Crypto VC Funding: Polymarket dominates with $2b investment, Kalshi raises $300m

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Crypto investors infused fresh capital into innovative blockchain ventures this week, despite market volatility keeping traders on edge.

Summary

Crypto funding reached $3.19B across 20 projects in the week of Oct. 5-11, 2025.
Polymarket led with a $2B raise at a $9B valuation backed by ICE investment.
Kalshi secured $300M with backing from Sequoia, AI6Z, and Paradigm investors.

Polymarket and Kashi emerged as standout deals from Oct. 5-11, signaling growing institutional interest in decentralized prediction markets.

Some 20 companies secured nearly $3.2 billion in crypto funding, including those that specialize in derivatives, asset management, and even Bitcoin-backed life insurance.

Here’s a breakdown of this week’s top announcements, according to Crypto Fundraising data:

Polymarket

Intercontinental Exchange (ICE) invested $2 billion in Polymarket, valuing the decentralized prediction-market platform at $8 billion pre-investment. It also gained exclusive global rights to distribute Polymarket’s event-driven probability data to institutional clients.
Polymarket CEO Shayne Coplan called the deal a milestone for bringing prediction markets into the financial mainstream.
The investment follows Polymarket’s return to the U.S. market after overcoming regulatory challenges, including the acquisition of QCX to reestablish domestic operations and the addition of Donald Trump Jr. to its advisory board.

We are excited to announce that Intercontinental Exchange (ICE) — the parent company of @NYSE, is making a $2b strategic investment at a $9b post-money valuation.

Together, we’re building the next evolution of markets.

A special thank you to all those who have supported us… pic.twitter.com/y7Z3koj3IU

— Polymarket (@Polymarket) October 7, 2025

Kalshi

Kalshi secured $300 million in fresh funding at a $5 billion valuation, doubling its worth since June.
The platform now leads global prediction markets with over 60% share and $50 billion in annualized trading volume.
Expansion into 140 countries positions Kalshi as a global force amid growing interest in real-world betting.

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DDC Enterprise

DDC Enterprise Ltd. secured $124 million in equity financing at $10 per Class A share, a 16% premium to its Oct. 7 closing price.
The round was led by PAG Pegasus Fund and Mulana Investment Management, with participation from OKG Financial Services and DDC CEO Norma Chu, who personally invested $3 million.
The capital will advance DDC’s Bitcoin treasury strategy.

We are excited to share our $124M equity raise, with participation from PAG Pegasus Fund and @Mulana_IM — two premier partners who share our conviction in the future of corporate Bitcoin treasuries.

Founder @ddcnorma also investing $3M personally, reinforcing long-term… pic.twitter.com/6UAFBinp8E

— ddcbtc (@ddcbtc_) October 8, 2025

Meanwhile

Meanwhile, touted as the first regulated Bitcoin life insurer, raised $82 million in a funding round co-led by Bain Capital Crypto and Haun Ventures, with participation from Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark.
The funding will expand global access to Bitcoin-denominated life insurance, annuities, savings, and insurance bonds, helping policyholders hedge against inflation and currency risk.
Meanwhile, regulated by the Bermuda Monetary Authority, has seen over 200% growth in Bitcoin assets under management. Its total funding in 2025 is around $122 million. It previously raised a $40 million in a Series A co-led by Framework Ventures and Fulgur Ventures.

Announcing $82M in new funding co-led by @HaunVentures & @BainCapCrypto.

This brings our total 2025 funding to $122M, following our $40M Series A earlier this year.

The funding accelerates our expansion of BTC linked savings & retirement products for institutions, globally. pic.twitter.com/xbdvYycCYk

— meanwhile | Bitcoin Life Insurance (@meanwhilelife) October 7, 2025

Amdax

Amdax, a Dutch crypto service provider, raised €30 million ($35 million) in a funding round to launch Amsterdam Bitcoin Treasury Strategy.
The firm aims to accumulate up to 210,000 BTC, potentially becoming the second-largest corporate Bitcoin holder after MicroStrategy

Bee Maps

Bee Maps secured a Series A funding round led by Pantera Capital to scale its AI-powered decentralized mapping network on Hivemapper.
Funding will boost dashcam deployment, AI model upgrades, and HONEY token rewards.
The company introduced a new $19 monthly Bee Membership plan to replace upfront hardware costs, expanding accessibility to contributors.

We raised $32M to scale the next gen of AI-powered mapping 🐝

$19/mo Bee Device now live — LTE, camera, Fleet AI.

With VW, Lyft, NBC & more, demand’s soaring — now we scale supply.

Get your device now: https://t.co/gEvKyZRL2X
Official announcement: https://t.co/E6lywwEpeg https://t.co/6fbejwLpin

— Bee Maps (@TryBeeMaps) October 6, 2025

Projects < $30 Million

Coinflow, $25 million in a Series A round
Anthea, $22 million in a Series A round
CipherOwl, $15 million in a Seed round
TransCrypts, $15 million in a Seed round
Block Street, $11.5 million in an Unknown round
Grass, $10 million in an Unknown round
Falcon Finance, $10 million in an Unknown round
NebX, $6 million in an Unknown round
Agio Ratings, $6 million in an Unknown round
Crunch Lab, $5 million in an Unknown round
375ai, $5 million in an Unknown round
Lab, $5 million in an Unknown round
Rhuna, $2 million in a Seed round
Limitless, $1 million in a Public sale

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