Crypto Fundraising weekly
Dates: 20 – 26, Apr 2025

This week's biggest funding round

Bitdeer raised $179M in a funding round from Matrixport Ventures.

Bitdeer is a global digital asset mining and high-performance computing platform, offering cloud mining services, mining machine hosting, and AI cloud solutions. Headquartered in Singapore and listed on NASDAQ under the ticker $BTDR, Bitdeer operates mining facilities in the U.S., Norway, and Bhutan. The platform provides users with access to hash rate sharing, customizable mining plans, and advanced infrastructure, including its proprietary SEALMINER chips and Minerplus management system. Additionally, Bitdeer has expanded into AI computing, offering scalable GPU servers and an intuitive AI Studio platform to streamline AI and ML workflows.

Pre-seed and Seed investment rounds

Catalysis raised $1.3M in a Pre-seed funding round from Hashed Emergent*, Presto Labs, Spaceship DAO, FunFair Ventures, Cosmostation, Crypto Times.

Catalysis is a shared security abstraction layer that unifies economic security across multiple restaking protocols—including EigenLayer, Symbiotic, and Kernel—allowing developers to build decentralized networks (AVSs) without managing complex infrastructure. It simplifies node operations, accelerates go-to-market timelines, and supports modular deployment across Ethereum, Bitcoin, Solana, and other ecosystems. Catalysis is designed to power the next generation of verifiable services, including bridges, oracles, and zero-knowledge applications, by providing a unified interface for accessing and managing restaked security.

MagicBlock raised $7.5M in a Seed funding round from Lightspeed Faction*, Maven 11 Capital, Mechanism Capital, Robot Ventures, Delphi Ventures, Equilibrium co, Pivot Global, Anatoly Yakovenko, Tristan, Ajit Tripathi.

MagicBlock is a high-performance engine built on top of Solana, designed to accelerate the development of onchain games and consumer applications that are decentralized and unstoppable. With Ephemeral Rollups, MagicBlock introduces a new primitive that enhances Solana’s scalability without fragmenting its state. Developers can leverage MagicBlock to build fully onchain games and apps that are trustless, permissionlessly composable, and persist without the need for centralized servers.

Inflow raised $1.1M in a Pre-seed funding round from Rockstart, Gnosis, Alliance DAO (ex DeFi Alliance), Plug and Play Ventures, Stake Capital.

Inflow is a blockchain-powered payment platform designed to streamline global transactions for businesses in emerging markets. By leveraging open banking and self-custodial wallets, it offers instant settlements, reduced fees, and enhanced security. The platform supports various payment methods, including shareable payment links, API checkouts, and dynamic IBANs, facilitating seamless cross-border payments. InflowPay’s infrastructure enables merchants to accept payments globally while maintaining full control over their funds, eliminating the risk of account freezes. Additionally, it offers features like automated yield generation on payment flows and integration with stablecoins, catering to the needs of crypto-native businesses.

Other investment rounds

Nous Research raised $50M in a Series A  funding round from Paradigm.

Nous Research is a decentralized AI collective building open-source large language models (LLMs) and infrastructure through distributed training across global idle computing resources. Leveraging the Solana blockchain for coordination and incentives, Nous develops human-centric models like Hermes 3, pioneering methods for decentralized GPU training and resilience against data poisoning.

Theo raised $20M in a  funding round from Hack VC*, Anthos Capital*, Manifold, Mirana Ventures, MH Ventures, Metalayer Ventures, SCB Limited, Amber Group, Selini Capital, MEXC, Flowdesk.

Theo is a decentralized trading infrastructure platform that democratizes access to institutional-grade trading strategies for both retail and institutional investors. By leveraging a low-latency settlement network, Theo enables seamless execution across major trading venues, maintaining autonomous margin requirements and offering next-block finality. Users can deposit assets into strategy-specific vaults, gaining exposure to advanced trading strategies such as arbitrage, hedging, and cross-chain funding rate optimization.

Inco raised $5M in a Strategic  funding round from a16z Crypto Startup Accelerator (CSX)*, Coinbase Ventures, 1kx, Orange DAO, South Park Commons, Script Capital.

Inco is a modular Layer-1 blockchain using fully homomorphic encryption (FHE) to provide confidential computing, enhancing on-chain privacy and scalability for developers and users in the Ethereum ecosystem. With a focus on democratizing access to liquidity and fostering Web3 adoption, Inco offers a seamless, privacy-focused experience for creating innovative decentralized applications (dApps) across various sectors, including gaming, DeFi, payments, governance, and identity.

Mask Network raised $5M in a  funding round from DWF Labs.

Mask Network is a browser extension that integrates Web3 functionalities into mainstream social media platforms like X (formerly Twitter), Facebook, and Instagram. It enables users to send encrypted messages, conduct cryptocurrency transactions, and interact with decentralized applications (dApps) directly within their social feeds. By bridging Web2 and Web3, Mask Network empowers users to maintain privacy, control their data, and participate in the decentralized internet without leaving familiar platforms.

Symbiotic raised $29M in a Series A  funding round from Pantera Capital*, Coinbase Ventures, Aave Companies, P2 Ventures (Polygon Ventures), Starkware, Stani Kulechov, Sandeep Nailwal, Anton Bukov, Anurag Arjun, Eric Wall.

Symbiotic is a shared security protocol that provides a flexible, permissionless coordination layer, allowing network builders to control and adapt their own (re)staking implementations. Symbiotic's components include collateral management, staking vaults, operators, resolvers, and network integrations, creating a comprehensive framework for decentralized economic security.

