Crypto VC Funding: $185M to 22 Projects, Fueling AI & DeFi

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By Marcus Davenport

Venture capital inflows into the cryptocurrency sector showed robust activity last week, signaling sustained investor confidence in key technological frontiers. Strategic investments continue to coalesce around projects advancing core blockchain infrastructure, artificial intelligence integration, and decentralized finance (DeFi) solutions, reflecting a maturing yet dynamic digital asset ecosystem.

According to data compiled by Messari’s newly launched fundraising dashboard, a total of 22 crypto projects collectively secured $185 million in funding. This notable figure underscores a persistent appetite among investors for foundational innovations that can enhance scalability, utility, and institutional adoption within the broader Web3 landscape.

Etherealize led the capital raise, successfully attracting $40 million. This substantial round is earmarked for the development of an institutional marketing division and a suite of products specifically tailored for the Ethereum ecosystem. Prominent backers, including Paradigm and Electric Capital, signify a growing institutional trust in Ethereum-centric innovations. Other significant rounds included Utila securing $22 million with support from Red Dot Capital Partners, DCG, and FunFair Ventures, and Kite AI garnering $18 million from General Catalyst, PayPal Ventures, and Animoca Brands, underscoring the increasing synergy between AI and blockchain technologies.

Additional notable deals included Aria’s $15 million raise, backed by Polychain Capital and Neoclassic Capital, and Obita’s $10 million financing from Mirana Ventures, Vision Plus Capital, and HashKey Capital. This consistent influx of capital, even amidst market volatility, suggests venture funding is actively seeking projects poised for long-term impact in AI, Ethereum scalability, and the evolution of decentralized finance, positioning blockchain startups for significant momentum as they approach the final quarter of 2025.

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