Crypto Fundraising weekly
Dates: 11 – 17, May 2025

This week's biggest funding round

Gnosis HQ (ex Headquarters) raised $15M in a M&A funding round from Gnosis.

Gnosis HQ (formerly Headquarters) is a self-custodial financial platform tailored for Web3-native teams and traditional businesses. Acquired by Gnosis in May 2025, it offers enterprise-grade tools including stablecoin payments, Visa corporate cards, and integrations with accounting software like Xero and QuickBooks.

Pre-seed and Seed investment rounds

XP (Captain Labs) raised $6.2M in a Seed funding round from Blockchange Ventures*, L1D (L1 Digital), Reflexive Capital.

XP is a Web3-native ticketing platform developed by Captain Labs, operating on the Solana blockchain. It tokenizes event tickets as on-chain Real World Assets (RWAs), enhancing transparency, security, and user control. By leveraging the Tamperproof protocol, XP ensures secure ticket transactions, addressing issues like hidden fees and counterfeit tickets.

KYD Labs raised $7.1M in a Seed funding round from a16z Crypto Startup Accelerator (CSX)*, Finality Capital, Ambush Capital, TechStars, Jay Eum, Nakul Gupta.

KYD Labs is a Web3 ticketing platform built on the Aptos blockchain, empowering artists and venues to control ticket sales, fan data, and revenue. By eliminating intermediaries, KYD enables direct-to-fan sales, reducing costs and enhancing transparency. The platform offers features like automated marketing tools, resale control, and loyalty rewards, ensuring that creators retain more value from their events.

Nirvana Labs raised $6M in a Seed funding round from Crucible Capital*, Jump Crypto*, RW3 Ventures, Castle Island Ventures, Hash3.

Nirvana Labs is a Web3 infrastructure provider that empowers developers and companies with high-performance blockchain infrastructure. Utilizing the proprietary Nirvana Cloud platform, it offers cost-effective and reliable access for scalable and efficient dApp development. With a global presence across five continents, Nirvana Labs ensures low-latency, high-reliability, and customizable solutions for developers, providing secure and privacy-focused services to enhance the Web3 experience.

SpaceComputer raised undisclosed amount in a Pre-seed funding round from Primitive*, Nascent, Tangent Ventures, Symbolic Capital (ex Hyperedge Capital), Public Works, Merkle Ventures, Meltem Demirors, Sandeep Nailwal, Loi Luu.

SpaceComputer is a tamper-proof, orbital computing infrastructure that integrates advanced cryptographic technologies—including zero-knowledge proofs (ZK), multi-party computation (MPC), and fully homomorphic encryption (FHE)—to establish a decentralized “Orbital Root of Trust.” By deploying secure computing nodes in space, the platform aims to transcend terrestrial limitations, offering enhanced security and resilience for blockchain applications. SpaceComputer’s architecture supports high-performance cryptographic operations, such as zk-rollups and secure auctions, facilitating trustless and censorship-resistant systems for the Web3 ecosystem.

Turtle Club raised $6.2M in a Seed funding round from Theia*, SIG DTI (a Susquehanna International Group Company), ConsenSys, Laser Digital, L2 Iterative Ventures (L2IV), Re7 Labs, Selini Capital, Chorus One, Trident Digital, Auros Global, Triton Liquid Fund, Archimed Capital, Tulipa Capital, Bodhi Ventures, Frachtis, Moonhill Capital, Heliad AG, Peaq, Joseph Lubin, Ryan Fang, Bitscale Capital.

Turtle Club is a Web3 distribution protocol that monetizes users’ on-chain activities—such as liquidity provision, swaps, staking, and referrals—by tracking wallet interactions and distributing rewards through partner protocols. Operating without smart contracts, Turtle Club ensures a trustless, fee-free, and self-custodial experience, enhancing yields across the DeFi ecosystem.

DoubleUp raised $4M in a Seed funding round from Karatage*, Mysten Labs, Selini Capital, EBlock Capital, Comma3 Ventures, Four Pillars, Alpha DAO, Auros Global.

DoubleUp is a decentralized casino built on the Sui blockchain, offering a transparent and provably fair gaming experience. By leveraging smart contracts and blockchain technology, DoubleUp ensures that all games are tamper-proof and verifiable, enhancing trust among players. The platform features a variety of games, including coin flips and other chance-based games, providing users with an engaging and secure environment to test their luck.

Other investment rounds

Puffverse raised $700K in a Public sale  funding round from .

Puffverse is a Disney-like 3D metaverse connecting Web 3 virtuality with Web 2 reality, offering NFT-based characters for diverse interactive experiences. It features a multi-end universe where players collect unique characters with distinct traits, costumes, and skills, using them in various scenarios and trading assets within the ecosystem. PUFF and vePUFF tokens drive the economy, with PUFF facilitating transactions and vePUFF serving as governance tokens obtained through staking and game rewards.

Taker Protocol raised undisclosed amount in a  funding round from 071labs (Zero Seven One Labs).

