Mid-December has witnessed a notable increase in cryptocurrency venture capital funding, highlighted by Avalanche Labs securing an impressive $250 million.
This past week has seen one of the most significant investments in blockchain infrastructure for 2024. Cumulative funding for various sectors, including infrastructure, AI, and financial services, has exceeded $400 million, representing a substantial increase of nearly $180 million from the previous week’s totals.
ECNETNews has analyzed the latest funding data to showcase the most significant projects that attracted substantial investments during this period.
Avalanche (Ava Labs), $250 million
- Secured a remarkable $250 million in a private funding round
- Supported by major investors
- Total funding raised by Avalanche now stands at $540.5 million
Nano Labs, $36.25 million
- Raised $36.25 million in private funding
- Focuses on innovative infrastructure and storage solutions
Klickl, $25 million
- Closed a successful $25 million in Series A funding, boosting its valuation to $125 million
- Expanding Web3 banking solutions
Exabits, $15 million
- Secured $15 million in seed funding with a valuation of $150 million
- Specializes in infrastructure development, especially in tokenizing GPUs
Hyperbolic, $12 million
- Raised $12 million in Series A funding, bringing total funding to $19 million
- Supported by notable investors in the venture capital space
Relai, $12 million
- Secured $12 million in Series A funding
- Focused on building solutions within the Bitcoin ecosystem
Waterfall Protocol, $11.6 million
- Secured $11.6 million from various investors, enhancing its blockchain technology
- Total funding raised so far amounts to $13.6 million
Other Significant Funding Rounds
- 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 undisclosed round
- Sphere Labs raised $5 million in strategic funding
- Soarchain gathered $4.5 million in an undisclosed round
- SmarDex secured $4.5 million in seed funding
- Fantasy top raised $4.25 million in seed funding
- AgriDex gathered $4 million in a strategic round with a $28.5 million valuation
- 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 a $33 million valuation
- Superform Labs secured $3 million in strategic funding
- Terrace raised $2.5 million in public sale with a $25 million valuation
- 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 a $45 million valuation
Stay tuned for more insights on the latest developments in cryptocurrency venture capital funding at ECNETNews.
