46 Projects that Raised Funds from 3/16 to 3/22
The top 5 projects by fundraising amount were all ZKP-related projects.
Good morning.
This is Mitsui, a web3 researcher.
Today, in the "Weekly Web3 Fundraising NEWS", I've summarized the projects that have raised funds in the past week. Please take a look! (I've changed the way I summarize it a little)
💥Top 5 Projects by Funds Raised
1、Figure Technologies
Summary: A financial technology company pioneering decentralized solutions such as Figure Markets, an exchange built on the Provenance blockchain for trading various securities and cryptographic assets. Figure Markets uses an MPC wallet to mitigate the risk of single points of failure inherent to centralized exchanges and promote efficiency and security in the digital asset market. They are also pushing for innovations in the field of stablecoins, aiming to provide an alternative to registered securities with revenue-generating capabilities.
Category: CEX
Funds Raised: 60 million dollars
Investment Round: SeriesA
Investors: ★Jump Crypto, ★Pantera Capital, ★Lightspeed Faction, Distributed Global, Ribbit Capital, CMT Digital
2、Succinct Labs
Summary: A company aimed at enabling developers to access ZKP. Their flagship project SP1 is a high-performance open-source zkVM that allows developers to create ZKPs using Rust, and leverage Succinct's distributed prover network to efficiently generate proofs with one click. They aim to revolutionize the state of blockchain architecture and bolster security and scalability.
Category: ZKP, Infrastructure
Funds Raised: 55 million dollars
Investment Round: SeriesA
Investors: ★Paradigm, Robot Ventures, Bankless Ventures, Geometry, Zero Knowledge Validator (ZKV), Elad Gil, Sreeram Kannan, Sandeep Nailwal, John Adler, Daniel Lubarov
3、Espresso Systems
Summary: Supports layer 2 rollups with scale, decentralization, and interoperability. Provides a shared sequencer to improve gas efficiency.
Category: Infrastructure, ZKP, DA
Funds Raised: 28 million dollars
Investment Round: SeriesB
Investors: ★a16z crypto, P2 Ventures (Polygon Ventures), Taiko, O(1)Labs, Starkware, Offchain Labs
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