Venture Trotter Weekly Review: Week Ending 11/04/22

Ruceto tracked over $120 million in institutional investments into crypto or web3 companies last week. Links to the target company website, investment announcement, and token info are provided via hyperlinks on the Target Name, $ Raised, and Token columns respectively.

Target Name $ Raised Lead Investors Description Token
Polychain Capital
The Ethereum Virtual Machine Hub on Cosmos
Strategic round - Undisclosed
Blockchain security
Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, Union Square Ventures, 1kx, HashKey, Foresight Ventures
The communications protocol for web3, WalletConnect brings the ecosystem together by enabling wallets and apps to securely connect and interact
Electric Capital, Delta Blockchain Fund, UDHC
Blockchain data terminal
Enterprise-grade digital asset custody solution for institutions
Pantera Capital
Develops crypto wallets
New Enterprise Associates
Turn your trading cards, sneakers, watches, and more into tradable Connected Collectibles and earn 1% on every future sale
Binance.US, Coinbase Ventures, Lemniscap
Intends to provide a full suite of banking and financial services tailored to business customers looking for enhanced regulatory clarity and minimized transactional risk as they traverse the digital asset space
P2P Capital, Sino Global
Texture plans to offer up to 15% yield for staking Solana. Texture is currently in private beta and will open to the public when an audit is completed, possibly this year.
NetDragon, Sumitomo
Bringing Chinese celebrities to the Metaverse
Variant, FinTech Collective
Liquifies your NFTs to evolve lending
Coinbase Ventures, BlockTower, Scytale, L1 Digital
The on-chain ecosystem for structured credit
LongHash Ventures, Staking Facilities Ventures
Blockchain privacy solutions
Laser Digital
DeFi trading infrastructure

Centrifuge helps small businesses access credit by allowing them to offer real assets, such as real estate, as collateral via tokenization. Borrowers can leverage their assets without using banks or intermediaries, and investors can earn a return and token rewards. Centrifuge’s native token is CFG, which can be used for governance and to pay transaction fees.


Tharsis Labs developed the Evmos blockchain, a Layer 1 Cosmos-based chain with full Ethereum Virtual Machine (“EVM”) support giving it Ethereum compatibility. EVM is the most widely adopted computing standard for smart contract development, so Evmos may receive a great deal of attention from Ethereum developers. EVMOS is the token used for staking, governance and gas consumption.


Zebra Labs enables users to create 3D “Toy” NFTs by putting together unique “Totem NFTs” like building blocks. Totem NFTs are used like 3d building blocks to create TOY NFTs. The company is bringing Chinese celebrities to the metaverse as virtual NFT characters on Douyin videos (Chinese version of TikTok).


Institutional Investors of Crypto


Lingfeng Innovation Fund raised $20 million to invest in web3, and is ultimately targeting a fund size of $30 million. The fund is led by Nicole Zhang, a former Executive Director at Binance Labs. The fund is focusing on pre-Seed to Series A stage investments.


What’s happening at Ruceto


We provide institutional quality research on Web3 projects, and our deep dive report on Oasys is now available! Oasys is a new blockchain protocol for gaming with members of its founding team including executives from Bandai Namco Research, Sega Corporation, and Yield Guild Games. Check out to read it for free before the initial coin offering that’s planned for November!


Ruceto is democratizing Crypto and Web3 research by giving you the opportunity to earn cash bounties for writing reports. Join our Discord to learn about how you can get paid for your insight, or how you can join and follow a community of experts.


Want this info dropped into your inbox every week for free? Subscribe here keep your finger on the pulse for the latest VC activity in the crypto space.



Disclaimer: The content presented is for informational purposes only and does not constitute financial, investment, tax, legal, or professional advice. The content is provided ‘as is’ without any representations or warranties, express or implied.

Scroll to Top