Web3 Fundraising Deals - May 14th to May 20th, 2024

Sorbet, a platform focusing on innovative financial solutions, secured a strategic raise supported by Adaverse on May 19th.

Bitlayer, a tech company specializing in blockchain infrastructure, secured a strategic raise backed by OKX Ventures on May 19th, gaining notable traction with 396.48K Twitter followers.

Focus Tree, a startup developing advanced AI-driven tools for businesses, raised $2M in Seed funding via Sfermion on May 17th, with influencers like Eva Beylin and Andrew Steinwold showing support.

FantaGoal (FGC), a sports and entertainment platform, secured $3M in undisclosed funding with KuCoin Exchange Ventures on May 17th.

Chainstack 🛠️💙, a blockchain infrastructure provider, raised $6M in undisclosed funding through SBI Investment on May 16th.

Param Labs Inc, a pioneer in decentralized finance (DeFi) solutions, raised $7M in undisclosed funding through Animoca Brands on May 16th, engaging a vast audience of 896.74K on Twitter.

Multipool (MUL), a DeFi protocol, secured $650K in undisclosed funding by NXGEN on May 15th.

STON.fi DEX (STON), a decentralized automated market maker (AMM) built on the TON blockchain, completed an undisclosed funding round led by CoinFund on May 15th.

RavenDAO, a proprietary high-frequency algorithmic trading firm and market maker active on both centralized and decentralized exchanges, raised $2.7M in Seed funding by Hack VC on May 15th.

Pencils Protocol (PenPad), an auction platform and yield aggregator, secured a strategic raise supported by OKX Ventures on May 15th.

Humanity Protocol, a platform aiming to revolutionize human resource management using blockchain technology, secured a substantial $30M in Seed funding by Kingsway Capital Partners on May 15th.

Shogun (GUN), an intent-centric protocol that aims to maximize trader extractable value (TEV) via optimized orderflow and complete chain abstraction, raised $6.9M in Seed funding by Polychain Capital on May 15th, with 24 notable backers.

Cross The Ages (CTA), an NFT and digital arts project trading card game, secured $3.5M in undisclosed funding via Animoca Brands on May 15th.

GamicHQ (GNG), a social app & chat for gamers, creators, and blockchain enthusiasts, raised $1.8M in undisclosed funding by LD Capital on May 14th.

Anomaly, an AI-powered zero-gas layer 3 gaming platform and studio, raised $1.45M in Pre-Seed funding by Shima Capital on May 14th.

Re, a decentralized global insurance transaction layer, raised $7M in undisclosed funding by Electric Capital on May 14th.

Polymarket, a decentralized prediction market, raised an impressive $45M in Series B funding through Founders Fund on May 14th.

Chainalysis, a blockchain data platform that caters to various companies in over 70 countries, completed an undisclosed funding round led by Haun Ventures on May 14th.