May 2026 marked a decisive rebound in crypto fundraising after the spring slowdown. Total capital raised jumped to $3.52B across 83 VC rounds, driven by several mega-rounds including Kalshi’s $1.2B Series F. The surge reflected renewed investor confidence, particularly in Prediction Markets, AI, and market-infrastructure sectors. M&A activity also spiked, anchored by Bullish’s $4.2B acquisition of Equiniti, signaling continued strategic appetite.
1. Crypto Fundraising Trend MoM
Crypto Fundraising Rebounds: May Capital Surges 431% to $3.52B as Mega-Rounds Return
May 2026 reversed the spring slowdown decisively, with $3.52B raised across 83 VC rounds — a 408% capital jump from April and the highest total since October 2025. Round…







