Crypto VC funding: Blockaid secures $50m, Cygnus raises $20m

February 22, 2025 KTNBio Politics 0

Crypto VC funding: Blockaid secures $50m, Cygnus raises $20m

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The third week of February saw major investments in security and infrastructure, with Blockaid leading the way with a $50 million Series B round.

The week’s funding totaled over $150 million, with security, DeFi, and infrastructure projects leading the funding as per Crypto Fundraising data.

Blockaid, $50 million

  • Raised $50 million in Series B funding
  • The project is backed by Ribbit Capital, Google Ventures and Variant
  • Blockaid has raised a total of $83 million so far

Kinto, $20 million

  • Kinto has secured $20 million in an unknown round
  • Backed by Brevan Howard
  • Kinto has raised a total of $25 million

Cygnus, $20 million

  • Raised $20 million in pre-seed funding
  • Cygnus is backed by Manifold, OKX Ventures, and Mirana
  • The project is creating DeFi and stablecoin solutions

Altius, $11 million

  • Altius secured $11 million in pre-seed funding
  • The project is backed by Founders Fund, Pantera, and Archetype

Universal Protocol, $9 million

  • Universal Protocol raised $9 million in an unknown round
  • Backed by a16z crypto, Coinbase Ventures, and Four Cities Capital

Fluent Labs, $8 million

  • Fluent Labs secured $8 million in seed funding
  • Backed by Polychain Capital, Primitive, and M41 Ventures
  • The project is creating L2 infrastructure

Mansa, $7 million

  • Mansa raised $7 million in an unknown round
  • The project is developing DeFi payment solutions
  • Mansa has raised $10 million in February

Primus Labs, $6.50 million

  • Primus Labs raised $6.50 million in seed funding
  • Backed by Dispersion Capital, Symbolic Capital, and VanEck

Notable crypto VC funding rounds < $5 million

  • Yield Basis raised $5 million with $50 million FDV for AMM and yield tools
  • Acre secured $4 million with $90 million FDV for Bitcoin DeFi
  • WalletConnect gathered $4 million through public sale with a $200 million FDV
  • Mansa raised $3 million in pre-seed funding
  • Maestro secured $3 million in seed funding
  • AMMO raised $2.5 million for AI infrastructure
  • Infinity Ground, Fomo, and ResearchHub each gathered $2 million
  • Nil Foundation and Mu Digital each secured $600,000 through public sales
  • Form Network raised $306,500 with $306.5 million FDV
  • Forkast secured $100,000 with $0.04 FDV
  • RICH raised $50,000 for data privacy solutions



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