GCR Deal Update (Week of February 26, 2024)

Dear GCR Members,

Please find the latest list of all active deals at GCR for the week of February 26! 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

2. Follow us on Twitter

3. Check out our Linktree for various social media platforms (e.g. TikTok, YouTube, etc.)

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 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

2. DEAL #2

   • Description: Bitcoin-Native Data Availability Layer.

   • Fundraising & Valuation:

     • Pre-seed: 500k @ 20m val (Angel checks from Polychain and Manta team members)

     • Seed: 1st tranche @ 50m val (Oversubscribed)

   • Discord link

3. DEAL #3

   • 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

4. DEAL #4

   • 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

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