Crypto Fundraising weekly
Dates: 09 – 15, Feb 2025

This week's biggest funding round

HashKey Group raised $30M in a funding round from Gaorong Ventures.

HashKey Group operates the Hong Kong-based crypto exchange. Its core businesses also include HashKey Capital, a global asset manager investing exclusively in blockchain technology and digital assets; HashKey Cloud, a world-leading blockchain node validation service provider; HashKey Tokenisation, tokenisation services provider; and HashKey NFT, Web3 PFP incubation and community operation service provider, among others.

Pre-seed and Seed investment rounds

Kun raised undisclosed amount in a Seed funding round from BAI Capital*, GSR Ventures, Hash Global.

KUN is a global digital payment service provider offering compliant, efficient, and secure solutions for cross-border trade, overseas businesses, Web3 enterprises, and high-net-worth individuals. Leveraging payment licenses and crypto regulatory frameworks in regions like Hong Kong, Singapore, the Middle East, and the EU, KUN addresses challenges in cross-border payments by bridging stablecoins and fiat systems.

Teneo (ex ELOOP) raised $3M in a Seed funding round from RockawayX*, Borderless Capital*, Generative Ventures*, Moonrock Capital, CertiK Ventures, Outlier Ventures, X ventures, Token Ventures, EoT Ventures, MN Capital, Advanced Blockchain AG, Venionaire Web3.

Teneo is a decentralized platform that bridges real-world data with Web3 applications, focusing on data utilization and tokenization for Decentralized Physical Infrastructure Networks (DePIN) and Artificial Intelligence (AI). By unlocking previously inaccessible data pools, such as real-time social media insights and machine-generated data, Teneo enables data providers to monetize their information through the $TENEO token. The platform offers a suite of products, including machine data storage and access, community nodes for decentralized data collection, and tokenization services for assets and data collateral.

DeFi App raised $2M in a Seed funding round from Mechanism Capital*, DCF Capital Partners, Balaji Srinivasan, Pentoshi.

DeFi App is a decentralized SuperApp simplifying DeFi trading with full self-custody of assets. It enables instant, gas-free, one-click cross-chain swaps, decentralized derivatives trading, and yield opportunities without the need for bridges or KYC checks. By using “full-chain abstraction” and biometric security, DeFi App ensures a user-friendly experience for both crypto newcomers and experts. Accessible across multiple blockchains and devices, it combines CeFi and DeFi into a seamless platform that empowers users to trade, swap, and manage their digital assets efficiently.

BitRobot Network (FrodoBots) raised $6M in a Seed funding round from Protocol VC*, Big Brain Holdings, Fabric Ventures, Zee Prime Capital, Tioga Capital Partners, Sfermion, Permanent Ventures, Stateless Ventures, Nim Network, Solana Ventures, Virtuals Protocol, Anatoly Yakovenko, Raj Gokal.

BitRobot is a crypto-incentivized platform co-developed by FrodoBots Lab and Protocol Labs, designed to advance Embodied Artificial Intelligence (AI) research. Built on the Solana blockchain, it utilizes a subnet-based architecture where each subnet contributes valuable outputs, such as compute resources, real-world robot fleets, datasets (both real and synthetic), and AI models across various robotic tasks and embodiments, from sidewalk robots to humanoids. The platform aims to foster global collaboration in Embodied AI by leveraging crypto incentives to encourage participation from diverse stakeholders.

Blum raised $5M in a Seed funding round from gumi Cryptos Capital (gCC)*, YZi Labs (ex Binance Labs), The Spartan Group, No Limit Holdings (NLH), OKX Ventures (ex OKEx Blockdream Ventures), The Open Platform (TOP), Bitscale Capital, Wintermute Ventures.

Blum is a hybrid exchange offering seamless access to both centralized and decentralized exchanges (CEX and DEX) through a single platform. It supports over 30 chains and allows users to trade coins without needing to switch networks or pay native token gas fees. Blum provides a gamified experience through a Telegram mini-app, with features like AI co-pilot assistance, localized P2P trading, simple derivatives, and unified CEX/DEX trading. It also offers both self-custody and MPC wallet options.

