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, of which there are 354 in tools and infrastructure, 196 in DeFi, 112 in asset management, and 137 in blockchain gaming and NFT sectors, with a disclosed total financing amount of approximately 11.583 billion USD. The disclosed total financing amount is flat compared to last year, while the number of financing rounds in the DeFi sector has significantly increased compared to last year, with a year-on-year growth of 37%.
In 2024, there were a total of 17 financing rounds exceeding 100 million, of which 6 were in the AI sector. The ten noteworthy projects are as follows:
Elon Musk's AI startup xAI has raised 5 billion USD, with a valuation of 45 billion USD.
Mixed reality startup Magic Leap recently received a 590 million USD investment from the Saudi Public Investment Fund, as Magic Leap enters the metaverse market.
The 'Network Nation' project Praxis announced the completion of a 525 million USD financing round, with participation from GEM Digital, among others. Praxis claims to be the world's first network nation, an internet-native alliance aimed at accelerating technological progress and revitalizing Western civilization. Over 14,000 Praxians reside in 82 countries/regions.
Monad Labs completed a 225 million USD financing round, 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 address the low throughput issues of existing EVM-compatible blockchains.
Bitcoin infrastructure development company Blockstream announced the completion of a 210 million USD convertible note financing round, led by Fulgur Ventures. Blockstream will accelerate the adoption and development of its Layer2 technology, expand its mining business, and increase its Bitcoin reserves.
The decentralized social protocol Farcaster completed a 150 million USD financing round, led by Paradigm. Farcaster will focus primarily on daily active user growth and adding developer primitives such as channels and direct messaging to the protocol.
The crypto investment platform Public completed a 135 million USD equity and debt financing round, led by Accel. Public will enhance the AI capabilities of the Public platform.
Digital asset management firm ParaFi Capital completed a 120 million USD financing round, with participation from Theta Capital Management and others. ParaFi Capital plans to acquire shares in other crypto funds focused on specific market segments, strategies, or regions, aiming to establish a portfolio of investments in 30 to 50 such funds over the next 3 to 5 years.
Layer1 public chain Berachain completed a 100 million USD Series B financing round, led by Framework Ventures and others. Berachain claims its currently available blockchain test version has processed 100 million transactions and aims to be compatible with applications based on the Ethereum blockchain.
HashKey Group announced the completion of nearly 100 million USD Series A financing with a valuation exceeding 1.2 billion USD. HashKey Group will deepen its full ecological layout in the virtual asset industry, accelerate the diversification of licensed business products in Hong Kong, and promote the group's compliance-driven innovative development globally.
There were a total of 100 financing rounds in the tens of millions, of which 22 had disclosed financing amounts of 50 million USD and above, and the ten noteworthy projects are as follows:
The core contributor team of the on-chain IP protocol Story, PIP Labs, announced the completion of an 80 million USD Series B financing, led by a16z Crypto.
The Bitcoin staking protocol Babylon completed a 70 million USD financing round, led by Paradigm.
The modular blockchain Eclipse completed a 50 million USD Series A financing round, led by Placeholder and Hack VC. Eclipse has launched its mainnet and has released development and testnet versions of its protocol, with multiple DApps already testing its infrastructure.
The DeFi lending protocol Morpho completed a 50 million USD strategic financing round, led by Ribbit Capital.
The cryptography company Zama completed a 73 million USD Series A financing round, led by Multicoin Capital and Protocol Labs. Zama will continue researching and developing its FHE tools.
Crypto market maker Flowdesk completed a 50 million USD Series B financing round, with participation from Cathay Innovation, Ripple, Bpifrance, etc. This financing round values Flowdesk at over 250 million USD. 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 that the online Q&A platform has completed a 75 million USD financing round, led by Andreessen Horowitz (a16z). The funds from this round 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 completed a 60 million USD Series A financing round. Figure announced the establishment of an independent company named 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.
