Crypto VC Funding Explodes: Kalshi Lands $185M Mega-Round, Bit Digital Nabs $150M
Crypto's money faucet is still gushing—VCs just dumped another $335M into two players while traditional finance scrambles to keep up.
Kalshi's $185M haul proves prediction markets aren't dead—they're just wearing DeFi disguises now. Meanwhile Bit Digital's $150M cash injection suggests someone still believes in proof-of-work horses (despite the ETH merge being old news).
Wall Street analysts currently calculating how to spin this as 'institutional adoption' while quietly shorting both projects.
Kalshi
- Kalshi raised $185 million in a Series C round with a fully diluted valuation of $2 billion.
- Paradigm, Sequoia, and Multichain Capital participated in the effort.
- Kalshi has raised a total of $215.15 million so far.
I’m excited to announce our $185M Series C valuing Kalshi at $2B.
The round was led by Paradigm with participation from Sequoia, Multicoin, Peng Zhao, Neo, and Bond Capital.
People choose to work at Kalshi not because of the money we've raised, but because of our ambition:… pic.twitter.com/OGgZSwOPvj
Bit Digital
- Bit Digital secured $150 million.
- The company focuses on Bitcoin mining across Canada, the U.S., and Iceland.
Canton Network (Digital Asset)
- Canton Network collected a $135 million in an unknown round, bringing funds to $397.2 million.
- The investors include DRW Venture Capital, Tradeweb, and BNP Paribas.
- Canton Network is a public Layer-1 blockchain especially for institutional finance.
World Liberty Financial
- World Liberty Financial gathered $100 million in an unknown round, bringing total funds to $715 million.
- WLFI token focus on DeFi, Ethereum Ecosystem, Lending/Borrowing, and yield aggregators.
- Aquant participated in the latest investment.
Zama
- Zama now has $130 million in funds, thanks to the latest $57-million Series B investment.
- The startup has a fully diluted valuation of $1 billion.
- The latest round included investors Pantera and BlockChange. The project is operating in the infrastructure and Privacy sectors and focuses on state-of-the-art Fully Homomorphic Encryption (FHE) solutions.
Niural
- Niural, an AI-native Professional Employment Organization (PEO) and HR platform, nabbed $31 million in a Series A round.
- The latest investment was backed by Marathon Digital, M13, and Inspired Capital.
