Crypto VC Funding: Naver Financial acquires Dunamu for $10.3B, Fordefi acquired for $100M

Crypto.News2025/11/28 16:00

By: By Vignesh KarunanidhiEdited by Anthony Patrick

The week of November 23-29, 2025, was a notable period for crypto VC funding, with $10.46 billion in total activity across 10 projects.

Summary

Crypto VC funding soared to $10.46B, led by Naver’s $10.3B acquisition of Dunamu.
M&A dominated with Paxos buying Fordefi for $100M and multiple early-stage raises.
Figure, Gonka, SpaceComputer and others secured new capital amid a strong VC week.

The week was headlined by Naver Financial’s $10.3 billion acquisition of Dunamu, the operator of cryptocurrency exchange Upbit.

M&A activity dominated the investment sector this week, with two major acquisitions representing the majority of funding.

Here’s a breakdown of this week’s crypto VC activity as per Cryptofundraising data :

Dunamu

Dunamu was acquired for $10.30 billion through M&A
Dunamu is a South Korea–based fintech and blockchain company and operator of Upbit cryptocurrency exchange
Acquired by Naver Financial
Share-swap deal valuing Dunamu at 15.1 trillion won
Each Dunamu share exchanged at 2.54 Naver Financial shares

Fordefi

Fordefi was acquired for $100 million through M&A
The project is developing an institutional MPC wallet & security platform
Fordefi was acquired by Paxos
The project has raised $128 million so far

Figure

Raised $25 million in an unknown round
Figure is a blockchain technology startup that offers loan origination and equity management
The investment was backed by Ondo

Figure announces that @OndoFinance has made a $25M strategic investment in $YLDS , integrating Figure’s SEC registered yield-bearing stablecoin into the Ondo Short-Term US Treasuries Fund (OUSG), to expand and diversify the reserves backing OUSG.

The partnership follows Figure’s…
— Figure (@Figure) November 24, 2025

Gonka

Gathered $12 million in a strategic round
Gonka is an AI-powered prediction and social trading platform
The investment was backed by Bitfury

Bitfury Group @BitfuryGroup has completed a $12M GNK purchase following a community vote.

It’s a clear signal: the future of AI compute will be distributed, not centralized.

The community of compute contributors made this outcome possible.
— Gonka (@gonka_ai) November 27, 2025

SpaceComputer

SpaceComputer raised $10 million in a seed round
The project focuses on DePIN, infrastructure, security, and zero-knowledge.
Investors include Maven11, Lattice, and Superscrypt

🛰️ Total raise: $10M 🛰️

The seed round turns breakthrough research into a reality → live constellation of satellites in orbit.

Leads → @Maven11Capital & @lattice_fund

Participants → @Superscrypt , @etherealvc , @arbitrum , @starship_vc , @nascent , @hash3xyz , @thebbfund ,…
— SpaceComputer – 天机 | 𝕤𝕡/𝕒𝕔𝕔 (@SpaceComputerIO) November 26, 2025

Funding Under $10 Million

Nexton, $4 million in a strategic round
Pruv Finance, $3 million in a Series A round
CreatorFi (Insomnia Labs), $2 million in an unknown round
Abrakadabra Games, $500,000 in an unknown round

Read last week’s crypto VC funding here .

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Crypto VC Funding: Naver Financial acquires Dunamu for $10.3B, Fordefi acquired for $100M

Dunamu

Fordefi

Figure

Gonka

SpaceComputer

Funding Under $10 Million

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