2024

Bitcoin

Pudgy Penguins

Fuel Network

<p class="is-style-lead">The third week of December 2024 marked a major moment in crypto funding, with Riot securing a $594.40 million investment.</p> 
<p>This represents one of the largest capital raises in the Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank">BTC</a>) ecosystem this year. The last seven days showcased investor confidence in established blockchain platforms. The total investments have surpassed $715 million across various sectors.</p> 
<p>Crypto.news collected the data from <a href="https://crypto-fundraising.info/deal-flow/?start_date=2024-12-15&amp;end_date=2024-12-21&amp;sortby=raised&amp;sort=desc" target="_blank" rel="nofollow">Crypto Fundraising</a> to select the projects that raised the most funds during this period.</p> 
<p> You might also like: <a rel="" href="https://crypto.news/michael-saylor-is-willing-to-advise-trump-on-the-crypto-policy/"> Michael Saylor is willing to advise Trump on the crypto policy </a> </p> 
<h3 class="wp-block-heading" id="riot-594-4-million">Riot, $594.4 million</h3> 
<ul class="wp-block-list"> 
 <li><a href="https://www.riotplatforms.com/riot-announces-closing-of-594-4-million-convertible-senior-notes-offering/" target="_blank" rel="nofollow">Secured</a> $594.4 million in an unknown round</li> 
 <li>Riot focuses on Bitcoin ecosystem development</li> 
 <li>The company has raised $1.15 billion so far</li> 
 <li>The fundraises represents one of the largest raises in crypto for 2024</li> 
</ul> 
<h3 class="wp-block-heading" id="bvnk-50-million">BVNK, $50 million</h3> 
<ul class="wp-block-list"> 
 <li>Raised $50 million in Series B funding with $750 million FDV</li> 
 <li>Backed by HAUN, Coinbase Ventures, and Tiger Global</li> 
 <li>BVNK is developing payment and stablecoin solutions</li> 
 <li>The project has raised $90 million in total</li> 
</ul> 
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   <p lang="en" dir="ltr">We've raised $50 million to fuel the next era of stablecoin payments, with <a href="https://twitter.com/HaunVentures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@HaunVentures</a>, <a href="https://twitter.com/cbventures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@cbventures</a>, <a href="https://twitter.com/ScribbleVC?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ScribbleVC</a>, Tiger-Global and Avenir. <br><br>We’re still focused on accelerating global money movement and empowering businesses to grow. This funding enables us to bring… <a rel="nofollow" href="https://t.co/g8VDGb6gbA" target="_blank">pic.twitter.com/g8VDGb6gbA</a></p>— BVNK (@BVNKFinance) <a href="https://twitter.com/BVNKFinance/status/1869035542953726208?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 17, 2024</a>
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<h3 class="wp-block-heading" id="lens-protocol-31-million">Lens Protocol, $31 million</h3> 
<ul class="wp-block-list"> 
 <li>Secured $31 million in strategic funding</li> 
 <li>Supported by Lightspeed Faction and Avail</li> 
 <li>Lens Protocol is building social networking on the Polygon (<a href="https://crypto.news/price/pol-ex-matic/" target="_blank">POL</a>) ecosystem</li> 
 <li>The project has raised $46 million so far</li> 
</ul> 
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   <p lang="en" dir="ltr">We're excited to announce a $31 million strategic raise led by <a href="https://twitter.com/FactionVC?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@FactionVC</a> to fuel the rise of SocialFi. <a rel="nofollow" href="https://t.co/NiGAc91d44" target="_blank">pic.twitter.com/NiGAc91d44</a></p>— Lens (@LensProtocol) <a href="https://twitter.com/LensProtocol/status/1869384504265384425?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 18, 2024</a>
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<h3 class="wp-block-heading" id="plume-network-20-million">Plume Network, $20 million</h3> 
<ul class="wp-block-list"> 
 <li>Raised $20 million in an unknown round</li> 
 <li>Backed by Brevan Howard, HAUN, and Lightspeed</li> 
 <li>Plume Network is developing a blockchain for scaling real-world assets (RWAs)</li> 
</ul> 
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   <p lang="en" dir="ltr">RWAfi is here.<br><br>Today, we’re proud to announce our $20M Series A from leading investors in both crypto and TradFi:<a href="https://twitter.com/BHDigitalAssets?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@BHDigitalAssets</a>, <a href="https://twitter.com/HaunVentures?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@HaunVentures</a>, <a href="https://twitter.com/GalaxyDigital?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@GalaxyDigital</a>, <a href="https://twitter.com/FactionVC?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@FactionVC</a>, <a href="https://twitter.com/Superscrypt?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Superscrypt</a>, <a href="https://twitter.com/HashKey_Capital?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@HashKey_Capital</a>, <a href="https://twitter.com/LaserDigital_?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@LaserDigital_</a>, A Capital, <a href="https://twitter.com/280Capital?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@280Capital</a>, <a href="https://twitter.com/svangel?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@svangel</a>, <a href="https://twitter.com/recvcx?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@recvcx</a>, and others. <a rel="nofollow" href="https://t.co/hgkG3favDg" target="_blank">pic.twitter.com/hgkG3favDg</a></p>— Plume Network – RWAfi L1 (@plumenetwork) <a href="https://twitter.com/plumenetwork/status/1869383005619552599?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 18, 2024</a>
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<h3 class="wp-block-heading" id="prometheum-20-million">Prometheum, $20 million</h3> 
<ul class="wp-block-list"> 
 <li>Secured $20 million in an unknown round</li> 
 <li>Prometheum is building an asset management platform</li> 
</ul> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Today we announced a capital raise of approximately $20 million this year. Thank you to all of our investors who see the transformative potential in <a href="https://twitter.com/hashtag/digitalassetsecurities?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#digitalassetsecurities</a>—and in <a href="https://twitter.com/PrometheumInc?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@PrometheumInc</a>’s purpose-built marketplace designed to support them. We can’t wait to bring this…</p>— Prometheum (@PrometheumInc) <a href="https://twitter.com/PrometheumInc/status/1869048001206829100?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 17, 2024</a>
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<h3 class="wp-block-heading" id="funding-rounds-6-million-and-below">Funding rounds $6 million and below</h3> 
<ul class="wp-block-list"> 
 <li>Fraction AI raised $6 million in pre-seed for AI infrastructure</li> 
 <li>DuckChain secured $5 million for TON ecosystem development</li> 
 <li>Fuel Network gathered $4.50 million through public sale with $0.2M FDV</li> 
 <li>Kettle raised $4 million for NFT marketplace development</li> 
 <li>Promeet secured $3.10 million in pre-seed funding</li> 
 <li>Flock raised $3 million in strategic funding</li> 
 <li>Juicyway gathered $3 million in pre-seed funding</li> 
 <li>Silencio and Andrena each secured $2.50 million</li> 
 <li>BitDCA raised $2 million in pre-seed funding</li> 
 <li>Derive gathered $500,000 through public sale</li> 
 <li>Gasp secured $450,000 through public sale</li> 
 <li>Beam raised $250,000 in an unknown round</li> 
</ul> 
<p>Read more about last week’s <a href="https://crypto.news/crypto-vc-funding-avalanche-labs-secures-250m-investment/" target="_blank">crypto VC funding data here</a>.</p> 
<p> Read more: <a rel="" href="https://crypto.news/nft-sales-surge-33-percent-pudgy-penguin-goes-494k/"> NFT sales surge 33% to $302m: Pudgy Penguins #4611 goes for almost $494k </a> </p>

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

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