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May 2024 Fundraising Report

Jun 7, 2024Ā ā‹…Ā  14 min read

In May 2024, crypto fundraising experienced an 8.8% decrease in deal volume, falling to $1.28 billion, although the number of deals increased by 0.7%. The Financial sector led with 25.2% of the total investment, highlighting significant activity like Polymarket's $70 million raise. Notably, May featured a surge in Consumer sector activity as deal volume erupted by 248.4% MoM to $246 million, largely led by Farcaster's $150 million raise.

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Patryk is an Experienced Research Analyst at Messari whose areas of expertise include Layer-1 and Layer-2 networks, infrastructure, and stablecoins. Previously, Patryk worked as a Financial Crimes Consultant and studied finance at the University of Illinois at Urbana-Champaign.

About the author

Patryk is an Experienced Research Analyst at Messari whose areas of expertise include Layer-1 and Layer-2 networks, infrastructure, and stablecoins. Previously, Patryk worked as a Financial Crimes Consultant and studied finance at the University of Illinois at Urbana-Champaign.