A new wave of blockchain startups is emerging with powerful ideas and fresh capital. Since 2020, these 20 companies have each raised $1M to $5M to build decentralized finance platforms, secure digital identity tools, web3 infrastructure, and more.
They’re not just part of the blockchain boom—they’re shaping its future with real-world use cases and scalable solutions.
20 Rising Blockchain Startups Securing $1M–$5M in Funding
Meet the rising stars redefining how data, trust, and value move across the internet.
| Company Name | Founded | Location | Number of Employees | Last Funding | Last Funding Date | Total Funding |
|---|---|---|---|---|---|---|
| Randamu | 2023 | Wilmington, DE, USA | 1-10 | $3.3M | Nov 20, 2024 | $3.45M |
| Khalani | 2023 | USA | 11-50 | $2.5M | Aug 7, 2024 | $2.5M |
| Zerobase | 2024 | Los Altos, CA, USA | 1-10 | $5M | Oct 18, 2024 | $5M |
| Perena | 2024 | CA & KY, USA | 1-10 | $3M | Dec 11, 2024 | $3M |
| Key | 2023 | Palo Alto, CA, USA | 11-50 | $4.3M | Mar 11, 2024 | $4.3M |
| Kredete | 2022 | New York, NY, USA | 11-50 | $2.25M | Jul 1, 2024 | $2.765M |
| Nexis Network | 2021 | Miami, FL, USA | 11-50 | $3.5M | Apr 4, 2024 | $4.5M |
| Crestal | 2024 | San Francisco, CA, USA | 1-10 | $2M | May 3, 2024 | $2M |
| Mintify | 2022 | New York, NY, USA | 11-50 | $3.4M | Jul 30, 2024 | $5M |
| Craftt | 2024 | New York, NY, USA | 11-50 | $2M | Oct 23, 2024 | $2M |
| Elmnts | 2024 | Chicago, IL, USA | 1-10 | $2M | Aug 5, 2024 | $2M |
| Blockus | 2022 | Santa Monica, CA, USA | 1-10 | $4M | Mar 11, 2024 | $4.5M |
| NEBRA Labs | 2023 | Norfolk, VA, USA | 1-10 | $4.5M | Apr 17, 2024 | $5M |
| t1 Protocol | 2024 | New York, NY, USA | 1-10 | $2.5M | Sep 9, 2024 | $2.5M |
| Stork Network | 2022 | Brooklyn, NY, USA | 1-10 | $4M | Aug 22, 2024 | $4M |
| Degen | 2023 | Chicago, IL, USA | 1-10 | $1.47M | Feb 21, 2024 | $1.47M |
| MilkyWay | 2023 | San Francisco, CA, USA | 1-10 | $5M | Apr 30, 2024 | $5M |
| Kintsu | 2021 | New York, NY, USA | 1-10 | $4M | Jul 25, 2024 | $4M |
| Phylax Systems | 2024 | New York, NY, USA | 1-10 | $4.5M | Nov 1, 2024 | $4.5M |
| Prime Protocol | 2021 | Franklin, TN, USA | 1-10 | $1.25M | Sep 18, 2024 | $4M |
1. Randamu
- Founded: Oct 3, 2023
- Location: Wilmington, Delaware, USA
- Industry: Blockchain, Information Technology, Internet
- Number of Employees: 1-10
- Total Funding Amount: $3.45M
- Last Funding Amount: $3.3M (Latest Round: November 20, 2024)
Randamu is a pioneer in Randomness as a Service (RaaS) solutions, offering cryptographic randomness to enhance security, fairness, and transparency in blockchain applications. The company provides tamper-proof random number generation for various use cases, including gaming, cryptographic security, and decentralized applications (dApps). By ensuring verifiable randomness, Randamu plays a crucial role in strengthening trust and security in blockchain ecosystems.
With blockchain’s increasing adoption in financial services, gaming, and Web3 applications, Randamu’s RaaS solutions are becoming essential for ensuring unbiased outcomes and preventing manipulation. Their cryptographic protocols leverage decentralized infrastructure to eliminate single points of failure, making their service highly reliable.
