GCR Deal Update (Week of February 19, 2024)

Dear GCR Members,

Please find the latest list of all active deals at GCR for the week of February 19! 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-v2 channel on our Discord for more information.

Additionally, PLEASE make sure to visit the #┊💼・deal-sourcing-and-suggestions-v2 channel on our Discord to vote on new deals that you would like the GCR community to diligence together.

If you want to take advantage of full benefits as a GCR member, please follow the steps :)

1. Read our most popular weekly newsletter by subscribing directly on the top bar of our website

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Also, if you have friends / people in your network who want to join GCR, please share this application (1-month Gold+ membership) with them!

Additionally, we are trying to make GCR better for everyone so please fill out this survey :) It only takes 3 minutes! If you cannot access Discord but want to participate in deals below, please email us.

Best,

The GCR Core Team

RAISING (Currently Fundraising)

Last Chance to Participate

1. DEAL #1

   • Description: A high-performance EVM-compatible blockchain built on Proof-of-Liquidity consensus. Their technology is built on Polaris, a high-performance blockchain framework for building EVM-compatible chains on-top of the CometBFT consensus engine.

   • Fundraising & Valuation: Raising $50M at $1.5B FDV

   • Investors: Brevan Howard is leading with a $25M ticket. All previous major investors (Polychain, Hack VC, Tribe Capital, etc) are doubling down

   • Discord link

   • NOTE: The round is closing fast, so if interested, show interest by EOD Today here

2. DEAL #2

   • Description: A professional and friendly international company who develop games for mobile platforms and social networks. They are currently developing an NFT-based RPG game called The Beacon.

   • Fundraising & Valuation: Raising $2M at $25M valuation

   • Investors: Arbitrum, etc.

   • Discord link

3. DEAL #3

   • Description: Creator of token bound accounts, a new primitive that will give every NFT its own account/wallet address

   • Fundraising & Valuation: N/A

   • Investors: TBD

   • Discord link

DILIGENCE (Pre-Management Call)

1. DEAL #1

   • Description: A new platform to extend and supercharge the solana virtual machine.

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

   • Investors: TBD

   • Discord link

2. DEAL #2

   • Description: Incubated by Binance Labs, a pioneering startup focused on advancing privacy-centric computing infrastructure. The company's core mission revolves around delivering streamlined and accessible fully homomorphic encryption (FHE) solutions tailored for both web2 and web3 users.

   • Fundraising & Valuation: Raising $4M at $40M valuation

   • Investors: Binance Labs, Crypto times, MH Ventures and K300

   • Discord link

3. DEAL #3

   • Description: A development lab building on restaking and parallel VMs like Monad, Eclipse and Fuel.

   • Fundraising & Valuation: Raising 3M @ 30M val Equity+Token (1:1)

   • Investors: Sreeram Kannan, Eigenlayer founder

   • Discord link