Mid-December has seen a surge in crypto VC funding, headlined by Avalanche Labs’ $250 million raise.
This week marked one of the largest single investments in blockchain infrastructure this year. The period also saw significant investments across infrastructure, AI, and financial services sectors, with cumulative funding exceeding $400 million. This is close to $180 million more than last week’s fundraise.
Crypto.news collected the data from Crypto Fundraising to analyze the projects that took home the highest funds during this period.
Avalanche (Ava Labs), $250 million
Secured $250 million in an unknown round
Backed by Galaxy, Dragonfly, and other major investors
Avalanche has raised a total of $540.5 million so far.
Avalanche announces a $250 million private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, highlighting the growing confidence in Avalanche’s blockchain ecosystem ahead of the Avalanche9000 upgrade 🤝https://t.co/tWmn5u9LbG
— Avalanche9000 🔺 (@avax) December 12, 2024
Nano Labs, $36.25 million
Raised $36.25 million in private funding
Nano Labs focuses on infrastructure and storage solutions
Breaking News: $NA Nano Labs Announces Bitcoin Holdings Exceed 360 BTC, Valued at Over US$36 Million https://t.co/gPkROd4zL9 #StockMarket #News $LAES $PALI $AMPGW
— Market Wire News (@marketwirenews) December 12, 2024
Klickl, $25 million
Secured $25 million in Series A funding with $125 million FDV
Supported by Web3PORT and Aptos Labs
Klickl is building CEX and payment solutions
🎉 Exciting News! 🎉Klickl has closed an oversubscribed $25M Series A funding, raising our valuation to $125M!A huge thank you to @Web3PortFund and @AptosLabs for co-leading this milestone and supporting our mission to expand global Web3 banking.https://t.co/gQpVLopzcq
— Klickl (@klicklofficial) December 10, 2024
Exabits, $15 million
Raised $15 million in seed funding with $150M FDV
Backed by Hack VC
Specializing in infrastructure development
Exabits, a crypto-AI startup, raised $15M in seed funding led by Hack VC, boosting its valuation to $150M. Focused on tokenizing GPUs, Exabits aims to decentralize computing. With $20M in total funding and a 300% quarterly revenue increase amounting to $10M, Exabits is… https://t.co/oIvhRLAAJB
— Exabits (@exa_bits) December 12, 2024
Hyperbolic, $12 million
Secured $12 million in Series A funding
Supported by Variant, Polychain Capital, and Chapter One
Hyperbolic has raised a total of $19 million so far.
'Hyperbolic garners $12M in Series A from Polychain, Variant. #VentureCapital #AI' https://t.co/FMnW0qzx2S
— Startup Report (@StartupReport) December 10, 2024
Relai, $12 million
Raised $12 million in Series A funding
Relai is building Bitcoin (BTC) ecosystem solutions
Backed by Ego Death Capital and Timechain
We just raised $12 Million in Series A!💰When I joined @relai_app, we could barely afford stickers lol.We won't rest until Europe is fully orange-pilled Big thanks to @JeffBooth @LynAldenContact @PrestonPysh @egodeathcapital for believing in our vision! pic.twitter.com/6Y3ZETxt0y
— Arsen @ Relai (@satoshibaggins) December 10, 2024
Waterfall Protocol, $11.6 million
Waterfall Protocol raised $11.6 million from investors like BOLT, Alpha Token Capital.
The firm has raised a total of $13.6 million so far.
JUST IN: Waterfall Protocol secures a staggering $11.6 million in funding to revolutionize layer 1 blockchain technology.
— Coin.News by BabyDoge (@CoinDotNews) December 13, 2024
Notable crypto VC funding rounds under $10 million
MegaLabs secured $10 million through public sale
Kast raised $10 million in seed funding
Lava gathered $10 million in Series A funding
Commonware secured $9 million in an unknown round
Sphere Labs raised $5 million in strategic funding
Soarchain gathered $4.5 million in an unknown round
SmarDex secured $4.5 million in seed funding
Fantasy top raised $4.25 million in seed funding
AgriDex gathered $4 million in strategic round with $28.50M FDV
Neptune Protocol secured $3.9 million in seed funding
Spicenet raised $3.4 million in seed funding
Glacier Labs gathered $3.37 million in public sale with $33M FDV
Superform Labs secured $3 million in strategic funding
Terrace raised $2.5 million in public sale with $25M FDV
Uranium Digital secured $1.7 million in pre-seed funding
Mandala Chain raised $1 million in pre-seed funding
Wild Forest gathered $100,000 in public sale with $45M FDV
Read more about last week’s crypto VC funding data here.
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