CGV Research Vane-Weekly report on global crypto market investment and funding developments(5.2-5.8)




The crypto market is entering a new torrid time, with most investors leaving the market one by one, although the crypto primary investment market remains confident, with investment institutions focusing their resources on the infrastructure sector. CGV, in association with Cointelegraph Chinese, has put together a list of the notable pitches of the week in the global crypto market. The following is a summary of the global crypto market’s funding and investment news from 2 May — 8 May 2022.

【Infrastructure】

1. Decrypt | Raising $10 million|ConsenSys and others participated

On May 3rd, crypto news outlet Decrypt announced the closing of a $10 million funding round with participation from ConsenSys Inc, Hack.VC, Hashkey Capital, IOSG Ventures, Canvas Ventures, Protocol Labs, SK Group and others, valuing the investment at 50 million. At the same time, the media will be independent from ConsenSys Mesh.

Link to original article:https://decrypt.co/99237/decrypt-raises-10m-in-funding-spins-out-from-consensys-mesh

2. Syndicate | Raising $6 million|a16z and others participated

On May 3, Syndicate, a decentralized investment platform, announced a $6 million funding round with participation from a16z, South Park Commons, Carta Ledger, OpenSea, Circle Ventures, Polygon, United Talent Agency, CoinList, FalconX and others.

Link to original article:https://www.theblockcrypto.com/linked/144788/syndicate-raises-6-million-to-grow-decentralized-asset-management-platform?utm_source=cryptopanic&utm_medium=rss

3. Kevin | Series A financing of $65 million|Led by Accel

On May 3rd, Kevin, a fintech startup, announced the completion of a $65 million Series A funding round led by Accel, with participation from Eurazeo, OTB Ventures, Speedinvest, OpenOcean, Global Paytech Ventures and angel investors including 20VC founder Harry Stebbings, Ilkka Paananen, CEO and co-founder of Supercell, Amitabh Jhawar, former CEO of Venmo and others.

Kevin provides users with an advanced account-to-account payment infrastructure solution designed to eliminate unnecessary intermediaries in the payment process.

Link to original article:https://www.theblockcrypto.com/linked/144841/payments-startup-kevin-rakes-in-65-million-series-a?utm_source=twitter&utm_medium=social

4. Bundlr Network | Seed round funding of $5.2 million|Led by Arweave and others

On May 4, Bundlr Network announced the closing of a $5.2 million seed round led by Framework Ventures, Hypersphere Ventures, Arweave Team and Permanent Ventures, with participation from OpenSea and Race Capital. and others.

Bundlr Network is a multi-chain extension solution based on Arweave, and the project team is currently building a set of tools designed to make it easier for users to upload and access files on the Arweave network.

Link to original article:https://twitter.com/BundlrNetwork/status/1521872015673675779

5. Pangea Fund | Raised $85 million|Alameda Research and others participated

On May 4, crypto hedge fund Pangea Fund announced the official launch and closing of an $85 million funding round with participation from Bain Capital, ParaFi, Alameda Research, and angel investors including USV co-founder Brad Burnham, Apollo Global Management co-founder Josh Harris, Multicoin Capital partner Kyle Samani, and others.

Link to original article:https://www.bloomberg.com/news/articles/2022-05-04/crypto-wunderkinds-secure-85-million-to-start-own-hedge-fund?srnd=cryptocurrencies-v2

6. Prisma | Series B funding of $40 million|Led by Altimeter

On May 4, Prisma, an open source data platform, announced the completion of a $40 million Series B funding round led by Altimeter, with participation from Amplify Partners and Kleiner Perkins, and angel investors including Vercel, PlanetScale, GitHub and SourceGraph, among others. Prisma is an open source data platform.

Prisma is an open source data platform that aims to bring developers, data owners and infrastructure teams together to share data across organisations and teams, addressing barriers in the development process between front-end and back-end teams and between data engineers, developers and business analysts.

Link to original article:https://www.prisma.io/blog/series-b-announcement-v8t12ksi6x

7. Copper | Series A financing of $29 million|Led by Fiat Ventures

On May 5th, Copper, a digital banking provider, closed a $29 million Series A round led by Fiat Ventures with participation from Panoramic Ventures, Insight Partners, Invesco Private Capital and others. copper aims to enable its customers to channel money from their accounts Copper aims to enable its customers to channel money from their accounts into a ‘wide range’ of investments — from equities to mutual funds to cryptocurrencies.

Link to original article:https://techcrunch.com/2022/04/26/teen-focused-banking-and-investing-app-copper-raises-29m-grows-to-over-800000-users-in-less-than-a-year/?guccounter=1&guce_referrer=aHR0cHM6Ly9mb3Jlc2lnaHRuZXdzLnByby8&guce_referrer_sig=AQAAAI5FK2gkTlVR0ASmGJ2B6-L_MlaRofw

8. VirgoCX | Raised $7.8 million|Led by Draper Dragon

On May 6, VirgoCX, a Canadian digital asset trading platform, closed a C$10 million ($7.8 million) round of funding led by Draper Dragon, with participation from Cobo Labs, OKX Blockdream Ventures, Molecular Group, Sora Ventures, How Link Investment and others. The funding will be used to advance the internationalization process, product development and other areas.

