Venture Trotter Weekly Review: Week Ending April 7, 2023

Ruceto tracked over $230 million in institutional investments into crypto or web3 companies last week. Covered investments include RACA, Alchemy Pay, Bitget, Nibiru and various others.

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
Andreessen Horowitz, Circle Ventures, Sequoia Capital, OpenSea, Samsung Next and various others
An omnichain interoperability protocol that enables secure data and value transfer between various blockchains
Pantera Capital
Decentralized financial infrastructure designed to enable large-scale, secure and efficient on-chain transactions
DWF Labs
A DAO that is building a metaverse and Web3 gaming ecosystem
Polychain Capital
Developing infrastructure for Web3 interoperability and privacy with zero-knowledge proof systems. Its products include zkBridge, ZK-DID and ZK-NFT, providing efficient and privacy-preserving solutions for asset transfers and data sharing between Web2 and Web3 systems
DWF Labs
A payment platform that allows users to buy crypto or NFTs in fiat, and enables businesses to accept crypto and receive funds in its local currency
ACH
Dragonfly Capital
A cryptocurrency trading platform offering spot and contracts trading with advanced investment tools
BGB
Tribe Capital, Republic Capital, NGC Ventures, Original Capital
An open-source, proof-of-stake blockchain platform that enables users to securely trade with leverage across various blockchains, featuring decentralized applications including, spot trading, staking, and bonded liquidity provision
SNZ, Everest Venture Group, Folius Ventures, Y2Z Ventures, Mask Network, Tess Ventures, Stratified Capital, Mindfulness Capital, and more
Developer of a social metaverse app that is powered by AI
Maven 11 Capital
A platform that provides users with cross-rollup composability and atomic transaction inclusion, enabling fast block confirmations and censorship resistance.
Initialized Capital, Archetype,
Provides developers with an easy-to-use blockchain indexing platform designed for hosted subgraphs, featuring advanced metrics, flexible subgraph versioning, and direct access to underlying Postgres DB
Sentillia
A cryptocurrency exchange platform claiming to offer security, transparency and a level-playing field for all crypto investors
Web3.com Ventures
Providing ZK-rollups as a service
Multicoin Capital
A co-ownership platform that provides digital communities with a range of web3 capabilities that enable them to co-buy and co-use digital assets, raise funds on-chain, and co-create collaboratively
Collab + Currency
Carbon-backed digital collectibles, allowing individuals to directly finance carbon sequestration projects with the goal of making a positive impact on the planet
Gumi Cryptos Capital, CMT Digital
A crypto payroll company that enables tax compliant payroll solutions and HR management for employers worldwide
Hivemind
Developer of a video meeting dApp and decentralized communication infrastructure
1confirmation
An online platform for Ethereum Name Service domain exploration and purchase

Raca is a platform that allows users to build, manage, and trade digital assets in a secure, transparent, and decentralized environment. It offers a suite of products, such as the Metamon World, USM Metaverse, and NFT Marketplace that enable users to access a variety of blockchain-based services. It’s token and primary currency for the ecosystem, RACA, can be used to earn staking rewards, participate in governance decisions, and receive discounts on certain transactions.

AlchemyPay is a global financial platform that provides a secure and easy to use gateway for fiat-crypto purchases. By using the AlchemyPay platform, users can reduce transaction costs, and reduce settlement times. The platform is powered by its own native token, ALCH, which is an Ethereum based ERC-20 token, and can be used to pay for goods and services. AlchemyPay incentivizes its users by rewarding them with ALCH tokens for making successful transactions on the platform and participating in the platform’s staking program.

Bitget is a digital asset and cryptocurrency trading platform that offers a wide variety of digital assets for trading, including a range of tokens from various blockchain projects. In addition, Bitget provides several features to help users optimize their trading strategies, such as real-time charts and market analysis. The Bitget Token (BGB) is a native utility token that offers users multiple benefits within the Bitget ecosystem. By holding BGB, traders can access special discounts on trading fees. Additionally, users of different levels can use BGB as proof of rights and interests, and it can also be used as a social token for the interaction between fans and copy traders.

Nibiru is an open source, proof-of-stake blockchain, and a member of the Cosmos Ecosystem. The project enables leveraged trading with a suite of decentralized applications on over 40 blockchains. Nibiru has implemented a two-token system consisting of NIBI and NUSD. NIBI is a staking and utility token, while NUSD is a capital-efficient, partially collateralized stablecoin. NUSD can always be exchanged for an equivalent value in NIBI.

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Disclaimer: The content presented is for informational purposes only and does not constitute financial, investment, tax, legal, or professional advice. Nothing contained in this report is a direct or indirect recommendation or suggestion to buy, sell, make, or hold any investment, loan, commodity, or security, or to undertake any investment or trading strategy with respect to any investment, loan, commodity, security, or any issuer.

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