Investors Committed $1 Billion to Blockchain Projects in February

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• Venture capitalists invested $1.1 billion into blockchain projects in February
• DeFi projects received $176 million of the funds
• Business service providers received $230 million from investors

Venture capitalists poured $1.1 billion into blockchain projects in February with DeFi and business service providers attracting the highest investments. Projects focusing on providing services to businesses secured the highest amount at $230 million followed by DeFi with $176 million. The $1.1 billion was raised by 137 companies with the amount invested in DeFi projects going to 20 projects, indicating that investors are willing to invest in crypto and blockchain projects despite the current uncertainty in the industry.

Security, Payments, and NFT Sectors Popular

According to a report by The TIE, projects in the security services and payments sectors also attracted a significant investment amount of over $50 million each. Blockchain infrastructure providers, crypto exchanges, staking providers, NFTs, gaming, and metaverse sectors received an average of $30 million.

In February 2025, 137 crypto companies raised approximately $1.11 billion, with the largest publicly disclosed raise being Figure’s $200 million raise.

Read our full February 2025 Crypto Funding Brief ⬇️

— The Tie (@TheTieIO) March 6, 2025

Token issuers, decentralized social media platforms, protocol developers, and crypto custodian projects received the least amount from venture capitalists last month. The TIE report noted that venture capitalists invested in multiple sectors.

According to the report, the top five VC firms that invested the highest amounts were Figure, Ethena Labs Sardine, Bitwise Asset Management, and Raise, with investment amounts ranging between $63 and $200 million across different funding rounds.

Crypto VC Firms Invested in 3-4 Projects

The most active investors in February were Karatage, The Spartan Group, the Digital Currency Group, ParaFi Capital, and BitScale, each investing in 3 or 4 projects. The TIE also registered several key mergers and acquisitions. 

Forte, for example, acquired web3 privacy developer Sealance while Phatom purchased token platform SimpleHash. Thirdweb also acquired decentralized social connection platform Yup and Self Labs acquired digital identity protocol Open Passport.

With venture capitalists pouring billions of dollars into blockchain projects, it’s to be seen whether the investments will spur growth and adoption of decentralized projects.