The crypto venture capital landscape lit up during the week of November 16–22, 2025, with a massive $1.42 billion funneled into 16 blockchain and Web3 startups. The standout moment of the week came from Kalshi, which secured an eye-popping $1 billion, setting the tone for one of the strongest funding weeks of the year.
Below is a complete recap of the latest developments across major funding rounds and emerging crypto projects.
Kalshi Leads the Pack With a Record-Breaking $1B Raise
Prediction market exchange Kalshi dominated the week by securing $1 billion in an undisclosed round, pushing its fully diluted valuation to $11 billion. The raise attracted heavyweight backers including Sequoia, CapitalG, and AI6Z.
With this investment, Kalshi’s total historical fundraising now reaches $1.52 billion, solidifying its position as one of the industry’s most heavily funded platforms.
Kraken Nets $200M at a Massive $20B Valuation
Crypto exchange giant Kraken pulled in $200 million, backed by Haun Ventures, as part of a broader $800 million multi-tranche strategy aimed at global expansion.
The investment cements Kraken’s $20 billion fully diluted valuation, reinforcing its momentum as regulatory and scaling initiatives continue worldwide.
Doppel Raises $70M to Boost AI-Powered Digital Security
Cybersecurity startup Doppel completed a $70 million Series C, with participation from Bessemer Venture Partners, AI6Z, and South Park Commons.
With this latest round, Doppel’s total funding climbs to $124 million, fueling its mission to protect digital identities and brands through AI-driven risk detection.
Obex Secures $37M to Expand Web3 Infrastructure
Web3 infrastructure provider Obex raised $37 million in an unknown round, backed by key supporters such as Framework, LayerZero Labs, and Sky.
The funding positions Obex to accelerate development across blockchain connectivity and interoperability.
Deblock Bags $35M for Wallet Innovation
Crypto wallet platform Deblock closed a $35 million Series A led by Speedinvest, Commerz Ventures, and Latitude.
This brings its total funding to $63.81 million, signaling strong investor confidence in next-generation custody and user-focused crypto solutions.
Numerai Grabs $30M, Hits $500M Valuation
AI-powered hedge fund protocol Numerai secured $30 million in Series C funding from Union Square Ventures and Shine Capital.
The raise takes Numerai’s total investment to $51.5 million, accompanying its $500 million fully diluted valuation.
Emerging Crypto Projects Pull In Sub-$30M Rounds
A number of rising crypto ventures also clinched funding:
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WizzWoods – $10M (Series A)
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Solomon Labs – $8M (Public Sale) | FDV: $20.64M
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RateX – $7M (Strategic Round)
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Immunefi – $5M (Public Sale) | FDV: $133.7M
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HelloTrade – $4.6M (Seed)
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BOB (Build on Bitcoin) – $4.2M (Public Sale)
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0xbow – $3.5M (Seed)
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ZENi – $1.5M (Seed)
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Mu Digital – $1.5M (Undisclosed Round)
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Vooi – $1.25M (Public Sale)
Conclusion
The week showcased a vibrant surge of confidence from investors, with major nine-figure rounds setting the tone for the evolving crypto, AI, and Web3 landscape. Kalshi’s billion-dollar raise marks one of the sector’s most significant moments of the year, while a diverse range of emerging projects underline the continued expansion of innovation across the ecosystem.
