Funded Blockchain and Cryptocurrency Startups in Paris
Paris's Ile-de-France blockchain and cryptocurrency sector has produced consistent deal flow across a range of stages, with the 15 most recent tracked roun…
Paris's Ile-de-France blockchain and cryptocurrency sector has produced consistent deal flow across a range of stages, with the 15 most recent tracked rounds spanning from Waltio's $2M seed in November 2023 through Kriptown's undisclosed close in August 2025. The largest disclosed raise in the dataset is Morpho Labs' $50M round in August 2024, followed by Hexa's $32M in March 2025 and Spiko's $22M Series A in July 2025. Round classification skews toward "Series Unknown" — seven of 15 entries carry that label — while five companies closed at seed stage and three at Series A.
Q4 2024 stands out as the most compressed burst of activity: Usual Labs, Dfns, Bitstack, and Billy all closed rounds between November 5 and December 23, 2024, collectively raising $35M. The pace carried into 2025, with five rounds recorded through early August of that year alone, including pre-seed entry Byzantine Finance ($3M, February 2025) and ULTRA's $12M Series Unknown in April 2025.
Most recent rounds
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Frequently asked
What are the largest disclosed rounds among Paris blockchain and cryptocurrency startups in this list?
Morpho Labs leads with a $50M Series Unknown round closed in August 2024, followed by Hexa at $32M in March 2025 and Spiko's $22M Series A in July 2025. Dfns ($16M, December 2024) and Crypto Blockchain Industries ($14M, June 2024) round out the top five disclosed raises.
Which funding stages appear most often in this Paris blockchain dataset?
Seven of the 15 rounds are classified as Series Unknown, making it the most common designation. Seed rounds account for five companies — Bitstack, Billy, Bolero, Ouinex, and Waltio. Series A appears three times (Spiko, Dfns, Usual Labs), and Byzantine Finance is the sole Pre-Seed entry at $3M.
Was there a notable clustering of deal activity in any specific period?
Q4 2024 saw four closings compressed into seven weeks: Billy ($4M seed, November 5), Bitstack ($5M seed, December 12), Dfns ($16M Series A, December 18), and Usual Labs ($10M Series A, December 23). No other comparable burst appears in the dataset.
Which companies raised Series A rounds, and when?
Three companies closed Series A rounds: Spiko ($22M, July 2025), Dfns ($16M, December 2024), and Usual Labs ($10M, December 2024). Dfns and Usual Labs closed within five days of each other in late December 2024.
How does deal activity in 2025 compare to 2024 based on these 15 rows?
Eight rounds fall in 2024 and six in 2025 (through August 4), with one — Waltio's $2M seed — in November 2023. The 2025 rounds disclosed so far total approximately $76M across five companies with known amounts, while 2024's eight rounds total roughly $105M across seven disclosed deals.
What is the geographic concentration of these companies within France?
All 15 companies are headquartered in Paris, Ile-de-France, with no recorded rounds from other French cities in this dataset. The concentration suggests Paris remains the primary hub for French blockchain venture activity at least through mid-2025.
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