Dove Metrics 2021 Crypto Fundraising Report
A comprehensive look at last year's fundraising activity
Today we are publishing our 2021 Crypto Fundraising Report.
This report is based on the 1313 rounds we tracked across Web3, DeFi, CeFi, Infrastructure, and NFTs. Our database tracks more than 4300+ active crypto investors (including funds, DAO’s, Labs, and angels). Everything is publicly available here.
Last week 29 projects announced fundraising rounds:
Flip ($6.5M) | Building free tools for artists and collectors to make the most of their NFTs across all chains and marketplaces — with participation from Distributed Global, Chapter One, CMS Holdings, Emily Yang, Keyboard Monkey, Deeze, Larry Cermak, Derek Waltchack, Adam Cochran, Tiny VC, gainzy, Sicarious, Charles Read, and Ad_Infinitum.
Exotic Markets ($5M) | Sustainable Yield and Optionality opportunities on Solana — with participation from Multicoin Capital, Ascensive Assets, Alameda Research, LedgerPrime, Animoca Brands, FMFW, Mgnr, Morningstar Ventures, Solana Capital, SkyVision Capital, TPS Capital, Paradigm, Race Capital, Bitcoin.com, and Astronaut Capital.
xBacked ($1.5M) | A decentralized stablecoin for Algorand — with participation from Borderless Capital, Meld Ventures, Arrington XRP Capital, Delphi Digital, Mechanism Capital, Cluster Capital, 0x Ventures, and Ellipti.
Sygnum ($90M) | The world’s first digital asset bank, and a digital asset specialist with global reach — with participation from Wemade Tree, SBI Digital Asset Holdings, Meta Investments, Sun Hung Kai & Co. Limited, SCB 10X, and Animoca Brands.
JPG ($3.8M) | Building core infrastructure for web3's cultural objects — with participation from Electric Capital, IDEO Colab Ventures, Dragonfly Capital, Nascent, Robot Ventures, FlamingoDAO, The LAO, Stani Kulechov, Will Price, Maya Zehavi, Andy Chorlian, Jacob Horne, Joseph Delong, DC Investor, bitcoinPalmer, Sarah Meyohas, R.I.Rtti, Julia Rosenberg, John Sterlacci, 0xDEAFBEEF, 0x650d, 0xmons, and Freddie Farmer.
Serum ($75M) | A decentralized exchange (DEX) and ecosystem that brings unprecedented speed and low transaction costs to decentralized finance. It is built on Solana and is completely permissionless — with participation from Tiger Global Management, Commonwealth Asset Management, and Tagus Capital.
Goldfinch ($25M) | A decentralized credit platform for crypto loans without collateral — with participation from Andreessen Horowitz, Bill Ackman, Blocktower Capital, Kingsway Capital, Helicap, OrangeDAO, Jinglan Wang, MSA Capital, Kindred Ventures, and Stratos Technologies.
Compendium.Fi ($2.5M) | A compendium of trading tools for multiple ecosystems - all in one app — with participation from Petrock Capital, Axia8 Ventures, Krypital Group, Solar Eco Fund, Red Building Capital, TokenInsight, Zoomer Fund, Graviton Fund, Solanium Ventures, Satori Research, StrangeQuark Ventures, Renaissance Research Ventures, and Globatech Group.
Sacred | A decentralized protocol that enables the private transfer of funds while still maintaining the ability for users to earn interest privately — with participation from Shima Capital, SkyVision Capital, Spartan Group, and Rob Behnke.
Pocket Network ($10M) | Decentralized RPC protocol for any blockchain — with participation from Republic, RockTree Capital, Arrington XRP Capital, C² Ventures, CoinShares, Decentral Park Capital, and Dominance Ventures.
Coin98 Labs | A DeFi product builder focusing on creating & developing an ecosystem of DeFi protocols, applications on multiple blockchains — with participation from Binance Labs.
Livepeer ($20M) | Develops and operates a platform for decentralized live video broadcast on the Internet — with participation from Alan Howard, Tiger Global Management, Digital Currency Group, Northzone, and Warburg Serres.
