Web3 and Blockchain Projects Raise Over $3B in Funding in March
Date: 2025-04-02 Author: Gabriel Deangelo Categories: BLOCKCHAIN
A total of 125 Web3 and blockchain projects received funding in March 2025, with 96 companies raising $3.33 billion. The largest deal of the month was Binance, which raised $2 billion from investors at MGX, a UAE-based institutional investor. This was the largest investment in a crypto company and the first institutional investment in Binance.
Other notable deals included:
• MoonPay raised $200 million via a revolving credit facility from Galaxy. The funds were used to meet increased demand for liquidity following the launch of memocoins linked to the Donald Trump family.
• Walrus Foundation — raised $140 million through a private token sale to expand a decentralized data storage protocol. Investors included Standard Crypto, Andreessen Horowitz (a16z), Electric Capital, and others.
• Canaan — raised $100 million through a Series A-1 preferred stock offering. The investment will be used for research, production, and the creation of mining infrastructure in the United States and Canada.
• Metaplanet — raised $87 million from the EVO Fund through post-IPO financing to purchase bitcoins for the company's reserves.
It is also worth noting the large investments in the artificial intelligence sector. In particular, OpenAI has raised $40 billion thanks to investments from SoftBank and other partners, including Microsoft and Coatue. The funds will be used to further develop the company, which raised its valuation to $300 billion.
Other important deals in the AI field:
• Anthropic — raised $3.5 billion, raising the company's valuation to $61.5 billion. Investors include Lightspeed Venture Partners and Bessemer Venture Partners.
• Shield AI — received $240 million to develop AI systems focused on safety.
• Turing — raised $111 million to support the development of AGI infrastructure and marketing.
• Nexthop AI — received $110 million to develop network infrastructure for AI environments.
In March, investor activity was highest from the 8th to the 15th — $2.32 billion. This is primarily due to the $2 billion raised by Binance. During this period, 23 projects received funding, mainly in the blockchain infrastructure and services sectors.
On the last day of the month, eight projects raised funds, including:
• Be Water — $10.8 million from Tether to develop blockchain content infrastructure.
• The9 — $8 million from Bripheno Pte. Ltd and other investors to create a global GameFi platform.
• Ambient — $7.2 million in a seed round from Delphi Ventures and a16z.
• Cambrian Network — $5.9 million to create an AI infrastructure protocol.
• Mahojin — $5 million to develop an AI image generation platform.
According to CryptoRank, the most active investors in March were Robot Ventures, Plug and Play, and XDC Foundation, each participating in six investment deals.
The total investment volume for the month was significantly higher than in February, confirming the high interest in the blockchain infrastructure, DeFi, CeFi, and GameFi sectors.