Partnr (Mirai Labs) raised $4M in a Seed funding round from Mechanism Capital*, Oak Grove Ventures, Selini Capital, Rubik VC, Protagonist, Sophon, TON Ventures, Manifold, Bitscale Capital, Lhava.

Mirai Labs is a Web3 gaming and AI studio, best known for Pegaxy, a blockchain-based horse racing game. The company is developing Partnr, a crypto-focused AI agent that automates wallet management and on-chain transactions while adapting to user preferences. Partnr includes Partnr Chat for AI-driven interactions and Partnr Vaults for secure on-chain executions.

Whetstone Research raised $1.3M in a Pre-seed funding round from Variant Fund, Nascent, Credibly Neutral, Uniswap Labs Ventures, Ambush Capital, Figment.

Whetstone Research is a company focused on developing new protocols to advance on-chain markets. Their initial product, Doppler, is a liquidity bootstrapping protocol built on the Uniswap ecosystem, designed to enhance price discovery and liquidity efficiency. Additionally, they have developed Pure Markets, a DeFi front-end application that operates on top of Doppler.

InfiniFi raised $3M in a Pre-seed funding round from Electric Capital*, New Form Capital, Kraynos Capital, Baboon VC, DeFiDad, Sam Kazemian.

InfiniFi is a depositor-driven DeFi system designed to address duration gaps in traditional banking. It automates capital allocation, allowing users to choose between liquidity or higher yields by locking funds into assets like Pendle and Ethena. The system enhances stability, transparency, and yield optimization through blockchain technology.

Drosera raised $3.3M in a Seed funding round from Greenfield Capital*, Anagram, Paper Ventures, Arrington Capital, UDHC, Pulsar.

Drosera is a decentralized incident response protocol designed to address and mitigate exploits by leveraging hidden security intents. Functioning as a security marketplace, Drosera allows protocols to set Traps, defined by smart contracts, which remain off-chain to conceal security intents, and Drosera Operators execute on-chain emergency responses when triggered by consensus.

Other investment rounds

Mango Network raised $13.5M in a  funding round from Ainfra Ventures, KuCoin Ventures, Tido Capital, Connectico Capital, Becker Ventures, T-Fund, Mobile Capital, CatcherVC.

Mango Network is a Layer 1 blockchain platform designed to address challenges in Web3 applications by combining EVM and MoveVM compatibility. It aims to provide a secure, modular, and high-performance infrastructure for developers and users.

GamerBoom raised $9M in a  funding round from Nvidia, Solana Foundation, Bing Ventures, Mask Network, Digital Finance Group (DFG), Jsquare, Sky Ventures.

GamerBoom is an incentive layer and data mining protocol powered by an AI-driven data labeling system built on mainstream Web2 games. It aims to revolutionize gaming culture and economy by empowering players to control their digital lives.

Juventus Football Club raised undisclosed amount in a  funding round from Tether.

Juventus Football Club, commonly known as Juventus or Juve, is a professional football club based in Turin, Italy. Founded in 1897, it has become one of the most successful and storied football clubs globally. Juventus has won numerous domestic and international titles, including multiple Serie A championships, Coppa Italia trophies, and UEFA Champions League titles. The club is renowned for its rich history, iconic black and white striped jerseys, and a strong fan base worldwide. Juventus continues to be a dominant force in Italian and European football, attracting top talent and competing at the highest levels of the sport.

Yield Guild Games raised undisclosed amount in a  funding round from Gam3Girl Ventures.

Yield Guild Games is a decentralized gaming guild that invests in NFTs found in blockchain-based games and virtual world economies.

Fireverse raised $2.5M in a Series A  funding round from Nobody*, T-Fund, BingX Labs, Gate Labs, Chain Capital, TCC Capital, Central Research, Stratified Capital.

Fireverse is an AI-driven music generation platform that enables users to create, market, and monetize music through a Web3.0 business model. The platform offers one-click AI music processing tools, allowing both amateur and professional musicians to easily produce high-quality compositions. Fireverse also provides features such as gamification, campaign building, and blockchain-based copyright protection to enhance user engagement and ensure the security of creative works.

Plasma raised $24M in a  funding round from Framework Ventures*, Bitfinex, Peter Thiel, Paolo Ardoino.

