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crypto.news 2024-12-21 14:56:04

Crypto VC funding roundup: Riot snags over $594m, BVNK raises $50m

The third week of December 2024 marked a major moment in crypto funding, with Riot securing a $594.40 million investment. This represents one of the largest capital raises in the Bitcoin ( BTC ) ecosystem this year. The last seven days showcased investor confidence in established blockchain platforms. The total investments have surpassed $715 million across various sectors. Crypto.news collected the data from Crypto Fundraising to select the projects that raised the most funds during this period. You might also like: Michael Saylor is willing to advise Trump on the crypto policy Riot, $594.4 million Secured $594.4 million in an unknown round Riot focuses on Bitcoin ecosystem development The company has raised $1.15 billion so far The fundraises represents one of the largest raises in crypto for 2024 BVNK, $50 million Raised $50 million in Series B funding with $750 million FDV Backed by HAUN, Coinbase Ventures, and Tiger Global BVNK is developing payment and stablecoin solutions The project has raised $90 million in total We've raised $50 million to fuel the next era of stablecoin payments, with @HaunVentures , @cbventures , @ScribbleVC , Tiger-Global and Avenir. We’re still focused on accelerating global money movement and empowering businesses to grow. This funding enables us to bring… pic.twitter.com/g8VDGb6gbA — BVNK (@BVNKFinance) December 17, 2024 Lens Protocol, $31 million Secured $31 million in strategic funding Supported by Lightspeed Faction and Avail Lens Protocol is building social networking on the Polygon ( POL ) ecosystem The project has raised $46 million so far We're excited to announce a $31 million strategic raise led by @FactionVC to fuel the rise of SocialFi. pic.twitter.com/NiGAc91d44 — Lens (@LensProtocol) December 18, 2024 Plume Network, $20 million Raised $20 million in an unknown round Backed by Brevan Howard, HAUN, and Lightspeed Plume Network is developing a blockchain for scaling real-world assets (RWAs) RWAfi is here. Today, we’re proud to announce our $20M Series A from leading investors in both crypto and TradFi: @BHDigitalAssets , @HaunVentures , @GalaxyDigital , @FactionVC , @Superscrypt , @HashKey_Capital , @LaserDigital_ , A Capital, @280Capital , @svangel , @recvcx , and others. pic.twitter.com/hgkG3favDg — Plume Network – RWAfi L1 (@plumenetwork) December 18, 2024 Prometheum, $20 million Secured $20 million in an unknown round Prometheum is building an asset management platform Today we announced a capital raise of approximately $20 million this year. Thank you to all of our investors who see the transformative potential in #digitalassetsecurities —and in @PrometheumInc ’s purpose-built marketplace designed to support them. We can’t wait to bring this… — Prometheum (@PrometheumInc) December 17, 2024 Funding rounds $6 million and below Fraction AI raised $6 million in pre-seed for AI infrastructure DuckChain secured $5 million for TON ecosystem development Fuel Network gathered $4.50 million through public sale with $0.2M FDV Kettle raised $4 million for NFT marketplace development Promeet secured $3.10 million in pre-seed funding Flock raised $3 million in strategic funding Juicyway gathered $3 million in pre-seed funding Silencio and Andrena each secured $2.50 million BitDCA raised $2 million in pre-seed funding Derive gathered $500,000 through public sale Gasp secured $450,000 through public sale Beam raised $250,000 in an unknown round Read more about last week’s crypto VC funding data here . Read more: NFT sales surge 33% to $302m: Pudgy Penguins #4611 goes for almost $494k

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