According to RootData statistics, September 2024 witnessed a significant downturn in crypto investments, with a total of $607 million raised over 97 publicly disclosed VC rounds. This represents a 12.6% decrease from August's 111 rounds and a 22% drop from the $785 million raised in August.
Venture capital activity is a key indicator of major investor interest in the crypto market. September marked the lowest point in 2024, with only 97 disclosed crypto VC rounds. The total funding amount also fell sharply, making it the worst month of the year for both the number of rounds closed and the investment volume due to ongoing economic and geopolitical uncertainties.
In August, decentralized finance (DeFi) captured nearly 25% of total investments, followed by 15% for artificial intelligence (AI). In September, infrastructure and DeFi dominated, securing more than half of the overall investment value.
The largest event was Celestia's $100 million funding round led by Bain Capital, with contributions from Syncracy Capital, Robot Ventures, and Placeholder. This round brings Celestia’s total fundraising to $155 million, aimed at solving key challenges in blockchain networks: scalability and data availability.
Decentralized perpetuals trading platform Infinex raised over $65 million using a new patronage fundraising model, introduced by its founder Kain Warwick.
