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.

Top Funding Rounds

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.

Avalanche Labs – $250 Million

Avalanche Labs secured $250 million in an unknown round, backed by major investors such as Galaxy, Dragonfly, and ParaFi Capital. This brings Avalanche’s total funding to $540.5 million so far. The funding is a significant boost to Avalanche’s blockchain ecosystem ahead of the Avalanche9000 upgrade.

Other Notable Funding Rounds

Nano Labs raised $36.25 million in private funding, focusing on infrastructure and storage solutions.

Klickl secured $25 million in Series A funding with a $125 million fully diluted valuation (FDV), supported by Web3PORT and Aptos Labs. Klickl is building CEX and payment solutions.

Exabits raised $15 million in seed funding with a $150 million FDV, backed by Hack VC. Exabits is a crypto-AI startup specializing in infrastructure development.

Hyperbolic secured $12 million in Series A funding, supported by Variant, Polychain Capital, and Chapter One. Hyperbolic has raised a total of $19 million so far.

Relai raised $12 million in Series A funding, building Bitcoin ecosystem solutions and backed by Ego Death Capital and Timechain.

Waterfall Protocol raised $11.6 million from investors like BOLT and Alpha Token Capital, bringing its total funding to $13.6 million so far.

Notable Funding Rounds Under $10 Million

Other notable funding rounds include:

  • MegaLabs secured $10 million through public sale
  • Kast raised $10 million in seed funding
  • Lava gathered $10 million in Series A funding
  • Commonware secured $9 million in an unknown round
  • Sphere Labs raised $5 million in strategic funding
  • Soarchain gathered $4.5 million in an unknown round
  • SmarDex secured $4.5 million in seed funding
  • Fantasy Top raised $4.25 million in seed funding
  • AgriDex gathered $4 million in strategic round with a $28.50 million FDV
  • Neptune Protocol secured $3.9 million in seed funding
  • Spicenet raised $3.4 million in seed funding
  • Glacier Labs gathered $3.37 million in public sale with a $33 million FDV
  • Superform Labs secured $3 million in strategic funding
  • Terrace raised $2.5 million in public sale with a $25 million FDV
  • Uranium Digital secured $1.7 million in pre-seed funding
  • Mandala Chain raised $1 million in pre-seed funding
  • Wild Forest gathered $100,000 in public sale with a $45 million FDV

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