Venture Capital Funding in Cryptocurrency: Camp Network and Miden each secure $25 million in investments.
Crypto Weekly Funding Recap: Big Bucks and Blockchain Development
Welcome, fellow crypto enthusiasts! Let's dive into the crypto funding activity of the week ending May 3, 2025. A whopping $104.7 million was invested across 15 projects, making it a week to remember!
Leading the pack were Camp Network and Miden, scooping up $25 million each. Camp Network, popular for its blockchain-based platform, received backing from 1kx, Blockchain Capital, and OKX Ventures according to Fortune. Miden, on the other hand, secured its $25 million for its zero-knowledge virtual machine development with investors including a16z crypto, Hack VC, and 1kx.
Infrastructure projects dominated this week's funding rounds, with a clear focus on privacy, AI, and DeFi-centric solutions. Here's a roundup of the week's major investments:**
Camp Network:- Raised a mighty $25 million in Series A- Backed by 1kx, Blockchain Capital, and OKX Ventures
Miden:- Secured its $25 million in Seed investment- Investors include a16z crypto, Hack VC, and 1kx
Thru (Unto Labs):- Raised $14.4 million in an unknown round- Has a massive fully diluted valuation of $140 million- Investment backed by Framework and Electric Capital
Dinari:- Raised $12.7 million in Series A- Investors include Hack VC, BlockChange, and VanEck- Has garnered a total of $22.7 million so far
Terminal 3:- Raised $8 million in Seed funding- Investment backed by Illuminate Financial, Titan Fund, and IDG
Under $7 million:- ZAR: Raised $7 million in an unknown round- Fleek: Raised $5 million in a public sale with a $75 million fully diluted valuation- Gata (ex Aggregata): Secured $4 million in Seed funding- ROVR: Bagged $2.6 million in a seed investment- aZen Protocol: $1.2 million secured in a Seed round- MilkyWay: Bagged $300,000 in a public sale with $15 million fully diluted valuation- B2 Network (Bsquared Network): Similarly, secured $300,000 in a public sale with $15 million fully diluted valuation
Intriguing Tidbits:- A staggering $330.7 million Bitcoin heist went down during this period (totally unrelated to funding activities though!)- As usual, market volatility persisted, with Bitcoin and stablecoins being the focal points for institutional strategies
Sources:
- Crypto Fundraising Data
- Fortune
- Bloomberg
- Crypto Fundraising Data - Prior Weeks
- Hackernoon
- Camp Network, with a focus on blockchain technology, raised a significant $25 million in Series A funding, backed by 1kx, Blockchain Capital, and OKX Ventures.
- Miden secured $25 million in Seed investment, boosting its zero-knowledge virtual machine development, with support from investors like a16z crypto, Hack VC, and 1kx.
- Thru (Unto Labs), an infrastructure project, garnered $14.4 million in an unknown funding round, with backing from Framework and Electric Capital.
- Dinari, another infrastructure project, raised $12.7 million in Series A funding, supported by Hack VC, BlockChange, and VanEck.
- Terminal 3 successfully bagged $8 million in Seed funding, with investment from Illuminate Financial, Titan Fund, and IDG.
- Including smaller raises, ZAR collected $7 million in an unknown round, Fleek fetched $5 million in a public sale with a $75 million fully diluted valuation, Gata secured $4 million in Seed funding, ROVR bagged $2.6 million in a seed investment, aZen Protocol acquired $1.2 million in a Seed round, and MilkyWay gained $300,000 in a public sale with a $15 million fully diluted valuation.
- B2 Network (Bsquared Network) also managed to secure $300,000 in a public sale with a $15 million fully diluted valuation.
- During this period, cryptocurrency enthusiasts were rocked by a $330.7 million Bitcoin heist, although this event was unrelated to the funding activities. Institutional strategies mainly centered around Bitcoin and stablecoins, reflecting market volatility.
