Crypto Startups Raise $739.5M in a Week: Kalshi, Bit Digital, and Canton Network Lead June’s Institutional Funding Boom
Record-breaking $739.5 million flows into crypto infrastructure, DeFi, and institutional platforms, reflecting renewed confidence in blockchain innovation.
A Breakout Week for Crypto Fundraising
From June 22–28, crypto startups raised an impressive $739.5 million across 17 deals, marking one of the strongest weeks for sector investment in recent months.
- Infrastructure and institutional-focused projects dominated, with major rounds reflecting deepening investor interest in blockchain’s core services and enterprise use cases.
Top Deals: Institutional Platforms Take Center Stage
Kalshi, a regulated prediction market, topped the week with a $185 million Series C at a $2 billion valuation.
- Major investors included Paradigm, Sequoia, and Multichain Capital.
- Kalshi’s total funding now stands at $215.15 million.
Bit Digital, a leading Bitcoin miner with operations in Canada, the U.S., and Iceland, secured $150 million.
- This round reinforces the ongoing appeal of Bitcoin mining amid global adoption.
Canton Network, a public Layer-1 blockchain tailored for institutional finance, raised $135 million from backers such as DRW Venture Capital, Tradeweb, and BNP Paribas.
- The platform’s focus on enterprise-grade solutions is driving strong financial support.
World Liberty Financial (WLFI), a DeFi project within the Ethereum ecosystem, raised $100 million, bringing total funds to $715 million.
- The WLFI token powers DeFi, lending/borrowing, and yield aggregator services, attracting participation from Aquant.
Notable Rounds in Privacy, AI, and Infrastructure
Zama, an infrastructure and privacy startup specializing in Fully Homomorphic Encryption (FHE), secured $57 million in a Series B, pushing its total to $130 million and earning a $1 billion valuation.
- Pantera and BlockChange joined as lead investors.
Niural, an AI-native HR and PEO platform, raised $31 million in Series A funding from Marathon Digital, M13, and Inspired Capital.
Early-Stage Rounds and Emerging Players
Several startups raised under $30 million, including:
- Veda: $18 million
- Global Token Exchange (GTE): $15 million
- Concrete Protocol: $9.5 million
- Spekter Games: $5 million
- dKloud: $3.15 million
- Inference Labs: $3 million
- Makina: $3 million
- Sphinx Protocol: $2 million
- Byzantlink: $1 million
- Twyne: $450,000
This surge in fundraising signals growing institutional trust in crypto’s infrastructure, privacy solutions, and decentralized finance models. As platforms like Kalshi and Canton Network attract blue-chip investors, the sector’s foundation for mainstream adoption continues to strengthen.
