Funding Deals - 5th To 11th March 2024

Zama secured a significant $73M in Series A funding, fueled by Multicoin Capital&39s backing. Zama is an open source cryptography company building state-of-the-art FHE solutions for blockchain and AI. It focuses on building apps with FHE (Fully Homomorphic Encryption).

Nav set sail with a $2M Seed investment, though the investor remains undisclosed. Users can optimize their DeFi investments with NAV&39s SIPs and step into the world of quantitative decentralized finance investing.

Firewall fortified its position with $3.7M in Pre-Seed funding, supported by Breyer Capital. Firewall is building the safety rails that enable the everyday person to use the next era of the Internet. The focus is not on marginal improvements rather, to try and bring a paradigm shift in the usability of blockchains.

Hedgehog Protocol emerged with a notable $1.5M in Pre-Seed funding, with undisclosed backers. Hedgehog mirrors the economic essense of blocks without getting into physical blockspace delivery complexities. This approach allows Esko Koivula and his team to create a gas derivatives market that everyone can easily interact with.

Sahara AI powered up with a $6M Seed round, courtesy of Polychain Capital. Sahara is a decentralized AI network which focuses on unlocking fair and universal access to global knowledge capital. They provide blockchain infrastructure that&39s trustless, permissionless, and privacy-preserving.

Meo, based in Denmark, secured $2.46M in Venture funding, while also securing $1M in Debt Financing from Gilion (Formerly Ark Kapital). Meo is an end-to-end platform helping users with seamless onboarding, risk assessment and continuous due diligence of their clients.

Well done to everyone! Exciting times ahead for the entire industry. Once again, be sure to follow CryptoWeekly and check out our website to stay updated on all the latest deals, news, and trends in Web3.