Hong Kong Cyberport Enterprises Secure HK$3.4 Billion in Latest Funding Round, Cumulative Financing Reaches HK$46 Billion
## Executive Summary
Hong Kong's **Cyberport** community of startups and technology companies has successfully raised nearly **HK$3.4 billion (US$437.3 million)** in the period from October 2024 to September 2025. This latest funding round elevates the cumulative fundraising total for **Cyberport** enterprises to **HK$46 billion (US$5.9 billion)**. The majority of these investments are concentrated within the **artificial intelligence (AI)**, **blockchain**, and **digital asset** sectors.
## The Event in Detail
Between October 2024 and September 2025, **Cyberport** companies demonstrated significant fundraising capabilities, amassing approximately **HK$3.4 billion**. This performance contributes to a cumulative total of **HK$46 billion** in financing for companies within the **Cyberport** ecosystem. Several entities have completed large-scale financing rounds, including **Klook**, **Bowtie**, **KPay**, **KUN**, **Hashkey Group**, **DigiFT**, **LeapXpert**, and **Animoca Brands**.
During the same period, **Cyberport** welcomed **10 newly listed companies**, such as **Minglue Technology**, **Yunjie Technology**, and **iFlytek Medical**. Furthermore, two unicorn companies, **Qiangnao Technology**, valued at **US$1.3 billion**, and **Langchao Cloud**, valued at **US$2.5 billion**, have established their presence within **Digital Port**. The **Web3Hub@Cyberport** has been instrumental in attracting approximately **230 Web3.0 companies** from over **15 countries and regions**, including established unicorns like **Animoca Brands**, **HashKey**, and **CertiK**, which specialize in blockchain gaming, digital asset financial services, and blockchain cybersecurity, respectively.
## Market Implications
These fundraising figures underscore **Hong Kong's** growing prominence as a hub for **AI**, **blockchain**, and **digital asset** innovation. The sustained investment in these sectors within **Cyberport** suggests a strategic alignment with global technological trends. Globally, **AI** continues to dominate venture funding, with **US$59.6 billion** invested in Q1 2025, representing **53%** of total global funding. Concurrently, **blockchain** and **crypto** startups raised **US$4.8 billion** in Q1 2025, marking the strongest quarter since late 2022 and equaling **60%** of the total venture capital in 2024. This trend, however, contrasts with broader **Web3.0** equity funding, which saw a **39.9% drop** in 2025 (US$3.09 billion across 242 rounds) compared to 2024 (US$5.14 billion across 655 rounds) for the period up to September.
The activity within **Cyberport** also reflects a broader institutional and market maturation in the digital asset space. **Gemini**, a cryptocurrency exchange, has filed for an IPO under the proposed ticker **GEMI**, while **Figure Technology Solutions Inc.** successfully completed its IPO and now trades under **FIGR** on Nasdaq. These developments signal increased mainstream integration and potential for further public market participation from digital asset firms.
## Broader Context
While the growth in **AI**, **blockchain**, and **digital assets** is evident, the sector faces ongoing challenges, particularly concerning investor protection and regulatory scrutiny. For the third consecutive year, digital assets and cryptocurrencies were identified as the leading threat to investors, largely due to schemes such as "pig butchering scams." In 2024, state regulators initiated **463 investigations** involving digital assets and **175** related to social media fraud. The rapid advancements in **artificial intelligence tools** and increased reliance on social media are noted as contributing factors to the proliferation of such fraudulent activities.
Despite these concerns, innovation continues within the crypto sphere, with projects like **EtherFi** and **Folks Finance** planning significant developments in the near future. **EtherFi** is concluding a governance vote on a **US$50 million** buyback proposal, and **Folks Finance** is set to launch its **FOLKS** token. This dual narrative of significant investment and persistent regulatory and security challenges defines the current landscape of the digital asset and blockchain industries.
