Crypto

Crypto VC funding: Phantom raises $150m, Komainu bags $75m

by Molly Poole January 18, 2025

The crypto VC funding sector touted a $150 million Series C round this past week, bringing total weekly investments to over $700 million.

Payment solutions, wallet infrastructure, and financial services drew the most capital, according to Crypto Fundraising data.

Let’s dive deeper into the key crypto VC funding efforts and which firms were involved.

Helio, $175 million

MoonPay acquired the startup for $175 million.
Helio, the decentralized finance (DeFi) platform, is backed by Pantera Capital; blockchain and gamification innovator Animoca Brands; DAO Maker, a platform for decentralized venture funding; and OKEx Ventures, the investment arm of one of the largest cryptocurrency exchanges.

HUGE NEWS!

Helio is joining forces with @moonpay 🟠🟣

In just 3 years, we’ve built a lot, powered $1.5B+ in transactions and became Solana’s go-to payment processor.

MoonPay’s unmatched position as a bridge between traditional finance and DeFi, combined with their strong… pic.twitter.com/ljIjssrHz2

— Helio (@helio_pay) January 13, 2025

Phantom, $150 million

Raised $150 million in Series C with $3 billion FDV.
Phantom is backed by Sequoia, Paradigm, and a16z crypto.
Building wallet solutions for Solana (SOL) ecosystem.
Phantom has raised $268 million so far.

Alterya, $150 million

Alterya bagged an M&A deal worth $150 million
The firm was acquired by Chainlysis

Komainu, $75 million

Komainu secured $75 million in Series B funding
Blockstream backs the project.
Komainu is developing asset management solutions.

Sygnum, $58 million

Secured $58 million in strategic funding with $1 billion valuation.
Filder Ventures is a backer, helping Sygnum raise $188 million in total.

📣 News: Sygnum Completes USD 58m Strategic Growth Round, Achieves Unicorn Status with 1bn valuation https://t.co/2bZnlcM6TW

Sygnum announces it has raised a total of USD 58 million in its oversubscribed Strategic Growth Round, giving it a post-money valuation of more than 1…

— Sygnum Bank (@sygnumofficial) January 14, 2025

1Money Network, $20 million

Raised $20 million in seed funding
F/Prime Capital, Galaxy, and Hack VC are among 1Money’s investors
1Money Network is building L1 payment infrastructure

Litas, $20 million

Secured $20 million in private funding.
Backed by Rothman Management.
Lita is combining payment and wallet solutions and creating user-friendly financial tools.

Dfns, $16 million

Raised $16 million in Series A funding.
Backed by Further, Wintermute, and others.
The project is focusing on wallet infrastructure.

🎉 Exciting news! 🎉

Today is a pivotal day in our journey to build the most secure and scalable wallet infrastructure for crypto finance.

We’re delighted to announce that @dfnsHQ has successfully raised $16M in our Series A funding round! 🙌

This round was led by @further,… pic.twitter.com/cbR8n0jhAC

— Dfns (@dfnsHQ) January 14, 2025

Reown (ex WalletConnect), $13 million

Gathered $13 million in Series B funding.
Supported by Union Square Ventures, 1kx, and GDA Capital.
Reown is building API solutions for wallets.

Notable crypto VC funding rounds under $10 million

Merit Systems raised $10 million for software development
Synthr secured $10 million in an unknown round
GTE gathered $9.44 million in seed funding
Tapestry raised $5.75 million in Series A
EarnOS secured $5 million in seed funding
Hyve Labs raised $2.75 million in pre-seed funding
Brickken gathered $2.50 million in seed funding with $22.50 million FDV
Reppo secured $2.22 million in an unknown round
BeraTone and DePIN DAO each raised $2 million
Timeswap gathered $2 million through public sale with $20 million FDV
DeFi Agents AI and Mind AI each secured $1.20 million
MilkyWay raised $1 million through public sale
ChainAwareAi secured $50,000 through grants

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