VC Monthly Report in August, Number of Financing Decreases by 1%, Amount Decreases by 22%
Author: WuBlockchain According to RootData statistics, there were 110 publicly disclosed Crypto VC investment projects in August, a decrease of 1% month-on-month (111 projects in July 2024) and an increase of 41% year-on-year (78 projects in August 2023). Note: Since not all fundraising activities are announced in the same month, the above statistics may increase in the future. The breakdown by sector is as follows: CeFi: ~8% DeFi: ~25% NFT/GameFi: ~13% L1/L2: ~10% RWA/DePIN: ~7% Tool/Wallet: ~2% AI: ~15% The total fundraising amount in August was $785 million, a decrease of 22% month-on-month ($1.01 billion in July 2024) and an increase of 20% year-on-year ($660 million in August 2023). The top 10 fundraising rounds by amount are as follows: Bitfarms, a Bitcoin mining company, will acquire its competitor Stronghold Digital for $175 million in stock and debt. According to the agreement, Bitfarms will exchange 2.52 shares for every 1 share of Stronghold, representing a 71% premium over ...