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CertiK closed its Series B round with $290 M

This is "Fundraising Spotlight" series, which aims to give you an overview of the 10 biggest investment deals in the past week with basic information and development goals of the projects.

hieunguyen

8 min read

Published May 02 2022

Updated Jun 07 2024

Overview of investment & funding activities W17

In the TOP 10 most famous investments & sponsorship deals in the past week, we have:

3 Exchanges: Vertex Protocol, LimeWire and Tonic DEX

2 NFT Projects: PROOF and Holograph

1 projects about security and audit: CertiK

1 Neobank: Cogni

1 Gaming Guild: Ola GG

1 project about media and entertainment: Mad Realities

Projects that already have Tokens

Projects already have Tokens and still receive additional investments proves that they have new products, new segments, and need more money to develop. This news will greatly affect the nature and price of the tokens, so please refer to it for more investment perspectives.

LimeWire (LMWR) raised $10.4 M in a private sale

LimeWire is an NFT exchange. Unlike other NFT exchanges, LimeWire focuses on music, art and entertainment. With LimeWire, users can easily create, sell and buy NFTs.

Famous Venture Capitals participating in the funding round:

Arrington XRP Capital: A venture capital fund established in 2017. The fund is headquartered in Washington, USA, focusing on investing in the blockchain field with more than 78 capital injections, such as POKT Network or Immutable X.

Kraken Ventures: The venture capital arm of the cryptocurrency exchange Kraken.

Goals after the funding round: The capital will be used first to expand the staff, find new partners, and especially to attract more musicians to LimeWire.

GamerGains (GAMER) raised $5.8 M seed round

GamerGains is an interesting project for traditional gamers built on Solana. GamerGains allows users to earn crypto by playing games. A special feature of this project is that users can still play traditional games such as CS: GO, PUBG or Elden Ring,,.. and receive GAMER tokens.

Famous Venture Capitals participating in the funding round:

Tiger Global Management: An American investment company. It mainly focuses on Internet technology, software, consumer and financial industries.

FTX Ventures: The investment arm of the FTX cryptocurrency exchange.

Goals after the funding round: The capital will be used to build and develop the infrastructure for GamerGains. This project is expected to launch the PC version this spring.

Projects without tokens

Projects that do not have Tokens and are invested in may be able to develop and build their basic foundations.

For the project itself, the supporters in this phase are very meaningful to them, so the list below may not help you in investing, but it helps in choosing potential projects to learn about. You can look for opportunities such as participating in Testnets, IDOs,...

CertiK raised $60 M in Series B

CertiK or CertiK Chain is a security blockchain platform built with the goal of raising the security standards of DApps and Blockchains. CertiK has several key products such as CertiK Security Oracle, CertiKOS, its security operating system, CertiK Chain Virtual Machine (CVM), DeepSEA, its native programming language and CertiK Chain - CertiKShield. Over the past week, CertiK closed its Series B round, successfully raising $60 M.

Famous Venture Capitals participating in the funding round:

Tiger Global Management: An American investment company. It mainly focuses on the Internet technology, software, consumer and financial industries.

Softbank: A Japanese multinational telecommunications company and Internet corporation. This company has many investment funds with different names such as Softbank Vision Fund I, II and invests in a rather "crazy" style with huge capital.

Goals after the funding round: This round will help CertiK reach more goals in the future. In just 2 weeks, CertiK has successfully raised $148 M. The capital in the previous round has not been used by CertiK yet. This will be the last round of Series B funding, a total of $290 M has been invested in CertiK at a $2 B valuation, with over 3200 clients and $311 B of assets protected by CertiK.

Cogni raised $23 M

Cogni is a neobank, the new generation bank. Cogni's product is an online mobile bank. This bank helps users pay and manage assets easily. What makes Cogni special is its very cheap fees, no recurring fees, and no minimum asset deposit limit. Over the past week, Cogni has successfully raised $23M and made significant moves to enter the crypto space.

Famous Venture Capitals participating in the funding round:

Hanwha Asset Management: A long-standing investment and asset management company, established in 1988 in Korea. This is the top 3 largest asset management companies in Korea.

Solana Ventures: The investment arm of the Solana blockchain.

FTX Ventures: The investment arm of the FTX cryptocurrency exchange.

Goals after the funding round: Funds will be used to prepare for Cogni's upcoming events. Cogni has made clear moves to develop its product for the crypto market. Cogni's debut product in the crypto market is expected to be a multi-chain crypto wallet.

PROOF raised $10 M

PROOF is a social, media and entertainment platform for the NFT market. PROOF provides users with the deepest insights in the field of NFT. PROOF will review potential artists, NFTs through articles, or podcasts. PROOF successfully raised $10 M after launching an NFT project called Moonbirds.

Famous Venture Capitals participating in the funding round:

Seven Seven Six: A venture capital fund founded by Ohanian. Mr. Ohanian is the co-founder of the popular social network Reddit.

