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.
Investors include Framework, Turtle Hill Capital, and AI6Z
Daylight Energy has raised $88 million so far
We’ve raised $75M to build the decentralized energy network powering the world’s most important commodity: electricity.
This funding helps us move faster toward an electric grid that delivers what the old one no longer can: affordability, reliability, and abundant power. pic.twitter.com/Jk8fIlSQko
