Ethereum

Volta

2024

<p class="is-style-lead">In a whirlwind of funding activities, several projects in the <a href="https://crypto.news/zilliqa-restores-blockchain-after-failures-with-block-generation/" rel="">blockchain</a> and <a href="https://crypto.news/cryptocurrency-supply-total-max-circulating/" rel="">cryptocurrency</a> space have recently clinched venture capital backing to propel growth and development.</p> 
<h2 class="wp-block-heading" id="arbelos-markets-secures-28-million">Arbelos Markets secures $28 million</h2> 
<p>Arbelos Markets, a prominent New York-based liquidity provider in the crypto derivatives market, recently <a href="https://www.finsmes.com/2024/05/arbelos-markets-raises-28m-in-funding.html" target="_blank" rel="">secured</a> a substantial $28 million in funding. </p> 
<p>This investment round was spearheaded by Dragonfly Capital and saw participation from Room40 Ventures, Selini Capital, Breed VC, FalconX, and Circle Ventures.&nbsp;</p> 
<p>Founded by Joshua Lim and Shiliang Tang, Arbelos aims to enhance its quant trading infrastructure, expand its product offerings, and bolster its market presence with the newly acquired capital.&nbsp;</p> 
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   <p lang="en" dir="ltr">Arbelos Markets Secures&nbsp;$28 Million in Capital<br><br>Seed stock and debt funding totaling $28 million were raised by Arbelos Markets, a leading liquidity provider…<a href="https://twitter.com/hashtag/ArbelosMarkets?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#ArbelosMarkets</a> <a href="https://twitter.com/hashtag/Funding?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Funding</a> <a href="https://twitter.com/hashtag/DragonflyCapital?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#DragonflyCapital</a> <a href="https://twitter.com/hashtag/FalconX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#FalconX</a> <a href="https://twitter.com/hashtag/CircleVentures?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#CircleVentures</a> <a href="https://twitter.com/hashtag/Paxos?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#Paxos</a> <a href="https://twitter.com/hashtag/P2Ventures?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#P2Ventures</a> <a href="https://twitter.com/hashtag/news?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#news</a><a href="https://t.co/42HWmUEGJs" target="_blank" rel="">https://t.co/42HWmUEGJs</a></p>— TotalBulletin.com (@TotalBulletin) <a href="https://twitter.com/TotalBulletin/status/1788887565963079939?ref_src=twsrc%5Etfw" target="_blank" rel="">May 10, 2024</a>
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<h2 class="wp-block-heading" id="lagrange-labs-raises-13-2-million">Lagrange Labs raises $13.2 million</h2> 
<p>Lagrange Labs, a New York-based blockchain computation startup, recently secured a significant $13.2 million seed funding. </p> 
<p>This <a href="https://www.binance.com/en-JP/square/post/7829042825058" target="_blank" rel="">investment</a> round was led by Founders Fund, which then saw participation from Archetype Ventures, 1kx, Maven11, Fenbushi Capital, Volt Capital, CMT Digital, and Mantle Ecosystem Fund.</p> 
<p>Founded by a team of experienced professionals in the blockchain space, Lagrange Labs aims to improve how computations are performed on blockchain networks.</p> 
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<h2 class="wp-block-heading" id="zkm-nabs-5-million">ZKM nabs $5 million</h2> 
<p>The Ethereum scaling startup ZKM recently <a href="https://coinvoice.net/24h/1788028293690961921" target="_blank" rel="">secured</a> $5 million in pre-seed funding, with OKX Ventures leading the round. </p> 
<p>Other notable participants include Amber, Metis Foundation, and <a href="https://crypto.news/crypto-com-reports-100m-users-worldwide-despite-frozen-vc-activity/" rel="">Crypto.com</a>. This funding marks a significant milestone for ZKM as it aims to enhance Ethereum’s scalability solutions.</p> 
<p>The support from key investors underscores the growing interest in Ethereum’s (<a href="https://crypto.news/price/ethereum/" rel="">ETH</a>) development and the importance of scaling solutions in the blockchain space. </p> 
<p>ZKM’s innovative approach and strategic partnerships position it as a promising player in the Ethereum scaling ecosystem.</p> 
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<h2 class="wp-block-heading" id="volta-collects-4-1-million">Volta collects $4.1 million&nbsp;</h2> 
<p>Volta, a Las Vegas-based non-custodial crypto platform, has <a href="https://raised.fund/volta" target="_blank" rel="">raised</a> $4.1 million in seed funding to develop its institutional-focused infrastructure. </p> 
<p>The investment round was co-led by Fika Ventures and Haven Ventures, with participation from Soma Capital, Dispersion Capital, and Uphonest Capital.</p> 
<p>Volta’s flagship product, Volta Circuit, is a multi-signature, non-custodial platform designed to provide enhanced speed, security, and compliance for institutional investors. </p> 
