Last week, there were 17 public financing events in the crypto market, with a total financing of approximately US$145 million | Investment and Financing Weekly
Reprinted from chaincatcher
02/24/2025·2MCompiled by: Luan Peng, RootData
According to incomplete statistics from RootData, from February 17 to February 23, 2025, there were 17 public investment and financing events in the blockchain and crypto industries, with a total financing of approximately US$145 million.
From the perspective of track distribution, the projects that have received financing are mainly distributed in infrastructure and Defi track. Popular projects include the stablecoin company AI native entertainment application chain Infinity Ground , Bitcoin staking platform Acre , privacy computing protocol Primus , and cross-chain asset packaging protocol Universal .
In addition, crypto security platform Blockaid recently completed a $50 million Series B financing led by Ribbit Capital, with GV (formerly Google Ventures) and existing investors Variant and Cyberstarts.
List of projects that raised more than $5 million last week, data source: Rootdata )
1. Infrastructure
Infinity Ground, an AI native entertainment application chain, announced the completion of a $2 million seed round, with investors including Animoca Brands, MARBLEX, MH Ventures, Frachtis, KuCoin Ventures, KnightFury, PAKA and Presto. This protocol enables developers to develop Agent applications on Base, BNB Chain, and Kaia using custom agent IDEs and IDKs based on Initia Stack.
According to RootData, Infinity Ground is a pioneering AI native entertainment application chain built on SVM. It not only creates its own AI games and interactive narratives, but also provides developers with advanced tools to simplify the creation of AI-driven casual games. By fostering a unified and rich AI-native gaming ecosystem, Infinity Ground is reshaping the landscape of digital entertainment.
According to official news, privacy computing protocol Primus announced the completion of a $6.5 million seed front and seed round financing. This round of financing was led by Dispersion VC, Symbolic VC and VanEck, and participated by Samsung Next, Alchemy, Maelstrom Fund, Welara, BB Fund, Modular Capital, Karatage, Initial Ventures and other institutions.
Primus is a protocol that securely performs computing on untrusted networks without exposing sensitive data through multi-party computing Transport Layer Security (MPC-TLS) and zero-knowledge TLS (zkTLS) protocols.
According to The Block, hybrid execution network developer Fluent Labs completed a $8 million financing round. This round of financing was led by Polychain Capital, led by Primitive, dao5, Symbolic Capital, Builder Capital, Nomad Capital and Public Works, as well as angel investors Balaji, Dingaling, etc. Participate in. $8 million is all the funds raised by Fluent Labs so far, but the company declined to disclose its valuation.
Fluent is the first hybrid execution network, an Ethereum L2, which mixes Wasm, EVM, and SVM applications into a unified execution environment. Hybrid execution allows programs written for different VMs to work together in a unified execution environment.
Bitcoin DeFi project Maestro completes a $3 million seed round
According to Globenewswire, Bitcoin DeFi project Maestro announced a $3 million seed round of financing, led by Wave Digital Assets and Draper Associates, and UTXO Management, Bitcoin Frontier Fund, Draper Dragon and Necto Labs participated.
According to reports, Maestro is an enterprise-level infrastructure provider customized for Bitcoin DeFi and has launched UTXO-based infrastructure services to simplify the complex process of building Bitcoin native financial applications. Maestro provides APIs, developer tools, and innovative solutions such as memory pool meta protocol indexing to enable real-time on-chain insights.
The modular real income layer and Instagram application chain Cygnus completed a US$20 million Pre-Seed round of financing, with Manifold Trading, OKX Ventures, Mirana Ventures, Optimism Foundation Retro Funding and others participating in the investment. The financing will allow Cygnus to expand its product range and strengthen its influence in key markets, pushing the crypto industry into the era of super applications.
Cygnus is committed to building a modular real-earnings layer with the goal of making it easy for any blockchain to customize its own restaken network and achieve shared security. Assets from both on-chain and off-chain can be deposited into Cygnus LVS to become liquidity validation to promote seamless coordination and economic security.
Cygnus aims to build a transparent and decentralized economic network in emerging ecosystems and build sustainable models that drive real-world utility and support large-scale adoption.
Crypto startup Altius Labs completes $11 million Pre-Seed round, led by Founders Fund and Pantera
According to Bloomberg, crypto startup Altius Labs completed a $11 million Pre-Seed round, led by Founders Fund and Pantera, with Archetype, Reforge, DCG, No Limit Holdings and Amber Group, as well as Berachain, Movement, Ethena Labs, Angel investors from projects such as Ritual, dao5, Solana Foundation and Hudson River Trading participated.