2. Khalani
- Founded: 2023
- Location: America
- Industry: Blockchain
- Number of Employees: 11-50
- Total Funding Amount: $2.5M
- Last Funding Amount: $2.5M (Latest Round: August 7, 2024)
Khalani has pioneered the world’s first decentralized solver platform, revolutionizing the Web3 experience through a multi-chain collaborative solution network. By decentralizing solver infrastructure, Khalani significantly reduces the costs associated with developing and operating solvers, making blockchain-based automation more accessible and efficient.
The platform facilitates seamless interaction between different blockchain networks, enhancing interoperability and user efficiency. This innovation is particularly valuable for developers and enterprises looking to integrate blockchain automation while minimizing expenses.
3. Zerobase
- Founded: 2024
- Location: Los Altos, California
- Industry: Blockchain, Cryptocurrency, Consulting
- Number of Employees: 1-10
- Total Funding Amount: $5M
- Last Funding Amount: $5M (Latest Round: October 18, 2024)
Zerobase is an advanced real-time ZK (Zero-Knowledge) prover network designed to prioritize speed, decentralization, and regulatory compliance. By generating ZK proofs within a few hundred milliseconds, Zerobase enables fast and secure transactions across decentralized networks while maintaining high regulatory standards.
The company’s proprietary HUB ring-wake mechanism allows for a decentralized consensus that can handle large-scale commercial applications. This innovation aims to push forward the adoption of ZK technology in enterprise-grade blockchain solutions, particularly in industries where scalability and compliance are critical. Zerobase is strategically positioning itself as a key player in the growing ZK-based privacy and scalability sector.
4. Perena
- Founded: 2024
- Location: California, Kentucky
- Industry: Blockchain, Infrastructure
- Number of Employees: 1-10
- Total Funding Amount: $3M
- Last Funding Amount: $3M (Latest Round: December 11, 2024)
Perena is a blockchain startup focused on developing critical infrastructure to tackle some of the most pressing challenges in the stablecoin sector. The company aims to create more secure, scalable, and efficient frameworks that enhance the usability and reliability of stablecoins in decentralized finance (DeFi).
By addressing key issues such as liquidity management, regulatory compliance, and transparency, Perena is positioning itself as a foundational player in the stablecoin ecosystem. The company’s infrastructure solutions are designed to provide seamless integration for financial institutions, blockchain networks, and developers looking to innovate within the stablecoin space.
5. Key
- Founded: 2023
- Location: Palo Alto, California
- Industry: Blockchain, Communities
- Number of Employees: 11-50
- Total Funding Amount: $4.3M
- Last Funding Amount: $4.3M (Latest Round: March 11, 2024)
Key is a blockchain-powered community-building platform designed to help individuals and organizations foster meaningful professional relationships. By leveraging decentralized technology, Key enhances career growth, financial stability, and work-life balance within professional networks.
The platform provides a secure and efficient way for users to connect, collaborate, and unlock new opportunities within their industries. With a focus on decentralized identity, smart networking, and AI-driven insights, Key aims to revolutionize the way communities engage and grow in the digital age.
6. Kredete
- Founded: Sep 13, 2022
- Location: New York, New York
- Industry: Blockchain, Credit
- Number of Employees: 11-50
- Total Funding Amount: $2.765M
- Last Funding Amount: $2.25M (Latest Round: Jul 1, 2024)
Kredete is a financial technology platform designed to empower the 65 million African immigrants and global businesses in North America by providing seamless access to instant, low-fee remittances and competitive foreign exchange (FX) rates. The platform enables users to send money to 20+ countries while also offering innovative credit-building solutions.
Through its blockchain-based infrastructure, Kredete ensures fast, secure, and cost-effective transactions, helping users improve their credit scores by up to 80+ points. The platform also provides a comprehensive digital banking experience, enabling customers to save, invest, and manage their finances efficiently.
7. Nexis Network
- Founded: Jan 7, 2021
- Location: Miami, Florida
- Industry: Blockchain, Information Technology
- Number of Employees: 11-50
- Total Funding Amount: $4.5M
- Last Funding Amount: $3.5M (Latest Round: Apr 4, 2024)
Nexis Network is a public layer-1 blockchain foundation designed to power the decentralization of Artificial Intelligence (AI) ecosystems, offering distributed computing and decentralized data storage. The network combines the strengths of optimistic and zero-knowledge (ZK) proofs while supporting Rust and Solidity programming languages to enhance scalability, reduce costs, and ensure secure, high-speed transactions.
