Crypto VC funding: Figure leads with $200m raise, Ethena Labs nabs $100m

The final week of February 2025 saw Figure secure $200 million for its asset management platform.

Crypto.news collected data from Crypto Fundraising and discovered that the week’s funding reached nearly $500 million across multiple sectors. There were major investments targeting DeFi infrastructure and asset management solutions; here they are:

Figure, $200 million

  • Raised $200 million in an unknown round
  • Backed by Sixth Street Partners
  • Figure is building asset management and banking solutions
  • The project has raised $1.72 billion so far

Ethena Labs, $100 million

  • Secured $100 million in private funding
  • Backed by Franklin Templeton, Polychain Capital, and Pantera
  • It received an…

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