The second week of February showed strong activity in crypto VC funding as HashKey Group secured $30 million with a $1.50 billion valuation.
According to Crypto Fundraising data, the week brought total funding to over $150 million, with payment solutions and infrastructure projects leading.
The funding pattern showed rising interest in stablecoin development and L1 infrastructure. Let’s dive deeper into the investments from the last seven days.
HashKey Group, $30 million
Raised $30 million from Beijing-based Gaorong Ventures
HashKey Group (HSK) is building finance and banking solutions
The project has raised a total of $130 million.
HashKey Group secures $30 million investment from Gaorong Ventures
Hong Kong-based HashKey Group has secured a $30 million investment from China’s Gaorong Ventures, Bloomberg reported today, citing people familiar with the matter.
Plasma — backed by Framework, Bitfinex, and Peter Thiel — has raised a total of $27.5 million
Legend, $15 million
Raised $15 million in an unknown round
“We couldn’t be more stoked to have the unwavering support of the best to do it, w/ a16z crypto leading and support from Coinbase Ventures,” Legend founder and CEO Jayson Hobby said.
The project is creating wallet infrastructure and building comprehensive wallet solutions
Mango Network, $13.5 million
Secured $13.5 million in an unknown round
Backed by Amrita Ventures, Kucoin, and Tido Capital
Mango Network is developing L1 infrastructure
StakeStone, $10 million
Raised $10 million in an unknown round
Backed by BingX, StakeStone is building DeFi infrastructure to improve liquidity, optimize capital efficiency, and expand cross-chain asset protocols in decentralized finance.
The project has raised a total of $32 million so far. Check out our coverage here.
Human Passport, $10 million
Holonym Foundation acquired Human Passport, previously known as Gitcoin Passport, for $10 million, according to Cointelegraph.
The project focuses on building identity solutions
Gitcoin Passport has been acquired by @0xholonym Foundation and is now Human Passport, bringing zk-powered digital identity to our 2M users with 35M+ credentials—on track to becoming the largest issuer… pic.twitter.com/neJz0ky1KT
— Human Passport (previously Gitcoin Passport) (@HumnPassport) February 10, 2025
Notable crypto VC funding rounds
GamerBoom raised $9 million for AI gaming with NVIDIA backing
NodeGo secured $8 million for AI-powered DePIN infrastructure
BitRobot Network raised $6 million for Solana gaming
Blum gathered $5 million for multichain trading
Partnr secured $4 million for AI gaming communication
WalletConnect raised $4 million through public sale with $200 million FDV
Drosera gathered $3.25 million for Ethereum security
Cabal, Teneo, and InfiniFi each secured $3 million
Fireverse raised $2.5 million for AI music
BitRobot Network and DeFi App each gathered $2 million
Whetstone Research secured $1.3 million for DeFi research
Hivello raised $900K and $100,000 in separate public sales with $45 million FDV
