Crypto VC funding roundup: Riot snags over $594m, BVNK raises $50m

The third week of December 2024 marked a major moment in crypto funding, with Riot securing a $594.40 million investment.

This represents one of the largest capital raises in the Bitcoin (BTC) ecosystem this year. The last seven days showcased investor confidence in established blockchain platforms. The total investments have surpassed $715 million across various sectors.

Crypto.news collected the data from Crypto Fundraising to select the projects that raised the most funds during this period.

Riot, $594.4 million

• Secured $594.4 million in an unknown round
• Riot focuses on Bitcoin ecosystem development
• The company has raised $1.15 billion so far
• The fundraises represents one of the largest raises in crypto for 2024

BVNK, $50 million

• Raised $50 million in Series B funding with $750 million FDV
• Backed by HAUN, Coinbase Ventures, and Tiger Global
• BVNK is developing payment and stablecoin solutions
• The project has raised $90 million in total

Lens Protocol, $31 million

• Secured $31 million in strategic funding
• Supported by Lightspeed Faction and Avail
• Lens Protocol is building social networking on the Polygon (POL) ecosystem
• The project has raised $46 million so far

Plume Network, $20 million

• Raised $20 million in an unknown round
• Backed by Brevan Howard, HAUN, and Lightspeed
• Plume Network is developing a blockchain for scaling real-world assets (RWAs)

Prometheum, $20 million

• Secured $20 million in an unknown round
• Prometheum is building an asset management platform

Funding rounds $6 million and below

• Fraction AI raised $6 million in pre-seed for AI infrastructure
• DuckChain secured $5 million for TON ecosystem development
• Fuel Network gathered $4.50 million through public sale with $0.2M FDV
• Kettle raised $4 million for NFT marketplace development
• Promeet secured $3.10 million in pre-seed funding
• Flock raised $3 million in strategic funding
• Juicyway gathered $3 million in pre-seed funding
• Silencio and Andrena each secured $2.50 million
• BitDCA raised $2 million in pre-seed funding
• Derive gathered $500,000 through public sale
• Gasp secured $450,000 through public sale
• Beam raised $250,000 in an unknown round

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