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%Cryptocurrency start-up companies are raising records amounts of capital amid a bull run in digital assets.

Small crypto start-ups have raised $36 million in the week ended Aug. 22, according to data from website DefiLlama.

That brings the total funding for crypto start-ups so far in 2025 to over $14 billion U.S., crushing 2024's total by more than $1 billion U.S.

Industry players have raised more than $4 billion U.S. in July and August of this year alone as investor appetite for digital assets and companies grows.

PitchBook forecasts that the crypto industry will raise $18 billion U.S. this year, which would be a record amount for the sector.

However, Galaxy Ventures and Codebase are even more bullish and expect crypto start-ups to raise as much as $25 billion U.S. for all of 2025.

Start-up companies that have raised millions of dollars in recent weeks include Cointel and Block Earner, among others.

Analysts say venture capital dollars are flowing into start-ups amid a bull run in cryptocurrencies such as %Bitcoin (CRYPTO: $BTC ) and %Ethereum (CRYPTO: $ETH ).

Start-ups are also attracting capital amid a wave of cryptocurrency initial public offerings (IPOs), with companies such as %Circle (NYSE: $CRCL ) and %Bullish (NYSE: $BLSH ) having recently gone public.

Bitcoin is currently trading at $112,000 U.S., having gained 20% on the year.