Venture capital appetite for crypto startups is showing signs of resilience despite broader market turbulence. This week, at least 15 firms across different slices of the ecosystem secured fresh funding.
According to Crypto Fundraising data, the last week of May ended with $161.1 million in crypto funding activity. Twenty One, a new Bitcoin treasury company, raised a massive $100 million; Conduit Pay landed $36 million to expand its crypto-native banking services; and Donut, a newcomer focused on wielding artificial intelligence, secured $7 million in a pre-seed round.
The flurry of deals highlights investor conviction in crypto’s long-term potential, even as asset prices wobble. The investment rounds ranged from pre-seed to Series A stages. Here’s a complete breakdown of this week’s crypto funding developments.
Twenty One, $100 million
Raised $100 million in an Unknown round
Twenty One is focused on improving Bitcoin (BTC) adoption
Conduit Pay, $36 million
Conduit Pay secured $36 million in a Series A round
The investment was backed by Dragonfly, Ribbit Capital, and Sound Ventures
Donut Labs, $7 million
Donut raised $7 million in a pre-seed round to build an AI-powered crypto browser.
Donut’s investors include BitKraft, Hack VC, and HongShan
Beam Cash, $7 million
Beam Cash gathered $7 million in an Unknown round
The investment was backed by Castle Island Ventures, Archetype, and Bankless Ventures
The project has raised $14 million so far
Cooking City, $7 million
Cooking City raised $7 million in an Unknown round
Investors include Jump Capital, CMT Digital, and Mirana Ventures
Projects < $5 million
Rumi, $4.7 million in pre-seed funding
Oncade, $4 million in an Unknown round
Naoris Protocol, $3 million strategic investment
Asigna, $3 million in a seed round
Assisterr AI, $2.8 million in an unknown round with $75 million fully diluted valuation
Dexari, $2.3 million in a seed funding round
H100 Group, $2.2 million in an unknown round
BlockSpaces, $2 million backed by Axiom, Sand Harbor Capital
Ducat, $1.5 million in a public sale
EGO, $800,000 in a pre-seed round
