Crypto Fundraising in Q2 2025 — A New Leap Has Been Reached

The industry experienced a sharp rebound in the second quarter of 2025. $10.03 billion for crypto venture capital investment accounted for the peak fundraising period — the long-awaited influx since the first quarter of 2022. This clear shift in sentiment was rapid — $5.14 billion of the total amount for June 2025 alone.

Industry Momentum

This fundraising period has showcased the strongest performance per quarter in over three years. After prolonged bear market slowdowns, it signals the return of capital to the industry. There were two crucial components behind this “breakthrough”:

more attention to tokenization, blockchain, and AI-empowered solutions;
boosted confidence of investors in the profitability and reliability of crypto ventures.

According to Cryptorank, the rating of the top raises of the second quarter of 2025 is as follows:

Strive Funds — $750 million;
TwentyOneCapital — $585 million;
Securitize — $400 million;
Kalshi — $185 million;
Auradine — $153 million;
ZenMEV — $140 million;
Digital Asset — $135 million.

This industry momentum lets experts predict the upcoming growth cycle of the crypto sector. Although the current phase isn’t over, July 2025 is unlikely to surpass the level established in June 2025 — $5.14 billion within 119 fundraising rounds versus $751.68 million within 50 fundraising rounds so far.

Coinbase Ventures — A Fronttunner Fund in Q2 2025

The most active investor during the second quarter of 2025 was Coinbase Ventures. With double the deals in comparison with the silver-medal winner, the total number reached twenty-four deals. Here are other contributors with the highest number of investments completed from April to June:

Coinbase Ventures — 24 deals;
Animoca Brands — 12 deals;
Mirana Ventures, Selini Capital, Pantera Capital, and Andreeseen Horowitz (a16z) — 11 deals each;
a16z CSX, 1kx, MH Ventures, and Alliance DAO — 10 deals each.

From July 2025 to September 2025, the ranking is expected to undergo significant changes. Here are some of the candidates who are most likely to keep enhancing their investments and contributing to the increase in deal volume:

Colosseum;
DWF Ventures;
Coinbase Ventures;
Blockchain Founders Fund.

If you want to predict potential changes in the crypto venture capital investment structure, don’t overlook the fundraising nature analyzed by stage. Let’s be more precise and highlight its specifications during the last twelve months:

Seed — 19.33;
Strategic — 14.26%;
M&A — 9.66%;
Pre-Seed — 9.13%;
Series A — 6.42%;
Incubation — 3.3%;
Others — 37.89%,

With $3.74 billion, the United States took the leading position on the heatmap of investment locations, followed by Singapore ($1.28 billion) and Japan ($581.94 million), excluding $3.57 billion raised but undisclosed. Overall, more funds are expected to support the infrastructure, prioritizing the development of blockchain, tokenization, and stablecoins.