Crypto Valley Funding Tracker: 2024-2025 Investment Rounds
Crypto Valley raised $586 million across 56 deals in 2024. This tracker monitors venture capital rounds, token sales, and institutional investments across the Swiss blockchain ecosystem.
2024 Funding Summary
| Metric | 2024 Total |
|---|---|
| Total raised | $586 million |
| Number of deals | 56 |
| Average deal size | $10.5 million |
| Seed/Pre-seed deals | 31 |
| Series A-B deals | 19 |
| Growth/Late-stage deals | 6 |
2024 represented a recovery from 2022-2023 bear market conditions, though below the 2021 peak of $1.1 billion raised.
2024 Notable Rounds (Disclosed)
Sygnum Bank — $58 Million (January 2025 / Q4 2024 pipeline)
Sector: Digital Asset Banking Stage: Strategic Growth Lead: Fulgur Ventures Valuation: $1 billion+ (unicorn) Use: International expansion, B2B platform growth
The most significant round in the Crypto Valley ecosystem in the 2024-2025 period. Fulgur Ventures, a Bitcoin-focused VC, led the round. The unicorn valuation — first for a regulated crypto bank globally — validated Sygnum’s thesis that institutional digital asset banking is a sustainable, scalable enterprise.
Bitcoin Suisse — Undisclosed (2024)
Sector: Crypto Brokerage Stage: Growth Notes: Bitcoin Suisse has been operationally profitable and has not required external capital; any 2024 round would be strategic.
CV VC Portfolio Companies — Multiple Rounds
CV VC’s 100+ portfolio companies collectively raised significant capital across 2024. CV VC does not disclose individual portfolio company valuations, but portfolio aggregate value reached $890 million.
2025 Funding Activity (Q1 2025)
| Company | Amount | Round | Sector |
|---|---|---|---|
| Sygnum Bank | $58M | Strategic Growth | Digital Asset Banking |
Q1 2025 data is preliminary. The tracker will be updated as additional rounds are disclosed.
Funding by Sector (2024)
| Sector | Estimated Share of 2024 Funding |
|---|---|
| Digital Asset Banking | 35% |
| Infrastructure and Protocol | 28% |
| DeFi and Web3 | 15% |
| Tokenisation | 12% |
| Enterprise Blockchain | 7% |
| Other | 3% |
Major Institutional Investors Active in Crypto Valley
Venture Capital
Fulgur Ventures: Bitcoin-focused VC; led Sygnum’s January 2025 round. Represents the growing institutional conviction that Bitcoin-native financial infrastructure is the long-term value creation opportunity.
CV VC AG: Zug’s primary domestic blockchain VC. Most prolific Swiss blockchain investor by deal count. $890M portfolio value across 100+ companies.
Andreessen Horowitz (a16z): a16z crypto has significant European blockchain exposure including through Swiss-registered foundations (Web3 Foundation portfolio companies). Most significant US-based investor in the Crypto Valley ecosystem.
Polychain Capital: Early-stage crypto-focused VC with Crypto Valley foundation investments.
Hashkey Capital: Asian institutional blockchain investor with European exposure including through Crypto Valley.
Strategic Investors
Julius Baer Group: Holds approximately 15% of AMINA Bank. The most significant traditional banking investment in Crypto Valley’s regulated digital asset sector.
SIX Group: Operator of the SIX Digital Exchange (SDX), Switzerland’s regulated DLT securities trading venue. SIX’s investment in SDX infrastructure is the most significant Swiss financial infrastructure investment in blockchain.
Historical Funding Context
| Year | Total Raised (Crypto Valley) | Market Conditions |
|---|---|---|
| 2017 | $700M+ | ICO boom; Tezos $612M dominates |
| 2018 | $400M | Post-ICO regulatory scrutiny |
| 2019 | $280M | Bear market; institutional building |
| 2020 | $350M | COVID recovery; DeFi summer |
| 2021 | $1.1B | Bull market peak; institutional adoption |
| 2022 | $520M | Bear market; FTX collapse; Q4 2022 collapse |
| 2023 | $380M | Bear market bottom; recovery beginning |
| 2024 | $586M | Recovery; institutional re-engagement |
| Q1 2025 | $58M+ | Continued recovery (partial data) |
Monitoring Methodology
Funding data is compiled from:
- Company press releases and official announcements
- Crunchbase and PitchBook database entries
- CV VC annual Top 50 reports
- Swiss media (NZZ, Handelszeitung, Finanz und Wirtschaft)
- Crypto industry media (CoinDesk, The Block, Decrypt)
Funding amounts may differ from other sources where companies have disclosed different figures at different stages. Not all rounds are publicly disclosed — particularly seed and angel rounds, and strategic corporate investments. Total ecosystem funding likely exceeds disclosed figures.
Internal Links
- Crypto Valley Companies Tracker: Active Blockchain Companies in Zug (2025)
- CV VC: Crypto Valley’s Institutional Venture Capital Firm
- Sygnum Bank: The World’s First Regulated Digital Asset Bank
- Crypto Valley Investment Guide: The Institutional Perspective