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Crypto VC funding Q3 2025: 20 rounds, $231.7M, Gate.io Labs in 4

By NAUT Research · · 8 min read

$231.7M Crypto VC funding raised in 20 crypto venture rounds on NAUT, 1 July to 30 September 2025. Logos: Kite AI, Stable, Spiko, aPriori, SHRAPNEL, Hemi, Everlyn, Aria Protocol, Irys, Bitlight Labs, STON.fi, BOB, Almanak, Bio Protocol, Hyperbot, Delabs Games.

For crypto VC funding Q3 2025, NAUT tracks 20 crypto venture rounds announced between 1 July and 30 September 2025, and all 20 disclosed an amount, $231.7M in total. Stable holds the largest row at $28M, and Gate.io Labs is the backer that appears most often on NAUT's record, in 4 of the 20 rounds.

Data as of 14 November 2026, from NAUT's funding records. NAUT dates 143 rounds to the quarter. 104 of them are typed as token sales or allocations (IDO, IEO, ICO, Pre-sale, Private, KOL) and are out. Of the 39 venture-type rows left, 19 are out because each company's own description names no crypto product: AI labs and AI tools, robotics, autonomous driving, quantum computing, fusion energy and 1 Brazilian neobank. Those 19 hold $8,867.5M, 97% of the $9,114.2M in venture-type rows, so a quarter total that counts them describes AI and deep tech more than crypto venture capital. Everlyn stays in: it is tagged AI, but its description names its $LYN token. 6 of the 20 rounds, from the largest end of the list, were put to outside reports; 5 matched with a usable source and are cited below, and the other 14 rounds were not read outside NAUT. Written by the NAUT data desk.

Which crypto VC funding Q3 2025 rounds closed, and who led each?

20 rounds closed, 8 in July, 8 in August and 4 in September. NAUT's record flags a lead on 1 of them, Index Ventures on Spiko. The cited reports name the lead on 3 more: Gala Games on SHRAPNEL, YZi Labs, Republic Digital and HyperChain Capital on Hemi, and PayPal Ventures with General Catalyst on Kite AI. The Backers column counts the firms on NAUT's record for each round.

Date Company Round Raised Backers
1 Jul Strategic Round $4M 1
9 Jul Funding Round $3.7M 10
16 Jul Funding Round $2M 3
17 Jul Series A $22M 10
21 Jul Series A $5.2M 2
21 Jul Funding Round $3.6M 2
30 Jul Series A $9.5M 0
31 Jul Seed Round $28M 10
7 Aug Strategic Round $9.5M 6
13 Aug Funding Round $19.5M 0
15 Aug Funding Round $8.45M 4
21 Aug Series A $10M 0
26 Aug Funding Round $15M 2
26 Aug Strategic Round $6.75M 8
28 Aug Strategic Round $20M 3
31 Aug Funding Round $15M 3
2 Sep Series A, per the cited report $18M 11
3 Sep Seed & Strategic Rounds $15M 1
17 Sep Seed Round $6.9M 6
19 Sep Pre-Series A $9.6M 4

NAUT's row for Kite AI reads $33M across a seed and a Series A. The company's own announcement gives $18M for the 2 September 2025 Series A and $33M as its total funding to date, so this article counts the $18M. 2 rows still combine 2 rounds under 1 date: Aria Protocol carries 2 round names in 1 entry, and the report cited for SHRAPNEL says its maker raised the $19.5M across 2 funding rounds. So the $231.7M is NAUT's record for rounds dated to Q3 2025, with Kite AI at its reported Series A, and part of those 2 rows may predate July.

How did crypto VC funding split by month in Q3 2025?

Month Rounds Raised Share Largest row
Jul 2025 8 $78M 33.7% , $28M
Aug 2025 8 $104.2M 45.0% , $20M
Sep 2025 4 $49.5M 21.4% , $18M

Shares are of the $231.7M quarter total. The median round was $9.55M. The 10 largest rows hold $172.1M, 74.3% of the quarter.

Who runs each company, and who backed it?

The 10 largest rows, with the founders NAUT holds and the backers on NAUT's record for that round.

Anyone listed can ask NAUT to remove their page at https://naut.so/legal/data-deletion.

Where did crypto VC funding Q3 2025 money go, round by round?

Raised per round, 1 July to 30 September 2025
  1. Stable$28M
  2. Spiko$22M
  3. aPriori$20M
  4. SHRAPNEL$19.5M
  5. Kite AI$18M
  6. Hemi$15M
  7. Everlyn$15M
  8. Aria Protocol$15M
  9. Irys$10M
  10. Bitlight Labs$9.6M
  11. STON.fi$9.5M
  12. BOB$9.5M
  13. Almanak$8.45M
  14. Bio Protocol$6.9M
  15. Hyperbot$6.75M
  16. Delabs Games$5.2M
  17. Limitless Exchange$4M
  18. Velvet$3.7M
  19. Quack AI$3.6M
  20. Sport.fun$2M

Stable, Spiko and aPriori hold $70M, 30.2% of the $231.7M, and 11 of the 20 rows sit under $10M.

