Crypto startups continue to raise capital despite challenging market conditions. In September, notable developments included Amitt Mahajan raising $33 million for Web3 games and Animoca Brands securing $20 million for its Mocaverse platform.
Blockchain Capital closed two new funds, totaling $580 million, to invest in crypto gaming and decentralized finance projects.
Bubblemaps secures $3.2M for data visualization
Data visualization startup Bubblemaps raised 3 million euros ($3.2 million) in a seed funding round led by INCE Capital. The funding will be used to expand the team, hire more developers, and enhance social media marketing initiatives. Other contributors to the funding include Stake Capital, Momentum 6, Lbank, V3ntures, Nicolas Bacca of Ledger, Dyma Budorin of Hacken, and French entrepreneur Owen ‘Hasheur’ Simonin. Bubblemaps aims to become the Google Analytics of Web3, with partnerships established with Arbitrum, Polygon, Avalanche, and BNB Chain.
Blockchain analytics CoinScan raises $6.3M
Crypto analytics platform CoinScan raised $6.3 million in September. The platform offers safety checks, holders and airdrop analysis, and social sentiment analysis for the crypto community. CoinScan is the first product from CryptoHub, a Web3 company backed by Shalom MecKenzie, a top shareholder of DraftKings, along with investors from Playtech and iAngels.
Hinkal Protocol secures $4.1M to enhance privacy in DeFi trading
Hinkal, a privacy protocol, raised $4.1 million in a pre-seed funding round led by Draper Associates. The protocol aims to provide an advanced privacy layer for transactions and assets in various decentralized finance (DeFi) protocols. Psalion Hedge Fund, NGC Ventures, NoLimit Holdings, Draper Dragon, Peer VC, Orange DAO, Web3.com Ventures, and others also participated in the funding round.
Mythic Protocol raises $6.5M seed round for collaborative entertainment
Collaborative entertainment ecosystem Mythic Protocol closed a $6.5 million seed round co-led by Shima Capital’s Yida Gao. The funds will be used to develop and launch core offerings, targeting gamers, creators, and investors. The founding team at Mythic Protocol has a successful track record from launching over 250 game titles since 2009.
ConsenSys launches pre-accelerator program for Web3 founders
ConsenSys, a technology company, introduced its pre-accelerator program called ConsenSys Fellowship to support early-stage Web3 startups. The 12-week program offers guided workshops, mentorship, and access to ConsenSys’ network to accelerate up to 15 startups. Fellowship teams are eligible for follow-on investments from a $1.5 million fund.
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