Week overview (Nov 30–Dec 6, 2025)
Total crypto VC funding for the week: $478.9 million across 18 deals. The largest item was Paribu’s acquisition of CoinMENA for up to $240 million, which dominated the period.
Top highlights
– Paribu / CoinMENA: Paribu acquired CoinMENA in a deal worth up to $240 million (M&A). CoinMENA has now raised $249.5 million to date.
– N3XT: $72 million raised in an undisclosed round. Backers include Paradigm, Hack VC, and Winklevoss Capital. N3XT provides programmable real-time settlement services.
– Canton Network (Digital Asset): $50 million strategic round with participation from BNY Mellon, iCapital, and Nasdaq. The public layer-1 has raised $447.2 million to date.
– Portal: $25 million in an undisclosed round; JTSA Global among backers. Bitcoin-based DEX; $117.5 million raised to date.
– Ostium Labs: $20 million Series A at a fully diluted valuation of $250 million. Investors include General Catalyst, Jump Trading, and Coinbase Ventures. Maker of the Ostium perpetual exchange.
– Fin (ex TipLink): $17 million in an undisclosed round. Backers include Pantera, Sequoia, and Samsung Next. Stablecoin-based, enterprise-grade payments platform.
– BitStack: $15 million Series A. French Bitcoin savings app backed by 13books, North Island Ventures, and Plug and Play.
Smaller rounds (under $15M)
– Zoo Finance (ex IndexZoo): $10 million (strategic round).
– Ranger: $6 million (public sale); $15.38 million fully diluted valuation.
– Axis: $5 million (private round).
– Altura: $4 million (seed round).
– Reya Network: $3 million (public sale); $150 million fully diluted valuation.
– TrueNorth: $3 million (pre-seed).
– DeepNode AI: $3 million (strategic round; $75 million FDV) and $2 million (seed; $25 million FDV).
– LayerBank: $2.3 million (pre-seed).
– Haiku: $1 million (pre-seed).
– Harmonix Finance: $600,000 (public sale); $25 million fully diluted valuation.
Summary
– Week total: $478.9M across 18 projects.
– Largest transaction: Paribu’s $240M acquisition of CoinMENA.
– Notable venture financings: N3XT ($72M), Canton Network ($50M), Portal ($25M), Ostium Labs ($20M), Fin ($17M), BitStack ($15M).
For context, compare this week’s figures with the previous week’s crypto VC funding report.