Exciting news in the world of venture capital funding and Web3! 🚀 🚀Here's a roundup of recent investments between 27th February to 4th March, 2024, courtesy of CryptoWeekly:
CredShields in Singapore secured $1M in funding in a Series Unknown round led by Draper Associates on 03/01/2024. CredShields provides next-gen security tools for next-gen applications. Users can get overall coverage of their security requirements across all verticals in a single place.
Quantex in the United States raised $150K in a Seed round on 02/29/2024. After transitioning to a Systems/DevOps Engineer in 2017, Andrew Elkhoury leveraged his experience to spearhead Quantex's development. In October 2020, he initiated Cryptiswap, a non-custodial swap platform, which launched in April 2021.
Bakkt in the United States announced a significant $50M Post-IPO Equity investment on 02/29/2024. Bakkt focuses on building viable solutions that enable their clients to grow with the crypto economy through a regulated approach.
Arkis, also in the United States, successfully raised $2.2M in Pre-Seed funding from gumi Cryptos Capital (gCC) on 02/27/2024. Arkis offers multichain, undercollateralized leverage powered by portfolio margin while also ccelerating the maturity of decentralized finance.
Eightco Holdings, Inc. Holdings in the United States received $810K in Post-IPO Equity funding on 02/27/2024. Eightco Holdings is a dynamic technology-focused company committed to driving growth and innovation through strategic acquisitions and management.
Coinweb.io in the United Kingdom secured $650K in a Seed round with GDA Capital on 02/27/2024. Coinweb is designed for mass adoption, focusing on revolutionising scalability and interoperability via an open- source, consensus-free, and decentralised platform.
Sphere Labs in the United States announced a $2.8M Seed round led by Jump Trading on 02/27/2024. Sphere focuses on improving money movement, from wire, bank transfer, cards, and more, to provide support for every major network. Sphere also concentrates on tracking users' subscriptions, invoices, and payment links both efficiently and seamlessly.
BuildBear Labs in Singapore closed a $1.9M Seed round with 1kx on 02/27/2024. BuildBear is a revolutionary DevTool designed from the ground up to ensure your creation is production-ready from the get-go. Their robust platform empowers users with continuous, automated testing powered by the lightning-fast Phoenix Engine.
Congratulations to these companies and exciting times ahead! Be sure to follow CryptoWeekly for all the latest updates regarding crypto, fundraising, and Web3.
Fundraising Deals - February 27th To 4th March
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