Blockchain technology has evolved far beyond its roots in cryptocurrency, finding applications in industries such as finance, healthcare, supply chain management, and more. Since 2020, a new wave of blockchain startups has emerged, pushing the boundaries of what this transformative technology can do. From decentralized finance (DeFi) to blockchain-based security solutions, these companies are building innovative platforms that are set to revolutionize industries worldwide.
With funding ranging from $10M to $50M, these startups are scaling quickly, advancing their projects, and attracting significant attention from investors looking to capitalize on blockchain’s potential. Their ability to raise such substantial capital underscores the growing confidence in blockchain’s long-term impact on the global economy.
In this blog, we spotlight 20 blockchain startups founded after 2020 that have secured between $10M and $50M in funding. These companies are paving the way for the future of decentralized technology, and their innovations are poised to change the way we interact with the digital world.
Meet 20 Blockchain Startups Shaping the Future with $10M–$50M
Blockchain space is bustling with innovation, and these 20 startups are driving change with their groundbreaking solutions and impressive funding rounds. Backed by investments ranging from $10M to $50M, these companies are developing cutting-edge platforms that aim to enhance security, transparency, and efficiency across various industries. From decentralized finance to blockchain-based supply chain solutions, these startups are poised to reshape the way we interact with the digital world.
Let’s dive into these trailblazing companies and see how they’re revolutionizing the blockchain landscape!
| Company | Founded | Location | Employees | Last Funding | Last Funding Date | Total Funding |
|---|---|---|---|---|---|---|
| Plume Network | 2023 | San Francisco, CA, USA | 11-50 | $20M | Dec 18, 2024 | $30M |
| Gaxos.AI | 2022 | Roseland, NJ, USA | 11-50 | $4M | Dec 27, 2024 | $12.5M |
| Sonic | 2020 | San Francisco, CA, USA | 11-50 | $12M | Jun 18, 2024 | $16M |
| Solayer | 2023 | San Francisco, CA, USA | 1-10 | $12M | Aug 27, 2024 | $12M |
| MegaETH | 2024 | Stanford, CA, USA | 1-10 | $10M | Dec 13, 2024 | $30M |
| Taiko Labs | 2022 | Bay City, MI, USA | 11-50 | $15M | Mar 2, 2024 | $37M |
| Fordefi | 2021 | New York, NY, USA | 11-50 | $10M | Feb 13, 2024 | $28M |
| Elixir | 2022 | New York, NY, USA | 11-50 | $8M | Mar 12, 2024 | $17.6M |
| Slingshot Finance | 2020 | San Francisco, CA, USA | 11-50 | $3.5M | Nov 1, 2024 | $34.35M |
| Waterfall Network | 2022 | New York, NY, USA | 1-10 | $11.6M | Dec 12, 2024 | $13.6M |
| Analog | 2022 | Newark, DE, USA | 11-50 | $16M | Feb 12, 2024 | $16M |
| Caldera | 2022 | San Francisco, CA, USA | 11-50 | $15M | Jul 24, 2024 | $24M |
| InfiniGods | 2022 | Austin, TX, USA | 11-50 | $8M | Apr 25, 2024 | $17M |
| Turnkey | 2022 | New York, NY, USA | 11-50 | $15M | Apr 23, 2024 | $37M |
| Ellipsis Labs | 2022 | New York, NY, USA | 1-10 | $21M | Oct 31, 2024 | $44.3M |
| Union Labs | 2023 | Norfolk, VA, USA | 11-50 | $12M | Dec 3, 2024 | $16M |
| Superlogic | 2021 | Miami, FL, USA | 11-50 | $7.6M | Apr 18, 2024 | $15.6M |
| Huma | 2022 | San Francisco, CA, USA | 1-10 | $28M | Sep 11, 2024 | $46.3M |
| Provenance Blockchain Labs (ProvLabs) | 2024 | Monmouth Beach, NJ, USA | 11-50 | $17.65M | Nov 8, 2024 | $17.65M |
| Ava Protocol | 2021 | San Francisco, CA, USA | 11-50 | $4.5M | Jun 11, 2024 | $10M |
1. Plume Network
- Founded: 2023
- Location: San Francisco, California, USA
- Industry: Blockchain, Cryptocurrency, Information Technology
- Number of Employees: 11-50
- Last Funding Amount: $20M (Latest Round: December 18, 2024)
- Total Funding Amount: $30M
Plume Network is a cutting-edge blockchain and cryptocurrency company that is redefining the landscape of decentralized digital solutions. With a team of passionate professionals, Plume focuses on delivering secure, scalable, and innovative blockchain-based technologies for diverse industries. Their platform enhances transparency, efficiency, and security, enabling seamless digital transactions.