Neptune Mutual ($3M) | The first decentralized autonomous cover organization on Ethereum, BSC, Polygon — with participation from Animoca Brands, Pacific Century Group, GBV Capital, Fundamental Labs, GSR, and Cambium Grove Capital.
CryptoSlam ($9M) | An aggregator of NFT collectible data from Ethereum, WAX, and FLOW blockchains — with participation from Animoca Brands, Mark Cuban, OKEX, Sound Ventures, Ashton Kutcher, Guy Oseary, KCRise Fund, Mark Pincus, Reid Hoffman, Binance Labs, Polygon, PKO Investments, Patrick Lee, Forte, Sébastien Borget, Redbeard Ventures, Randall Kaplan, Nigel Eccles, James Park, Alexandra Wilkis Wilson, Kun Gao, Chris Wang, Greg Tseng, Holly Liu, Stephen Wang, and Twenty5Twenty.
BlockSpaces ($5.75M) | Providing blockchain integration software for connecting applications and data — with participation from Leadout Capital, QED Investors, Bolt, GTMfund, Druid Ventures, Mark Pincus, Brighter Capital, BlockFund Ventures, and Tony DiBenedetto.
FanTrade ($165k) | A mobile app where earn money by playing daily contests based on real-time crypto and stocks.
Coinme | A leading digital currency exchange on a mission to make digital currency more accessible for everyone — with participation from MoneyGram.
Woo ($12M) | Only platform with ZERO trading fees, DEEP liquidity, and a customizable GUI — with participation from Binance Labs.
Metaversal ($50M) | We produce and invest in iconic NFTs and the technology behind them — with participation from CoinFund, Foxhaven, Collab+Currency, Dapper Labs, Digital Currency Group, Franklin Templeton Investments, Galaxy Vision Hill, Narwhal Ventures, NGC Ventures, Rarible, Rockaway Blockchain Fund, 6ixth Event Fund, Spartan Group, Kain Warwick, Theta Blockchain Ventures, and Trousdale Sarosphere.
Alto ($40M) | Delivering an easy-to-use, automated process for investing in alternatives with IRA savings — with participation from Advance Venture Partners, Unusual Ventures, Acrew Capital, Alpha Edison, Foundation Capital, Gaingels, and Coinbase Ventures.
Aster Protocol ($1M) | The World’s first Web3 social media aggregation infrastructure — with participation from YouBi Capital, Lancer Capital, LucidBlue Ventures, Hitters Xu, Zhen Cao, Lucas He, Pluto Capital, AC Capital, MEXC Exchange, BIP32 Venture, and Kryptos.
Algodex ($3.1M) | Algorand Decentralized Exchange — with participation from Borderless Capital, Black Ventures, Elevate Community Venture, OneBlock Labs, and Existential Capital.
Wall ($1M) | A platform where people can lookout for the top new non-fungible token (NFT) trading — with participation from Woodstock Fund, Lancer Capital, Buidlers Tribe, Arcanum Capital, Tushar Aggarwal, Aniket Jindal, Nitish Mittersain, Vaibhav Domkundwar, Dharamveer Singh Chouhan, Siddhanth Jayaram, and Lumos Labs.
Checksig ($1.7M) | Bitcoin services and custody for financial institutions, institutional investors, and high-net-worth individuals.
TerraScale ($5M) | A green technology company that is reinventing the future of data centers, FinTech, and cybersecurity.
Cion Digital ($12M) | Blockchain orchestration platform — with participation from Green Visor Capital, 645 Ventures, Cota Capital, Epic Ventures, Hourglass Venture Partners, BAT Ventures, Greycroft, and Ulu Ventures.
OpenSea ($300M) | Largest NFTs marketplace — with participation from Paradigm and Coatue Management.
Starbots Game ($2.4M) | First-ever Playable Robot Battle NFT game on Solana — with participation from Impossible Finance, DeFi Alliance, Solar Eco Fund, Parsiq, OKEX, TomoChain, Good Games Guild, Real Deal Guild, Gamee Studio, Lua Ventures, Kyber Network, Solscan, Kyros Ventures, Bigcoin Capital, TK Ventures, ExNetwork Capital, Hub Capital, AU21 Capital, Basics Capital, Formless Capital, and Quadhorn Guild.
D2X ($5M) | The pan-European digital derivatives exchange.