This article is from:innMind

This article is from:

Original Author: Ivan Orlov

Translator: Odaily

If you are the founder of a Web3 project, I believe you may have deeply experienced the difficulties of starting a business in the Web3 field this year. You may be wondering when this bad period will end, and our recent survey on VC sentiment may have the answers you need.

I decided to write this article for two reasons. First, I believe that for those who have been in the bear market for more than a year and have lost nothing by investing, seeing some successful cases in the current market may have some positive effects; second, this article lists Currently the most active Web3 venture capital institutions, they are continuing to sell, if you have needs, you can contact them directly.

DWF Labs

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DWF Labs is a rising star in the Web3 VC space.

Although DWF Labs is a very "young" fund, in April alone, DWF Labs participated in 10 investments, with a total investment of more than 53 million US dollars. One of DWF Labs’ biggest bets in 2023 was leading a $16 million round in RACA, a community-driven virtual world platform for game studios.

Hashkey Capital

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In April 2023, Hashkey Capital invested in 10 Web3 projects, which together raised $63 million in funding. Nibiru’s $8.5 million seed round is one of the largest funding rounds Hashkey Capital has participated in in recent times. Nibiru is a PoS blockchain within the Cosmos ecosystem that aims to be the hub of decentralized finance (DeFi).

KuCoin Ventures

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In April of this year, Kucoin Ventures made 6 investments, and these projects raised a total of 39 million US dollars in funding. During this period, the largest financing that Kucoin Ventures participated in was the $15 million Series A financing completed by Polyhedra, a start-up project that provides Web3 infrastructure supported by zero-knowledge proofs, focusing on building blockchain interoperability, Scalability and privacy system.

CMT Digital

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In April of this year, CMT Digital participated in six funding rounds, which together raised $24.5 million in funding. Fractal's $6 million seed round is the largest funding round CMT Digital has participated in in recent times. Through Fractal, an institutional-grade technology infrastructure provider, clients will be able to monitor counterparty positions in real-time to reduce risk, which in theory means that the same collateral cannot be traded with multiple counterparties, In order to avoid the previous problem of FTX and 3AC causing users to suffer thunderstorm losses due to opacity.

NGC Ventures

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In April, NGC Ventures participated in a total of six funding rounds, which together raised $149 million in funding. During this period, the largest financing that NGC Ventures participated in was the $120 million Series B financing completed by LayerZero. LayerZero is positioned as a cross-chain messaging protocol, which aims to open up interoperability between different blockchains and promote seamless cross-chain messaging between blockchains.

BiXin Ventures

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In April this year, BiXin Ventures participated in a total of 5 financings, and these projects raised a total of 153 million US dollars in funds. Among them, BiXin Ventures participated in the US$30 million financing completed by Sei Network, a Layer 1 blockchain specially created for DeFi, which aims to become the basic platform of the future financial system.

Spartan Group

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In April of this year, Spartan Group invested in five Web3 startups, which raised a combined $32 million in funding. During this period, the largest financing that Spartan Group participated in was MetaGravity's $9.5 million seed round. MetaGravity is a next-generation virtual world infrastructure provider based in London, aiming to create a technical foundation for scalable and decentralized virtual worlds by building distributed computing infrastructure.

Circle Ventures

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Circle is a technology company specializing in peer-to-peer payments. Founded in October 2013 by Jeremy Allaire and Sean Neville, Circle offers a mobile payments platform called Circle Pay that allows users to securely hold, send and receive traditional fiat currencies.

In April, Circle Ventures participated in five funding rounds that together raised $146 million in funding. Among them, Circle Ventures participated in Rarify Labs’ $10 million financing. Rarify Labs is building Rarimo, an interoperability protocol that enables assets, identities, and dApps to run on multiple chains.

Cogitent Ventures

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In April 2023, Cogigent Ventures participated in a total of 4 financings, and these projects raised a total of $13 million in funding. During this period, the largest financing that Cogigent Ventures participated in was the $2.1 million financing completed by Tribe 3. Tribe 3 is an NFT futures DEX with social and gamification features. Users can trade any NFT perpetual contract through leverage, participate in community battles, earn items based on trading behavior, etc. The mission of this protocol is to become an attractive Social NFT derivatives exchange.

