Encryption startup raised $214 million in a week, a16z crypto frequently invests.

Gate News bot message, according to data from DefiLlama, during the week when Bitcoin hit a historical high, venture capital firms invested $214 million in six projects, with the main financing transactions as follows:

Worldcoin completed a $135 million financing round, with the company raising the funds by selling WLD tokens to its early investors a16z crypto and Bain Capital Crypto.

Challenger Bank Slash has completed a $41 million Series B funding round, led by Goodwater Capital. This startup provides banking services to businesses such as marketing agencies and cryptocurrency companies.

Catena Labs completed a $18 million financing round, led by a16z crypto. Sam Neville, co-founder of stablecoin giant Circle, is also a co-founder of Catena Labs, a startup aiming to create an AI-native bank where all transactions are conducted by AI agents.

In addition, Theta Capital Management has completed fundraising for a blockchain investment fund of $175 million.

PitchBook expects that the funding for cryptocurrency projects will reach 18 billion USD this year, nearly double the average funding amount for 2023 and 2024.

Meanwhile, there is still plenty of “ammunition” in cryptocurrency venture capital funds. a16z( Andreessen Horowitz)'s crypto division raised up to $4.5 billion for its fourth fund in 2022, bringing its total financing amount to $7.6 billion, most of which has not yet been deployed.

Data shows that this week’s funding rounds in the cryptocurrency industry have pushed the total funding amount for 2025 to just below $7.7 billion, representing an 87% increase compared to 2024. Support from the Trump administration for the industry, along with expectations of interest rate cuts by the Federal Reserve, is driving this momentum.