Avalanche Labs' $250M Raise Headlines a Surge in Crypto VC Funding

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.

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 Blockworks Fundraising to analyze the projects that took home the highest funds during this period.

Avalanche (Ava Labs), $250 million

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

Nano Labs, $36.25 million

Breaking News: $NA Nano Labs Announces Bitcoin Holdings Exceed 360 BTC, Valued at Over US$36 Million https://t.co/gPkROd4zL9 #StockMarket #News $LAES $PALI $AMPGW

Klickl, $25 million

🎉 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

Exabits, $15 million

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

Hyperbolic, $12 million

'Hyperbolic garners $12M in Series A from Polychain, Variant. #VentureCapital #AI' https://t.co/FMnW0qzx2S

Relai, $12 million

We just raised $12 Million in Series A!💰

When I joined @relai_app, we could barely afford stickers lol.

We won’t rest until Europe is fully orange-pilled

Big thanks to @JeffBooth @LynAldenContact @PrestonPysh @egodeathcapital for believing in our vision! pic.twitter.com/6Y3ZETxt0y

Waterfall Protocol, $11.6 million

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

Notable crypto VC funding rounds under $10 million