- Alpaca, Nous Research and Camp Network were the week’s winners.
- Eleven projects raised capital this week.
Eleven crypto projects raised $213 million this week, according to DefiLlama.
The amount is about 67% lower from last week, but brings the total raised this year to $7.2 billion.
Let’s take a look at the most notable among them:
Alpaca, $52 million
Alpaca drew the week’s biggest round, a Series C, with participation from Derayah Financial, 850 Management, National Investments Company, Unbound and Portage Ventures.
The investment “allows us to expand our efforts globally,” Yoshi Yokokawa, co-founder and CEO, said in a statement.
The company develops an application programming interface that allows algorithmic trading for both institutional and retail clients.
Nous Research, $50 million
Nous Research secured a $50 billion Series A round, led by Paradigm, Fortune reported.
Nous is looking to compete with companies like OpenAI and DeepSeek with its own artificial intelligence model, built on rails that use the Solana blockchain.
Company co-founder Karan Malhotra told Fortune that using blockchains “is really the only way in which we can make such a massive training run and such a democratic thing possible.”
Camp Network, $30 million
Camp Network secured $30 million in a Series A round. BlockChain Capital and 1kx led the round. Other investors participating in the round included OKX, Maven11, Hypersphere, and TrueBridge.
Camp Network is developing a Layer-1 blockchain for intellectual property to be used equitably in training AI models.
The company describes its product as “enabling users to register and tokenise their IP onchain, train and deploy AI agents, and participate in distributions for the use of agents trained on their IP in a transparent, enforceable way.”
Also of note
The project Miden raised $25 million in a round co-led by Andreessen Horowitz’s crypto arm, 1kx and Hack VC.
What’s it working on?
“Most blockchains today either don’t scale, lack privacy, or compromise Web3’s core principles. Miden changes that,” Miden tweeted at the announcement. “By moving execution and state to the edge, Miden enables public and private transactions at scale, without sacrificing decentralisation.”
And WineFi, a blockchain-based wine investment platform, secured a $2 million seed round. British fine wine group Coterie Holdings led the raise.
You’re reading the latest installment of The Weekly Raise, our column covering fundraising deals across the crypto and DeFi spaces, powered by DefiLlama.
Andrew Flanagan is a markets correspondent for DL News. Have a tip? Reach out to aflanagan@dlnews.com.
