Blockchain startups have received an estimated $13.7 billion in venture capital so far in 2024, up 28% from last year
On December 30, <The Block Pro> reported that VCs invested around $13.7 billion in cryptocurrency and <Block> startups in 2024, up 28% from $10.7 billion in 2023. However, the funding is still far below the peak of $33.3 billion in 2022 and $29 billion in 2021.
In 2024, early-stage financing dominated, with Pre-Seed round transactions hitting a record high of over 1,180 (up 68% year-over-year), highlighting strong interest in emerging projects. Although the overall inflow decreased, seed round funding reached $3.4 billion, close to $3.8 billion in 2021. Series A rounds exceeded 175 transactions (up 59% year-over-year), raising $2.8 billion (up 46% year-over-year). Meanwhile, mid-to-late-stage financing decreased, paving the way for mergers and acquisitions (M&A).
Overall, top cryptocurrency venture capital firms are cautiously optimistic about 2025. While funding levels are not expected to return to the highs of 2021-2022, industry insiders unanimously believe that startups with strong product-market fit and high user adoption are most likely to secure funding in the coming year.