Hyperlane raised undisclosed amount in a Series A  funding round from Hack VC*.

Hyperlane is a permissionless interoperability protocol that allows developers to connect blockchains with customizable security. As the first universal interoperability layer, Hyperlane enables modular messaging between chains, supporting sovereign rollups, app-chains, and Layer 1s. Its modular architecture allows builders to configure the level of trust and validation, facilitating seamless communication across diverse blockchain ecosystems.

Alpaca raised $52M in a Series C  funding round from 850 Management, Derayah Financial, National Investments Company, Portage Ventures, Unbound.

Alpaca is an API platform offering commission-free trading for stocks, options, and cryptocurrencies. It provides a suite of APIs—including Trading API, Broker API, and Market Data API—designed for fintech startups, algorithmic traders, and financial institutions to build and scale trading applications. Alpaca supports over 20 cryptocurrencies across 56 trading pairs, available 24/7, with secure custody solutions and real-time market data. Its infrastructure emphasizes low-latency order processing and scalability, making it suitable for a wide range of trading strategies and applications.

StakeStone raised undisclosed amount in a  funding round from Animoca Ventures.

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.

Tally raised $8M in a Series A  funding round from AppWorks*, Blockchain Capital*, BitGo.

Tally is a comprehensive onchain governance platform designed to empower decentralized autonomous organizations (DAOs) and tokenized communities. It offers tools for launching tokens, managing governance proposals, and implementing staking mechanisms across EVM-compatible chains. With features like customizable token distribution, delegate management, and autonomous proposal execution, Tally facilitates transparent and efficient protocol governance. The platform supports major DAOs, including Uniswap, Arbitrum, and ZKsync, by providing robust infrastructure for community-driven decision-making.

Analog raised $15M in a  funding round from Bolts Capital.

Analog is a sovereign blockchain built on Delegated Proof-of-Stake (DPoS) consensus algorithm, with the Timechain as its core—a robust and immutable ledger that enables seamless dApp communication and data exchange in a decentralized manner. Analog's approach and omnichain structure allow it to interact with multiple networks, making it versatile for various cross-chain applications and providing fast, accurate, and provable data for DApps development in the Web3 ecosystem.

Arch Network raised $13M in a Series A  funding round from Pantera Capital*, Multicoin Capital.

Arch Network is the Bitcoin-native application platform, bridging Bitcoin's sovereignty principles with full programmability and execution capabilities. By leveraging Solana's efficiency and Bitcoin's liquidity and security, Arch enables developers to build decentralized applications (dApps) directly on Bitcoin's native chain, unlocking new possibilities while upholding core principles of decentralization and security. Joining Arch's vibrant developer community offers access to innovative contract standards and the opportunity to shape the future of blockchain innovation on Bitcoin's Layer 1 through incentivized test nets and collaborative development efforts.

NitroDome raised undisclosed amount in a  funding round from LGCY Network.

NitroDome is an AI-powered Web3 gaming platform that bridges traditional (Web2) and blockchain (Web3) gaming experiences. It enables game developers to integrate blockchain features—such as asset tokenization and decentralized trading—without altering existing gameplay mechanics. Players can convert in-game assets into NFTs, granting true ownership and the ability to trade these assets on NitroDome’s decentralized exchange (DEX). The platform’s AI tools analyze market data and user behavior to forecast trends and provide actionable insights, enhancing user engagement and optimizing trading strategies. NitroDome’s ecosystem includes components like NitroPortal, NitroMarket, NitroDEX, and NitroAMM, facilitating seamless asset management and trading. The native $NTD token underpins the platform’s economy, supporting transactions, governance, and staking.

Solv Protocol raised undisclosed amount in a  funding round from UFLY Labs.

Solv Protocol is a decentralized platform bridging liquidity across DeFi, CeFi, and TradFi, offering diverse asset classes and yield opportunities in a secure and transparent manner. It enables global institutions and retail investors to access trusted crypto investments through a trustless fund infrastructure powered by ERC-3525.

Kado raised undisclosed amount in a M&A  funding round from Swapped com.

Kado is a Web3 payments infrastructure and fiat on-ramp platform facilitating seamless onboarding into the crypto ecosystem. It enables users to instantly buy and sell cryptocurrencies like ETH, USDC, and USDT using various payment methods, including credit/debit cards, bank transfers, Apple Pay, Google Pay, SEPA, and PIX. Kado supports multiple blockchains, including Ethereum, and integrates with wallets like MetaMask for direct fund transfers. The platform emphasizes user-friendly design, low transaction fees, and global accessibility, aiming to make digital finance accessible to both beginners and experienced users.

Upexi raised $100M in a  funding round from GSR Markets LTD*, Big Brain Holdings, Anagram, Delphi Ventures, White Star Capital, Maelstrom, Hivemind, Borderless Capital, Morgan Creek Capital, Elune Capital, Delta Blockchain Fund, Austin Federa, Joey Krug.

Upexi is a diversified consumer brand owner and eCommerce operator focused on acquiring and scaling Amazon-based businesses. Specializing in health, wellness, pet care, and nutraceuticals, it integrates consumer data and proprietary ad tech to reduce customer acquisition costs. Upexi has entered the cryptocurrency space by building a Solana-based treasury and expanding into Bitcoin mining through subsidiaries like ChainbitMiner and Quantum Hash, aiming to generate passive income and asset growth.

* fund, that lead investment round