Crypto VC Funding: Paribu acquires CoinMENA for $240m, N3XT bags $72m

The week of November 30 to December 6, 2025, recorded $478.9 million in crypto VC funding across 18 projects.

As per the data, Turkish digital asset platform Paribu’s $240 million acquisition of CoinMENA led the funding period.

Here’s a comprehensive breakdown of this week’s crypto funding activity as per Cryptofundraising

CoinMENA

• CoinMENA acquired for $240 million through M&A
• The cryptocurrency exchange was acquired by Paribu
• The exchange has raised $249.5 million so far

N3XT

• Raised $72 million in an unknown round
• The investment was backed by Paradigm, Hack VC, and Winklevoss Capital
• N3XT is a financial institution offering programmable real-time settlement

Canton Network (Digital Asset)

• Canton Network bagged $50 million in a strategic round
• Investors include BNY Mellon, iCapital, and Nasdaq
• The public Layer‑1 blockchain has raised $447.2 million so far

Portal

• Portal raised $25 million in an unknown round
• Backed by JTSA Global
• The Bitcoin-based DEX has raised $117.5 million so far

Ostium Labs

• Secured $20 million in a Series A round
• Fully diluted valuation of $250 million
• Investors include General Catalyst, Jump Trading, and Coinbase Ventures
• Ostium Labs is behind the perpetual exchange Ostium

Fin (ex TipLink)

• Fin raised $17 million in an unknown round
• Backed by Pantera, Sequoia, and Samsung Next
• Fin is a stablecoin-based, enterprise-grade payment platform

BitStack

• Secured $15 million in a Series A round
• Bitstack is a French Bitcoin savings app
• Investors include 13books, North Island Ventures, and Plug and Play

Projects Under $15 Million

• Zoo Finance (ex IndexZoo), $10 million in a strategic round
• Ranger, $6 million in a public sale with $15.38 million fully diluted valuation
• Axis, $5 million in a private round
• Altura, $4 million in a seed round
• Reya Network, $3 million in a public sale with $150 million fully diluted valuation
• TrueNorth, $3 million in a pre-seed round
• DeepNode AI, $3 million in a strategic round with $75 million fully diluted valuation
• LayerBank, $2.30 million in a pre-seed round
• DeepNode AI, $2 million in a seed round with $25 million fully diluted valuation
• Haiku, $1 million in a pre-seed round
• Harmonix Finance, $600,000 in a public sale with $25 million fully diluted valuation

Read last week’s crypto VC funding data here.