Dear GCR Members,
Please find the latest list of all active deals at GCR for the week of May 27! 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.
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The GCR Core Team
RAISING (Currently Fundraising)
Last Chance to Participate
DEAL #1
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.
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.
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
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