Top 10 Fundraisers in the 3rd Week of October 2023

The third week of October 2023 bore witness to a remarkable surge in fundraising activities within the blockchain and cryptocurrency space. As Web3 and decentralized technologies continue to reshape the digital landscape, innovative organizations have secured substantial investments to further their groundbreaking projects. Here, we take a closer look at the top 10 blockchain-based organizations that successfully raised funds during this exciting period.

Blockaid

Blockaid, a Web3 cybersecurity company, raised a substantial $33 million in funding backed by notable investors, including Rabbit Capital, Variant Fund, Cyberstarts, and more. They design their security tools to prevent malicious transactions, ensuring the safety of Web3 users against scams, phishing attempts, and hacking threats. Their mission is to enhance the overall security of the Web3 ecosystem, a critical component in fostering trust and adoption.

SynFutures

In their Series B Funding round, SynFutures secured $22 million in investment, with the backing of esteemed investors like HashKey Capital, Pantera Capital, and SIG DTI. SynFutures is a decentralized futures exchange, which redefines how users trade assets, including long-tail assets and NFTs. Operating on the Solana blockchain, their platform offers low fees, high liquidity, and innovative trading features, such as the Oyster Automated Market Maker model.

smlXL

smlXL, a blockchain infrastructure service platform, raised $13.40 million in funding, with participation from leading investors such as a16zCrypto and Greylock. They are dedicated to enhancing the utility, accessibility, and transparency of public computers through blockchain technology. One of their flagship products, evm.storage, provides secure and efficient data storage for Ethereum smart contracts, empowering developers and promoting transparency and accessibility within the blockchain ecosystem.

Cube Exchange

Cube Exchange managed to secure $9 million in its seed round, backed by investors like Asymmetric Fund, SIG DTI, Everstake, and more. They are pioneering the hybrid crypto trading platform that merges traditional and DeFi features, offering fast, secure, and user-friendly trading experiences. Features such as rapid order execution and institutional-grade security make it a valuable addition to the crypto trading landscape.

Upland

Upland raised $7 million in their Series A funding round, with the backing of investors EOS Network, C3 Venture Capital, and Animoca Brands. The geospatial metaverse on the EOS blockchain, allows users to buy, sell, and trade virtual properties tied to real-world addresses. By fusing blockchain, NFTs, and augmented reality, Upland creates a virtual world mapped to the real world, making the metaverse accessible and engaging for users.

Coin Metrics

Coin Metrics, the leading provider of crypto financial intelligence, raised $6.73 million in funding. They provide network data, market data, indexes, and network risk solutions to prestigious institutions in the crypto industry, ensuring that they continue to offer essential data and insights.

Beluga

Beluga raised $4 million in funding, with support from investors like Fin Capital, Anagram, Aptos Network, and more. It simplifies the crypto experience, offering guidance to new users on aspects such as DeFi, NFTs, Web3 games, staking, and financial products. Founded by experienced individuals from the crypto and Silicon Valley sectors, Beluga aims to be a trusted platform for users to explore the crypto landscape with ease.

Noble

Noble secured $3.30 million in seed round funding, backed by investors such as Polychain Capital, Interop Venture, and Hustle Fund. It is a specialized blockchain within the Cosmos ecosystem, focused on the issuance and management of native assets, making it easier for entities to mint, burn, and manage tokens on the Noble chain.

Hytopia (ex NFT Worlds)

Hytopia raised $3 million in funding, with backing from Delphi Capital. It is a collaborative video game created by a community experienced in Minecraft’s modding and third-party games ecosystem. Hytopia aims to address creative limitations within the Minecraft ecosystem by offering a free-to-play voxel sandbox game with extensive tools for content creators, fostering an interconnected ecosystem of players, creators, and contributors.

Takadao

In a pre-seed round, Takadao secured $1.60 million in funding, backed by investors like Draper Associates, BIM Ventures, and Core Vision Ventures. Takadao is a Web3 platform with a mission to create a more inclusive and equitable financial system using blockchain technology, serving the global Muslim population with shariah-compliant financial services through products like Takasure, Takatalks, and Takalabs.

In conclusion, the third week of October 2023 marked a significant period for blockchain-based organizations as they secured substantial funding for their innovative projects. These organizations are not only pushing the boundaries of what’s possible within the blockchain and crypto space but also contributing to the evolution of Web3 and decentralized technologies, making them more accessible and secure for users worldwide. As these projects continue to develop, their impact on the digital landscape and the broader economy is sure to be felt in the years to come.