Startups Raise $739.5 Million Across 17 Funding Rounds
In the week spanning June 22–28, 2025, cryptocurrency startups achieved a remarkable fundraising total of $739.5 million across 17 deals, underscoring a pivotal funding moment for the industry. Projects targeting infrastructure and institutional clients were prominent in these activities.
At the forefront was Kalshi, a regulated prediction market platform, which successfully completed a Series C funding round of $185 million, valuing the company at $2 billion. Following closely, Bitcoin miner Bit Digital raised $150 million. Additionally, the institutional blockchain platform Canton Network and the DeFi entity World Liberty Financial secured $135 million and $100 million, respectively.
This week’s fundraising overview, compiled in partnership with Crypto Fundraising, highlights the resurgence of investor interest in infrastructure, DeFi protocols, and essential blockchain services tailored for institutional use.
Kalshi
- Kalshi successfully finalized a $185 million Series C round, achieving a fully diluted valuation of $2 billion.
- Notable investors included Paradigm, Sequoia, and Multichain Capital.
- To date, Kalshi has raised a total of $215.15 million.
Bit Digital
- Bit Digital raised $150 million in funding.
- The company is focused on Bitcoin mining operations in Canada, the U.S., and Iceland.
Canton Network (Digital Asset)
- Canton Network raised $135 million in its latest funding round, raising its total to $397.2 million.
- Investors in this round included DRW Venture Capital, Tradeweb, and BNP Paribas.
- Canton Network operates as a public Layer-1 blockchain specific to institutional finance.
🧵Canton’s creators, @digitalassetcom, have raised $135M from a powerhouse group, led by @DRWTrading and @Tradeweb, with funding participants:@BNPParibas, @circle, @citsecurities, @The_DTCC, @GoldmanSachs, IMC, @LCVentures,@OptiverGlobal, @Paxos, @polychain, @QCPgroup,… pic.twitter.com/8gYOEUC8Cq
— Canton Network (@CantonNetwork) June 24, 2025
World Liberty Financial
- World Liberty Financial secured $100 million in its most recent funding, increasing its total to $715 million.
- The WLFI token emphasizes DeFi, the Ethereum Ecosystem, lending and borrowing, and yield aggregators.
- Aquant participated as an investor in this round.
Zama
- Zama has raised a total of $130 million, including a recent $57 million Series B investment.
- The startup enjoys a fully diluted valuation of $1 billion.
- This funding round saw participation from investors like Pantera and BlockChange, focusing on infrastructure and privacy, particularly in Fully Homomorphic Encryption (FHE) solutions.
Niural
- Niural, an AI-powered Professional Employment Organization (PEO) and HR platform, raised $31 million in a Series A round.
- This funding round featured participation from Marathon Digital, M13, and Inspired Capital.
🚀 Thrilled to announce Niural’s $31M Series A led by Marathon Management Partners! We’re redefining global CFO & People Ops with the first AI-native PEO platform. #Niural #AI #Fintech
⚡Niural’s end-to-end global PEO and payments platform is powered by proprietary tax engines… pic.twitter.com/y9Je76kXJ8
— Niural (@niuralHQ) June 25, 2025
Projects < $30 million
- Veda: $18 million in an undisclosed round
- The Global Token Exchange (GTE): $15 million in a Series A round
- Concrete Protocol (Blueprint Finance): $9.5 million in an undisclosed round
- Spekter Games: $5 million in a pre-seed round
- dKloud: $3.15 million in an undisclosed round
- Inference Labs: $3 million in an undisclosed round
- Makina: $3 million in a strategic round
- Sphinx Protocol: $2 million in a pre-seed round
- Byzantlink: $1 million in a private round
- Twyne: $450,000 in a pre-seed round