The crypto funding landscape experienced a significant boost during the week of May 11-17, 2025, with a total of $73.2 million invested. Among the standout transactions, Gnosis HQ made headlines with their acquisition of Singapore-based on-chain business account platform HQ.xyz for a remarkable $14.95 million.
This acquisition is more than just a number; it marks a strategic move for Gnosis, a well-known German Web3 infrastructure firm. The deal, involving an initial investment of up to $8.95 million backed by the GnosisDAO treasury, was approved by the community back in January. Furthermore, Gnosis has allocated an additional $6 million in working capital aimed at supporting HQ.xyz’s future expansion plans.
On a parallel track, the startup Perpl also made waves by raising $9.25 million in funding, led by prominent investors such as Dragonfly and Erzonia. This funding round underscores the increasing interest and confidence in innovative blockchain projects.
Other notable mentions during this week include:
- KYD Labs: Raised $7.1 million in a Seed round, facilitating the development of a unique factoring protocol.
- Turtle Club: Collected $6.2 million in a Seed round with backing from Delphi Digital and Consensys.
- XP (Captain Labs): Completed a Seed round with $6.2 million raised to enhance the ticketing experience for fans.
This current upward trend in crypto investments signals a growing confidence in the sector, especially across diverse verticals such as DeFi, gaming, and other ecosystem-specific projects. As the blockchain space continues to evolve, these funding efforts will set the stage for innovative startups keen on disrupting traditional financial models.
In summary, the recent surge in venture capital funding for crypto enterprises highlights an exciting renaissance within the industry. With major players like Gnosis leading the charge through strategic acquisitions and multiple startups securing substantial investments, the future seems promising for the blockchain ecosystem.