By fostering accessibility and driving adoption, Plume aims to empower individuals and businesses through robust blockchain infrastructure. With $30M in total funding, the company is committed to advancing the future of blockchain technology, helping organizations harness its transformative potential for long-term growth and success.
2. Gaxos.AI
- Founded: 2022
- Location: Roseland, New Jersey, USA
- Industry: Blockchain, Cryptocurrency, Gaming
- Number of Employees: 11-50
- Last Funding Amount: $4M (Latest Round: December 27, 2024)
- Total Funding Amount: $12.5M
Gaxos.AI is an innovative blockchain and gaming company that specializes in integrating AI-driven technology with decentralized digital gaming ecosystems. The platform leverages blockchain and cryptocurrency technologies to offer players secure, scalable, and immersive gaming experiences. Gaxos.AI aims to empower users with ownership of in-game assets through NFTs, creating new opportunities in the evolving world of digital entertainment.
With $12.5M in total funding, Gaxos.AI is on a mission to revolutionize the gaming industry by combining artificial intelligence with blockchain, pushing the boundaries of what’s possible in the future of gaming.
3. Sonic
- Founded: 2020
- Location: San Francisco, California, USA
- Industry: Blockchain, Gaming
- Number of Employees: 11-50
- Last Funding Amount: $12M (Latest Round: June 18, 2024)
- Total Funding Amount: $16M
Sonic is a pioneering company at the intersection of blockchain technology and gaming. The company aims to revolutionize the gaming industry by integrating decentralized technology to create unique gaming experiences. With a total of $16M in funding, Sonic is developing innovative, blockchain-based solutions that enhance game design, in-game economies, and user engagement.
By leveraging the power of smart contracts, Sonic is creating games that allow players to truly own in-game assets, unlock new economies, and have full control over their gameplay. The platform’s seamless integration of blockchain provides gamers with a new level of transparency, fairness, and ownership in the digital gaming world.
4. Solayer
- Founded: 2023
- Location: San Francisco, California, USA
- Industry: Blockchain, Decentralized Finance (DeFi), Infrastructure
- Number of Employees: 1-10
- Last Funding Amount: $12M (Latest Round: August 27, 2024)
- Total Funding Amount: $12M
Solayer is a cutting-edge platform in the decentralized finance (DeFi) sector, aiming to provide innovative solutions for blockchain-based financial infrastructures. With $12M in total funding, the company focuses on creating secure, scalable, and decentralized financial services that empower users and businesses alike.
Solayer offers a range of DeFi tools, services, and protocols designed to optimize asset management, lending, and trading within the blockchain ecosystem. By prioritizing transparency and security, Solayer is building a decentralized infrastructure that facilitates trustless transactions and fosters the growth of the broader DeFi space.
5. MegaETH
- Founded: 2024
- Location: Stanford, California, USA
- Industry: Blockchain, Cloud Management, Ethereum
- Number of Employees: 1-10
- Last Funding Amount: $10M (Latest Round: December 13, 2024)
- Total Funding Amount: $30M
MegaETH is a pioneering platform focused on harnessing the power of Ethereum and blockchain technology to provide advanced cloud management solutions. With $30M in total funding, the company aims to revolutionize cloud computing by integrating decentralized systems into traditional cloud infrastructures. By offering efficient and secure Ethereum-based cloud services, MegaETH is leading the charge in optimizing blockchain scalability and reducing operational costs for businesses. The company’s cutting-edge solutions are designed to deliver greater flexibility, security, and transparency in cloud management, positioning MegaETH as a key player in the future of decentralized cloud ecosystems.
6. Taiko Labs
- Founded: 2022
- Location: Bay City, Michigan, USA
- Industry: Blockchain, Cryptocurrency, Ethereum
- Number of Employees: 11-50
- Last Funding Amount: $15M (Latest Round: March 2, 2024)
- Total Funding Amount: $37M
Taiko Labs is an innovative company focused on advancing Ethereum’s blockchain technology by providing scalable and decentralized solutions. With a vision to enhance the performance and functionality of Ethereum, Taiko Labs is developing cutting-edge infrastructure to address key challenges such as scalability, security, and decentralization. By raising a total of $37M in funding, the company is positioning itself as a leader in the Ethereum ecosystem, aiming to drive the adoption of next-generation blockchain technology. Taiko Labs is paving the way for a decentralized future, where seamless transactions and enhanced privacy will be at the core of the blockchain experience.
