by Animoca Brands

On May 30th, gaming platform Village Studio announced the closing of a €2.1 million pre-seed funding round led by Animoca Brands, with participation from Venrex, AngelHub, K3, WinZO and others.

Village Studio hopes to help Web3 games improve interoperability and provide value to players and developers, and to expand its team and develop its game platform with the support of this round of funding.

Link to original article:https://www.pocketgamer.biz/news/78896/founded-rovio-zynga-veterans-village-studio-raised-21-million/

12. Chibi Clash|Raised $3 million in a private placement round|Jump Capital and others participated

On May 31, Web3 game Chibi Clash announced the closing of a $3 million private funding round with participation from Alliance, Genblock Capital, Jump Capital, C² Ventures, Kyros Ventures, NGC Fund, PetRock Capital, Polygon Ventures, Shima Capital, Avocado DAO, Rainmaker Games and others. Polygon Ventures, Shima Capital, Avocado DAO, Rainmaker Games, and others.

Chibi Clash is building a Web3 game world centered around its flagship car fighting game, where players can unlock weapon upgrades using NFT.

Link to original article:https://u.today/chibi-clash-next-gen-metaverse-game-secures-3-million-announces-ido

13. Walken|Raised $4.7 million|Led by Infinity Ventures Crypto

On June 2, Walken, a Solana-based Move to Earn chain game, announced a $4.7 million funding round led by Infinity Ventures Crypto and Shima Capital, with participation from Morningstar Ventures, Ghaf Capital Partners, Huobi Ventures, and Dex Ventures. Huobi Ventures, Dex Ventures, and others. The funding will be used to rapidly scale up game development and further improve the product on a sustainable economic basis.

Link to original article:https://cointelegraph.com/press-releases/move-to-earn-wellness-project-walken-seals-47m-funding-round

14. Red Village|Seed round funding of $6.5 million|Led by Animoca Brands

On June 3, Red Village, a P2E game, announced the closing of a $6.5 million seed funding round led by Animoca Brands and GameFi Ventures Fund, with participation from Kucoin Ventures and JellyC. Red Village is the first blockchain dark fantasy game platform with two game modes to choose from, a beta test mode and a tournament mode that brings traditional gamers together with a virtual world through an engaging game storyline and a vibrant community.

Link to original article:https://cfxmagazine.com/the-red-village-announces-6-5m-seed-round-led-by-animoca-brands-and-gamefi-ventures-fund-press-release-bitcoin-news/

【NFT】

15. Ayoken|Pre-seed round raises $1.4 million|Kon Ventures and others participed

On May 30, NFT project Ayoken closed a $1.4 million pre-seed round of funding with participation from Founders Factory Africa, Kon Ventures, Crypto League, R9C Ventures and Maximus Ventures. The funding will be used to purchase exclusive rights and build a technical team.

Link to original article:https://techcrunch.com/2022/05/30/ayoken-raises-1-4m-to-grow-its-nft-marketplace-for-creatives/?tpcc=tcplustwitter

16. Playdex|Seed round funding of $2 million|OrangeDAO and others participed

On June 2, NFT rental marketplace Playdex raised a $2 million seed round of funding led by PDAX, Orange DAO and BukoVentures, with participation from Tinder co-founder Justin Mateen, Magic co-founder Aaron Kemmer, CSVE Ventures managing Partner NinaTeng, YawYeo of XA Network, Ray Alimurung, Chairman of Lazada PH, and Wing Vasiksiri.

Playdex is an online marketplace that allows gamers and guilds to rent game assets from NFT holders.

Link to original article:https://e27.co/coins-ph-founder-ron-hoses-new-nft-rental-marketplace-playdex-nets-us2m-20220602/

【DAO】

17. Utopia|Series A financing of $23 million|Led by Paradigm

On June 1, Utopia, a DAO payroll system, announced the closing of a $23 million Series A round of funding led by Paradigm, with participation from Kindred Ventures, Circle Ventures, Gusto, Coinbase Ventures, Infinity Ventures Crypto, and Fourth Revolution Capital. Distributed Global and Fourth Revolution Capital, among others. The new funding will be used to grow and expand the team and further improve DAO’s functionality, including Token attribution, ledger design and personnel management.

Link to original article:https://mirror.xyz/utopialabs.eth/H1-KPA2HxHzow0WQt35afJl-uQtTv2alTzFqRpRXeNU

About CGV FoF: CGV FoF (Cryptogram Venture FoF)is an Asia-based Fund of Funds (FoF) that focuses on investments in Crypto Fund and Crypto Studio. CGV FoF is composed of family funds from Japan, Korea, and China’s mainland and Taiwan, with headquarters in Japan and branches in Singapore and Canada