Oct: Follow Dat Money

Oct: Follow Dat Money

By theinspired | Inspiration | 3 Oct 2022


Welcome to October folks! Last month we saw $10B flow into Digital Asset projects which was double of what we saw the month prior. Turns out September started out slow but picked up steam as the month went on. Funds, exchanges, and wallets made up the lion's share. Stay turned to this blog post because here is where you will be able to see what projects are getting the funding and who is funding them. 

Total: $9.639B

Funds ($7.201B)

Banking ($619.4MM)

  • Kollider Raised $2.4MM to Build ‘Lightning-Native’ Financial Products (Coindesk | TB) [27]
  • Race Capital leads Aptos wallet Martian’s $3MM raise: Exclusive (TB)
  • Crypto checking account provider Juno raised $18MM and launches token (TB | Coindesk) [01]
  • Crypto and digital bank MinePlex secured $100MM in funding from GEM (Cointelegraph) [11]
  • Crypto custodial firm Copper raised $196MM in Series C round (TB | Blockworks | Coindesk) [12]
  • Step secured $300MM in debt funding, launches crypto investment service (TB | Coindesk) [11]

Mining ($547MM)

Blockchain ($411.5MM)

  • Bitcoin Technology Startup Synota Raised $3MM in Seed Round (Coindesk) [25]
  • Helius Raised $3.1MM to Make Solana App Building 'Faster and Cheaper' (Decrypt)
  • Tinder co-founder's Jam Fund backs Fun’s $3.9MM raise (TB) [27]
  • Polkadot synthetic asset protocol Tapio raised $4MM from Polychain and others (TB) [17]
  • Ex-Coinbase employees raised $5.3MM for web3 infrastructure startup: Exclusive (TB) [06]
  • Former Uber employees back new startup raising $9MM to decentralize ridesharing (TB | Cointelegraph) [27]
  • Former Terra developer raises $15MM and applies lessons to new startup Eclipse (TB | Blockworks) [12]
  • Web3 developer platform SettleMint raises €16MM as it expands to Japan (TB) [12]
  • WazirX founder’s blockchain project Shardeum raised $18MM (TBCoindesk) [18]
  • Paradigm leads blockchain indexer Nxyz's $40MM raise (TB | Coindesk | Cointelegraph) [12]
  • Circle backs blockchain developer platform Tatum in $42MM raise (TB | Coindesk)
  • Celestia Labs Raised $55MM to Build Modular Blockchain Network (Coindesk | Blockworks) [20]
  • Celo ecosystem projects raise $77.3MM in support of interoperability, ReFi (TB) [27]
  • Stellar Development Foundation launched $100MM fund to support native smart contract adoption (Cointelegraph | Bitcoinist) [11]
  • Blockchain Venture Firms to Invest $100MM in Busan for Ecosystem Development (Coindesk) [28]

DeFi ($243.2MM)

  • Crypto Lending Platform Moon Mortgage Raised $3.5MM Seed Round (Coindesk) [11]
  • DeFi startup Arch raised $5MM to become the 'BlackRock of web3' (TB) [10]
  • Asset manager GoldenTree revealed $5.3MM stake in SushiSwap token (TB | Coindesk) [05]
  • ParaFi backs Thala Labs’ $6MM raise to build DeFi stack on Aptos: Exclusive (TB) [25]
  • Citi Ventures co-led $6MM round in crypto investment startup Xalts (TB | Coindesk | BIC) [06]
  • Bloomberg Beta Led $6.2MM Funding for DAO Framework Origami (Coindesk) [27]
  • FTX, Haun Ventures back $14MM raise for ex-Amazon and Uber vets' new DeFi platform Exponential (TB | Coindesk) [03]
  • A16z Led $14MM Funding Round for New E-Commerce Platform Rye From Twitch Co-Founder (Coindesk) [11]
  • Accel and Quona Capital led $18MM round into crypto investment app Pillow (TB | Coindesk) [13]
  • Uniswap Labs valued at $1.66 billion after $165MM Series B (TB | Cointelegraph | Blockworks | Bitcoinist | BIC | Decrypt | EWN) [13]

Web 3 ($200.2MM)

  • Web3 publishing platform Paragraph raised $1.7MM: Exclusive (TB) [25
  • Solana-based gaming platform Arcade2Earn raised $3.2MM: Exclusive (TB) [19]
  • NFT startup Otterspace raised $3.7MM to 'definancialize web3': Exclusive (TB) [13]
  • FC Basel owner Holzmann and Tioga Capital led $5MM round into NFT startup (TB) [25]
  • NFT Infrastructure Company Gomu Closed $5MM Seed Round (Coindesk)
  • NFL superstars back Coolkicks founder's $6MM raise for collectible trading platform MynaSwap (TB) [06]
  • Web3 Builders raised $7MM in effort to make web3 safer for all (TB) [18]
  • Multicoin backs college sports fan platform Mercury’s $7.5MM raise (TB) [20]
  • Dragonfly and OpenSea back $10MM raise for NFT financing firm MetaStreet (TB | Blockworks) [13]
  • Resy co-founder Ben Leventhal raised $11MM for new web3 hospitality platform (TB) [06]
  • Zerion Raised $12.3MM to Facilitate Interoperable Web3 Identity (Coindesk) [12]
  • Zoop teams up with Ready Player Me, raised $15MM (TB) [27]
  • ChainSafe raised $18.8MM to build long lasting blockchain dev tools (TB | Cointelegraph | Coindesk) [18]
  • Crypto gaming infrastructure platform Stardust raises $30MM: Bloomberg (TB) [19]
  • a16z led $40MM raise for crypto protocol Golden (TB | Cointelegraph | TDH | Coindesk) [03]
  • Brevan Howard and Morgan Creek led web3 gaming startup Horizon Blockchain Games' $40MM Series A (TB | Blockworks | Coindesk | Cointelegraph | CryptoPotato) [04]

Misc ($158.3MM)

  • Stanford undergrads raise $3.3MM for their Notebook Labs protocol (TB | Coindesk) [28]
  • Crypto.com invests $145MM into France as it chooses Paris for EU HQ (TB | Cointelegraph)

Wallets ($70.6MM)

  • Enterprise Crypto Wallet Startup Pine Street Labs Raised $6MM in Polychain-Led Round (Coindesk)
  • Wintermute Ventures leads Zerion's $12MM raise to shake-up crypto wallets (TB)
  • Investing App Stash Raised $52.6MM Weeks After Expanding Access to Cryptocurrencies (Coindesk)

Music ($4MM)

  • Decentralized music platform Stems raised $4MM pre-seed round (TB) [03]

Apps ($4MM)

  • Crypto.com backs discovery platform Magic Square amid fundraising flurry (TB) [11]

Other News

  • Blockchain games and metaverse projects raised $1.3B in Q3: DappRadar (Coindesk | Finbold)
  • Blockchain.com raises fresh capital in round led by Kingsway Capital: Bloomberg (TB)
  • Funding Roundup: Blockchain Tech Continues To Grab VC Interest (Blockworks)
  • Venture capital recedes from crypto in Q3, but not all is bleak: Report (Cointelegraph | Blockworks

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theinspired
theinspired

I've been aware of Bitcoin since 2011 and my desire is that you will be better informed about the digital asset industry by reading my daily post.


Inspiration
Inspiration

I've been exposed to the world of crypto since 2011. Now I use my knowledge to curate the most relevant news articles, podcast, videos, blogs and social media information to help you be in the know in Crypto!

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