For crypto VC funding Q4 2025, NAUT tracks 15 venture rounds dated 1 October to 31 December 2025, and together those crypto startups raised $106.65M at a median of $5.5M a round. NAUT's records list 30 backers across 12 of the 15 rounds, and 4 of them sit in 2 rounds each: Amber Group, Animoca Brands, Binance Labs and GSR.
Data as of 14 November 2026, read from NAUT's funding records by the NAUT article desk. NAUT holds 126 round rows dated in the quarter at live companies. 88 carry a token-sale round type (IDO, IEO, ICO and similar) and are out. 20 more are AI, software, robotics, biotech, energy, materials and tools companies, outside this article's crypto scope, and are out. That leaves 18 crypto rows: 2 are not equity rounds (Jeeves's $100M debt facility and Evernorth's PIPE, which carries no amount on NAUT), and 1, Jito's $50M, was a private token sale per The Block and Fortune. The other 15 are the venture rounds below, and all 15 carry an amount, $106,650,000 in sum. 13 of the 15 were put to an outside report for this article (14 checks in all, the 14th on Jito): 8 amounts matched, 4 were not found, 1 differed, and 2 rounds were not checked.
Which crypto VC funding Q4 2025 rounds closed, and who backed each?
15 rounds closed in the quarter on NAUT's record, ranked here by date. The last column says what the outside check found.
| Date | Company | Amount | Check |
|---|---|---|---|
| 7 Oct |  Grass |
$10M | Matched |
| 8 Oct |  375ai |
$5M | Not found |
| 20 Oct |  Limitless Exchange |
$10M | Matched |
| 20 Oct |  Open Campus |
$5M | Matched |
| 20 Oct |  Turtle |
$5.5M | Matched |
| 21 Oct |  Sign |
$25.5M | Matched |
| 24 Oct |  Depinsim |
$8M | Not found |
| 24 Oct |  Me3 |
$3M | Matched |
| 29 Oct |  Aria Protocol |
$0.5M | Not found |
| 31 Oct |  SemanticLayer |
$2M | Report differs |
| 18 Nov |  Wizzwoods |
$10M | Matched |
| 20 Nov |  Bitdealer |
$0.15M | Not found |
| 21 Nov |  RateX_Dex |
$7M | Matched |
| 15 Dec |  Space |
$3M | Not checked |
| 17 Dec |  ETHGas |
$12M | Not checked |
6 of the 15 are labelled Strategic Round on NAUT, the most of any label: Open Campus, Turtle, Sign, Depinsim, Aria Protocol and RateX_Dex. Grass's round matched as a bridge round, and Me3's report says nearly $3M. The 3 rounds with no backer on NAUT's record are not backerless: the report cited for Grass names Polychain Capital and Tribe Capital as its leads, and the report cited for Wizzwoods names Animoca Brands and IVC. For Bitdealer, NAUT's own summary says it raised $2M from undisclosed investors overall.
Who runs each company, and who backed it?
Each name links to the company's NAUT page, where the team tab lists the people to contact.
- Sign connects legal agreements with smart contracts.
- Backer on NAUT: Binance Labs. The cited report says YZi Labs led the $25.5M, with IDG Capital in.
- ETHGas builds for instant, gasless Ethereum transactions.
- Backer on NAUT: Amber Group
- Grass runs a network-sharing app on Solana.
- Led by, per the cited report: Polychain Capital and Tribe Capital
- Limitless Exchange is an on-chain prediction market on Base. Its NAUT summary puts its total at $18M across 3 private rounds and an IDO.
- Backers on NAUT: Digital Currency Group, Coinbase Ventures, Arrington Capital
- Wizzwoods is a pixel farm game with a SocialFi layer.
- Named by the cited report: Animoca Brands and IVC
- Depinsim builds decentralised connectivity infrastructure.
- Backer on NAUT: DWF Labs
- RateX_Dex trades yield and spot across chains, with yield tokenisation.
- Backers on NAUT: Animoca Brands, Gate.io Labs, Crypto.com Capital, GSR
- Turtle is a liquidity distribution protocol. The cited release says the $5.5M took its total to $11.7M.
- Backers on NAUT: Bitscale Capital, Amber Group, SNZ Holding, GSR, Fasanara Capital
- 375ai runs an edge data network on Solana. Its NAUT summary says it has raised $10M across several rounds.
- Backers on NAUT: Moonrock Capital, 6th Man Ventures, Hack VC, EV3 (Escape Velocity), Delphi Ventures, Arca
- Open Campus gives educators tools to own and earn from their content.
- Backers on NAUT: Animoca Brands, Shima Capital, Binance Labs, Sequoia Capital. The cited report names Animoca Brands, YZi Labs and 2 more firms.
- Me3 works on digital asset ownership for live events, sports and esports.
- Backers on NAUT: Outlier Ventures, MV Global, Maven Capital, Marshland Capital
- Space is a prediction markets protocol on Solana.
- Backers on NAUT: Morningstar Ventures, IMPOSSIBLE
- SemanticLayer works on MEV internalisation and sequencing for dApps.
- Backers on NAUT: Fenbushi Capital, Robot Ventures. Outside reports give a different size for this Series A, so treat the $2M as unconfirmed.
- Aria Protocol tokenises intellectual property on Story Protocol. Its NAUT summary also records a $600K IDO on 31 October 2025, which sits with the token sales.
- Backer on NAUT: OKX Ventures
- Bitdealer is an asset-backed meme launchpad on Solana.
- No backer on NAUT's record.
How much did each crypto startup raise?
Sign's $25.5M is 23.9% of the quarter, and 9 of the 15 rounds sit between $5M and $12M.
Crypto VC funding Q4 2025 by month: did October carry the quarter?
