Weekly Report on Global Encryption Market Investment and Financing Dynamics (2022.11.14-11.20)

Public data shows that the loss-making positions of long-term BTC holders have exceeded 5 million BTC, and the loss has exceeded the 2018 bear market, and is close to the loss of long-term holders during the 2015 bear market. Although we are going through a "turbulent period" in the crypto industry, it will pass sooner or later and make the industry stronger.

Judging from the primary investment and financing data last week (a total of 6 projects), the primary market is also in a "winter" state, with Web3 infrastructure (2), Game (2), NFT (1), DeFi ( 1) The popularity of the project continues to decline. CGV and CTC have summarized the investment and financing information worth paying attention to in the encryption market for a week. The following is the investment and financing information of the global encryption market from November 14 to November 20, 2022:

【infrastructure】

1.Lentra | B round of financing 60 million US dollars｜SIG led the investment

On November 16, Lentra, a provider of software-as-a-service (SaaS) lending solutions based on blockchain, AI and machine learning technologies, announced the completion of a US$60 million Series B financing. Existing investors Bessemer Venture Partners and Susquehanna International Group (SIG ) Venture Capital led the round, with participation from Citi Ventures.

Original link: https://www.fintechfutures.com/2022/11/indian-lendtech-start-up-lentra-raises-60m-in-series-b-round/

2. Buildspace | $10 million in financing｜a16z leads the round

On November 18, Buildspace, a Web3 developer platform, announced the completion of $10 million in financing. This round of financing was led by a16z, Founders Inc, Weekend Fund, Y-Combinator, Vayner Fund, Protocol Labs, OrangeDAO, Solana Ventures, OpenSea Ventures, Alchemy Ventures, DreamerVC and others participated in the investment.

Buildspace aims to provide users with a Web3 learning platform. The current learning projects include Solidity, Ethereum NFT, Solana Web3 App, etc.

Original link: https://buildspace.so/raise

【Game】

3. PlayEmber | $2.3 million in seed round financing｜Shima Capital led the round

On November 15, PlayEmber, a Web3 game monetization platform, completed a $2.3 million seed round of financing led by Shima Capital, with participation from Big Brain Holdings, Warburg Serres and Huobi Ventures. The funding will be used to accelerate the development of the team and platform.

PlayEmber aims to make it easier to transition game ad revenue from web2 marketplaces to web3 through a Unity-based software development kit implementing custom monetization solutions.

Original link: https://www.theblock.co/post/187055/shima-capital-backs-playembers-2-3-million-raise

4. Heroic Story | $6 million in seed round financing｜Upfront Ventures led the round

On November 17, Heroic Story, a Web3 game and entertainment studio, announced the completion of a $6 million seed round of financing, led by Upfront Ventures, with participation from Angel investors including Multicoin Capital, Polygon Technology, Jonathan Lai from Andreessen Horowitz, and Wolfgang Hammer, director of Miramax Films .

Heroic Story aims to use Web3 technology to rebuild a desktop role-playing game similar to "Dragon and Dungeon". It has released its first NFT game "Legends of Fortunata".

Original link: https://www.theblock.co/post/187189/heroic-story-raises-6-million-tabletop-rpgs-web3

【NFT】

5. Hyakkit | $2 million in seed round financing｜Step VC and others led the investment

On November 18, Hyakkit, an NFT utility and marketing platform, announced the completion of a US$2 million seed round of financing, led by Web3 venture capital firm Step VC and Web3 venture fund Druid Ventures, and participated by MultiDao.

Hyakki is committed to building marketing and practical infrastructure for Web3 and NFT, using AR and AI to provide marketing services and application scenarios for Web2 and Web3 brands, so that NFT is not limited to JPEG images, but can give more support to brands.

Original link: https://www.coinspeaker.com/hyakki-nft-utility-and-marketing-platform-raise-2-million-seed-round/

【DeFi】

6. Revv | $5.5 million in financing｜Libertus Capital led the round

On November 18, Revv, a decentralized financial market infrastructure, announced that it had completed a $5.5 million financing in the second quarter, led by Libertus Capital, Castle Island Ventures, Tribe Capital, DACM, C² Ventures, Palm Drive Capital, Figment Capital and GFC Participate in voting.

Adi Dommaraju, the founder of Revv, said that he hopes to combine the practices of TradFi and Web2 with the encryption-native experience to build new DeFi products.

Original link: https://twitter.com/Adi_Dommaraju/status/1592916330243837953?s=20

About Cryptogram Venture (CGV): Cryptogram Venture (CGV) is an encryption industry research and investment institution headquartered in Japan with compliance qualifications. With "research-driven investment" as the business orientation, he has participated in early investments such as FTX, Republic, CasperLabs, AlchemyPay, The Graph, Bitkeep, Pocket and Powerpool, as well as the yen stable currency JPYW under the supervision of the Japanese government. At the same time, CGV FoF is the LP of Huobi venture, Rocktree capital, Kirin fund and other funds. It has set up brand activities such as Web3 Hackathon and Industry Summit. From July to October 2022, it will launch the first Web3 Hackathon (TWSH) in Japan, and has won the cooperation of Japanese Ministry of Education, Culture, Sports, Science and Technology, Keio University, SONY, Softbank and other institutions and experts. support. Currently, CGV has branches in Singapore, Canada and China.