Weekly Raise
- Crypto raised $155 million this week.
- The industry is on track to raise $18 billion in funding in 2025.
- A16z crypto has injected a tenth of the funding this year.
This week, Andreessen Horowitz’s crypto fund backed its 29th crypto deal of the year.
The venture capital giant’s crypto arm, known as a16z crypto, backed both EigenLayer and PrismaX’s rounds.
The deals topped up $928 million a16z crypto has deployed in the crypto sector this year. That’s about a tenth of the total VCs have invested in crypto startups in 2025, according to DefiLlama data.
The venture capital firm’s investment came as the overall industry received $155 million across 15 deals between June 14 and 20.
That brings the total money injected into the industry to almost $9.4 billion, just $200 shy of the total raised in 2024 and on course to meet analyst expectations of it hitting $18 billion this year.
Here are the three biggest funding rounds of the last week:
EigenLayer, $70 million
On Wednesday, Eigen Labs, the engineering and research organisation behind the popular Ethereum restaking protocol EigenLayer, raised $70 million.
The raise took the form of a token purchase from a16z crypto. The deal follows its previous backing of Eigen Labs’ $100 million Series B round in February 2024.
PrismaX, $11 million
On Wednesday, PrismaX announced that it had raised $11 million in a seed round led by a16z, Crunchbase reported.
Other investors included Volt Capital, Virtuals Protocol, Symbolic Capital, Stanford Blockchain Accelerator, and Blockchain Builders Fund.
The startup is building a decentralised data incentive mechanism to promote the standardisation of robotics vision data and the development of remote control infrastructure.
Gradient Network, $10 million
Also on Wednesday, Gradient Network announced the completion of a $10 million seed round.
Pantera Capital and Multicoin Capital led the raise and HSG (formerly Sequoia Capital China) and “other distinguished partners,” also participated in the raise according to a press release.
Gradient is building a decentralised AI infrastructure for open-source intelligence.
You’re reading the latest installment of The Weekly Raise, our column covering fundraising deals across the crypto and DeFi spaces, powered by DefiLlama.
Eric Johansson is DL News’ News Editor. Got a tip? Email at eric@dlnews.com.
