Venture Capital Firms Put Over $1B in Crypto Sector Second Month in a Row

Venture Capital crypto

YEREVAN (CoinChapter.com) — Venture capital firms invested more than $1.02 billion in the crypto sector in April, showing strong confidence for the second month in a row. While slightly lower than March’s $1.09 billion, which spanned 186 rounds, April’s investments were distributed across 161 rounds. This consistent investment level hasn’t been observed since the end of 2022.

Monthly cryptocurrency venture funding amounts since January 2022. Source: RootData

BlackRock Leads the Crypto Funding Rounds

Leading the charge in April’s funding was BlackRock, which spearheaded a $47 million round into Securitize, a firm innovating in real-world asset tokenization.

Another standout is the $225 million invested into Monad, positioned as a potential “Solana killer,” backed by industry giants Paradigm and Coinbase Ventures. These investments highlight the strategic bets being placed on emerging technologies within the crypto framework.

In 2024, blockchain infrastructure firms have captured the lion’s share of venture capital, amassing an impressive $1.7 billion. Following closely, decentralized finance (DeFi) protocols secured $626 million. Contrastingly, decentralized autonomous organizations (DAOs) have seen minimal inflow, with just $3 million funded this year. This distribution underscores a clear focus on foundational technologies and financial applications.

Blockchain and cryptocurrency venture capital funding by sector in 2024. Source: RootData

Venture Capital Puts Over $3.5B in Crypto Funds

So far, 2024’s venture capital injections have reached a total of $3.67 billion across 604 funding rounds. This vigorous funding pace is on track to surpass the $9.3 billion raised in 2023. Since June 2014, more than $100 billion has flowed into the blockchain sector across 5,195 funding rounds, according to DeFiLlama.

These figures not only reflect a maturing market but also a sector ripe with opportunities for innovative disruptions.

Amidst these funding milestones, ventures like Pantera Capital and Paradigm are raising substantial new funds, seeking $1 billion and $850 million, respectively.

The ongoing billion-dollar-plus investments for the second consecutive month underline a strong and optimistic outlook for the crypto sector. Such significant capital influx targeting varied innovations suggests the market is poised for continued growth and more mainstream integration.