Crypto Startups Raise $739.5 Million in June 22-28 Funding Surge

Crypto startups experienced a significant funding surge during the week of June 22–28, 2025, raising a total of $739.5 million across 17 deals. This period marked one of the strongest funding stretches in months, with a notable focus on infrastructure and institutional-grade projects.

Leading the pack was Kalshi, a regulated prediction market exchange, which successfully closed a $185 million Series C round. This round valued the company at $2 billion, reflecting substantial investor confidence in its platform. The funding round was spearheaded by Paradigm, with additional participation from Sequoia, Multicoin, Peng Zhao, Neo, and Bond Capital. Kalshi has now raised a total of $215.15 million to date, underscoring its growing prominence in the crypto space.

Following closely was Bit Digital, a Bitcoin mining company, which secured $150 million in funding. Bit Digital operates across Canada, the U.S., and Iceland, leveraging its strategic locations to enhance its mining capabilities. This significant investment highlights the continued interest in Bitcoin mining despite the volatile nature of the crypto market.

Canton Network, an institutional blockchain platform, also made headlines by collecting $135 million in an undisclosed round. This brings its total funds to $397.2 million. The platform, designed specifically for institutional finance, has attracted investors such as DRW Venture Capital, Tradeweb, and BNP Paribas, indicating a strong institutional backing.

World Liberty Financial, a DeFi firm, gathered $100 million in an unknown round, bringing its total funds to $715 million. The company focuses on the Ethereum ecosystem, lending/borrowing, and yield aggregators, with Aquant participating in the latest investment round.

Zama, a startup operating in the infrastructure and privacy sectors, secured $57 million in a Series B investment. This round valued the company at $1 billion and included investors Pantera and BlockChange. Zama's focus on Fully Homomorphic Encryption (FHE) solutions positions it as a key player in the privacy and security aspects of blockchain technology.

Niural, an AI-native Professional Employment Organization (PEO) and HR platform, nabbed $31 million in a Series A round. The investment was backed by Marathon Digital, M13, and Inspired Capital, highlighting the growing intersection of AI and blockchain technology in the HR sector.

Several other projects also received notable funding, including Veda with $18 million, The Global Token Exchange (GTE) with $15 million, Concrete Protocol (Blueprint Finance) with $9.5 million, Spekter Games with $5 million, dKloud with $3.15 million, Sphinx Protocol with $2 million, Byzantlink with $1 million, and Twyne with $450,000. These investments span various sectors within the crypto ecosystem, from gaming and finance to infrastructure and privacy.

The week's fundraising activities underscore a renewed investor confidence in core blockchain services and institutional-grade products. The significant funding rounds for Kalshi and Bit Digital, in particular, demonstrate the sector's resilience and potential for growth, despite the challenges faced by the crypto market. The focus on infrastructure and institutional projects suggests a strategic shift towards building robust and scalable solutions that can withstand market fluctuations and attract institutional investors. This trend is likely to continue as the crypto industry matures and seeks to integrate more deeply with traditional financial systems.