State of Crypto Fundraising: Q2 2024

  • Pro
  • Web3
  • Modular Chains
  • Fundraising
  • AI
  • Stablecoins
  • Interoperability

Key Insights

  • Fundraising volume increased 22.5% QoQ, continuing an upward trend. However, June's fundraising volume decreased by 33.8% from May's, reflecting a possible slowdown in funding as markets cooled.
  • The most notable deals included Monad ($225 million), Farcaster ($150 million), Berachain ($100 million), Polymarket ($70 million), Babylon ($70 million)
  • Paradigm dominated fundraising among VCs, leading 3 of the top 5 early-stage deals this quarter.
  • The Networks Sector saw the most fundraising volume this quarter at $857 million, accounting for 23.7% of total fundraising volume.

Deal volume grew by 22.5% in Q2 to $3.65B, while deal count rose by 25.3% to $902 million QoQ. The Networks Sector raised the most of any sector, at $857 million, with the Financial Sector following closely in second at $773 million and the Infrastructure Sector in third at $687 million. Paradigm dominated funding among venture capitalists, leading 3 of the 5 largest early-stage deals this quarter.

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