Top October 2024 Crypto Investments: $782 Million Total
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According to RootData statistics, 95 publicly disclosed crypto VC investments occurred in October, representing a 3.06%decrease from September’s 98 rounds. October’s total fundraising amount reached $782 million, a 28.84% increase compared to the $607 million raised in September. Notable Increase in Crypto VC Investments Venture capital activity acts as a crucial barometer of major investors’ interest and confidence in the crypto market. Although October saw the lowest number of publicly disclosed crypto VC rounds in 2024, with only 95 deals, investor commitment remained strong. Despite fewer rounds, the total funds raised surged, reaching $782 million — a significant increase from the $607 million raised in September. The rise in funding volume highlights an optimistic outlook among investors, even amid economic and political shifts. Read more: Best Investment Apps in 2024 Crypto Fundraising Trends. Source: RootData Interestingly, the allocation of funds across sectors has shifted significantly. In September, infrastructure and DeFi projects captured over half of the total investment value. In October, the infrastructure sector led with $249 million raised, while gaming, DeFi, and CeFi followed with $92.5 million, $88.8 million, and $70.18 million, respectively. Blockstream’s $210 Million Round Steals the Spotlight October’s largest funding event was Blockstream’s $210 million round, led by investment firm Fulgur Ventures. The funds will support the adoption and development of Blockstream’s Layer-2 technologies and expansion of its mining operations. Azra Games raised $42 million from Pantera Capital, with contributions from A16z Crypto, A16z Games, and NFX, to accelerate the development of its mobile role-playing game, Project Legends. Read more: Top Blockchain Companies in 2024 Most Funded Crypto Projects of Octover 2024. Source: RootData Yellow Card, a South African centralized exchange and the largest licensed stablecoin on/off-ramp in Africa, secured $33 million in a Series C round led by Blockchain Capital. This latest funding brings Yellow Card’s total equity financing to $85…
Filed under: News - @ November 2, 2024 6:27 pm