GCR Deal Update (Week of March 11, 2024)

Dear GCR Members,

Please find the latest list of all active deals at GCR for the week of March 11! 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: The 1st Bitcoin security equivalent layer2 solution based on BitVM approach

   • Fundraising & Valuation: Raising seed round @80mn val

   • Investors: ABCDE Capital (Lead), OKX

   • Discord link

2. DEAL #2

   • Description: A permisionless Amazon for blockchain data infrastructure

   • Fundraising & Valuation: Last year(12/22) closed a 150m FDV round. Now raising at 200m FDV

   • Investors: Tribe, Jump and Hashkey, including Alliance, Node, North Island, Quiet, Finality, Dispersion Capital, and the SEED investors of the top infrastructure providers Alchemy, Blockdaemon, Consensys (Infura), and Quicknode. Also top validators, ecosystems, and founders of Cosmos, Polkadot, Filecoin, Starkware, Axelar, NEAR, Celestia, Celo, Fireblocks

   • Discord link

3. DEAL #3

   • Description: A Web3 infrastructure layer that allows modular execution layers to scale and interoperate in a trust minimized way.

   • Fundraising & Valuation: $46M at $800M FDV

   • Investors: Undisclosed

   • Discord link

4. DEAL #4

   • Description: Incubated by Binance Labs, is a pioneering startup focused on advancing privacy-centric computing infrastructure.

   • Fundraising & Valuation: Private round @100m val

   • Investors: Pre-seed round investors: Binance Labs, MH Ventures, K300

   • Discord link

5. DEAL #5

   • 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

6. DEAL #6

   • 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

7. DEAL #7

   • Description: A network for issuing Liquid Restaking Tokens.

   • Fundraising & Valuation: $120M valuation (last round ~$50M)

   • Investors: Undisclosed

   • Discord link

8. DEAL #8

   • 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