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VC Roundup: Lightning Network payment rail, DeFi trading platform and blockchain security firm raise millions

Even with the onset of crypto winter, 2022 has been a watershed 12 months for enterprise capital funding. Crypto and blockchain firms collectively raised $30.3 billion in enterprise capitalin the primary half of 2022, exceeding all of final 12 months’s totals. Whereas the variety of offers has declined in latest months, startups on the intersection of blockchain funds, decentralized finance (DeFi) and cybersecurity are nonetheless attracting sizable curiosity from the VC group.The most recent version of VC Roundup highlights a few of the most intriguing funding offers of the previous month.

The dangers and advantages of VCs for crypto communities

ZEBEDEE closes $35M Sequence B

ZEBEDEE, a Bitcoin (BTC)-powered cost processor for the gaming business, has raised $35 million from a number of buyers together with Kingsway Capital, The Raine Group and Sq. Enix. ZEBEDEE is actually a platform that enables sport builders to include programmable cash, together with BTC, into their video games. The cost platform is powered by Lightning Community, making ZEBEDEE a “Bitcoin enabler of alternative” for its companions, in line with Kingsway Capital managing associate Afonso Campos.

Blockchain safety firm raises $90M Sequence A

Blockchain safety agency Halborn closed a $90 million funding spherical in July that was led by Summit Companions with extra participation from Fort Island Ventures, Digital Forex Group and Brevan Howard, amongst others. Halborn was based in 2019 by moral hackers providing blockchain safety providers. The corporate just lately warned MetaMask customers to be weary of a phishing marketing campaign focusing on their browser wallets.

DeFi platform Hashflow raises $25M in Sequence A funding

Hashflow, a decentralized finance buying and selling platform headquartered in San Francisco, has closed a $25 million funding spherical backed by a few of crypto’s most distinguished enterprise funds. The funding spherical, which had participation from Bounce Crypto, Electrical Capital, Dragonfly Capital Companions and GSR, will support Hashflow in increasing its product choices for market markers and institutional merchants.

Socios acquires 24.5% stake in Barca Studios

Fan engagement token platform Socios introduced in early August that it will make investments $100 million in Barca Studios, the digital content material arm of the FC Barcelona soccer membership. Socios, which is owned by blockchain know-how supplier Chiliz, will assist FC Barcelona speed up its Web3 and nonfungible token (NFT) engagement technique. Particularly, Barca Studios is pursuing NFT and metaverse initiatives that can assist the soccer membership interact with its huge world fanbase, and can depend on Socios’ blockchain to ship on the technique.

Crypto Biz: Gucci ‘apes’ into crypto

EtherMail secures seed funding for wallet-to-wallet communications

Web3 e mail resolution EtherMail has raised $3 million forward of the deliberate launch of its encrypted wallet-to-wallet communication service. Scheduled for launch within the third quarter, EtherMail permits Web3 firms to ship “wealthy, related content material on to their asset holders,” thereby decreasing the chance of communication fraud. The service additionally streamlines group publication distribution by enabling autonomous, self-updating mailing lists. The seed spherical was led by Material Ventures and Greenfield One.

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