7. Fordefi
- Founded: 2021
- Location: New York, New York, USA
- Industry: Blockchain, Cryptocurrency, FinTech
- Number of Employees: 11-50
- Last Funding Amount: $10M (Latest Round: February 13, 2024)
- Total Funding Amount: $28M
Fordefi is a forward-thinking company specializing in decentralized finance (DeFi) solutions. Combining blockchain technology and cryptocurrency with financial services, Fordefi aims to revolutionize the traditional financial ecosystem. By developing a range of innovative DeFi products, Fordefi provides users with secure, transparent, and decentralized alternatives to traditional finance. With $28M in total funding, the company is poised to drive growth in the DeFi space, offering new opportunities in lending, trading, and asset management. Fordefi is helping shape the future of finance with its commitment to accessibility, security, and decentralization.
8. Elixir
- Founded: 2022
- Location: New York, New York, USA
- Industry: Blockchain, Cryptocurrency, Software
- Number of Employees: 11-50
- Last Funding Amount: $8M (Latest Round: March 12, 2024)
- Total Funding Amount: $17.6M
Elixir is an innovative company in the blockchain and cryptocurrency sector, focused on providing cutting-edge software solutions. With a strong commitment to building scalable, secure, and efficient decentralized applications (dApps), Elixir aims to bridge the gap between blockchain technology and practical, real-world use cases.
The company leverages its expertise to create products that empower users and businesses to seamlessly integrate blockchain technology into their operations. With $17.6M in funding, Elixir is well-positioned to expand its product offerings and push the boundaries of what’s possible in the decentralized space.
9. Slingshot Finance
- Founded: September 2020
- Location: San Francisco, California, USA
- Industry: Blockchain, Cryptocurrency
- Number of Employees: 11-50
- Last Funding Amount: $3.5M (Latest Round: November 1, 2024)
- Total Funding Amount: $34.35M
Slingshot Finance is a leading blockchain and cryptocurrency company based in San Francisco, focused on transforming the digital asset ecosystem. Since its inception in September 2020, Slingshot Finance has been working toward providing users with a decentralized and transparent platform for digital asset trading. The company has raised a total of $34.35 million to date, enabling it to expand its offerings and enhance user experience. With a team of 11-50 employees, Slingshot Finance aims to innovate and simplify the cryptocurrency market for users worldwide, offering robust tools for trading and investment in digital assets.
10. Waterfall Network
- Founded: 2022
- Location: New York, New York, USA
- Industry: Blockchain
- Number of Employees: 1-10
- Last Funding Amount: $11.6M (Latest Round: December 12, 2024)
- Total Funding Amount: $13.6M
Waterfall Network is an innovative blockchain company based in New York, offering decentralized solutions to streamline digital asset management. Since its establishment in 2022, the company has focused on providing secure, transparent, and efficient blockchain-based solutions. With a small but dedicated team of 1-10 employees, Waterfall Network has successfully raised $13.6 million in total funding, supporting its vision to disrupt traditional systems and enhance digital asset operations. Waterfall Network continues to evolve and grow its offerings to address the emerging needs in the blockchain industry, aiming to create a more seamless and user-friendly decentralized ecosystem.
11. Analog
- Founded: 2022
- Location: Newark, Delaware, USA
- Industry: Blockchain, Cryptocurrency, Marketing
- Number of Employees: 11-50
- Last Funding Amount: $16M (Latest Round: February 12, 2024)
- Total Funding Amount: $16M
Analog is a dynamic company based in Newark, Delaware, specializing in blockchain and cryptocurrency solutions with a strong focus on marketing. Established in 2022, the company integrates blockchain technology with innovative marketing strategies to offer solutions that enhance digital engagement and optimize client growth. With a growing team of 11-50 employees, Analog has successfully secured $16 million in total funding.
Its services are designed to transform the way businesses interact with decentralized networks, positioning itself as a leader in the blockchain marketing space. Analog is committed to providing cutting-edge solutions that cater to the evolving needs of the blockchain industry.
12. Caldera
- Founded: March 2022
- Location: San Francisco, California, USA
- Industry: Blockchain, Information Technology, Software Engineering
- Number of Employees: 11-50
- Last Funding Amount: $15M (Latest Round: July 24, 2024)
- Total Funding Amount: $24M
Caldera, established in 2022, is an innovative technology company based in San Francisco, specializing in blockchain, information technology, and software engineering solutions. The company aims to revolutionize industries by leveraging blockchain technology to enhance software systems. Caldera offers state-of-the-art software engineering services designed to optimize business operations through decentralized solutions. With a skilled team of 11-50 employees, the company has raised a total of $24 million in funding. Focused on building scalable and secure blockchain solutions, Caldera continues to push the boundaries of technology, ensuring clients achieve efficient and modern digital infrastructure.
