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.
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. Circle - $400M
Circle, the company behind the 2nd most popular stablecoin, USDC, raised $400M in early 2022.
BlackRock, Inc, Fidelity Management and Research, Marshall Wace LLP, and Fin Capital led the round, while the company is extending its partnership with BlackRock further.
5. Near Protocol - $350M
Near Protocol, the 16th largest DeFi protocol by TVL, raised a new funding round of $350M led by Tiger Global.
This was Near’s second round this year, after raising $150M in January to decentralize its ecosystem.
6. Mysten Labs - $300M
In September, Mysten Labs raised a $300M funding round to boost the adoption of Web 3.
FTX led the round, with the participation of a16z crypto, Apollo, Binance Labs, Franklin Templeton, Coinbase Ventures, and others, valuing the company at $2B.
7. 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.
8. 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.
9. LootMogul - $200M
LootMogul is building the sports Metaverse into reality. LootMogul raised $200 million in a new funding round to fulfill that mission.
The round was led by Global Emerging Markets (GEM), helping the company build more decentralized gaming ecosystems.
10. 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.
11. 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.
12. 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.
13. Binance.US - $200M
Binance.US, the branch for US customers from Binance, received a $200M round, valuing the company at $4.5B.
The round had the participation of RRE Ventures, Foundation Capital, Original Capital, VanEck, and Circle Ventures.
14. Amber Group - $200 million
Singapore-based crypto platform, Amber Group, raised a new Series B round of $200M led by Temasek, valuing the company at $3 billion.
The funds will go to hiring efforts, expanding its business, and potential acquisitions.
15. Copper - $196M
Amid the latest bear market, crypto custodian, Copper, raised a new Series C round of $196 million.
15. 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.
16. Chainalysis - $170M
Chainalysis, the leading crypto blockchain data analysis provider, raised its 6th round of $170M.
The newest round, led by Singapore's sovereign wealth fund, valued the company at $8.6 billion.
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Do you have any crypto tax questions? Check the best guides:
Do you pay taxes when trading stablecoins?
How is Yield Farming Taxed?
DeFi Taxes: The Complete Guide.
How to save taxes with a Bitcoin IRA.
Do you pay taxes for receiving Bitcoin tips?
Uniswap Taxes Guide
How to calculate taxes with Bitcoin dollar-cost averaging?
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?
How to reduce your crypto taxes?
Crypto tax loss harvesting: Here’s what you need to know
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.