The year 2024 made waves in the cryptocurrency market with numerous prominent fundraising events. According to data from Phoenix Group, projects like Bridge, Rumble, Avalanche, and MONAD took the lead in fundraising amounts. Bridge emerged as the top fundraising project of 2024, securing an impressive $1.1 billion led by Stripe. Rumble followed closely behind, raising $775 million under the leadership of Tether. Avalanche came in third with $250 million in fundraising, led by Galaxy Digital and Dragonfly Capital. MONAD also made a mark with $225 million raised, with support from Electrical Capital and Paradigm.
Blockstream garnered nearly $210 million in fundraising, with Fulgur Ventures at the helm. Bitstamp raised $200 million with Robinhood as the leading investor. Hut 8 Mining claimed the 7th spot on the list with $150 million raised, backed by Coatue. Bitdeer also saw success in fundraising, collecting $150 million with Tether as the primary platform. Farcaster secured the 9th position with $150 million, supported by Paradigm, Standard Crypto, Huan, Variant, and others. Public raised $135 million with Accel as the leading investor, while Allo raised $100 million with investments from Morningstar Ventures, NGC Ventures, and Gate.io Labs. Celestia also raised $100 million, with investment from Syncracy, Placeholder, Robot Ventures, Bain Capital Crypto, and 1k(x).
Further down the list, Berachain claimed the 13th spot with nearly $100 million in fundraising. Brevan Howard, Tribe Capital, Hack VC, Framework, Hashkey Capital, Polychain Capital, Arrington Capital, Hypersphere, and Samsung Next were among the leading investors in Berachain. Eigen Layer raised $100 million with a16zcrypto as the top investor. Sentient secured $85 million in fundraising, with investments from Pantera, Hashkey Capital, Spartan, Framework, Hypersphere, Delphi Ventures, Arrington, Robot Ventures, and Hack VC. Story Protocol rounded out the list with $80 million raised, led by Polychain Capital and a16zcrypto.
Overall, 2024 was a significant year for fundraising in the cryptocurrency market, with several projects attracting substantial investment. The top fundraising projects of the year included Bridge, Rumble, Avalanche, and MONAD, each raising impressive amounts led by prominent investors. These fundraising events highlight the growing interest and confidence in the cryptocurrency industry, with investors eager to support innovative and promising projects. As the crypto market continues to evolve, fundraising events like those seen in 2024 play a crucial role in driving growth and innovation within the industry. With strong investor support and growing interest in cryptocurrency projects, the future looks bright for the market as it continues to expand and attract new participants.
