Ripple Labs has led a new wave of crypto funding after raising $500 million, marking its biggest capital round since 2019. The raise comes as 12 crypto companies secured a combined $666 million in the first week of November, according to data from DeFiLlama.
This surge has pushed total crypto startup funding to $22 billion so far in 2025, more than double last year’s total. Analysts say the industry is now on track to reach $25 billion by the end of the year — a sharp rebound despite October’s $500 billion market crash.
Ripple’s $500 Million Round
Ripple’s new funding round tripled the company’s valuation to $40 billion. It was backed by major Wall Street players including Citadel Securities, Fortress Investment Group, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
The company said the new funds will strengthen partnerships with financial institutions and support expansion into new business areas such as treasury and institutional finance. Ripple has already spent over $2.4 billion in 2025 to acquire several companies, including GTreasury and Hidden Road, in a move to compete with Circle, Stripe, and Western Union in the growing stablecoin payments market.
Growing Institutional Confidence
According to Eva Oberholzer, Chief Investment Officer at Ajna Capital, investors are becoming more selective but remain confident in the long-term potential of blockchain technology.
“Good teams are still being funded, especially in areas like blockchain infrastructure and real-world assets,” she said, adding that large-scale investments could pick up again by early 2026 if markets stabilize.
Oberholzer expects a “funding resurgence” next year, supported by clearer U.S. regulations and pro-crypto policies under President Donald Trump’s administration. Recent developments include a stablecoin law, an upcoming markets bill, and pro-industry executive orders, all seen as favorable to crypto investors.
Other Major Raises
- Canaan Inc. raised $72 million through a direct equity sale to Brevan Howard, Galaxy Digital, and Weiss Asset Management. The company, listed on Nasdaq, said the investment would support growth in Bitcoin mining and high-performance computing.
- Future Holdings, a Swiss Bitcoin treasury firm, secured $34 million from Fulgur Ventures, Nakamoto, and TOBAM to expand its Bitcoin custody and research services for institutional clients.
Despite recent volatility, venture capital investment in crypto continues to grow, driven by institutional interest, regulatory clarity, and renewed confidence in blockchain infrastructure.
