Crypto VC Funding: Kalshi Dominates With $185m, Bit Digital Secures $150m

Crypto startups raised a hefty $739.5 million across 17 deals during the week of June 22–28, 2025, marking one of the sector’s strongest funding stretches in months, with infrastructure and institutional-focused projects leading the charge.

Topping the list was Kalshi, a regulated prediction market exchange, which closed a $185 million Series C round at a $2 billion valuation. Bitcoin miner Bit Digital followed with $150 million, while institutional blockchain platform Canton Network and DeFi firm World Liberty Financial secured $135 million and $100 million, respectively.

The week’s fundraising column, compiled with the help of Crypto Fundraising, highlights infrastructure and DeFi protocols, as well as renewed investor confidence in core blockchain services and institutional-grade products.

Kalshi

  • Kalshi raised $185 million in a Series C round with a fully diluted valuation of $2 billion.
  • Paradigm, Sequoia, and Multichain Capital participated in the effort.
  • Kalshi has raised a total of $215.15 million so far.

Bit Digital

  • Bit Digital secured $150 million.
  • The company focuses on Bitcoin mining across Canada, the U.S., and Iceland.

Canton Network (Digital Asset)

  • Canton Network collected a $135 million in an unknown round, bringing funds to $397.2 million.
  • The investors include DRW Venture Capital, Tradeweb, and BNP Paribas.
  • Canton Network is a public Layer-1 blockchain especially for institutional finance.

https://twitter.com/CantonNetwork/status/1937442854005035141

World Liberty Financial

  • World Liberty Financial gathered $100 million in an unknown round, bringing total funds to $715 million.
  • WLFI token focus on DeFi, Ethereum Ecosystem, Lending/Borrowing, and yield aggregators.
  • Aquant participated in the latest investment.

Zama

  • Zama now has $130 million in funds, thanks to the latest $57-million Series B investment.
  • The startup has a fully diluted valuation of $1 billion.
  • The latest round included investors Pantera and BlockChange. The project is operating in the infrastructure and Privacy sectors and focuses on state-of-the-art Fully Homomorphic Encryption (FHE) solutions.

Niural

  • Niural, an AI-native Professional Employment Organization (PEO) and HR platform, nabbed $31 million in a Series A round.
  • The latest investment was backed by Marathon Digital, M13, and Inspired Capital.

https://twitter.com/niuralHQ/status/1937874749516116451

Projects < $30 million

RECENT NEWS

Kraken's Owner Buys A Bank: The Lines Are Blurring

Payward, the parent company of the crypto exchange Kraken, has agreed to buy a European bank. It would be the first digi... Read more

Crypto Vaults: Big Money, Thin Protection

Anyone who has spent time around financial markets will recognise the pattern. A new product appears, the yields look ir... Read more

Major Players In Crypto Hacked

Crypto's Billion-Dollar Blind Spot: Inside the Bitget Heist and the Revolut Extortion Plot Read more

Circle Wins Landmark US Banking Licence

Circle Internet Group has finally secured the regulatory prize it has been chasing for more than a year, with Read more