GCR Deal Update (Week of September 25, 2023) Part Two

Dear GCR Members,

Please find the latest list of all active deals at GCR for the week of September 25! 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 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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Best,

The GCR Core Team

RAISING (Currently Fundraising)

Last Chance to Participate

1. Analog

   • Description: Novel, Layer-0 blockchain for event data in Web3, powered by Proof-of-Time.

   • Fundraising & Valuation: Raising $2.5M at $120M valuation

   • Investors: Tribe Capital, Binance, NGC Ventures, etc.

   • Discord link

2. Project Migaloo

   • Description: Blockchain for NFT Licensing + Open World Mobile UGC Platform made with Unreal5 and gen-AI.

   • Fundraising & Valuation: Raising $50M at $200M-$300M valuation

   • Investors: N/A

   • Discord link

3. Consensys (Secondary Transaction)

   • Description: A leading Ethereum blockchain software company that owns products like MetaMask, Infura, Linea, etc.

   • Fundraising & Valuation: $500k at $1.99B valuation (72% discount to latest fundraising round - Series D at $7.1B)

   • Investors: ParaFi, Dragonfly, Electric Capital, JP Morgan, Third Point, Coinbase, etc.

   • Discord link

4. Truflation

   • Description: A project focused on deploying financial and economic asset oracle software that implements a higher quantity of unbiased economic and financial data calculated and published in real-time and then packaged into solutions to meet needs across TradFi, DeFi, and individual traders.

   • Fundraising & Valuation: Raising $4M at $40M valuation

   • Investors: Chainlink, C-square, Plutus Labs, etc.

   • Discord link

5. Disco

   • Description: A new identity platform that allows users to have sovereignty over their data

   • Fundraising & Valuation: $3M-5M at $55M valuation

   • Investors: Polychain Capital, BitKraft, Bow Capital, etc.

   • Discord link

6. Panoptic

   • Description: An oracle-free options protocol built on top of Uniswap v3 that enables the minting, trading, and market-making of perpetual put and call options

   • Fundraising & Valuation: Raising $7M at $34M valuation

   • Investors: Gumi Crypto, Jane Street, Coinbase, Uniswap, Blizzard, etc.

   • Discord link

7. Saga

   • Description: A Web3 scalability protocol for the automated deployment of dedicated blockspace

   • Fundraising & Valuation: $10M at $250M valuation

   • Investors: Figment, Polygon Studios, Samsung NEXT, etc.

   • Discord link

8. Delphinus Lab

   • Description: Solutions for trustless computation and application SDK based on ZKWasm virtual machine

   • Fundraising & Valuation: Raising $2.2M at $48M valuation

   • Investors: Lemniscap, Binance Labs, etc.

   • Discord link

DILIGENCE (Pre-Management Call)

1. Dymension (Deal Call TBD - most likely Q3 2023)

   • Description: Network of modular blockchain called RollApps

   • Fundraising & Valuation: N/A; previously raised $6.7M at $50M valuation

   • Investors: Big Brain, Stratos, etc.

   • Discord link