VC Monthly Report for Nov, Sets 13-Month Low in Funding Number and Amount
Author: WuBlockchain According to data from RootData, 86 crypto VC-funded projects were publicly disclosed in November, marking a 13.1% month-over-month decline (99 projects in October 2024) and an 8.5% year-over-year drop (94 projects in November 2023). Note: Since not all funding rounds are disclosed within the month, these figures may increase later. The sector distribution is as follows: Distribution is as follows: CeFi: ~8% DeFi: ~27% NFT/GameFi: ~19% L1/L2: ~16% RWA/DePIN: ~9% Tool/Wallet: ~5% AI: ~15% The total funding amount in November was $450 million, representing a 43.8% month-over-month decline ($800 million in October 2024) and a 65.1% year-over-year drop ($1.29 billion in November 2023). Below are the top 10 funding rounds by value: Stablecoin Protocol USDX.Money completed a $45 million funding round, bringing its valuation to $275 million. Investors included NGC, BAI Capital, Generative Ventures, and UOB Venture Management. Existing backers such as Dragonfly Capital and...