August 2024 Crypto Funding Brief
Welcome to the second edition of our Monthly Crypto Funding Brief. Each month, we will provide you with the latest activities in the fundraising landscape. This newsletter aims to keep you informed about key developments, significant fundraises, active investors, and upcoming token unlocks, helping you stay ahead in the dynamic world of investments.
In this edition:
Monthly Fundraising Highlights?
In August 2024, 167 companies in crypto raised a total of approximately $981 million, with the largest publicly disclosed raise being Story Protocol’s $80 million Series B round.
Additionally, there were six acquisitions: Bware Labs was acquired by Alchemy, Starfish Technologies by Humans.ai, Code4rena by Zellic, IX Swap by InvestaX, Nautilus Chain by 3Base, and ETC Group by Bitwise.
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Top 5 Largest Venture Funding Rounds
Top 5 Most Active Investors
领英推荐
Distribution of Fundraises by Company Category
In August, DeFi topped the chart, with 30 companies raising approximately $210 million in funding. Gaming & Metaverse showed significant activity with 20 companies raising a total of approximately $65 million.
Distribution of Fundraises by Stage
While Seed rounds continue to dominate the fundraising landscape in August in terms of the number of deals, with 54 companies raising funds, Series A rounds secured a higher total funding amount. Specifically, 17 companies raised Series A rounds for a total of approximately $274 million, compared to the $261 million raised in Seed rounds.
Token Unlocks for August/September
This chart highlights the key token unlocks for August and September 2024. Notably, Sui tops the list by unlocking approximately $350 million worth of tokens over these two months. The size and color of the circles indicate the magnitude of these unlock events in numeric USD value.
We're excited to release the first report in The Canton Network Series: a 5-part series of reports covering The Canton Network’s vision for the digital asset industry. Check out the report to learn more about The Canton Network >>
This newsletter is for informational purposes only and is not investment or trading advice. You are fully responsible for any decisions you make; The TIE Inc. is not liable for any loss or damage caused by reliance on information provided. For investment advice, please consult a registered investment advisor.