December 10, 2024
Here’s your Weekly Wrap of all things crypto funding, ending December 7, 2024.
This week's crypto funding landscape was marked by substantial investments across key blockchain sectors, reflecting strong investor confidence and sustained interest in emerging technologies. The total disclosed funding reached $809.35 million across multiple projects, with Mining, Investing, and FinTech emerging as the standout categories. These sectors collectively demonstrated blockchain’s expanding role in driving financial infrastructure, digital investments, and decentralized operations.
The Mining sector led the week, raising a significant $500 million, highlighting the increasing demand for digital infrastructure and energy-efficient Bitcoin mining. Riot Platforms, a major player in Bitcoin mining and digital infrastructure, dominated the category with its $500 million raise, signaling continued investment in scaling blockchain ecosystems.
The Investing sector followed closely, securing $135 million in total funding. Public, a leading multi-asset investing platform, stood out with its $135 million raise, underscoring the rising demand for democratized access to financial markets and investment diversification.
The FinTech category saw robust activity with $45 million raised across innovative projects focused on regulated payments and financial management tools. Klickl led the way with $25 million, while Brighty and Interlace each secured $10 million, reinforcing the sector’s emphasis on digital payment solutions, asset management, and global expansion.
The week's funding highlights the continued growth and diversification of blockchain-driven solutions across infrastructure, investment, and financial services, signaling a positive outlook for the broader crypto and Web3 ecosystem.
Below is a detailed breakdown of the standout sectors and their significant projects.
Category | Organization Name | Project Description | Money Raised this Round |
AI |
|
| 33,600,000 |
Earos | AI Agent Digital Twin project | 10,000,000 | |
GAIB | Crypto AI Compute firm | 5,000,000 | |
Hyperbolic | Building a Verifiable High-Performance AI | 12,000,000 | |
OpenPad AI | Decentralized AI Analytics for Data-backed Investment Strategies firm | 2,000,000 | |
Scrypted | Building decentralized AI agents and the Inori Network | 1,500,000 | |
Sekai | AI story platform leveraging Story Protocol | 3,100,000 | |
Bitcoin |
|
| 33,000,000 |
BLIFE Protocol | Bringing Web3 to Bitcoin | 7,000,000 | |
Fiamma | Bitcoin with ZK and BitVM2 firm | 4,000,000 | |
Lava | Bitcoin Lending Platform | 10,000,000 | |
Relai | Self-custodial bitcoin-only app | 12,000,000 | |
Torram | Bitcoin-native infrastructure toolkit | UNDISCLOSED | |
DeFi |
|
| 15,400,000 |
BounceBit | Firm offering CeDeFi Products | UNDISCLOSED | |
Decentralized SuperApp | 2,000,000 | ||
LSP Finance | Liquid Staking Protocol | 1,000,000 | |
Neptune | Building $USDN | 3,900,000 | |
Suilend | Lending and borrowing platform on SuiNetwork | 6,000,000 | |
SuperFi Labs | DeFi Infrastructure provider | 2,500,000 | |
DePIN |
|
| 11,500,000 |
Spexi | FLY-TO-EARN drone imagery network | 11,500,000 | |
FinTech |
|
| 45,000,000 |
Brighty | Digital Finance App | 10,000,000 | |
Holyheld | Crypto payments firm | UNDISCLOSED | |
Interlace | Card issuance and digital asset management platform | 10,000,000 | |
Klickl | MENA Regulated Custody and Payment Platform | 25,000,000 | |
Gaming |
|
| 1,250,000 |
Ancient8 | Gaming Chain on Optimism | 1,250,000 | |
Investing |
|
| 135,000,000 |
Public | Multi-asset investing platform | 135,000,000 | |
Layer 1 |
|
| 5,600,000 |
Haven1 | EVM Layer 1 blockchain | 4,600,000 | |
Mandala Chain | L1 Retail, Government, & Enterprise in Emerging Markets | 1,000,000 | |
Mining |
|
| 500,000,000 |
Riot Platforms | Bitcoin Mining and Digital Infrastructure Company | 500,000,000 | |
RWA |
|
| 5,600,000 |
Midas RWA | RWA Investment Product firm | 5,000,000 | |
Redbelly Network | RWA issuer | 600,000 | |
Security |
|
| 5,400,000 |
CAT Labs | Firm creating tools to fight tech-enabled crime | 5,400,000 | |
Web3 |
|
| 6,000,000 |
Binary Holdings | Decentralized technology company | 5,000,000 | |
Dechat | Web3 communications protocol | 1,000,000 | |
X-to-earn |
|
| UNDISCLOSED |
Bounty Bay | Web3-based marketing platform | UNDISCLOSED | |
ZK |
|
| 12,000,000 |
Gevulot | High-performance L1 ZK proving network | UNDISCLOSED | |
Union Build | Cross-chain protocol designed for messaging, intents, and chain abstraction | 12,000,000 | |
Grand Total |
|
| 809,350,000 |
Mining
The Mining category led this week’s funding, raising $500 million across two major projects. This reflects the growing demand for digital infrastructure and advancements in blockchain mining technologies.
Riot Platforms: Raised $500 million to expand its Bitcoin mining and digital infrastructure operations. Riot Platforms is a leader in the industry, investing heavily in next-generation mining technologies and facilities to increase Bitcoin mining capacity and enhance blockchain sustainability.
The Mining sector remains a critical area of growth, with a clear focus on scaling operations to meet the increasing demand for blockchain infrastructure.
Investing
The Investing sector raised a total of $135 million, showcasing continued interest in democratizing financial access through innovative platforms.
Public: Secured $135 million to expand its multi-asset investing platform, offering users the ability to invest in a wide range of assets, including stocks, ETFs, and cryptocurrencies. The new capital will enhance Public's product offerings, improve user experience, and extend its reach into new international markets.
The Investing space continues to draw substantial investor attention, with platforms like Public at the forefront of making investment opportunities more accessible.
FinTech
The FinTech sector raised $45 million across key projects driving innovation in financial services and payment systems.
Klickl: Raised $25 million to expand its regulated custody and payment platform across the MENA region. Klickl provides secure and compliant digital asset custody and payment services to financial institutions.
Brighty: Secured $10 million to enhance its suite of financial services, including savings, payments, and asset management tools. The funds will help Brighty scale its operations and further develop its platform for international markets.
Interlace: Raised $10 million to enhance its card issuance and digital asset management platform. Focused on enabling seamless integration for digital asset payments, the capital will support the platform’s expansion and improve its offerings for the growing global financial infrastructure.
The FinTech sector continues to evolve rapidly, with projects like Klickl, Brighty, and Interlace at the forefront of developing digital financial services and expanding the global reach of blockchain-powered solutions.
Conclusion
This week’s crypto funding highlights the dominance of the Mining, Investing, and FinTech sectors, which collectively attracted substantial investor attention. Riot Platforms’ $500 million raise underscores the growing importance of digital infrastructure in the blockchain ecosystem. In the Investing sector, Public’s $135 million funding reflects the increasing demand for accessible investment platforms. Meanwhile, Klickl, Brighty, and Interlace continue to drive innovation in the FinTech space, raising $45 million in total. These sectors represent the continued growth and diversification within the crypto and blockchain industry.
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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