Sequoia and a16z fuel $3.9B crypto funding wave in October, pouring capital into projects like Stripe’s Tempo and Polymarket as venture appetite defies market turmoil.

Venture capital funding for crypto companies accelerated in October despite a sharp market drawdown, with 83 firms raising about $3.9 billion, led by large rounds for Stripe-backed blockchain project Tempo and prediction market Polymarket. DefiLlama data cited in the report show crypto and blockchain startups have attracted more than $21 billion in 2025 to date, putting the sector on track to exceed $25 billion in annual funding and almost double 2024’s total.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• Sequoia and a16z pile in as crypto firms raise $3.9bn in October (dlnews.com)
• Exclusive: Venture giant a16z crypto targeting around $2 billion for ... (fortune.com)
• Active US Investors Kept Busy Cutting Checks In October (news.crunchbase.com)
• Bloomberg: Yale Invests in Crypto Fund That Raised $400 Million (nepc.com)
• a16z crypto (a16zcrypto.com)

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• Polymarket
• a16z
• Stripe
• Tempo