Finishing: Luan Peng, RootData
According to incomplete statistics from RootData, from July 21 to July 27, 2025, a total of 20 public investment and financing events occurred in the blockchain and crypto industries, with a cumulative financing of approximately US$506 million.
From the perspective of track distribution, the projects that have received financing are mainly distributed in infrastructure and CeFi tracks. Popular projects include Gaia, a decentralized AI inference platform, Capital B, a French listed company, Delabs Games, a blockchain game developer, and Lightyear, a European investment application.
In addition, South Korean blockchain infrastructure provider DSRV completed an initial Series B funding round of approximately KRW 16 billion (approximately US$11.6 million). This round of investment is participated by major Korean investment institutions such as Intervest and NH-SK Securities, and a second round of financing with the participation of multiple financial institutions is expected at the end of next month.
(List of projects that raised more than $5 million in financing last week, data source: Rootdata)
1. Infrastructure
Decentralized AI data platform D-GN completed a $5 million Pre-Seed round of financing, with participation from droppGroup and others
According to Globenewswire, decentralized AI data platform D-GN (Data Guardians Network) announced the completion of a $5 million Pre-Seed round of financing, with participation from droppGroup, Saudi businessman Hamoud Al-Rumayyan and Hub Culture.
According to reports, D-GN uses blockchain technology for data traceability verification and pays stablecoin rewards to global contributors through USDT, emphasizing the elimination of gray content sources and low-cost data outsourcing.
Domain registrar Freename closed a $6.5 million Series A funding round led by Entrée Capital
According to Finsmes, Zurich-based domain registrar Freename announced the completion of a $6.5 million Series A funding round, led by Entrée Capital with participation from Polymorphic Capital, followed by seed round investors Sparkle Ventures, Blockchain Founders Fund and Golden Record Ventures. Angel investors include Target Global co-founder Mike Lobanov, Rashwan family office, and former Coinbase Custody CEO Aaron Schnarch.
Led by CEO Davide Vicini and COO Mattia Martone, Freename is committed to bridging the traditional internet and blockchain with its proprietary DNS technology, enabling users to create custom top-level domains and monetize second-level domain sales.
According to Web3 asset data platform RootData, Freename is a TLD (top-level domain) and domain registration platform that allows its users to search for and register/create any type of TLD. On Freename, users can build their own Web3 domain ecosystem, earning passive income from royalties.
AI reasoning platform Gaia completed a $20 million seed round and Series A funding, led by Mantle and others
Gaia, a decentralized AI inference platform, announced the completion of a $20 million seed round and Series A financing, led by ByteTrade, SIG, Mirana, and Mantle, with participation from Outlier Ventures, NGC, Taisu Ventures, Consensys Mesh, and others.
The new funds will be used to expand the decentralized AI infrastructure and officially launch the world's first AI-native smartphone built for users' autonomous intelligence, Gaia AI mobile phones are built with Galaxy S25 Edge hardware, and all AI inference processes run locally, without the need for the cloud, no data uploads, and no privacy leaks.
Decentralized data layer Poseidon completes $15 million in financing, led by a16z
According to The Block, decentralized data layer Poseidon has completed a $15 million funding round, led by a16z.
It is reported that Poseidon is built on the Story Protocol and aims to unlock high-quality training data for "next-generation physical AI". Incubated by the Story team, Poseidon is dedicated to solving the challenge of obtaining high-quality, usable, and legally licensed training data in the AI field.
According to Chris Dixon, founder of a16z Crypto, Poseidon's decentralized data layer will establish a new economic foundation for the internet, incentivizing creators and vendors to provide diverse data inputs for the next generation of intelligent systems. The project will provide AI developers with IP-secure, legally compliant access to training data through the Story protocol's programmable intellectual property layer and immutable registry.
Publicly traded company Capital B has increased its capital by approximately €10.3 million to advance its Bitcoin Finance corporate strategy
According to the official announcement, French listed company Capital B (formerly The Blockchain Group) announced a capital increase of approximately 10.3 million euros to pursue its Bitcoin Finance company strategy.
