According to RootData, 97 publicly disclosed crypto VC investments occurred in September, down 12.6% from 111 rounds in August. The total amount raised reached $607 million, a 22% drop from August's $785 million.
September marked the lowest point in 2024 for crypto VC rounds and the amount raised. The declining funding volume reflects caution due to economic and geopolitical uncertainties, but infrastructure and DeFi sectors secured more than half of the investments.
Celestia led September with a $100 million funding round, bringing its total to $155 million. The funds will aid Celestia's mission to improve blockchain scalability and data availability.
Infinex raised over $65 million using a new patronage model. Huma Finance secured $38 million in combined equity and yield-bearing RWAs, with significant contributions from Stellar Development Foundation.
The Open Network (TON) and Balance.fun each raised $30 million, with investments from Bitget, Foresight Ventures, a16z, and Galaxy.
