According to RootData, crypto VC investments in November amounted to $449 million, marking a 43.66% decrease from October's $797 million. The number of publicly disclosed investment rounds also fell from 99 to 90, reflecting a downward trend in investor activity despite a bullish market.
November recorded the lowest number of deals and capital raised in 2024. Notably, the largest individual deals were considerably smaller, as standout deals such as usdx.money raised around $45 million, leading the market.
Investment distribution across sectors remained similar to October, with infrastructure, DeFi, and gaming retaining high interest, although CeFi investments significantly dropped.
usdx.money, a stablecoin issuer, announced a $45 million fundraising round, boosting its valuation to $275 million. Major investors include NGC, BAI Capital, and Generative Ventures, with funds directed towards ecosystem development.
Zero Gravity Labs (0G Labs) followed closely with a $40 million seed funding round, alongside a $250 million commitment for future token purchases.
Monkey Tilt and Canaan, each secured $30 million in investments, highlighting the thinning pool of large-scale investment deals.
While the number and size of investments decreased, companies are increasingly investing directly in major BTC purchases as the crypto market remains bullish.
