The week of October 12-18, 2025, has seen $1.059 billion in crypto funding across 22 projects, with Tempo’s $500 million Series A round leading.
Summary
- Tempo raised $500M in Series A, valuing its Layer 1 at $5B.
- Kraken acquired the SMALL exchange for $100M.
- Total crypto funding hit $1.06B across 22 projects.
Payment infrastructure and trading platforms dominated the 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
