Crypto VC Funding: DigiFT Leads with $11M, Irys Raises $10M in Week of $63.7M Across 13 Projects

Crypto VC funding for the week of August 17-23, 2025, reached $63.77 million across 13 projects, with DigiFT leading the way with an $11 million strategic round. Irys and Block Earner secured $10 million and $8 million, respectively. Smaller rounds included DecentralGPT, Overtake, LO:TECH, and Legion.

Crypto venture capital (VC) funding for the week of August 17-23, 2025, reached $63.77 million across 13 projects, marking a notable decrease from the previous week's $1.5 billion. DigiFT led the way with an $11 million strategic round, followed by Irys and Block Earner, which secured $10 million and $8 million, respectively [2]. Other notable deals included DecentralGPT, Overtake, LO:TECH, and Legion, which raised $7 million, $7 million, $5 million, and $5 million, respectively [2].

DigiFT, a regulated DeFi exchange, raised $11 million in a strategic round led by SBI Holdings, with participation from Polygon, Mirana Ventures, Offchain Labs, and more. Irys, a programmable datachain platform, secured $10 million in a Series A round backed by CoinFund, Hypersphere, and Tykhe Ventures. Block Earner, a web3 fintech platform, raised $8 million in a Series A round with investors including Titan Fund and Haun Ventures [2].

The week also saw several notable deals in digital asset treasuries and mergers and acquisitions (M&A). LM Funding America expanded its Bitcoin treasury strategy with a $23 million allocation, while Amdax plans to launch Amsterdam Bitcoin Treasury Strategy (AMBTS) on the Dutch stock exchange Euronext Amsterdam [3]. Kraken acquired Capitalise.ai, Valantis acquired stakedHYPE, and Kerberus acquired Pocket Universe, signaling continued M&A activity in the crypto space [3].

The funding landscape was also shaped by insights from VC leaders. Jon Charbonneau outlined a framework contrasting fundamentals-driven investing with flows-driven speculation, while Regan Bozman warned founders against launching on unproven L1s, and David Sverdlov & Aiden Slavin clarified misconceptions around blockchain privacy [3].

References:
[1] https://crypto.news/crypto-vc-funding-digift-secures-11m-irys-bags-10m/
[2] https://messari.io/report/crypto-venture-weekly-august-18-22-2025