Plasma is a high-throughput, zero-fee payment platform built on Bitcoin. It enables USD₮ transfers with no fees and supports over 1,000 transactions per second, leveraging Bitcoin’s security. Plasma introduces a novel Nakamoto PoS consensus mechanism and a hybrid UTXO/Account architecture, allowing developers to build and execute modular smart contracts. The platform is designed to enhance Bitcoin’s utility for payments and decentralized applications with scalable, low-latency solutions.

Catalyst raised undisclosed amount in a M&A  funding round from LI FI.

Catalyst is an open-source liquidity protocol designed to connect modular blockchains, enabling seamless asset swaps across various chains. Developed by Cata Labs, Catalyst aims to create a borderless Web3 environment where users can swap assets across any chain they are on. The protocol supports atomic swaps between native assets on different chains, facilitating efficient and secure cross-chain transactions.

DeFi App raised $2M in a Public sale  funding round from .

DeFi App is a decentralized SuperApp simplifying DeFi trading with full self-custody of assets. It enables instant, gas-free, one-click cross-chain swaps, decentralized derivatives trading, and yield opportunities without the need for bridges or KYC checks. By using “full-chain abstraction” and biometric security, DeFi App ensures a user-friendly experience for both crypto newcomers and experts. Accessible across multiple blockchains and devices, it combines CeFi and DeFi into a seamless platform that empowers users to trade, swap, and manage their digital assets efficiently.

Soter Insure raised undisclosed amount in a Series A  funding round from Galaxy Digital*, Karatage, Token Bay Capital, Brevan Howard Digital, Pharsalus Capital.

Soter Insure provides institutional-grade Web3 insurance, covering operational risks, asset theft, and smart contract failures. It offers D&O, E&O, Specie & Crime, and Tech PI insurance, protecting businesses from negligence, security breaches, and financial losses.

BitRobot Network (FrodoBots) raised $2M in a  funding round from .

BitRobot is a crypto-incentivized platform co-developed by FrodoBots Lab and Protocol Labs, designed to advance Embodied Artificial Intelligence (AI) research. Built on the Solana blockchain, it utilizes a subnet-based architecture where each subnet contributes valuable outputs, such as compute resources, real-world robot fleets, datasets (both real and synthetic), and AI models across various robotic tasks and embodiments, from sidewalk robots to humanoids. The platform aims to foster global collaboration in Embodied AI by leveraging crypto incentives to encourage participation from diverse stakeholders.

StakeStone raised $10M in a  funding round from BingX Labs.

StakeStone is a decentralized protocol that offers scalable, yield-optimizing services for Ethereum stakers. It utilizes STONE, a non-rebase token, to represent staked ETH, providing competitive yields across multiple blockchains through decentralized portfolio optimization. StakeStone supports cross-chain compatibility and multi-scenario adaptation, enabling users to maximize capital efficiency with real-time yield generation. It promotes an eco-system where STONE can be utilized in diverse DeFi scenarios, including exchanges, stablecoin minting, lending, and derivatives markets.

Mintify raised undisclosed amount in a  funding round from Redacted Coin.

Mintify is an NFT multi-chain aggregator, analytics platform and trading terminal to deploy sophisticated NFT investment strategies.

Magically raised undisclosed amount in a M&A  funding round from Mintify.

Magically is a professional analytics marketplace for digital assets, offering advanced tools and insights for traders and collectors.

Ape Pro raised undisclosed amount in a M&A  funding round from Jupiter.

Ape Pro is Solana’s memecoin trading terminal, offering traders advanced tools and a superior mobile-optimized experience. It features seamless social logins, MEV-protected swaps, real-time market data, and customizable token feeds, all designed to enhance the trading of memecoins within the Solana ecosystem.

Aurus raised undisclosed amount in a  funding round from KEYDifference.

Aurus is a blockchain platform that tokenizes precious metals, offering digital assets fully backed by physical gold (tGOLD), silver (tSILVER), and platinum (tPLATINUM). These tokens are stored in insured and audited vaults, providing users with a secure and transparent way to invest in and utilize precious metals within the Web3 ecosystem. Aurus also offers an ecosystem token, $AURUS, which features a buy-and-burn mechanism to enhance value and liquidity. The platform enables various applications, including DeFi solutions, gold-backed NFTs, and gaming experiences, bridging traditional assets with modern blockchain technology.

