The yr 2024 reportedly performed a noteworthy function in shaping the crypto market with many outstanding fundraising occasions. As per the information from Phoenix Group, the initiatives like Bridge, Rubmle, Avalanche, and MONAD led the market with substantial fundraising quantities. The on-chain analytics supplier shared the checklist of those occasions on its X account.
Bridge Dominates the Outstanding Fundraising Tasks of 2024 with $1.1B
Consistent with the information, Bridge stood out as the1st main crypto fundraising venture with a shocking $1.1B led by Stripe. Subsequently, Rumble took the twond place when it comes to the raised quantity of as much as $775M underneath the lead of Tether. Following that, Avalanche obtained the threerd place with $250M in fundraising led by Galaxy Digital, Dragonfly Capital, and extra. Subsequently, Monad acquired as much as $225M within the fundraising throughout 2024 led by Electrical Capital and Paradigm.
Moreover, Blockstream secured almost $210M, led by Fulgur Ventures. Along with this, Bitstamp successfully bought $200M in its fundraising with Robinhood because the main venture. Subsequently, Hut 8 Mining occupied the 7th spot within the checklist of the highest fundraising occasions witnessed throughout this yr. The venture reportedly accounted for $150M on this respect, with Coatue because the main investor. Furthermore, Bitdeer efficiently collected $150M in its fundraising efforts with Tether because the main platform.
Aside from that, Farcaster attained the 9th place amongst 2024’s dominant fundraising occasions. It acquired $150M with Paradigm, Normal Crypto, Huan, Variant, and extra main traders. After that, the fundraising endeavors of Public led to a group of $135M with Accel because the main investor. Together with that, Allo witnessed a fundraising of $100M whereas the lead traders included Morningstar Ventures, NGC Ventures, and Gate.io Labs. The following venture on the checklist is Celestia with a $100M in its fundraising. Syncracy, Placeholder, Robotic Ventures, Bain Capital Crypto, and 1k(x).
Story Protocol Bottoms the Record with $80M in Fundraising throughout 2024
The checklist strikes on to incorporate Berachain within the 13th spot among the many high fundraising occasions seen throughout your entire 2024. It noticed a cumulative fundraising quantity of virtually $100M. Its main traders took under consideration, Brevan Howard, Tribe Capital, Hack VC, Framework, Hashkey Capital, Polychain Capital, Arrington Capital, Hypersphere, and Samsung Subsequent.
Eigen Layer recorded a fundraising of $100M with a16zcrypto because the main investor. Coming after that, Sentient claimed $85M in fundraising, with Pantera, HAshkey Capital, Spartan, Framework, Hypersphere, Delphi Ventures, Arrington, Robotic Ventures, and Hack VC as the important thing traders. Nevertheless, Story Protocol gained the 16th rank with $80M raised whereas Polychain Capital and a16zcrypto led this fundraising.
