Web3 Fundraising Deals - 27th August To 7th September, 2024

IDA raised $6M in Seed funding with assistance by Hashed Fund. IDA is a digital asset technology company to spearhead the widespread adoption of blockchain finance and empower businesses to integrate between Web2 and Web3.

Kredete secured $2.25M in Seed funding with support by Blockchain Founders Fund. Kredete is a financial platform focused on empowering African immigrants by enabling them to build credit and send money home with low fees.

Adot raised an undisclosed amount in Strategic funding with help by Aptos Foundation. Adot is a decentralized search network for the AI Internet, enhancing Web3 content search and empowering developers to create personalized search features. Its goal is to surpass traditional search engines, making high-quality data openly accessible.

Odos secured an undisclosed amount in Series A funding with support by PAKA. Odos is a cutting-edge platform that caters to both institutional and retail traders, empowering them with a competitive edge in swaps.

Verofax secured $3M in undisclosed funding with support by Plug and Play Tech Center. Verofax leverages advanced Web3 technologies, such as AR, AI, and blockchain to enhance marketing experiences for tourists, shoppers, and brands.

Bridge raised a whopping $58M in undisclosed funding with assistance by Sequoia Capital. Bridge is building a stablecoin-powered money movement platform, offering services such as payouts, cross-border payments and exchanging foreign currencies.

Mereo. secured an undisclosed amount in Strategic funding with support by Aptos Foundation. Mereo is a platform designed to enhance fan engagement by rewarding fans for their interactions and reputation. It allows users to create dynamic tickets that evolve based on fan actions, facilitating event creation, ticket sales, and attendee management.

Edge Matrix Chain (EMC) raised $20M in undisclosed funding with help by P2 Ventures. EMC is a blockchain and P2P (Peer-to-Peer) network-based edge computing protocol that encompasses features such as smart contracts.

Quai Network obtained $5M in Strategic funding with assitance by MH Ventures. Quai Network is designed to create radically more efficient blockchains. Since Quai Network is modular, it can scale horizontally to accommodate more users as the network grows.

Bware Labs raised an undisclosed amount with support by Alchemy. Bware Labs aims to tackle Web3 challenges and boost global adoption by offering high performance and reliable infrastructure services and development tools. The ultimate goal is to create a development and infrastructure ecosystem that can support builders throughout their entire Web3 journey.