Crypto VC Funding: Blockaid Secures $50M, Cygnus Raises $20M

Ah, the sweet scent of freshly minted crypto investments! The third week of February was a veritable feast for the eyes, with security and infrastructure projects leading the charge. Let us delve into the juicy details, shall we?

The week’s funding totaled over $150 million, and it seems that security, DeFi, and infrastructure projects were the belle of the ball, 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

Read the full announcement from Blockaid CEO, @idobn

— Blockaid (@blockaid_) February 18, 2025

Kinto, $20 million

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

We are happy to share that @BHDigitalAssets deployed $20m in assets on Kinto, participating in our mining program.

Read more in the press release:

— Kinto (@KintoXYZ) February 17, 2025

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

Introducing Cygnus – a modular real yield layer and the first Web3 Instagram App Layer – onboarding the next billion users.

Cygnus is thrilled to announce the successful completion of a $20 million pre-seed funding round, backed by industry pioneers such as @ManifoldTrading,…

— Cygnus (@CygnusFi) February 19, 2025

Altius, $11 million

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

Altius @AltiusLabs has secured $11 million in a notable funding round led by Founders Fund and Pantera.

The company is developing a parallel VM-agnostic execution framework designed for modular blockchains. Currently,

You can join their Discord community…

— Halo🥷♣️ (@0xHalo_) February 18, 2025

Universal Protocol, $9 million

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

Introducing Universal, uAssets, and our $9M round led by @a16zcrypto.

Universal brings the tokens you want to trade (think SUI, XRP, and DOGE) to the chains you already trade on (think Base and Solana) – and uAssets have already seen $850M+ in volume since going live.

If you do…

— Universal (@universaldotxyz) February 19, 2025

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

Fluent Labs has raised $8M, led by @polychain, to build the first blended execution network.

— Fluent (@fluentxyz) February 19, 2025

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

We are incredibly excited to announce that MANSA has raised $10M, led by @Tether_to and @polymorphiccap , to revolutionize cross-border payments with with stablecoin-based liquidity solutions.

— MANSA (@MANSA_FI) February 20, 2025

Primus Labs, $6.50 million

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

🎉 Primus has successfully raised $6.5M in our Pre-seed + Seed round!
This round was led by @DispersionVC, @symbolicvc and @vaneck_us, and backed by @SamsungNext, @Alchemy, @MaelstromFund, @welaraworld, @theBBFund, @Modular_Capital, @Karatage_, @InitialVentures,…

— Primus Labs (prev. PADO) (@primus_labs) February 20, 2025

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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2025-02-22 19:03