---
title: "Gnosis, HQ lead with $14.95 million deal"
url: https://diffcoin.com/gnosis-hq-lead-with-14-95-million-deal/
description: "The crypto funding market saw $73.2 million in total investments during the week of May 11-17, 2025."
published: 2025-05-18
updated: 2025-05-18
author: "Mila"
site: "Diffcoin"
---

# Gnosis, HQ lead with $14.95 million deal

The crypto funding market saw $73.2 million in total investments during the week of May 11-17, 2025.

During this period, Gnosis HQ’s $14.95 million M&A deal represented the largest transaction. This week, funding was announced across multiple blockchain ecosystems and verticals, focusing mainly on DeFi, gaming, and ecosystem-specific projects.

Here’s a detailed look at the crypto projects that secured funding this week as per Crypto Fundraising data:

### HQ.xyz

- German Web3 infrastructure firm Gnosis has acquired Singapore-based on-chain business account platform HQ.xyz in a strategic deal worth up to $14.95 million.
- The transaction includes an initial investment of up to $8.95 million from the GnosisDAO treasury, which was approved by the community in January.
- Gnosis has also committed $6 million in working capital to support HQ.xyz’s expansion. For our feature on Friederike Ernst, co-founder of Gnosis, click here.

### Perpl

- The startup secured $8.25 million in an unknown round
- Lead investors include Dragonfly, Erzonia, and Brevan Howard

### KYD Labs

- KYD Labs raised $7.1 million in a Seed round
- The funding was backed by CSX, Finality Capital Partners, and Ambush

> Excited to announce we’ve raised $7M led by [@a16zcrypto](https://twitter.com/a16zcrypto?ref_src=twsrc%5Etfw) CSX to build a factoring protocol for venues and deliver loyalty rewards to fans
> 
> We’re the first web3 company to onboard legendary venues like LPR and H0l0, driving $4M+ in ticket sales in the past year alone [pic.twitter.com/FBFHWcm0Hd](https://t.co/FBFHWcm0Hd)
> 
> — kyd. (@KYDLabs) [May 14, 2025](https://twitter.com/KYDLabs/status/1922642579448824234?ref_src=twsrc%5Etfw)

### Turtle Club

- The company [gathered](https://twitter.com/turtleclubhouse/status/1921861819225796771) $6.2 million in a Seed round
- Investors include Delphi Digital, SIG, and Consensys

### XP (Captain Labs)

- The ticketing platform raised $6.2 million in a Seed round
- XP’s funding was backed by BlockChange, Neon, and Reflexive

### Projects < $6 million

- Nirvana Labs, $6 million in a Seed round
- TrendX, $5.2 million in an unknown round
- XSY (Unity), $5 million in a Series A investment
- DoubleUp, $4 million with $40 million fully diluted valuation
- Vinanz, $4 million raised in an unknown round
- Giza: $2.2 million in an unknown round for AI, Ethereum Ecosystem, and Infrastructure; gained +15 new investors
- N1 (ex Layer N), $2 million in public sale
- Puffverse, $700,000 public sale with $70 million fully diluted valuation

[Source link](https://crypto.news/crypto-vc-funding-gnosis-hq-14-95-million-deal/)