In 2024, the Wiki has recorded a total of 979 investment and financing cases in the crypto industry, including 354 in tools and infrastructure, 196 in the DeFi field, 112 in asset management, and 137 in chain games and NFT fields, with a total disclosed investment amount of approximately 11.583 billion dollars.
Article author: aididiaojp.eth, Foresight News
According to Foresight Wiki statistics, the total number of investment and financing cases recorded in the crypto industry in 2024 is 979, including 354 in tools and infrastructure, 196 in the DeFi field, 112 in asset management, and 137 in chain games and NFT fields, with a total disclosed investment amount of approximately 11.583 billion dollars. The total disclosed investment amount remains the same as last year, while the number of financings in the DeFi field has significantly increased, with a year-on-year growth of 37%.
In 2024, there are a total of 17 financings exceeding 100 million dollars, among which 6 are in the AI track. The ten noteworthy projects are as follows:
●Elon Musk's artificial intelligence startup xAI has raised 5 billion dollars, reaching a valuation of 45 billion dollars.
●The mixed reality startup Magic Leap recently received 590 million dollars in investment from the Public Investment Fund of Saudi Arabia, as Magic Leap enters the metaverse market.
●The 'Network State' project Praxis has announced the completion of 525 million dollars in financing, with GEM Digital and others participating. Praxis claims to be the world's first network state, an internet-native alliance aimed at accelerating technological progress and revitalizing Western civilization. Over 14,000 Praxians reside in 82 countries/regions.
●Monad Labs has completed 225 million dollars in financing, led by Paradigm. Monad Labs aims to introduce parallel execution and superscalar pipeline technology through its parallel EVM Layer1 project Monad to enhance the performance of the Ethereum Virtual Machine and solve the low throughput problem of existing EVM-compatible blockchains.
●The Bitcoin infrastructure development company Blockstream has announced the completion of 210 million dollars in convertible note financing, led by Fulgur Ventures. Blockstream will accelerate the adoption and development of its Layer2 technology, develop its mining business, and expand its Bitcoin fund reserves.
●The decentralized social protocol Farcaster has completed 150 million dollars in financing, led by Paradigm. Farcaster will primarily focus on increasing daily active users and adding developer primitives such as channels and direct messaging to the protocol.
●The crypto investment platform Public has completed 135 million dollars in equity and debt financing, led by Accel. Public will enhance the AI capabilities of the Public platform.
●The digital asset management company ParaFi Capital has completed 120 million dollars in financing, with participation from Theta Capital Management, etc. ParaFi Capital plans to acquire stakes in other crypto funds focusing on specific market segments, strategies, or regions, with the goal of building a portfolio of shares in 30 to 50 such funds over the next 3 to 5 years.
●Layer1 public chain Berachain has completed 100 million dollars in Series B financing, led by Framework Ventures. Berachain claims that its currently available blockchain test version has processed 100 million transactions and is designed to be compatible with applications based on the Ethereum blockchain.
●HashKey Group announced that it has completed nearly 100 million dollars in Series A financing at a valuation of over 1.2 billion dollars. HashKey Group will deepen HashKey's full ecological layout in the virtual asset industry, accelerate the diversification of licensed business products in Hong Kong, and promote the globally compliant and innovative development of the group.
There are a total of 100 financings at the 10 million dollar level, among which 22 have disclosed financing amounts of 50 million dollars or more, with ten noteworthy projects as follows:
●The core contributor team of the on-chain IP protocol Story, PIP Labs, announced the completion of a 80 million dollar Series B financing, led by a16z Crypto.
●The Bitcoin staking protocol Babylon has completed 70 million dollars in financing, led by Paradigm.
●The modular blockchain Eclipse has completed 50 million dollars in Series A financing, led by Placeholder and Hack VC. Eclipse has launched its mainnet and has released development and testing network versions of its protocol, with multiple DApps already testing its infrastructure.
●The DeFi lending protocol Morpho has completed a strategic round of financing of 50 million dollars, led by Ribbit Capital.
●The cryptographic company Zama has completed 73 million dollars in Series A financing, led by Multicoin Capital and Protocol Labs. Zama will continue to research and develop its FHE tools.
●The crypto market maker Flowdesk has completed 50 million dollars in Series B financing, with participation from Cathay Innovation, Ripple, Bpifrance, etc. This round of financing has valued Flowdesk at over 250 million dollars. 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.
●Quora's CEO Adam D'Angelo announced the completion of 75 million dollars in financing, led by Andreessen Horowitz (a16z). The funds from this round of financing will primarily 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.
●The American fintech company Figure Technologies has completed 60 million dollars in Series A financing. Figure announced that it will establish an independent company called Figure Markets to 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.
●The cross-border payment and settlement blockchain company Partior has completed 80 million dollars in Series B financing, with Deutsche Bank participating.
●The ZK proof startup Succinct Labs has completed 55 million dollars in new round 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 dollars 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 dollars 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 dollars 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 dollars or more, which are Overworld, ether.fi, io.net, Morph, 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 dollars 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 dollars 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 dollars 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 dollars 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 dollars 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.
●The Spartan Group has made a total of 30 investments, including 10 projects with financing of 10 million dollars 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, among which include:
●Uncorrelated Ventures has raised 315 million dollars for a new fund, with 20% allocated to support crypto startups.
●LayerZero has partnered with a16z and others to launch the lzCatalyst program, with participating funds incentivized to invest 300 million dollars in LayerZero integrated projects.
●The crypto venture capital Hack VC has raised 150 million dollars for a new fund and has deployed about one-third.
●Immutable, King River Capital, and Polygon Labs plan to raise 100 million dollars for a new Web3 gaming fund.
●Web3Port has established a 100 million dollar fund, Web3Port Foundation.
●Bonfire Union, a venture capital under Mask Network, will launch its second fund, currently raising a total of 100 million dollars.
●CMT Digital is raising 150 million dollars for its fourth fund.
●A new venture fund under Tiger Global has completed 2.2 billion dollars in fundraising, the smallest fundraising amount in nearly a decade.
●Hypersphere has launched a 130 million dollar liquidity fund, Atlas, and plans to raise an additional 75 million dollars.
●Borderless Capital has launched a 100 million dollar DePIN fund.
●The former Chief Strategy Officer of CoinShares founded Crucible Capital, which plans to launch a total of 75 million dollars in two new funds.
●The Solana accelerator Colosseum has raised 60 million dollars and has invested in 11 projects.
●Cryptomeria Capital plans to launch a 50 million dollar Web3 venture capital fund.
●Pantera Capital has completed 20 million dollars in financing and plans to double its support for the TON blockchain ecosystem.
●VanEck has launched a 30 million dollar venture capital fund to support crypto and AI.
●Morph and Foresight Ventures jointly launched a 20 million dollar ecological fund.
●Foresight Ventures, MEXC Ventures, and Mirana Ventures have established a fund for the expansion of the Aptos ecosystem.
●Frictionless Capital has raised 20 million dollars and will invest in the blockchain field.
●Figment Capital has completed strategic round financing.
●CDP Venture Capital has launched an accelerator program with a scale of 7 million euros, Frontech Accelerator.
●The crypto venture capital Contango has raised 5 million dollars, which will invest in startups in the intersection of AI and blockchain.
●The venture capital institution AgileGTM has established a 10 million dollar B2B blockchain accelerator fund.
●Asymmetry intends to raise a new fund of 21 million dollars, focusing on the blockchain field.
