Follow the Money: $160 Million in Venture Deals, $500 Million for Solana, and the Development of Blockchain Services
Date: 2025-09-22 Author: Oliver Abernathy Categories: BUSINESS
From September 13 to 20, 2025, Incrypted recorded 31 investment deals with a total value exceeding $1 billion. These included venture investments, corporate placements, token sales, and other financing formats. Corporate deals and projects in the blockchain services sector remained a particular focus.
During this period, 14 startups raised nearly $160 million in venture capital funding, while three more projects did not disclose their investment amounts. Key deals include:
- $30 million — Brale, a stablecoin platform, received investment from Lightspeed, NEA, Refract, and Foundation Capital for global expansion and regulatory support.
- $22 million — Kredete, an African fintech startup, closed a Series A round with participation from AfricInvest, Partech, and Polymorphic Capital. The funds will be used to expand into Canada, the UK, and Europe and launch a stablecoin credit card.
- $20 million — Stablecore, a financial platform for US banks and credit unions, was backed by Norwest, Coinbase Ventures, and other investors. The funds will be used to expand its customer base and team.
- $19 million — GRVT, a decentralized exchange with zero-knowledge technology, was co-funded by ZKsync, Further Ventures, and 500 Global. The funds will be used to integrate real-world assets and develop new products.
- $17 million — T-Rex, a blockchain for the entertainment industry, received funding to reward users for activity on YouTube, TikTok, and X.
Other notable deals include funding for Synthesys ($11 million), Mavryk ($10 million), Openverse ($8 million), Titan ($7 million), Bio Protocol ($6.9 million), Senpi ($4 million), Oumla ($2.4 million), Hodli ($1.24 million), and Epoch Protocol ($1.2 million). Additionally, Sonic SVM and Beezie received strategic investments, while FinChain received funding from Sonic Labs.
This week, one project held a token sale: Superform raised $1.42 million to launch v2, the first stablecoin neobank.
Corporate Deals
- $500 million — Helius formed a reserve based on Solana through a private placement priced at $6.88 with three-year warrants.
- $145 million — Winfeng Financial issued shares to create a Web3 finance ecosystem.
- $100 million — Soluna received a credit line from Generate Capital to develop Bitcoin mining data centers.
- $68.85 million — Capital B boosted its Bitcoin reserves through a private placement.
- $3 million — GrainChain received additional investment through convertible bonds.
Acquisitions and Mergers
Keyrock acquired Turing Capital for $27.8 million, Chiliz acquired 51% of OG Esports, and MoonPay acquired fintech company Meso to combine payments and crypto infrastructure.
Mastercard expanded its Start Path program to include startups Plume Network, Borderless, Nominis, Keyrails, and Nomyx, supporting the development of blockchain solutions and digital finance.
The most active investors were Mirana Ventures, Mastercard, Auros Global, Animoca Brands, and Alphemy Capital. Blockchain infrastructure projects, CeFi, DeFi, and NFTs are generating the most interest.
For reference: over the previous week, from September 6 to 13, projects raised over $5.04 billion, confirming the steady growth of interest in digital assets and blockchain technologies.
