Digest
May 23, 2022

Metaverse Fundraising Weekly Report

Metaverse Fundraising Weekly Report #7

Welcome to last week’s fundraising updates for blockchain, Metaverse, and tech companies. 

May 16th

Metatheory, a gaming startup developed by DuskBreakers, has raised $24M in a Series A round. It was led by Andreessen Horowitz and backed by Pantera Capital and FTX Ventures. Among other investors of the round are Breyer Capital, Merit Circle, Recharge Thematic Ventures, Dragonfly Capital Partners, Daedalus, Sfermion, and Global Coin Research.

May 17th

Zacrey, a layer 2 cross-chain protocol, has completed its angel round with the strategic $6M investment by Binance Labs. Spartan Group and Shima Capital led the round in March 2022.

CyberConnect, a Web 3 social graph protocol, raised $15M in a Series A round. 

The raise was led by Animoca Brands and Sky9 Capital. Among other participants are Delphi Digital, Protocol Labs, IOSG Ventures, Tribe Capital, GGV Capital, Spartan Group, Amber Group, Polygon Studios, and SevenX Ventures.  

Certora, a smart contract security firm, has raised $36M in a Series B round. 

It was led by Jump Crypto, with the participation of Tiger Global, Galaxy Digital, Electric Capital, ACapital, Framework Ventures, CoinFund, Lemniscap, Coinbase, and VMware.

Coinshift, a Web3 treasury management infrastructure startup, raised $15M. 

The round was led by Tiger Global led the round. Among other investors are Sequoia Capital India, Alameda Ventures, Spartan Group, Ethereal Ventures, Polygon Studios, and HashKey Capital.

May 18th

DoraHacks, a Hackathon organizer, has raised $20M in a funding round led by FTX Ventures and Liberty City Ventures. Among other investors of the round are Circle Ventures, Gemini Frontier Fund, Sky9 Capital, CryptoCom Capital, and Amber Group.

Pine Protocol, an NFT-backed crypto plan platform, raised $1.5M in a seed round. It was led by Sino Global, Amber Group, and Spartan Group. Among other investors are Alameda Research, Shima Capital, Impossible Finance, and Gate Ventures.

FreshCut, a short-form gaming content ecosystem, raised $15M. 

The leading investors are Galaxy Interactive, Animoca Brands, and Republic Crypto. The round was backed by Hashed, SkyVision Capital, Tamarack Global, C2X, and Polygon. 

QuestBook, a Web3 funding platform, raised $8.3M in a Series A funding. The round was led by Lemniscap. Other investors are Coinbase Ventures, Alameda Research, Dragonfly, Hashed, Polygon, Balaji Srinivasan, Raj Gokal from Solana, Arjun Sethi from Tribe Capital, and Maneesh Sharma from GitHub.

BitKeep, a Web3 wallet, has closed $15M in a Series A funding at a $100M valuation. 

Among the investors are Dragonfly Capital, KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixpor, Bixin Capital, Danhua Capital, Peak Capital, and YM Capital.

Tally Labs, a decentralized content ecosystem, has raised $12M in a seed round. 

The participants are a16z, Dapper Labs, Framework Ventures, and Connect Ventures.

May 19th

Azra Games, a P2E studio, raised $15M in a seed round led by Andreessen Horowitz. 

Among other participants are NFX, Coinbase Ventures, Play Ventures, and Franklin Templeton.

Saga, a Web3 infrastructure startup, has raised $6.5M in a seed round at a $130M valuation. The investors in this round are Maven 11, Longhash Ventures, Hypersphere, Figment, Polygon Studios, Samsung NEXT, Chorus One, GSR, C2X, CRIT Ventures, Merit Circle, Hustle Fund, Unanimous Capital, Strangelove Ventures, and Tess Ventures.

Read related posts:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

More articles
Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

The Calm Before The Solana Storm: What Charts, Whales, And On-Chain Signals Are Saying Now

Solana has demonstrated strong performance, driven by increasing adoption, institutional interest, and key partnerships, while facing potential ...

Know More

Crypto In April 2025: Key Trends, Shifts, And What Comes Next

In April 2025, the crypto space focused on strengthening core infrastructure, with Ethereum preparing for the Pectra ...

Know More
Read More
Read more
Bitcoin, Ethereum, Toncoin: Last Week’s Crypto Rally – Full Update and Outlook
Digest Business Markets
Bitcoin, Ethereum, Toncoin: Last Week’s Crypto Rally – Full Update and Outlook
April 28, 2025
April 2025: Blockchain Projects That Drew the Most Attention
Digest Top Lists Business Markets Technology
April 2025: Blockchain Projects That Drew the Most Attention
April 28, 2025
Ndax, Trump Media & Stellar: The Crypto Power Plays Defining Late April
Digest Business Markets Technology
Ndax, Trump Media & Stellar: The Crypto Power Plays Defining Late April
April 25, 2025
Last Week’s Crypto Moves: From Bitcoin’s Breakout to TON’s Waiting Game
Digest Business Markets Technology
Last Week’s Crypto Moves: From Bitcoin’s Breakout to TON’s Waiting Game
April 21, 2025