March and April have witnessed staggering amounts of investments in the crypto space
For the second straight month this year, crypto venture capital funding has exceeded $1 billion. This achievement is the first time it’s happened in consecutive months since October and November 2022. There were 161 investment rounds in April, with a total funding of $1.02 billion. This is a slight decrease compared to March, when 186 rounds amounted to $1.09 billion in funding, as reported by RootData.
Two standout investments that gained attention were a BlackRock-led $47 million investment in Securitize, a real-world asset tokenization firm, and an enormous $225 million investment into Monad. The latter is a new layer-1 blockchain being called a “Solana killer” and backed by Paradigm and Coinbase Ventures.
Auradine, a blockchain infrastructure startup, and Berachain, a Cosmos-based layer-1 blockchain, also had massive funding rounds, securing $80 million and $100 million in funding, respectively. Blockchain infrastructure firms gained the most funding in 2024, at $1.7 billion, with decentralized finance protocols a distant second at $626 million.
The 604 funding rounds held in 2024 have raised over $3.67 billion, on pace to surpass the $9.3 billion raised last year. DefiLlama reports that over $100 billion was raised in 5,195 total funding rounds since June 2014.Â
VC firm Pantera Capital is seeking $1 billion for its new crypto fund, which would be the largest in the industry since Andreessen Horowitz (a16z) raised $4.5 billion in May 2022. In May, the venture capital firm announced that it raised $7.2 billion to invest in the AI and gaming sectors.
