By the end of February 2025, the cryptocurrency market has seen remarkable developments in venture capital fundraising. In the first week of the month, Figure attracted 200 million dollars for its asset management platform, solidifying its position in this highly competitive industry.
The State of Capital Mobilization in the Cryptocurrency World
According to data from Crypto Fundraising, the total value of funding this week reached nearly 500 million dollars, distributed across various sectors. Among them, the most notable are large investments in decentralized finance (DeFi) infrastructure and asset management solutions. Below are notable investments this week:
Figure – 200 million dollars
Figure successfully raised 200 million dollars through an unspecified funding round, supported by investment firm Sixth Street Partners. This platform focuses on creating asset management solutions combined with banking technology, aimed at enhancing user experience in personal finance management. To date, Figure has raised a total of 1.72 billion dollars.
Ethena Labs – 100 million dollars
Ethena Labs also had a successful week, raising 100 million dollars from private investors. The company received support from major names like Franklin Templeton, Polychain Capital, and Pantera. Notably, in the same week, Ethena Labs received an additional 16 million dollars from MEXC Ventures. Ethena's project focuses on developing DeFi solutions on the Ethereum platform and has attracted over 136.5 million dollars since inception.
Bitwise – 70 million dollars
Bitwise attracted 70 million dollars from an unspecified funding round, with support from Electric Capital, MassMutual Ventures, and MIT Investment Management. This project aims to develop asset management solutions, and to date, Bitwise has raised 87 million dollars.
Raise – 63 million dollars
Raise secured 63 million dollars for its investment strategy, backed by HAUN, Paper, and Selini. This project is developing market-making and payment solutions, contributing to improving the transaction process in the cryptocurrency space.
Aurum – 12 million dollars
Aurum raised 12 million dollars in an unspecified funding round, with an initial FDV of 100 million dollars. This project aims to combine artificial intelligence (AI) with asset management to optimize the investment process.
Orochi Network – 12 million dollars
Orochi Network attracted 12 million dollars in a seed round, with support from Presto, Smape, and Anti Capital. This project focuses on developing non-knowledge-based technology infrastructure for cryptocurrency applications.
Geodnet – 8 million dollars
Geodnet raised 8 million dollars in a strategic funding round, achieving a total of 15 million dollars raised to date. This startup aims to build IoT data service infrastructure, supporting applications and services in the cryptocurrency field.
Smaller Capital Calls in the Cryptocurrency World
In addition to large investments, there are many other smaller projects that have also attracted investment this week, notably:
Mavryk Network: Raised 5.20 million dollars for real assets L1.
Imua: Secured 5 million dollars for AI security on L1.
Shaga: Raised 4 million dollars for Solana games.
Ligero Inc.: Raised 4 million dollars with an FDV of 20 million dollars for privacy security.
Finisterra Labs: Secured 3.75 million dollars for data analytics solutions.
Meebit Company, FanTV, and Byzantine Finance: Each company raised 3 million dollars.
Tenor Labs: Raised 2.50 million dollars for DeFi lending activities.
Memes Lab: Secured 2.30 million dollars for meme TON.
Aegis: Raised 2 million dollars for DeFi stablecoins.
Torch Finance: Successfully raised 1.50 million dollars for TON DEX.
Endless and EthicHub: Each company secured 1 million dollars.
Vortex: Raised 893,000 dollars for DeFi infrastructure.
Morpheus Labs: Secured 430,000 dollars in Series A funding for AI infrastructure.
Cryptocurrency Conclusion
The cryptocurrency world continues to witness strong fundraising activities, reflecting growing interest from investors and financial institutions. Investment funds such as Figure, Ethena Labs, and many other projects are leading efforts to provide innovative solutions, making a mark in the global financial industry. This development not only helps boost the digital economy but also opens up new opportunities for investors and users, quantifying the unlimited potential of blockchain technology and cryptocurrency.
