During the week of November 16-22, 2025, $1.42 billion in crypto VC funding was recorded across 16 projects.
summary
- Cryptocurrency VC funding reached $1.42 billion across 16 deals, led by Kalsi's massive $1 billion raise.
- Kraken added $200 million at a $20 billion valuation, and Doppel raised $70 million in Series C.
- Smaller rounds included WizzWoods ($10 million), Solomon Labs ($8 million), and RateX ($7 million).
Kalsi's $1 billion raise led a strong funding period that saw multiple nine-figure investments across trading platforms and infrastructure ventures, according to the data.
Here's a breakdown of this week's crypto VC activity, according to crypto fundraising data:
Karushi
- Kalsi raises $1 billion in unknown round
- Fully diluted valuation of $11 billion
- The investment was backed by Sequoia, CapitalG and AI6Z.
- Regulated prediction market exchange has raised $1.52 billion to date
kraken
- Secured $200 million in unknown round
- Kraken's fully diluted valuation is $20 billion.
- This investment was supported by Haun Ventures
- Part of $800 million in total funding in two tranches for global expansion
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double
- Doppel raises $70 million in Series C round
- Investors include Bessemer Venture Partners, AI6Z, and South Park Commons
- AI-powered digital risk protection platform has raised $124 million to date
obstacles
- Obex raises $37 million in unknown round
- Investment was supported by Framework, LayerZero Labs and Sky
1/ Officially raised $37 million in a round led by @hiFramework, @LayerZero_Core, and @SkyEcosystem.
Sky will also commit $2.5 billion to projects driven by Obex.
Our mission is to provide funding to teams to launch innovative, yield-seeking stablecoin projects on Sky.
🧵👇 pic.twitter.com/2mjYMRLvGy
— Obex (@obexincubator) November 18, 2025
unblock
- DeBlock raises $35 million in Series A round
- Investors include Speedinvest, Commerz Ventures, and Latitude
- Cryptocurrency wallet has raised $63.81 million to date
Today, we are pleased to announce a €30 million Series A funding round.
With this round led by @speedinvest and supported by existing investors Shapers, @HeadlineVC, Chalfen Ventures, and @triton_xyz (formerly Kraken Ventures), along with @commerzventures and Latitude, we… pic.twitter.com/4nn3oVWjYi
— Deblock (@DeblockApp) November 19, 2025
you number
- Secured $30 million in Series C round
- Numerai has a fully diluted valuation of $500 million
- Investment was backed by Union Square Ventures and Shine Capital
- The project has raised $51.5 million to date
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Projects under $30 million
- Withwoods, $10 million in Series A round
- Solomon Institute to sell for $8 million, fully diluted valuation of $20.64 million
- RateX raises $7 million in strategic round
- Immunefi in $5 million public sale at fully diluted valuation of $133.7 million
- HelloTrade raises $4.6 million in seed round
- BOB (built with Bitcoin), $4.2 million in public sale
- 0xbow raises $3.5 million in seed round
- ZENi raises $1.5 million in seed round
- Mu Digital raises $1.5 million in unknown round
- Booey sells for $1.25 million
Read last week's crypto VC funding report here.
