Switzerland’s Crypto Valley raised $728 million across 31 deals in 2025, capturing nearly half of Europe’s blockchain venture funding as large deals drove growth.
The total marked a 37% increase from $531 million in 2024, outpacing global blockchain funding growth of 30%, which reached $15.5 billion across 986 deals.
“Nearly half of all European blockchain investment is now flowing into Crypto Valley,”
Said Crypto Valley founder and CEO Mathias Ruch, calling it a sign of a “maturing ecosystem.”
A single $400 million raise by The Open Network accounted for more than half of Crypto Valley’s total funding, highlighting a shift toward fewer but larger deals.
Other notable raises included Sygnum Bank at $58 million and M0 at $40 million, alongside infrastructure and decentralised finance projects.
Despite higher capital inflows, deal volume declined, reflecting a more selective investment environment also seen globally as funding concentrates into larger transactions.
Crypto Valley now hosts 1,766 blockchain companies, though its number of unicorns fell to 10 from 17 as weaker market conditions pushed several projects below the $1 billion valuation threshold.