According to RootData, from August 2023 to the present, crypto fundraising events have risen in tandem with secondary market trends, while financing rounds have decreased by 10% compared to Bitcoin’s peak price in November 2021. During the same period, monthly fundraising amounts have consistently faced a “resistance level” of $1 billion, dropping from $6.12 billion at the previous bull market peak to $1.01 billion, a decrease of approximately 83%.
The data indicates that in this bull market cycle, project valuations have been adjusted, and while project financing needs have increased, funding difficulties have also expanded. Additionally, institutional investors face growing pressures in fundraising and exits. Therefore, the participation of Crypto angel/individual investors will help support more early-stage Crypto entrepreneurs and project innovations.
Based on factors such as investment activity and influence, RootData has released a list of the Crypto Angel Investors 50 for the past year (August 1, 2023 — August 1, 2024). The top 10 angel investors by investment frequency in the past year have collectively participated in investments totaling $1.88 billion across 234 financing rounds. These investments were primarily distributed across infrastructure (15.9%), DeFi (9.2%), and GamFi (8.3%). Projects in the new AI category accounted for 4.7%, surpassing the attention given by institutional investors to categories such as modular (2.6%), LSD (2.1%), DePin (1.13%), and RWA (0.75%).
In the past year, Polygon co-founder Sandeep Nailwal was the most active with 39 investments, including participation in Berachain’s Series B $100 million funding round, as well as investments in notable projects like Ether.Fi, Succinct, and Movement. Solana co-founder and CEO Anatoly Yakovenko invested in 12 infrastructure projects over the past year, accounting for 26% of his total investments. Well-known angel investor Balaji Srinivasan made 24 investments in the past year, participating in a total of $230 million in investments, with a significant focus on AI and tool-related projects. Renowned NFT collector dingaling participated in over 30 financing events across various niche categories, with GamFi projects accounting for 48% of his total investment amount.
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RootData is a Web3 asset discovery and tracking data platform that pioneers in encapsulating on-chain and off-chain data of Web3 assets, aiming to become a productivity tool for Web3 enthusiasts and investors with its high data structuring and readability.
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