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 data:

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

We’re excited to share that CoinMENA has been acquired by @ParibuCom in a transaction valued at up to USD 240 million!

This acquisition strengthens our global presence, accelerates innovation, and allows us to deliver even more value and opportunities to our users across MENA… pic.twitter.com/HrkC4uZpRy

— CoinMENA | كوين مينا (@CoinMENA) December 5, 2025

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.