Crypto VC Funding Sees Strong Activity in Second Week of February

The second week of February witnessed significant activity in crypto VC funding, with several notable investments in various sectors. According to recent data, the total funding for the week exceeded $150 million, with payment solutions and infrastructure projects leading the charge.

Key Investments of the Week

HashKey Group secured a significant investment of $30 million from Beijing-based Gaorong Ventures, bringing its total funding to $130 million. The company is focused on building finance and banking solutions, leveraging its regulated digital asset platform.

Plasma, a blockchain project backed by Framework, Bitfinex, and Peter Thiel, raised $24 million in an unknown round, bringing its total funding to $27.5 million. The project is focused on building a leading blockchain for stablecoins.

Legend, a wallet infrastructure project, raised $15 million in an unknown round, led by a16z crypto and supported by Coinbase Ventures. The company aims to make DeFi more user-friendly and accessible.

Mango Network, a multi-VM omni-chain network, secured $13.5 million in an unknown round, backed by Amrita Ventures, Kucoin, and Tido Capital. The project is focused on developing L1 infrastructure.

StakeStone, a DeFi infrastructure project, raised $10 million in an unknown round, backed by BingX. The company aims to improve liquidity, optimize capital efficiency, and expand cross-chain asset protocols in decentralized finance.

Human Passport, a digital identity project, was acquired by Holonym Foundation for $10 million. The project focuses on building identity solutions, leveraging zero-knowledge proof technology.

Notable Crypto VC Funding Rounds Under $10 Million

Several other notable investments were made in the crypto space, including:

  • GamerBoom raised $9 million for AI gaming with NVIDIA backing
  • NodeGo secured $8 million for AI-powered DePIN infrastructure
  • BitRobot Network raised $6 million for Solana gaming
  • Blum gathered $5 million for multichain trading
  • Partnr secured $4 million for AI gaming communication
  • WalletConnect raised $4 million through public sale with $200 million FDV
  • Drosera gathered $3.25 million for Ethereum security
  • Cabal, Teneo, and InfiniFi each secured $3 million
  • Fireverse raised $2.5 million for AI music
  • BitRobot Network and DeFi App each gathered $2 million
  • Whetstone Research secured $1.3 million for DeFi research
  • Hivello raised $900K and $100,000 in separate public sales with $45 million FDV

These investments demonstrate the growing interest in various sectors of the crypto space, including payment solutions, infrastructure, and DeFi. As the crypto market continues to evolve, it’s essential to stay informed about the latest developments and trends.

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