Huobi Global announced new $1B VC, Fundraising market focused on the gaming sector

Highlights in this Fundraising Spotlight: Huobi Global announces a new $1B VC, gaming projects are attractive to the fundraising market,...

Key insights:

• The gaming & NFT sector is accounting for a large part of deal number.
• More than $1.1 billion is recorded in the fundraising market this week, which is much higher than the number of last week ($711 million).
• However, most of the money raised this week is from Huobi Global, as they announced a new investment arm.
• Although the market is covered in red color, the fundraising market is still very active.

Overview of investments & funding activities week 24

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

• 4 Web-3 Gaming projects: Wildcard Alliance, BitCraft, Atmos Labs, Tatsumeeko
• 2 NFT projects: PartyDAO, FLOOR
• 1 exchange: Huobi Global
• 1 project about data: Navigate
• 1 wallet: Ballet
• 1 project in another field: ScienceMagic.Studios

Large enterprises and companies

Huobi Global launches a new VCs with up to $1B capital

What is Huobi Global (HT)?

Huobi is one of the largest cryptocurrency exchanges in China by trading volume. Huobi is headquartered in the 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 Huobi Global. This fund was created for the liquidity purpose to accelerate DeFi and Web 3.0 projects. According to Ivy Blocks, this Fund is managing capital up to $1B. Capricorn Finance project is the first project invested by Ivy Blocks of Huobi.

Projects with 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.

Navigate (NV8G) raised $7.6M in seed round

What is Navigate?

Navigate is a data aggregation protocol built on top of Polygon. This protocol allows users to share their data about anything such as: water sources, climate, noise levels, or even Wifi and network coverage. Navigate will include two main protocols, Navigate Marketplace for users to upload data and Navigate Dapps for builders to use the provided data.

Famous Venture Capitals participating in the funding round:

• Kraken Ventures: The venture capital arm of the Kraken exchange. This is also the fund that led this investment 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.

Goals after the funding round: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 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,...

Wildcard Alliance raised $46M in Series A 

What is Wildcard Alliance?

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

Famous Venture Capitals participating in the funding round:

• Griffin Gaming Partners: US-based venture capital fund, focusing on the global gaming market, from traditional games to Web3 gaming.
• Paradigm: An investment fund focused on supporting cryptocurrency projects, founded by Fred Ehrsam and Matt Huang The fund's investment method is flexible, long-term and multi-stage investment.

Goals after the funding round: 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 $22M in Series A 

What is BitCraft?

BitCraft is a Web3 Gaming developed by Clockwork Labs. This is a sandbox game with 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 gameplay.

Famous Venture Capitals participating in the funding round:

• 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. With a valuation of over $11B and 2021 sales of $2.21B, Supercell is considered one of the most successful game publishers on the market.
• David Baszucki: CEO and founder of the game Roblox.

Goals after the funding round: 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 the BitCraft game is in the Pre-Alpha stage.

PartyDAO raised $16.4M

What is PartyDAO?

PartyDAO is a DAO that manages the PartyBid project, which is a 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 Venture Capitals participating in the funding round:

• 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, bringing the best project for the Dragonfly Capital ecosystem.

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

Ballet raise $13 M in seed round

What is Ballet?

Ballet is a hardware manufacturer for crypto wallets. Ballet's CEO 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 track the status and price of assets in the wallet via software on a computer or phone. In the past week, Ballet has successfully raised $13M in seed round.

Famous Venture Capitals participating in the funding round:

• 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 or IoTex.
• 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.

Goals after the funding round: The raised capital will be used by Ballet to develop products and improve the company's business.

Atmos Labs raised $11M in seed round

What is Atmos Labs?

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

Famous Venture Capitals participating in the funding round:

• 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, The Sandbox. Animoca Brands also regularly pours large capital into blockchain entertainment startups.

Goals after the funding round: 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 $10.3M in Pre-seed round

What is ScienceMagic.Studios?

ScienceMagic.Studios is a project jointly by ScienceMagic.Inc and Delphi Digital. This is a strategy advice firm. Specifically, the new company will advise on and create digital assets (e.g. NFTs and social tokens) for brands, talent and their communities. Over the past week, this project has successfully raised a $10.3M seed round.

Famous Venture Capitals participating in the funding round:

• 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.

Goals after the funding round: The capital will help ScienceMagic.Studios run their business more smoothly and efficiently.

FLOOR raised $8M in Series A 

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 cross-platform and many different e-wallets. Over the past week, FLOOR has successfully raised $8M.

Famous Venture Capitals participating in the funding round:

• 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.

Goals after the funding round: The capital will be used to prepare for the upcoming Public Launch of FLOOR.

Tatsumeeko raised $7.5M 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, 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 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. Primarily focused on the blockchain gaming, Web 3 and media entertainment 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.

Goals after the funding round: The capital will be fully used to develop Tatsumeeko. It is expected that Tatsumeeko will be built on Ethereum and Solana.

Conclusion

This is the end of the TOP 10 most outstanding investment deals in the past week. Follow Coin98 Insights to get the fastest updates on all news and highlights of weekly events!