Web3 Fundraising Deals - 5th To 11th November 2024

StakeStone raised $22M in Undisclosed Funding with help by Polychain Capital. StakeStone is a liquidity staking derivatives basket (LSDb) token backed by ETH staking yield. It offers a highly adaptable staking yield-bearing underlying asset for protocols requiring liquidity staking derivatives.

CoW Protocol acquired an undisclosed amount in Strategic Funding with Greenfield Capital providing assistance. CoW Protocol is a fully permissionless trading protocol that leverages Batch Auctions as its price finding mechanism. The protocol enables batch auctions to maximize liquidity via Coincidence of Wants (CoWs) in addition to tapping all available on-chain liquidity whenever needed.

BIO obtained an undisclosed amount with support by Binance Labs. BIO Protocol is a financial layer for decentralized science (DeSci) aimed at accelerating the flow of capital and talent into on-chain science.

MAP Protocol acquired $1M in Strategic Funding with help by Gryps. MAP Protocol (MAP) has rebranded to New Token Symbol MAP Protocol (MAPO). It is a Bitcoin layer-2 and P2P omnichain infrastructure built upon light clients and ZK technology.

Pond secured $7.50M in Seed Funding with support by Archetype Ventures Inc. Pond is focused on developing a user search engine powered by on-chain data, using a proprietary graph algorithm to explore blockchain connections. The company expanded to build crypto-native AI models and a unified graph network covering social, financial, and other on-chain data.

Cytonic raised $8.30M in Seed Funding with assistance by Lemniscap. Cytonic is developing a multi-virtual-machine blockchain that aims to integrate networks like Bitcoin, Ethereum, and Solana into a unified Layer 1 blockchain solution.

Rekt Brands Inc secured $1.50M in Seed Funding with support by GiulioX. Rekt Brands Inc. is the parent company behind the Rektguy NFT project, Rekt Drinks, and the Rekt brand intellectual property.

Usual obtained $1.50M in Undisclosed Funding with help by Breed VC. USUAL is a project focused on issuing secure and decentralized fiat stablecoins, redistributing ownership and governance through the $USUAL token.

Blum acquired an undisclosed amount with support being provided by The Open Platform. Blum is a hybrid exchange, that facilitates trading across multiple chains without the need to switch chains or pay native token gas fees. It combines an off-chain order book with on-chain settlements and offers both MPC and self-custody options.

HackQuest secured an undisclosed amount in Strategic Funding with assistance by KIP Protocol. HackQuest is a platform that provides a comprehensive, one-stop educational infrastructure to help developers and non-developers learn about Web3 development. It aims to minimize friction in onboarding users to the world of Web3.