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January 2024 Crypto Fundraising Report
Key Insights
- Overall, deal volume trended slightly down month over month, though early-stage deals enjoyed a 68% increase month over month.
- The biggest raises belonged to exchange Hashkey Group, bitcoin miners core Scientific and Canaan, social platform Freechat, and market-making desk Flowdesk.
- Top deals of interest include Ingonyama’s, Polymer’s, DIMO, imgnAI, and Renzo.
Fundraising was slightly down as large, end of market deals slowed down in January. The largest deals were still dominated by exchanges and miners, with one upside surprise from Freechat, a WeChat-styled social app. As we will see, the type and range of raises expanded the earlier in stage we go.
Deal Trends by Investment Stage
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Mentioned Assets