- NewLimit leads crypto fundraising with $130M from major venture firms.
- Mid-stage Web3 firms gain traction in identity, cybersecurity, and gaming sectors.
- Investors show continued interest in niche tokens and decentralized data platforms.
A new round of fundraising activity has invested more than $250 million into blockchain ventures, according to an infographic released by Phoenix Group on May 10, 2025. The data outlines capital inflows across various Web3 sectors, including security, entertainment, analytics, identity verification, and meme-based projects.
The largest raise was secured by NewLimit, which collected $130 million from investors such as a16z crypto, Dimension, and Founders Fund. The project appears to combine biotechnology and blockchain, though detailed information about the company’s product or roadmap was not included in the disclosure.
Key Support for Data, Identity, and Security Projects
Among the mid-sized funding rounds, Doppel raised $35 million to support its data integrity and Web3 identity protocol. The investment was backed by Union Square Ventures and a16z crypto, indicating sustained interest in decentralized identity solutions.
Cybersecurity-focused Sentora followed with $25 million in funding from Initialized Capital, Castle Island Ventures, and Tioga Capital. The firm is building tools to secure blockchain infrastructure, a focus area gaining relevance as adoption grows.
Capital Flows into Entertainment and Gaming
Entertainment and gaming applications received notable support. T-Rex, a blockchain platform aimed at cultural distribution and online virality, raised $17 million. Investors included Portal Ventures and Arbitrum Gaming Ventures. EVG is developing the project and focuses on Southeast Asian digital product markets.
Sonic, a Layer 2 blockchain built for gaming applications, raised $10 million in a round led by Galaxy Interactive. The chain is positioned to support game developers building in Web3 environments.
Niche Projects Gain Investor Attention
A group of smaller rounds also marked investor interest in niche use cases. DogEOS, a meme-based token project on the EOS network, raised $6.9 million. Polychain Capital led the round, marking another instance of funding for meme-themed ventures.
A blockchain analytics platform, GoQuant, closed a $4 million funding round led by gumi Cryptos and TNB Capital. It seems the platform is focusing on improving the visibility and usage of blockchain data.
A firm focused on bringing decentralized storage solutions came in the form of Xweave, which received a $3 million investment from the likes of Multicoin Capital and Fabric Ventures. The platform is set up to address storage needs in distributed network settings.
Insights into Recent Crypto Fundraising Trends
In a notable surge of investment, the blockchain sector has recently witnessed over $250 million poured into various ventures. This revitalization of fundraising was highlighted in an infographic released by Phoenix Group on May 10, 2025, illustrating the diverse areas of interest across Web3, encompassing security, entertainment, and specialized projects.
Major Funding: NewLimit Sets the Pace
At the forefront of this funding activity is NewLimit, which impressively raised $130 million from well-known venture firms including a16z crypto, Dimension, and Founders Fund. This ambitious project is reportedly blending biotechnology with blockchain innovations. However, specific details regarding the company’s offerings and future strategies remain under wraps, causing a mix of intrigue and speculation in the investment community.
Investment Focus: Data, Identity, and Security
A significant portion of recent fundraising has been directed towards mid-sized firms concentrating on critical themes such as data integrity and security. For instance, Doppel secured $35 million for its Web3 identity protocol, with backing from Union Square Ventures and a16z crypto. This reflects an ongoing investor appetite for decentralized identity solutions that promise a secure user experience.
Meanwhile, Sentora, a company dedicated to enhancing blockchain infrastructure security, managed to obtain $25 million through contributions from Initialized Capital, Castle Island Ventures, and Tioga Capital. As the demand for robust cybersecurity in blockchain applications intensifies, such investments position these firms favorably for future growth.
Entertainment and Gaming Steal the Spotlight
The entertainment and gaming sectors also garnered significant attention, signaling a shift in investor focus towards applications beyond traditional financial uses of blockchain. T-Rex, a platform emphasizing cultural distribution and virality, attracted $17 million from notable investors like Portal Ventures and Arbitrum Gaming Ventures. The project aims to tap into the Southeast Asian digital market, providing a unique angle for potential growth.
Sonic, a Layer 2 blockchain designed for gaming applications, also showcased strong investor support, raising $10 million in a round led by Galaxy Interactive. With gaming increasingly moving into decentralized environments, Sonic is well-positioned to support developers seeking to innovate.
Rising Interest in Niche Projects
In addition to mainstream applications, there’s a palpable interest in niche projects in the blockchain landscape. DogEOS, a meme-based cryptocurrency on the EOS network, successfully raised $6.9 million in funding led by Polychain Capital, indicating that despite market volatility, comedic or meme-themed ventures continue to attract capital.
Further diversifying fund interest, GoQuant, a blockchain analytics platform, completed a $4 million funding round backed by gumi Cryptos and TNB Capital. Its mission to refine blockchain data visibility signifies the growing importance of analytic capabilities in a complex landscape.
Completing the niche project lineup, Xweave focused on decentralized storage solutions, received $3 million in investment from Multicoin Capital and Fabric Ventures. This highlights a pressing need for innovative storage options within distributed technologies.
Expertise of the Author
This informative analysis has been crafted by Peter Mwangi, an experienced crypto news writer known for his ability to distill complex topics into engaging narratives. With a robust background in blockchain technology and decentralized finance, he continues to be a respected voice in the crypto community, providing clarity and insight into evolving trends and developments.