Questflow, a multi-AI agent scheduling platform, announced the completion of a $6.5 million seed round of financing, led by CyberFund
Questflow, a multi-AI agent scheduling platform, announced the completion of a $6.5 million seed round of financing, led by CyberFund, with participation from Delphi Labs, Systemic Ventures, Eden Block, White Star Capital, Web3.com, Animoca Brands, HashKey Capital, Wagmi Ventures, ElizaOS, Institutions such as the Tezos Foundation and CatcherVC have participated, and have received funding from Aptos, CDP (Coinbase Developer Platform), and Virtuals Protocol.
It is reported that Questflow is committed to building a global AI agent collaboration network, providing consumers and enterprises with 24/7 workflow automation services by scheduling multiple AI agents. The team will soon fully deploy its core innovation MAOP (Multi-Agent Orchestration Protocol, MAOP) to promote the real-world application of cross-domain workflows.
In addition, its upcoming QDP (Questflow Developer Platform) will provide developers with modular SDKs, visual orchestration tools, and on-chain settlement systems, allowing developers to quickly encapsulate APIs as AI Agents without dealing with the underlying technology.
Questflow's solutions have been recommended by organizations such as a16z, Cohere, and MongoDB, and have been selected for the Google for Startups program. Currently, the team is actively expanding ecological cooperation with Web2/Web3 partners such as Google, Coinbase Developer Platform, Aptos, and Near.
2. Games
Chain game developer Delabs Games has completed a new round of financing of $5.2 million, led by Hashed and others
Delabs Games, a blockchain game developer, announced the completion of a new round of financing of $5.2 million, bringing its cumulative total financing to $17.2 million. The round was led by Hashed, TON Ventures, and Kilo Fund, with participation from several strategic investors.
Delabs said that this round of funding will be used to promote the development of AI game creation platform Verse8 and accelerate the implementation of AI-enabled Web3 games.
3. CeFi
Crypto asset allocation platform OkaFund completed a $1 million seed round of financing, with participation from DC Capital and others
According to official news, crypto asset allocation platform OkaFund (OkaFund.com) has completed a $1 million seed round of financing, with participation from DC Capital, FreeLunch Capital, and Locoo International Capital.
It is reported that in less than 2 months since its launch, OkaFund has completed $200 million in reserve investment quantitative team funds (financial support for the quantitative team through exchange-managed sub-accounts).
The three founders of the team are Jason Yu, Hao Shen, and Sebastian Gawenda, who have previously worked for well-known companies such as Crypto.com, Kraken, Bybit, OKX, and Bitman.
OkaFund will integrate the four major sectors of Capital Intro, Data Show, Quant Strategy Fund, and Crypto MorningStar to become a one-stop service platform for investors and quantitative teams.
European investment application Lightyear has closed a $23 million funding round, led by NordicNinja
According to CNBC, European investment app Lightyear has announced that it has raised $23 million in a funding round led by NordicNinja, with participation from Estonian tech entrepreneurs such as Markus Villig, co-founder of ride-hailing unicorn Bolt.
Based in London, Lightyear has developed an app that allows users to invest in over 5,000 stocks, exchange-traded funds (ETFs), and money market funds, in addition to new AI features. The company wants to become the European version of Robinhood and enter the commission-free trading market.
According to people familiar with the matter, Lightyear's valuation after this round of financing reached $200 million to $300 million, a significant increase from the 2022 financing period.
Hilbert Group, a publicly traded Swedish company, has secured approximately $15.8 million in financing to support the Bitcoin reserve strategy
According to NLNico monitoring, Hilbert Group, a Swedish-listed Swedish company, has signed a structured financing agreement worth SEK 150 million (approximately US$15.8 million) with LDA Capital to support its Bitcoin reserve strategy.