Bidask Protocol raised undisclosed amount in a  funding round from DWF Labs.

Bidask Protocol is the first Concentrated Liquidity Market Maker (CLMM) built on the TON blockchain, utilizing the FunC programming language. It enables liquidity providers to allocate assets within specific price ranges, enhancing capital efficiency and reducing slippage for traders. The platform offers tools for monitoring and analyzing liquidity pools in real-time, allowing users to define price ranges and select liquidity distribution strategies to optimize trading outcomes.

EstateX raised undisclosed amount in a  funding round from GD10 Capital.

EstateX is a platform that democratizes real estate investment through tokenization, allowing individuals to invest in property assets with lower minimums and increased liquidity. The platform offers a comprehensive ecosystem, including features like EstateX Pay for spending real estate investments as cash, PropXChange for trading real estate tokens, and EstateX University for educational resources.

Legend raised $15M in a  funding round from Andreessen Horowitz (a16z crypto), Coinbase Ventures.

Legend is a platform that offers an embedded smart wallet with native support for various protocols and EVM-compatible blockchains. It emphasizes user control, ensuring that individuals have full ownership of their keys and cryptocurrencies.

ZenGo raised undisclosed amount in a  funding round from Tether*, Insight Partners, Benson Oak Ventures, Elron Ventures, Anatoly Yakovenko.

ZenGo is a self-custodial crypto wallet using MPC technology for enhanced security, eliminating seed phrase risks. It supports 380+ assets, offers 3D FaceLock and 3FA recovery, and enables secure trading, buying, and storing of crypto.

Fere AI raised undisclosed amount in a  funding round from Morningstar Ventures.

FereAI is an AI-powered platform offering autonomous agents for real-time cryptocurrency research and trading. Its suite includes tools like Fere Pro for market analysis, Market Pulse Agent for social sentiment insights, Yield Agent for automated yield farming, and Telegram Agent for 24/7 social media monitoring. These agents analyze data from over 1,000 sources to uncover hidden opportunities and optimize investment strategies. In partnership with AIxBlock, FereAI enhances its AI models and data processing workflows, ensuring secure and efficient operations.

WalletConnect (Reown) raised $4M in a Public sale  funding round from .

Reown is the onchain UX platform and builder of the WalletConnect Network. WalletConnect is an on-chain user experience (UX) ecosystem that facilitates seamless connections between wallets, decentralized applications (dApps), and users. The platform introduces the WalletConnect Token (WCT), which secures the network through staking, rewards, fees, and governance. Additionally, WalletConnect offers WalletGuide, a directory of on-chain wallets adhering to high UX standards in security and features.

TaoFi raised undisclosed amount in a Strategic  funding round from Digital Currency Group (DCG)*, Pantera Capital, Taostats, Lyrik Ventures, Sami Kassab.

TaoFi is a DeFi infrastructure layer for decentralized AI, built on Bittensor. It integrates TAO-backed stablecoins, decentralized exchanges, and liquid staking solutions, unlocking new financial utilities for the deAI ecosystem. Supported by DCG, TaoFi aims to enhance liquidity and expand DeFi capabilities within Bittensor.

World Liberty Financial raised undisclosed amount in a  funding round from Oddiyana Ventures.

World Liberty Financial is a decentralized platform enabling users to earn and borrow cryptocurrency seamlessly. It combines DeFi lending protocols with rewards, allowing users to maximize asset utility while earning competitive yields. The platform focuses on accessibility and financial empowerment within the Web3 ecosystem.

Cabal raised $3M in a  funding round from Hack VC, Delphi Ventures, Nascent, CitizenX Crypto Ventures, DCF God, Daryl Lau, Darren Lau, Ajit Tripathi, Nick Chong.

Cabal is a yield-generating protocol built on Initia’s Layer 1, designed to amass governance power and reward VIP users. It enables users to deposit INIT and Enshrined Liquidity positions in exchange for liquid, income-generating assets, enhancing participation and rewards within the Initia ecosystem.

