Every month, many companies, both start-ups and well-established players in the crypto ecosystem, manage to attract investor interest and secure funding. November 2025 was no exception to the rule, with more than $3.35 billion raised by high-potential companies, nearly $2.49 billion of which was raised by just five of them.
The five major fundraising rounds in November
Every month, numerous fundraising rounds are organized and conducted so that crypto companies can raise money and grow.
In November 2025, companies in the sector that organized fundraising rounds managed to raise more than $3.35 billion, with nearly $2.49 billion raised by just five of them.
These particularly substantial sums demonstrate institutional interest in a rapidly growing crypto sector:
5 – Monad (MON)
- Operation: Community fundraising (ICO);
- Company and/or project launch date: mainnet launched on November 24;
- Amount raised: $187.5 million.
Monad is a Proof of Stake (PoS) layer 1 blockchain developed since 2022 by Monad Labs. The main goal of the Monad blockchain is to overcome Ethereum’s scalability limitations while taking advantage of its environment through the Ethereum Virtual Machine (EVM).
Monad’s fundraising campaign is taking place in a unique context: it is an initial coin offering (ICO), which could be called community fundraising in the language of Molière.
This launch is significant as it is the first ICO carried out via the Coinbase exchange platform. In October, Coinbase acquired Echo, a platform dedicated to community fundraising, for the tidy sum of $375 million.
For its part, Monad raised $187.5 million during its ICO. According to data from DropsTab, investors in this round are currently seeing a return on investment (ROI) of 1.17x their stake.
Despite this positive ROI, the price of the MON token has fallen 27% over the last 7 days.
As a reminder, Monad had already raised several rounds of funding in the past, raising $244 million in seed and financing rounds. However, the terms of the strategic funding round have not been disclosed:
In total, Monad has raised at least $431.5 million. This is a particularly substantial amount for a blockchain that has yet to prove itself.
4 – ht.digital
- Operation: Acquisition;
- Company and/or project launch date: 2023;
- Amount raised: $262 million.
ht.digital presents itself as a specialist in auditing, on-chain verification, accounting, and digital asset insurance. In short, it provides a transparency and compliance infrastructure for institutions, exchanges, and players that manage cryptocurrencies.
According to public information, ht.digital recently entered into an agreement with Bridgepoint, a British private equity fund, which will acquire a majority stake in the company. The transaction is valued at $262 million.
3 – Ripple (XRP)
- Transaction: Strategic financing round;
- Company and/or project launch date: 2012;
- Amount raised: $500 million.
On November 5, Ripple announced that it had raised $500 million. This strategic round of financing saw the participation of Pantera Capital, Brevan Howard, Galaxy, Citadel Securities, Marshall Wace, and was led by Fortress Investment Group. The transaction values the company at approximately $40 billion. The stated objective of this capital injection is twofold.
On the one hand, it allows Ripple to consolidate its position in the institutional world, in particular by extending its offerings beyond simple cross-border payments to include asset custody, expansion into the stablecoin sector (notably with RLUSD), etc. On the other hand, this new financing will be used to support accelerated growth and strategic acquisitions.
As a reminder, Ripple has acquired no fewer than six companies over the past two years, including two for more than $1 billion. Over the past 30 days, the price of the XRP token has fallen by around 4.5%.
2 – Tharimmune
- Operation: Post-IPO financing round;
- Company and/or project launch date: 2016;
- Amount raised: $540 million.
Tharimmune, until recently known as a biotech company, has just made a spectacular shift towards the crypto sector. On November 3, the company formalized a $540 million private placement led by DRW and Liberty City Ventures.
Investors included “crypto natives” as well as more traditional finance-focused entities. These included ARK Invest, Polychain Capital, and Kraken Ventures. The goal of this fundraising is neither a biotech product nor simple internal development. Tharimmune has announced that it intends to use the funds to become the first crypto treasury focused on the Canton Coin blockchain token, CC.
The company even intends to become a blockchain validator to contribute to network security and generate returns in CC tokens. Canton Coin is a blockchain focused on traditional finance and institutions. Its investors include names such as Goldman Sachs, Paxos, BNP Paribas, YZi Labs (formerly Binance Labs), Circle, and many others.
Over the past 14 days, the price of CC has fallen by more than 20%.
1 – Kalshi
- Operation: Financing round;
- Company and/or project launch date: 2018;
Amount raised: $1 billion.
Kalshi is pursuing its ambition to establish itself as the leading prediction market in the United States. The platform, already supervised by the Commodity Futures Trading Commission (CFTC), has just raised $1 billion in a funding round.This latest round brings Kalshi’s valuation to around $11 billion, according to a source close to the matter. The round was led by Sequoia Capital and saw participation from funds such as Andreessen Horowitz (a16z) and Paradigm.
According to data from the Artemis analytics platform, Kalshi accounts for more than 50% of the market share in terms of open interest in the prediction market sector. Polymarket, although more popular in the crypto sphere, accounts for less than 40%, for reference.
These two prediction markets are engaged in a fierce battle to take (or, in Kalshi’s case, retain) the leading position. Last month, Polymarket raised $2 billion.
