VC Roundup: Big money, few deals as crypto venture funding dries up
Crypto venture funding slowed in November, characterized by fewer deals but large capital raises for established firms.Summary
Venture capital funding in the cryptocurrency sector remained muted in November 2025, continuing a broader slowdown where deal activity is concentrated among a few large raises by established companies, mirroring trends from Q3. Figures from RootData showed only 57 disclosed funding rounds in November, one of the lowest tallies of the year, despite major rounds like Revolut's $1 billion raise. This low deal volume poses long-term risks, as investing during tough times often yields the best deals. The latest VC Roundup highlighted three specific deals: Ostium raised $24 million to scale its onchain perpetuals protocol for real-world assets; Axis raised $5 million for its onchain yield protocol; and PoobahAI secured $2 million in seed funding to expand its no-code platform for building tokenized Web3 networks and AI agents.
(Source：Cointelegraph)