Altius Labs is formed by Anit Chakraborty, a software engineer at Hudson River Trading, and Annabelle Huang, a former managing partner at Amber Group. Altius is building a modular VM-independent execution stack separated from a single binary implementation and network design, enabling seamless integration with any L1, L2 and application chains to immediately improve performance and enhance interoperability.
2. Defi
According to The Block, Bitcoin staking platform Acre completed a strategic financing of US$4 million, with Draper Dragon, Big Brain Holdings and Orange DAO participating in the investment.
Laura Wallendal, co-founder and CEO of Acre, said the round was conducted in the form of a simple future equity agreement and token subscription rights, and Wallendal said the $90 million valuation represents the completeness of the ACRE token that has not yet been launched. Dilute valuation.
Acre is a subsidiary of Thesis, a startup studio focused on Bitcoin, and supports projects including tBTC, Fold and Mezo Network. Acre enables users to deposit their holdings of Bitcoins to earn more or “compound” their Bitcoins. It achieves this through various methods, including deposit rewards. Acre’s first vault partner was Mezo, a Bitcoin company.
Mansa, a stablecoin liquidity provider, completed a $10 million seed round, led by Tether
According to TechCrunch, stablecoin liquidity provider Mansa announced a $10 million seed round of financing, led by Tether. This round of financing includes equity and debt financing. Tether contributed $3 million in equity financing, and the new funds will support the company to The expansion of Latin America and Southeast Asia, where liquidity challenges in these regions also limit cross-border transactions.
Cross-chain asset agreement Universal completed a US$9 million financing, led by a16z
Cross-chain asset packaging agreement Universal completed a US$9 million financing led by a16z.
This round of financing will be used to expand the business scale. In addition to continuing to distribute new assets through other DApps, it will also strengthen the construction of front-end user experience. The long-term goal of the Universal team is to make its packaging asset services as popular as WBTC (Packed Bitcoin).
Bitcoin DeFi project Maestro completes a $3 million seed round
According to Globenewswire, Bitcoin DeFi project Maestro announced a $3 million seed round of financing, led by Wave Digital Assets and Draper Associates, and UTXO Management, Bitcoin Frontier Fund, Draper Dragon and Necto Labs participated.
According to reports, Maestro is an enterprise-level infrastructure provider customized for Bitcoin DeFi and has launched UTXO-based infrastructure services to simplify the complex process of building Bitcoin native financial applications. Maestro provides APIs, developer tools, and innovative solutions such as memory pool meta protocol indexing to enable real-time on-chain insights.
Curve founder launches new project Yield Basis and raises $5 million at a valuation of $50 million
Curve Finance founder Michael Egorov launches new project Yield Basis and raises $5 million at a valuation of $50 million, which aims to help tokenized Bitcoin and Ethereum holders create from the market by mitigating impermanence losses Earn profits.
fomo announced the completion of a $2 million Pre-Seed round, including participation from more than 100 angel investors including Solana co-founder Raj Gokal.
III. DeSci
DeSci project ResearchHub receives $2 million investment from Boost VC
According to official news, ResearchHub has received $2 million in investment from Boost VC.
It is reported that BoostVC is deepening its commitment to ResearchHub’s mission to accelerate scientific research. The funding will further strengthen ResearchHub’s Desci efforts to make research more open, transparent and collaborative.
4. Tools
Gate.io has completed its strategic investment in on-chain trading platform DEXX
Gate.io announced that it has completed its strategic investment in on-chain trading platform DEXX. This strategic investment funds will be used to support DEXX's restart plan, help platform business recover in an orderly manner and achieve long-term and stable development in the future.
Previously, on November 16, 2024 , the DEXX platform suffered a heavy blow due to a hacking incident.
V. Others
Blockaid completes a $50 million Series B financing round, led by Ribbit Capital
According to Bloomberg, crypto security platform Blockaid recently completed a $50 million Series B financing led by Ribbit Capital, with GV (formerly Google Ventures) and existing investors Variant and Cyberstarts. The financing will help Blockaid deal with the growing risk of cybercrime in the digital asset space.
In 2024, Blockaid successfully intercepted 71 million potential attacks, avoiding $5.3 billion in losses. The company expects cyber attacks to surge to “hundreds of millions” in 2025 as users grow and token prices rise. Blockaid plans to use the funds to expand operations and increase R&D investment, and is expected to double its staff this year. Ido Ben-Natan, the company said the company is currently facing the challenge of understaffing due to a surge in demand due to a changing regulatory environment in the United States.
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