Tech

Kalshi dominates with $1B investment, Kraken bags $200M

3 hours ago
Bitcoin Ethereum News

The week of November 16-22, 2025, recorded $1.42 billion in crypto VC funding across 16 projects.

Summary

  • Crypto VC funding hit $1.42B across 16 deals, led by Kalshi’s huge $1B raise.
  • Kraken added $200M at a $20B valuation, while Doppel raised $70M in Series C.
  • Smaller rounds included WizzWoods ($10M), Solomon Labs ($8M), and RateX ($7M).

As per the data, Kalshi’s $1 billion raise led this strong funding period that featured multiple nine-figure investments across trading platforms and infrastructure ventures.

Here’s a breakdown of this week’s crypto VC activity as per Cryptofundraising data:

Kalshi

  • Kalshi raised $1 billion in an unknown round
  • Fully diluted valuation of $11 billion
  • The investment was backed by Sequoia, CapitalG, and AI6Z
  • The regulated prediction market exchange has raised $1.52 billion so far

Kraken

  • Secured $200 million in an unknown round
  • Kraken has a fully diluted valuation of $20 billion
  • The investment was backed by Haun Ventures
  • Part of $800 million total fundraising across two tranches for global expansion

Doppel

  • Doppel raised $70 million in a Series C round
  • Investors include Bessemer Venture Partners, AI6Z, and South Park Commons
  • The AI-powered digital risk protection platform has raised $124 million so far

Obex

  • Obex bagged $37 million in an unknown round
  • Investment was backed by Framework, LayerZero Labs, and Sky

Deblock

  • Deblock raised $35 million in a Series A round
  • Investors include Speedinvest, Commerz Ventures, and Latitude
  • The crypto wallet has raised $63.81M so far

Numerai

  • Secured $30 million in a 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 so far

Projects Under $30 Million

  • WizzWoods, $10 million in a series A round
  • Solomon Labs, $8 million in a public sale with $20.64 million fully diluted valuation
  • RateX, $7 million in a strategic round
  • Immunefi, $5 million in a public sale with $133.70 million fully diluted valuation
  • HelloTrade, $4.6 million in a seed round
  • BOB (Build on Bitcoin), $4.2 million in a public sale
  • 0xbow, $3.5 million in a seed round
  • ZENi, $1.5 million in a seed round
  • Mu Digital, $1.5 million in an unknown round
  • Vooi, $1.25 million in a public sale

Read our last week’s crypto VC funding report from here.

Source: https://crypto.news/crypto-vc-funding-kalshi-dominates-1b-investment/