In July 2024, the fundraising landscape saw significant activity, with approximately $878 million raised across 162 projects.
The month highlighted a strong investor focus on the infrastructure, blockchain services and DeFi sectors, which continue to attract substantial capital.
First, here are the 10 projects that raised the most funds in July
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— Coin98 Analytics (@Coin98Analytics) August 17, 2024
The best financing rounds
Seed rounds dominated July’s fundraising, with $299 million raised by 44 projects. This was closely followed by undisclosed rounds, which saw a similar number of projects secure funding. Infrastructure projects stood out as the most popular investment, with $339 million raised across 46 projects, making it the leading sector for the month.
Sectoral distribution
Within the infrastructure sector, mining, layer 2 and social networking projects emerged as the main sub-sectors, attracting the most funding. These areas The areas of focus reflect the growing interest in creating foundational technologies that can support the broader blockchain ecosystem.
Discover the top 10 projects based on the highest amount of funds raised in the infrastructure sector
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— Coin98 Analytics (@Coin98Analytics) August 17, 2024
Blockchain services also attracted significant investment, ranking second in terms of funds raised. AI and data/cloud services The projects were particularly successful, Raised $131 million in funding across six projects. This trend highlights the growing integration of AI and cloud technologies in the blockchain space.
Blockchain services are the second sector in terms of the highest amount of funds raised
As a result, the total funds raised from AI and data/cloud services projects amounted to $131 million, from 6 projects
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— Coin98 Analytics (@Coin98Analytics) August 17, 2024
DeFi projects were the third most funded sector, with key sub-sectors including lending, yield, liquid staking, and real-world assets (RWA). These areas continue to drive innovation in decentralized finance, attracting both capital and investor attention.
Top 10 projects by amount of funds raised in the DeFi sector
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— Coin98 Analytics (@Coin98Analytics) August 17, 2024
Investment ranges and key players
Most of the projects in July raised between $1 million and $3 million, with 48 rounds falling within that range. Animoca Brands and OKX Ventures emerged as the most active investors, leading a combined total of 83 investments, with 19 and 13 lead investments, respectively.
Conclusion
As July draws to a close, it is clear that investment trends are favoring infrastructure, blockchain services, and DeFi projects, with a particular focus on mining rigs, layer 2 solutions, AI, cloud services, yield, and liquid staking. These trends are expected to continue to shape the fundraising landscape in the months ahead.
Monthly Fundraising Report | July 2024
As of July, an estimated $878 million in total funds have been raised by 162 projects.
With projects from the infrastructure, blockchain services and DeFi sectors, investments remain favorable
Find out now!
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— Coin98 Analytics (@Coin98Analytics) August 17, 2024
Disclosure: This is not trading or investment advice. Always do your research before purchasing cryptocurrency or investing in any service.
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