Ruceto tracked over $500 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 |
|---|---|---|---|---|
| Amber Group | $300,000,000 | Fenbushi Capital U.S. | Crypto trading firm | |
| Aztec | $100,000,000 | a16z crypto | Build Encrypted Ethereum | |
| Nillion | $20,000,000 | Distributed Global | Building a non-blockchain decentralized public network based on a new cryptographic primitive called Nil Message Compute | NIL |
| Blocknative | $15,000,000 | Blockchain Capital, Foundry Group, Rho, IOSG Ventures, Robot Ventures, Fenbushi Capital, HackVC, Industry Ventures | Builds infrastructure to monitor and manage the complexity of the mempool | |
| Evertas | $14,000,000 | Polychain Capital | Regulated insurance & risk mitigation solutions for cryptoassets & digital assets industry | |
| Digital Entertainment Asset | $10,000,000 | LDA Capital | Runs PlayMining, a web3 gaming and NFT platform | DEP |
| Dogami | $7,000,000 | Xange | Web3 game with NFT pets | DOGA |
| Utorg | $5,000,000 | Dragonfly | Enabling crypto purchase inside your app or website | |
| Frontrunner | $4,750,000 | Susquehanna | Zero gas fee, decentralized sports prediction market built on blockchain | For betting |
| Sooho | $4,500,000 | Woori Technology Investment | Provides web3 services related to automated audits, Defi, and blockchain Infrastructure | |
| Breez | $4,500,000 | ego death capital, Entrée Capital | Lightening service provider | |
| Spaceport | $3,600,000 | Arca, Decasonic and CRIT Ventures | Building tools for creators, brands and agencies to monetize their IP | |
| Decent | $3,500,000 | Archetype | No-code tools and protocol for creators to easily construct highly customizable web3 projects | |
| Anima | $3,000,000 | HashKey, Not Boring Capital, Polygon Studios, and NGC Ventures | Protocol for dynamic, ownable augmented reality | |
| Nametag | $2,000,000 | GSRV, OKX Ventures | Web3 user ID verification | |
| MetaVersusWorld | $2,000,000 | Alphabit Digital Currency Fund, Xeta Capital, Launchpool, Westridge Markets, NetZero Capital, XSquared Ventures, GBIC, Alpha Sigma Capital, FBG Capital | Building a hyper-realistic metaverse | Content |
Amber Group is a crypto trading firm based in Singapore. Prior to the FTX collapse, Amber Group was trying to prepare for a prolonged crypto bear market by raising a Series B+ at a $3B valuation. The company was negatively impacted by the FTX collapse and had “less than 10%” of their trading capital with FTX. They terminated a $25M sponsorship deal with Chelsea, and laid off 40% of their staff. This negative turn of events prompted the company to pause their Series B+ process and instead raise a $300M Series C round that was led by Fenbushi Capital US.
Digital Entertainment Asset runs the PlayMining platform, which includes multiple web3 games and an NFT marketplace that contains art from some of Japan’s top manga artists. The PlayMining economy uses $DEP (DEAPcoin), a utility token that rewards participation on the F2P platform and can be used to buy NFTs as well as in-game items.
Dogami built a mobile web3 game called DOGA House and a marketplace for $DOGA NFTs. Players can earn DOGA from airdrops, or in-game by performing daily actions for their virtual pets such as housebreaking, playing, petting, feeding, or cleaning.
Nillion is building a non-blockchain network that uses a cryptographic technology they created called Nil Message Compute (“NMC”). The company believes that while blockchain technology allows for decentralized money, data and compute functions are not decentralized because those are completed by individual nodes across the network. Nillion is being built to “secure and decentralize data storage and compute functions across a permissionless node network in a scalable, secure, and private way.” Although the network is not built on a blockchain, section 4.3 of Nillion’s whitepaper indicates that there will be a native token, NIL.
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