Highest Monthly Funding Since 2022
April Recap
Monthly funding rose 31% from $840 million in March to $1.1 billion in April despite the deal count falling 25% from 106 to 80. April represented the highest monthly funding total going back to November 2022, helped by two nine-figure deals from Auradine and ZenMEV, representing about 27% of total funding. Infrastructure was the leading category, accumulating $639 million in funding across 41 deals, representing over half of all funding activity. From a deal stage perspective, Seed rounds were the most popular with 23 deals totaling $154 million in funding, comprising 29% of all deals but only making up 14% of the funding total. April showed an increase in late-stage deals with 2 Series C deals (only 2 in all of 2024) and 4 Series B rounds, collectively accruing $365 million in funding. There were 3 token sales completed in April, including LayerZero (ZRO), raising $55 million in a private token sale to a16z. a16z previously invested in LayerZero in both 2022 and 2023. Interestingly, LayerZero’s FDV currently sits below its Series B valuation of $3 billion (April 2023).
Funding by Category
Funding by Stage
Deal of the Month
Nous Research, a decentralized AI development company, raised $50 million in a Se...Unlock this article by joining our Community!
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