Crypto Fundraising Surges 21% in October as 75 Startups Bag Deals Worth $4.56B

Crypto Fundraising saw a significant uptick in October 2025 as venture capital funds pour over $4.56B into crypto startups.

According to Rootdata statistics, seventy-five startups secured funding across 75 publicly disclosed rounds, totaling $4.556 billion. This marked a 21% increase in deal volume compared to September’s 62 rounds.

The month-over-month fundraising amount decreased 11% from September’s $5.122 billion. However, year-on-year comparisons revealed dramatic growth. October 2025’s total represented a 484% surge over October 2024’s $780 million.

VC Monthly Report in October: there were 75 crypto VC funding deals, representing a 21% increase month-over-month but a 25% decrease year-over-year. The total funding amount reached $4.56 billion, down 11% from the previous month but up 484% year-over-year. Read more… pic.twitter.com/oROrJPiGmc

— Wu Blockchain (@WuBlockchain) November 4, 2025

Deal volume told a different story when viewed annually. The 75 rounds represented a 25% decline from October 2024’s 100 transactions. RootData, which compiled the statistics, noted that figures may increase as delayed announcements emerge.

CeFi and DeFi Dominate Crypto Fundraising Allocation

Centralized finance platforms captured the largest share of October crypto fundraising. CeFi projects accounted for approximately 26.7% of all deals. Decentralized finance followed with 18.7% of the total.

Artificial intelligence-focused crypto projects secured roughly 20% of October’s funding rounds. Real-world assets and decentralized physical infrastructure networks combined for approximately 12% of deals.

Tool and wallet development projects comprised 10.7% of the funding landscape. NFT and GameFi initiatives represented about 8%, while Layer 1 and Layer 2 blockchain solutions secured just 4%.

Meanwhile, ICE, the parent company of the New York Stock Exchange, deployed $2 billion into prediction market platform Polymarket. The investment valued Polymarket at $8 billion and established ICE as its global data distributor.

Tempo, backed by Stripe, raised $500 million in a Series A round at a $5 billion valuation. The blockchain startup focuses on building stablecoin payment infrastructure.

Galaxy Digital secured $460 million to finance its Texas-based Helios data center operations. Meanwhile, major exchange Coinbase acquired Echo for $375 million, marking its eighth acquisition of 2025.

Prediction market platform Kalshi closed a round exceeding $300 million at a $5 billion valuation. Sequoia Capital and Andreessen Horowitz led the investment.

DDC Enterprise raised $124 million, expanding its Bitcoin treasury to 1,058 BTC. Greenlane Holdings completed a $110 million round led by Polychain Capital for BERA liquidity operations.

Source: WuBlockchain

Kraken’s parent company Payward acquired Small Exchange from IG Group for $100 million. Meanwhile, a bitcoin life insurer regulated by the Bermuda Monetary Authority raised $82 million for its Bitcoin-backed life insurance business.

Daylight Energy secured $75 million to expand its cryptocurrency-powered solar energy network. These ten deals collectively represented the majority of October’s total capital raised.

Crypto fundraising Recovery kicked off in 2024

The crypto fundraising landscape has shown consistent recovery throughout 2024. By July 30, 2024, $2.2 billion had been raised across 24 funds, positioning the year to surpass 2023’s total.

The broader crypto market reached 93% of its previous cycle’s peak market capitalization in March 2024. Traditional financial institutions including BlackRock, Fidelity Investments, and Franklin Templeton increased crypto adoption.

Projects funded during the 2020-2022 boom period have entered more advanced development stages. This maturation created more attractive investment opportunities for venture capital firms.