As a seasoned crypto investor with over a decade of experience navigating the ever-evolving digital asset landscape, I find myself consistently impressed by the caliber and sheer number of projects securing significant funding each year. The recent week’s investments, led by Riot’s impressive $594.4 million raise, underscores investor confidence in established blockchain platforms and their potential to revolutionize various sectors.
In the third week of December 2024, there was a significant turning point in cryptocurrency financing as Riot successfully obtained an investment worth $594.40 million.
2021 has seen one of the biggest influxes of capital into the Bitcoin (BTC) market, with recent investments reaching over $715 million. The last week’s activities suggest a high level of investor trust in established blockchain platforms, as they span various sectors.
At Crypto.news, we gathered information from Crypto Fundraising sources to highlight the projects which successfully attracted the largest amounts of funding within this timeframe.
Riot, $594.4 million
- Secured $594.4 million in an unknown round
- Riot focuses on Bitcoin ecosystem development
- The company has raised $1.15 billion so far
- The fundraises represents one of the largest raises in crypto for 2024
BVNK, $50 million
- Raised $50 million in Series B funding with $750 million FDV
- Backed by HAUN, Coinbase Ventures, and Tiger Global
- BVNK is developing payment and stablecoin solutions
- The project has raised $90 million in total
As an analyst, I’m thrilled to announce that we’ve successfully secured a $50 million investment to propel our stablecoin payment solutions into the next phase of growth. With the backing of esteemed partners such as Haun Ventures, Coinbase Ventures, ScribbleVC, Tiger-Global, and Avenir, we’re ready to revolutionize global financial transactions and support businesses in their expansion. Our primary objective remains the same: accelerating money movement worldwide and empowering businesses to thrive. This funding will fuel our mission by enabling us to bring innovative solutions to the forefront more swiftly.
— BVNK (@BVNKFinance) December 17, 2024
Lens Protocol, $31 million
- Secured $31 million in strategic funding
- Supported by Lightspeed Faction and Avail
- Lens Protocol is building social networking on the Polygon (POL) ecosystem
- The project has raised $46 million so far
We’re thrilled to share that we’ve secured a strategic investment of $31 million, primarily spearheaded by FactionVC, to propel the growth of SocialFi.
— Lens (@LensProtocol) December 18, 2024
Plume Network, $20 million
- Raised $20 million in an unknown round
- Backed by Brevan Howard, HAUN, and Lightspeed
- Plume Network is developing a blockchain for scaling real-world assets (RWAs)
Today, we’re thrilled to share the exciting news that RWAfi has arrived! We’ve secured a $20M Series A investment from prominent investors spanning both the crypto and TradFi realms: BHDigitalAssets, HaunVentures, GalaxyDigital, FactionVC, Superscrypt, HashKey Capital, Laser Digital_, A Capital, 280Capital, svangel, recvcx, and several others.
— Plume Network – RWAfi L1 (@plumenetwork) December 18, 2024
Prometheum, $20 million
- Secured $20 million in an unknown round
- Prometheum is building an asset management platform
Today, we’ve disclosed a fundraising of around $20 million for this year. A big thank you goes out to all our investors who recognize the transformative possibilities in digital securities and are backing @PrometheumInc’s specialized marketplace tailored for them. We’re eagerly looking forward to unveiling this…
— Prometheum (@PrometheumInc) December 17, 2024
Funding rounds $6 million and below
- Fraction AI raised $6 million in pre-seed for AI infrastructure
- DuckChain secured $5 million for TON ecosystem development
- Fuel Network gathered $4.50 million through public sale with $0.2M FDV
- Kettle raised $4 million for NFT marketplace development
- Promeet secured $3.10 million in pre-seed funding
- Flock raised $3 million in strategic funding
- Juicyway gathered $3 million in pre-seed funding
- Silencio and Andrena each secured $2.50 million
- BitDCA raised $2 million in pre-seed funding
- Derive gathered $500,000 through public sale
- Gasp secured $450,000 through public sale
- Beam raised $250,000 in an unknown round
Read more about last week’s crypto VC funding data here.
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2024-12-21 18:04