Kraken bags $42.5m from Optimism, Glow Labs raises $30m

This week, crypto exchange Kraken attracted attention with the $42.5 million donation increase it received from Optimism.

Kraken has announced its latest decision to launch Ink, layer 2 on the Optimism (OP) blockchain. As part of the deal, Optimism announced that it will offer $42.5 million or 25 million OP tokens.

This brings the funds raised by the exchange to date to $164.8 million. Crypto.news took an in-depth look at the companies that raised the most capital from October 27 to November 2.

According to data from Crypto Fundraising, the companies that raised millions of dollars in this period are as follows:

Glow Labs, $30 million Glow Labs is a community-supported platform aimed at increasing global solar energy adoption. The firm raised $30 million from Framework and Union Square Ventures. Million, $25 million Million raised $25 million from investors like Hack VC. So far the decentralized network for secure storage has raised $50 million. Ellipsis Labs, $21 million The platform that creates sustainable and efficient DeFi protocols raised $21 million from HAUN. Ellipsis Labs has raised a total of $23.3 million to date. Chainway Labs, a blockchain infrastructure company focused on Bitcoin, Ethereum and Zero Knowledge technology, has raised $14 million in a Series A round from Founders Fund and other investors. Chainway Labs has raised $16.7 million so far.

Today, we’re announcing our $14 million Series A led by @foundersfundattended @maven11capital, @mirana, @erikvoorhees, @balajis, @bitfish1, @0xMert_ & More.

This will help us transform Bitcoin from digital gold into an active, programmable asset. @CitreaOrigins We are driving this expansion 🧵 pic.twitter.com/DxkgoeLERH

— Citrea (@citrea_xyz) 31 October 2024

Gelato Network, $11 million Gelato Network raised $11 million in a Series A round led by HACK VC. The decentralized backend for Web3 has raised $23.2 million to date. Sapien AI, $10.5 million Sapien is a gamified Web3 platform where users play and train AI by completing various challenges. The firm raised $10.5 million in a seed round led by Variant. PumpBTC, $10 million Liquid staking platform, raised $10 million in seed round. Leading investors include SevenX Ventures, Mirana Ventures, etc. It is located. BitSmiley, $10 million BitSmiley includes a stablecoin, a lending platform, and a derivatives protocol. The company raised $10 million from various investors such as Nxgen, IBC Group. Notable crypto VC funding rounds under $10 million Spire Labs raised $7 million in seed round. Alliance Games raised $5 million in its Series A round. 81Ravens raised $4.5 million in seed round. Phylax Systems raised $4.5 million in a pre-seed round. Nitro Labs raised $4 million in seed round. MagmaDAO raised $3.9 million in seed round. Native raised $2.6 million in seed round. Axal raised $2.5 million in a pre-seed round. Streamflow raised $1.9 million. Cap Labs raised $1.9 million in a pre-seed round. KRNL Labs raised $1.7 million in a pre-seed round.

You can check out last week’s column here.