Arcane Group

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In April, Arcane Group participated in four funding rounds that raised a combined $25 million in funding. Among them, the largest financing that Arcane Group participated in was Gameta's $5 million financing. Gameta is a Web3 game platform that provides infrastructure and publishing services for casual games. The project mainly provides simple and interesting mobile games so that players can participate directly on their mobile phones.

Alchemy Ventures

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In April, Alchemy Ventures participated in four funding rounds that together raised at least $11 million in funding. Among them, the largest financing is the $5 million financing completed by Intmax. Intmax is an Ethereum-based Layer 2 network designed to use zkRollup for security, low cost, and scalability.

Polychain Capital

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In April of this year, Polychain participated in a total of 3 financings, and these projects raised a total of 74 million US dollars in funding. Among them, the largest financing is the $42 million financing completed by Berachain. Berachain is an EVM-compatible Layer 1 network based on the Cosmos SDK, which uses the Proof of Liquidity consensus mechanism to provide protection.

Coinbase Ventures

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In April, Coinbase Ventures participated in a total of 3 funding rounds, which collectively raised $15 million in funding. Among them, the $5.5 million financing completed by Dflow is the largest financing that Coinbase Ventures participated in. DFlow allows market makers to buy order flow directly from the wallet application with the guarantee that the market maker will provide execution at the best price. DFlow defines the best price as the lowest public price aggregated for centralized and decentralized exchanges.

Shima Capital

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In April of this year, Shima Capital made a total of 3 rounds, and the invested projects raised a total of 53.5 million US dollars in funds. Among them, the largest financing is the $ 8.5 million financing completed by TinyTap. TinyTap is currently a subsidiary of blockchain gaming company Animoca Brands, which acquired TinyTap last year for $38.88 million in cash and stock. mutual learning between teachers and students.

6th Man Ventures

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In the first half of May 2023 alone, 6th Man Ventures participated in 3 funding rounds that collectively raised $9 million in funding. Among them, the largest financing is the $6.2 million financing completed by Fare Protocol. Fare Protocol uses probabilistic smart contracts to provide a new way to play dynamic tokens. Its "win or lose" system is similar to a lottery, where FARE tokens are burned/minted based on transparent on-chain probabilistic events, but all collected FARE will be redistributed instead of being owned by the dealer.

SuperScrypt

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In April 2023, SuperScrypt funded 2 Web3 startups, which together raised $7 million in venture capital. The largest funding round in which SuperScrypt participated was Catalyst's $4.8 million round. Catalyst is a decentralized protocol that provides permissionless liquidity between modular blockchains.

Sino Global Capital

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In April, Sino Global participated in two funding rounds that together raised $14.3 million in funding. Among them, the largest financing is the US$9.5 million financing completed by MetaGravity. The business of this project has been introduced in the previous article.

MoonPay

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In April of this year, MoonPay participated in two financing rounds, and the total financing of the two projects was 10.1 million US dollars. One of the larger ones was the $8 million round Absolute Lab completed. Absolute Lab is a Web3 CRM solution used by LVMH, The Sandbox, Moonpay and Mocaverse. The solution is designed to enable marketers to gain critical insights into potential customers, unify Web2 and Web3 on-chain data, identify actionable segments and automate cross-channel campaigns, including NFT airdrops across the marketing funnel.

Draper Associates

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In April, Draper Associates invested in two startups that raised a combined $8.8 million. Among them, Draper Associates participated in the $4 million financing round completed by Amboss, a Lightning Network data analytics company that uses data, analytics and social components to enable users to make strategic decisions in routing payments through the Lightning Network.

Robot Ventures

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Robot Ventures, led by Robert Leshner, is an early-stage venture capital firm backing fintech and cryptocurrency companies with ambitious goals and an unconventional perspective.