Key Points
The most recent data reveals SecondLive and RD Technologies as the startups with the highest fundraising volumes this week.
Despite a lower number of disclosed venture rounds this week compared to previous weeks, 2024’s crypto venture capital activity is on track to exceed 2023’s total of $2.6 billion, as per data from PitchBook.
By July 30, a total of $2.2 billion had been raised across 24 funds.
This is still significantly lower than the $22.7 billion total for 2022.
The data was compiled by Crypto Fundraising from September 29 to October 5.
Top Fundraisers
SecondLive, a metaverse platform allowing users to create personal avatars, has raised $15 million in total.
The most recent private round, led by Crypto.com, brought in $12 million.
RD Technologies, a fintech firm focusing on payments and commerce, raised $7.8 million in a Series A round.
The round was led by HongShan, HIVEMIND, and Aptos Labs.
LAYER, an Ethereum (ETH) scaling solution enabling developers to write blockchain applications in various languages, recently raised $6 million in seed funding.
The round was led by 1Kx.
Synnax Technologies, a platform offering AI credit intelligence for privacy-focused credit analysis, has raised a total of $2.55 million.
The latest round, led by WINTERMUTE and Ton Ventures, raised $1.55 million.
Sophon, which provides an architecture for seamless handling of applications like gaming and socialfi, has raised a total of $70 million.
The amount invested in the latest round by Binance Labs has not yet been disclosed.