Polymarket and Kashi Take Center Stage
This week, crypto investors funneled new capital into innovative blockchain projects, despite the market volatility that left traders on edge.
Summary
- From October 5-11, 2025, the crypto funding aggregate reached $3.19 billion across 20 projects.
- Polymarket led with a $2 billion funding round, achieving a valuation of $9 billion supported by ICE investments.
- Kalshi raised $300 million, backed by investors such as Sequoia, AI6Z, and Paradigm.
Polymarket and Kalshi emerged as leaders during this period, highlighting growing institutional interest in decentralized prediction markets.
In total, 20 companies attracted nearly $3.2 billion in crypto funding across diverse sectors like derivatives, asset management, and Bitcoin-backed life insurance.
Here’s an overview of the week’s significant updates based on Crypto Fundraising data:
Polymarket
- Intercontinental Exchange (ICE) committed $2 billion, valuing Polymarket at $8 billion pre-investment. ICE also acquired exclusive global distribution rights for Polymarket’s event-driven probability data for institutional clients.
- CEO Shayne Coplan described the deal as a pivotal move for mainstream acceptance of prediction markets.
- This investment signifies Polymarket’s resurgence in the U.S. market, following regulatory challenges, including the acquisition of QCX to reinstate domestic operations and the appointment of Donald Trump Jr. to its advisory board.
Kalshi
- Kalshi raised $300 million, effectively doubling its valuation to $5 billion since June.
- The platform captures over 60% of the global prediction market share, with $50 billion in annualized trading volume.
- Its expansion into 140 countries positions Kalshi as a global frontrunner in real-world betting.
DDC Enterprise
- DDC Enterprise Ltd. secured $124 million through equity financing at $10 per Class A share, representing a 16% premium over its closing price on October 7.
- This funding round was led by PAG Pegasus Fund and Mulana Investment Management, with contributions from OKG Financial Services and DDC CEO Norma Chu, who personally invested $3 million.
- This capital will enhance DDC’s Bitcoin treasury strategy.
Meanwhile
- Meanwhile, the first regulated Bitcoin life insurer, raised $82 million in a funding round co-led by Bain Capital Crypto and Haun Ventures, with additional involvement from Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Stillmark.
- The funding is intended to expand global access to Bitcoin-denominated life insurance, annuities, savings, and insurance bonds, allowing policyholders to hedge against inflation and currency risks.
- Regulated by the Bermuda Monetary Authority, Meanwhile saw over 200% growth in Bitcoin assets under management, with total funding in 2025 currently at approximately $122 million, following a $40 million Series A raised earlier this year.
Amdax
- Amdax, a Dutch crypto service provider, raised €30 million ($35 million) to launch the Amsterdam Bitcoin Treasury Strategy.
- The firm aims to acquire up to 210,000 BTC, potentially making it the second-largest corporate holder of Bitcoin after MicroStrategy.
Bee Maps
- Bee Maps secured Series A funding led by Pantera Capital to enhance its AI-driven decentralized mapping network on Hivemapper.
- The funding will support dashcam deployment, AI model updates, and distribute HONEY token rewards.
- The company also launched a new $19 monthly Bee Membership plan to alleviate upfront hardware expenses, thus boosting accessibility for contributors.
Projects < $30 Million
- Coinflow, $25 million in Series A funding
- Anthea, $22 million in Series A funding
- CipherOwl, $15 million in Seed funding
- TransCrypts, $15 million in Seed funding
- Block Street, $11.5 million in an Unknown funding round
- Grass, $10 million in an Unknown funding round
- Falcon Finance, $10 million in an Unknown funding round
- NebX, $6 million in an Unknown funding round
- Agio Ratings, $6 million in an Unknown funding round
- Crunch Lab, $5 million in an Unknown funding round
- 375ai, $5 million in an Unknown funding round
- Lab, $5 million in an Unknown funding round
- Rhuna, $2 million in Seed funding
- Limitless, $1 million in a Public sale
