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Supercell invests in Moonfrost, Delphia raises $60M in Series A round

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

Published Jun 12 2022

Updated Apr 11 2023

8 min read

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 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.

Walken (WLKN) raised $4.7M

What is Walken?

Walken is a move-to-earn and win-to-earn project built on Solana. Unlike current move-to-earn projects, users can use Walken without any cost. Walken will give the user a Cathlete character and it will level up based on the distance the user has traveled. The higher the Cathlete level, the more attractive the rewards will be. In the past week, Walken has successfully raised $4.7M.

Famous Venture Capitals participating in the funding round:

Yield Guild Games and YGG Sea: 2 big gaming guilds on the market,
Shima Capital: An investment fund founded by Yida Gao, a young trader who made it to the top of Forbes Under 30 2020. The fund focuses on investing and supporting projects in the blockchain field with nearly 90 capital investments.
Moon Holdings: Thomas Vu's investment fund, who runs Franchise Development at Riot Games.

Goals after the funding round: The funds will be used to prepare for the launch of Walken in the second half of June 2022.

Chibi Clash (CLASH) raised $3M in private round

What is Chibi Clash?

Chibi Clash is a free play-to-earn game, run by many veterans in the traditional game industry from Zynga, EA, Funcom or Bandai Namco. This game is inspired by Hearthstone Battlegrounds, where players will collect, upgrade and send their characters to the battlefield, compete and receive attractive rewards.

Famous Venture Capitals participating in the funding round:

Shima Capital: An investment fund founded by Yida Gao, a young trader who made it to the top of Forbes Under 30 in 2020. The fund focuses on investing and supporting projects in the blockchain field with nearly 90 investments.
Kyros Ventures: The investment arm of Coin68, a large crypto company in Vietnam.
DAO Alliance: One of the biggest DAOs in the crypto market.

Goals after the funding round: In addition to the money supported by Venture Capitals and angel investors to continue building the game and developing the community, Chibi Clash will also have more resources from them in areas such as marketing, customer source, recruitment,…

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,...

Delphia raised $60M in Series A

What is Delphia?

Delphia is a stock investment support protocol for the US market. Delphia will use special algorithms to help users invest with good returns. Unlike current trading bots, Delphia allows investors to choose their favorite stock and their own investment style. What's special about Delphia is that users can start using the protocol for as little as $10.

Famous Venture Capitals participating in the funding round:

Multicoin Capital: An investment fund based on “investment thesis” that specializes in investing in the crypto market in the form of investing in project tokens and shares in blockchain companies.
FTX Ventures: The investment arm of the FTX exchange.

Goals after the funding round: The capital will be used to upgrade Delphia's system, continue the process of creating trading algorithms and bring this technology to more investors.

Euler Finance raised $32M in seed round

What is Euler Finance?

Euler Finance is a lending/borrowing project on Ethereum. Unlike popular lending protocols like Compound or Aave, Euler Finance allows users to add any wETH trading pair on Uniswap to start using. That is also the primary purpose of Euler Finance when they started building the protocol, helping investors eliminate the limit of trading pairs when lending/borrowing.

Famous Venture Capitals participating in the funding round:

Haun Ventures: A Venture capital fund, founded by Kathryn Haun. She is the founder of Haun Ventures, sits on the board of Coinbase, OpenSea and autograph. She previously taught in the field of business at Stanford University and is a former General Partner at a16z.
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 capital will be fully used for the upcoming treasury diversification round of Euler DAO (Euler Finance's own DAO).

Entropy raised $25M in seed round

What is Entropy?

Entropy is a project about crypto custody. Cryptocurrency custody is a stand-alone security and storage solution that combines hot and cold storage for money storage that is usually used by institutional investors, exchanges, and hedge funds. But Entropy is aimed at all investors, large and small in the market, who want to remove the barrier of money when using custody services.

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: A Cryptocurrency Investment Fund established in 2018. It was 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: The capital raised by Entropy in this seed round will help their team continue to build the project and possibly bring Crypto Custody to more investors, not just characters with huge money.

Chillchat raised $8.35 M in seed round

What is Chillchat?

Chillchat is a metaverse where users are the main creators. Built in the form of pixels, Chillchat provides users with the necessary tools to create in-game items. At Chillchat, anything can be created from characters, avatars, pets, .. . depending on the creativity of the user and they will be directly converted into NFT in the game. In the past week, Chillchat has successfully raised $8.35M in the seed round.

Famous Venture Capitals participating in the funding round:

Spartan Capital: A Crypto Venture that mainly invests in the primary and secondary market in the Crypto sector. Their team has over 20 years of experience in investment research and capital management for leading companies such as Goldman Sachs and Indus Capital.
Animoca Brands: The leader in the blockchain gaming market and 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 capital will be used directly to develop the infrastructure for Chillchat and the community around it.

The Red Village raised $6.5M in seed round

What is The Red Village?

The Red Village is a play to earn game developed on Polygon. This game has classic graphics compared to current blockchain games. The Red Village comprises two game modes; Tournament mode (which is currently live and playable in alpha and supported by a thriving community), and an expansion of the ecosystem known as The Red Village: Darklands, currently under development by Animoca Brands’ subsidiary Blowfish Studios.

Famous Venture Capitals participating in the funding round:

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.
Gamefi Ventures: A Venture capital fund that focuses on the gamefi sector. The company also includes a gaming guild on its platform.

Goals after the funding round: The capital will be used to continue building and developing The Red Village. With the help and huge customer network from Animoca Brands, The Red Village will be able to develop very quickly.

Ancient8 raised $6M in private sale

What is Ancient8?

Ancient8 is a Blockchain Gaming Guild created for the purpose of helping more Vietnamese gamers have the opportunity to access the new Play-To-Earn trend and the GameFi era. Ancient8 is a project collaborated by Coin98 Labs, Kyros Ventures, Coin68 Media and supported by individuals from the FTX exchange.

Famous Venture Capitals participating in the funding round:

Makers Fund: Venture capital fund dedicated to gaming. Besides funding, Makers Fund also provides projects with a customer source, network, and thorough guidance.
Pantera Capital: A famous investment fund led by Dan Morehead. Pantera has invested in more than 80 large and small blockchain companies and 65 seed-stage projects.

Goals after the funding round: With the money raised, Ancient8 will develop the infrastructure for the GameFi array, focusing on the backend software and building the community.

Moonfrost raised $4.5M in seed round

What is Moonfrost?

Moonfrost is a play-to-earn game built by Oxalis Games. Moonfrost will be developed under the life simulation genre, role-playing (role play) in 2D form. With exciting gameplay, lovely and gentle music, Moonfrost will focus mainly on the player's experience and emotions, helping them have an entertaining, stress-relieving and chilling game time as much as possible.

Famous Venture Capitals participating in the funding round:

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 in the market.
Blocore: An investment fund established in 2018. With more than 50 investments and hundreds of millions of dollars poured into the market. The area that Blocore is particularly interested in is gaming and entertainment on blockchain. This is also an early investment fund for Animoca Brands, PlayDapp, WEMIX or The Sandbox.

Goals after the funding round: The capital will help Oxalis Games accelerate the completion and launch of Moonfrost. Moonfrost is also the first blockchain project to attract the giant Supercell to set foot in this crypto market.

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. See you on the next Fundraising Spotlight!