Fundraising May 2024: $658.54 million in 170 deals

Fundraising Monthly
The Web3 space has raised $658.54 million in funds in May 2024.

Overview

In May 2024, 170 blockchain startups secured over $658.54 million in funding rounds, marking a decline of approximately 21.23% MoM from April 2024. Compared to the same month last year, when 118 deals totaled $895.5550 million, there is a growth of about 22.03% YoY. Despite this decline, investor interest remains strong in the Solana ecosystem and Non-Fungible Tokens sector, reflecting ongoing momentum within the blockchain investment landscape.

Spotlighted Funding Deals

In May 2024, 170 blockchain startups achieved over $658.54 million in funding across 170 investment rounds. The most significant deal was clinched by Farcaster, which raised $150 million. Notably, 109 rounds were pre-Series A, involving 108 early-stage ventures gaining recognition.

Funding Deals

Total Funding
$1.04B
Total Deals
170

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