✨ Crypto Projects Raised $236M in the Last Week of September
posted 30 Sept 2024
From September 23 to 29, cryptocurrency startups and projects raised $236 million in investments. Which sectors are driving the success of these crypto startups, and where did venture capitalists invest a quarter of a billion dollars?
According to Cryptorank, blockchain startups closed 19 funding rounds last week. Here’s the breakdown by investment size:
- Less than $1M: 1 round
- $1M–$3M: 3 rounds
- $1M–$10M: 7 rounds
- $3M–$10M: 2 rounds
- $20M–$50M: 2 rounds
- Over $50M: 2 rounds
In terms of sector focus, investors leaned towards blockchain services (6 rounds), DeFi projects, and standalone blockchains (5 rounds each).
The largest rounds of the week were raised by Infinex ($65.29M) and Celestia ($100M), the latter of which we’ve covered in a separate article.
You can keep track of investment activity in the cryptocurrency sector using Cryptorank’s analytics dashboard.
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