The second week of 2025 began with FTX EU selling to the Backpack worth $32.70 million. Total known investments amounted to approximately $189.96 million across various blockchain sectors.

Activity shows a steady inflow of capital in the early days of the new year. Week 2 funding numbers are about $100 million higher than Week 2 funding numbers First week $88 million.

The week's activity focused on centralized exchanges, AI integration, and infrastructure development, with projects at various stages attracting capital. Let's take a look at the main events of each Encrypted fundraising data.

Fox, $50 million

• It raised $50 million in an undisclosed round
• The investment was backed by Pinnacle Venture
• VOOX is building an AI-powered trading platform

VOOX Exchange, the AI-powered platform that knows you inside out, has secured a $50 million investment from... @VcPinnacle To revolutionize trade. 💡

What does this mean for you?

✅ Smarter AI tools to maximize your trades.

✅ Strong security for peace of mind.

✅ Faster and smoother... pic.twitter.com/TjfLGUCRRS

— PM Crypto (@CryptoPM_) January 11, 2025

FTX EU, $32.7 million

• FTX EU secured a $32.7 million M&A deal
• The project was acquired by Backpack
• FTX EU is the European arm of the cryptocurrency exchange

The backpack has obtained its FTX EU license and its MiFID II license.

Our first priority is to return all client funds in Euros on behalf of FTX, followed by the rollout of a full range of spot, margin and futures trading products.

Cryptocurrency trading returns to Europe 🇪🇺 pic.twitter.com/ExxYFufZHj

— Backpack 🎒 (@Backpack) January 7, 2025

OG Labs, $32.24 million

• It raised $32.24 million through public sale
• Combining Artificial Intelligence and Tier 1 Infrastructure
• OG Labs develops blockchain infrastructure tools
• The project has raised more than $107.24 million so far

EventFlow, $20 million

• Eventflo raised $20 million in an undisclosed round
• The project is supported by Rothman Management
• Eventflo works on payment, marketing and event operations solutions

SoSoValue, $15 million

• $15 million Series A raised with $200 million FDV
• SoSoValue is powered by HongShan, Mirana, and SafePal
• The project is building an analytics platform and has raised $19.15 million so far.

https://twitter.com/SoSoValueCrypto/status/1876997896803078208

Notable Crypto VC Funding Rounds Under $10 Million

• Nakamoto Games raised $10 million for P2E games on Polygon (Matic)
• Alpen Labs has secured $8.5 million in strategic funding
• Privasea raised $5.25 million Series A with $180 million FDV
• Superseed raised $4.47 million through the public sale
• ZKcandy has secured $4 million in seed funding
• Rena Labs has raised $3.3 million in seed funding
• Starpower raised $2.5 million in an undisclosed round
• Ooga Booga has raised $1.5 million in strategic funding
• BAD Coin raised $1.25 million through public sale with $12.50 million from FDV
• Enclave and Aligned Layer each raised $1 million
• Yiedl earned $735,000 in an undisclosed round
• Xterio raised $300,000 through a public sale for $0.04
• Primex Finance raised $50,000 through public sale
• Wise Monkey funding amount will be determined later