2024

Sapien

Optimism

Ellipsis

<p class="is-style-lead">This week, crypto exchange Kraken stole the show with its $42.5 million grant raise from Optimism.</p> 
<p>Kraken has disclosed its latest decision to launch Ink, a layer-2 on the Optimism (<a href="https://crypto.news/price/optimism/" target="_blank">OP</a>) blockchain. As a part of the deal, Optimism has announced that they will offer $42.5 million, or 25 million OP tokens.</p> 
<p>This has brought the exchange’s funds raised to date to $164.8 million. Crypto.news dug deeper into the firms that raised the most capital from Oct. 27 to Nov 2.</p> 
<p>Here are the firms that bagged million-dollar amounts during this period, according to data from <a href="https://crypto-fundraising.info/deal-flow/?start_date=2024-10-27&amp;end_date=2024-11-02&amp;sortby=raised&amp;sort=desc" target="_blank" rel="nofollow">Crypto Fundraising</a>.</p> 
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<h3 class="wp-block-heading" id="glow-labs-30-million">Glow Labs, $30 million</h3> 
<ul class="wp-block-list"> 
 <li>Glow Labs is a community-powered platform that aims at ramping up global solar energy adoption.</li> 
 <li>The firm raised $30 million from Framework and Union Square Ventures.</li> 
</ul> 
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   https://twitter.com/CryptoDiffer/status/1852028313268568229 
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<h3 class="wp-block-heading" id="nillion-25-million">Nillion, $25 million</h3> 
<ul class="wp-block-list"> 
 <li>Nillion has raised $25 million from investors like Hack VC.</li> 
 <li>So far, the decentralized network for secure storage has raised $50 million.</li> 
</ul> 
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   <p lang="en" dir="ltr">We are excited to announce a total of $50M raised, with our latest $25M round led by <a href="https://twitter.com/hack_vc?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@hack_vc</a>. <a rel="nofollow" href="https://t.co/pFkey0oqQ7" target="_blank">pic.twitter.com/pFkey0oqQ7</a></p>— Nillion (@nillionnetwork) <a href="https://twitter.com/nillionnetwork/status/1851615323163689421?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 30, 2024</a>
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<h3 class="wp-block-heading" id="ellipsis-labs-21-million">Ellipsis Labs, $21 million</h3> 
<ul class="wp-block-list"> 
 <li>The platform that builds sustainable and efficient DeFi protocols has raised $21 million from HAUN.</li> 
 <li>Ellipsis Labs has raised a total of $23.3 million to date.</li> 
</ul> 
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   <p lang="en" dir="ltr">1/ We're excited to announce our $21M fundraise led by <a href="https://twitter.com/HaunVentures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@HaunVentures</a> to accelerate the development of verifiable finance.<br><br>This round includes continuing support from our previous investors <a href="https://twitter.com/ElectricCapital?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ElectricCapital</a>, <a href="https://twitter.com/aeyakovenko?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@aeyakovenko</a>, and <a href="https://twitter.com/paradigm?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@paradigm</a>. <a rel="nofollow" href="https://t.co/i8r4H0QkFB" target="_blank">pic.twitter.com/i8r4H0QkFB</a></p>— Ellipsis Labs (@ellipsis_labs) <a href="https://twitter.com/ellipsis_labs/status/1852030745780396209?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 31, 2024</a>
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<h3 class="wp-block-heading" id="chainway-labs-14-million">Chainway Labs, $14 million</h3> 
<ul class="wp-block-list"> 
 <li>The blockchain infrastructure company focused on Bitcoin, Ethereum, and Zero Knowledge technology has raised $14 million in a Series A round from Founders Fund and other investors.</li> 
 <li>Chainway Labs has raised $16.7 million so far.</li> 
</ul> 
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   https://twitter.com/citrea_xyz/status/1851994301514825902 
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<h3 class="wp-block-heading" id="gelato-network-11-million">Gelato Network, $11 million</h3> 
<ul class="wp-block-list"> 
 <li>Gelato Network has raised $11 million in a Series A round led by HACK VC.</li> 
 <li>The decentralized backend for web3 has raised $23.2 million to date.</li> 
</ul> 
