As a seasoned researcher who has been tracking the crypto market for years, it’s fascinating to see such significant investments pouring into the blockchain ecosystem, especially at this time of year. The $250 million raised by Avalanche Labs is undoubtedly the highlight, but the collective funding across various sectors is truly impressive and a testament to the growing confidence in this space.
By mid-December, there’s been a significant increase in venture capital investment in cryptocurrencies, with the notable event being Avalanche Labs raising $250 million.
As a seasoned investor with over two decades of experience in the tech industry, I can confidently say that this week’s massive investment in blockchain infrastructure marks a significant milestone for the sector. The fact that we saw substantial investments not only in blockchain but also in AI and financial services is truly remarkable. The cumulative funding of over $400 million surpassing last week’s fundraising by nearly $180 million speaks volumes about the growing interest in these areas. This trend underscores the increasing importance of technology in our daily lives, and I am excited to see where this momentum takes us in the coming years.
Crypto.news gathered information from Crypto Fundraising for an analysis of the projects that received the largest fundings during this timeframe.
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.
In simple terms, Avalanche is revealing a $250 million private token offering, primarily backed by Galaxy Digital, Dragonfly, and ParaFi Capital. This move underscores the increasing trust in Avalanche’s blockchain infrastructure, as they gear up for the upcoming Avalanche9000 upgrade 🤝.
— 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
Latest Update: Nano Labs Reveals Ownership of More Than 360 Bitcoins Worth over $36 Million
#StockMarket #Finance $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
🥳 Terrific Announcement! 🥳
— 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
In simple terms, the startup called Exabits, which specializes in crypto-AI technologies, has secured $15 million in seed financing, primarily from Hack VC. This investment has increased their company valuation to a staggering $150 million. Exabits is dedicated to the concept of tokenizing Graphics Processing Units (GPUs), with the ultimate goal of democratizing computing power by decentralizing it. To date, they have accumulated a total of $20 million in funding and reported a quarterly revenue growth of 300%, resulting in an impressive $10 million earnings for that period. In essence, Exabits is thriving and making significant strides in the field of decentralized computing.
— 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’
— 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
With the successful $12 Million Series A funding, we can now afford more than just stickers since joining Relai App! Our ultimate goal is to completely “orange-pill” Europe.
— 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.
As an analyst, I’m thrilled to announce that Waterfall Protocol has successfully raised an impressive $11.6 million in funding. This capital influx will propel our efforts to transform the foundation of blockchain technology at the layer 1 level.
— 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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2024-12-14 17:36