September VC Report: Crypto VC funding rises more than 71% month over month, as Polymarket reache...

Author | WuBlockchain
According to RootData, 61 crypto venture-capital deals were publicly disclosed in September 2026, down 1.6% from 62 in August 2026 and down 35.1% from 94 in September 2025. The trend over the past year is as follows:
By sector, September broke down as follows: CeFi accounted for about 19.4%, DeFi about 22.6%, Privacy about 1.6%, RWA/DePIN about 14.5%, Tool/Wallet about 3.2%, and AI about 12.9%.
Total disclosed crypto VC funding in September 2026 was about $1.269 billion, up 71.1% from $742 million in August 2026 and down 79.2% from $6.096 billion in September 2025. The trend over the past year is as follows:
Note: Projects that did not disclose an amount are counted in the number of deals but not in the funding total. Because not every round is disclosed in the month it closes, these figures may still be revised. The ten largest rounds by amount were as follows:
In early September 2026, prediction-market platform Polymarket raised a new round led by 1789 Capital, the venture firm where Donald Trump Jr., the eldest son of Donald Trump, is a partner. The post-money valuation was $21 billion, about 40% higher than roughly $15 billion in the previous round. 1789 Capital had already invested about $200 million and has now put in about $500 million in total.
Félix, a WhatsApp remittance platform for Latin American immigrants in the United States, raised $200 million in a Series B to extend its stablecoin-settled cross-border remittances into lending and savings. Andreessen Horowitz led an $87 million equity round, with QED Investors, Castle Island Ventures, Switch Ventures, Contour Venture Partners, and Endeavor Catalyst participating. General Catalyst’s Customer Value Fund separately provided a $113 million credit facility. Users initiate transfers inside WhatsApp. The transfers settle in USDC in the background, and recipients are paid in local fiat currency.
Jeeves, a stablecoin banking platform for businesses, raised $110 million in a Series C led by CoinFund, with participation from AllianceBernstein, Andreessen Horowitz, Coinbase Ventures, CRV, GIC, ParaFi, Vista, Wintermute, and Y Combinator, among others. The funds will be used to build stablecoin wallet infrastructure. About 50% to 60% of the company’s international payments now settle in stablecoins such as USDC and EURC.
Nasdaq Ventures made a $100 million strategic investment in Payward, the parent company of cryptocurrency exchange Kraken, valuing the company at $21 billion. The investment continues a partnership announced in March: Kraken will distribute tokenized stocks of Nasdaq-listed companies, representing real-world assets, on its own platform. The two sides plan to launch the related market infrastructure in the second quarter of 2027.
MoonPay acquired North Capital, a U.S. private-markets infrastructure platform, in an all-stock transaction at a valuation of more than $60 million. This was not a conventional cash financing, and the deal remains subject to regulatory approval. Once closed, North Capital will become a wholly owned subsidiary, bringing in broker-dealer, alternative trading system, transfer-agent, and investment-adviser businesses registered with the U.S. Securities and Exchange Commission, to support real-world assets and on-chain capital markets.
Blockchain market-data provider Kaiko raised $57 million in a new round led by S&P Global, bringing its total Series B funding to $110 million. Participants included Coinbase Ventures, Nasdaq Ventures, BNP Paribas, Bpifrance, Broadridge, DRW, Royal Bank of Canada, and Susquehanna. The funds will be used to strengthen on-chain market data, indices, and data infrastructure, and to offer digital-asset indices with S&P Global.
The World Foundation said its affiliate, World Assets, Ltd., completed $49 million of over-the-counter sales of WLD over the past month. All tokens sold are subject to a one-year lockup. Some transactions have already settled, and delivery and settlement of the remaining WLD were expected to be completed in the week of the announcement.
On September 15, 2026, USD.AI said it had secured a $40 million revolving stablecoin debt facility from crypto-native asset manager K3 Capital. The facility is collateralized by sUSDai and can be drawn, repaid, and reused to support the launch of new products. USD.AI is developed by Permian Labs. Its loans run for about three years and amortize monthly. The facility follows an earlier $100 million stablecoin debt facility from Bullish.
On September 24, 2026, stablecoin infrastructure company HIFI announced a $37 million Series A led by Left Lane Capital. Matthew Miller, a managing partner at the firm, joined the board. The funds will be used to obtain additional licenses, expand teams in New York and overseas, and extend the product set from stablecoin payments to card issuance and real-world-asset capital markets. HIFI currently serves more than 10,000 businesses and 200,000 end users across about 87 countries, and has taken part in a DTCC repo pilot.
On September 9, 2026, cross-border stablecoin payments infrastructure company Latitude announced a $35 million Series A led by Oak HC/FT, with participation from NEA, Coinbase Ventures, Lightspeed Faction, and OpenFX. The round follows an $8 million seed round earlier this year and brings total funding to $43 million. Latitude connects stablecoin settlement to local bank accounts and mobile wallets, so recipients are paid in fiat and do not need a crypto wallet.
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