In the report dedicated to Crypto VC, it appears that in Q2 2024, crypto startups raised 2.7 billion dollars, recording an increase of +2.5% compared to Q1.
Summary
Crypto VC 2024: in Q2 investments in startups increase by +2.5% compared to Q1
The Report Crypto Q2 2024 by PitchBook shows that Venture Capital (VC) Crypto raised more money compared to Q1, with a lower number of deals.
Specifically, it seems that the funding from crypto VC dedicated to crypto startups was 2.7 billion dollars in Q2. This represents a +2.5% increase compared to what was raised in the previous quarter.
Not only that, another key piece of information describes that this Q2 result comes from a number of transactions lower than Q1, calculated at -12.5%.
In practice, these numbers indicate that the current trend of venture capital financing is towards larger transaction sizes.
PitchBook also reports that this Q2 2024 is the third consecutive quarterly increase in the value of investments, driven by the recovery of tokens listed on exchanges, the maturation of the sector, and institutional adoption.
Crypto VC 2024 and the startups that recorded the best operations in Q2
Following the Crypto VC 2024 report, it is easy to identify which startups have recorded the best financing operations in Q2.
First and foremost, there is the layer-1 platform Monad, with a Series A funding of 225 million dollars, followed by Berachain with a Series B of 100 million dollars. In third place, there is the bitcoin restaking platform Babylon with an early-stage round of 70 million dollars.
Among the other startups, there are also Farcaster, the decentralized social network, which raised 150 million dollars in a Series A round and the blockchain-based gaming platform Zentry, which raised 140 million dollars in an early-stage round.
The largest investments have been allocated to infrastructure, including financial services and scaling.
Robert Le, senior analyst at PitchBook for emerging technologies, also released his forecasts on the matter.
According to Le, the overall fundraising for 2024 will increase by 20% or more, compared to last year. The forecasts are 12-14 billion dollars for the year, compared to about 10 billion last year.
The financing of Founders Fund by Peter Thiel to Avail Blockchain
And speaking of funding for crypto startups in this Q2 2024, one cannot fail to mention the one led by Founders Fund of Peter Thiel for Avail Blockchain.
Last June 2024, in fact, Avail Blockchain obtained its Series A funding of 43 million dollars. The Polygon project, which builds a modular infrastructure, has raised a total of 75 million dollars.
In May 2024, instead, the VC crypto Founders Fund of Peter Thiel appeared among the investors also of the project Polymarket. In that case, the financing was a Series B of 45 million dollars.Â
