🟨 Magic Labs Nabs $52M

Author

InvestBlock
June 05, 2023

GM ☕️

Welcome to InvestBlock Newsletter.

This is your go-to newsletter, dedicated to the latest happenings in Web3 investment, ranging from acquisitions, partnerships, capital-raising activities, and real estate. We cover everyone from the most prominent players to the rising stars in the field, delivering insights right to your inbox Monday to Thursday. And yes, we sprinkle in a bit of legal commentary for good measure.

Let’s get it.

🟨 M&A

🟨 Funds

  • Kakarot zkEVM, an Ethereum Virtual Machine (EVM) implemented in Cairo, announced that it has closed its pre-seed funding round. Investors include Vitalik Buterin, Ledger co-founder and VP of innovation Nicolas Bacca, and blockchain scaling firm Starkware, among others.

  • Co-Founder / CEO Profile: Elias Tazartes (LinkedIn/ Twitter) and Clément Walter (LinkedIn/ Twitter)

  • Magic, a San Francisco crypto wallet-as-a-service provider, has raised $52 million in a new strategic funding round led by PayPal Ventures. Participation includes Cherubic, Synchrony, KX, Northzone, and Volt Capital. The new round brings the total raised to more than $80M.

  • CEO Profile: Sean Li (LinkedIn and Twitter)

  • Anoma Foundation, a Swiss blockchain technology non-profit has raised $25 million in its third funding round. Other investors in the round included Electric Capital, Delphi Digital, Dialectic, KR1, Spartan, NGC, MH Ventures, Bixin Ventures, No Limit, Plassa, Perridon Ventures, Anagram, and Factor, among others.

  • Co-Founder Profile: Adrian Brink (Twitter/ LinkedIn)

  • Transak, a Miami Web3 payments startup, has raised $20 million in a Series A funding round led by CE Innovation Capital. SBI Ven Capital, Sygnum, Azimut, UOB Venture Management, & Animoca Brands also invested in the round.

  • CO-Founder & CEO Profile: Sami Start (Linkedin, Twitter)

  • Demox Labs, a San Francisco building privacy preserving ZK infrastructure, has raised $4.5 million led by HackVC and included participation from DCVC, Amplify Partners, Coinbase Ventures, CRV, OpenSea, and CSquared. Other backers include notable crypto investors including Santiago Santos, Sriram Krishnan, Ryan Selkis, Space Whale, HoneyDAO, and AngelDAO.

  • Company: Twitter

  • CEO Profile: Barron Caster (LinkedIn, Twitter)

  • yPredict , an AI Crypto Price Prediction Platform, presale raises $1.65m as investors rush to secure 33% Gain.

  • CEO Profile: Raj (Ravant) Sharma (LinkedIn)

  • Oxalus, a Vietnamese NFT social commerce platform, raised $1.1 million in a seed funding round by IDG Capital Venture Beta (IDGCVB) and Kyber Ventures.

  • CEO Profile: Hieu Nguyen Dang (LinkedIn)

🟨 Partnerships

🟨 Lunch-Break Reads

Thanks for sharing your morning with us. Please invite your colleagues & friends to join.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.