Last week, there were 18 public financing events in the crypto market, with a total financing of approximately US$935 million | Investment and Financing Weekly
転載元： chaincatcher
04/28/2025·1MCompiled by: Luan Peng, RootData
According to incomplete statistics from RootData, from April 21 to April 27, 2025, there were 18 public investment and financing events in the blockchain and crypto industries, with a total financing of approximately US$935 million.
From the perspective of track distribution, the projects that have received financing are mainly distributed in infrastructure and DeFi tracks. Popular projects include on-chain game engine MagicBlock and full-chain liquidity infrastructure StakeStone , fintech company WineFi , payment gateway Inflow .
In addition, SOL Strategies, the "Solana Edition Micro Strategy" announced that it has reached a US$500 million convertible notes financing agreement with ATW Partners, intending to increase its holdings in SOL.
(The list of projects that raised more than $5 million last week, data source: Rootdata )
1. Infrastructure
Decentralized AI startup Nous Research completes US$50 million Series A funding, led by Paradigm
According to Fortune, decentralized AI startup Nous Research completed a $50 million Series A financing round led by Paradigm, which valued Nous Research at $1 billion.
Nous Research plans to launch a decentralized training system on the Solana blockchain to realize distributed AI model training through blockchain technology. The company has previously received approximately $20 million in seed rounds from organizations including Distributed Global, North Island Ventures and Delphi Digital.
Karan Malhotra, co-founder of Nous Research, said that the company uses blockchain technology mainly for coordination and incentive mechanisms, allowing users to contribute idle computing power to participate in AI model training. The system will first allow users with data center access to participate, and the company is currently considering whether to issue native tokens as rewards.
On-chain game engine MagicBlock completed a seed round of $7.5 million, led by Faction
On-chain game engine MagicBlock announced that it has completed a seed round of $7.5 million. The financing was led by Faction, a subsidiary of Lightspeed, and angel investors such as Maven11, Mechanism Capital, Robot Ventures, Delphi Ventures, Equilibrium, Pivot Global, and Solana co-founder Toly.
Theo has completed a total of US$20 million in financing, led by Hack VC and others
According to Fortune, decentralized trading platform Theo has completed a total of $20 million in financing. The round consists of two parts: a $4.5 million seed round led by quantitative investment firm Manifold Trading in March 2024, and a $15.5 million funding round led by cryptocurrency investment institutions Hack VC and Anthos Capital.
Theo was founded by three former employees from high-frequency trading companies Optiver and IMC Trading. The platform allows ordinary investors to use trading strategies that are usually limited to top high-frequency trading companies.
Web3 confidentiality agreement Inco completed a US$5 million strategic financing, led by a16z crypto CSX, and participated by Coinbase Ventures, 1kx, Orange DAO, South Park Commons and Script Capital .
It is reported that Inco provides a confidentiality layer that seamlessly integrates with existing blockchains, and developers can choose to use this encryption layer to build confidential dapps.
According to Chainwire, Web3 infrastructure startup Catalysis announced a $1.25 million Pre-Seed financing led by Hashed Emergent, with Presto Labs, Spaceship DAO, Funfair Ventures, Cosmostation and Crypto Times participating.
It is reported that this fund will be used to develop the first "security abstraction layer" specially designed for re-staking agreements to unify the economic security of multiple re-staking agreements and simplify the process for developers and node operators to deploy shared security services. The platform has been integrated with restaking agreements such as EigenLayer, Symbiotic and Kernel DAO, and is scheduled to be launched in the public test network in the second quarter of 2025.
Re-staking agreement Symbiotic completed a US$29 million Series A financing, led by Pantera Capital
According to Cointelegraph, Symbiotic completed a US$29 million Series A financing, led by Pantera Capital, with more than 100 institutions including Coinbase Ventures, Aave, Polygon and StarkWare participating.
Financing will be used to launch a "universal pledge framework" for blockchain security coordination layer. This framework allows any combination of cryptocurrencies (including L1/L2 chain assets) to participate in network verification. It has been adopted by 14 networks including Hyperlane, and is expected to be connected to 20 ecological projects.
Blockchain interoperability protocol Analog completes $15 million fundraising through token sales
According to CoinDesk, Analog has raised $15 million through token sales, and digital asset financing company Bolts Capital has completed token purchases, bringing Analog's total support to $36 million. Analog plans to use this fund to develop interoperability tools such as the Omnichain Analog Token Standard (OATS) and the RWA marketplace Firestarter.
