Crypto venture capital funding has sustained its remarkable momentum, achieving over $1 billion for the second consecutive month. According to RootData, April saw $1.02 billion raised across 161 investment rounds, just shy of March’s $1.09 billion sourced from 186 rounds. This marks the first instance of back-to-back months bridging the $1 billion threshold since the end of 2022.
Some of the most significant fundraising initiatives included a $47 million investment in Securitize, a firm specializing in real-world asset tokenization, led by BlackRock. Monad, a fresh competitor in the layer-1 blockchain scene often referred to as the “Solana killer”, also received an impressive $225 million in a round backed by Paradigm and Coinbase Ventures. In addition, the teams fueling blockchain infrastructure startup Auradine and Cosmos-based layer-1 blockchain Berachain, received $80 million and $100 million in funds respectively.
Data shows that blockchain infrastructure companies commanded the most venture capital in 2024 so far, attracting a whopping $1.7 billion. Decentralized finance protocols weren’t far behind, raking in $626 million. Compared to this, decentralized autonomous organizations had a relatively meager share, pocketing only $3 million this year to date.
In 2024, the crypto industry has already pulled in over $3.67 billion through 604 funding rounds, setting it on course to surpass the $9.3 billion collected last year. It’s worth noting that more than $100 billion has flowed into the blockchain sector since June 2014, across over 5000 rounds of funding.
In another noteworthy development, VC firms Pantera Capital and Paradigm are planning to raise $1 billion and $850 million respectively for new cryptocurrency funds. If successful, Pantera Capital’s raise will constitute the biggest for the cryptocurrency industry since May 2022. Notably, Andreessen Horowitz set a record back then, amassing an incredible $4.5 billion.