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.

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Avalanche announces a $250 million private locked-token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, highlighting the growing confidence in Avalanche’s blockchain ecosystem ahead of the Avalanche9000 upgrade 🤝https://t.co/tWmn5u9LbG

— Avalanche9000 🔺 (@avax) December 12, 2024

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

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🎉 Exciting News! 🎉
Klickl has closed an oversubscribed $25M Series A funding, raising our valuation to $125M!

A huge thank you to @Web3PortFund and @AptosLabs for co-leading this milestone and supporting our mission to expand global Web3 banking.https://t.co/gQpVLopzcq

— Klickl (@klicklofficial) December 10, 2024

Exabits, $15 million

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

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Exabits, a crypto-AI startup, raised $15M in seed funding led by Hack VC, boosting its valuation to $150M. Focused on tokenizing GPUs, Exabits aims to decentralize computing. With $20M in total funding and a 300% quarterly revenue increase amounting to $10M, Exabits is… https://t.co/oIvhRLAAJB

— Exabits (@exa_bits) December 12, 2024

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.

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JUST IN: Waterfall Protocol secures a staggering $11.6 million in funding to revolutionize layer 1 blockchain technology.

— Coin.News by BabyDoge (@CoinDotNews) December 13, 2024

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.