Crypto VC funding: Bitdeer raises $179m, Upexi bags $100m

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The crypto funding sector saw major activity this week with total investments reaching $470.75 million from April 20-26.

Bitdeer Technologies Group secured the largest amount of financing, while several other blockchain and crypto projects also raised capital across various sectors.

Here’s a detailed breakdown of the major funding rounds that closed this week, per Crypto Fundraising data:

Bitdeer, $179 million

Bitdeer raised $179 million in loans and equity, according to The Miner Mag.
The Singapore-based technology company specializing in blockchain and high-performance computing.
The investment was backed by Matrixport (founded by Bitdeer Chairman Jihan Wu).
As of Friday, April 25, Bitdeer held 1,234.4 Bitcoin (BTC), produced 39.3 BTC, and sold 17.0 BTC.

Upexi, $100 million

Upexi closed a private placement deal, selling 35.97 million shares and 7.89 million pre-funded warrants at $2.28 each.
The project focus areas include finance, portfolio management, and Solana (SOL).
GSR led the investment, joined by top crypto VCs like Big Brain Holdings, Delphi Ventures, and others, along with notable angels. Upexi plans to use $5.3 million for working capital and debt reduction, with the rest allocated to building its Solana treasury and accumulating Solana (SOL).

Alpaca, $52 million

Alpaca raised $52 million in a Series C round
This round saw participation from new and returning investors, including Derayah Financial, 850 Management, National Investments Company (NIC), Unbound, and Portage Ventures.
The funding is expected to help Alpaca pursue continued global expansion, serving enterprise institutions and fintech in key regions like the US, the Middle East, and Asia.

Announcing our $52 million Series C raise! 🎉

2024 was a landmark year for Alpaca. We launched several key products including US options trading, High-Yield Cash, IRA accounts, and FIX API, as well as became a self-clearing broker-dealer with DTCC.

This round of funding… pic.twitter.com/Sv0c0DTUKc

— Alpaca (@AlpacaHQ) April 23, 2025

Nous Research, $50 million

The startup gathered $50 million in a Series A round led by Paradigm, according to Fortune.
Nous Research focuses on artificial intelligence, DeFi, and infrastructure within the Solana Ecosystem.
The project has raised $70 million so far.

Symbiotic, $29 million

Crypto staking protocol Symbiotic clinched $29 million in a Series A funding round led by Pantera Capital.
Symbiotic, whose permissionless restaking platform went live on Ethereum (ETH) in January, announced the milestone on April 23.
The funding round also attracted the backing of Coinbase Ventures as well as angel investors, including Aave (AAVE), Polygon (POL) and StarkWare among others.