GCR Deal Update (Week of Jun 10, 2024)

Dear GCR Members,

Please find the latest list of all active deals at GCR for the week of June 10! 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 :)

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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

Last Chance to Participate

1. DEAL #1

   • Description: A secure computation network that decentralizes trust for high value data in the same way that blockchains decentralized transactions.

   • Fundraising & Valuation: 20M @ 400M val

   • Investors: They have previously raised 20m @ 180m val from Distributed Global, Hashkey, Big Brain and other notable funds. Current looking to raise 20m @ 400m val and prominents angels such as Arthur Hayes and Ansem have joined this round

   • Discord link

2. DEAL #2

   • Description: A Verifiable Compute Layer. The first decentralized data warehouse that delivers sub-second ZK proofs against onchain and offchain data to power the future of AI x blockchain.

   • Fundraising & Valuation: $3M @ $300M FDV

   • Investors: The current round lead investors include Lightspeed/Faction as well as follow on investors like Framework Ventures, Microsoft's M12 and IOSG.

   • Discord link

3. DEAL #3

   • Description: The first EVM-compatible Bitcoin L2 built on Taproot Consensus and uses BTC as Gas.

   • Fundraising & Valuation: $20M @ $150M (reduced from $200M for GCR Community)

   • Investors: Waterdrip Capital, Bitmain, Rocktree, Mapleblock, Satoshi Labs, ViaBTC, TimeTells, Arkstream, Cogitent, MH Venture, Web3PORT, UTXO, Electrum Capital, Lotus, Zephyrus, CMS, CA CAPITAL, Skyland, TokenMetrics, BFF, DCI, Side Door Ventures, TPC, Coinvision, Protagonist VC, purechain Capital, Optic, NewTribe, Evo Labs

   • Discord link

4. DEAL #4

   • Description: Bridges Bitcoin liquidity with a meta yield stablecoin, offering BTC holders the opportunity to seamlessly earn yield from DeFi applications on both EVM and SVM chains through their stablecoin

   • Fundraising & Valuation: $80mn FDV

   • Investors: Ethereal Ventures is co-leading the round, with another prominent Asia-based fund. Other investors include Amber Group and Hashke

   • Discord link

5. DEAL #5

   • Description: An orderbook DEX built for Monad. Orderbooks have not been possible due to low throughput and/or high gas fees on EVM chains. This changes with Monad.

   • Fundraising & Valuation: $2M @ $40M

   • Investors: Electric Capital, Hack VC and Brevan Howard (a reputable US tradfi fund) have given them lead term sheets. Other participating funds include CMS and a number of MMs.

   • Discord link