Between October 1 and 11, 2025, Incrypted recorded 51 notable investment deals totaling nearly $4.05 billion, encompassing corporate acquisitions, traditional venture fundraising, token sales, and other transactions. The lion’s share of this funding went to Polymarket, a decentralized prediction market platform, which raised $2 billion in a strategic financing round led by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, bringing its valuation to $9 billion.
Venture Funding Highlights
During this period, 28 projects secured venture capital, including:
- Polymarket – $2B: Capital raised for platform expansion across political, sports, and social event markets.
- Meanwhile – $82M: Bitcoin-denominated life insurance startup backed by Pantera Capital, Haun Ventures, Bain Capital Crypto, Stillmark, and Apollo Global Management for global expansion into Hong Kong, Dubai, and Singapore.
- Amdax – $35M: Dutch crypto platform investing in subsidiary AMBTS BV for Bitcoin treasury operations and planned listing on Euronext Amsterdam.
- Bee Maps – $32M: Geo-analytics mapping API provider backed by Pantera Capital, Borderless Capital, LDA Capital, and Ajna Capital.
- Cypher Games – $30M: Mobile game developer raised Series A funding to expand its titles and enter new markets.
- Coinflow Software – $25M: Payment solution platform raised Series A financing led by Coinbase Ventures and Pantera Capital.
Other notable investments ranged from $22M for Anthea to $760K for Initiativ, spanning fintech, gaming, DeFi protocols, Web3 marketplaces, AI-based infrastructure, and payment platforms.
Token Sales
Several projects conducted public token sales this week:
- tea – $3M: Open-source blockchain platform incentivizing developer contributions.
- Novastro – $2M: Cross-chain platform tokenizing real-world assets.
- Limitless – $1M: Decentralized prediction market expanding trading capabilities across blockchains.
Mergers & Acquisitions
From October 1–11, nine corporate M&A deals were reported:
- Avalanche Treasury Co. – $675M: Acquisition of Mountain Lake Acquisition Corp to provide institutional access to AVAX assets.
- CoinShares & Bastion Asset Management: Integration to implement quantitative strategies in crypto.
- AlphaTON Capital – 51% of GAMEE: Strengthening Web3 gaming ecosystem.
- Bitcoin Depot & National Bitcoin ATM: Expanded crypto ATM network in 27 US states.
- Other deals included CoinRoutes & QIS Risk, Ondo Finance & Oasis Pro Markets, Uniswap Labs & GuideStar, Plume Network & Dinero, and Rezolve Ai & SQD.
Accelerators, Grants & DAO Funding
Titan Network, a decentralized infrastructure platform for DePIN (Decentralized Physical Infrastructure Networks), secured funding with the participation of Cointelegraph to expand its network of community resources.
Top Investors & Market Focus
The most active investors were Pantera Capital, Road Capital, X Ventures, Coinbase Ventures, and Hack VC, focusing primarily on DeFi, blockchain infrastructure, CeFi, GameFi, NFT, and DAT projects.
For comparison, Web3 projects raised $34B in September, highlighting continued investor interest in digital asset innovation.
