Blockchain Funding: Top Startups to Watch in 2024
Are you an ambitious entrepreneur who wants to start a blockchain startup? and you also want to get the desired blockchain startup funding to execute the idea?
You’re not alone. But let us tell you, this is not on the light side – turning your blockchain startup idea into reality is easier said than done.
Between the constant pitch decks, juggling with the subtleties of investors, and just trying to find your niche between similar businesses, it does get pretty tiring.
The need to secure funds, the one essential lifeblood for your startup, adds to that pressure and very quickly the struggle appears to be the only option.
Here’s the good news: you’re not too alone.
The blockchain startup you envy at the moment began from a dream and a wish plus the drive to succeed at this type of business.
The difference? They were able to secure blockchain startup funding at the right time.
Here, we present you with a list of promising blockchain companies that managed to raise funds in 2024.
Why? Because their stories could be used as your guide.
Whether you’re just starting the process of getting your first few customers or preparing for your next round of crypto startup funding, you can find great tips to follow.
Without further ado, — Let’s get started.
Overview of Growth of the Crypto Startup Market
According to NASDAQ on October 11, 2021, Google has tied with Bakkt, a crypto marketplace, and Bitcoin.
Facebook in the meantime supports Diem, the cryptocurrency project that initially was called Libra.
One estimate indicates that more than 85 million people are registered with a crypto wallet.
And the good news is that such a global blockchain/crypto market will increase in the future.
The market in heading towards higher figures and it is estimated that the market of crypto will reach beyond $94.0 billion by the end of the year 2027 with a CAGR of approx. 66.2 % in the period of 2022-2027.
Additionally, the blockchain and cryptocurrency reality check report provides specific sections on major trends in the blockchain making known that as the blockchain continually develops, the future tech and trends will demonstrate how blockchain impacts NFTs, IoT, and Metaverse trends.
Well, if you ever thought about which crypto startups in 2024 one should consider as promising, this post is for you indeed.
Top 6 Funded Crypto Startups in 2024
Chainalysis
Year Founded: 2014
The next emerging in 2024 America-based crypto start-up is a New York-based company, The current NY search trend is regular and the NY 5-year Search Trend Prognosis is 1087%.
Thus, during the funding phase of Series E, Chainalysis has collected $366,6 million.
Crunchbase has it that the company enjoys the support of about 27 investors at the moment.
Chainalysis is committed to designing a transparent environment for a global economy.
They have done so by creating a digital economy through the use of blockchain technology.
Since it allows governments, banks, and businesses to get the same picture of how people generally incline to use cryptocurrencies.
To recap, what Chainalysis wishes to do is to introduce some law into the rather lawless beast that is blockchain.
It has also created a compliance, investigation and risk management tool for solving criminal cases in the world of cryptocurrency.
Till now, it has been able to sell its service to many organizations based in more than sixty countries.
Fumbi
Year Founded: 2018
A crypto-player originates from Slovakia, and this company is included because the site’s 5-yr search growth prediction is a spectacular 1100%.
In Fumbi, Bratislava, Slovakia is its place of headquarters and they have a regular of search growth type.
It becomes the substitution of collection investment schemes with the help of this cryptocurrency trading platform. The users on Fumbi will directly own their crypto coins.
It is interesting that the startup in 2023 has more than 115 thousand registered users who can trade in 34 cryptocurrencies.
Up to date Fumbi has raised an Early stage VC of $1.8 million since 2018.
Mintable
Year Founded: 2018
Another promising crypto startup from Singapore in 2024 is Mintable, even though the company was founded in 2018.
This blockchain marketplace currently holds a regular Search Growth Status and is projected that there will be more than 99X growth in the next 5 years.
Up to this point, it has achieved the market credibility of 17 investors.
Perhaps, it would interest you to learn that billionaires like Mark Cuban have taken an investment interest in Mintable.
For the moment, the funding from the Series A round reached an impressive $13 million in total.
NFT is what Mintable is after. It would like to hitch its wagon to NFT as it provides a place where it enables its users to create and sell an NFT.
Despite the flexibility that it might have, some are associated with risks in NFTs.
But that is not all because, with the help of safety tips, you will be able to avoid those common NFT scams out there.
Pastel Network
Year Founded: 2018
Another company from New York is a 2018-started startup called Pastel Network.
The search frequencies of the digital platform are steady in regular growth status.
Pastel Network is a decentralized P2P solution which enables its users to also register, collect and sell their digital assets.
Thus it seems that, up to now, Pastel Network has achieved an enormous seed investment of $5 million.
The good news for new entrants seeking an entry point into trade cryptocurrency is that Pastel Network has an estimated annual revenue of $1.3 million.
Sorare
Year Founded: 2018
If you are interested in investing in or trading on European crypto startups in 2024 then Sorare is all you need.
