Crypto VC funding: HashKey Group raises $30m, Plasma secures $24m, Holonym Foundation buys Gitcoin

The second week of February showed strong activity in crypto VC funding as HashKey Group secured $30 million with a $1.50 billion valuation.

According to Crypto Fundraising data, the week brought total funding to over $150 million, with payment solutions and infrastructure projects leading.

The funding pattern showed rising interest in stablecoin development and L1 infrastructure. Let’s dive deeper into the investments from the last seven days.

HashKey Group, $30 million

• Raised $30 million from Beijing-based Gaorong Ventures
• HashKey Group (HSK) is building finance and banking solutions
• The project has raised a total of $130 million.

Plasma, $24 million

• Secured $24 million in an unknown round
• Plasma — backed by Framework, Bitfinex, and Peter Thiel — has raised a total of $27.5 million

Legend, $15 million

• Raised $15 million in an unknown round
• “We couldn’t be more stoked to have the unwavering support of the best to do it, w/ a16z crypto leading and support from Coinbase Ventures,” Legend founder and CEO Jayson Hobby said.
• The project is creating wallet infrastructure and building comprehensive wallet solutions

Mango Network, $13.5 million

• Secured $13.5 million in an unknown round
• Backed by Amrita Ventures, Kucoin, and Tido Capital
• Mango Network is developing L1 infrastructure

StakeStone, $10 million

• Raised $10 million in an unknown round
• Backed by BingX, StakeStone is building DeFi infrastructure to improve liquidity, optimize capital efficiency, and expand cross-chain asset protocols in decentralized finance.
• The project has raised a total of $32 million so far. Check out our coverage here.

Human Passport, $10 million

• Holonym Foundation acquired Human Passport, previously known as Gitcoin Passport, for $10 million, according to Cointelegraph.
• The project focuses on building identity solutions

Notable crypto VC funding rounds < $10 million

• GamerBoom raised $9 million for AI gaming with NVIDIA backing
• NodeGo secured $8 million for AI-powered DePIN infrastructure
• BitRobot Network raised $6 million for Solana gaming
• Blum gathered $5 million for multichain trading
• Partnr secured $4 million for AI gaming communication
• WalletConnect raised $4 million through public sale with $200 million FDV
• Drosera gathered $3.25 million for Ethereum security
• Cabal, Teneo, and InfiniFi each secured $3 million
• Fireverse raised $2.5 million for AI music
• BitRobot Network and DeFi App each gathered $2 million
• Whetstone Research secured $1.3 million for DeFi research
• Hivello raised $900K and $100,000 in separate public sales with $45 million FDV