September 2024 Crypto Funding Brief
Welcome to 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 September 2024, 200 companies in crypto raised a total of approximately $823 million, with the largest publicly disclosed raise being @Celestia Foundation's $100 million raise for its ecosystem fund.
The month also saw significant merger and acquisition activity in the space. Notable transactions included Jupiter's acquisition of both SolanaFM and Coinhall, Kraken's purchase of BCM, and Nansen's acquisition of Stakewithus. Additionally, Nirvana Labs acquired Vektor, while Mask Network expanded its portfolio by acquiring Nametag.
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Top 5 Largest Venture Funding Rounds
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Top 5 Most Active Investors
Distribution of Fundraises by Company Category
In September, DeFi topped the chart with 33 companies securing funding. Meanwhile, Protocol Development led by total amount raised, with approximately $192 million in funding across its category.
Distribution of Fundraisers by Stage
Seed rounds continue to dominate the fundraising landscape in September in terms of the number of deals, with 41 companies raising funds. Strategic rounds secured a higher total funding amount, mainly attributed to Celestia Foundation and TON Foundations’ raises for their ecosystem funds.
Token Unlocks for September/October
This chart highlights the key token unlocks for September and October 2024. Notably, Celestia tops the list by unlocking approximately $800 million worth of tokens in October. The size and color of the circles indicate the magnitude of these unlock events in numeric USD value.
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.