Top 5 Blockchain Funding Rounds of June

  • $600M — Lion Group: Hong Kong-based fintech Lion Group secured $600 million via debt financing in a post-IPO round led by ATW Partners. Funds will be channeled into treasury strategies built on Hyperliquid (HYPE), Solana (SOL), and Sui (SUI).
  • $425M — SharpLink: This project closed a major private round led by Consensys, with numerous institutional and angel investors joining. Capital will be allocated to create an Ethereum reserve.
  • $250M — BitMine: Institutional bitcoin mining platform BitMine raised $250 million in an equity sale spearheaded by MOZAYYX, with participation from Founders Fund, Pantera, and others. Proceeds are earmarked for purchasing Ethereum (ETH) as a primary reserve asset.
  • $220M — Hut 8: The bitcoin mining heavyweight announced a $220 million post-IPO equity round to bolster its bitcoin reserves and fund infrastructure upgrades.
  • $176.5M — Scalable Capital: German fintech Scalable Capital secured €155 million ($176.5 million) in a round co-led by Sofina and Noteus Partners, with Balderton Capital, Tencent, and HV Capital participating. Funds will support scaling and product launches.

Notable Rounds with Undisclosed Terms

Several projects reported undisclosed rounds in June, including ThermAI, Orionx, YZi Labs, Momentum, Shiga Digital, Quranium, Burstverse, Hyperion, Reveel, Football.Fun, World of Dypians, MWX, Byreal, Rodeo, U2U Network, Hivemapper, Trusta.AI, CodexField, MEET48, and ASX Capital.

AI Funding: Scale AI Headlines with $14.3 Billion

  • $14.3B — Scale AI: Leading data and AI model evaluation provider Scale AI landed a transformative investment at a $29 billion valuation, anchored by Meta. The deal cements commercial ties and will see founder Alexandr Wang work on Meta’s core AI initiatives.
  • $2B — Thinking Machines Lab: AI startup led by ex-OpenAI CTO Mira Murati raised $2 billion at a $10 billion valuation, led by Andreessen Horowitz. According to Crunchbase, this is the largest seed round in US history.
  • $300M — Abridge: AI-powered clinical documentation platform Abridge closed a Series E at a $5.3 billion valuation, with Andreessen Horowitz and Khosla Ventures among backers.
  • $150M — Glean: Workplace AI assistant Glean secured Series F funding at a $7.2 billion valuation, led by Wellington Management. This follows a $260 million Series E just nine months earlier.
  • $131M — Decagon: Agent-based AI platform Decagon raised $131 million in a Series C led by Accel and Andreessen Horowitz, hitting a $1.5 billion valuation.

Key Funding Dynamics and Segment Trends

The most active investment window was June 14–21, with $894.2 million deployed, largely driven by Lion Group’s $600 million round. During this period, 31 projects received capital, with investors focusing on blockchain infrastructure and services.

In the final days of June, another 10 projects disclosed new investments:

  • $150M — Bit Digital: Crypto and AI infrastructure firm Bit Digital secured capital to pivot towards Ethereum accumulation, ending its bitcoin mining operations (undisclosed round structure).
  • $40M — OpenRouter: AI model aggregator OpenRouter, founded by OpenSea’s Alex Atallah, raised a combined seed and Series A led by Andreessen Horowitz and Menlo Ventures, with Sequoia Capital and notable angel investors also participating.
  • $18M — Cicada: DeFi platform on BNB Chain raised $18 million via public token sale.
  • $9.69M — BACKSEAT: Japan-based crypto trading platform BACKSEAT secured a $9.69 million seed round led by East Ventures, Headline, and Spiral Capital.
  • $5M — Jarsy: Blockchain-based marketplace Jarsy closed a pre-seed round with backing from Breyer Capital, Nathan McCauley, Evan Cheng, Richard Liu, and Karman Ventures.
  • $5M — Spekter Games: New-gen game publisher Spekter Games landed a $5 million pre-seed round from a16z speedrun, Alumni Ventures, Accelerator Ventures, and others.
  • $4M — Datagram: Avalanche-based decentralized real-time comms platform Datagram closed a pre-seed round led by Animoca Brands, Amber Group, Blizzard Fund, Cointelegraph, and Aquanow.
  • $2.1M — InshAllah: Sharia-compliant DeFi services provider InshAllah raised $2.1 million in a pre-seed round with Alliance DAO and other leading funds.
  • $1M — Byzanlink: RWA tokenization platform Byzanlink attracted $1 million in a round featuring Outlier Ventures, Sensei Capital, and multiple angels and programs.
  • $1M — Castle: SME-focused bitcoin accumulation automation platform Castle secured $1 million from Boost VC, Winklevoss Capital, Epoch VC, and Park Rangers Capital.

Weekly Investment Breakdown

  • June 1–7: 14 projects raised $676.7M, led by SharpLink and Scalable Capital.
  • June 7–14: 15 projects attracted $172.8M, with Hypernative and Turnkey leading.
  • June 14–21: 31 projects netted $894.2M, led by Lion Group, EigenLabs, and Yupp.
  • June 21–28: 17 projects raised $423.1M, led by Digital Asset, World Liberty Financial, and Zama.

Investors and Segmentation

According to CryptoRank, June’s most active backers were Coinbase Ventures (9 deals), Pantera Capital (7), and Galaxy (5). Capital flowed across blockchain services, infrastructure, DeFi, CeFi, and GameFi segments—reflecting a broad thematic appetite for disruptive technologies. By comparison, May saw 89 projects close investment rounds, with 68 companies receiving over $757 million.