2024

April

when

Optimism

Crypto venture capital funding has topped $1 billion for the second consecutive month this year.
April’s $1.02 billion in funding came across 161 investment rounds in April, marking a minor fall from the $1.09 billion recorded from 186 rounds in March, <a href="https://www.rootdata.com/dashboard" target="_blank" rel="noopener nofollow">according</a> to RootData.
However, it is the first time since October–November 2022 that the industry has recorded two straight funding months above $1 billion.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-05/4cd95ec4-fcf0-4764-af6f-eb1edfd0ac89.png" alt="" title="">
 <figcaption style="text-align: center;">
 Monthly cryptocurrency venture funding amounts since January 2022. Source: RootData
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Among the most notable fundraises include a <a href="https://cointelegraph.com/news/securitize-blackrock-47m-funding-round">BlackRock-led $47-million investment</a> into real-world asset tokenization firm Securitize and a massive <a href="https://cointelegraph.com/news/paradigm-leads-225m-funding-solana-killer">$225-million investment into Monad</a>,&nbsp;a new so-called “Solana killer” layer-1 blockchain backed by Paradigm and Coinbase Ventures.
The teams behind blockchain infrastructure startup Auradine and Cosmos-based layer-1 blockchain Berachain also received $80 million and $100 million in funding, respectively.
Blockchain infrastructure firms received the most venture capital funding in 2024 at $1.7 billion, while decentralized finance protocols come in second at $626 million.
Decentralized autonomous organizations were the least-funded, having only received $3 million so far in 2024.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-05/76c460f9-6700-4ec6-88e2-3fe3428f4be5.png" alt="" title="">
 <figcaption style="text-align: center;">
 Blockchain and cryptocurrency venture capital funding by sector in 2024. Source: RootData
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</figure>
Over $3.67 billion in funds have poured into the industry across 604 funding rounds so far in 2024, which is on track to clear the $9.3 billion raised in 2023.
More than $100 billion in funding has now flowed into the blockchain industry across 5,195 funding rounds since June 2014, <a href="https://defillama.com/raises" target="_blank" rel="noopener nofollow">according</a> to DefiLlama.
Related: <a href="https://cointelegraph.com/news/crypto-vc-spending-surges-march-with-1-billion-funding">Crypto VC funding surged 53% in March, Optimism wins largest share</a>
It comes as venture capital firms&nbsp;<a href="https://cointelegraph.com/news/pantera-capital-seeks-one-billion-raise-for-new-crypto-fund">Pantera Capital</a> and <a href="https://cointelegraph.com/news/paradigm-seeks-850-millon-for-crypto-fund">Paradigm</a>&nbsp;seek&nbsp;$1 billion and $850 million, respectively, for new cryptocurrency funds. 
A $1-billion raise from Pantera Capital would be the largest for the cryptocurrency industry since May 2022, when Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) <a href="https://cointelegraph.com/news/andreessen-horowitz-closes-4-5-billion-crypto-fund-amid-market-turmoil">raised a record-setting $4.5 billion</a>.
Interestingly, a16z said it raised $7.2 billion to invest in several technology sectors in May, including artificial intelligence and gaming — but elected not to top up its cryptocurrency-focused fund.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/learn-to-pitch-like-a-man-helping-female-crypto-founders-blast-off/">The secret of pitching to male VCs: Helping female crypto founders blast off</a>

Crypto venture capital funding hits $1B for second straight month

Cointelegraph

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