Avalanche Labs secures $250m investment
Mid-December saw a surge in crypto VC funding, headlined by Avalanche Labs’ $250 million raise.
This week marked one of the largest investments in blockchain infrastructure this year. The period also saw significant investments in the infrastructure, AI and financial services sectors, with cumulative funding exceeding $400 million. This represents almost $180 million more than last week’s fundraiser.
Crypto.news collected data from Crypto Fundraising to analyze the projects that won the highest funds during this period.
Avalanche (Ava Labs), $250 million
- Obtained $250 million in an unknown round
- Backed by Galaxy, Dragonfly and other major investors
- Avalanche has raked in a total of $540.5 million so far.
https://twitter.com/avax/status/1867199983721529659
Nano Labs, $36.25 million
- Raised $36.25 million in private funding
- Nano Labs focuses on infrastructure and storage solutions
Klickl, $25 million
- Secured $25 million in Series A funding, including $125 million in FDV
- Supported by Web3PORT and Aptos Labs
- Klickl builds CEX and payment solutions
https://twitter.com/klicklofficial/status/1866402591498014951
Exabits, $15 million
- Raised $15 million in seed funding with $150 million FDV
- Supported by Hack VC
- Specialized in infrastructure development
Hyperbolic, $12 million
- Secured $12 million in Series A funding
- Supported by Variant, Polychain Capital and Chapter One
- Hyperbolic has so far raised a total of $19 million.
Relay, $12 million
- Raised $12 million in Series A funding
- Relay builds Bitcoin (BTC) ecosystem solutions
- Supported by Ego Death Capital and Timechain
https://twitter.com/satoshibaggins/status/1866462268567007595
Waterfall Protocol, $11.6 million
- Waterfall Protocol raised $11.6 million from investors like BOLT, Alpha Token Capital.
- The company has so far raised a total of $13.6 million.
Notable crypto VC funding rounds under $10 million
- MegaLabs secured $10 million through public sale
- Kast raised $10 million in seed funding
- Lava raised $10 million in Series A funding
- Commonware Raised $9 Million in Unknown Round
- Sphere Labs raised $5 million in strategic funding
- Soarchain raised $4.5 million in an unknown round
- SmarDex secured $4.5 million in seed funding
- Fantasy Top raised $4.25 million in seed funding
- AgriDex raised $4 million in a strategic round including $28.50 million FDV
- Neptune Protocol Secures $3.9 Million in Seed Funding
- Spicenet raised $3.4 million in seed funding
- Glacier Labs raised $3.37 million in public sale with $33 million from FDV
- Superform Labs Secures $3 Million in Strategic Funding
- Terrace raised $2.5 million in public sale with $25 million from FDV
- Uranium Digital secured $1.7 million in pre-seed funding
- Mandala Chain raised $1 million in pre-seed funding
- Wild Forest raised $100,000 in public sale with $45 million from FDV
Read more about last week’s crypto VC funding data here.
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