Crypto VC funding: Avalanche Labs secures $250m investment

Mid-December has seen a surge in crypto VC funding, headlined by Avalanche Labs’ $250 million raise.

This week marked one of the largest single investments in blockchain infrastructure this year. The period also saw significant investments across infrastructure, AI, and financial services sectors, with cumulative funding exceeding $400 million. This is close to $180 million more than last week’s fundraise.

Crypto.news collected the data from Crypto Fundraising to analyze the projects that took home the highest funds during this period.

Avalanche (Ava Labs), $250 million

• Secured $250 million in an unknown round
• Backed by Galaxy, Dragonfly, and other major investors
• Avalanche has raised a total of $540.5 million so far.

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 with $125 million FDV
• Supported by Web3PORT and Aptos Labs
• Klickl is building CEX and payment solutions

Exabits, $15 million

• Raised $15 million in seed funding with $150M FDV
• Backed by Hack VC
• Specializing in infrastructure development

Hyperbolic, $12 million

• Secured $12 million in Series A funding
• Supported by Variant, Polychain Capital, and Chapter One
• Hyperbolic has raised a total of $19 million so far.

Relai, $12 million

• Raised $12 million in Series A funding
• Relai is building Bitcoin (BTC) ecosystem solutions
• Backed by Ego Death Capital and Timechain

Waterfall Protocol, $11.6 million

• Waterfall Protocol raised $11.6 million from investors like BOLT, Alpha Token Capital.
• The firm has raised a total of $13.6 million so far.

Notable crypto VC funding rounds under $10 million

• MegaLabs secured $10 million through public sale
• Kast raised $10 million in seed funding
• Lava gathered $10 million in Series A funding
• Commonware secured $9 million in an unknown round
• Sphere Labs raised $5 million in strategic funding
• Soarchain gathered $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 gathered $4 million in strategic round with $28.50M FDV
• Neptune Protocol secured $3.9 million in seed funding
• Spicenet raised $3.4 million in seed funding
• Glacier Labs gathered $3.37 million in public sale with $33M FDV
• Superform Labs secured $3 million in strategic funding
• Terrace raised $2.5 million in public sale with $25M FDV
• Uranium Digital secured $1.7 million in pre-seed funding
• Mandala Chain raised $1 million in pre-seed funding
• Wild Forest gathered $100,000 in public sale with $45M FDV

Read more about last week’s crypto VC funding data here.