Link to original article:https://cointelegraphcn.com/press-releases/virgocx

【DeFi】

9. Masa Finance | Seed round funding of $3.5 million|Unshackled Ventures and others participated

On May 4, DeFi lending agreement Masa Finance announced the closing of a $3.5 million seed funding round with participation from Unshackled Ventures and Lateral Capital, GoldenTree Asset Management, Decentranet Intersect VC, Peer VC, Alves Ventures and others.

Link to original article:https://techcrunch.com/2022/05/04/masa-finance-gets-3-5m-pre-seed-to-build-its-decentralized-credit-protocol/?tpcc=tcplustwitter

【GameFi】

10. Team DAO|Series A financing of $5 million|Led by Krust Universe

On May 4th, crypto gaming guild Team DAO announced the completion of a $5 million Series A funding round at a valuation of $48.88 million. The round was co-led by Krust Universe and Animoca Brands, with participation from Great South Gate, Shima Capital, Anti Fund, Algorand, GSR Capital, NGC Ventures, Libra Ventures, Nexo Capital, EX Capital, Coinhako, Octava and others. The new funding will be used to further develop TEAM’s technical infrastructure and expand the team and player base.

Link to original article:https://medium.com/teamdao/t-e-a-m-dao-raises-series-a-round-led-by-krust-universe-and-animoca-brands-ec8fd3dac839

11. LootRush|Seed round financing US$12 million|Led by Paradigm

On May 5th, gaming platform LootRush closed a $12 million seed funding round led by Paradigm with participation from Andreessen Horowitz (a16z), Y Combinator and others.

LootRush provides a quick launch platform for blockchain games and also offers NFT leasing for games, aiming to lower the barrier for new gamers and earn revenue for NFT owners.

Link to original article:https://www.coindesk.com/business/2022/05/05/paradigm-a16z-back-12m-round-for-blockchain-game-platform-lootrush/

12. InfiniGods|Seed round funding of $9 million|Led by Pantera Capital

On May 5th, InfiniGods, a chain game development studio, closed a $9 million seed funding round led by Pantera Capital with participation from Framework Ventures, Jefferson Capital, Animoca Brands and Double Peak. The funding will be used to release three games in 2022, including an NFT with in-game utility.

Link to original article:https://www.theblockbeats.info/flash/80387?search=1

13. Untamed Planet|Raised $24.3 million|Led by Animoca Brands

On May 5th, Untamed Planet, a 3D immersive game based on the metaverse and NFT concept, closed a $24.3 million funding round led by Animoca Brands.

As part of the partnership, Untamed Planet and Animoca Brands will reportedly develop and co-publish the metaverse chain game Untamed Metaverse, which will be developed by Animoca Brands subsidiary Nway.

Link to original article:https://venturebeat.com/2022/05/05/untamed-planet-raises-24-3m-for-nature-oriented-nft-games/

14. Cometh|Raised $10 million|Led by Ubisoft

On May 5th, French chain game studio Cometh closed a $10 million seed funding round co-led by White Star Capital, Ubisoft and Stake Capital, with participation from Serena Capital, Shima Capital and IDEO Colab Ventures.

Link to original article:https://www.theblockcrypto.com/linked/145206/french-blockchain-gaming-studio-bags-10-million-in-seed-funding

15. Ready Games|Raised $3 million|Led by BITKRAFT

On May 6th, Web3 gaming infrastructure Ready Games announced a $3 million funding round through AURA Token sales, led by BITKRAFT and Hashed, with participation from Tribe, IOSG, Spartan, Mapleblock Capital, Polygon and others. The funding round will be used to develop the Web 3 mobile games division.

Link to original article:https://www.coindesk.com/business/2022/05/06/ready-games-raises-3m-to-bring-web-2-gaming-to-the-web-3-world/

【NFT】

16. Americana Technologies|Seed round funding of $6.9 million|Led by 776 Management

On May 3rd, NFT startup Americana Technologies closed a $6.9 million seed round of funding led by leading venture capital firm 776 Management, with participation from NFT marketplace OpenSea and others, and angel investors including rapper Future.

Founded in 2021, Americana Technologies helps brands and creators transform physical goods such as streetwear, collectibles, cars and artwork into NFTs. Its core product is an NFTA universal chip that connects to a physical object and links that object to the blockchain.

Link to original article:https://techcrunch.com/2022/05/03/americana-chip-turns-objects-nfts-funding-ohanian/

17. Immi|Seed round funding of $50 million|Paris Hilton and others participated

On 5 May, the animation creation app Immi announced its official launch on the App Store and received investment from 11:11 Media, the media content company and platform created by Paris Hilton, Mark Cuban, Tony Robbins, Eric Yuan, founder of Zoom, singer Pitbull, one of the top 100 DJs in the world Steve Aoki (Master Tide) and NFT investor GMoney. According to sources cited by Reuters, the company’s seed funding round valued immi at $50 million.

Immi allows creators to animate content using only their facial expressions after selecting NFT characters, and plans to launch its own NFT characters.

Link to original article:https://www.nftgators.com/mark-cuban-paris-hilton-pitbull-back-metaverse-app-immi-at-50m-valuation/

18. Zora|Raising $50 million|Led by Haun Ventures

On 6 May, NFT trading marketplace Zora closed a $50 million round of funding at a $600 million valuation, led by Haun Ventures with participation from Coinbase Ventures, Kindred Ventures and others.

Link to original article:https://www.theblockcrypto.com/linked/145358/nft-marketplace-zora-raises-50-million-in-round-led-by-haun-ventures


About CGV FoF: CGV 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.

Website: https://www.cgv.fund/

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