According to Chainwire, Bitcoin infrastructure company Arch Labs completed a $13 million Series A financing with a valuation of $200 million. This round of financing was led by Pantera Capital.
Financing funds will be used to accelerate the development and launch of ArchVM virtual machines to enable smart contract capabilities on Bitcoin. ArchVM will bring functions such as programmable multi-signature, cross-program calls, and composability between applications to Bitcoin, enabling decentralized applications and protocols to run natively in the Bitcoin ecosystem. The project has completed more than 50 million transactions on the test network and is scheduled to launch the main network this summer.
Arch Labs has previously received a $7 million financing led by Multicoin Capital, with OKX Ventures, Portal Ventures and other institutions participating.
2. DeFi
StakeStone, a full-chain liquidity infrastructure, has been invested by Animoca Ventures
StakeStone, a full-chain liquidity infrastructure, issued a statement saying that it has received investment from Animoca Ventures. The investment will accelerate StakeStone’s three key areas: the introduction of RWA and IP-enabled assets, refine the infrastructure for the Web3 consumer economy, and develop collaborative vaults and DeFi strategies.
3. CeFi
WineFi completes a £1.5 million seed round led by British wine group Coterie Holdings
According to Crowdfund Insider, London-based fintech company WineFi has announced a £1.5 million (about $2 million) seed round. This round of financing was led by British high-end wine group Coterie Holdings, with SFC Capital, Founders Capital and angel investors jointly invested.
WineFi is reportedly founded by former Fidelity International and JPMorgan asset managers Oliver Thorpe and Callum Woodcock. The platform will work with digital asset provider Lympid to achieve decentralized ownership of high-quality wine assets on the blockchain platform with a minimum investment of £3,000. The financing will be used to enhance analytical tools and expand its wine portfolio services.
4. Social
Mask Network received $5 million investment from DWF Labs
DWF Labs officially stated that it has invested $5 million in Mask Network to accelerate the development of decentralized social infrastructure.
V. Others
"Solana Micro Strategy" SOL Strategies announced that it has reached a $500 million convertible notes financing agreement with ATW Partners, intending to increase its holdings in SOL.
It is reported that this is the largest transaction of similar financing in the Solana ecosystem so far, and SOL Strategies plans to promote the development of institutional pledge platforms.
Payment Gateway Inflow completes a seed round of $1.1 million, and Rockstart and other investments
Payment Gateway Inflow completed a seed round of $1.1 million, with Rockstart, GnosisVC, Alliance, Plug And Play, and Stake Capital participating. Angel investors include Ledger co-founder Nicolas Bacca, Primonial REIM co-founder Stephanie Lacroix, and TEMPUS SHOP founder Tempus.
According to CoinDesk, DAO operating platform Tally completed a $8 million Series A financing round, led by Appworks and Blockchain Capital, and participated by BitGo and other companies. The new funds are used to expand its decentralized autonomous organization (DAO) governance technology.
The Tally protocol mainly supports infrastructure and helps the protocol effectively manage its DAOs, including Arbitrum, Uniswap DAO, ZKsync, Wormhole, Eigenlayer, Obol and Hyperlane.
Bit Deer has raised a total of US$179 million through loans and additional stock issuances
Bit Deer is increasing its financial leverage and fully promotes its Bitcoin ASIC mining machine manufacturing plan.
According to its latest annual report, the company has raised a total of US$179 million through loans and additional stock issuances. The company has signed a loan agreement with Matrixport for up to US$200 million and issued more than 6 million Class A shares early this year, raising US$118.8 million.
According to Blockworks, Web3 payment infrastructure company Kado Software was acquired by Swapped.com. Although the team did not disclose details of the deal terms, the acquisition is reportedly intended to expand the U.S. business of Danish company Swapped.com.
According to Chainwire, crypto market maker GSR announced a $100 million equity private equity investment in Nasdaq-listed Upexi, Inc.
Upexi is a brand owner focusing on consumer product development, manufacturing and distribution. The investment comes after Upexi announced a strategic transformation into a crypto-based financial strategy, aiming to create long-term value-added and profitable for shareholders. Upexi has committed to developing Solana’s financial strategy, which includes Solana’s overweight and pledge.
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