The second week of February showed strong activity in crypto VC funding as HashKey Group secured $30 million with a $1.50 billion valuation. According to Crypto Fundraising data , the week brought total funding to over $150 million, with payment solutions and infrastructure projects leading. The funding pattern showed rising interest in stablecoin development and L1 infrastructure. Let’s dive deeper into the investments from the last seven days. HashKey Group, $30 million Raised $30 million from Beijing-based Gaorong Ventures HashKey Group ( HSK ) is building finance and banking solutions The project has raised a total of $130 million. HashKey Group secures $30 million investment from Gaorong Ventures Hong Kong-based HashKey Group has secured a $30 million investment from China’s Gaorong Ventures, Bloomberg reported today, citing people familiar with the matter. HashKey Group is a regulated digital asset… pic.twitter.com/pfeZXNm03U — EchoeWeb (@Echoeweb) February 14, 2025 Plasma, $24 million Secured $24 million in an unknown round Plasma — backed by Framework, Bitfinex, and Peter Thiel — has raised a total of $27.5 million 1/ Today we’re thrilled to announce that we’ve raised $24M, led by @hiFramework and @bitfinex / @USDT0_to to build the leading blockchain for stablecoins. pic.twitter.com/wMjmlFSfFr — Plasma (@PlasmaFDN) February 13, 2025 Legend, $15 million Raised $15 million in an unknown round “We couldn’t be more stoked to have the unwavering support of the best to do it, w/ a16z crypto leading and support from Coinbase Ventures,” Legend founder and CEO Jayson Hobby said. The project is creating wallet infrastructure and building comprehensive wallet solutions Today, we’re announcing our $15M Seed round to bring Legend to market—making DeFi how it should be: easy to use. https://t.co/vwFdmfgbrs — JSON (@jaysonhobby) February 11, 2025 You might also like: SHIB has surged 28m%, PEPE over 18k%; CATZILLA aims to be next Mango Network, $13.5 million Secured $13.5 million in an unknown round Backed by Amrita Ventures, Kucoin, and Tido Capital Mango Network is developing L1 infrastructure Mango Network $13.5M Funding Round ⚡️ 📑 About: @MangoOS_Network is a multi-VM omni-chain network. 🤝 Investors: @KuCoinVentures , @MobilevcCapital , @Connectico_CON , @TidoCapital , @TFund_official , @BeckerVentures , Ainfra Ventures, and CatcherVC. 👉 https://t.co/lSzYA51Uhs pic.twitter.com/NsmmU9WEEE — Fundraising Digest (@CryptoRank_VCs) February 14, 2025 StakeStone, $10 million Raised $10 million in an unknown round Backed by BingX, StakeStone is building DeFi infrastructure to improve liquidity, optimize capital efficiency, and expand cross-chain asset protocols in decentralized finance . The project has raised a total of $32 million so far. Check out our coverage here . Human Passport, $10 million Holonym Foundation acquired Human Passport, previously known as Gitcoin Passport, for $10 million, according to Cointelegraph. The project focuses on building identity solutions Passport is evolving. We’re scaling with privacy on https://t.co/o2LptMGrap . Gitcoin Passport has been acquired by @0xholonym Foundation and is now Human Passport, bringing zk-powered digital identity to our 2M users with 35M+ credentials—on track to becoming the largest issuer… pic.twitter.com/neJz0ky1KT — Human Passport (previously Gitcoin Passport) (@HumnPassport) February 10, 2025 Notable crypto VC funding rounds GamerBoom raised $9 million for AI gaming with NVIDIA backing NodeGo secured $8 million for AI-powered DePIN infrastructure BitRobot Network raised $6 million for Solana gaming Blum gathered $5 million for multichain trading Partnr secured $4 million for AI gaming communication WalletConnect raised $4 million through public sale with $200 million FDV Drosera gathered $3.25 million for Ethereum security Cabal, Teneo, and InfiniFi each secured $3 million Fireverse raised $2.5 million for AI music BitRobot Network and DeFi App each gathered $2 million Whetstone Research secured $1.3 million for DeFi research Hivello raised $900K and $100,000 in separate public sales with $45 million FDV Read more: Pump.fun launches mobile app for Solana meme coin trading
