Over July 14–18, 2025, 19 projects raised a total of $202 million, with no newly launched investment funds this week— Messari’s Q2 Fundraising Report provides deeper quarterly context:
Top Rounds KUN ($50 M Series A): Asia‑focused stablecoin payments & embedded finance (Backers: GSR Ventures, BAI Capital, Eternium Global)
Spiko ($22 M Series A): Tokenized money‑market funds managing $400 M AUM (Led by Index Ventures, plus White Star, Blockwall, Bpifrance, Frst)
XMTP ($20 M Series A): Cross‑chain messaging for secure alerts (Led by a16z crypto, USV, Faction; also Coinbase Ventures, Sound Ventures)
Blockskye ($15.8 M Series C): Blockchain for corporate travel (Led by Blockchange, plus Lightspeed, United Airlines Ventures, KSV)
Dakota ($12.5 M Series A): Crypto banking platform for businesses (Led by CoinFund; plus DCG, 6th Man, Triton)
AI Cross Matrix ($12 M Seed): Privacy protocol for untraceable, cross‑chain transfers (Backers: Avalon Wealth, Asva Capital, Genesis, BuzzBridge, M2M)
Function ƒBTC ($10 M Seed): Bitcoin staking, lending & liquidity provisioning (Led by Galaxy Ventures; plus Mantle, Antalpha)
W3 ($7 M Seed): Decentralized compute & off‑chain AI workflows (Led by Blockchange; plus Framework, Arrington)
Football.Fun ($2 M Funding): On‑chain football speculation market (Led by 6th Man; plus Sfermion, Zee Prime, Devmons)
MoneyBadger ($400 K Pre‑Seed): QR‑based crypto payments in South Africa (Backed by P1 Ventures)
M&A Highlights Ondo Finance acquired Strangelove to bolster RWA tooling and interoperability.
Sonnet BioTherapeutics merged with Rorschach I LLC, creating Hyperliquid Strategies (Nasdaq‑listed, $305 M cash + 12.6 M HYPE tokens, $888 M total value)
Talos acquired Coin Metrics for $100 M—uniting institutional trading rails with on‑chain analytics.
dYdX acquired Pocket Protector, integrating its Telegram‑native trading interface into perpetuals product
VC Commentary Hiroki Kotabe (Lemniscap) predicts rollups will split into “high‑throughput” vs. “Ethereum‑aligned” by 2030.
Pranav Garimidi (a16z crypto) argues encrypted mempools alone can’t solve MEV
Tom Dunleavy (Varys Capital) bet $ETH will hit $10,000 by end‑2026, challenging Kyle Samani’s counterview
Quick Recap
Total Deals: 19
Total Funds Raised: $202 M
Acquisitions/Mergers: 4
New Funds Launched: 0
$BTC $BNB
#AltcoinSeasonLoading #GENIUSAct
Source & Credit: Messari, “Crypto Venture Weekly: July 14–18, 2025” by Jake Koch‑Gallup & Alice Hou