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Posted on Mar 15, 2023Read on Mirror.xyz

🚀veDAO Financing Daily News 03/15/2023

Provide the latest and most complete industry financing news, get first-hand news, please pay attention to veDAO financing daily!

【1】Orbs

Amount: $10 million

Stages: Undisclosed

Date: March 14

Investors: DWF Labs

Category: Infrastructure

Description: Orbs is a public blockchain infrastructure that acts as a separate layer on top of the existing EVM-based L1 and L2 to enhance smart contracts and DeFi applications, such as Open DeFi notifications. Orbs is designed to be the blockchain infrastructure of choice for developers and projects looking to deploy the next generation of DeFi and Web 3.0 applications.

Additions: $2 million investment in project Fanzee in seed round on July 26, 2022

Website: https://www.orbs.com/

Twitter: https://twitter.com/orbs_network

【2】Smooth

Amount: $2 million

Stages: Seed round

Date: March 14

Investors: NGC Ventures, Cogitent Ventures, ArkStream Capital, Token Metrics

Category: Infrastructure

Description: Smooth is a parallel transaction middleware that provides a high-performance transaction framework for existing Layer 2 and App Chain, and a common transaction model for subsequent blockchain development. Smooth is also compatible with ethereum virtual machines.

Website: https://smoothlabs.org/

Twitter: https://twitter.com/smooth_org

【3】DressX

Amount: $15 million

Stages: Series A

Date: March 14

Investors: Greenfield, Slow Ventures, Red DAO, Warner Music Group, The Artemis Fund

Category: NFT, Digital Fashion

Description: DressX's mission is to create a purely digital line of products for brands and 3D designers, has launched in the Meta Avatar Store with virtual clothing that can be worn on Instagram and Facebook avatars, and is the first digital fashion brand to launch a collection on Roblox, having previously worked with H&M to launch virtual fashion for the brand.

Additions: $2 million completed totally in seed round funding on December 15, 2022 and July 22, 2021

Website: https://dressx.app.link/tt

Twitter: https://twitter.com/dressxcom

【4】Alex

Amount: $2.5 million

Stages: Undisclosed

Date: March 14

Investors: Trust Machines , Gossamer Capital

Category: DeFi, DEX, Fixed Rate

Description: ALEX is an open source Bitcoin DeFi platform based on the Stacks blockchain. ALEX brings bitcoin to users through: projects launching their tokens, fixed-rated and fixed-term no-clearance risk lending, advanced DEX (decentralized exchange), depositing tokens to earn interest and earning high returns through income farming.

Additions: $5.8 million completed in seed round funding on November 15, 2021

Website: https://alexgo.io

Twitter: https://twitter.com/alexlabBTC

【5】Entre

Amount: $1.6 million

Stages: Seed round

Date: March 14

Investors: Octane Fund, Service Provider Capital, CreatorLed Ventures, Kube VC, Umami Capital, Dharmesh Shah

Category: Recruitment solution

Description: Entre is a Web3 career network designed to help people connect and work in the Web3 world. Entre makes it easy for everyone to connect with the people and resources they need to succeed in Web3

Website: https://joinentre.com

Twitter: https://twitter.com/joinentre

【6】Capsule

Amount: Undisclosed

Stages: Undisclosed

Date: March 14

Investors: a16z, Geometry, Spice Capital, Diogo Monica, Nathan McCauley, Rene Reinsberg, Marek Olszewski, Zaki Manian

Category: MPC wallet

Description: Capsule is a toolkit for transaction signing and licensing that enables developers to provide a secure, intuitive crypto user experience. Capsule's superior security is the result of leveraging secure hardware on cell phones and a highly programmable MPC to secure funds and ensure that keys can only authorize the transactions they are supposed to make.

Website: https://usecapsule.com

Twitter: https://twitter.com/usecapsule

About veDAO

veDAO is an investment and funding community dedicated to discovering early-stage potential projects. By gathering public wisdom and professional opinions, veDAO provides a fair, transparent and democratic project evaluation and investment and financing process for community participants, investors and project parties, allowing all participants to share the project development dividends.

Website: https://app.vedao.com/

Twitter: https://twitter.com/vedao_official

Telegram: https://t.me/veDAO_EN

Discord: https://discord.gg/NEmEyrWfjV