Ruceto tracked over $120 million in institutional
investments into crypto or web3 companies last week. Links to the target
company website, investment announcement, and token info are provided via
hyperlinks on the Target Name, $ Raised, and Token columns respectively.
| Target Name | $ Raised | Lead Investors | Description | Token |
|---|---|---|---|---|
| Tharsis Labs | $27,000,000 | Polychain Capital | The Ethereum Virtual Machine Hub on Cosmos | EVMOS |
| Beosin | $20,000,000 | Strategic round – Undisclosed | Blockchain security | |
| WalletConnect | $12,500,000 | Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, Union Square Ventures, 1kx, HashKey, Foresight Ventures | The communications protocol for web3, WalletConnect brings the ecosystem together by enabling wallets and apps to securely connect and interact | |
| Token Flow | $12,000,000 | Electric Capital, Delta Blockchain Fund, UDHC | Blockchain data terminal | |
| RakkaR Digital | $10,000,000 | SCB 10X | Enterprise-grade digital asset custody solution for institutions | |
| Braavos | $10,000,000 | Pantera Capital | Develops crypto wallets | |
| Courtyard | $7,000,000 | New Enterprise Associates | Turn your trading cards, sneakers, watches, and more into tradable Connected Collectibles and earn 1% on every future sale | |
| Custodia | $7,000,000 | Binance.US, Coinbase Ventures, Lemniscap | Intends to provide a full suite of banking and financial services tailored to business customers looking for enhanced regulatory clarity and minimized transactional risk as they traverse the digital asset space | |
| Texture | $5,000,000 | P2P Capital, Sino Global | Texture plans to offer up to 15% yield for staking Solana. Texture is currently in private beta and will open to the public when an audit is completed, possibly this year. | TBD |
| Zebra Labs | $5,000,000 | NetDragon, Sumitomo | Bringing Chinese celebrities to the Metaverse | Totem NFT |
| NiftyApes | $4,200,000 | Variant, FinTech Collective | Liquifies your NFTs to evolve lending | |
| Centrifuge | $4,000,000 | Coinbase Ventures, BlockTower, Scytale, L1 Digital | The on-chain ecosystem for structured credit | CFG |
| Elusiv | $3,500,000 | LongHash Ventures, Staking Facilities Ventures | Blockchain privacy solutions | |
| Orderly Network | Undisclosed, valued company at $200M | Laser Digital | DeFi trading infrastructure | TBD |
Centrifuge helps small businesses access credit by allowing them to offer real assets, such as real estate, as collateral via tokenization. Borrowers can leverage their assets without using banks or intermediaries, and investors can earn a return and token rewards. Centrifuge’s native token is CFG, which can be used for governance and to pay transaction fees.
Tharsis Labs developed the Evmos blockchain, a Layer 1 Cosmos-based chain with full Ethereum Virtual Machine (“EVM”) support giving it Ethereum compatibility. EVM is the most widely adopted computing standard for smart contract development, so Evmos may receive a great deal of attention from Ethereum developers. EVMOS is the token used for staking, governance and gas consumption.
Zebra Labs enables users to create 3D “Toy” NFTs by putting together unique “Totem NFTs” like building blocks. Totem NFTs are used like 3d building blocks to create TOY NFTs. The company is bringing Chinese celebrities to the metaverse as virtual NFT characters on Douyin videos (Chinese version of TikTok).
Institutional Investors of Crypto
Lingfeng Innovation Fund raised $20 million to invest in web3, and is ultimately targeting a fund size of $30 million. The fund is led by Nicole Zhang, a former Executive Director at Binance Labs. The fund is focusing on pre-Seed to Series A stage investments.
What’s happening at Ruceto
We provide institutional quality research on Web3 projects, and our deep dive report on Oasys is now available! Oasys is a new blockchain protocol for gaming with members of its founding team including executives from Bandai Namco Research, Sega Corporation, and Yield Guild Games. Check out https://finyki.ruceto.com/research/ to read it for free before the initial coin offering that’s planned for November!
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Disclaimer: The content presented is for informational purposes only and does not constitute financial, investment, tax, legal, or professional advice. The content is provided ‘as is’ without any representations or warranties, express or implied.