Venture Capital Investments in Cryptocurrency: Camp Network, Miden Each Obtain $25 Million in Funding
Crypto Funding Frenzy: A Week in Review
April 27 to May 3 witnessed a crypto funding frenzy, with a whopping investment of $104.7 million across 15 projects. Here's a lowdown on the week's prominent crypto funds as per Crypto Fundraising data:
Camp Network
- Secured a $25 million Series A round
- Backed by 1kx, Blockchain Capital, and OKX Ventures (as reported by Fortune)
- Raised a total of over $29 million so far
Miden
- Bagged $25 million in a Seed round
- Investors include a16z crypto, Hack VC, and 1kx
Thru (Unto Labs)
- Raised $14.4 million in an unknown round
- Has a fully diluted valuation of $140 million
- Funding backed by Framework and Electric Capital
Dinari
- Gathered $12.7 million in a Series A round
- Investors include Hack VC, BlockChange, and VanEck
- Raised a total of $22.7 million so far
Terminal 3
- Secured $8 million in a Seed round
- Investment backed by Illuminate Financial, Titan Fund, and IDG
Smaller Investments:
- ZAR: raised $7 million in an unknown round
- Fleek: raised $5 million in a public sale with a $75 million fully diluted valuation
- Gata (ex Aggregata): secured $4 million in Seed funding
- ROVR: bagged $2.6 million in a seed investment
- aZen Protocol: $1.2 million secured in a Seed round
- MilkyWay: $300,000 in a public sale with $15 million fully diluted valuation
- B2 Network (Bsquared Network): $300,000 public sale with $15 million fully diluted valuation
When it comes to crypto funding trends, recent data points to an emphasis on infrastructure, privacy, AI, and DeFi-focused solutions:
Current Trends in Crypto Funding:
Infrastructure and Real-World Applications
- Investment Focus: Interest in real-world applications of blockchain and essential infrastructure is on the rise, like cross-chain connectivity platforms such as Wormhole.
Privacy Solutions
- Privacy Coins: Though specific funding data isn't highlighted, privacy-focused cryptocurrencies like Monero (XMR) have been doing well in 2025, showing continued interest in privacy coins.
AI and Blockchain Integration
- AI-Blockchain Integrations: While there's limited specific data on AI-focused crypto funding in the latest reports, strategic and selective investments suggest innovative AI-blockchain integrations could grab attention.
DeFi-Focused Solutions
- DeFi Growth: The DeFi sector continues to grow, with layer 2 (L2) networks like Polygon and Arbitrum experiencing rapid expansion. The DeFi locked value on L2 networks is projected to double to $30 billion by the end of 2025.
- Institutional Interest: The overall crypto market, including DeFi, is expected to reap benefits from regulatory clarity and institutional participation in 2025, potentially leading to increased funding and activity in DeFi-focused projects.
- The weekly crypto funding frenzy saw a significant investment of $104.7 million in 15 projects, with Camp Network securing a $25 million Series A round.
- Infrastructure and real-world applications of blockchain are attracting interest, as evidenced by the cross-chain connectivity platform Wormhole.
- Privacy-focused cryptocurrencies like Monero (XMR) are showing continued interest, though specific funding data isn't highlighted in the latest reports.
- AI-blockchain integrations could become a focus of attention, as strategic and selective investments indicate an innovative future in this field.
- The DeFi sector continues to grow, with layer 2 networks like Polygon and Arbitrum experiencing rapid expansion, and the DeFi locked value on L2 networks projected to double to $30 billion by the end of 2025. Institutional participation in 2025 is expected to bring regulatory clarity and potentially increased funding to DeFi-focused projects.
