Funding Rounds


Web3

Hedera-Based Tune.FM Raises $20M for Artist-Friendly Web3 Music Platform

Tune.FM provides musicians with a platform to receive micropayments for streaming in its native JAM token (JAM).

Music (Pexels/Pixabay)

Finance

Crypto Accounting and Tax Reporting Platform TRES Raises $11M to Add New Blockchains

TRES currently services clients with combined assets worth $19 billion, helping them manage, monitor and reconcile their digital asset activity across more than 100 layer-1 and layer 2-blockchain networks.

The TRES team (TRES)

Finance

Bitcoin Project Babylon Raises $18M to Bolster Development of Staking Protocol

The fundraise was led by Polychain Capital and Hack VC and included contributions from Framework Ventures, Polygon Ventures, Castle Island Ventures and OKX Ventures.

Funding (Gerd Altmann/Pixabay)

Finance

Decentralized Infrastructure Provider Grove Raises $7.9M

Decentralized infrastructure is the use of blockchain technology and token incentives to build physical networks so other projects do not need to incur the costs of buying and running their own equipment.

two fingers adding a coin to one pile of coins among many

Finance

Blockchain Messaging Platform Wormhole Raises $225M at $2.5B Valuation

Wormhole, which was recently separated from parent Jump Trading Group after it scaled back its crypto operations, is a developer platform which allows different blockchain networks to communicate with each other.

Wormhole (Genty/Pixabay)

Finance

Digital Asset Platform Coinchange Raises $10M to Scale API Yield Service

The funding round was led by G1.VC, Spirit Blockchain, Good News Ventures, K2.CA and Atoia Ventures, with Mintfox also participating.

Coin jar (Josh Appel/Unsplash)

Finance

A16z Backs Web3 Consumer App Setter in $5M Seed Round

Setter aims to address "the complexity and unfriendliness of current wallet technologies," making entry into Web3 a more seamless experience for more users.

Setter app (Setter)

Finance

Bitcoin-Focused Ordinals Project Taproot Wizards Raises $7.5M in Seed Round

Taproot Wizards, which describes itself as "magic internet JPEGs", offers a collection of Microsoft Paint images of wizards harking back to a 2013 bitcoin meme: "magic internet money."

TaprootWizards.com NFT (ordinals.com)

Finance

Artificial Intelligence Platform Ritual Looks to 'Decentralize Access to AI' With $25M Backing

Ritual's aim is to open access to the infrastructure that lies behind AI innovation, which it claims at present "lies in the hands of a few powerful companies."

Ritual co-founder Niraj Pant (Ritual)

Finance

Crypto VC Funding Slowed Last Week as $35M Raised in 9 Deals Including Uniswap DAO

Summary of blockchain project fundraising for the week of Oct. 30 to Nov. 3. Highlights included a $12M raise for Ekubo Protocol and $6.3M for the AI-based blockchain project Modulus.

two fingers adding a coin to one pile of coins among many