Author: aididiaojp.eth, Foresight News
According to Foresight Wiki statistics, in 2024, the Wiki has recorded a total of 979 financing rounds in the crypto industry, including 354 in tools and infrastructure, 196 in DeFi, 112 in asset management, and 137 in blockchain games and NFTs, with a disclosed total financing amount of approximately $11.583 billion. The disclosed total financing amount has remained the same as last year, while the number of financing rounds in the DeFi field has seen significant growth, with a year-on-year increase of 37%.
In 2024, there are a total of 17 financing rounds exceeding $100 million, of which 6 are in the AI track. The ten noteworthy projects and their financing are as follows:
Elon Musk's AI startup xAI has raised $5 billion, with a valuation of $45 billion.
Mixed reality startup Magic Leap recently received a $590 million investment from the Public Investment Fund of Saudi Arabia, as Magic Leap is entering the metaverse market.
The 'Network State' project Praxis announces completion of $525 million financing, with participation from GEM Digital and others. Praxis claims to be the world's first network state, an internet-native alliance aimed at accelerating technological advancement and reviving Western civilization. Over 14,000 Praxians reside in 82 countries/regions.
Monad Labs completes $225 million financing, led by Paradigm. Monad Labs aims to introduce parallel execution and superscalar pipeline technology through its parallel EVM Layer1 project, Monad, enhancing the performance of the Ethereum Virtual Machine and addressing the low throughput issues of existing EVM-compatible blockchains.
Bitcoin infrastructure development company Blockstream announces completion of $210 million convertible note financing, led by Fulgur Ventures. Blockstream will accelerate the adoption and development of the company's Layer2 technology, grow its mining business, and expand its Bitcoin fund reserves.
Decentralized social protocol Farcaster completes $150 million financing, led by Paradigm. Farcaster will primarily focus on daily active user growth and adding developer primitives like channels and direct messaging to the protocol.
Crypto investment platform Public completes $135 million equity and debt financing, led by Accel. Public will enhance the AI capabilities of the Public platform.
Digital asset management company ParaFi Capital completes $120 million financing, with participation from Theta Capital Management and others. ParaFi Capital will acquire shares of other crypto funds focused on specific niches, strategies, or regions, with plans to build a portfolio investing in 30 to 50 such funds over the next 3 to 5 years.
Layer1 public chain Berachain completes $100 million Series B financing, led by Framework Ventures and others. Berachain claims that its current blockchain test version has processed 100 million transactions and that the platform is designed to be compatible with applications based on the Ethereum blockchain.
HashKey Group announces the completion of nearly $100 million Series A financing at a valuation of over $1.2 billion. HashKey Group will deepen its full ecosystem layout in the virtual asset industry, accelerate the diversification of its licensed business products in Hong Kong, and promote the group's compliant and innovative development globally.
A total of 100 financing rounds exceeding $10 million, with 22 rounds disclosed financing amounts of $50 million or more, with ten noteworthy projects as follows:
Core contributors team of on-chain IP protocol Story, PIP Labs, announces completion of $80 million Series B financing, led by a16z Crypto.
Bitcoin staking protocol Babylon completes $70 million financing, led by Paradigm.
Modular blockchain Eclipse completes $50 million Series A financing, led by Placeholder and Hack VC. Eclipse has launched its mainnet and has released the development and testnet versions of its protocol, with multiple DApps testing its infrastructure.
DeFi lending protocol Morpho completes $50 million strategic round financing, led by Ribbit Capital.
Cryptography company Zama completes $73 million Series A financing, led by Multicoin Capital and Protocol Labs. Zama will continue to research and develop its FHE tools.
Crypto market maker Flowdesk completes $50 million Series B financing, with participation from Cathay Innovation, Ripple, Bpifrance, etc. This round of financing values Flowdesk at over $250 million. Flowdesk plans to use this round of financing to further expand its global business, focusing on expansion in Singapore and the United States, and establishing a new office in London.
Online Q&A website Quora CEO Adam D'Angelo announces completion of $75 million financing, led by Andreessen Horowitz (a16z). The funds from this round will mainly be used to accelerate the development of its AI chat platform Poe, with most of the funds expected to be paid to the creators of Bots on the platform through its creator monetization program.
American fintech company Figure Technologies completes $60 million Series A financing. Figure announces the establishment of an independent company called Figure Markets, which will develop a platform for investors to trade various blockchain-native assets, including cryptocurrencies, stocks, and alternative investments. The new trading platform will use the Provenance blockchain.
Cross-border payment and settlement blockchain company Partior completes $80 million Series B financing, with Deutsche Bank participating.
ZK proof startup Succinct Labs completes $55 million new round of financing, led by Paradigm.
In terms of institutions, ranked by the number of disclosed investments in 2024, the top ten institutions are OKX Ventures, Animoca Brands, Polychain Capital, Foresight Ventures, a16z, Big Brain Holdings, Robot Ventures, HashKey Capital, Hack VC, Spartan Group, Bankless Ventures, GSR Ventures, Coinbase Ventures, CMS Holdings, and SevenX Ventures, with specific investment counts and amounts as follows:
OKX Ventures has made a total of 50 investments, including 10 projects with financing of $10 million or more, which are Portal, ether.fi, Taiko, Myshell, CARV, Movement Labs, Cysic, Goplus Security, Solv Protocol, and Mocaverse.
