Crypto Venture Funding Surges to $10B in Q2 2025, Highest Since Early 2022
After a prolonged slump, the crypto investment landscape roared back to life in the second quarter of 2025, with venture capital pouring a staggering $10.03 billion into blockchain and crypto-related startups. The surge marks the strongest fundraising quarter since the first quarter of 2022, when investment volumes peaked at $16.64 billion.
June alone saw $5.14 billion raised — the highest monthly figure since January 2022 — according to data from CryptoRank. The sharp uptick signals renewed confidence in the digital asset sector after a period of cautious optimism and tepid deal flow.
Major Deals Signal Return of Institutional Confidence
Among the standout funding rounds was a $750 million raise by Strive Funds, led by American entrepreneur and former presidential candidate Vivek Ramaswamy. The firm plans to deploy the capital into Bitcoin-based, alpha-generating strategies, positioning itself as a prominent institutional player in the digital asset management space.
Close behind was TwentyOneCapital, which raised $585 million in April, followed by Securitize, which secured $400 million. Other notable raises included Kalshi ($185M), Auradine ($153M), ZenMEV ($140M), and Digital Asset ($135M) — highlighting a diverse range of crypto sub-sectors attracting capital.
Coinbase Ventures Leads the Pack
On the investment side, Coinbase Ventures emerged as the most active firm of the quarter, participating in 25 deals between April and June. In June alone, it was involved in 10 transactions, followed closely by Pantera Capital (8), Galaxy Digital (5), and Paradigm, which led the most funding rounds with four deals.
Veteran crypto investors such as Animoca Brands, Andreessen Horowitz (a16z), Cyber Fund, and GSR also remained highly active, contributing to a broad resurgence in venture capital activity across the ecosystem.
Broad-Based Interest Across Crypto Sectors
Investor enthusiasm was spread across various sectors of the crypto economy. Blockchain infrastructure and DeFi (Decentralized Finance) attracted significant funding, while CeFi (Centralized Finance), NFTs, and GameFi saw more modest but steady interest. Funding into memecoin projects, while occasionally spiking, remained subdued overall.
Deal stages were similarly diversified. Seed-stage funding continued to dominate, accounting for 19.43% of the 1,673 deals tracked over the past year. Strategic rounds followed at 14.23%, emphasizing the importance of long-term ecosystem investments. Pre-seed, M&A, and Series A rounds represented 9–10% each, while incubation deals comprised a smaller share at 3.35%.
New Venture Funds Fuel Momentum
New funds entering the market further boosted activity. In June, Galaxy Digital announced the close of its first external venture fund, raising $175 million — exceeding its initial $150 million target. The fund will target high-growth crypto sectors such as stablecoins, tokenization, and payment infrastructure.
Meanwhile, Theta Capital Management, based in Amsterdam, raised a similar amount for its fund-of-funds strategy focused on early-stage blockchain startups. The parallel rise in new capital formation and startup funding signals a virtuous cycle returning to the crypto space.