AMMO raised undisclosed amount in a  funding round from Samsung Next.

AMMO (Architectures for Massive Multiagent Online) is an AI-driven multi-agent ecosystem founded by former leaders from Google, DeepMind, and Meta. It enables users to own personal AI agents (“User Buddies”) for learning, investing, and personal growth. AMMO leverages a Massive Agent Factory, a composable embedding space (MetaSpace) for AI interaction, and reinforcement learning from human feedback (RLHF) to ensure aligned AI evolution.

Phlo Systems Ltd raised undisclosed amount in a  funding round from R.J. O’Brien & Associates (RJO).

Phlo Systems is a trade technology firm specializing in Software-as-a-Service (SaaS) solutions to digitize and streamline international trade operations. Leveraging Artificial Intelligence (AI) and Machine Learning (ML), the company offers products like opsPhlo, tradePhlo, and finPhlo to enhance customs compliance, risk management, enterprise resource planning (ERP), and trade finance management. Their platforms aim to make trade processes more efficient, traceable, sustainable, and secure.

Yup raised undisclosed amount in a M&A  funding round from ThirdWeb.

Yup is a social network for curators that rewards users for liking and sharing content across the web.

Hivello raised $100K in a Public sale  funding round from .

Hivello is a decentralized physical infrastructure network that allows users to contribute spare resources from devices like computers, routers, modems, and storage nodes to mine DePIN (Decentralized Physical Infrastructure Networks) protocols for Web3 applications. Led by pioneers in blockchain payment solutions, Hivello aims to democratize access to decentralized services globally, reshaping infrastructure and leveraging expertise in the DePIN space to address the evolving needs of blockchain-based applications.

NodeGo raised $8M in a  funding round from Hash Capital*.

NodeGo is a decentralized network that enables users and businesses to monetize unused computing power by contributing to AI, spatial computing, and other computational tasks. By participating, users can earn rewards and support the advancement of AI innovation. NodeGo offers tools and applications, including a Chrome extension, to facilitate easy integration and management of contributions.

Human Passport (ex Gitcoin Passport) raised $10M in a M&A  funding round from Holonym.

Human Passport, formerly known as Gitcoin Passport, is a Proof of Personhood protocol that enables individuals to verify their identity without disclosing sensitive personal data. It aggregates identity credentials from verified sources like Gitcoin, BrightID, and Coinbase to ensure each user is unique, thereby protecting projects against bots and Sybil attacks.

CyberScope raised undisclosed amount in a M&A  funding round from TAC Security.

Cyberscope is a leading cybersecurity firm specializing in smart contract audits, Know Your Customer (KYC) verifications, and penetration testing within the blockchain and cryptocurrency sectors. Cyberscope’s services aim to enhance security and trust in the Web3 ecosystem.

STR8FIRE raised undisclosed amount in a  funding round from Taisu Ventures.

STR8FIRE is a GameFi platform that tokenizes entertainment IPs, transforming Web2 content into play-to-earn games and NFT collections. It enables investors and fans to own, trade, and profit from movies, TV shows, music, and more while offering IP owners funding through tokenized equity.

Hivello raised $0.9M in a Public sale  funding round from .

Hivello is a decentralized physical infrastructure network that allows users to contribute spare resources from devices like computers, routers, modems, and storage nodes to mine DePIN (Decentralized Physical Infrastructure Networks) protocols for Web3 applications. Led by pioneers in blockchain payment solutions, Hivello aims to democratize access to decentralized services globally, reshaping infrastructure and leveraging expertise in the DePIN space to address the evolving needs of blockchain-based applications.

Hivello raised undisclosed amount in a  funding round from Animoca Brands, Taisu Ventures, NGC Ventures (NEO Global Capital), Blockchange Ventures, Contango Digital Assets.

Hivello is a decentralized physical infrastructure network that allows users to contribute spare resources from devices like computers, routers, modems, and storage nodes to mine DePIN (Decentralized Physical Infrastructure Networks) protocols for Web3 applications. Led by pioneers in blockchain payment solutions, Hivello aims to democratize access to decentralized services globally, reshaping infrastructure and leveraging expertise in the DePIN space to address the evolving needs of blockchain-based applications.

* fund, that lead investment round