Affected by the FTX incident, the Crypto market has fallen sharply, and market confidence needs a period of recovery. From last week’s statistical data (7 projects in total), the primary market is relatively conservative, the number of financing for Web3 infrastructure projects (2) has dropped sharply, NFT (2), Game (2), tools (1) ) The popularity of the project continued to decline. CGV and CTC have summarized the investment and financing information worth paying attention to in the encryption market for a week. The following is the investment and financing information of the global encryption market from November 07 to November 13, 2022:
【infrastructure】
1. Fordefi | $18 million in seed round financing｜Lightspeed Venture Partners led the investment
On November 8, crypto wallet developer Fordefi announced the completion of an $18 million seed round of financing led by Lightspeed Venture Partners, Electric Capital, Alameda Research, Jump Crypto, Castle Island, Pantera Capital, Illuminate Financial, PayPal Alumni Fund, Nima Capital, Digital Currency Group, Defiance Capital, and StarkWare participated in the investment.
The Fordefi team is bringing to market a solution to two of the biggest challenges in DeFi today: institutional grade security and smart contract transparency.
Original link: https://www.prnewswire.com/il/news-releases/fordefi-raises-18m-seed-round-to-launch-institutional-defi-wallet-and-security-platform-301671581.html
2. TRM Labs | $70 million in Series B+ financing｜Thoma Bravo leads the round
On November 9th, the blockchain analysis company TRM Labs announced the completion of a US$70 million B round of financing. This round of financing was led by Thoma Bravo, and Goldman Sachs, PayPal Ventures, Amex Ventures and Citi Ventures participated.
Launched in 2018, TRM Labs has expanded to the UK, Singapore, Australia, Brazil and the United Arab Emirates. TRM Labs raised $60 million in Series B funding in December 2021, led by Tiger Global.
Original link: https://www.coindesk.com/business/2022/11/09/thoma-bravo-leads-70m-fundraise-for-blockchain-intelligence-firm-trm-labs
【Game】
3. Xternity | $4.5 million in seed round financing｜NFX leads the round
On November 8, Xternity, a Web3 game infrastructure startup, completed a $4.5 million seed round of financing led by NFX, with participation from Jibe Ventures, Flori Ventures, Secret Chord Ventures, and vGames.
Xternity aims to help Web2 game publishers adopt Web3 technologies including NFT through its "no code" platform, and supports publishers to create NFT collectibles, providing them with customized wallets and loyalty clubs. Blockchains, including Polygon, ImmutableX, Solana, Binance, Celo, and Ethereum.
Original link: https://www.theblock.co/post/183788/web3-gaming-infrastructure-startup-xternity-raises-4-5-million-exclusive
4. Theia Studios | Financing $2.4 million | Plum Ventures and others participated in the investment
On November 10, Theia Studios, a Web3 strategy game creator platform, announced the completion of a new round of financing of US$2.4 million. Hashed, Snackclub, IVC, Mint Ventures, Taureon, Arcanum Capital, Big Brain Holdings, Lancer Capital, Ignite Group, Andover Ventures and Plum Ventures participated. The company's Web3 turn-based strategy game creator platform provides developers with toolkits, including map editors, asset pipelines, scripting frameworks, economic builders, etc., to help game creators build their own strategy games. The game "Icons of Theis" is expected to start a closed beta test on November 10.
Original link: https://www.finsmes.com/2022/11/theia-studios-raises-2-4m-in-funding.html
【NFT】
5. colletID | Financing $3.5 million｜SeventySix Capital and others participated in the investment
On November 10, colletID, an NFT-based physical product identification company, announced the completion of a US$3.5 million financing, with the participation of American sports industry venture capital firm SeventySix Capital, European sports investment firm Hellens Rock Capital, and Swiss and Japanese crypto banks Sygnum/SBI . The company raised its seed round in December 2021 and is still in the pre-Series A round.
colletID puts small NFT tags into physical products to obtain a unique identity for each product, and then stores this "unique identity" as a non-homogeneous Token through a smart contract, which is an NFT on the blockchain, and then provides Each product creates a digital twin identity.
Original link: https://www.sporttechie.com/collectid-physical-merchandise-products-authentication-nfc-tags-web3-metaverse-fans
6. Eterlast | $4.5 million in seed round financing｜Immutable X and others participated in the investment
On November 8, British NFT studio Eterlast announced the completion of a US$4.5 million seed round of financing, with participation from Supernode Global, Play Ventures, Active Partners, Stake Capital, Immutable X, and Founders Factory.
Eterlast is developing blockchain games based on boxing and rugby sports, aiming to enhance users' gaming, collecting and trading experience.
Original link: https://www.uktech.news/crypto/eterlast-3-9m-funding-20221108
【Tools】
7. Notifi | $10 million seed round financing｜Hashed and Race Capital lead the round
On November 9, Notifi, a Web3 messaging application, announced the completion of a $10 million seed round of financing. This round of financing was co-led by Hashed and Race Capital, with participation from Struck Capital, HRT Capital, Wintermute, and Superscrypt.
Notifi provides communication infrastructure and software development kit (SDK) for decentralized applications on the blockchain, providing simplified and customized notifications. The Notifi platform allows Web3 developers to integrate multi-channel communication into their applications without having to build the infrastructure themselves.
Original link: https://techcrunch.com/2022/11/09/web3-messaging-infrastructure-notifi-raises-10m-seed-round-co-led-by-hashed-race-capital/
About Cryptogram Venture (CGV): Cryptogram Venture (CGV) is an encryption industry research and investment institution headquartered in Japan with compliance qualifications. With "research-driven investment" as the business orientation, he has participated in early investments such as FTX, Republic, CasperLabs, AlchemyPay, The Graph, Bitkeep, Pocket and Powerpool, as well as the yen stable currency JPYW that is regulated by the Japanese government. At the same time, CGV FoF is the LP of Huobi venture, Rocktree capital, Kirin fund and other funds. It has set up brand activities such as Web3 Hackathon and Industry Summit. From July to October 2022, it will launch the first Web3 Hackathon (TWSH) in Japan, and has won the cooperation of Japanese Ministry of Education, Culture, Sports, Science and Technology, Keio University, SONY, Softbank and other institutions and experts. support. Currently, CGV has branches in Singapore, Canada and China.
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