Cryptocurrency Fundraising Summary: January 2024

☄️ In January, there were very few large capital calls, so the amount of money raised decreased compared to December and November.

✔️ A total of 121 transactions worth 579 million USD were closed.

✔️ The highest funding amount belongs to startups CeFi ($250M) and Blockchain Service ($98M).

Looking at the monthly investment rounds, one can see VC interest, such as venture capital currently flowing into Bitcoin-based interoperability protocols and projects.

1️⃣ Portal, a cross-chain atomic swap protocol based on Bitcoin, has raised $34M from Coinbase Ventures, Arrington XRP Capital, OKX Ventures and others.

2️⃣ Polymer Labs , a company that creates the Cosmos SDK/OP Stack rollup using EigenDA for DA (data availability) and Ethereum for payments.

3️⃣ Axiom, a project that allows smart contracts to securely compute across Ethereum's historical data, has also attracted attention.

👀 January 2024 saw fewer large-scale transaction rounds but many notable transactions were completed in the previous two months. It is worth mentioning that in January, HashKey Group announced raising capital of 100 million USD. The newly raised capital will be used to strengthen HashKey's Web3 ecosystem,...