Taker is a Bitcoin-native liquidity protocol designed to unlock BTC’s utility across decentralized finance. Built on its own blockchain, Taker Chain, it employs a novel Nominated Proof-of-Liquidity (NPOL) consensus mechanism that rewards users for providing liquidity. The platform enables users to bridge BTC and BRC-20 assets (like Ordi, Sats) from Bitcoin or Ethereum to Taker Chain via a secure Dynamic Hidden Committee (DHC) bridge. Once bridged, users can stake LP tokens, participate in governance through veTAKER, and earn yields from trading fees and block rewards. Taker also features Taker Swap, a native AMM-based DEX optimized for capital efficiency and low slippage.

UXLINK raised undisclosed amount in a  funding round from Animoca Brands.

UXLINK is a Web3 social platform designed for mass adoption, offering users the ability to create social assets and participate in cryptocurrency trading. This innovative platform includes a range of modularized Dapps covering onboarding, social graph formation, group tools, and socialized trading.

Flood raised undisclosed amount in a M&A  funding round from 0x Labs.

Flood is an Ethereum-focused DEX aggregator that optimally routes trades for the best prices. Currently live on Arbitrum One and planning expansion, Flood offers gasless trading and an intent-based model where users state their outcome, while fulfillers execute at optimal prices. The platform aims to efficiently orchestrate the relationship between users, owners, and fulfillers through its immutable core and optional modules.

Giza raised $2.2M in a  funding round from CoinFund, Base Ecosystem Fund, Echo, Re7 Capital, Stake Capital, ID Theory, Contango Digital Assets, HASH CIB (Crypto Investment Bank), Metropolis DAO, zeroDAO, Spaceship DAO, Wise3 Ventures, Good Partners, MH Ventures, Q42, Encode Club, WGMI Capital, Norbert Bodziony.

Giza is developing a trustless protocol that decentralizes machine learning inference computation, providing guardrails powering the open economy of open-source AI. It enables AI developers to generate zero-knowledge proofs, ensuring transparency and trust in the deployment of verifiable ML models.

XSY (Unity) raised $5M in a Series A  funding round from Borderless Capital*, Protagonist*, Paper Ventures, Blizzard, Chainview Capital, Sonic Boom Ventures.

XSY is a DeFi capital management platform that simplifies access to advanced yield strategies through its flagship product, Unity ($UTY). Built on the Avalanche blockchain, Unity is a synthetic dollar that combines long spot positions with short perpetual futures, enabling users to earn yield while maintaining exposure to their assets. The platform offers two vault options: yUTY for auto-compounding yield and xUTY for accruing governance points redeemable for $XSY tokens.

TrendX raised $5.2M in a  funding round from Animoca Brands, Cream Labs.

TrendX is an AI-powered Web3 platform designed to track trends and facilitate intelligent trading. TrendX offers features like trend discovery, sentiment analysis, and both primary and secondary trading opportunities, leveraging advanced algorithms for informed investment strategies.

N1 (ex Layer N) raised $2M in a Public sale  funding round from .

N1 is a scalable Layer 1 blockchain that eliminates consensus in most cases, enabling asynchronous, unordered transactions for higher throughput. It features built-in data availability and execution environment flexibility, offering developers greater control over performance.

Squads raised undisclosed amount in a  funding round from HAUN Ventures.

Squads is a Solana-based multisig protocol that helps crypto firms secure and manage their digital assets on-chain. It offers a smart contract wallet system fully on-chain, ensuring transparency and immutability, and simplifies asset management for teams building on Solana and SVM, allowing them to secure and manage treasuries, programs, validators, and tokens collaboratively.

Vinanz raised $4M in a  funding round from .

Vinanz Limited is a publicly listed Bitcoin mining and investment company operating decentralized mining facilities across the United States and Canada. Incorporated in the British Virgin Islands and listed on the London Stock Exchange under the ticker BTC, Vinanz combines direct Bitcoin mining with strategic acquisitions of regulated Bitcoin ETFs to build a robust digital asset portfolio. The company focuses on scalable, low-cost operations by utilizing multiple data centers and renewable energy sources.

Perpl raised $9.3M in a  funding round from Dragonfly Capital*, Ergonia*, Brevan Howard Digital, Mirana Ventures, L1D (L1 Digital), Hashkey Capital, CMS Holdings, Breed VC.

Perpl is a fully on-chain decentralized exchange (DEX) specializing in perpetual futures trading, built on the Monad blockchain. It features a Central Limit Order Book (CLOB) architecture, ensuring deep liquidity, efficient markets, and full verifiability without off-chain components. Leveraging Monad’s high-performance infrastructure—offering 10,000 TPS, 500ms block times, and near-zero gas fees—Perpl delivers a seamless trading experience.

Mountain Protocol raised undisclosed amount in a M&A  funding round from Anchorage Digital.

Mountain Protocol is a decentralized network enabling users to borrow and lend money without traditional financial intermediaries. Users can borrow funds by collateralizing assets like cryptocurrency or NFTs, with loan amounts determined by collateral value, and lenders earn interest based on network supply and demand.

Redacted raised undisclosed amount in a  funding round from Castrum Capital.

Redacted is a Web3 entertainment ecosystem that integrates blockchain and AI to create an "entertainment datasphere," allowing users to play, trade, and watch content while earning rewards. Powered by the RDAC Token, Redacted enhances user experiences through targeted data protocols and provides commercial opportunities for Web3 companies and decentralized applications (DApps).

* fund, that lead investment round