Crypto projects secured $171.5 million this week despite US President Donald Trump’s flip-flopping tariff policies hurling markets into chaos.
Nine firms bagged new cash injections between April 4 and April 10, pushing the total raised by crypto projects so far in 2025 to almost $7.7 billion, according to DefiLlama.
It could be just the start — Robert Le, an analyst at Pitchbook told DL News last week that he’s forecasting a $18 billion bonanza for crypto venture capital investments.
Here are the nine crypto projects that topped up their coffers over the past seven days.
Félix Pago, $75 million
Remittance startup Félix Pago bagged $75 million last week in a Series B round led by QED Investors. Monashees, Switch Ventures, Castle Island, and HTwenty Capital also backed the raise, Bloomberg reported.
The company’s platform uses blockchain and artificial intelligence to enable US-based Latino workers to send money back to their families in Latin American countries.
It will use the cash injection to expand its operations across more countries in Latin America
“We want to move from only offering remittances to becoming a complete platform to use that money,” Manuel Godoy, the company’s co-founder and CEO told Bloomberg.
Blackbird Labs, $50 million
Blackbird Labs bagged $50 million in a Series B round this week from backers like a16z crypto, Spark Capital, Union Square Ventures, and Amex Ventures, American Express’ venture capital arm, Fortune reported.
Founder and CEO Ben Leventhal was previously among the co-founders of reservation startup Resy, which was acquired by American Express in 2015.
With Blackbird Labs, Leventhal leverages crypto fundamentals like onchain history and tokenisation to create restaurant loyalty and discovery programmes.
Ultra, $12 million
Web3 gaming startup Ultra secured $12 million in a funding round this week to bolster production of its onchain platform for gamers and developers. NOIA Capital led the raise.
The company recently hired Gus van Rijckevorsel as its new CEO, co-founder of the Circle Strategy consulting firm.
“Right now, no one in the gaming industry is happy so why isn’t anyone doing anything about it?” van Rijckevorsel said in a statement. “We’re here to change that and build a powerhouse that developers, publishers, and players can’t ignore.”
CAP Labs, $11 million
Franklin Templeton and Triton Capital led the seed round for stablecoin infrastructure project Cap Labs this week.FLow Traders, Nomura’s Laser Digital, GSR, IMC Trading, Nonce Classic also backed the raise, according to Blommingbit.
CAP Labs looks to make complex or out-of-reach trading strategies like arbitrage more accessible to retail investors.
CAP Labs plans to launch in Q2 of 2025.
Codex, $15.8 million
Regular crypto VC investor Dragonfly Capital led Codex’s $15.8 million seed round this week.
Other investors included Coinbase Ventures, Wintermute Ventures, Circle Ventures, Selini Capital and Cumberland DRW.
The project is developing a stablecoin-specific blockchain meant to reduce the friction in using the tokens.
P2P.me, $2 million
P2P.me secured $2 million in a seed round led led by Coinbase Ventures, and Multicoin Capital.
The retail-focused startup’s app is built on Coinbase’s layer-2 network Base and has a simple pitch: swap between USDC and fiat currencies using a QR code with no middlemen, CoinDesk reported.
DecentralGPT, $3 million
DecentralGPT secured a $3 million combined angel and Series A funding round this week to expand its alternative to large-language model products like ChatGPT or Claude.
AGICrypto Capital led the raise which also saw participation from Cherry Capital, BTR Capital, DePINX and Aethir, according to DecentralGPT.
Sats Terminal, $1.7 million
Coinbase Ventures and Draper Associates led Sats Terminal’s $1.7 million pre-seed round. The round also saw participation from angel investors, including Pantera Capital’s Franklin Bi, Boosty Labs co-founder Viktor Ihnatiuk, and Paul Taylor, according to Sats Terminal.
The project will use the raise to boost Bitcoin decentralised finance solutions, according to The Block.
“Our mission is to reinvent how users interact with Bitcoin DeFi, solving the fragmentation of liquidity plaguing the ecosystem and the lack of reliable infrastructure,” Sats Terminal said in a post announcing the raise.
StakeStone, $1 million
StakeStone has reportedly secured about $1 million through a public token sale on Binance’s BNB Chain by selling 50 million STO tokens.
The project is developing a cross-chain liquidity and staking protocol. It began its public token sale on April 3, originally selling each STO token for $0.02.. The token has since swung as high as $0.08 and hit a low of $0.053 on April 7.
Andrew Flanagan is a markets correspondent for DL News. Have a tip? Reach out to aflanagan@dlnews.com.