---
title: "Crypto VC funding: Figure leads with $200m raise, Ethena Labs nabs $100m"
url: https://diffcoin.com/crypto-vc-funding-figure-leads-with-200m-raise-ethena-labs-nabs-100m/
description: "The final week of February saw lots of VC activity, starting with Figure securing $200 million"
published: 2025-03-01
updated: 2025-03-01
author: "Mila"
site: "Diffcoin"
---

# Crypto VC funding: Figure leads with $200m raise, Ethena Labs nabs $100m

The final week of February 2025 saw Figure secure $200 million for its asset management platform.

Crypto.news collected data from Crypto Fundraising and discovered that the week’s funding reached nearly $500 million across multiple sectors. There were major investments targeting DeFi infrastructure and asset management solutions; here they are:

### Figure, $200 million

- Raised $200 million in an unknown round
- Backed by Sixth Street Partners
- Figure is building asset management and banking solutions
- The project has raised $1.72 billion so far

### Ethena Labs, $100 million

- Secured $100 million in private funding
- Backed by Franklin Templeton, Polychain Capital, and Pantera
- It received an additional $16 million in funding from MEXC Ventures in the same week
- Ethena Labs is creating DeFi solutions on Ethereum
- It has raised over $136.5 million to date

### Bitwise, $70 million

- Bitwise raised $70 million in an unknown round
- The project is backed by Electric Capital, MassMutual Ventures, and MIT Investment Management
- Bitwise is building asset management solutions
- The project has raised $87 million so far

> Today we’re excited to announce Bitwise has completed a $70 million round of funding from top financial institutions and technology investors as we continue building the leading crypto asset management firm. 
> Investors in the round include:
> 
> – Electric Capital 
> – MassMutual 
> – MIT… [pic.twitter.com/AJ5UCzT8uq](https://t.co/AJ5UCzT8uq)
> 
> — Bitwise (@BitwiseInvest) [February 25, 2025](https://twitter.com/BitwiseInvest/status/1894389259752341811?ref_src=twsrc%5Etfw)

### Raise, $63 million

- Raise secured $63 million in strategic funding
- The project is backed by HAUN, Paper, and Selini
- Raise is creating marketplace and payment solutions

### Aurum, $12 million

- Aurum has secured $12 million in an unknown round with $100 million FDV
- The project is combining AI with asset management

### Orochi Network, $12 million

- Raised $12 million in seed funding
- The funding was backed by Presto, Smape, and Anti Capital
- Orochi Network is building infrastructure with zero-knowledge technology

> 🐉 Orochi Network has successfully raised $12M in funding.
> 
> This investment powers Orochi Network to build Verifiable Data Infrastructure [pic.twitter.com/3xfESYItbY](https://t.co/3xfESYItbY)
> 
> — Orochi Network (@OrochiNetwork) [February 27, 2025](https://twitter.com/OrochiNetwork/status/1895108396522840344?ref_src=twsrc%5Etfw)

### Geodnet, $8 million

- Geodnet secured $8 million in strategic funding; raised $15 million so far
- Backed by Meld.cap and DACM, the startup aims to create IoT data service infrastructure

### Notable crypto VC funding rounds under $8 million

- Mavryk Network raised $5.20 million for L1 real-world assets
- Imua secured $5 million for AI security on L1
- Shaga gathered $4 million for Solana gaming
- Ligero Inc. raised $4 million with $20 million FDV for privacy security
- Finisterra Labs secured $3.75 million for data analytics
- Meebit Company, FanTV, and Byzantine Finance each raised $3 million
- Tenor Labs gathered $2.50 million for DeFi lending
- Memes Lab secured $2.30 million for TON memes
- Aegis raised $2 million for DeFi stablecoins
- Torch Finance gathered $1.50 million for TON DEX
- Endless and EthicHub each secured $1 million
- Vortex raised $893,000 for DeFi infrastructure
- Morpheus Labs secured $430,000 in Series A for AI infrastructure

[Source link](https://crypto.news/crypto-vc-funding-figure-leads-february-200-million/)