Web3 Fundraising Deals - April 30th to May 6th, 2024

MetaPhone successfully raised $1,000,000 in an undisclosed funding round led by JDI, further propelling its vision in the blockchain service industry. MetaPhone is a project on the TON blockchain which aims to establish a Web3 marketing network. Partnering with a leading 3C manufacturer, the initiative offers a flagship-quality device with premium hardware and Web3 features.

Crestal secured $2,000,000 in Pre-Seed funding, with none other than Sandeep Nailwal backing the project. This injection of capital is set to bolster its initiatives in blockchain infrastructure. Crestal is a dynamic platform for modular services. It enables builders to rely on the Crestal Blockchain for discovering, deploying, and upgrading modular services by connecting decentralized providers to a verifiable Proof of Performance (PoPTM).

Airstack soared with a $4,000,000 Seed round led by Red Beard Ventures, marking significant strides in the blockchain service sector. Airstack is developing protocols and APIs for browsing, discovering, and consuming on-chain data across projects and across blockchains. Opinionated APIs address specific use cases and enable developers to plug-and-play the APIs with minimal setup, configuration, or custom infrastructure required.

Kiosk attracted $10,000,000 in undisclosed funding, supported by Electric Capital, to fuel its endeavors in the social category. Kiosk believes that onchain assets are fundamentally social. Kiosk believes there is a stronger connection and deeper belonging when assets are truly integrated into social.

Mitosis secured $7,000,000 in Seed funding via Amber Group, signaling strong investor confidence in its DeFi ventures. Mitosis comprises the Mitosis L1 Ecosystem and Mitosis Vaults across multiple networks. It manages liquidity by different networks, termed Ecosystem-Owned-Liquidity (EOL), allowing participants to influence liquidity allocation decisions.

Shadow War hit a milestone with a $5,000,000 Series A round, backed by Momentum 6, in the GameFi domain. Shadow War is a third-person 5v5 action game that blends elements of futurism, fantasy, and competition. The game provides avenues for free players to earn top-tier resources without relying on pay-to-win mechanics.

Securitize made waves with a $47,000,000 strategic investment by BlackRock, highlighting its pivotal role in the CeFi landscape. Securitize is a digital asset securities firm that facilitates access to alternative investments for shareholders and assists companies in raising capital and managing shareholders.