TLDR:
- Crypto fundraisings surpass $3.67 billion in 2024
- Early-stage investments lead with $1.02 billion in April
In a resounding testament to the growing confidence in crypto ventures, funding in the crypto space has surged to an impressive $3.67 billion across 604 funding rounds in 2024. This figure sets a brisk pace, poised to surpass the $9.3 billion raised in the previous year, according to industry analytics firm RootData.
Crypto venture capital funding has maintained momentum, crossing the $1 billion mark for the second consecutive month. April witnessed a substantial influx of $1.02 billion, distributed across 161 investment rounds. Seed fundraising dominates the crypto funding ecosystem, comprising over 51% of total fundraising rounds, highlighting the pivotal role of early-stage capital in nurturing innovation within the crypto sphere.
Blockchain infrastructure firms emerge as frontrunners, securing a substantial $1.74 billion in venture capital funding. Noteworthy investments include BlackRock’s leadership in a $47 million round for Securitize. Pantera Capital and Paradigm are also making significant strides in the sector with ambitious fundraising plans.
