Crypto VC funding: Camp Network, Miden each secure $25 million

The week of April 27 to May 3 saw major crypto funding activity, with total investments reaching $104.7 million across 15 projects. Camp Network and Miden both raised $25 million each.

Infrastructure projects dominated this week’s funding rounds. The data also shows continued interest in privacy, AI, and DeFi-focused solutions. Here’s a breakdown of this week’s crypto funding activity as per Crypto Fundraising data:

Camp Network

• Raised $25 million in a Series A round
• According to Fortune, the investment was backed by 1kx, Blockchain Capital, and OKX Ventures
• Camp Network has raised over $29 million so far

Miden

• Miden secured $25 million in a Seed round
• Investors include a16z crypto, Hack VC, and 1kx

Thru (Unto Labs)

• Raised $14.4 million in an Unknown round
• Thru has a fully diluted valuation of $140 million
• The investment was backed by Framework and Electric Capital

Dinari

• Dinari has gathered $12.7 million in a Series A round
• Investors include Hack VC, BlockChange, and VanEck
• The project has raised $22.7 million so far

Terminal 3

• Raised $8 million in a Seed round
• Terminal 3 investment was backed by Illuminate Financial, Titan Fund, and IDG

Projects under $7 million

• ZAR: raised $7 million in an unknown round
• Fleek: raised $5 million in a public sale with a $75 million fully diluted valuation
• Gata (ex Aggregata): secured $4 million in Seed funding
• ROVR: bagged $2.6 million in a seed investment
• aZen Protocol: $1.2 million secured in a Seed round
• MilkyWay: Bagged $300,000 in a public sale with $15 million fully diluted valuation
• B² Network (Bsquared Network): $300,000 Public sale with $15 million fully diluted valuation