The Nexis Network enables real-time data availability for accelerated computing, decentralized finance (DeFi), risk-weighted assets (RWAs), and AI models. By integrating cross-chain interoperability, instant transaction settlement, and enhanced data security, it aims to address critical blockchain limitations in the AI and financial markets.
8. Crestal
- Founded: 2024
- Location: San Francisco
- Industry: Blockchain
- Number of Employees: 1-10
- Total Funding Amount: $2M
- Last Funding Amount: $2M (Latest Round: May 3, 2024)
Crestal is redefining the future of Web3 with a cutting-edge decentralized platform built for scalability, security, and efficiency. By leveraging a modular service architecture and its unique Proof of Performance (PoP) consensus mechanism, Crestal ensures that blockchain services are monitored, scored, and optimized for peak performance.
With a mission to bridge the gap between decentralized applications and real-world usability, Crestal empowers developers and businesses to build next-generation Web3 solutions with unmatched transparency and trust. Its innovative infrastructure paves the way for faster, more reliable, and highly secure decentralized ecosystems, setting a new standard for the blockchain industry.
9. Mintify
- Founded: Jan 2, 2022
- Location: New York
- Industry: Blockchain
- Number of Employees: 11-50
- Total Funding Amount: $5M
- Last Funding Amount: $3.4M (Latest Round: Jul 30, 2024)
Mintify is revolutionizing the NFT and digital asset trading landscape with its modular trading terminal powered by $ME, the Mintify Ecosystem token. Designed for speed, efficiency, and deep market insights, Mintify provides a multi-chain trading platform that allows users to discover, analyze, and trade NFTs like never before.
By integrating cutting-edge NFT-Fi (NFT Finance) solutions, Mintify empowers traders with real-time analytics, advanced automation, and a seamless user experience. Whether you’re an individual collector or an institutional investor, Mintify’s powerful infrastructure ensures you stay ahead in the fast-evolving digital asset space.
10. Craftt
- Founded: 2024
- Location: New York
- Industry: Blockchain
- Number of Employees: 11-50
- Total Funding Amount: $2M
- Last Funding Amount: $2M (Latest Round: Oct 23, 2024)
Craftt is redefining the future of work with its decentralized infrastructure platform, designed to create a frictionless and fairer economic system for modern professionals. With a mission to provide universal benefits and financial confidence, Craftt empowers the workforce by leveraging blockchain technology to ensure secure, transparent, and equitable compensation structures.
By integrating decentralized finance (DeFi) principles, Craftt’s innovative platform enables borderless, automated, and fair compensation models, making financial security more accessible than ever. As the traditional work landscape evolves, Craftt is setting a new standard for economic freedom, ensuring that workers—no matter where they are—have the tools and financial stability they need to thrive.
11. Elmnts
- Founded: Jul 2024
- Location: Chicago
- Industry: Blockchain
- Number of Employees: 1-10
- Total Funding Amount: $2M
- Last Funding Amount: $2M (Latest Round: August 5, 2024)
Elmnts is transforming the oil and gas royalties market with a blockchain-based, tokenized commodity ecosystem designed for greater liquidity, fewer intermediaries, and lower fees. By leveraging blockchain technology, Elmnts brings transparency and efficiency to an industry traditionally dominated by complex transactions and high costs.
With a fully on-chain infrastructure, Elmnts enables the secure, decentralized trading of oil and gas royalties, offering investors and stakeholders seamless access to real-world asset-backed digital commodities. This innovative approach unlocks new opportunities for more accessible, efficient, and fair commodity trading, positioning Elmnts as a game-changer in the energy sector.
