By Shikha Singh
Azra Games Raises $42.7 mn in Series A, Bringing Total Funding to $68.3 mn
The web3 game developer Azra Games raised $42.7 million in Series A funding, bring its total fundraising to $68.3 million.
Franklin Bi from Pantera Capital led the round. Individuals from a16z crypto, a16z games and NFX provided further support, according to a Tuesday release.
Gate Ventures, Movement Labs, and Boon Ventures Launch $20 mn Fund to Accelerate Web3 Innovation
Gate Ventures, a global venture capital firm specializing in blockchain; Movement Labs, a leader in Move-based blockchain technology; and Boon Ventures, a prominent investor in emerging tech startups, today announced the establishment of a groundbreaking $20 million fund designed to transform the Web3 space. This strategic alliance will invest in cutting-edge projects and accelerate the development of Move-based blockchain technologies.
zkPass Raises $12.5 mn Series A at $100 mn Token Valuation
zkPass, a privacy-preserving protocol for data verification, has raised $12.5 million in a Series A funding round.
Investors in the round included dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures and WAGMI Ventures
Team Behind Mento, EVM for Stable Assets on Celo, Raises $10 mn, Publishes Roadmap
Mento Labs, creators of the decentralized EVM platform Mento for stable assets on Celo, announced a $10M funding round with backing from investors like T-Capital, HashKey Capital, and Flori Ventures.
The team also revealed a stablecoin roadmap, planning to introduce local digital currencies such as PUSO (Philippines), cCOP (Colombia), and cGHS (Ghana) to its stablecoin portfolio.
Mento’s protocol operates through over-collateralized and decentralized stable assets, using a crypto reserve to balance supply and demand. This reserve was previously known as the Celo reserve.
Drop Protocol, Liquid Staking Protocol on Neutron, Closes $4 mn Seed Round
Drop Protocol, a liquid staking protocol for interchain assets, announced the close of a $4 million seed round led by CoinFund.
The round was led by CoinFund, with additional backing from CMS Holdings, Anagram, Interop Ventures and Cosmostation.
Notable angel investors include Vasiliy Shapovalov Co-founder of Lido DAO, Mustafa Al-Bassam Co-founder of Celestia Labs, and Jon Kol CEO of Abacus Labs, a core contributor to Hyperlane.
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