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Recent Funding Rounds for Crypto Projects & Companies on October 23rd, 2023 ๐Ÿ“ˆ

1. Port3 Network

  • Financing: Undisclosed
  • Category: Web3
  • Subcategory: Social Network

About Port3 Network: Port3 Network has secured investments and collaboration opportunities from DWF Labs, with significant backing from Jump Crypto and KuCoin Ventures. This funding will bolster BQLโ€™s development and enhance their upcoming social data layer to align with the dynamic needs of Web3.

Investors:

  • DWF Labs: Lab located in Singapore, established in 2018, holding 33 portfolio companies.
  • Jump Crypto: Fund of undisclosed location, with a portfolio of 76 companies.
  • KuCoin Ventures: Based in Seychelles, founded in 2017 with 31 portfolio companies.

Founders & Team:

Company Profile: Port3 Network has developed SoQuest, a platform that aggregates and standardizes both off-chain and on-chain data, creating a potent Social Data Layer for Web3 applications.


2. PADS Financial

  • Financing: Pre-Seed, $2.2M
  • Category: Others
  • Subcategory: Lending/Borrowing

About PADS Financial: PADS Financial, based in Montrรฉal, has secured its funding primarily from angel investors prominent in Quรฉbecโ€™s real estate scene.

Founders & Team:

Company Profile: PADS offers an advanced lending platform that significantly improves transparency, efficiency, and security in the private lending industry.


3. Crusoe Energy

  • Financing: Debt Financing, $200M
  • Category: Infrastructure
  • Subcategory: Bitcoin Mining

About Crusoe Energy: Crusoe Energy is set for major expansion, thanks to the $200M financing primarily from investment firm Upper90.

Investors:

  • Upper90: A fund based in the USA, established in 2018 with a portfolio of one company.

Founders & Team:

  • Chase Lochmiller
  • Cully Cavness

Company Profile: Crusoe Energy is pioneering in the alignment of computing with climate sustainability. They develop eco-friendly, cost-effective computing infrastructures.


4. BRLA Digital

  • Financing: Pre-Seed, $0.6M
  • Category: Infrastructure
  • Subcategory: Payment

About BRLA Digital: BRLA Digital successfully raised its funding, with significant contributors being Coins, led by Wei Zhou, and Rodrigo Benez.

Investors:

  • Coins.ph: A corporate entity from the Philippines with 2 portfolio companies.
  • Rodrigo Benez: An angel investor from Brazil with 1 portfolio company.

Founders & Team:

Company Profile: BRLA Digital is a fintech firm that specializes in cross-border payments and cryptocurrency infrastructures.


5. Blockaid

  • Financing: Series A, $27M
  • Category: Web3
  • Subcategory: Security

About Blockaid: Blockaidโ€™s Series A funding saw contributions from giants like Sequoia Capital, Greylock Partners, Cyberstarts, Ribbit Capital, and Variant.

Investors:

  • Sequoia Capital: Established in 1972 in the USA, with 66 portfolio companies.
  • Greylock Partners: Based in the USA, founded in 1965 with 14 portfolio companies.
  • Cyberstarts Ventures: An Israel-based fund from 2018 with 2 portfolio companies.
  • Ribbit Capital: Located in the USA, established in 2012 with 28 portfolio companies.
  • Variant: A USA-based fund established in 2020 with 41 portfolio companies.

Company Profile: Blockaid offers Web3 security tools that proactively halt malicious transactions, safeguarding users from potential cyber threats.


6. Ctrl Alt

  • Financing: Seed, $2.7M
  • Category: Others

About Ctrl Alt: Ctrl Alt raised $2.7 million, majorly from Forward Partners and Middlegame Ventures.

Investors:

  • Forward Partners: A fund of undisclosed location with 1 portfolio company.
  • Middlegame Ventures: A Luxembourg-based fund, established in 2018 with 6 portfolio companies.

Founders & Team:

Company Profile: Ctrl Alt offers versatile products catering to fintechs, investment platforms, and asset owners seeking alternative financing solutions.


๐Ÿ” For more detailed information on these companies and their funding rounds, please refer to the respective email addresses provided under each companyโ€™s investor section.

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