Animoca Brands has made a total of 48 investments, including 15 projects with financing of $10 million or more, which are io.net, Polyhedra Network, peaq, XION, Monad, Puffer Finance, Shiba Inu, Lava, Humanity, Goplus Security, Bondex, Redacted Cartel, Balance, Mawari Network, Gelato, and Sapien.
Polychain Capital has made a total of 37 investments, including 17 projects with financing of $10 million or more, which are Aitlayer, Monkey Tilt, Eclipse, Polyhedra, dappOS, Berachain, Movement Labs, Botanix Labs, Babylon, ORA, Pi Squared, Lombard, Sahara AI, Story Protocol, Yellow Card, Bitfinity, and Hyperbolic.
Foresight Ventures has made a total of 36 investments, including 17 projects with financing of $10 million or more, which are Overworld, ether.fi, io.net, Morpho, Myshell, Gomble Games, IoTeX, Avalon, Movement Labs, Avail, Fhenix, Sentient, Lombard, Sahara AI, Pin AI, Noble, and Lens Protocol.
a16z has made a total of 35 investments, including 18 projects with financing of $10 million or more, which are Ouora, Doppel, Espresso Systems, MyPriz, Kiosk, Farcaster, xAI, Neynar, Tapi, Morpho, Story Protocol, SSI, Balance, Pin AI, Exowatt, Azra Games, Opacity Network, and Vlayer.
Big Brain Holdings has made a total of 34 investments, including 11 projects with financing of $10 million or more, which are Overworld, Utila, Parallel, Gomble Games, Monad, Shiba Inu, Sonic, MegaETH, Essential, Solayer, and Hemi Labs.
Robot Ventures has made a total of 34 investments, including 11 projects with financing of $10 million or more, which are Backpack, Succinct Labs, Alpen Labs, Movement Labs, Nuffle Labs, Conduit, MegaETH, Sentient, Pi Squared, Celestia, and Delta.
HashKey Capital has made a total of 33 investments, including 13 projects with financing of $10 million or more, which are Overworld, Polyhedra Network, mystiko, Seeds Labs, Cysic, Avail, Goplus Security, Particle Network, ORA, Sentient, Huma Finance, Mento, and Nillion.
Hack VC has made a total of 32 investments, including 16 projects with financing of $10 million or more, which are Aitlayer, Monkey Tilt, io.net, Eclipse, Mezo, Berachain, Movement Labs, Fhenix, Sentient, Solayer, Pin AI, Variational, Gelato, Nillion, Exabits, and Spicenet.
Spartan Group has made a total of 30 investments, including 10 projects with financing of $10 million or more, which are Overworld, MetaCene, Morph, Peaq, Parallel, Centrifuge, Particle Network, Redacted Cartel, RedStone, and Essential.
In terms of crypto funds, a total of 23 crypto funds have been announced to be established in 2024, including:
Uncorrelated Ventures raises $315 million for a new fund, with 20% allocated to support crypto startups
LayerZero collaborates with a16z and others to launch the lzCatalyst program, incentivizing participating funds to invest $300 million in LayerZero integrated projects
Crypto venture capital Hack VC raises $150 million for a new fund, with about one-third deployed
Immutable, King River Capital, and Polygon Labs plan to raise $100 million for a new Web3 gaming fund
Web3Port establishes a $100 million fund called Web3Port Foundation
Bonfire Union, a venture capital under Mask Network, will launch its second fund, currently raising a total of $100 million
CMT Digital is raising $150 million for its fourth fund
Tiger Global's new venture capital fund completes $2.2 billion fundraising, the smallest fundraising amount in nearly a decade
Hypersphere launches a $130 million liquidity fund Atlas, with plans to raise an additional $75 million
Borderless Capital launches a $100 million DePIN fund
Former Chief Strategy Officer of CoinShares founded Crucible Capital, planning to launch two new funds totaling $75 million
Solana Accelerator Colosseum raised $60 million and has invested in 11 projects
Cryptomeria Capital plans to launch a $50 million Web3 venture capital fund
Pantera Capital completes $20 million financing, plans to double support for the TON blockchain ecosystem
VanEck launches a $30 million venture capital fund to support crypto and AI
Morph and Foresight Ventures jointly launch a $20 million ecosystem fund
Foresight Ventures, MEXC Ventures, and Mirana Ventures set up a fund for the expansion of the Aptos ecosystem
Frictionless Capital has raised $20 million, which will be invested in the blockchain field
Figment Capital completes a strategic round of financing
CDP Venture Capital launches an accelerator program called Frontech Accelerator with a scale of €7 million
Crypto venture capital Contango raises $5 million to invest in startups at the intersection of AI and blockchain
Venture capital firm AgileGTM establishes a $10 million B2B blockchain accelerator fund
Asymmetry plans to raise a new fund of $21 million, focusing on the blockchain field
