Investors have scaled back their exposure to cryptocurrencies due to concerns about macroeconomic pressures as well as cryptocurrency valuations. From last week’s statistical data (9 projects in total), the financing of Web3 infrastructure projects (7) is still active, while the number of investment and financing of NFT (1) and Game (1) projects has decreased significantly. 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 September 12 to September 18, 2022:
【infrastructure】
1. Reku | $11 million in Series A financing｜AC Ventures leads the round
On September 15, Reku, an Indonesian encryption trading platform, announced the completion of an $11 million Series A round of financing led by AC Ventures (ACV) with participation from Coinbase Ventures and Skystar Capital. The funds will be used to expand the team, which currently has 80 employees and plans to add 50 positions. Founded in 2017, Reku had a total transaction volume of $3 billion on its platform last year.
Original link: https://techcrunch.com/2022/09/14/indonesian-crypto-platform-reku-is-built-for-both-new-and-experienced-traders/?tpcc=tcplustwitter
2. Arpeggi Labs | $5.1 million in seed round financing｜a16z led the investment
On September 15, Arpeggi Labs, a Web3 music creation platform, completed a $5.1 million seed round of financing, led by a16z, 1confirmation, Palm Tree Crew, WndrCo Ventures, Steve Aoki, 3LAU, Wyclef Jean, Disco Fries, Electric Feel Ventures, Louis Bell, Joe Zadeh, Audius Foundation, Shayne Coplan, Paul Veradittakit and Cooper Turley also participated.
Arpeggi provides users with a Web3 music creation platform for creating, publishing and mixing audio. Subsequent updates include launching a free browser DAW, integrating other Web2 and Web3 music platforms, and launching native social functions on the website.
Original link: https://mirror.xyz/arpeggi.eth/jkpMgDfGdKZGyM_PX0CNy5xmIqLOIwCkE5IIwOS8GnE
3. Thirdwave | $7 million in seed round financing｜Framework Ventures led the investment
On September 14, blockchain data company Thirdwave announced the completion of a $7 million seed round of financing led by Framework Ventures, with participation from Animoca Brands, Play Ventures, Shima Capital, Hustle Fund and Oceans Ventures.
Thirdwave mainly provides blockchain data services for Web3 companies, encryption projects and protocols, and DAOs, including on-chain activities, customer data, social channel information, website content analysis and other services.
Original link: https://www.techinasia.com/thirdwave-launches-stealth-mode-7m-raise
4. Goldsky | $20 million in seed round financing｜Dragonfly Capital and other leading investors
Encrypted data infrastructure platform Goldsky has completed a $20 million seed round led by Felicis and Dragonfly Capital. Entrepreneur Elad Gil, Plaid founder Zach Perret, William Hockey, Uniswap Labs, 0x Labs, Magic Eden's Zhuoxun Yin, Azuki's Alex Xu and Compound Finance's Robert Leshner participated.
Goldsky aims to solve one of the most expensive problems facing the crypto industry, which is reading and processing data from deployed smart contracts. The company automatically creates end-to-end data pipelines, which means users can get real-time data across multiple chains , and reshape it through the data streaming platform, and provide the final result directly to the website through the API.
Original link: https://www.theblock.co/post/169190/crypto-data-infrastructure-platform-goldsky-raises-20-million-seed-round
5. Satschel | $5.2 million in seed funding | Brand Foundry Ventures leads the round
On September 16, Web3 compliance company Satschel completed a $5.2 million seed round of financing led by Brand Foundry Ventures. Satchel uses Compliance Fabric technology to help financial services companies complete KYC and AML regulations and quickly familiarize investors and customers with the process.
Original link: https://www.theblock.co/post/170707/web3-compliance-company-satschel-raises-5-2-million-partners-with-assure?utm_source=twitter&utm_medium=social
6. LearnWeb3 | $1.25 million in seed round financing｜IOSG Ventures led the investment
On September 15, Web3 education platform LearnWeb3 completed a seed round of financing of US$1.25 million, led by IOSG Ventures, with participation from Balaji Srinivasan, EPNS founder Harsh Rajat and other angel investors. Next, LearnWeb3 will open the contributor reward strategy, and those who are gold medal contributors and above will be eligible to apply for teaching assistant internship positions.
LearnWeb3 is a wide-reaching and completely free educational platform designed to create learning opportunities and bring Web3 to more ordinary people. To date, LearnWeb3 has 50,000 developers on board, with approximately 300 graduating each month.
Original link: https://twitter.com/LearnWeb3DAO/status/1570428173380210688
7. Magna | $15 million in seed round financing｜Tiger Global leads the round
On September 15, the token management platform Magna completed a $15 million seed round of financing at a valuation of $70 million, led by venture capital firms Tiger Global and Tusk Ventures, Shima Capital, Circle Ventures, Solana Ventures, Avalanche Labs and Galaxy Labs and others participated, and individual investors included former Coinbase executive Balaji Srinivasan, Messari's Ryan Selkis and DJ Steve Aoki.
Magna aims to build token distribution software that makes it easier for protocols, decentralized autonomous organizations (DAOs) and crypto funds to send and receive tokens, and do compliance, accounting and tax reporting on any schedule.
Original link: https://www.coindesk.com/business/2022/09/15/token-management-platform-magna-raises-15m-seed-round-at-70m-valuation/
【Game】
8. BRAVO READY | US$3.5 million in seed round financing｜Sino Global Capital participated in the investment
On September 14, the game company BRAVO READY announced the completion of a US$3.5 million seed round of financing. Sino Global Capital participated in this round of financing. Other specific financing information has not been disclosed yet. Funds from this round will be used to continue building out its “win-to-earn” battle royale game BR1: Infinite Royale, while also doubling the size of the team.
Original link: https://www.businesswire.com/news/home/20220913005914/en/BRAVO-READY-Announces-Strategic-Investment-from-Sino-Global-Capital
【NFT】
9. SeMorpheus | Financing $2.5 million | 500 Global and others participated in the investment
On September 16, SeMorpheus, an Indonesian Webe3 brand retail platform, announced the completion of a US$2.5 million seed round of financing. The round was led by Intudo Ventures, with participation from 500 Global, Febe Ventures, AlphaLab Capital, BRI Ventures and Caballeros Capital.
SerMorpheus helps brands and content creators easily develop NFTs and manage utilities, allowing them to directly engage with customers and communities, unlock brand value through personalized shopping experiences, and connect Web3 products and services to Web2 users.
Original link: https://www.asiatechdaily.com/sermorpheus-raises-2-5m-to-bring-web3-to-indonesian-mass-market/
Registration for Japan's first Web3 Hackathon contest "TWSH" initiated by CGV is underway. TWSH event welcomes traditional Internet developers and blockchain developers who are interested in Web3 around the world, developers and engineers with innovation and creativity , product managers, UI designers, etc. to sign up.
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 in projects such as FTX, Republic, CasperLabs, AlchemyPay, The Graph, Bitkeep, Pocket, and Powerpool, as well as the yen stable currency JPYW under the supervision of the Japanese government. At the same time, CGV FoF is the LP of Huobi venture, Rocktree capital, Kirin fund and other funds. Currently, CGV has branches in Singapore, Canada and China.
Weiliang
Miyuki
Brian
Alex