Weekly Funding Roundup | 8 projects received funding, totaling $1.128 billion (November 17-23)

According to incomplete statistics from Odaily Planet Daily, from November 17th to November 23rd, 2025, a total of 8 financing events were disclosed in the global blockchain field, a slight increase from the 7 events of the previous week. However, the total financing amount was $1.128 billion, a significant increase from $106.5 million of the previous week.

The main reason is that prediction market platform Kalshi completed a large-scale financing of $1 billion, while PolyMarket is reportedly undergoing a new round of financing, making prediction markets the main force in financing.

The following are specific financing events (Note: 1. Sorted according to the amount disclosed; 2. * indicates companies in "traditional" sectors whose businesses involve blockchain):

Kalshi raises $1 billion in funding, led by Sequoia and CapitalG.

On November 21, TechCrunch, citing sources familiar with the matter, reported that prediction market platform Kalshi has completed a $1 billion funding round, valuing the company at $11 billion. The round was led by Sequoia and CapitalG. This funding round comes less than two months after its previous $300 million round, valuing the company at $5 billion. Kalshi allows users to place bets on various events and operates within legal boundaries, with annualized trading volume exceeding $50 billion. Its main competitor, Polymarket, is also reportedly planning a funding round with a valuation of $12-15 billion.

Doppel raises $70 million in Series C funding, led by Bessemer Venture Partners.

On November 20, AI-driven social protection platform Doppel completed a $70 million Series C funding round, led by Bessemer Venture Partners, with participation from a16z, South Park Commons, Script Capital, 9Yards Capital, Sozo Ventures, Strategic Cyber Ventures, CrowdStrike CEO George Kurtz, NTT DOCOMO Ventures, Aurum Partners, and WNBA players Nneka Ogwumike, Breanna Stewart, and Kelsey Plum.

Obex raises $37 million to create the "Y Combinator" of RWA-collateralized stablecoins.

On November 19th, according to Coindesk, crypto incubator Obex announced the completion of a $37 million funding round, led by Framework Ventures, LayerZero, and the Sky ecosystem. Obex's core objective is to incubate and fund next-generation interest-bearing stablecoin projects, and it has been described as the "Y Combinator" (a well-known Silicon Valley incubator) of the stablecoin space.

Wizzwoods has raised $10 million in Series A funding, led by Animoca Ventures and Infinity Ventures Crypto.

On November 19, Wizzwoods announced the completion of a $10 million Series A funding round, co-led by Animoca Ventures and Infinity Ventures Crypto.

Wizzwoods is described as a pixelated farm game that combines cross-chain mechanisms with SocialFi elements, developed based on Telegram mini-programs and Twitter extensions.

HelloTrade, an on-chain US stock trading platform, has raised $4.6 million in funding, led by Dragonfly Capital.

On November 20, HelloTrade, an on-chain US stock trading platform, announced the completion of a $4.6 million funding round led by Dragonfly Capital, with participation from Mirana Ventures and a group of angel investors. The company primarily competes with Robinhood and Revolut, and plans to use the new funds to build a blockchain-based trading platform that allows global investors to invest in US stocks and assets.

Privacy-focused DeFi platform 0xbow has raised $3.5 million in seed funding, led by Starbloom Capital.

On November 19, 0xbow, a privacy-focused decentralized finance (DeFi) platform, announced the completion of a $3.5 million seed funding round led by Starbloom Capital, with participation from Coinbase Ventures, BOOST VC, Status Research & Development GmbH, and several angel investors.

Mu Digital has raised $1.5 million in Pre-Seed funding to focus on bringing high-yield credit from Asia onto the blockchain.

On November 21, Mu Digital announced the completion of a $1.5 million Pre-Seed funding round, with investors including UOB Venture Management, Signum Capital, CMS Holdings, Cointelegraph Accelerator, and Echo. Mu Digital focuses on bringing real-world assets from Asia's $20 trillion credit market onto the blockchain and plans to launch its Monad mainnet on November 24. Products include Asia Dollar (AZND), offering yields of 6-7%, and muBOND, offering yields up to 15%.

Web3 insurtech startup Takadao has raised $1.5 million in seed funding, with participation from Hasan VC and others.

On November 20, Saudi Arabia-based Web3 insurance technology startup Takadao announced the completion of a $1.5 million seed funding round, with participation from Hasan VC, Syla Invest, Wahed Ventures, Ice Blue Fund, Istari Ventures, and Adverse. This brings its total funding to $3.1 million. The new funds will support the company in building services such as life insurance payouts and investment returns in stablecoin form, and will also facilitate expansion into markets in Southeast Asia and the United States.