Seven Biggest VC Crypto Raises Over The Past Few Months — Who Landed the Most Cash?

Key Takeaways

• VC enactment is rising successful crypto companies but remains acold beneath bull-market levels.

• Seven companies landed mega-rounds.

• |A much favourable U.S. regulatory situation and rising valuations are boosting confidence.

Crypto task superior (VC) concern has remained subdued successful the closing months of 2025, extending a two-year slump contempt rising integer plus prices and improving marketplace sentiment.

However, contempt marketplace caution, respective companies person precocious secured important backing for their aboriginal growth.

VCs invested $4.59 cardinal crossed 414 crypto-related deals during Q3, Galaxy information showed.

While that marked a quarter-on-quarter increase, enactment remained “depressed compared to anterior bull-market levels,” with allocators inactive cautious amid broader task pullbacks.

Later-stage companies absorbed 56% of deployed capital, continuing a 2025 inclination successful which growth-stage firms predominate dollar flows.

Meanwhile, early-stage dealmaking remained active, peculiarly successful infrastructure, AI-adjacent crypto tooling, and stablecoin-related fiscal exertion companies, the study stated.

London-based Revolut secured the quarter’s largest VC rise with a $1 cardinal investment, according to Galaxy.

The information comes arsenic the steadfast announced it had completed a stock merchantability valuing the institution astatine $75 billion.

Revolut said it had accelerated a bid of large enlargement milestones successful 2025, including gaining a banking incorporation licence successful Colombia.

“The level of capitalist involvement and our caller valuation bespeak the spot of our concern model, which is delivering some accelerated maturation and beardown profitability,” said Revolut CFO Victor Stinga.

The institution says its propulsion into caller cardinal markets is cardinal to its strategy to physique what it calls the world’s archetypal “truly planetary bank.”

Kalshi, a prediction-market operator, has secured astir $1 cardinal successful caller financing astatine a valuation of astir $11 billion, TechCrunch reported past week, citing idiosyncratic acquainted with the deal.

The backing comes little than 2 months aft the steadfast disclosed a erstwhile $300 cardinal superior rise that valued it astatine $5 billion, according to the report.

The latest circular was led by existing backers Sequoia and Alphabet’s maturation money CapitalG, the root told TechCrunch.

Other investors successful the institution see Andreessen Horowitz, Paradigm, Anthos Capital, and Neo.

In September, Crypto steadfast Kraken raised  $500 cardinal successful VC backing arsenic it continues to grow its merchandise suite and hole for nationalist markets.