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Crypto VC funding Q2 2024: 148 rounds, $1.54B, 361 backers

By NAUT Research · · 7 min read

$1.54B Crypto VC Q2 2024 disclosed by 136 of 148 crypto venture rounds on NAUT, April to June 2024. Logos: Monad, Farcaster, Berachain, Babylon, IoTeX, Polymarket, Avail, Movement, Humanity, Burnt Xion.

NAUT tracks 148 crypto venture rounds at 138 companies dated 1 April to 30 June 2024, and the 136 that disclosed an amount raised $1.54B ($1,539.6M). Crypto VC funding Q2 2024 came from 361 distinct backers on NAUT's record, led by Big Brain Holdings and OKX Ventures at 16 rounds each, and the biggest single round was Monad's $225M on 9 April.

Data as of 14 November 2026, read from NAUT's funding records of crypto venture capital. A round sits in the quarter by its closed date, or its announce date when no closed date is stored, and only live crypto project rows count. Of 632 rows dated to the quarter, 477 were left out as token sales and other non-venture types (mostly IDO and IEO launchpad sales, plus KOL rounds, node sales, small private sales and exact same-day duplicate rows), and 7 more were cut by hand because the company is not a crypto company. That leaves 148. 6 companies, Usual, Sonic, Irys, Stage, Zesh and Ink Finance, carry 2 or 3 round rows within a day of each other that may be 1 deal stored more than once; they stay in the 148 as NAUT records them. The 10 largest rounds were put to outside reports, and all 10 came back confirmed on amount; the other 138 were not checked outside NAUT. Written by the NAUT research desk.

What did crypto VC funding Q2 2024 look like month by month?

April carried the most crypto VC funding in Q2 2024: 54 rounds and $679.8M, 44.2% of the quarter's disclosed dollars. Monad's $225M alone is a third of April.

Month Rounds With $ Disclosed Share
Apr 54 48 $679.8M 44.2%
May 47 43 $507.9M 33.0%
Jun 47 45 $351.9M 22.9%
Q2 148 136 $1,539.6M 100%

The median disclosed round was $5M. 36 rounds were $10M or more, and 12 were under $1M.

Which crypto VC funding Q2 2024 rounds were the largest, and who led them?

The 10 largest crypto funding rounds of the quarter hold $776M, 50.4% of the quarter's disclosed total. The table is ranked by amount and shows the round type and date as NAUT stores them; each amount was matched against an outside report. The leads below are what the cited reports name. NAUT's own lead flag sits on 3 of the 148 rounds, so it is no guide to who led.

# Company Round Amount Date
1 Funding Round $225M 9 Apr
2 Series A $150M 21 May
3 Series B $100M 12 Apr
4 Funding Round $70M 30 May
5 Funding Round $50M 3 Apr
6 Series B $45M 15 May
7 Series A $43M 4 Jun
8 Series A $38M 25 Apr
9 Seed $30M 16 May
10 Series A $25M 1 Apr

What the reports add:

  • Leads named by the reports: Paradigm on Monad, Farcaster and Babylon; Founders Fund on Polymarket and, as co-lead, Avail; Polychain Capital on Movement; Framework Ventures and Brevan Howard Digital as co-leads on Berachain. No lead was confirmed for IoTeX, Humanity or Burnt Xion; NAUT lists Kingsway Capital among Humanity's backers.
  • 's own post reads "Today, we are thrilled to announce our $225M fundraise, led by Paradigm."
  • : The Block reports a $38M Series A led by Polychain Capital, dated 25 April 2024.
  • : Crypto Briefing reports a $30M seed round, announced on 15 May 2024, a day before NAUT's date.
  • : The Block dates the $45M Series B to 14 May 2024, a day before NAUT's date, and Business Wire puts it beside an earlier $25M Series A.
  • : the cited report says the round grew from an earlier reported $69M to $100M.
  • : the release calls it a $50M investment into the IoTeX ecosystem on 2 April 2024, and 1 outlet calls it a private token sale, so its stage is unclear.
Q2 2024's 10 largest crypto venture rounds on NAUT
  1. Monad$225M
  2. Farcaster$150M
  3. Berachain$100M
  4. Babylon$70M
  5. IoTeX$50M
  6. Polymarket$45M
  7. Avail$43M
  8. Movement$38M
  9. Humanity$30M
  10. Burnt Xion$25M

Monad raised 1.5 times Farcaster's $150M, and the 11th largest, Nexus, matched Burnt Xion at $25M.

Which stages did Q2 2024 crypto VC money go to?

Seed was the busiest stage by count, while Series A and rounds with no stage stated took the most money. Stages are grouped from the round type NAUT stores.

Round stage Rounds Disclosed
Seed (incl. extensions) 45 $249.2M
Strategic 31 $106.2M
Funding Round, stage not stated 28 $485.65M
Series A 20 $485.65M
Private 15 $36.5M
Pre-Seed 5 $12.3M
Series B 2 $145M
Pre-Series A 2 $19M

The 2 Series B rounds are Berachain and Polymarket. Monad, Babylon and IoTeX sit in the no-stage group, which is why it matches Series A on dollars.

