TLDR:
- Andrena raised $18 million in a series A funding round led by Dragonfly Capital.
- Vessel secured $10 million in seed funding from Sequoia Capital.
In a recent Crypto VC roundup, several startups raised significant funds, including Andrena, Vessel, Cartridge, and Pentagon Games. Andrena, a U.S. internet service provider, raised $18 million in a series A funding round led by Dragonfly Capital. Other notable venture firms that participated in the round include Castle Island Ventures, ParaFi, Wintermute Ventures, CMT Digital, and 6th Man Ventures. Andrena is developing a decentralized autonomous network protocol named DAWN to help users sell excess internet bandwidth.
Vessel, a Zero Knowledge-based decentralized exchange, secured $10 million in seed funding from Sequoia Capital. The capital will be used to merge the efficiency of centralized exchanges with the transparency of decentralized exchanges and advance zero-knowledge-proof technologies for DeFi. Vessel aims to become a full-fledged layer-3 network for decentralized finance.
Cartridge, an infrastructure provider specializing in on-chain games, completed a $7.5 million series A funding round led by Bitkraft Ventures. The company also announced the release of Dojo 1.0, an open-source developer toolset for creating provable games. Cartridge is backing several on-chain games set for release this summer, including Loot Survivor, Paved, and Dope Wars.
Additionally, Pentagon Games, a web3 game developer backed by Animoca Brands, raised $6 million in funding from Binance Labs, Polygon, and other investors. The company aims to lead the next generation of gaming by developing a platform where gamers can engage with content in novel ways and receive rewards for their participation.
DeAgentAI, a web3 AI network, secured $6 million in a seed funding round led by Web3.com Ventures and Vertex Capital. The platform utilizes advanced artificial intelligence to provide specialized services across multiple industries and operates on decentralized platforms like Solana and Ethereum.
