Funding Roundup: A Web3 recruiting network announces $10M raise

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It was a quiet week on the funding front, with only a handful of announcements coming out. 

Web3 recruiting network Bondex announced earlier this week it raised $10 million across rounds. According to a press release, venture capitalist firms Animoca Brands, Morningstar and Chainlink all participated in the rounds. 

The firm seeks to shift “incentives and demand away from middle men to reward and empower users […]” and “change the professional networking model so that the talent participates in the upside and economics of the social network they are bringing value to,” according to the press release. 

Bondex “gamifies” recruitment for both companies and job seekers by offering a token or USD bounty of up to $10,000 for successful hires. 

Read more: Web3 Watch: Telegram tap-to-earn is the new crypto gaming trend

The new capital, according to CEO Ignacio Palomera, will be used to “enhance the platform” as well as integrate it with Web3 and Web2 ecosystems so as to “take on legacy recruitment platforms with a twist of blockchain.”

According to Bondex, Binance, Chainlink and all use the platform for hiring.

“Bondex is changing the game for future recruitment through Web3, enabling blockchain technology and the power of referrals to innovate against legacy platforms out there. We’re excited to be a part of that journey, and look forward to introducing the Web3 professional network across the Animoca Brands ecosystem,” Yat Sui, executive chairman at Animoca Brands, said. 

Other notable rounds:

  • Sonic, a gaming-focused Solana layer-2 network, announced it raised $12 million in a Series A round led by Bitkraft.
  • Farworld Labs, a gaming consortium native to Farcaster, announced a $1.75 million pre-seed funding round led by Lemniscap and Variant Funds.  
  • Router Protocol announced an oversubscribed strategic funding round, though it didn’t disclose an amount or participating firms.

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Funding Roundup: A Web3 recruiting network announces $10M raise is written by Katherine Ross for

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