Crypto VC funding: $161m floods startups as token prices sway

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Investors Throw Money at Crypto Startups Like It’s Confetti! 🎉💸

Ah, venture capitalists! Those brave souls who seem to have an insatiable appetite for crypto startups, even when the market is doing its best impression of a rollercoaster ride. This week, at least 15 firms across the crypto ecosystem managed to snag some fresh funding, proving that while the market may be turbulent, the money keeps flowing like a river of optimism (or perhaps just a river of caffeine-fueled enthusiasm).

According to the latest Crypto Fundraising data, the last week of May wrapped up with a staggering \$161.1 million in crypto funding activity. Yes, you read that right—\$161.1 million! Twenty One, a shiny new Bitcoin treasury company, raised a jaw-dropping \$100 million. Meanwhile, Conduit Pay, which sounds like a plumbing service for your finances, secured \$36 million to expand its crypto-native banking services. And let’s not forget Donut, a newcomer with a name that makes you crave pastries, which managed to snag \$7 million in a pre-seed round to build an AI-powered crypto browser. Because who doesn’t want a robot to help them navigate the wild world of cryptocurrency?

This flurry of deals is a testament to the unwavering conviction investors have in crypto’s long-term potential, even as asset prices wobble like a toddler on a sugar high. The investment rounds ranged from pre-seed to Series A stages, which is just a fancy way of saying that some of these companies are still in their diapers. Here’s a complete breakdown of this week’s crypto funding developments, because who doesn’t love a good list?

Twenty One, \$100 million

  • Raised \$100 million in an Unknown round (because who needs transparency, right?)
  • Twenty One is focused on improving Bitcoin (BTC) adoption, one wallet at a time.

Conduit Pay, \$36 million

  • Conduit Pay secured \$36 million in a Series A round (which sounds much more official than it probably is).
  • The investment was backed by Dragonfly, Ribbit Capital, and Sound Ventures—because what’s a funding round without a few cool names?

We’ve raised \$36 million in Series A funding to scale global stablecoin payments – a generational change in how money moves.

The round was co-led by @dragonfly_xyz and @altosvc, with participation from @sound_ventures_, Commerce Ventures, @circle_ventures, @DCGco and existing…

— Conduit (@ConduitPay) May 28, 2025

Donut Labs, \$7 million

  • Donut raised \$7 million in a pre-seed round to build an AI-powered crypto browser. Because why not let a robot do the thinking for you?
  • Donut’s investors include BitKraft, Hack VC, and HongShan—sounds like a recipe for success!

Beam Cash, \$7 million

  • Beam Cash gathered \$7 million in an Unknown round (again with the mystery—are they hiding something?).
  • The investment was backed by Castle Island Ventures, Archetype, and Bankless Ventures—because who needs banks, right?
  • The project has raised \$14 million so far, which is a nice little nest egg.

Cooking City, \$7 million

  • Cooking City raised \$7 million in an Unknown round (seriously, what’s with the secrecy?).
  • Investors include Jump Capital, CMT Digital, and Mirana Ventures—sounds like a party!

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2025-05-31 22:31