- Investments in crypto firms on pace to reach $18 billion in 2025.
- Exchanges and cybersecurity projects saw the biggest raises this month.
- Industry ventures have already raised over $4 billion more than in 2024.
Sixty-five crypto companies raised more than $1.8 billion this month, according to DefiLlama data.
August saw $1.8 billion in raises, down from $2.7 billion in July.
That brings the total funding to nearly $15 billion in the first eight months of 2025, outpacing 2024’s total by over $4 billion.
And some industry pundits expect these figures to continue rising.
PitchBook predicts that the industry will raise $18 billion this year. Investors from Galaxy Ventures and Codebase expect investors will plough over $25 billion into the industry in 2025.
Here are three of the biggest raises this month.
Bullish, $1.1 billion
Bullish, the Peter Thiel-backed crypto exchange, raised $1.1 billion in an oversubscribed IPO on the New York Stock Exchange on August 14, pricing shares at $37, above the marketed range.
The raise values Bullish at $5.4 billion and drew interest from institutional investors.
Led by former NYSE president Tom Farley, Bullish offers spot, margin, and derivatives trading tailored to institutional clients.
IVIX, $60 million
AI-powered financial crime detection firm IVIX raised $60 million on August 18 in a Series B led by O.G. Venture Partners, with backing from Insight Partners, Citi Ventures, and Team8.
The company’s platform, which uses large language models and graph analytics to help governments uncover illicit activity, is already in use across the US, Europe, and Asia.
The funding will fuel R&D and international expansion as IVIX scales its efforts to tackle what the company describes as a $20 trillion global shadow economy.
1Kosmos, $57 million
1Kosmos, a provider of identity verification and passwordless authentication, secured $57 million in Series B funding on August 12, which includes a $10 million credit facility.
The round was led by Forgepoint Capital and Oquirrh Ventures, and will support product innovation and global sales growth.
1Kosmos’ platform uses live biometrics and blockchain to stop impersonation attacks, and recently won a $195 million US government contract to modernise Login.gov identity services.
What we’re reading
- UK falling behind on crypto laws to push consumers to unregulated offshore providers, warns MP — DL News
- As he builds US power, Justin Sun fights to control his story — Citation Needed
- Over $500 Million Liquidated as Crypto Selloff Accelerates — Unchained
- Bullish IPO makes history — Milk Road
- Ethereum to $7,500? Rotation into Ether ETFs seen to drive price to new heights — DL News
- Bullish Settles $1.15B IPO Entirely in Stablecoins — Unchained
You’re reading the latest installment of The Weekly Raise, our column covering fundraising deals across the crypto and DeFi spaces, powered by DefiLlama.
Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email at lance@dlnews.com.
