February 2025 Crypto Funding Brief

Welcome to our Monthly Crypto Funding Brief. Each month, we bring you the latest activities in the fundraising landscape. This newsletter aims to keep you informed about key developments, significant fundraises, active investors, and upcoming token unlocks, helping you stay ahead in the dynamic world of investments.

In this edition:

• Top 5 Largest Venture Funding Rounds
• Top 5 Most Active Investors
• Distribution of Fundraises by Company Category
• Distribution of Fundraisers by Stage
• M&A Activity
• Notable Fundraise Filings
• Token Unlocks for February / March 2025

Monthly Fundraising Highlights?

In February 2025, 137 crypto companies secured a combined $1.11 billion in funding. This total includes Metaplanet, which raised approximately $25.9 million through post-IPO debt.

As shown in the chart below, the top five investors took part in 16 funding rounds, leading two of them. Their investments spanned multiple sectors, including key narratives such as AI, Developer Tools, DeFi, DePIN, Funds, and Payments.

Note: The charts below do not include accelerator programs or post-IPO fundraising activities.

Introducing The Innovator Awards: Recognizing Blockchain’s Best

The Innovator Awards will spotlight the most forward-thinking crypto projects, celebrating those pushing boundaries and shaping the future of finance and blockchain. With an esteemed panel of judges from crypto’s leading investment firms, this is more than just an awards ceremony—it’s a recognition of impact, creativity, and innovation.

Nominations are now open. If you believe your token project or someone else's deserves to be recognized, submit your nominations today.

Top 5 Largest Venture Funding Rounds: February 2025

Top 5 Most Active Investors: February 2025

Distribution of Fundraises by Company Category: February 2025

In February, DeFi led in the number of deals, with 20 companies collectively raising approximately $175.7 million. In contrast, 8 business service providers companies secured a total of $230.7 million in funding.

Distribution of Fundraises by Stage: February 2025

Unspecified stages dominated fundraising in February, with 26 companies collectively raising approximately $505 million.

M&A Activity: February 2025

In February 2025, the crypto space saw 6 acquisitions spanning diverse sectors.

Notable Fundraise Filings: February 2025

The chart below highlights the funds that reported the most recent fundraises through the SEC's Form D or D/A filings.

Token Unlocks: February and March 2025

This chart highlights major token unlocks in February and March 2025. The largest individual and combined token unlocks were by SUI, with two unlocks totaling approximately $98.09 million on February 3 and March 3, 2025.

The size and color of the circles represent the USD value of each unlock.?

This newsletter is for informational purposes only and is not investment or trading advice. You are fully responsible for any decisions you make; The TIE Inc. is not liable for any loss or damage caused by reliance on information provided. For investment advice, please consult a registered investment advisor.