Ruceto tracked over $225 million in institutional investments into crypto or web3 companies last week. Covered investments include EigenLayer, Fetch.ai, apM Coin, Cega, Polytrade and 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 |
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True Global Ventures, Digital Finance Group(DFG), Vayner Fund,10T Holdings, Cap Horn Invest and various others. |
Hardware cryptocurrency wallets that provide high level security for managing your crypto assets and protect your private keys from being exposed |
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Blockchain Capital |
EigenLayer is a set of smart contracts on Ethereum that allows consensus layer ETH stakers to opt in to validating new software modules built on top of the Ethereum ecosystem, thus providing pooled security via restaking and free-market governance |
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DWF Labs |
An AI focused platform that enables users to create smart, autonomous services on the web3 ecosystem, providing a new way to automate complex systems and reinvent business models |
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Paradigm |
A crypto-native infrastructure platform that offers a range of services for building and deploying blockchain solutions, one of which allows users to deploy production-grade OP Chains (rollups on top of Ethereum using the OP Stack) with ease, without any need for operations on the user's side |
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Dragonfly Capital |
An on-chain order book built for the Aptos blockchain providing high-performance trading functionality for equitable, global market access. It serves as the settlement layer for Aptos DeFi, supporting the development of new decentralized financial applications |
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DWF Labs |
Partners with B2B fashion malls in Korea to provide a customer rewards management platform on the blockchain |
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Dragonfly Capital |
A decentralized protocol that provides exotic derivatives and high yield generation on USDC deposits through staking in one of its vault products. Cega claims to have a built-in protection for retail investors against market downturns |
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Alpha Wave Global, Matrix Partners, Polygon Studios, CoinSwitch Ventures |
A DeFi platform that utilizes blockchain technology to revolutionize receivables financing. |
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The Sandbox, Gemini Frontier Fund, Kingsway Capital, HodlCo |
A metaverse builder that’s helps brands develop virtual experiences, enabling brands to captivate their audience and increase engagement. |
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Fetch.ai is an Artificial Intelligence powered decentralized platform that utilizes blockchain and smart contracts to facilitate the development of automated services. Fetch.ai has created a unique agent-based technology to rapidly develop micro automations, provide AI-based collective learning and enable users to create their own rules. The FET token is the native currency of the Fetch.ai ecosystem, and holders of FET can earn semi-passive income from staking and contributing to the Fetch network’s operations.
apM Coin is developing a customer reward management platform that utilizes blockchain technology. By partnering with Korean B2B fashion malls apM, apM PLACE, and apM Luxe, the project seeks to revolutionize customer reward systems and create an efficient, secure digital payment system. Its token, APM, is used as a payment method when app users purchase apM digital vouchers sold on apM Chain platform, or when they access customer management services.
Cega is a decentralized derivatives protocol that offers a suite of exotic options products for investors. They claim that their products are designed to generate safer yields and provide protection against market volatility. Their technology enables investors to access customizable payment structures, expiration dates, and strike prices, allowing them to express their views of the market flexibly and diversify their portfolios. Per Cega co-founder and CEO Arisa Toyosaki, “A very popular strategy on Cega is you are betting that in the next 27 days that neither bitcoin nor ether will fall more than 50%. And if you are right, which like 90% of the time you are, you would be able to get 12% APY.” Cega is Solana-based and will launch on Ethereum.
Polytrade is a decentralized, blockchain-based platform that connects buyers, sellers, insurers, and investors to participate in receivables financing. Polytrade offers automation, ease of use, notifications, real-time updates, risk management, privacy, dispute resolution, digitizing existing invoices, and settlement of invoices. TRADE coins serve as a payment instrument and are rewarded to stakeholders for every transaction to incentivize use of the platform. Coins are also used for governance, staking rewards, and as a settlement instrument.
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