Crypto Fundraising Hits $470M in a Week as Bitdeer, Upexi, Alpaca Lead the Charge

The crypto funding scene exploded this week, with total investments hitting $470.75 million between April 20-26, fueled by major raises across blockchain, AI, DeFi, and staking sectors.

Bitdeer Upexi
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Biggest Deals This Week:

  • Bitdeer ($179M):
    Bitdeer secured $179 million via loans and equity, backed by Matrixport. The Singapore-based blockchain computing firm held 1,234.4 BTC as of April 25 and remains aggressive in mining expansions.
  • Upexi ($100M):
    Upexi closed a private placement selling over 43M shares and warrants at $2.28 each. Backed by GSR, Delphi Ventures, and Big Brain Holdings, Upexi will beef up its Solana treasury and reduce debt.
  • Alpaca ($52M):
    Alpaca’s Series C round attracted investors like Derayah Financial and Portage Ventures. The funds will fuel Alpaca’s global fintech expansion into the Middle East and Asia.
  • Nous Research ($50M):
    The Solana ecosystem AI and DeFi player pulled in $50M Series A funding led by Paradigm, bringing total funding to $70M.
  • Symbiotic ($29M):
    The Ethereum-based restaking platform scored $29M in Series A funding led by Pantera Capital, with heavyweights like Coinbase Ventures, Aave, and Polygon joining.
  • Theo ($20M):
    Theo secured $20M in a round backed by Hack VC, Anthos, and Manifold, though full details remain under wraps.

Other Notable Raises:

  • Analog: $15M
  • Arch Network: $13M
  • Tally: $8M
  • MagicBlock: $7.5M
  • Mask Network: $5M
  • Inco: $5M
  • Catalysis: $1.25M

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Anmol Khatiwada

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