This week, crypto exchange Kraken stole the show with its $42.5 million grant raise from Optimism.
Kraken has disclosed its latest decision to launch Ink, a layer-2 on the Optimism (OP) blockchain. As a part of the deal, Optimism has announced that they will offer $42.5 million, or 25 million OP tokens.
This has brought the exchange’s funds raised to date to $164.8 million. Crypto.news dug deeper into the firms that raised the most capital from Oct. 27 to Nov 2.
Here are the firms that bagged million-dollar amounts during this period, according to data from Crypto Fundraising.
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Glow Labs, $30 million
Glow Labs is a community-powered platform that aims at ramping up global solar energy adoption.
The firm raised $30 million from Framework and Union Square Ventures.
❗️Ethereum-based solar project Glow Labs raised $30 million in fundingAmong the round investors are @hiFramework and @usv. The company secured $6.5 million to help fund Glow’s operations in addition to $23.5 million. 👉 https://t.co/ZgJ0vkScCE pic.twitter.com/POMcDKjhu3
— 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer) October 31, 2024
Nillion, $25 million
Nillion has raised $25 million from investors like Hack VC.
So far, the decentralized network for secure storage has raised $50 million.
We are excited to announce a total of $50M raised, with our latest $25M round led by @hack_vc. pic.twitter.com/pFkey0oqQ7
— Nillion (@nillionnetwork) October 30, 2024
Ellipsis Labs, $21 million
The platform that builds sustainable and efficient DeFi protocols has raised $21 million from HAUN.
Ellipsis Labs has raised a total of $23.3 million to date.
1/ We're excited to announce our $21M fundraise led by @HaunVentures to accelerate the development of verifiable finance.This round includes continuing support from our previous investors @ElectricCapital, @aeyakovenko, and @paradigm. pic.twitter.com/i8r4H0QkFB
— Ellipsis Labs (@ellipsis_labs) October 31, 2024
Chainway Labs, $14 million
The blockchain infrastructure company focused on Bitcoin, Ethereum, and Zero Knowledge technology has raised $14 million in a Series A round from Founders Fund and other investors.
Chainway Labs has raised $16.7 million so far.
Today, we announce our $14M Series A led by @foundersfund, joined by @maven11capital, @mirana, @erikvoorhees, @balajis, @bitfish1, @0xMert_ & more.This will help us expand Bitcoin from digital gold to an active, programmable asset, with @CitreaOrigins driving this expansion 🧵 pic.twitter.com/DxkgoeLERH
— Citrea (@citrea_xyz) October 31, 2024
Gelato Network, $11 million
Gelato Network has raised $11 million in a Series A round led by HACK VC.
The decentralized backend for web3 has raised $23.2 million to date.
We raised $11M from @hack_vc, @IOSGVC, @animocabrands to build Web3's most advanced RaaS Platform.Our funding will be used to power the growing wave of rollups on Gelato, such as the newly unveiled @inkonchain from Kraken.This brings our total funds raised to $23 million ↓ pic.twitter.com/aJtCFyNNtQ
— Gelato (@gelatonetwork) October 28, 2024
Sapien AI, $10.5 million
Sapien is a gamified Web3 platform where users play and train AI by completing various challenges.
The firm has raised $10.5 million in a seed round led by Variant.
We’re thrilled to announce our $10.5 million in seed funding, led by @variantfund 🎉The Sapien network now spans 70 countries and is growing 50% MoM with help from onchain partners like @worldcoin and @YieldGuild. 🌎Read the Full Story: https://t.co/P2XtYYsGhP pic.twitter.com/sRSnndwsMA
— Sapien AI (@SapienGamified) October 30, 2024
PumpBTC, $10 million
The liquid staking platform has raised $10 million in a seed round.
Lead investors include SevenX Ventures, Mirana Ventures, etc.
1We are thrilled to announce the successful closure of our $10 million seed round.Led by @SevenXVentures and @mirana.Participating investors included @UTXOmgmt, @0xMantle Ecosystem Fund, @sevenseas_c, @IstariVentures, @ArcaneGrp, @CoinSummerLabs, @ShardingCapital, and 10K… pic.twitter.com/ccLN9fSe87
— PumpBTC (@Pumpbtcxyz) October 29, 2024
BitSmiley, $10 million
BitSmiley encompasses a stablecoin, a lending platform, and a derivatives protocol.
The firm raised $10 million from various investors like Nxgen, IBC Group, etc.
😃Let's SMILE for $SMILE! 😃We are stoked to announce that we have closed a successful $10M Round 2 funding to drive BTC-backed DeFi innovation! With backing from major players like @nxgen_xyz @ibcgroupio @CaCapital_@PragmaVentures @CapitalZephyrus @MH_Ventures @verisventures… pic.twitter.com/liWc6D5bve
— bitSmiley | bitUSD (@bitsmiley_labs) October 28, 2024
Notable crypto VC funding rounds under $10 million
Spire Labs raised $7 million in a seed round.
Alliance Games raised $5 million in a Series A round.
81Ravens raised $4.5 million in a seed round.
Phylax Systems raised $4.5 million in a pre-seed round.
Nitro Labs raised $4 million in a seed round.
MagmaDAO raised $3.9 million in a seed round.
Native raised $2.6 million in a seed round.
Axal raised $2.5 million in a pre-seed round.
Streamflow raised $1.9 million.
Cap Labs raised $1.9 million in a pre-seed round.
KRNL Labs raised $1.7 million in a pre-seed round.
Have a peek at last week’s column here.
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