Last week, there were 16 public fundraising events in the crypto market, with a cumulative amount of about $83.8 million raised Investment and Financing Weekly

Collation: Luan Peng, RootData

According to incomplete statistics from RootData, from May 12 to May 18, 2025, a total of 16 public investment and financing events occurred in the blockchain and crypto industry, with a cumulative financing of about $83.8 million.

From the perspective of track distribution, the projects that have received financing are mainly distributed in the infrastructure and DeFi tracks. Popular projects include Squads, a multi-signature protocol in the Solana ecosystem, Openverse Network, Turtle Club, and Perpl, a decentralized perpetual futures exchange.

In addition, Solana-based ticketing platform XP closed a $6.2 million seed round led by Blockchange with participation from L1D and Reflexive.

1.

Alchemy, an infrastructure blockchain development platform, acquires DexterLab, an infrastructure service provider for Solana

According to The Block, blockchain development platform Alchemy recently announced the acquisition of Solana infrastructure provider DexterLab to expand its enterprise-level service capabilities in the Solana ecosystem. DexterLab provides Web3 data monitoring services to organizations such as Google, Chainstack, and the Solana Foundation, including solutions such as raw data APIs and real-time data streams.

Alchemy's head of engineering said that the acquisition will integrate the technical resources of both parties to increase the scale of infrastructure and the speed of innovation in the Solana ecosystem. As applications such as Pump.fun drive Solana's ecosystem to become more active, its virtual machine network generates about 1TB of data per day, posing a challenge to traditional RPC services.

Terms of the transaction were not disclosed. Alchemy's acquisition marks a significant step toward its multi-chain strategy, which previously served Ethereum and EVM-compatible chains.

Solana Ecosystem Multi-Signature Agreement Squads Receives Strategic Investment from Haun Ventures

According to Blockworks, Solana Ecosystem Multi-Signature Agreement Squads announced that it has received a strategic investment from Haun Ventures, the specific amount of which has not yet been disclosed.

In addition, Squads also announced the upcoming launch of Altitude, a stablecoin native account that will allow companies to open and fund U.S. dollar accounts without relying on traditional banks or U.S. entities.

Satellite-based blockchain verification layer SpaceComputer completed a pre-seed round of financing, led by Primitive,

to official news, a blockchain-based verification layer based on satellite technology SpaceComputer announced the closing of a Pre-seed funding round led by Primitive, with participation from Nascentxyz, tangent_xyz, SymbolicVC, PublicWorksFM, Merkle Ventures, and Star-Shield, as well as angel investors such as loi_luu, Polygon co-founders, and Melt_Dem and others also participated in this round of financing. The exact amount of the financing was not disclosed.

SpaceComputer is using satellites to build cryptographic systems that are resistant to physical destruction and cyberattacks, and has launched its first product, ctRNG, which uses space entropy to generate true random numbers.

Nirvana Labs, a blockchain cloud computing company, closed a $6 million seed expansion round co-led by Jump Crypto and Crucible Capital

According to Blockworks, blockchain cloud computing company Nirvana Labs closed a $6 million seed expansion round co-led by Jump Crypto and Crucible Capital, with participation from RW3 Ventures, Castle Island, and Hash3 VC, bringing its total funding to $11.8 million.

Unlike traditional cloud service providers that centralize computing resources, Nirvana uses a bare metal infrastructure that serves only one client per server, the company offers compute services tailored to the crypto space. Nirvana already serves infrastructure providers such as BitGo and Fireblocks, as well as protocol foundations such as Avalanche and Berachain, and plans to serve as a front-end service to help organizations deploy on Internet filtering startup DoubleZero.

The Blockchain Group, a listed company in Europe, has raised more than 22 million euros with participation from Tobam and others

According to Bitcoin Magazine, the Blockchain Group (ALTBG), a listed company in Europe, completed two rounds of financing totaling more than 22 million euros in a week, of which it raised 9.9 million euros through equity financing on May 9, a 61.7% premium to the 20-day average price, with investors including Tobam, Generali Ambition Solidaire, Jean-Marie Formigé, Quadrille Capital, EFG Bank, VP Bank, etc. On May 12, a further €12.1 million of Bitcoin-denominated convertible bonds were issued through a Luxembourg subsidiary, which was fully subscribed by Blockstream CEO Adam Back, representing a 30% premium to the first tranche of conversion prices.

