- November crypto fundraising surpasses $1.67 billion, a 387% increase from October.
- 111 projects secured investments, slightly down from the previous month’s 112.
- The top 10 fundraising rounds accumulated $634.6 million, 38% of all VC investments.
The latest Crypto Fundraising report by CryptoRank shows a remarkable rebound in November, surpassing more than $1.67 billion in investments, marking a 387% increase from October. The month witnessed 111 projects securing investments, a slight decrease from the previous month’s 112 deals, which amounted to $430 million.
Crypto Fundraising Trend from June to November (Source: CryptoRank)
This surge, according to Crypto Rank, signals a bullish market trend with potential growth. This aligns with the anticipation of increased fundraising activity due to the recent price rally and the potential approval of a Bitcoin ETF.
Fundraising by Category in November (Source: CryptoRank)
Based on the chart, Blockchain Service emerged as the most popular category, with 37 rounds dated November 23. It was followed by DeFi with 17 rounds and Social with 14 rounds. Last month, Blockchain Service and DeFi received the highest f…
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