🍋 Fresh Funding 🍋
| Name | Area | Raise |
| Briantrust | Web3 | $100M |
| Lydia | Fintech | $100M |
| Mnemonic | NFT | $4M |
| Palm | NFT | $27M |
| Paradigm | Trading | $35M |
| PlatoFarm | GameFi | $1.8M |
Braintrust, Web3/Talent Acquisition: $100M ⮕ The private token sale (BTRST) funding round was led by Coatue and participated in by Tiger Global, True Ventures, Blockchain Ventures, and HashKey.
More:
- Braintrust is a blockchain-based talent network for recruiting freelancers and creators with over 700,000 community members on the platform to date.
- The platform has grown 2,250% since it launched in June 2020 with around $50M in on-chain transaction volume and nearly $30M in payments distributed to freelancers.
- Braintrust will use the fresh funding to fund grants for community projects aimed at improving the network.
- In Oct. 2020, Braintrust raised $18M in a funding round led by ACME and Blockchange.
Lydia, Fintech/Payments: $100M ⮕ The Series C funding round was co-led by Tencent and Accel with participation from Dragoneer, Echo Street, and others.
More:
- Lydia is a mobile-first fintech and payment and investment platform with 5.5M active users.
- The platform expanded into investing back in November by offering crypto and fractionalized stock trading through a partnership with Bitpanda.
- The fresh funding will be used to hire an additional 800 employees over the next three years and accelerate its user growth to 10 million by 2025.
- Lydia received a +$1B post-funding valuation, making it the latest financial app in Europe to reach unicorn status.
Mnemonic, NFT/Infrastructure: $4M ⮕ The seed funding round was led by Kenetic and participated in by Monochrome Capital, Sound Ventures, Coinbase Ventures, Tribe Capital, and others.
More:
- Mnemonic is a B2B NFT startup that provides analytic APIs and cross-chain aggregators.
- The project has been operating in stealth since April 2021 and has partnerships with Mintable and Dapper Labs.
- Lazy Lions, World of Women, Gutter Cat Gang, and Dystopunks additionally use Mnemonic for quantitative data analytics.
- Mnemonic stated that it will begin offering its services publicly starting in 2022.
Palm, NFT Studio: $27M ⮕ The seed funding round was led by Microsoft and participated in by Warner Brothers, Third Kind Venture Capital, The LAO, RRE, and others.
More:
- Palm is an early-stage B2B NFT studio that works with brands to create NFT projects.
- Previous collaborations with Palm included the Space Jam 2 NFT Collection and the NFTs for DC Fandome 2021 event.
- CEO Dan Heyman stated that he believes NFTs will be free in the next three years and hopes to shift NFT adoption from exclusives to community engagement tools.
Paradigm, Trading/Derivatives: $35M ⮕ The Series A funding round was co-led by Jump Capital and Alameda Research with participation from Fidelity Digital Assets, IMC, Genesis Trading, and others.
More:
- Paradigm is an institutional-focused, digital asset spot trading and derivatives platform.
- The startup facilitates $10B in trade volume per month and accounts for 30% of the entire crypto options market.
- Paradigm received a post-round valuation of $400M.
PlatoFarm, GameFi: $1.8M ⮕ The seed funding round was participated in by Block Venture, Chronos, Web4 Venture, OP Crypto, Formless, Cipholioop, and others.
More:
- PlatoFarm is a multi-chain, play-to-earn game developed by Second Space.
- The game’s governance token utilizes a time-of-play model that provides additional voting power based on the amount of time played.
- PlatoFarm is currently in beta with 70K players, with an additional 220K players already pre-registered for the game’s official launch.
