Investors saw blockchain analytics, gaming and crypto privacy.

Crypto startups continue to raise capital despite tight liquidity and adverse macroeconomic conditions. September also saw major developments in the space, such as Farmville co-creator Amit Majan raising $33 million to create Web3 Games and Animoka Brands announcing $20 million in capital raised to further development of its MoCover platform.

In another related development, Blockchain Capital closed two new funds in September, with $580 million to engage in crypto gaming and decentralized finance projects in the coming months. Cointelegraph's VC roundup shows the latest projects raising capital despite the market's long downtrend.

Bubble Maps expects $3.2M for data visualization.

Data visualization startup Bubblemaps has secured €3 million ($3.2 million) in seed funding led by INCE Capital. According to the startup, the funding will be used to grow the team, recruit more developers and expand its social media marketing initiatives. Equity Capital, Momentum 6, Elbank, V3 Ventures, Nicolas Baca from Ledger, Dima Budorin from Hack and French entrepreneur Owen ‘Hasher' Simone contributed to the funding. The company has an ambitious goal of becoming the Google Analytics of the Web3. Partnerships with Arbitrum, Polygon, Avalanche and BNB Chain are reported.

We are excited to share the closing of 2 new funds – our 6th Early Stage Fund and our 1st Opportunity Fund.

Together, they total $580 million and will serve to strengthen our commitment to leading the global transition to decentralized, blockchain-based systems. ↓https://t.co/Vr2uYnGlF7

— Blockchain Capital (@blockchaincap) September 18, 2023

Blockchain analytics CoinScan will spend $6.3 million.

Crypto analytics platform CoinScan raised $6.3 million in September, seeking to provide security checks, content and weather analytics, and social sentiment analysis to the crypto community. CoinScan is the first product from CryptoHub, a Web3 company focused on the blockchain economy and backed by DraftKings' top individual shareholder and billionaire Shalom McKenzie, along with Playtech investors and iAngels. “Crypto, like sports betting, should give people the tools and information to make their own assessment of risk and reward,” MecKenzie said in a statement, adding that CoinScan provides chart insights from data collected from multiple sources.

Hinkal Protocol secures $4.1M to improve privacy in DeFi business

Privacy Protocol Hinkal has raised $4.1 million in a pre-seed funding round led by Draper Associates. The protocol is designed to provide superior privacy coverage, and transactions and assets in various decentralized finance (DeFi) protocols are protected from public visibility, according to a statement. The round saw participation from Psalion Hedge Fund, NGC Ventures, NoLimit Holdings, Draper Dragon, Peer VC, Orange DAO, Web3.com Ventures and others. Draper Associates has invested in a variety of technology companies, including Hotmail, Skype, Baidu, Tesla, SpaceX, Twitch, Cruise, Carta, Webflow, Robinhood and Coinbase.

Mythic Protocol Raises $6.5M Seed Round for Collaborative Entertainment

Mythic Protocol has closed a $6.5M seed round led by Shima Capital's Yida Gao, along with Alpha JWC, Saison Capital, GDP Ventures and Planetarium Labs, among other investors. The team behind the project is working in a collaborative entertainment ecosystem that uses a game-first strategy to acquire, retain and measure users. The funds will be deployed in the coming months to develop and launch initial core offerings, focusing on players, developers and investors. “With a founding team that has launched over 250 game titles since 2009, we have no doubt that they will carry their track record of success into the next gaming cycle as one of the largest game studios at sea,” he said in a statement. Yida Gao, founder of Shima Capital.

Before you go: ConsenSys is launching a pre-accelerator program for Web3 developers

Technology company ConsenSys announced the pre-acceleration program, ConsenSys Fellowship, to support early-stage Web3 startups. The fellowship's goal is to help early-stage startups bridge the gap between an idea's potential and a practical business, product or device. The 12-week program offers guided workshops, weekly curriculum, mentoring and access to the ConsenSys network to accelerate up to 15 startups. Cooperative teams will be eligible for further investments from the $1.5 million fund.

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