12. Blockus
- Founded: Nov 2022
- Location: Santa Monica
- Industry: Blockchain, Web3 Gaming
- Number of Employees: 1-10
- Total Funding Amount: $4.5M
- Last Funding Amount: $4M (Latest Round: March 11, 2024)
Blockus is revolutionizing the Web3 gaming landscape with a seamlessly integrated, fully compliant ecosystem designed to empower game studios. By offering Wallet-as-a-Service (WaaS) and a first-party NFT marketplace, Blockus enables developers to build faster, reduce costs, and focus on delivering immersive gameplay.
Backed by a16z CSS, Blockus is setting new standards for efficiency, accessibility, and innovation in blockchain gaming. Its beautifully designed infrastructure is built to streamline the entire gaming economy, from digital asset ownership to in-game transactions.
13. NEBRA Labs
- Founded: 2023
- Location: Norfolk
- Industry: Blockchain
- Number of Employees: 1-10
- Total Funding Amount: $5M
- Last Funding Amount: $4.5M (Latest Round: April 17, 2024)
NEBRA Labs is a forward-thinking blockchain services company dedicated to providing innovative solutions for businesses looking to integrate blockchain technology into their operations. With a focus on building cutting-edge decentralized systems, NEBRA Labs is helping companies navigate the complexities of blockchain while delivering tangible value through streamlined solutions.
By combining deep industry expertise with the power of blockchain, NEBRA Labs offers a range of services designed to enhance security, transparency, and efficiency across various industries. As a leader in the space, NEBRA Labs is committed to driving real-world adoption of blockchain and shaping the future of decentralized technologies.
14. t1 (aka t1 Protocol)
- Founded: 2024
- Location: New York
- Industry: Blockchain
- Number of Employees: 1-10
- Total Funding Amount: $2.5M
- Last Funding Amount: $2.5M (Latest Round: September 9, 2024)
t1 is a next-gen blockchain rollup designed to enable instant settlement and unify Ethereum, enhancing its scalability and transaction speed. By optimizing Ethereum’s transaction processing, t1 creates a seamless experience for developers and users, making decentralized applications faster and more efficient.
With a cutting-edge rollup solution, t1 removes bottlenecks while ensuring that Ethereum’s core values of decentralization, security, and transparency remain intact. It provides a robust platform for developers to build highly scalable, secure applications that can handle the demands of today’s rapidly evolving blockchain landscape.
15. Stork Network
- Founded: 2022
- Location: Brooklyn
- Industry: Blockchain
- Number of Employees: 1-10
- Total Funding Amount: $4M
- Last Funding Amount: $4M (Latest Round: August 22, 2024)
Stork Network is at the forefront of decentralized data solutions, empowering decentralized protocols with reliable and scalable data infrastructure. By providing a secure and efficient way to access real-time data, Stork Network ensures that blockchain applications can function with high accuracy and integrity.
As blockchain technology continues to evolve, Stork Network’s innovative data services enable decentralized applications (dApps) to thrive by offering decentralized oracles and data feeds that ensure both security and reliability. Stork Network is committed to driving the growth of the blockchain ecosystem by delivering the foundational data infrastructure needed for its expansion.
16. Degen
- Founded: 2023
- Location: Chicago
- Industry: Blockchain
- Number of Employees: 1-10
- Total Funding Amount: $1.47M
- Last Funding Amount: $1.47M (Latest Round: February 21, 2024)
Degen is a trailblazing service provider specializing in Farcaster ecological meme projects, creating an engaging ecosystem and community for the next generation of decentralized digital experiences. As a key player in the meme-driven corner of the blockchain world, Degen’s unique approach blends community-building with creativity, offering a platform that allows users to express themselves, connect, and engage with others in the growing Farcaster network.
By fostering innovative meme projects and a robust online presence, Degen is helping to drive the evolution of digital communities through a fun, accessible, and collaborative ecosystem. Whether you’re a creator, collector, or meme enthusiast, Degen’s vibrant platform offers an inclusive space for sharing, engaging, and expanding the meme culture.
17. MilkyWay
- Founded: 2023
- Location: San Francisco
- Industry: Blockchain
- Number of Employees: 1-10
- Total Funding Amount: $5M
- Last Funding Amount: $5M (Latest Round: April 30, 2024)
MilkyWay is a leading liquid staking protocol that is revolutionizing the way users interact with blockchain staking. By offering a liquid staking solution, MilkyWay enables users to earn staking rewards while maintaining the flexibility to trade or use their staked assets—unlocking new possibilities for liquidity and user engagement in the blockchain ecosystem.
