GCR Deal Update (Week of May 23, 2022)

Dear GCR Members,

Please find the latest list of all active deals at GCR for the week of May 23! 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. 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

2. BearTax

   • Description: Crypto tax solution provider

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

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

   • Discord link

3. 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

4. Magic Eden

   • Description: Leading Solana NFT marketplace

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

   • Investors: Electric Capital, Greylock, Lightspeed Venture Partners, 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 at $180M valuation

   • Investors: A Capital, Placeholder, Variant, etc.

   • Discord link

6. 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

7. Shardeum

   • Description: EVM compatible sharded L1

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

   • Investors: N/A

   • Discord link

Just Started Fundraising

1. Shell Protocol

   • Description: DEX that facilitates low slippage stablecoin swaps

   • Fundraising & Valuation: $500k; negotiable valuation ($50M was the valuation for the recent fundraising)

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

   • Discord link

2. FlowCarbon

   • Description: Blockchain-based carbon trading tools

   • Fundraising & Valuation: TBD (recently raised $70M); GCR secured $100k+ allocation at a discount

   • Investors: A16z, General Catalyst, Samsung Next, Celo Foundation, etc.

   • Discord link

3. Mochi

   • Description: DAO-tool to improve DAO coordination via gaming

   • Fundraising & Valuation: $2M at $18M valuation

   • Investors: TBD

   • Discord link

1. PangeaDAO (Deal Call on May 30th 1:30pm ET)

   • Description: Investment DAO that owns, operates, and finances income-generating Metaverse land

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

   • Investors: N/A

   • Discord link

2. Gambit (Deal Call on June 1st 2:30pm ET)

   • Description: Play-to-earn fantasy sports game

   • Fundraising & Valuation: $3M at $30M valuation

   • Investors: N/A

   • Discord link