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The crypto funding market witnessed a total investment of $73.2 million during the week of May 11-17, 2025. This period saw a wide range of funding activities across various blockchain ecosystems and verticals, with a primary focus on DeFi, gaming, and ecosystem-specific projects.

The largest transaction of the week was Gnosis HQ’s $14.95 million M&A deal. Below is a detailed breakdown of the projects that secured funding during this period:

Gnosis Acquires HQ.xyz

German Web3 infrastructure company Gnosis finalized the acquisition of Singapore-based on-chain business account platform HQ.xyz in a strategic deal worth up to $14.95 million. This transaction includes an initial investment of $8.95 million from the GnosisDAO treasury, approved by the community earlier this year. Additionally, Gnosis has committed $6 million in working capital to support HQ.xyz’s growth and expansion.

Perpl Secures $8.25 Million

Perpl, a startup specializing in advanced market-making and EVM engineering, raised $8.25 million in an undisclosed funding round. Leading investors in this round included Dragonfly, Erzonia, and Brevan Howard. The company aims to leverage its decades of expertise to enhance trading efficiencies in the crypto space.

KYD Labs Raises $7.1 Million

KYD Labs, a Web3 company focused on building a factoring protocol for venues and loyalty rewards for fans, secured $7.1 million in a Seed round. The round was led by CSX, Finality Capital Partners, and Ambush. KYD Labs has already onboarded major venues and driven over $4 million in ticket sales within the past year.

Turtle Club Obtains $6.2 Million

Turtle Club successfully raised $6.2 million in a Seed round. Investors such as Delphi Digital, SIG, and Consensys backed the funding, highlighting growing interest in innovative blockchain-based solutions within the investment community.

XP Raises $6.2 Million for Ticketing Innovation

XP, a blockchain-based ticketing platform, also raised $6.2 million in a Seed round. The funding was led by BlockChange, Neon, and Reflexive. The platform aims to revolutionize the ticketing industry by prioritizing fan experiences and creating more fulfilling live events.

Additional Projects Under $6 Million

Several other projects secured notable funding during the week:

  • Nirvana Labs: $6 million in a Seed round
  • TrendX: $5.2 million in an undisclosed round
  • XSY (Unity): $5 million in a Series A investment
  • DoubleUp: $4 million with a $40 million fully diluted valuation
  • Vinanz: $4 million in an undisclosed round
  • Giza: $2.2 million in an undisclosed round focused on AI, Ethereum, and infrastructure, with 15+ new investors
  • N1 (formerly Layer N): $2 million in a public sale
  • Puffverse: $700,000 public sale with a $70 million fully diluted valuation

The continued influx of investments into the crypto and blockchain sectors underscores the industry’s growth potential, particularly in areas like DeFi, gaming, and infrastructure development. Stay tuned for more updates on the latest in crypto funding and innovations.

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