Venture Capital funding has reached record levels in 2021, with major VC firms deploying funds into crypto startups achieving unicorn status.
According to CB Insights, crypto and blockchain startups received more than $25 billion in funding, eight times more than in 2020, while representing 4% of the total VC funding worldwide.
Despite the market correction, the interest of VC funds in crypto hasn’t slowed down in any way at the start of this year. Discover the top VC rounds in crypto startups so far in 2022!
1. Fireblocks - $550 million
Fireblocks is a crypto infrastructure company helping financial institutions to have custody of digital assets.
The company has raised $550 million in a new Series E funding round led by D1 Capital Partners and Spark Capital, with participation from other leading VCs.
The new funding round comes six months after Fireblock’s latest funding and values the company at $8B.
2. Polygon - $450M
Polygon is one of the fastest-growing networks in crypto, becoming the blue-chip Layer 2 solution to solve Ethereum congestion issues.
Polygon just received one of the biggest rounds in crypto, raising $450M from Sequoia Capital.
3. FTX - $400M
FTX took the crypto world by storm and became one of the leading crypto exchanges with exponential growth in a few years.
This new Series C round values the company at $32B, increasing its valuation from $25B (October 2021).
FTX’s sister exchange, which serves US customers, FTX.US, also raised $400M this year, valuing it at $8B.
4. OpenSea - $300M
The NFT emergence came in part with the growth of OpenSea, the leading NFT marketplace, enabling people to buy and sell various forms of digital art.
NFT sales have reached record levels in 2021, almost hitting $25B, and the interest in tokenization is still soaring with the rise of more platforms.
OpenSea, the leading player in this space, has raised a new round of $300M, valuing the company at $13.3B, doubling its valuation from the last round in July 2021.
5. Blockdaemon - $207M
Blockdaemon is a blockchain firm helping projects to support blockchains services, from node running to staking.
The company has raised a Series C round of $207M, valuing the company at $3.25B led by Sapphire and Tiger Global, more than doubling its valuation from its Series B in September 2021.
6. Aleo - $200M
Aleo is a zero-knowledge proof (ZKP) project, one of the rising trends in crypto, bringing more security, decentralization, and privacy.
The company just raised a $200M Series B led by SoftBank Vision Fund 2 and Kora Management.
7. Alchemy - $200M
Blockchain infrastructure company, Alchemy, just raised $200M in a new funding round.
The new round is led by Lightspeed and Silver Lake and values the company at $10.2B.
8. Helium - $200M
Decentralized network, Helium, raised a new $200M Series D round led by Tiger Global and FTX Venture.
The new funding values the crypto-powered telecom network at $1.2B.
9. Autograph - $170M
Autograph is an NFT platform set to become a key place for collectibles, co-founded by sports celebrity Tom Brady.
This new $170M Series B round is led by Andreessen Horowitz and Kleiner Perkins, with the participation of other leading VCs.
10. iTrustCapital - $125M
iTrustCapital is a crypto IRA software provider, enabling the adoption of crypto by traditional investors through a familiar investment vehicle.
The company now offers 25 cryptocurrencies and has grown immensely since its beginnings in 2019. The company has raised $125M in a Series A led by Left Lane Capital, valuing the company at $1.3B.
11. Rain Financial - $110M
Rain Financial is a Middle-East-based crypto exchange, expanding to more countries as Turkey and Pakistan.
The company has just raised a $110 million Series B led by Paradigm and Kleiner Perkins, with participation from Coinbase Ventures and others.
12. Lukka - $110M
Lukka, a company offering crypto data and enterprise services, has raised a new $110M round, valuing the company at $1.3B.
The company will expand its global footprint with the new Series E led by Marshall Wace.
13. Phantom - $109M
Crypto wallets have emerged to support crypto’s rise, allowing users to securely keep and control their assets.
Phantom, a Solana-based wallet and competitor to Metamask, has raised a new $109M round led by Paradigm, valuing the company at $1.2B.
14. Zero Hash - $105M
Zero Hash, the crypto company helping other institutions deal with digital assets and NFTs, just raised $105M in a Series D round.
The company will use the funds to expand globally and increase its talent pool.
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Do you have any crypto tax questions? Check the best guides:
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DeFi Taxes: The Complete Guide.
How to save taxes with a Bitcoin IRA.
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Uniswap Taxes Guide
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FIFO for crypto taxes? Implications of accounting methods.
NFT Taxes: The Complete Guide.
2021’s NFT guide (with taxes).
Is Bitcoin taxable? The ultimate guide for 2021 taxes.
Do you pay taxes on Bitcoin debit cards purchases?
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Disclaimer: All the information provided above is for informational purposes only and should not be considered as professional investment, legal, or tax advice. You should conduct your own research or consult with a professional financial advisor when investing.