The funds will be used to strengthen bitcoin holdings and develop subsidiary businesses such as data intelligence and AI. As a core member of "Bitcoin For Corporates", the company explores Bitcoin-centric capital structure innovations, including Bitcoin-denominated bonds and hard asset reserve strategies.

Openverse Network, a Layer0 hub network, closed an $11 million strategic round of funding, with participation from Castrum Capital and others

, according to Bitcoin.com Openverse Network announced the closing of an $11 million strategic round of funding, with participation from Castrum Capital, TB Ventures, DuckDAO, Asva Capital, and others.

The new funds are intended to be used to accelerate the development of its global ecosystem, including ecosystem construction, and encourage more developers and partners to join and jointly build a more open and interconnected value network.

2. DeFi

DeFi strategy management platform XSY.fi closed a $5 million Pre-A round of financing, led by Borderless Capital and others

, according to ChainwireDeFi strategy management platform XSY.fi announced the closing of a $5 million Pre-A funding round led by Borderless Capital and Protagonist, with participation from Paper Ventures, Chainview Capital, Avalanche Blizzard Funds, Sonic Boom Ventures, and others.

In addition, XSY.fi announced the launch of Unity (UTY), a digital synthetic dollar on the Avalanche blockchain, with the aim of improving the liquidity and capital efficiency of the blockchain ecosystem.

DEX aggregator 0x acquires rival Flood

According to CoinDesk, decentralized exchange infrastructure company 0x has announced the acquisition of rival Flood, the first acquisition of 0x since its inception in 2017. A 0x spokesperson declined to disclose the exact amount of the acquisition of Flood, citing contractual obligations.

Stablecoin issuer Mountain Protocol was acquired by Anchorage Digital, and the USDM project will cease issuance

According to official information, crypto financial services company Anchorage Digital announced that it will enter the stablecoin business through the acquisition of Mountain Protocol, and as part of the acquisition, Mountain Protocol will begin to terminate the USDM project in an orderly manner.

Turtle Club, an on-chain liquidity distribution protocol, closed a $6.2 million seed round led by THEIA

Turtle Club, an on-chain liquidity distribution protocol, today announced the closing of a $6.2 million seed round led by THEIA, with participation from Susquehanna, Consensys, and Ethereum co-founder Joseph Lubin, among others.

3. Perpl, a decentralized

perpetual futures exchange for DEXs, closed a $9.25 million funding round led by Dragonfly,

according to BlockworksPerpl, a decentralized perpetual futures exchange, announced the closing of a $9.25 million funding round led by Dragonfly with participation from Ergonia, Brevan Howard, Breed, L1D, and CMS.

The project will build an on-chain central limit order book on the Monad blockchain, with a testnet launch planned by the end of 2025.

4.

Coinsilium Group, another listed blockchain company, has closed a £1.25 million funding round to build a Bitcoin financial plan

Coinsilium Group (ticker:AQSE), a UK-based listed blockchain company, announced the closing of a £1.25 million funding round to build a Bitcoin financial plan, CoinDesk reported. On Friday, Coinsilium stock trading volume hit an all-time high of 14 million shares. The share price is currently £4.10, up 24% in the last 24 hours. The company's advisor is CoinDesk analyst James Van Straten.

Solana-based ticketing platform XP closed a $6.2 million seed round led by Blockchange,

Solana-based ticketing platform XP closed a $6.2 million seed round led by Blockchange, L1D and Reflexive.

According to reports, the platform encodes tickets into NFTs and supports users to pay with USDC by connecting crypto wallets.

Founder Mike Saunders revealed that the platform will soon launch a user-owned listing and resale function, and plans to provide fans with exclusive rewards and experiences through blockchain technology. Despite the platform's underlying Solana technology, there is little mention of crypto on the official website, and the founders have not explicitly stated whether or not to issue tokens.

Blockchain ticketing platform KYD Labs closes $7 million seed round led by a16z Crypto

CoinDesk reported that blockchain ticketing platform KYD Labs has announced the closing of a $7 million seed round led by a16z Crypto.

Designed to address lost revenue by giving artists and venues control over ticket sales, fan data, and revenue, KYD Labs is built on Solana to allow fans to quickly purchase tickets, with plans to expand to more than 100 venues in the U.S. by 2026.