Yes. October holds 10 of the 15 rounds and $74.5M, 69.9% of the money.
| Month | Rounds | Raised | Share |
|---|---|---|---|
| Oct 2025 | 10 | $74.5M | 69.9% |
| Nov 2025 | 3 | $17.15M | 16.1% |
| Dec 2025 | 2 | $15M | 14.1% |
The median round was $5.25M in October, $7M in November and $7.5M in December. Shares are of the $106.65M total.
The 3 crypto funding rounds outside the venture count follow the same calendar: Jito's $50M token sale (16 October) and Evernorth's PIPE (20 October) are October rows, and Jeeves's $100M debt is dated 12 December.
Which crypto investors backed 2 or more Q4 2025 rounds?
4 firms sit in 2 of the 15 rounds on NAUT's record, ranked by rounds and then by name. No firm sits in 3.
| Firm | Rounds backed | Total |
|---|---|---|
 Amber Group |
Turtle, ETHGas |
$17.5M |
 Animoca Brands |
Open Campus, RateX_Dex |
$12M |
 Binance Labs |
Open Campus, Sign |
$30.5M |
 GSR |
Turtle, RateX_Dex |
$12.5M |
The total is the whole round size, not each firm's cheque. The other 26 backers on record sit in 1 round each, from Coinbase Ventures at Limitless Exchange to OKX Ventures at Aria Protocol.
What this tells a BD team
- The money went to infrastructure and trading: Sign, ETHGas, Depinsim, RateX_Dex and Turtle together raised $58M of the $106.65M.
- 2 prediction markets raised: Limitless Exchange ($10M seed) and Space ($3M seed).
- A team that raised in October 2025 has had about 13 months to spend it, so check its NAUT page for a newer round before you pitch.
- Pick the size band9 of the 15 rounds sit between $5M and $12M, from Open Campus to ETHGas.
- Check what came afterOpen the company's NAUT page for any round dated after December 2025.
- Find the buyerThe team tab on each company page lists the people to contact.
- Use the shared backerAmber Group sits in both Turtle and ETHGas, so 1 intro path covers 2 teams.
What this tells a crypto founder raising
- The median Q4 2025 round on NAUT's record was $5.5M, and the median rose from $5.25M in October to $7.5M in December.
- 6 of the 15 were Strategic Rounds, so funds tied to exchanges and market makers were active: Binance Labs, GSR, Gate.io Labs, Crypto.com Capital, OKX Ventures and DWF Labs each sit in at least 1.
- 4 firms backed 2 rounds each. A firm with 2 Q4 2025 deals in your sector is a warmer first call than a firm with none.
- Shortlist by stageETHGas, Limitless Exchange and Space raised seed rounds of $12M, $10M and $3M.
- Read the portfolioEach investor page lists the fund's rounds with date and amount.
- Ask a portfolio founderReach the team at a company the fund backed in Q4 2025 for a reference.
How to reach the decision makers
Every company and investor above links to its NAUT page. Company pages list the team, and investor pages list the partners and the portfolio, so a BD lead can go from a round to the person who signs. 2 firms sit on NAUT under more than 1 row, and this article links the row these rounds use: Binance Labs has a 2nd row under its newer YZi Labs name, and Animoca Brands has a 2nd row typed as an investor. Neither 2nd row holds a Q4 2025 round, so the counts above are the union of both rows. Jito's backer is listed on NAUT as a16z Frontier, and Evernorth's PIPE backers on NAUT include Pantera Capital, Ripple and Kraken.
Related reading on NAUT: Crypto VC funding Q3 2026: NAUT 142 rounds, Galaxy 296 deals and Strategic round: 49 of 364 crypto deals in 2026, 20 undisclosed.
Can you pull this data through the NAUT API?
Yes. GET https://api.naut.so/v1/investors/amber-group returns 1 fund with its team and its portfolio rows, each carrying company, roundType, amountUsd, announceDate and isLead, which is how a backer's Q4 2025 rounds such as Turtle and ETHGas can be read, and GET https://api.naut.so/v1/projects/sign 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. Verified Telegram, email and LinkedIn for the people on these teams unlock on any paid NAUT plan, so you can start a 7-day trial.
Crypto VC funding Q4 2025 FAQ
How much did crypto startups raise in Q4 2025?
NAUT tracks 15 crypto venture rounds dated 1 October to 31 December 2025, and they raised $106.65M at a median of $5.5M. October 2025 took $74.5M of it across 10 rounds.
Who backed crypto startups in Q4 2025?
NAUT's records list 30 backers on 12 of the 15 crypto venture rounds of Q4 2025. Amber Group, Animoca Brands, Binance Labs and GSR backed 2 each.
Which crypto startup raised the most in Q4 2025?
Sign raised the most of the 15 Q4 2025 crypto venture rounds on NAUT: $25.5M on 21 October 2025, which the cited report says YZi Labs led. ETHGas was next with a $12M seed round on 17 December 2025.
Where can I find the teams behind the Q4 2025 crypto rounds and their contact channels?
On NAUT: each of the 15 companies in this report has a NAUT page with its team, and GET https://api.naut.so/v1/projects/sign returns 1 company with its team through the API. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so you can start a 7-day trial.
Sources
- Grass: Ventureburn, Blockworks
- Jito: The Block, Fortune
- Limitless Exchange: Decrypt, The Block
- Open Campus: Ventureburn, Signalbase
- Turtle: Cointelegraph, on Turtle's release, Pulse 2.0
- Sign: The CC Press, Crypto Briefing
- Me3: Brave New Coin, MarketScreener
- Wizzwoods: Raptor Group, RootData
- RateX_Dex: Cryptonews, CoinCarp