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   <p lang="en" dir="ltr">We raised $11M from <a href="https://twitter.com/hack_vc?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@hack_vc</a>, <a href="https://twitter.com/IOSGVC?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@IOSGVC</a>, <a href="https://twitter.com/animocabrands?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@animocabrands</a> to build Web3's most advanced RaaS Platform.<br><br>Our funding will be used to power the growing wave of rollups on Gelato, such as the newly unveiled <a href="https://twitter.com/inkonchain?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@inkonchain</a> from Kraken.<br><br>This brings our total funds raised to $23 million ↓ <a rel="nofollow" href="https://t.co/aJtCFyNNtQ" target="_blank">pic.twitter.com/aJtCFyNNtQ</a></p>— Gelato (@gelatonetwork) <a href="https://twitter.com/gelatonetwork/status/1850917037079437317?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 28, 2024</a>
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<h3 class="wp-block-heading" id="sapien-ai-10-5-million">Sapien AI, $10.5 million</h3> 
<ul class="wp-block-list"> 
 <li>Sapien is a gamified Web3 platform where users play and train AI by completing various challenges.</li> 
 <li>The firm has raised $10.5 million in a seed round led by Variant.</li> 
</ul> 
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   https://twitter.com/SapienGamified/status/1851706773562134923 
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<h3 class="wp-block-heading" id="pumpbtc-10-million">PumpBTC, $10 million</h3> 
<ul class="wp-block-list"> 
 <li>The liquid staking platform has raised $10 million in a seed round.</li> 
 <li>Lead investors include SevenX Ventures, Mirana Ventures, etc.</li> 
</ul> 
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   <p lang="en" dir="ltr">1<br>We are thrilled to announce the successful closure of our $10 million seed round.<br><br>Led by <a href="https://twitter.com/SevenXVentures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@SevenXVentures</a> and <a href="https://twitter.com/mirana?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@mirana</a>.<br><br>Participating investors included <a href="https://twitter.com/UTXOmgmt?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@UTXOmgmt</a>, <a href="https://twitter.com/0xMantle?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@0xMantle</a> Ecosystem Fund, <a href="https://twitter.com/sevenseas_c?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@sevenseas_c</a>, <a href="https://twitter.com/IstariVentures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@IstariVentures</a>, <a href="https://twitter.com/ArcaneGrp?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ArcaneGrp</a>, <a href="https://twitter.com/CoinSummerLabs?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@CoinSummerLabs</a>, <a href="https://twitter.com/ShardingCapital?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ShardingCapital</a>, and 10K… <a rel="nofollow" href="https://t.co/ccLN9fSe87" target="_blank">pic.twitter.com/ccLN9fSe87</a></p>— PumpBTC (@Pumpbtcxyz) <a href="https://twitter.com/Pumpbtcxyz/status/1851232560657084692?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 29, 2024</a>
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<h3 class="wp-block-heading" id="bitsmiley-10-million">BitSmiley, $10 million</h3> 
<ul class="wp-block-list"> 
 <li>BitSmiley encompasses a stablecoin, a lending platform, and a derivatives protocol.</li> 
 <li>The firm raised $10 million from various investors like Nxgen, IBC Group, etc.</li> 
</ul> 
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   https://twitter.com/bitsmiley_labs/status/1850870433949835355 
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<h3 class="wp-block-heading" id="notable-crypto-vc-funding-rounds-under-10-million">Notable crypto VC funding rounds under $10 million</h3> 
<ul class="wp-block-list"> 
 <li>Spire Labs raised $7 million in a seed round.</li> 
 <li>Alliance Games raised $5 million in a Series A round.</li> 
 <li>81Ravens raised $4.5 million in a seed round.</li> 
 <li>Phylax Systems raised $4.5 million in a pre-seed round.</li> 
 <li>Nitro Labs raised $4 million in a seed round.</li> 
 <li>MagmaDAO raised $3.9 million in a seed round.</li> 
 <li>Native raised $2.6 million in a seed round.</li> 
 <li>Axal raised $2.5 million in a pre-seed round.</li> 
 <li>Streamflow raised $1.9 million.</li> 
 <li>Cap Labs raised $1.9 million in a pre-seed round.</li> 
 <li>KRNL Labs raised $1.7 million in a pre-seed round.</li> 
</ul> 
<p>Have a peek at last week’s column&nbsp;<a href="https://crypto.news/crypto-vc-funding-stripe-bridge-bluesky-15-million/" target="_blank">here</a>.</p> 
<p> Read more: <a rel="" href="https://crypto.news/gaming-revolution-how-crypto-is-reshaping-vr-worlds/"> The gaming revolution: how cryptocurrency is reshaping virtual worlds </a> </p>

Crypto VC funding: Kraken bags $42.5m from Optimism, Glow Labs raises $30m

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