Crypto Venture Funding Soars to $10B in Q2 2025, Signaling Market Revival

Q2 2025 Marks a Turning Point for Crypto Fundraising

The crypto industry experienced a major resurgence in venture capital activity during the second quarter of 2025, with total fundraising reaching $10.03 billion, according to fresh data from CryptoRank. This marks the strongest quarter since Q1 2022, when $16.64 billion was raised.

The standout month was June, which alone accounted for $5.14 billion, the highest monthly total since January 2022. This significant uptick follows months of subdued investment, hinting at a renewed investor appetite for blockchain innovation and digital assets.

Major Fundraisers: Strive, TwentyOneCapital, and Securitize Lead the Pack

Several high-profile raises helped fuel this quarterly surge:

• Strive Funds, led by entrepreneur and political figure Vivek Ramaswamy, secured $750 million in May to support alpha-generating strategies linked to Bitcoin and related assets.

• TwentyOneCapital followed with a $585 million raise in April.

• Securitize closed $400 million, making it the third-largest deal of the quarter.

Other noteworthy fundraisers included:

• Kalshi – $185 million

• Auradine – $153 million

• ZenMEV – $140 million

• Digital Asset – $135 million

Source: CryptoRank

Related: Crypto Venture Capital Deals Decline in 2024, But Investment Value Rebounds in Q4

Coinbase Ventures Tops Investor Activity in Q2

Coinbase Ventures emerged as the most active crypto investor in Q2 2025, closing 25 deals between April and June. Other top investors included:

• Animoca Brands

• Andreessen Horowitz (a16z)

• Pantera Capital

• Paradigm (noted for the highest number of lead investments)

In June, Coinbase Ventures again led with 10 new investments, followed by:

• Pantera Capital – 8 deals

• Galaxy – 5 deals

• Paradigm – 4 lead deals

Sectors Gaining Investor Interest

Funding activity in Q2 spanned multiple sectors, with blockchain infrastructure and DeFi leading the charge. Other areas with moderate traction included:

• CeFi (Centralized Finance)

• NFTs

• GameFi

Meanwhile, memecoins saw limited funding despite occasional viral moments.

Deal Stages: Seed Rounds Dominate

Out of 1,673 tracked deals over the past year:

• Seed rounds comprised 19.43% of total activity, underlining strong interest in early-stage innovation.

• Strategic rounds accounted for 14.23%, reflecting long-term bets on ecosystem growth.

• Pre-seed and M&A deals represented 9.26% and 9.44%, respectively.

• Series A rounds made up 6.34%, while incubation deals trailed at 3.35%.

Source: CryptoRank

Related: Today in Crypto: Robinhood Eyes Tokenized Securities, Ethereum Launches Pectra Upgrade, and Democrats Target Trump’s Crypto Ventures

Galaxy Digital and Theta Capital Announce Major New Funds

In June, Galaxy Digital successfully closed its first external venture fund, raising $175 million—surpassing its $150 million goal. The fund will target high-growth verticals such as stablecoins, tokenization, payments, and related infrastructure.

Theta Capital Management, based in Amsterdam, also raised over $175 million in May for its latest fund-of-funds, with a focus on backing early-stage blockchain startups.

Conclusion: Investor Confidence Returns to Crypto

Q2 2025’s $10B in venture activity marks a pivotal comeback for the crypto sector after a prolonged period of investment stagnation. With rising interest in infrastructure, DeFi, and innovative use cases, both startups and established players are seeing renewed confidence from investors.

If this momentum continues, H2 2025 could solidify the beginning of a new growth cycle for the digital asset ecosystem.