Bubblemaps, CoinScan, Hinkal Protocol, and Mythic Protocol have all recently secured funding, adding to the growing list of crypto and blockchain startups in the spotlight.
Despite challenging liquidity and adverse macroeconomic conditions, crypto startups continue to secure substantial funding. In September, the crypto space witnessed significant developments, including Amitt Mahajan, co-creator of Farmville, raising an impressive $33 million to pioneer Web3 gaming, and Animoca Brands disclosing a substantial $20 million in capital infusion to propel the development of its Mocaverse platform.
In another noteworthy development, Blockchain Capital made waves by successfully closing two new funds totaling $580 million, earmarked for deployment in crypto gaming and decentralized finance projects in the upcoming months. Cointelegraph’s venture capital (VC) roundup serves as a testament to the resilience of projects raising capital in the face of the market’s extended downturn.
Bubblemaps Secures a Staggering $3.2 Million for Data Visualization
Bubblemaps, a pioneering data visualization startup, achieved a remarkable milestone by securing €3 million ($3.2 million) in seed funding, led by INCE Capital. This substantial injection of capital will be strategically utilized to expand our talented team, recruit additional developers, and amplify our presence through social media marketing initiatives. Notable contributors to this funding include Stake Capital, Momentum 6, Lbank, V3ntures, as well as industry luminaries like Nicolas Bacca of Ledger, Dyma Budorin of Hacken, and the esteemed French entrepreneur Owen Simonin. Our ambitious vision revolves around becoming the undisputed Google Analytics of the Web3 ecosystem, bolstered by strategic partnerships already established with Arbitrum, Polygon, Avalanche, and BNB Chain.
Blockchain Analytics Powerhouse CoinScan Raises an Impressive $6.3 Million
In a testament to its unwavering commitment to enhancing transparency and analysis within the crypto community, CoinScan, the cutting-edge crypto analytics platform, successfully raised an impressive $6.3 million in September. CoinScan aims to provide comprehensive safety checks, holder insights, airdrop analysis, and social sentiment analysis across the crypto landscape. As the flagship product of Web3 company CryptoHub, backed by none other than Shalom MecKenzie, DraftKings’ top individual shareholder and billionaire, along with investments from Playtech and iAngels, CoinScan is poised to empower users with data pulled from diverse sources for insightful charting.
Hinkal Protocol Secures a Remarkable $4.1 Million to Elevate Privacy in DeFi Trading
Hinkal, a trailblazing privacy protocol, attained a remarkable milestone by securing $4.1 million in pre-seed funding, with Draper Associates leading the charge. Designed to provide an advanced privacy layer, Hinkal shields transactions and assets across various decentralized finance (DeFi) protocols from public visibility. The funding round witnessed active participation from esteemed entities like Psalion Hedge Fund, NGC Ventures, NoLimit Holdings, Draper Dragon, Peer VC, Orange DAO, Web3.com Ventures, and others. Notably, Draper Associates boasts a history of investments in tech giants such as Hotmail, Skype, Baidu, Tesla, SpaceX, Twitch, Cruise, Carta, Webflow, Robinhood, and Coinbase.
Mythic Protocol Raises a Whopping $6.5 Million in Seed Funding for Collaborative Entertainment
Mythic Protocol, driven by a visionary team, accomplished a remarkable feat by closing a $6.5 million seed round, co-led by the founder of Shima Capital, Yida Gao, alongside Alpha JWC, Saison Capital, GDP Ventures, Planetarium Labs, and other prominent backers. Mythic Protocol is actively shaping a collaborative entertainment ecosystem with a game-first strategy to engage, retain, and scale users. The forthcoming months will see these funds deployed to develop and launch core offerings targeted at gamers, creators, and investors. With a founding team boasting over 250 game titles launched since 2009, Mythic Protocol is poised to carry forward its legacy of success into the next era of gaming.
Before You Go: ConsenSys Launches Pre-Accelerator Program for Web3 Founders
In an exciting move to support early-stage Web3 startups, technology company ConsenSys proudly unveiled its pre-accelerator program, the ConsenSys Fellowship. This initiative is specifically crafted to assist budding startups in bridging the gap between visionary ideas and tangible, functional businesses, products, or tools. Over a 12-week duration, the program will offer guided workshops, weekly curricula, mentorship, and access to ConsenSys’ extensive network to accelerate the growth of up to 15 startups. Importantly, fellowship teams will also be eligible for follow-on investments from a dedicated $1.5 million fund.