Press Release

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.

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Haider Jamal

Content Strategist

Haider is a fintech enthusiast and Content Strategist at CryptoWeekly with over four years in the Crypto & Blockchain industry. He began his writing journey with a blog after graduating from Monash University Malaysia. Passionate about storytelling and content creation, he blends creativity with insight. Haider is driven to grow professionally while always seeking the next big idea.

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