In May 2025, 89 projects in the Web3 and blockchain sector attracted investments, of which $757.3 million was received by 68 companies. The editorial team of Incrypted analyzed these rounds in detail.
Among the top 5 projects in May by the amount of funds raised, it is worth highlighting:
$135 million — World (formerly Worldcoin). A digital identity project from OpenAI CEO Sam Altman, built on the basis of privacy protection and proof of human identity, as well as an inclusive financial network, announced investment receipts as part of a private token sale involving Andreessen Horowitz, Mirana Ventures, Selini Capital, Bain Capital Crypto, and Arctic Digital.
$80 million — Meey Group. A technology company specializing in real estate solutions raised funds in a financing round, details of which are not disclosed, with investments from GEM Investments. It offers platforms for searching and sharing information about real estate, such as Meey Map, Meey CRM, and Meey Atlas, as well as applications for visualizing real estate using 3D, AR, and VR technologies.
$57.8 million — BTCS. The company, specializing in blockchain technologies, received funds as part of a round following an initial public offering (post-IPO). The capital obtained from ATW Partners and Charles Allen is intended for the acquisition of Ethereum (ETH) tokens as part of a strategy for digital asset operations and validator nodes.
$41 million — Slash. A financial technology platform that offers banking services, including deposit accounts, corporate cards, and payment processing for businesses, recorded capital inflow in a Series B funding round with investments from Goodwater Capital.
$36 million — Conduit. A stablecoin-based payment platform closed a Series A funding round, which was led by Dragonfly and Altos Ventures with participation from Sound Ventures, Commerce Ventures, DCG, Circle Ventures, and others. The funds will be directed towards expanding presence in new regions and supporting more traditional and digital currencies.
Undisclosed details
In May, some projects attracted funding but did not disclose details. Among them are: Boop.Fun, Tea-Fi, AppLayer Labs, BVNK, Securitize, Redacted, Stablecorp, APX Lending, SpaceComputer, Squads, UXLINK, Taker Protocol, Astar, Impossible Cloud, Bitlayer, SuperSol, Avalon Labs, and Maelstrom Fund.
Artificial Intelligence
In March, investments were made in a number of projects in the AI segment. The editorial team of Incrypted selected the five largest among them.
$1 billion — Grammarly. The team of the company with Ukrainian roots, developing an AI writing assistant that ensures grammar checking, plagiarism detection, and generates text suggestions, reported raising funds. Financing was provided by the venture firm General Catalyst. The capital will be directed towards scaling sales and marketing, as well as for strategic acquisitions, the company stated.
$900 million — Anysphere. The developer of the Cursor solution attracted investments with a valuation of $9 billion. The round was led by Thrive Capital with participation from counterparties such as Andreessen Horowitz (a16z) and Accel. Its terms and intended use of funds are not disclosed.
$365 million — Pathos. A New York-based startup using artificial intelligence technology for drug development raised funds as part of a Series D round. The company's valuation was around $1.6 billion. The capital will be directed towards trials for treating solid tumors. The company did not disclose the identities of the investors providing the funding.
$100 million — Snorkel AI. An AI platform specializing in accelerating data labeling through machine learning announced it has received investments. The Series D round was led by the venture firm Addition. Other participants included Greylock, QBE Ventures, Prosperity7 Ventures, BNY, and Lightspeed Venture Partners. The funds will be directed towards expanding the team and developing new features.