The crypto and blockchain industry is growing exponentially and is just beginning to realize its enormous potential. potentialwith numerous projects, platforms and solutions under development across various verticals.
With the growing adoption of cryptocurrencies, new opportunities are also emerging in this area, and many startups based in Southeast Europe are working on exciting crypto and blockchain solutions.
In this article, we look at the best-funded crypto and blockchain startups in Greece, based on a list compiled by a Greek investor. Alex Alexakis.
The list features some of the most promising startups in this field, working on different aspects of blockchain technology, web3and crypto.
Name: Mysten Laboratories
Total funding: $336 million
Founders: George Danezis, Kostas Chalkias, Evan Cheng, Sam Blackshear, Adeniyi Abiodun
Vertical: web3
What does it do: Mysten Labs is creating a foundational infrastructure to accelerate Web3 adoption while developing tools that make Web3 secure and reliable.
Latest funding: The company raised $300 million in a Series B round led by FTX Ventures and reached a valuation of over $2 billion, making it one of the blockchain startups to watch in Greece. The company has big plans to expand and also have a team in Greece, and continue to build the core infrastructure to power the next wave of Web3 applications.
Name: Everywhere
Total funding: $66.3 million
Founders: Kostas Ketikidis, Janine Yorio, Jesse Stein, Julia Schwartz, TJ Kawamura
Vertical: NFT
What does it do: Everyrealm is an investment and innovation company across the global metaverse and NFT ecosystem. The Company invests, manages and develops assets including NFTs, virtual real estate, metaverse platforms, gaming and infrastructure.
Latest funding: In February 2020, the company raised a $60 million Series A, with over 30 investors participating in the funding round.
Name: Axelar Network
Total funding: $63.8 million
Founders: Georgios Vlachos, Sergei Gorbunov
Vertical: Blockchain
What does it do: Axelar provides secure cross-chain communication for Web3, creating an infrastructure that allows dApp users to interact with any asset or application on any blockchain.
Latest funding: Axelar closed a $35 million Series B funding round in February 2022, reaching a valuation of $1 billion. The latest round included investments from crypto-asset investment firm Dragonfly Capital, US investment firm Polychain Capital and blockchain venture fund Rockaway Blockchain, among others. Axelar also has a team in Greece.
Name: Wyre
Total funding: $29.1 million
Founders: Ioannis Giannaros, Michael Dunworth
Vertical: Cryptocurrency
Solution: Wyre is a blockchain technology-based payments platform for transferring money through global payments, account integration, and crypto wallet and savings solutions.
Latest funding: Wyre has raised a total of $29.1 million in nine rounds, with the last round closing in December 2021.
Name: Metrika
Total funding: $17.7 million
Founders: Nikos Andrikogiannopoulos
Vertical: Blockchain
Solution: Metrika is an operational intelligence platform for blockchain networks, providing communities with end-to-end visibility and actionable insights into the health of these networks.
Latest funding: In September 2021, the company farm a $12 million Series A funding round led by Neotribe Ventures and other institutional investors including Coinbase Ventures, Samsung NEXT, Nyca Partners and SCB 10X.
Name: Radicle
Total funding: 12 million dollars
Founders: Eleftherios DiakomichalisAlexis Sellier
Vertical: Software development
Solution: Radicle allows developers to securely collaborate on software through a peer-to-peer network built on GitHub.
Latest funding: In February 2021, the company raised $12 million in funding, in a round led by NFX and Galaxy, with participation from Placeholder, Electric Capital and ParaFi Capital.
Name: Binary query
Total funding: $8.5 million
Founders: Dean Karakitsos, Alexey Studnev
Vertical: Blockchain
Solution: Bitquery powers and solves blockchain data problems using ground truth, on-chain data, extracting and presenting valuable data through APIs. These APIs provide solutions to multiple verticals such as Decentralize Finance (DeFi), DEX Arbitrage Analytics, Crypto Surveillance & Forensics on all major blockchains like Bitcoin, Ethereum, EOS, Tezos.
Latest funding: Bitquery raised $8.5 million in seed funding in September this year, led by Binance Labs and dao5, with participation also from Susquehanna, DHVC, INCE Capital and angel investors from Google.
Name: Nayms
Total funding: $8.4 million
Founders: Théodore Georges, Dan Roberts
Vertical: Smart contracts
Solution: Nayms is a smart contract platform for the placement, trading, reporting and settlement of insurance risks.
Latest funding: In June last year, Nayms secure $6 million from a cohort of investors who subscribed to a future listing of the project’s native token, NAYM.