GCR Deal Update (Week of May 16, 2022)

Dear GCR Members,

Please find the latest list of all active deals at GCR for the week of May 16! If you are interested in any of the deals below, please indicate your interest by filling out this form.

As a reminder, you can always check the GCR Deal Dashboard for an overview of active deals at GCR!

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

Best,

The GCR Core Team

Last Chance to Participate

1. GammaX

   • Description: High performance perpetual DEX

   • Fundraising & Valuation: $2.5M at $25M valuation

   • Investors: Starkware, Dexterity Capital, LedgerPrime, etc.

   • Discord link

2. Nametag

   • Description: Naming service for the NFT and social DAO space (30k+ users)

   • Fundraising & Valuation: $4M at $30M valuation

   • Investors: Coinbase Ventures, etc.

   • Discord link

3. Karma

   • Description: DAO reputation system to measure people’s engagement across the DAO ecosystem

   • Fundraising & Valuation: $1.2M at $8M valuation

   • Investors: Seed Club Ventures, Boost VC, CoinGecko, Balaji Srinivasan, etc.

   • Discord link

4. BearTax

   • Description: Crypto tax solution provider

   • Fundraising & Valuation: $1.2M at $16.2M valuation

   • Investors: Ascend VC, Defy VC, Draper Dragon, etc.

   • Discord link

5. Gearbox

   • Description: Generalized leverage protocol that allows anyone to get leverage in a decentralized way across various protocols

   • Fundraising & Valuation: $5M-$10M at $200M-$250M valuation

   • Investors: Variant, etc.

   • Discord link

6. Twali

   • Description: Decentralized marketplace for non-technical experts to find work in Web3

   • Fundraising & Valuation: $5M at $30M valuation

   • Investors: Dragonfly Capital, M13, etc.

   • Discord link

7. Soma Finance

   • Description: World’s first compliant multi-asset DEX & token issuance platform

   • Fundraising & Valuation: $15.8M at $156M valuation

   • Investors: Animoca, Griffin Gaming Partners, Forte, etc.

   • Discord link

8. Shardeum

   • Description: EVM compatible sharded L1

   • Fundraising & Valuation: $18M at $400M valuation

   • Investors: N/A

   • Discord link

Just Started Fundraising

1. Possum

   • Description: Web3 project focused on insurance for NFTs

   • Fundraising & Valuation: $1M at $10M valuation

   • Investors: N/A

   • Discord link

2. Magic Eden

   • Description: Leading Solana NFT marketplace

   • Fundraising & Valuation: $80M at $1.5B valuation

   • Investors: Electric Capital, Greylock, Lightspeed Venture Partners, etc.

   • Discord link

1. Stack3 (Deal Call on May 24th 11:00am ET)

   • Description: Web3 ecosystem to transform how startups coordinate their activities (funding and building)

   • Fundraising & Valuation: $2M at $20M valuation

   • Investors: N/A

   • Discord link

2. Shell Protocol (Deal Call on May 25th 2:00pm ET)

   • Description: DEX that facilitates low slippage stablecoin swaps

   • Fundraising & Valuation: $500k at $50M valuation

   • Investors: Divergence Ventures, IDEO Labs, Meta Cartel, The LAO, etc.

   • Discord link