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Crypto VC funding: Figure leads with $200m raise, Ethena Labs nabs $100m

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The final week of February 2025 saw Figure secure $200 million for its asset management platform.

Crypto.news collected data from Crypto Fundraising and discovered that the week’s funding reached nearly $500 million across multiple sectors. There were major investments targeting DeFi infrastructure and asset management solutions; here they are:

Figure, $200 million

  • Raised $200 million in an unknown round
  • Backed by Sixth Street Partners
  • Figure is building asset management and banking solutions
  • The project has raised $1.72 billion so far

Ethena Labs, $100 million

  • Secured $100 million in private funding
  • Backed by Franklin Templeton, Polychain Capital, and Pantera
  • It received an additional $16 million in funding from MEXC Ventures in the same week
  • Ethena Labs is creating DeFi solutions on Ethereum
  • It has raised over $136.5 million to date

Bitwise, $70 million

  • Bitwise raised $70 million in an unknown round
  • The project is backed by Electric Capital, MassMutual Ventures, and MIT Investment Management
  • Bitwise is building asset management solutions
  • The project has raised $87 million so far

Raise, $63 million

  • Raise secured $63 million in strategic funding
  • The project is backed by HAUN, Paper, and Selini
  • Raise is creating marketplace and payment solutions

Aurum, $12 million

  • Aurum has secured $12 million in an unknown round with $100 million FDV
  • The project is combining AI with asset management

Orochi Network, $12 million

  • Raised $12 million in seed funding
  • The funding was backed by Presto, Smape, and Anti Capital
  • Orochi Network is building infrastructure with zero-knowledge technology

Geodnet, $8 million

  • Geodnet secured $8 million in strategic funding; raised $15 million so far
  • Backed by Meld.cap and DACM, the startup aims to create IoT data service infrastructure

Notable crypto VC funding rounds under $8 million

  • Mavryk Network raised $5.20 million for L1 real-world assets
  • Imua secured $5 million for AI security on L1
  • Shaga gathered $4 million for Solana gaming
  • Ligero Inc. raised $4 million with $20 million FDV for privacy security
  • Finisterra Labs secured $3.75 million for data analytics
  • Meebit Company, FanTV, and Byzantine Finance each raised $3 million
  • Tenor Labs gathered $2.50 million for DeFi lending
  • Memes Lab secured $2.30 million for TON memes
  • Aegis raised $2 million for DeFi stablecoins
  • Torch Finance gathered $1.50 million for TON DEX
  • Endless and EthicHub each secured $1 million
  • Vortex raised $893,000 for DeFi infrastructure
  • Morpheus Labs secured $430,000 in Series A for AI infrastructure





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