Six crypto startups raised more than $81 million this week, according to data compiled by DefiLlama.
That brings the total funding for crypto startups to over $11 billion in the first six-and-half-months of 2025, outpacing 2024’s total by more than $1 billion.
Industry players have already raised over $660 million in July alone.
PitchBook predicts that the industry will raise $18 billion this year.
This week’s big winners are companies tackling something that has long obsessed traditional investors — cash flow. Two of the three largest raises go to companies vying to put idle capital to work.
Below are the three biggest raises of the week.
Spiko, $22 million
French fintech Spiko bagged $22 million in a Series A round led by Index Ventures. White Star Capital, Blockwall and Bpifrance’s Digital Venture fund were among the other investors backing the raise.
Angel investors from Revolut, Wise, Blackstone, and Palantir also chipped in.
The pitch? Turn Europe’s idle cash into yield-generating assets.
Spiko offers tokenised money market funds that let European businesses earn daily interest on working capital. The startup taps into blockchains like Ethereum, Arbitrum, and Polygon.
Blockskye, $15.8 million
Corporate travel just got a crypto upgrade.
Blockskye raised $15.8 million in a Series C round to expand its blockchain-powered travel platform, which helps companies like PwC and TripAdvisor slash costs by booking directly with airlines and tracking tickets via real-time ledgers.
United Airlines Ventures joined the cap table alongside Lightspeed Faction, Litquidity Ventures, and others.
“Corporate travel represents one of the last elements of enterprise operations still relying on outdated, intermediary-heavy infrastructure that lacks basic trust and transparency,” said Brook Armstrong, co-founder and co-CEO of Blockskye.
The company has now raised a total of $33 million.
Structured yield, Bitcoin edition.
Two Prime raised $20 million to expand its line of institutional Bitcoin yield strategies and structured crypto products.
The raise was backed by Marathon Digital, the Bitcoin miner.
“As Bitcoin becomes an integral part of corporate and sovereign balance sheets, institutions are reevaluating how to deploy it strategically,” said Alexander Blume, CEO of Two Prime.
“MARA’s investment signals a broader shift toward active, yield-focused bitcoin strategies that meet institutional standards.”
You’re reading the latest installment of The Weekly Raise, our column covering fundraising deals across the crypto and DeFi spaces, powered by DefiLlama.
