Crypto VC Funding Explodes: Plasma Secures $50M, Spiko Nabs $22M in Bold Bets

Crypto's money faucet is still gushing—despite what the naysayers screaming 'bubble' want you to believe.

Plasma just locked down a $50M war chest, while Spiko pocketed $22M in fresh powder. That's $72M betting that decentralized infrastructure isn't just surviving—it's primed to eat traditional finance's lunch.

VCs clearly aren't scared of volatility. Or maybe they've just accepted that 100x swings come standard in crypto. Either way, the checks keep clearing while Wall Street still struggles to explain NFTs at cocktail parties.

Plasma

• The startup raised $50 million through a public sale.
• Plasma has a fully diluted valuation of $500 million.
• The project is a high-throughput, zero-fee payment platform.
• Plasma has raised $77.5 million so far.

Spiko

• Spiko secured $22 million in a Series A round.
• The project focuses on areas including finance/banking, Infrastructure, Lending/Borrowing, and real-world assets.
• Investors include Index Ventures, White Star Capital, and Blockwall.

XMTP (Ephemera)

• XMTP, an end-to-end encrypted messaging network, received $21 million in a Series B round.
• Dawn Square Ventures, a16z crypto, and Lightspeed Faction backed the investment.
• XMTP has a total of $41 million in backing.

We’re thrilled to announce our $20M Series B to fuel XMTP’s mission:

🌐 Build the most secure, decentralized messaging protocol
🤖 Support any identity across any digital ecosystem
📡 Help fuel the next generation of messaging applications

XMTP is rebuilding secure messaging… pic.twitter.com/8lEs7Wr3vd

Two Prime

• Two Prime gathered $20 million in an Unknown round.
• The project is operating in Asset Management, Bitcoin Ecosystem, and Lending/Borrowing sectors.
• Investors include Mara Holdings and SIG.

Blockskye

• Blockskye raised $15.8 million in a Series C round.
• BlockChange, United Airlines Ventures, and Lightspeed Faction backed the investment.
• The project is a corporate travel and payments platform.

Dakota

• Dakota confirmed $12.5 million as part of a Series A round.
• The project is a modern business banking platform.
• Investors include CoinFund, Haun Ventures, and Triton Capital.

https://t.co/wiFWQbt6NI

ACM+ (AI Cross Metrix)

• ACM+ raised $12 million in a Seed round
• The project is operating in AI, Infrastructure, Multichain, Privacy, and Zero-knowledge sectors
• The investment was backed by Zama Capital, Genesis Capital, and Bu Bridge

Function (ex Ignition)

• Gathered $10 million in a Seed round
• Function is an institutional-grade protocol
• Investors include Galaxy Digital, Antalpha Ventures, and Mantle Network

BIG NEWS at @fxn_xyz: We are excited to announce @galaxyhq has joined our $10M seed round as an investor and Core contributor, alongside @Mantle_Official, and @AntalphaGlobal.

With over $1.5B in TVL, $FBTC is the institutional gateway for productive and functional Bitcoin.

The…

Projects

• W3 io, $7 million in a Seed round
• Vision, $3 million in a Public sale with $462 million fully diluted valuation