Crypto VC Investment Surpasses 1B Dollars Mark Two Months in a Row

Crypto News- In April, the crypto world witnessed yet another surge in venture capital investment, crossing the coveted $1 billion threshold for the second consecutive month. RootData’s latest report reveals that April saw a total of $1.02 billion spread across 161 investment rounds, slightly dipping from March’s $1.09 billion across 186 rounds.

Crypto VC Investment Surpasses 1B Dollars Mark Two Months in a Row

This achievement marks a significant milestone not seen since October-November 2022, with two consecutive months of funding surpassing the $1 billion mark. Among the standout investments were BlackRock’s $47 million injection into Securitize, a leading real-world asset tokenization firm, and a whopping $225 million backing of Monad, dubbed as the potential ‘Solana killer,’ supported by heavyweights like Paradigm and Coinbase Ventures.

Other notable beneficiaries include Auradine and Berachain, receiving $80 million and $100 million respectively for their blockchain infrastructure projects.

Highlighting the trends, blockchain infrastructure firms emerged as the top recipients, bagging a staggering $1.7 billion in 2024, closely followed by decentralized finance protocols with $626 million.

However, decentralized autonomous organizations (DAOs) seem to have drawn the short straw, securing a mere $3 million in funding for the year so far.

Nonetheless, the overall industry is booming, with over $3.67 billion injected across 604 funding rounds in 2024, well on its way to surpassing the $9.3 billion raised in the previous year.

Venture Capital Titans Prepare for Crypto Fund Boosts

The cumulative investment in blockchain now stands at a staggering $100 billion across 5,195 funding rounds since June 2014, as reported by DeFiLlama. Notably, VC giants Pantera Capital and Paradigm are gearing up for substantial raises of $1 billion and $850 million for new crypto funds.

Pantera Capital’s potential $1 billion raise would be the largest since May 2022, when a16z set a record with a $4.5 billion raise. Interestingly, a16z recently raised $7.2 billion for investments across various tech sectors, excluding a top-up for their crypto-focused fund.