The cross-border payment and settlement blockchain company Partior completed an 80 million USD Series B financing round, with Deutsche Bank participating.
ZK proof startup Succinct Labs completed a new round of financing of 55 million USD, 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 numbers and amounts as follows:
OKX Ventures invested in a total of 50 projects, including 10 projects with financing of 10 million USD and above, which are Portal, ether.fi, Taiko, Myshell, CARV, Movement Labs, Cysic, Goplus Security, Solv Protocol, and Mocaverse.
Animoca Brands has invested in a total of 48 projects, including 15 projects with financing of 10 million USD and above, 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 invested in a total of 37 projects, of which 17 had financing of 10 million USD and above, 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 invested in a total of 36 projects, of which 17 had financing of 10 million USD and above, 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 invested in a total of 35 projects, of which 18 had financing of 10 million USD and above, 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 invested in a total of 34 projects, of which 11 had financing of 10 million USD and above, which are Overworld, Utila, Parallel, Gomble Games, Monad, Shiba Inu, Sonic, MegaETH, Essential, Solayer, and Hemi Labs.
Robot Ventures invested in a total of 34 projects, of which 11 had financing of 10 million USD and above, which are Backpack, Succinct Labs, Alpen Labs, Movement Labs, Nuffle Labs, Conduit, MegaETH, Sentient, Pi Squared, Celestia, and Delta.
HashKey Capital invested in a total of 33 projects, of which 13 had financing of 10 million USD and above, which are Overworld, Polyhedra Network, mystiko, Seeds Labs, Cysic, Avail, Goplus Security, Particle Network, ORA, Sentient, Huma Finance, Mento, and Nillion.
Hack VC invested in a total of 32 projects, of which 16 had financing of 10 million USD and above, 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 invested in a total of 30 projects, of which 10 had financing of 10 million USD and above, 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 announced their establishment in 2024, including:
Uncorrelated Ventures raised 315 million USD for a new fund, with 20% allocated to support crypto startups
LayerZero and a16z, among others, launched the lzCatalyst program, with participating funds incentivized to invest 300 million USD in LayerZero integrated projects
Crypto venture capital Hack VC raised 150 million USD for a new fund, with about one-third deployed
Immutable, King River Capital, and Polygon Labs plan to raise 100 million USD for a new Web3 gaming fund
Web3Port established a 100 million USD fund Web3Port Foundation
Bonfire Union, a venture capital under Mask Network, will launch its second fund, currently raising a total of 100 million USD
CMT Digital is raising 150 million USD for its fourth fund
Tiger Global's new venture capital fund raised 2.2 billion USD, the smallest amount raised in nearly a decade
Hypersphere opened a 130 million USD liquidity fund Atlas, and plans to raise another 75 million USD
Borderless Capital launched a 100 million USD DePIN fund
Former Chief Strategy Officer of CoinShares founded Crucible Capital, planning to launch two new funds totaling 75 million USD
Solana Accelerator Colosseum raised 60 million USD and has invested in 11 projects
Cryptomeria Capital plans to launch a 50 million USD Web3 venture capital fund
Pantera Capital completed a 20 million USD financing round and plans to double its support for the TON blockchain ecosystem
VanEck launched a 30 million USD venture capital fund to support crypto and AI
Morph and Foresight Ventures jointly launched a 20 million USD ecological fund
Foresight Ventures, MEXC Ventures, and Mirana Ventures established a fund for the expansion of the Aptos ecosystem
Frictionless Capital has raised 20 million USD to invest in the blockchain field
Figment Capital completed a strategic financing round
CDP Venture Capital launched the Frontech Accelerator program with a scale of 7 million euros
Crypto venture capital Contango raised 5 million USD to invest in startups at the intersection of AI and blockchain
Venture capital firm AgileGTM established a 10 million USD B2B blockchain accelerator fund
Asymmetry plans to raise a new fund of 21 million USD, focusing on the blockchain field