True Ventures: An investment fund in Silicon Valley, USA. This fund invests in many areas of the market, especially in new technologies such as robotics or artificial intelligence. Proof's founder is Mr. Kevin Rose, also a partner of True Ventures Fund.

Goals after the funding round: The funds will be used to develop PROOF's platform and Moonbirds' upcoming plans. The Moonbirds sale has raised an estimated $75 M. Currently, the cheapest Moonbird has cost up to 115 ETH (equivalent to $346 K).

Vertex Protocol raised $8.5 M seed round

Vertex offers users with many features such as trading up to 44x leverage, Cross-Margin and all trades are directly on-chain. Over the past week, Vertex has successfully raised $8.5M in a seed round.

Famous Venture Capitals participating in the funding round:

Hack VC: A venture capital fund in the US, founded in 2017 by Mr. Ed Roman. This fund mainly invests in the earliest stages of the project. It focuses not only on the cryptocurrency sector but also on fintech, payment,..

Jane Street Capital: Known as Jane Street, is a global monopoly with more than 1,700 employees. The company is one of the largest market makers in the world.

Goals after the funding round: The funds will be used to prepare for the upcoming developments of Vertex. Vertex is preparing to launch new features such as order book trading, vAMM. At the same time, upgrade the existing features, giving users the smoothest user experience.

Ola GG raised $8 M seed round

Ola GG is a Spanish-specific gaming guild. Is an official partner of Yield Guild Games. Ola GG was created with the aim of creating a strong community of Spanish P2E gamers. Currently, Ola GG has more than 3000 scholars.

Famous Venture Capitals participating in the funding round:

BITKRAFT Ventures: Venture capital fund, founded in 2015 by Jens Hilgers. This investment fund has headquarters in many parts of the world. It primarily focuses on the blockchain gaming, Web 3 and media entertainment markets.

Galaxy Interactive: A New York-based investment fund and blockchain game developer. The Fund mainly invests in the Web 3 Gaming market. Currently, Galaxy Interactive is developing the Age of Blood game.

Goals after the funding round:The capital will be used to own yield-generating NFTs technology. In addition, Ola GG will bring to the community content for learning, self-development and self-improvement.

Holograph raised $6.5 M seed round

Holograph is an NFT Ominichain protocol developed by CXIP Labs. Holograph helps unlock more potential for NFTs. The first 3 products of this project are Bridge, Core and Mint. Holograph's Bridge allows users to move NFT easily across EVM-compatible blockchains, Core is a multichain application that initiates APIs for developers, Mint is a no-code-minting protocol.

Famous Venture Capitals participating in the funding round:

Courtside Ventures: A venture capital fund in the US, mainly investing in early stage projects, focusing on sports, technology and media.

Wave Financial: A company that provides financial services and software to small businesses. Wave is headquartered in the Leslieville neighborhood of Toronto, Canada.

There are also many famous people involved in investing such as Diplo, Gmoney or Nadya's Pussy Riot.

Goals after the funding round: The capital will be used for CXIP Labs to continue to build and develop the Holograph project.

Mad Realities raised $6 M seed round

Mad Realities is a rather unique project, aimed at reinventing the traditional entertainment media market. Mad Realities will allow users to participate in a TV show of its own. Mad Realities NFT holders will have the ability to control and contribute content to that program. Over the past week, Mad Realities has successfully raised $6M in a seed round.

Famous Venture Capitals participating in the funding round:

Paradigm: An investment fund focusing on supporting crypto projects. The fund's investment method is flexible, long-term, multi-stage, founded by Fred Ehrsam and Matt Huang.

Maveron: An American venture capital firm that invests in consumer-only and early-stage companies, with offices in Seattle, Washington and San Francisco, California.

Goals after the funding round: The capital will be used to develop Mad Realities. This project will be developed with the desire to make TV shows decentralized, where viewers will have the right to contribute content to this TV show.

Tonic DEX raises $5 M seed round

Tonic DEX is a decentralized cryptocurrency exchange built on top of NEAR. Tonic floor will be developed in the form of an order-book DEX. Building on the NEAR blockchain gives Tonic a fast processing speed, low gas fees and above all, safety and security for users. Over the past week, Tonic DEX has successfully raised $5 M in a seed round.

Famous Venture Capitals participating in the funding round:

Electric Capital: Founded in 2018 by Spencer and Avichal Garg. This fund was established as a Venture Capital Fund. It specializes in investing in projects in areas such as blockchain or fintech at early stages.

Framework Venture: Founded in 2019, Framework is a group of technologists, researchers and investors in Crypto.

Goals after the funding round: The capital will be used to continue developing Tonic. Tonic is currently developing a DeFi platform on NEAR, making it easy for users to trade on NEAR and Aurora.

Conclusion

This is the end of the TOP 10 most outstanding investment deals in the past week. Hopefully, through this article, you will have an overview of the projects that have raised capital during the week.