Venture capital is making a strong comeback in crypto, with the second quarter of 2025 marking a clear turning point.
After a period of sluggish momentum, investors pumped over $10 billion into crypto-related startups between April and June—the most capital raised in a single quarter since early 2022. More than half of that came in June alone, as fresh optimism swept across the digital asset space.
Among the standout raises, Strive Funds—backed by businessman and political figure Vivek Ramaswamy—secured $750 million for Bitcoin-driven strategies. Other significant rounds included TwentyOneCapital’s $585 million and Securitize’s $400 million, followed by a cluster of smaller but still impressive raises from Kalshi, Auradine, ZenMEV, and Digital Asset.
Coinbase Ventures took the lead in deal activity, closing 25 investments during the quarter and maintaining its pace through June. Pantera Capital, Galaxy Digital, and Paradigm also remained highly active, with a focus on DeFi, blockchain infrastructure, and emerging payment solutions. Although memecoins generated occasional buzz, funding there remained largely quiet.
Early-stage deals continued to dominate the landscape, particularly seed and strategic rounds. Activity was spread across infrastructure, CeFi, NFTs, and GameFi, though deal counts varied. Mergers, acquisitions, and incubation plays made up a smaller but steady portion of the action.
Meanwhile, Galaxy Digital raised $175 million for its first external venture fund—beating its initial target. Its focus: building the backbone for tokenized finance and crypto payments. A similar amount was raised by Amsterdam’s Theta Capital, which plans to back a new wave of blockchain startups through its fund-of-funds model.
In short, crypto venture capital isn’t just back—it’s picking up speed, shifting attention to foundational tech and institutional-grade applications as the next frontier.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/june-breaks-records-as-crypto-startups-attract-billions/