<p>The platform aims to address scalability, security, and performance concerns by integrating smart contract wallets with direct on-chain enforcement of governance and policy controls.</p> 
<p> You might also like: <a href="https://crypto.news/meme-coin-roundup-el-hippo-shiba-inu-and-dogecoin/&nbsp;" rel=""> Meme coin roundup: El Hippo, Shiba Inu, and Dogecoin </a> </p>  
<h2 class="wp-block-heading" id="hemera-confirms-2-6-million-in-funds">Hemera confirms $2.6 million in funds</h2> 
<p>Hemera, a San Francisco-based web3 infrastructure startup, has <a href="https://www.prweb.com/releases/hemera-officially-launches-to-democratize-on-chain-intelligence-302138046.html" target="_blank" rel="">raised</a> $2.6 million in funding co-led by LIF Capital and Nomad Capital. </p> 
<p>The investment round also saw participation from SNZ, Chainlink, and notable angel investors, including the founders of ZetaChain, Sending Labs, Wish co-founder Danny Zhang, and Microsoft Senior Vice President and AI expert Harry Shum.</p> 
<p>LIF Capital managing partner Jane Smith stated that Hemera’s approach to decentralized indexing and data processing has the potential to unlock new possibilities for Web3 developers and users.&nbsp;</p> 
<p>“We are excited to support the team as they work to build a more scalable and efficient web3 ecosystem,” she added.</p> 
<p>Hemera’s architecture is tailored to be compatible with large language models (LLMs) and broader AI models, facilitating seamless integration with cutting-edge technologies.</p> 
<h2 class="wp-block-heading" id="crestal-network-raises-2-million">Crestal Network raises $2 million</h2> 
<p><a href="https://www.crestal.network/#architecture" target="_blank" rel="">Crestal Network,</a> a San Francisco-based proof-of-performance service marketplace for Web3 developers, has <a href="https://www.cypherhunter.com/en/e/crestal-network-raised-funding-2024-05-03/" target="_blank" rel="">raised</a> $2 million in pre-seed funding.</p> 
<p>A diverse group of investors took part in the effort. They include Lingfeng Capital, Cogitent Ventures, Kyro Ventures, Veris Ventures, Smape Capital, MH Ventures, LayerLabs, Pragma Ventures, Builder Capital, NxGen.lens, Artemis Capital, and Quotient Ventures.</p> 
<p>Lingfeng Li, a managing partner at Lingfeng Capital, highlighted Crestal Network’s approach to establishing a decentralized, performance-driven marketplace for Web3 services as precisely what the industry currently requires. </p> 
<p>He expressed enthusiasm in supporting the team’s efforts to enhance accessibility and efficiency in Web3 development for all stakeholders.</p> 
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   <p lang="en" dir="ltr">CRESTAL – EARLY-STAGE L1 BLOCKCHAIN SEES $2 MILLION IN SUPPORT<br><br>– <a href="https://twitter.com/crestalnetwork?ref_src=twsrc%5Etfw" target="_blank" rel="">@crestalnetwork</a> has just announced a $2 million pre-seed investment round which will assist in developing its all-new <a href="https://twitter.com/cosmos?ref_src=twsrc%5Etfw" target="_blank" rel="">@Cosmos</a> based L1 blockchain.<br><br>– Notable venture funds that participated in the round include… <a href="https://t.co/tAmbC5tnIF" target="_blank" rel="">https://t.co/tAmbC5tnIF</a> <a href="https://t.co/q1WrbZpVTf" target="_blank" rel="">pic.twitter.com/q1WrbZpVTf</a></p>— BSCN (@BSCNews) <a href="https://twitter.com/BSCNews/status/1786454501047611421?ref_src=twsrc%5Etfw" target="_blank" rel="">May 3, 2024</a>
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<h2 class="wp-block-heading" id="moso-sees-2-million-in-seed-funding">Moso sees $2 million in seed funding</h2> 
<p>Moso, a Los Angeles-based shop-to-earn platform that integrates online shopping with cryptocurrency rewards, has <a href="https://news.fintech.io/post/102j6hx/moso-raises-2m-in-seed-funding" target="_blank" rel="">raised</a> $2 million in seed funding. This investment round was led by Symbolic Capital and Dao5, with additional participation from Coinlist and <a href="https://crypto.news/borderless-capital-polygon-ventures-and-others-launch-50m-cross-chain-interoperability-initiative/" rel="">Polygon Ventures</a>.&nbsp;</p> 
<p>Moso allows users to earn cryptocurrency rewards while shopping online, enhancing the e-commerce landscape with blockchain technology.</p> 
<p>With support from investors such as Symbolic Capital, Dao5, Coinlist, and Polygon Ventures, Moso aims to revamp its platform, grow its user base, and establish itself in the shop-to-earn market.</p> 
<p> Read more: <a href="https://crypto.news/cryptos-future-hinges-on-solving-the-privacy-transparency-conundrum-opinion/&nbsp;" rel=""> Crypto’s future hinges on solving the privacy-transparency conundrum | Opinion </a> </p>

VC roundup: Arbelos Markets, ZKM, Volta, Hemera and more score new capital

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