The protocol uses an ATM-style facilitation tool structure that allows Hilbert Group to flexibly withdraw funds for more BTC over a 36-month period. This financing arrangement provides the company with financial support to continue expanding its Bitcoin holdings.
4. AI
Coinbase Ventures has announced support for the development of AI trading agent platform Bankr
Coinbase Ventures issued a statement announcing its support for the development of the Bankr platform through the Base Ecosystem Fund.
It is reported that Bankr is an intelligent trading agent platform integrated into Coinbase's new Base application, aiming to improve market efficiency by automating trading agents to achieve round-the-clock operation, faster response, and data-driven decision-making.
Quack AI has received $3.6 million in financing from Animoca Brands, Kenetic Capital, and other institutions to promote the construction of AI governance infrastructure
Quack AI announced the successful completion of a $3.6 million financing round with investors including Animoca Brands, Kenetic Capital, Skyland Ventures, 071Labs, Scaling Labs, CARV Labs, and well-known institutions such as Merlin Chain. This financing will accelerate Quack AI's construction of a comprehensive AI governance infrastructure and further promote the decentralized decision-making process in the Web3 ecosystem.
Quack AI is a modular governance layer that automates proposal generation, risk scoring, voting, and execution actions, widely suitable for cross-chain governance, providing AI-powered governance solutions for blockchain projects. Up to now, Quack AI has cooperated with multiple public chains such as BNB Chain, Linea, Metis, and Taiko, and more than 40 projects have adopted its AI governance solutions, with more than 660,000 users minting Quack AI passports, promoting the practical implementation and application of its AI governance solutions.
5. Others
Crypto mining company Bitzero has completed a $25 million financing to expand its green crypto mining business
According to The Block, Bitzero, a crypto mining company backed by Kevin O'Leary, announced the completion of a $25 million financing with plans to purchase 2,900 Bitmain S21 Pro miners, which are expected to be deployed within 4-6 months, increasing annual revenue by about $10 million. The company will expand in North America and Europe, emphasizing its sustainable mining model based on hydropower and low-carbon energy.
Satsuma, a UK-listed company, has completed a $136 million financing to accelerate its Bitcoin accumulation strategy
UK-listed Satsuma (formerly Tao Alpha) has announced the completion of a £100 million ($136 million) private placement to accelerate its Bitcoin funding strategy. In addition, the company will launch a short-term third round of financing, which will be limited to individual investors identified by the company as key strategic qualified investors in the United States, with an expected total financing of no more than £10 million and will be completed on or about July 28, 2025.
As previously reported, Satsuma announced its first purchase of 28.56 BTC.
South Korean blockchain infrastructure provider DSRV completed an initial Series B financing of approximately $11.6 million, with participation from Intervest and other institutions
According to Edaily, South Korean blockchain infrastructure provider DSRV has completed its first Series B funding round of approximately KRW 16 billion (approximately US$11.6 million). This round of investment is participated by major Korean investment institutions such as Intervest and NH-SK Securities, and a second round of financing with the participation of multiple financial institutions is expected at the end of next month.
According to reports, DSRV provides infrastructure for more than 70 blockchain networks around the world, managing more than 4 trillion won in digital assets. Last year, DSRV's annual sales reached about 10.7 billion won, and the net profit for the current period was 3 billion won. The company plans to increase sales in new business areas such as stablecoins and custody, and officially promote global market expansion including the United States, Japan, Africa and other regions.
Publicly traded MEI Pharma has completed a $100 million private placement to include Litecoin in its financial reserves
MEI Pharma (NASDAQ: MEIP) announced the completion of a $100 million private placement funding with plans to use the funds to purchase Litecoin (LTC) as a treasury reserve asset, according to BusinessWire.
The move reportedly makes MEI the first company to list on a national exchange and hold Litecoin. Litecoin founder Charlie Lee joins MEI's board of directors, and digital asset institution GSR has been hired as a financial management advisor. The financing issued approximately 29.24 million shares at $3.42 per share, with participants including the Litecoin Foundation and various investment institutions.