Crypto venture funding hits $4 billion in Q4 2024, led by infrastructure boom

Quick Take

  • With 687 deals and infrastructure capturing the majority, Q4 marks the strongest quarter for crypto investment in two years.
  • The following is an excerpt from The Block’s Data and Insights newsletter.

Venture funding in crypto reached $4 billion across 687 deals in the fourth quarter of 2024, marking the highest quarterly investment total since the fourth quarter of 2022. 

Infrastructure investments led with $4 billion deployed, followed by financial services at $970 million. Web3 projects saw the highest number of deals at 141, followed by NFTs/Gaming at 132. Trading and brokerage investments declined from $320 million in the first quarter to $161 million in the fourth quarter.

Note: This chart is exclusive to The Block Pro subscribers

Deal distribution across sectors reveals shifting venture priorities:

  • DeFi maintained steady interest with 125 deals.
  • Infrastructure projects, despite fewer deals (111) than other categories, captured the lion's share of capital.
  • Data and analytics remained selective, with only 10 deals, while enterprise solutions saw 18 deals.

A notable trend emerged with Echo.xyz, an angel syndicate platform by Cobie, which has been listed in at least nine investment rounds. The platform's success was highlighted by filling MegaETH's remarkable $10 million raise, completed in just three minutes.

Echo.xyz's model enables Key Opinion Leaders (KOLs) to create investment syndicates where followers can co-invest, potentially democratizing access to early-stage crypto investments.

The quarter's strong performance, particularly in infrastructure investments, suggests renewed confidence in the crypto sector as markets anticipate potential regulatory shifts under the incoming U.S. administration.

This is an excerpt from The Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.


Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Editor

To contact the editor of this story:
Jason Shubnell at
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