Global Cryptocurrency Fundraising Report For November 2023

CoinCarp - Best Crypto Fundraising Database

This report offers an overview of the fundraising deals within the global crypto market in November 2023. The goal is to generate valuable information that can be used to pinpoint distinct crypto and blockchain market trends and anticipate future developments. CoinCarp will stay abreast of the changes and developments in the crypto landscape and release a monthly report to keep its readers informed. We would be delighted to hear from you if you have any feedback.

Crypto Fundraising Global Landscape

In November, the total number of crypto fundraising deals was 119, an increase of 35.23% from 88 in October 2023; the total financing in November was US$2.15B, a 173.79% increase from the previous month. 14.29% of the crypto projects are in the Debt Financing series stage. From the perspective of fundraising scale, there were 18 projects of fundraising above $10M, which has increased 38.46%, compared to October 2023. 4 fundraising projects above $100M, which has increased 300%, compared to October 2023. By geography, 31 projects founded in the United States of America received $400.35M, becoming the country with the largest number of crypto fundraising projects in the world. Among the $10M fundraising deal projects, mainly the United States of America, United Kingdom, Israel, and Hong Kong.

Crypto Fundraising Deal Count by Sector

In November, out of the 119 projects that were successfully financed, 33 of them were Web 3.0 projects, constituting 27.73% of the total projects. These projects raised a total of US357.28M, which is 27.73% of the total funds raised that month. This amount is US$184.68M higher than the funds raised in October 2023.

Out of the 119 Web 3.0 projects, the most relevant are those related to the Gaming category, with 5 being in the Gaming category and 5 in the E-commerce category.

In addition to APIs, Wallet, Music and Bridge, other categories of related Web 3.0 projects.

In November, 27 projects involving blockchain infrastructure received $990.46M in funding, representing 45.98% of all financing.

There were 18 DeFi-related projects, making up 15.13% of all financing projects in November. The total amount of DeFi-related projects raised was $119.52M, representing 5.55% of the total financing, this was an increase of 14.21% compared to October 2023.

In November, 8 CeFi projects were funded, comprising 6.72% of the total number of financing projects. Altogether, these projects raised $315.71M, which was 14.66% of the total financing in November, representing a 625.77% increase from October 2023.

Additionally, 10 NFT projects have received a total of $62.00M in financing. Representing 2.88% of all financing, this decreased -29.22% compared to October 2023.

Crypto Fundraising Deal Count by Transaction Type

The majority of raised funds for the crypto market come from Debt Financing rounds, the total amount was $669.79M in November. The aggregate deal value of Debt Financing for November is higher than the previous month by 200%. The biggest Debt Financing round fundraising is $609.79M, when Northern Data gets funds in November 2023.

Number of Investments by Investors

In November, Hashkey Capital had the most investments, with a total of 5 projects, including 3 DeFi, 1 Infrastructure, and 1 Web3 project.

Also, Foresight Ventures has invested in 4 projects, with 1 of those investments going towards NFTs projects, 2 towards Web3 projects, 1 towards NFTs projects, 1 towards Infrastructure projects, and 1 towards DeFi projects. Other investment institutions\VC funds such as Infrastructure, DeFi, etc. also invested in more than one project in November.

Top 5 Crypto Fundraising Deals In November

• Northern Data($609.79M) | Northern Data Group is a specialist B2B Technology Company that provides High Performance Computing (HPC) Solutions — with participation from Tether, Tether
• Phoenix Group($370.00M) | Phoenix Group provides a diverse range of services, such as mining, cooling, hosting, retail, construction, non-technical business verticals
• Wormhole($225.00M) | Wormhole is the leading interoperability platform that empowers development and growth across blockchains — with participation from Arrington Capital, Borderless Capital, Brevan Howard, Coinbase Ventures, Dialectic Capital, Jump Trading, Multicoin Capital, ParaFi Capital
• Blockchain.com($110.00M) | Blockchain.com got its start as an early pioneer of key infrastructure for the bitcoin community — with participation from Baillie Gifford, Baillie Gifford, Baillie Gifford, Coinbase Ventures, DST Global, Kingsway Capital, Kingsway Capital, Lakestar, Lightspeed Venture Partners, Lightspeed Venture Partners, Lightspeed Venture Partners, Vy Capital
• Fnality($95.00M) | Fnality International started its life as a pure research project to better understand how DLT could change financial markets — with participation from Banco Santander, Banco Santander, Barclays, Barclays, BNP Paribas Securities Services, BNY Mellon, BNY Mellon, CIBC, CIBC, Commerzbank, Commerzbank, Euroclear, Goldman Sachs, ING Ventures, ING Ventures, Lloyds Banking Group, Lloyds Banking Group, Nasdaq Ventures, Nasdaq Ventures, Nomura Holdings, State Street, State Street, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Banking Corporation, The Depository Trust & Clearing Corporation (DTCC), UBS, UBS, WisdomTree

* The data presented is based on information extracted from the CoinCarp Fundraising Database. Announced deals were used in the analysis. Some announced deals might not go on to complete, where deals have failed to complete and were indicated in the data as canceled or withdrawn, they were removed from our dataset. The deal count figures presented in this report refer to the number of deals announced, and whether or not a value has been disclosed for the deal.