GCR Deal Update (Week of August 29, 2022)

Dear GCR Members,

Please find the latest list of all active deals at GCR for the week of August 29! If you are interested in any of the deals below, please indicate your interest by filling out this form.

Please visit the #┊💼・deal-chat-and-threads channel on our Discord for more information.

Additionally, please visit the #┊💼・deal-sourcing-and-suggestions channel on our Discord to vote on new deals that you would like the GCR community to diligence together.

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Best,

The GCR Core Team

Last Chance to Participate

1. Commonwealth (Closing next week!)

   • Description: Provider of infrastructure for decentralized communities & DAOs

   • Fundraising & Valuation: $100M valuation (previously committed at $125M but lowered the valuation given market)

   • Investors: Polychain Capital, Jump, Wintermute, Dragonfly, etc.

   • Discord link

2. Obscuro (Found new lead investor - Republic)

   • Description: Layer 2 solution on Ethereum focused on privacy

   • Fundraising & Valuation: $5M at $50M valuation

   • Investors: Republic, Pragma Ventures, Squares Capital, Orca DAO, etc.

   • Discord link

3. HackMD (Closing next week!)

   • Description: Collaborative editor for Web3 companies

   • Fundraising & Valuation: $1.5M at $16M valuation

   • Investors: Vitalik Buterin, Techstars, etc.

   • Discord link

4. Nillion

   • Description: Provider of decentralized NMC network that allows nodes to work in a decentralized network

   • Fundraising & Valuation: $14M at $180M valuation

   • Investors: N/A

   • Discord link

5. Hydra

   • Description: Community-run investment DAO (fund of funds) that invests and incubates other investment DAOs

   • Fundraising & Valuation: $10M; no valuation

   • Investors: 1kx, Collab Currency, MetaCartel Ventures

   • Discord link

6. Li.Fi

   • Description: Leading multichain aggregation layer that empowers cross-chain liquidity flow

   • Fundraising & Valuation: $17.5M at $200M valuation

   • Investors: Supercrypt, etc.

   • Discord link

Just Started Fundraising

1. Simplex

   • Description: Perp-based crypto index protocol

   • Fundraising & Valuation: $1.5M at $15M valuation

   • Investors: CMT Digital, etc.

   • Discord link

2. Breadcrumbs

   • Description: Blockchain analytics platform

   • Fundraising & Valuation: $500k at $25M valuation

   • Investors: Distributed Global, Spartan Group, Franklin Templeton, etc.

   • Discord link

1. Airchains (Deal Call on September 7th 9:00am ET)

   • Description: Web3 toolkit for DApps

   • Fundraising & Valuation: $3.3M at $20M valuation

   • Investors: N/A

   • Discord link

2. Frontdoor (Deal Call on September 12th 11:00am ET)

   • Description: Professional market network for Web3 talent

   • Fundraising & Valuation: 1M GBP at 6.3M GBP valuation

   • Investors: Signature Ventures, etc.

   • Discord link