The week of October 12-18, 2025, saw $1.059 billion in crypto funding across 22 projects, with Tempo’s $500 million Series A round leading the pack.
Summary
- Tempo raised $500M in Series A, valuing its Layer 1 at $5B.
- Kraken acquired SMALL exchange for $100M.
- Total crypto funding reached $1.06B across 22 projects.
Payment infrastructure and trading platforms dominated VC funding this week.
Here’s a list of this week’s crypto funding activity according to Crypto Fundraising data.
Tempo
- Tempo, a payments-first Layer 1 blockchain, raised $500 million in a Series A round
- The project now has a fully diluted valuation of $5 billion
- Tempo’s backers include Grey Wolf, Thrive Capital and Sequoia.
SMALL Exchange
- Kraken acquired SMALL Exchange for $100 million.
- The deal enables the startup to offer regulated crypto derivatives onshore.
- It builds on earlier acquisitions like NinjaTrader and Crypto Facilities.
Daylight Energy
- Raised $75 million in an Unknown round
- Investors include Framework, Turtle Hill Capital, and AI6Z
- Daylight Energy has raised $88 million so far
We’ve raised $75M to build the decentralized energy network powering the world’s most important commodity: electricity.
This funding helps us move faster toward an electric grid that delivers what the old one no longer can:
affordability, reliability, and abundant power.
pic.twitter.com/Jk8fIlSQko— Daylight (@daylightenergy_) October 16, 2025
Jito
- ai16z invested $50 million in Jito
- Jito is a liquid Solana staking protocol
Better Payment Network (BPN)
- Better Payment Network raised $50 million in a Seed round
- Investors include YZiLabs
- The project is a blockchain-native cross-border payments and FX protocol
Projects under $50 million
- Telcoin, $25 million in a Series A round
- Tria, $12 million in a Pre-seed round
- Inference, $11.8 million in a Seed round
- TAO Synergies Inc.
(ex Synaptogenix), $11 million in an Unknown round - DSRV, $9.57 million in a Series B round
- Crown (BRL), $8.1 million in a Seed round
- Orochi Network, $8 million in an Unknown round
- 4AI, $6 million in a Strategic round
- Temple, $5 million in a Seed round
- Ryder, $3.2 million in a Seed round
- Voyage, $3 million in a Pre-seed round
- CryptoMesh, $2.5 million in a Series A round
- 375ai, $2 million in a Public sale with $75 million fully diluted valuation
- Octra, $2 million in a Public sale
- Dare Market, $2 million in an Unknown round
- Legend Trade, $1.5 million in a Pre-seed round
- Seer, $300,000 in a Private round
