The post Crypto funding grows again in December after a series of late-stage rounds appeared on BitcoinEthereumNews.com.
Crypto funding changed direction in Q4, with much larger rounds adding to the final balance of the year. Previously, a slowdown was seen among early-stage investments. December’s VC funding reached the highest levels for Q4, extending the trend from October to November. VC funding expansion coincided with ‘Uptober’ and the most dramatic market recovery for the year. December’s funding crossed the $3B mark, driven by late-stage and OTC or undisclosed rounds. The month showed extreme growth compared to December 2023, where rounds were capped at $1B. Investments expanded by 72% from the previous month, as large-scale private deals were closed in December. | Source: Cryptorank More than 37.9% of all deals in December were from undisclosed or unannounced categories. Still, around 30% of investors supported seed rounds, showing confidence in the crypto market potential to support a new batch of startups. The last month of the year closes a volatile period, where funding ranged from a minimum of $640.75M in February, to December’s record, with an average of $1B in monthly funding for most of the year. In December, VC funds set the record for the whole year, as monthly funding returned to levels not seen since the summer of 2022. The current rounds targeted advanced-stage projects, surpassing the share of seed rounds. More than 26% of all deals went to Ai projects, with activities ranging from rented GPU to chatbots. VC-backed deals expanded even as communities turned their liquidity to meme tokens. December was relatively active for ICO and IDO services, with $68.22M raised for the past month, a slight decrease from November. December investment included high-rate deals and undisclosed OTC rounds Investment volume is up more than 72% from the previous month, bringing a strong close to 2024. The biggest deal for the month was a $250M private…