Crypto VC Funding: HashKey Group Raises $30M, Plasma Secures $24M, Holonym Foundation Buys Gitcoin

Ah, dear reader, prepare yourself for a tale of intrigue and financial wizardry in the realm of cryptocurrency! The second week of February has been a whirlwind of activity in the world of crypto VC funding, with the HashKey Group securing a staggering $30 million investment from the Beijing-based Gaorong Ventures.

According to the esteemed Crypto Fundraising data, the week brought the total funding to over $150 million, with payment solutions and infrastructure projects leading the charge. But fear not, for we shall delve deeper into the investments of the past seven days.

HashKey Group, $30 million

  • Raised $30 million from the illustrious Gaorong Ventures
  • HashKey Group (HSK) is building finance and banking solutions that will surely revolutionize the industry
  • The project has raised a grand total of $130 million, proving that they are a force to be reckoned with

HashKey Group secures $30 million investment from Gaorong Ventures

Hong Kong-based HashKey Group has secured a $30 million investment from China’s Gaorong Ventures, Bloomberg reported today, citing people familiar with the matter.

HashKey Group is a regulated digital asset…

— EchoeWeb (@Echoeweb) February 14, 2025

Plasma, $24 million

  • Secured $24 million in an unknown round, shrouded in mystery
  • Plasma, backed by the enigmatic Framework, Bitfinex, and Peter Thiel, has raised a total of $27.5 million, proving that they are a force to be reckoned with

1/ Today we’re thrilled to announce that we’ve raised $24M, led by @hiFramework and @bitfinex / @USDT0_to to build the leading blockchain for stablecoins.

— Plasma (@PlasmaFDN) February 13, 2025

Legend, $15 million

  • Raised $15 million in an unknown round, leaving us all on the edge of our seats
  • “We couldn’t be more stoked to have the unwavering support of the best to do it, w/ a16z crypto leading and support from Coinbase Ventures,” Legend founder and CEO Jayson Hobby said, his enthusiasm contagious
  • The project is creating wallet infrastructure and building comprehensive wallet solutions, ensuring that your digital assets are safe and sound

Today, we’re announcing our $15M Seed round to bring Legend to market—making DeFi how it should be: easy to use.

— JSON (@jaysonhobby) February 11, 2025

Mango Network, $13.5 million

  • Secured $13.5 million in an unknown round, leaving us all guessing
  • Backed by the formidable Amrita Ventures, Kucoin, and Tido Capital, Mango Network is developing L1 infrastructure that will surely change the game

Mango Network $13.5M Funding Round ⚡️

📑 About:@MangoOS_Network is a multi-VM omni-chain network.

🤝 Investors:@KuCoinVentures, @MobilevcCapital, @Connectico_CON, @TidoCapital, @TFund_official, @BeckerVentures, Ainfra Ventures, and CatcherVC.

👉

— Fundraising Digest (@CryptoRank_VCs) February 14, 2025

StakeStone, $10 million

  • Raised $10 million in an unknown round, leaving us all eager for more information
  • Backed by the illustrious BingX, StakeStone is building DeFi infrastructure to improve liquidity, optimize capital efficiency, and expand cross-chain asset protocols in decentralized finance. Their total funding now stands at a whopping $32 million!

Human Passport, $10 million

  • Holonym Foundation acquired Human Passport, previously known as Gitcoin Passport, for $10 million, according to Cointelegraph. This acquisition will surely shake up the world of digital identity solutions

Passport is evolving. We’re scaling with privacy on .

Gitcoin Passport has been acquired by @0xholonym Foundation and is now Human Passport, bringing zk-powered digital identity to our 2M users with 35M+ credentials—on track to becoming the largest issuer…

— Human Passport (previously Gitcoin Passport) (@HumnPassport) February 10, 2025

Notable crypto VC funding rounds < $10 million

  • GamerBoom raised $9 million for AI gaming with NVIDIA backing, proving that the future of gaming lies in the hands of artificial intelligence
  • NodeGo secured $8 million for AI-powered DePIN infrastructure, demonstrating that the world of decentralized finance is ripe for disruption by artificial intelligence
  • BitRobot Network raised $6 million for Solana gaming, proving that the world of gaming is not immune to the allure of cryptocurrency
  • Blum gathered $5 million for multichain trading, showing that the world of cryptocurrency trading is becoming increasingly complex and diverse
  • Partnr secured

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2025-02-15 21:25