This is a “Fundraising Spotlight” series that summarizes 10 outstanding investments in the past week with basic information and development goals of the project.

Large Enterprises And Companies Call For Capital

Huobi Global Launches $1 Billion Investment Fund

What Is Huobi Global (HT)?

Huobi is one of the largest cryptocurrency exchanges in China by trading volume. Huobi is headquartered in Seychelles, and currently has offices in Hong Kong, South Korea, Japan and the United States.

Huobi is also one of the oldest exchanges when it was established in 2013. With a 24-hour trading volume that is always in the top 10, Huobi is a name that many people consider when they want to participate in cryptocurrency trading.

Huobi’s New Investment Fund

Ivy Blocks is the name of the new investment fund of the Huobi Global exchange. This fund was created for the purpose of pouring capital to accelerate construction for DeFi and Web 3.0 projects. According to Ivy Blocks, this fund is managing capital up to 1 billion USD. Capricorn Finance project is the first project invested by Ivy Blocks of Huobi. 

Projects That Already Have Tokens

Projects that already have Tokens and still receive additional investment, prove that the project has new products, new segments, and needs more money to develop. This news will greatly affect the nature and price of the token, please refer to it for more investment perspectives.

Navigate (NV8G) Raised $7.6 Million In The Seed Round

What Is Navigate?

Navigate is a data aggregation protocol built on top of Polygon. This protocol allows users to share data about water sources, climate, noise levels, or even Wi-Fi coverage. Navigate will include two main protocols, Navigate Marketplace for users to upload data and Navigate Dapps for builders to use that provided data. 

Famous Funds Participating: 

• Kraken Ventures: The venture capital arm of the Kraken exchange. This is also the leading fund in this funding round of Navigate.
• Brevan Howard: A hedge fund run by British billionaire Alan Howard. According to 2013 data, the Brevan Howard fund is managing over $40 billion in assets.

Purpose of fundraising: The capital will help Navigate prepare for its upcoming plans. It is known that Navigate’s first product will be Navigate Maps, a map created and owned by the Navigate user community.

Projects Without Tokens

Projects that do not have a Token and are invested will help the project develop and build the basic foundations of that project.

For the project itself, the supporters in this phase are very meaningful to them, so the list below does not help you in investing, but helps you select potential projects to learn about. first, look for opportunities such as participating in Testnet, IDO,…

Wildcard Alliance Raised $46 Million In Series A round

What Is Wildcard Alliance?

Wildcard Alliance is a game that combines blockchain MOBA, strategy and cards. Wildcard Alliance was developed by Paul Bettner, a veteran gamer who has created big games like Age of Empires, Lucky’s Tale and Words with Friends. Through preliminary evaluation, Wildcard Alliance is a game with beautiful graphics and is extremely carefully invested.

Famous Funds participating:

• Griffin Gaming Partners: US-based venture capital fund focusing on the global gaming market, from traditional games to Web 3 gaming.
• Paradigm: An investment fund focused on supporting cryptocurrency projects, founded by Fred Ehrsam and Matt Huang The investment method of the fund is flexible, long-term investment, multi-stage investment. 

Purpose of fundraising: The capital will be used to continue building the Wildcard Alliance game, there is no official launch time for this game. Currently, the game has a beta gameplay version on the Wildcard Alliance website. 

BitCraft Raised $22 Million In Series A Round

What Is BitCraft?

BitCraft is a Web3 Gaming developed by Clockwork Labs. This is a sandbox game in MMORPG genre, bringing players into a large creative space. Players can create a lot of things depending on their creativity. BitCraft is quite similar to The Sandbox but with different visuals and gameplay. 

Famous Funds participating:

• a16z: An investment fund founded in 2009 by Marc Andreessen and Ben Horowitz. This is an investment fund operating in Silicon Valley, California and focusing on investing in technology startups, the Fund is also a well-known market maker.
• Supercell: The most famous game publisher on the market, with 2 legendary games, Clash of Clan and Clash Royale. The company is valued at over 11 billion USD and has revenue in 2021 of $2.21 B, Supercell is considered one of the most successful game publishers in the market.
• David Baszucki: CEO and founder of the game Roblox

Purpose of fundraising: The amount of capital raised will help BitCraft’s team overcome financial barriers, making it easy for them to build and develop the game. Currently BitCraft game is in the Pre-Alpha stage.

PartyDAO Raised $16.4 Million

What Is PartyDAO?

PartyDAO is a DAO that manages the PartyBid project, which is an NFT bidding project with a new format, team auction. An NFT will be joined by many people and contribute any amount of ETH to buy. Once that NFT has been auctioned, it will be immediately split by Fractional according to the percentage of ETH that person has contributed. 

Famous Funds participating:

• a16z: An investment fund founded in 2009 by Marc Andreessen and Ben Horowitz. This is an investment fund operating in Silicon Valley, California and focusing on investing in technology startups, the Fund is also a well-known market maker.
• Dragonfly Capital: Cryptocurrency Investment Fund was established in 2018. Created with the goal of bringing together leading projects in the decentralized economy, investing and supporting project construction, and bringing the best project to the Dragonfly Capital ecosystem.

