The crypto venture capital space roared back to life this week, recording total investments of $470.75 million between April 20–26, 2025. Several high-profile projects across blockchain, DeFi, AI, and infrastructure sectors closed major funding rounds, signaling renewed confidence in the crypto industry’s growth potential.
Bitdeer Secures $179 Million
Singapore-based Bitdeer Technologies Group led the week’s funding activity by raising $179 million through a mix of loans and equity financing. Backed by Matrixport the digital asset financial services platform founded by Bitdeer Chairman Jihan Wu the funds are expected to bolster Bitdeer’s blockchain and high-performance computing initiatives.
As of April 25, Bitdeer reported holdings of 1,234.4 Bitcoin (BTC), with 39.3 BTC produced and 17.0 BTC sold in recent operations. The funding positions Bitdeer strongly for expansion, particularly as the company explores new opportunities in U.S. mining operations amid easing trade tariffs.
Upexi Raises $100 Million
Upexi, a project focusing on finance, portfolio management, and Solana (SOL) ecosystem development, closed a $100 million private placement. The deal included the sale of 35.97 million shares and 7.89 million pre-funded warrants at $2.28 each.
Led by GSR and supported by prominent investors such as Big Brain Holdings and Delphi Ventures, the capital infusion will allow Upexi to strengthen its Solana treasury, accumulate SOL tokens, and allocate $5.3 million toward working capital and debt reduction.
Other Major Funding Rounds
- Alpaca: The brokerage and financial services platform secured $52 million in a Series C round. Investors include Derayah Financial, 850 Management, National Investments Company (NIC), Unbound, and Portage Ventures. The funds will support Alpaca’s continued global expansion, including in the U.S., Middle East, and Asia.
- Nous Research: Specializing in artificial intelligence, DeFi, and Solana-based infrastructure, Nous Research raised $50 million in a Series A round led by Paradigm, bringing its total funding to $70 million.
- Symbiotic: The Ethereum-based permissionless restaking protocol clinched $29 million in a Series A round led by Pantera Capital. Other notable participants include Coinbase Ventures, Aave, Polygon, and StarkWare. Symbiotic aims to revolutionize how blockchains manage security and economic alignment through universal staking.
- Theo: Theo raised $20 million in an undisclosed round. Backers include Hack VC, Anthos Capital, and Manifold, with the funds geared toward building institutional-grade trading infrastructure accessible to a broader range of investors.
Smaller Funding Rounds
Several emerging projects also raised significant but smaller amounts:
- Analog: $15 million (Unknown round)
- Arch Network: $13 million (Series A)
- Tally: $8 million (Series A)
- MagicBlock: $7.5 million (Seed funding)
- Mask Network: $5 million (Unknown round)
- Inco: $5 million (investment)
- Catalysis: $1.25 million (Pre-seed raise)
- Inflow: $1.1 million (Pre-seed funding)
Outlook: Renewed Optimism in Crypto Innovation
The influx of venture capital highlights growing institutional confidence in the crypto market, even as Bitcoin stabilizes around the $94,000 mark. From high-performance computing and decentralized finance to AI-driven solutions and infrastructure development, this week’s funding rounds underscore the industry’s resilience and diversification.
As regulatory clarity improves and institutional appetite grows, further capital inflows into crypto-native projects could fuel the next phase of industry-wide innovation.