This startup originates from Saint Mande, a suburb in France.
This is a unique one-of-a-kind soccer fantasy platform powered by blockchain and has been in existence since 2018.
It is currently enjoying a regular search growth status with a 5-year expected growth of more than 99 times.
This can be judged by the funding received in Series B for Sorare.
In total, this startup has already accrued a budget of 739.4 million dollars. Now this crypto-based soccer gaming platform has investors from 33 currently.
Today with the help of its gaming arena, one can play fantasy soccer as a user in Sorare platform.
Also, this platform allows its users to buy and sell digital player cards as their main products as well.
You can trade your limited editions of players’ digital cards among the community as well.
Not only that, Sorare has a legal license and permission to provide digital player cards to 142 soccer clubs.
Zerion
Year Founded: 2016
This one is an all-American crypto startup that has its origin in San Francisco, California.
The company entered the scene of blockchain in 2016 with a regular search growth rate.
The current forecast for the 5-year growth of search volume for Zerion has been estimated at 1475%.
In funding series A of funding, Zerion was able to mobilize a whopping $10.2 million for funding.
This crypto startup in 2023 has already got the accreditation from 23 investors and the organization has only three individuals employed.
Zerion enables investors to participate in many DeFi choices and opportunities. It also has utility for its users enabling them to get data on their DeFi projects.
Customers can monitor their portfolios, trade them, and have them all under one roof.
At the time, the Zerion marketplace integrated with over 60 DeFi projects and had more than 200,00 monthly active users.
These top crypto startups may roar in 2024 already.
They have demonstrated the ability to discern what hurts, how to create new approaches, and what strategies can be sold to users and funders alike.
Consequently, cryptocurrency and blockchain are complicated sectors with many concerns, and everybody must be prepared for potential risks, at the very least having some information.
So, if you want to get a handle on it, you can count on us.
The software development company from the USA, being an industry leader, helps businesses work with blockchain and cryptocurrency.
Ways to Secure Blockchain Startup Funding or Grants
Finding the Right Way
Take time to look for blockchain startup funding that would suit your project. Fundings have different terms and conditions for disbursement, so you need to agree on the most suitable one.
Application Process
To apply for funding it is common to fill an elaborate proposal document with information on the kind of project you intend to undertake, the objectives you wish to achieve and how the funding will be utilised.
Preparing a Strong Proposal
Finance requires funding and this comes easy if one has a well-developed proposal. It should include:
- Clear objectives
- A detailed project plan
- A budget outline
Cloud Credits for Startups
A Perspective on Google Cloud Platform Credit for Startups
Some multinational organizations such as Google have supported startups by providing up to $100,000 of credits in cloud services to cover infrastructure costs.
This support can be actual for extensive implementations of blockchain applications.
AWS Cloud Credit for Startups
It’s also possible to get AWS cloud credits with amounts reaching from $1,000 up to $100,000 based on the startup type and its state for funding.
These credits can be redeemed on computing, storage and more aspects that are associated with cloud service
Making a Strong Application
Components of a Successful Application
- Clear Objectives: This is done by ensuring that your project objectives are stated explicitly and in a manner which points out how they will meet the goals to secure grants.
- Detailed Plan: Describe the technical plan, timeline planning, and necessary budget to back its propositions.
- Potential Impact: Emphasize the benefits of your work contribution to the blockchain world or the particular field.
Common Mistakes to Avoid
- Lack of Clarity: Make sure that all the information provided by you is sounds professional but not too technical.
- Incomplete Information: Submit all the necessary information and documents that will prevent rejection or prolongation of the processing of the request.
- Unrealistic Projections: I will agree to realistic projections and time lines to enable the grant provider to open up and trust the project team.
Alternative Funding Options
Venture Capital
Venture capitalists are those who provide capital to new-generation companies in return for an equity stake.
This can be useful to look into when wanting to find funds for high-growth companies that are in their early stages.
Initial Coin Offerings (ICOs)
These are normally used in crowdfunding; ICOs are a process of selling tokens to investors.
It is a way to fund that enables startups to pull capital with no having to forfeit equity but comes with the risk of regulations.
Angel Investors
Such investors are typically wealthy individuals who use their own money to invest in young companies up to their first institutional round of funding.
They also offer funding as well as training and contacts with other business personalities.
Final Thoughts
If you are an entrepreneur seeking the best-performing crypto startups in 2024 to start own, the above-mentioned platforms should do well to help.
Many of them are diverse, ranging from trading platforms to regulatory solutions and actual Crypto-based gaming arenas.
Therefore, select one idea that fascinates you.
And if you have any thoughts to discuss with professionals to seek the best guidance, Reliable Startup is available 24/7 to hear you out!