Purpose of fundraising: PartyDAO used to operate separately and was contributed capital by members in DAO. This fundraising will be proof that PartyDAO has become a public organization, providing a more stable working capital and easier to achieve new goals in the future. 

Ballet Raised $13 Million In Seed Round

What Is Ballet? 

Ballet is a hardware manufacturer for crypto-wallets. The CEO of Ballet is Bobby Lee, a veteran and trendsetter in the crypto space. Ballet’s main product is the REAL Series wallet, which is a cold wallet, but users can still monitor the status and price of assets in the wallet via software on a computer or phone.

In the past week, Ballet has successfully raised $13 million in the seed round

Famous Funds participating:

• Draper Dragon: A cross-border investment fund, between Silicon Valley and Asia. Founded by Larry Li, Andy Tang, Bobby Chao, and Tim Draper in 2006. There are many investments in big projects like Ledger wallet, Oasis Labs and IoTex.
• Digital Currency Group (DCG): An investment fund founded in 2015 by Barry Silbert with the mission to support, accelerate the development of a new financial system on blockchain, by building and supporting companies startups in the field of cryptocurrency and blockchain.

Purpose of Fundraising: The raised capital will be used by Ballet to develop products and improve the company’s business.

Atmos Labs Calls For $11 Million In Seed Round

What is Atmos Labs?

Atmos Labs is a metaverse, play-to-earn game with exploration gameplay, and exploration in the large world. This is a story-focused game with extensive depth. Atmos Labs includes many different game modes, with various in-game equipment and tools. In the past week, Atmos Labs has successfully raised $11 million in the seed round. 

Famous Funds participating:

• Sfermion: An investment fund founded in 2019, Sfermion is an investment company that is the first to focus on the ecosystem of NFTs and the Metaverse virtual world sector.
• Animoca Brands: The leader in the blockchain gaming market. As a publisher for big, familiar games on blockchain such as REVV Racing, and The Sandbox. Animoca Brands also regularly pours large capital into blockchain entertainment startups.

Purpose of fundraising: The funds will be used to build the foundation for the game, expand the community for Atmos Labs and recruit more employees in many fields.

ScienceMagic.Studios Raised $10.3 Million In Seed Round

What Is ScienceMagic.Studios?

ScienceMagic.Studios is a project jointly by ScienceMagic.Inc and Delphi Digital. This is a strategy consulting firm. Specifically, ScienceMagic.Studios will give their partner’s product advice, such as NFT  or Social Token. In the past week, this project has successfully raised 10.3 million USD in a seed round.

Famous Funds participating:

• Coinbase Ventures: The venture capital arm of the Coinbase exchange.
• Digital Currency Group (DCG): An investment fund founded in 2015 by Barry Silbert with the mission to support, and accelerate the development of a new financial system on blockchain, by building and supporting companies startups in the field of cryptocurrency and blockchain.

Purpose of raising capital: The amount of capital will help ScienceMagic.Studios run their business more smoothly and efficiently.

FLOOR Raised $8 Million In Series A Round

What Is FLOOR?

FLOOR is a project about NFT tracking. This project provides users with real-time information about their NFTs. Basic like selling price, floor price, portfolio and even a set of push notifications for users. FLOOR supports multiple platforms and many different e-wallets. In the past week, FLOOR has successfully raised 8 million USD.

Famous Funds participating:

• 6th Man Ventures: A venture capital fund founded by veterans in the field of technology as well as crypto. This investment fund was co-founded by Mike Dudas (CEO of The Block) and Serge Kassardjian.
• Crypto.com Capital: The venture capital arm of the Crypto.com exchange.

Purpose of fundraising: The capital will be used to prepare for the upcoming Public Launch of FLOOR.

Tatsumeeko Raised $7.5 Million in Seed Round

What Is Tatsumeko?

Tatsumeeko is an MMORPG with 3D graphics, quite similar to Genshin Impact in traditional gaming. Tatsumeeko’s origins come from Tatsu.GG, is a community-led project with over 1.44 million Discord members and over 60 million users. Tatsumeeko combined the best of its predecessor and created the first blockchain game directly connected to the Discord platform.

Famous Funds participating:

• BITKRAFT Ventures: Venture capital fund, founded in 2015 by Jens Hilgers. This investment fund has headquarters in many parts of the world. Mainly focused on blockchain gaming, Web 3 and entertainment media markets. 
• Binance Labs: The investment and research arm of the Binance exchange.
• In addition, major gaming guilds have invested such as Ancient 8, Yield Guild Games, Merit Circle and Avocado DAO.

Purpose of fundraising: The capital will be fully used to develop Tatsumeeko. It is expected that Tatsumeeko will be built on Ethereum and Solana. 

Verdict 

Above are the TOP 10 outstanding investment deals in the past week. Follow Coin98 Insights News now to get the fastest updates on all the news and highlights of weekly investment deals in the Investment Funds section!

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

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