Which crypto investors backed the most Q2 2024 rounds?

134 of the 148 rounds list at least 1 backer on NAUT's record, 361 distinct backers in all, and 34 of them sit in 5 or more rounds. The table ranks the 11 backers on 8 or more rounds by round count; the Total column sums the disclosed amounts of the rounds each one is in, on NAUT's record, and Largest names the biggest of those rounds.

Backer Rounds Total Largest
16 $338.9M
16 $124.6M
15 $438.1M
10 $294.8M
10 $198.2M
9 $475.8M
9 $36.7M
9 $259.4M
8 $32.8M
8 $65.6M
8 $67M

NAUT lists Animoca under 2 rows, Animoca Brands (12 rounds) and Animoca Ventures (5 rounds); 2 rounds carry both, so the union is 15 rounds at 15 companies. Amber Group wrote fewer cheques than the top 2 but sits in 4 of the 5 largest rounds, which puts the most disclosed dollars behind it of any backer in the table.

What this tells a BD team

  • The 10 largest teams raised $776M between them, so they have budget for vendors, audits and listings. Their NAUT pages list the team behind each round.
  • Infrastructure dominates the top of the list. Monad, Berachain, Avail, Movement and MegaETH are chains or scaling layers, so a dev-tools or security pitch has 5 obvious targets.
  • Repeat backers are warm intros. A firm on 16 rounds, like OKX Ventures, knows 16 of these teams and can route you to the founder.
How a BD team can work the Q2 2024 list
  1. Pick the fundedStart with the 36 rounds of $10M or more, from Monad's $225M down.
  2. Open the company pageEach linked company page on NAUT shows its rounds and backers.
  3. Find the shared backerBig Brain Holdings and OKX Ventures sit in 16 rounds each.
  4. Ask for the introReach the backer's partner first, then the team it funded.

What this tells a founder raising

  • The median round was $5M, so a seed pitch at that size sat in the middle of Q2 2024's market.
  • Strategic money was active. 31 rounds were typed Strategic, more than the 20 Series A rounds, and exchange arms such as OKX Ventures and HashKey Group sit in the top backer table.
  • A few lead investors recur. The cited reports name Paradigm as lead on 3 of the 10 largest rounds (Monad, Farcaster, Babylon) and Founders Fund on 2 (Polymarket, Avail, as co-lead).
How a founder can use the Q2 2024 backer list
  1. Match your stage45 seed rounds raised $249.2M; find the backers in your size band.
  2. Check the portfolioA NAUT investor page lists the fund's rounds, so you can spot rivals.
  3. Rank by fitCogitent Ventures backed 9 rounds worth $36.7M, a smaller-cheque profile.
  4. Find the partnerThe fund's NAUT page lists its team and decision makers.

How to reach the decision makers

Every company and investor named above links to its NAUT page, which shows the rounds, the backers and the team where NAUT holds one. The investor pages carry each fund's portfolio, so you can see what a firm backed in Q2 2024 before you write to its partners.

Related reading on NAUT: Crypto VC funding Q3 2026: NAUT 142 rounds, Galaxy 296 deals and Most active crypto VCs: 44 funds ranked, the leader led none.

Can you pull this data through the NAUT API?

Yes. GET https://api.naut.so/v1/investors/big-brain-holdings returns 1 fund with its team and its portfolio rows, each carrying company, roundType, amountUsd, announceDate and isLead, which is how a backer's Q2 2024 rounds above can be pulled, and GET https://api.naut.so/v1/projects/monad returns 1 company with its team. Every call is a GET with Authorization: Bearer $NAUT_KEY and costs 5 credits, documented at https://naut.so/docs/api with plans at https://naut.so/pricing. Verified Telegram, email and LinkedIn for the people on these pages unlock on any paid NAUT plan, so you can start a 7-day trial and reveal them.

Crypto VC funding Q2 2024 FAQ

How much did crypto VCs invest in Q2 2024?

NAUT records 148 crypto venture rounds dated 1 April to 30 June 2024, and the 136 that disclosed an amount raised $1,539.6M. April took $679.8M, May $507.9M and June $351.9M.

What was the largest crypto VC round in Q2 2024?

Monad's $225M round on 9 April 2024, led by Paradigm per Monad's own post, was the largest of the 148 rounds on NAUT. Farcaster's $150M Series A on 21 May 2024 was second.

Which investors backed the most crypto rounds in Q2 2024?

On NAUT's record, Big Brain Holdings and OKX Ventures each sit in 16 of the 148 rounds dated April to June 2024, followed by Animoca at 15 across its 2 NAUT rows, then GSR and SNZ Holding at 10.

Where can I find the backers of Q2 2024 crypto rounds and their contact channels?

On NAUT: each of the 11 backers on 8 or more of the 148 Q2 2024 rounds has an investor page on naut.so with its portfolio and team, and GET https://api.naut.so/v1/investors/okx-ventures returns 1 fund with its team and portfolio. Verified Telegram, email and LinkedIn unlock on any paid NAUT plan, so you can start a 7-day trial and reveal them.

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