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



With the global macro environment in turmoil, crypto market investments have also gradually turned cold, and several institutions are in deep liquidity crisis. From this week’s statistics (5 projects in total), the number of investment and financing for web3 infrastructure (2) and Game (3) projects has significantly decreased. CGV, in conjunction with CTC, has put together a summary of the noteworthy investment and financing information for the global crypto market for the week of July 4 — July 10, 2022, as follows.

【Infrastructure】

1. Thalex|Series A financing of $7.5 million|Bitfinex and others participed

On July 7, Thalex, a trading platform offering stablecoin-settled crypto options and futures, announced that it has closed a $7.5 million Series A funding round with participation from Bitfinex, Bitstamp, Flow Traders, IMC, QCP and Wintermute.

Thalex is a crypto-native derivatives exchange founded by a multi-faceted team of experts in traditional brokerage, crypto and market making.

2. Hided Road|Series A financing of $50 million|FTX and others participed

On July 8, Hided Road Partners, a global credit provider, announced the closing of a $50 million Series A round led by Castle Island Ventures, with participation from Citadel Securities, FTX Ventures, Uncorrelated Ventures, Greycroft, XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading, Coinbase Ventures and others. XBTO Humla Ventures, Wintermute, SLN Capital, Profluent Trading, Coinbase Ventures and others.

【Game】

3. Klang Games|Raised $41 million|Led by Animoca Brands

On July 6, German game developer Klang Games announced the closing of a $41 million funding round led by Animoca Brands and Kingsway Capital, with participation from Anthos, Novator, Supercell, Roosh, AngelHub and New Life Ventures.

Link to original article:https://venturebeat.com/2022/07/06/klang-games-raises-41m-to-build-seed-virtual-world-with-ai-beings/

4. Planetarium Labs|Series A financing of $32 million|Led by Animoca Brands

On July 7, Planetarium Labs, which is building a community-driven Web3 game network,

announced the completion of a $32 million Series A funding round led by Animoca Brands with participation from Samsung Next, Krust Universe, Kakao, WeMade and others.

5. Aver|Seed round funding of $7.5 million|Led by Jump Crypto

On July 9, Aver, the sports entertainment platform on Solana Eco, closed a $7.5 million seed round led by Jump Crypto, with participation from PetRock Capital, Solar Eco Fund, Serum Ventures, Blue Pool Capital, Genesis Block Ventures, Susquehanna International Group, Mirana Ventures and others. The funding will be used to expand Aver’s presence in the U.S. and Europe and to explore the P2E game business with additional game publishers and development companies.

About CGV FoF: Cryptogram Venture (CGV) is a Japan-based research and investment institution engaged in crypto. It has participated in early investments in FTX, Republic, CasperLabs, AlchemyPay Graph, Pocket, and Powerpool, as well as the Japanese government-regulated yen stablecoin JPYW, etc. CGV FoF is the limited partner of Huobi venture, Rocktree capital, Kirin fund, etc. Currently, CGV has branches in Singapore, Canada, and China.

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