Designed with decentralization, security, and scalability in mind, MilkyWay simplifies the staking process, empowering users to maximize returns without locking up their tokens for long periods. With its innovative protocol, MilkyWay is reshaping the landscape of staking solutions, making it easier for individuals and institutions to participate in staking without compromising liquidity or flexibility.
18. Kintsu
- Founded: 2021
- Location: New York
- Industry: Blockchain
- Number of Employees: 1-10
- Total Funding Amount: $4M
- Last Funding Amount: $4M (Latest Round: July 25, 2024)
Kintsu is a pioneering liquid staking platform that enhances your staking experience by offering greater flexibility and increased benefits within decentralized finance (DeFi) ecosystems. Designed to unlock the full potential of blockchain staking, Kintsu enables users to earn rewards while maintaining access to their staked assets—creating a dynamic staking experience in the ever-evolving DeFi space.
By simplifying the staking process, Kintsu ensures that users can optimize their DeFi strategies, offering them more freedom and control over their assets. Whether you’re an individual investor or a large-scale entity, Kintsu provides an innovative solution that helps you maximize returns without compromising liquidity or efficiency.
19. Phylax Systems
- Founded: 2024
- Location: New York
- Industry: Blockchain
- Number of Employees: 1-10
- Total Funding Amount: $4.5M
- Last Funding Amount: $4.5M (Latest Round: November 1, 2024)
Phylax Systems is a pioneering blockchain security company that offers an open-source protocol platform designed to protect against hacks and enhance the integrity of decentralized networks. Specializing in Layer 2 (L2) networks, Phylax Systems ensures that Ethereum Virtual Machine (EVM) chains remain secure and free from malicious attacks, enabling enterprises to invest in decentralized technologies.
By focusing on censorship-resistant security, Phylax Systems helps businesses confidently navigate the evolving decentralized landscape. The platform’s innovative approach makes it easier for corporations to embrace decentralized finance (DeFi) and other blockchain applications, knowing their assets and operations are protected by cutting-edge security measures.
20. Prime Protocol
- Founded: 2021
- Location: Franklin
- Industry: Blockchain
- Number of Employees: 1-10
- Total Funding Amount: $4M
- Last Funding Amount: $1.25M (Latest Round: September 18, 2024)
Prime Protocol is a revolutionary decentralized prime brokerage platform that enables users to borrow against the value of their entire portfolio across multiple blockchains. By leveraging the power of cross-chain interoperability, Prime Protocol empowers users to access capital and liquidity from diverse blockchain ecosystems, unlocking new possibilities for decentralized finance (DeFi).
Designed for institutions and individual investors, Prime Protocol offers a seamless, secure, and efficient way to manage and leverage assets across different blockchain networks. With its innovative decentralized approach, Prime Protocol bridges the gap between traditional finance and the emerging Web3 ecosystem, providing a sophisticated solution for portfolio management, lending, and borrowing.
Conclusion
These 20 blockchain startups, each founded after 2020 and securing $1M–$5M in funding, are building the foundations of tomorrow’s decentralized world. From reinventing finance and supply chains to redefining data ownership and digital identity, their innovations are paving the way for secure, transparent, and scalable blockchain applications across industries.
FAQs
Q. Are these startups only focused on cryptocurrency?
Answer: No. While many of these startups are involved in the cryptocurrency space, their work extends far beyond it. They are developing solutions for decentralized finance (DeFi), supply chain management, Web3 applications, and other industries that can benefit from blockchain technology.
Q. Can these blockchain startups disrupt traditional industries?
Answer: Yes, many of these startups are positioned to disrupt traditional industries by offering more efficient, transparent, and secure solutions. From transforming the way financial transactions are handled to improving supply chain transparency, blockchain technology has the potential to reshape various sectors.
Q. How do I keep track of these blockchain startups?
Answer: To keep up with the latest developments from these startups, you can follow them on social media, subscribe to their newsletters, or regularly check their websites. You can also explore industry news sources and blockchain-specific publications for updates on their progress and innovations.