Venture Trotter Weekly Review: Week Ending 2/3/23

Ruceto tracked over $145 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
U.S. Air Force
SIMBA Chain offers Smart Contracts as a Service with Blocks, allowing enterprises to easily achieve Web3 production, saving up to $1.3M in upfront costs
Haru
Will offer the first clearing and settlement service for physically delivered hashing power contracts
Gradient Ventures, Draper Dragon, Dragon Roark, Active Capital, Borderless HNT and Renegade Ventures, and others
Blockchain nodes as a service
Multicoin Capital
sec3 is a security research firm that prepares Solana DApps for millions of users
boldstart ventures, IBI tech fund
Stops zero day Web3 cyber attacks, economic risks and protects digital assets, protocols and Web3 applications from significant losses
Viola Ventures, Fabric Ventures
Web3 marketing platform
Haun Ventures
An ecosystem of seamlessly interoperable and scalable rollups that can run on any blockchain
CitizenX
Fungify is a non-custodial NFT index and algorithmic lending protocol
NFT
eGirl Capital, Synergis Capita
Web3 game developer
Venom Ventures Fund
Everscale is a unique blockchain design that proposes a scalable decentralized world computer, paired with a distributed operating system — Ever OS
Hack VC
Decentralized lending and borrowing marketplace
Pfizer Ventures
VitaDAO primarily funds translational R&D projects in longevity science
North Island Ventures
Squid lets you swap any token between blockchains, and unlocks access to apps across chains in a single click
IRIS, Axeleo Capital
Customer engagement platform powered by NFTs
KuCoin Labs
Aggregates and standardizes off-chain/on-chain data to build a Social Data Layer that is universally accessible
Scytale
Developing decentralized communication and storage solutions on Polkadot
SQUARE ENIX Co., Ltd. , SEGA CORPORATION , GREE,Inc., and others
Blockchain game platform
YGG

Archimedes is a borrowing and lending protocol that offers high APYs by leveraging yield-bearing stablecoins up to 10x. Lenders provide liquidity to a Curve pool and earn interest through ARCH token emissions (the governance token), stablecoins, or other tokens. Borrowers pay interest upfront with no ongoing interest payments, and earn up to 10x leverage on yield-bearing stablecoins.

Everscale is a proof of stake blockchain that achieves high transaction per second rates due to a scaling technique called sharding. Sharding distributes data across multiple machines, requiring each node of the network to process only a fraction of the transactions and allowing for parallel processing of transactions. EVER is the native token that is used for both fees and governance.

Fungify is a non-custodial NFT index and algorithmic lending protocol. Users have access to NFT sales, NFT-backed loans, and a yield-bearing index token, NFT. NFTs that the protocol bought or holds as collateral are held in the MarketVault primitive. The index token, NFT, is backed by redeemable tokens in the MarketVault, with pricing based on floor values of the collections as determined by Chainlink NFT floor price feeds. FUNG is the governance token for the protocol. Sales to the MarketVault incur a 2% spread from the appraised value, which is paid to FUNG and NFT holders.

VitaDAO is a decentralized science (DeSci) company and DAO for community-governed drug development in the longevity space. The DAO funds and digitizes research in the form of IP-NFTs, and spins out new biotech companies. VITA is the governance token which is used to vote on R&D funding proposals.

YGG Japan runs a blockchain game platform for Japanese players called GabeeTown. One of the co-founders is YGG (Yield Guild Games), a DAO and play-to-earn gaming guild. The YGG token represents partial ownership in tokenized assets of the guild.

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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.

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