[4/20~26]web3 Fundraising NEWS

There is a lot of funding for AI-based projects.

Good morning.
This is mitsui from web3researcher.

Today's edition of "Weekly Web3 Fundraising News" is a compilation of projects that have been funded in the past week. Please take a look!

💥Top 5 projects in terms of proceeds

1,Movement Labs

• Summary: A modular framework for building and deploying infrastructure, applications, and blockchains using the Move programming language in a distributed environment. The first product, M1, is a Layer 1 blockchain offering high TPS, instant finality, native liquidity access, and customizable features.

• Category: Infrastructure, L1

• Amount raised: $38M

• Investment round: SeriesA

• Investors: *Polychain Capital, Hack VC, Placeholder, Archetype, etc.

2,Aligned Layer

• Abstract: A universal verification layer designed for Ethereum with enhanced zero-knowledge SNARK proofs. Developed on top of EigenLayer, it aims to make Ethereum a more efficient and cost effective platform for SNARK verification by leveraging re-staking and proof aggregation.

• Category: DeFi, LRT

• Amount raised: $20M

• Investment round: SeriesA

• Investors: ★Hack VC, dao5, L2 Iterative Ventures, Nomad Capital, etc.

3,Turnkey.

• Summary: A platform that provides a simple API for securely managing private keys. Users can generate hundreds of wallets and sign thousands of transactions across any given chain. All are granted flexible and programmable permissions to sign only what they need.

• Category: Wallet

• Amount raised: $15M

• Investment round: SeriesA

• Investors: ★Lightspeed Faction, ★Galaxy Digital, Sequoia Capital, Coinbase Ventures, etc.