What this tells a BD team

  • DeFi is the biggest tag. 8 of the 20 companies carry a DeFi tag on NAUT, $78.05M between them, from aPriori at $20M to Quack AI at $3.6M. 5 carry an AI tag and 3 a gaming tag.
  • 3 teams build on Bitcoin. BOB ($9.5M), Hemi ($15M) and Bitlight Labs ($9.6M) are the Bitcoin builders in this set, a short list for any wallet, bridge or infrastructure seller.
  • Most rounds are small. The median is $9.55M, and 11 of the 20 raised under $10M, so the long tail of crypto startups funding is early teams with fresh money.
How a BD team can work this list
  1. Pick a sector8 of the 20 carry a DeFi tag, 5 an AI tag and 3 a gaming tag, such as SHRAPNEL.
  2. Start with the largest rowsStable, Spiko and aPriori hold $70M of the $231.7M.
  3. Find the decision makerEach company's NAUT page lists its team, such as CEO Chi Zhang at Kite AI.
  4. Check what changed sinceThese rounds closed in Q3 2025, so read each company's NAUT page for later rounds before you reach out.

What this tells a crypto founder raising

Which crypto investors backed 2 or more Q3 2025 rounds?

Ranked by the number of the 20 rounds each backer appears in on NAUT's record, then by the round totals of those rounds (the whole round sizes, never that backer's own cheque, with Kite AI at $18M).

Backer Rounds Companies Round totals
4 , , , $40.05M
3 , , $46.45M
3 , , $41.65M
3 , , $28.5M
3 , , $18.4M
2 , $34.75M
2 , $17.95M

NAUT lists Animoca under 2 rows, Animoca Brands and Animoca Brands (Ventures). Both sit on Kite AI's round, so the union is still 3 rounds.

How a founder can use this list
  1. Shortlist repeat backers7 backers sit in 2 or more of the 20 rounds, with Gate.io Labs in 4.
  2. Match your sectorAnimoca Brands backed Quack AI, Kite AI and Bio Protocol, 3 AI or science projects.
  3. Look at who led at your sizeIndex Ventures led Spiko's $22M Series A, the 1 lead NAUT flags in the quarter.
  4. Reach the partnerEach investor's NAUT page lists its team and the people to contact.

How to reach the decision makers

Every company, investor and person above links to their NAUT page, which lists the team and the backers. This article links a founder or CEO page for 7 of the 10 largest rows. For the other 3, open the company page: Stable's team list holds 2 people titled CEO, so check it before you write, Bitlight Labs' founder row carries a single name, and Aria Protocol has no founder row on NAUT yet. For the 3 rounds with no backer on NAUT's record, STON.fi, SHRAPNEL and Irys, start from the company page and its team.

Related reading on NAUT: How to find the lead investor: 3 ways, tested on 20 rounds and How to research a VC fund: 6 checks, 23 rounds, 27 partners.

Can you pull this data through the NAUT API?

Yes. GET https://api.naut.so/v1/investors/gateio-labs returns 1 fund with its team and its portfolio rows, each carrying company, roundType, amountUsd, announceDate and isLead, so you can pick out its Q3 2025 rounds by date, and GET https://api.naut.so/v1/projects/kite-ai returns 1 company with its team. Every call is a GET with Authorization: Bearer $NAUT_KEY and costs 5 credits, documented at https://naut.so/docs/api with plans at https://naut.so/pricing. The verified Telegram, email and LinkedIn of the people named here unlock on any paid NAUT plan, so you can start a 7-day trial and reveal them.

Crypto VC funding Q3 2025 FAQ

How much did crypto startups raise in Q3 2025?

NAUT tracks $231.7M across 20 crypto venture rounds announced between 1 July and 30 September 2025, with all 20 disclosing an amount. August 2025 was the largest month at $104.2M over 8 rounds.

Which crypto startup raised the most in Q3 2025?

Stable holds the largest NAUT row for 1 July to 30 September 2025, a $28M seed on 31 July 2025. Spiko is next with a $22M Series A led by Index Ventures, then aPriori with a $20M strategic round. Kite AI's 2 September 2025 Series A was $18M per its own announcement; NAUT's row for it records $33M, the total across its seed and Series A.

Which crypto investors were most active in Q3 2025?

On NAUT's record for 1 July to 30 September 2025, Gate.io Labs backed 4 of the 20 crypto venture rounds. HashKey Group, Mirana Ventures, Animoca Brands and Zee Prime Capital backed 3 each.

Where can I find the founders of Q3 2025 crypto startups and their contact channels?

On NAUT. This article links a founder or CEO page on naut.so for 7 of the 10 largest crypto rounds from 1 July to 30 September 2025, from Chi Zhang at Kite AI to Josh Benaron at Irys, and GET https://api.naut.so/v1/projects/kite-ai returns 1 company with its team. Their verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so you can start a 7-day trial and reveal them.

Sources

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