13. InfiniGods
- Founded: 2022
- Location: Austin, Texas, USA
- Industry: Blockchain, Cryptocurrency, Gaming
- Number of Employees: 11-50
- Last Funding Amount: $8M (Latest Round: April 25, 2024)
- Total Funding Amount: $17M
InfiniGods is a dynamic gaming company based in Austin, Texas, specializing in blockchain and cryptocurrency-powered gaming experiences. Founded in 2022, the company is focused on creating immersive, blockchain-driven games that give players ownership and control over in-game assets. With a team of 11-50 employees, InfiniGods aims to revolutionize the gaming industry by integrating decentralized finance and gaming. The company has raised a total of $17 million in funding, with the latest round securing $8 million in April 2024. InfiniGods is committed to empowering players with innovative gameplay and valuable digital assets within the evolving world of Web3 gaming.
14. Turnkey
- Founded: 2022
- Location: New York, New York, USA
- Industry: Blockchain, Cryptocurrency, Cyber Security
- Number of Employees: 11-50
- Last Funding Amount: $15M (Latest Round: April 23, 2024)
- Total Funding Amount: $37M
Turnkey is a forward-thinking cybersecurity company based in New York, focused on providing blockchain and cryptocurrency solutions with an emphasis on security. Founded in 2022, the company is dedicated to helping businesses secure their digital assets in the rapidly evolving blockchain landscape. With a team of 11-50 employees, Turnkey has raised a total of $37 million in funding, including $15 million in its latest round in April 2024. By offering cutting-edge cybersecurity solutions, Turnkey aims to create a safer digital ecosystem for cryptocurrency platforms, blockchain-based applications, and their users.
15. Ellipsis Labs
- Founded: 2022
- Location: New York, New York, USA
- Industry: Blockchain, Decentralized Finance (DeFi), Financial Services
- Number of Employees: 1-10
- Last Funding Amount: $21M (Latest Round: October 31, 2024)
- Total Funding Amount: $44.3M
Ellipsis Labs is an innovative financial services company based in New York, specializing in decentralized finance (DeFi) solutions. Founded in 2022, the company focuses on leveraging blockchain technology to revolutionize the financial industry. With a small, agile team of 1-10 employees, Ellipsis Labs has raised a total of $44.3 million in funding, including a recent $21 million in October 2024. Their cutting-edge DeFi products aim to provide secure, efficient, and accessible financial services for users in the blockchain ecosystem, driving the future of decentralized finance.
16. Union Labs
- Founded: 2023
- Location: Norfolk, Virginia, USA
- Industry: Blockchain, Cryptocurrency
- Number of Employees: 11-50
- Last Funding Amount: $12M (Latest Round: December 3, 2024)
- Total Funding Amount: $16M
Union Labs is a blockchain and cryptocurrency company based in Norfolk, Virginia, founded in 2023. The company is focused on developing innovative solutions in the cryptocurrency and blockchain space, with a team of 11-50 employees. Union Labs has raised a total of $16 million in funding, including $12 million in its most recent round in December 2024. With a vision to drive the future of decentralized technologies, the company is committed to providing scalable and secure blockchain solutions for various applications, positioning itself as a key player in the evolving cryptocurrency ecosystem.
17. Superlogic
- Founded: March 2021
- Location: Miami, Florida, USA
- Industry: Blockchain, Brand Marketing
- Number of Employees: 11-50
- Last Funding Amount: $7.6M (Latest Round: April 18, 2024)
- Total Funding Amount: $15.6M
Superlogic is a Miami-based blockchain company that specializes in brand marketing, founded in 2021. With a focus on leveraging blockchain technologies to enhance brand presence and consumer engagement, Superlogic is transforming the digital marketing landscape. The company has grown to a team of 11-50 employees and has successfully raised a total of $15.6 million in funding. Their most recent funding round, amounting to $7.6 million, was completed in April 2024. Superlogic is committed to delivering innovative marketing solutions to businesses by integrating blockchain into their branding strategies, fostering more transparent, secure, and interactive consumer relationships.
18. Huma
- Founded: April 2022
- Location: San Francisco, California, USA
- Industry: Blockchain, Credit
- Number of Employees: 1-10
- Last Funding Amount: $28M (Latest Round: September 11, 2024)
- Total Funding Amount: $46.3M
Huma is a cutting-edge fintech company based in San Francisco, specializing in blockchain-based credit solutions. Since its founding in 2022, the company has rapidly scaled with a small yet impactful team of 1-10 employees. Huma is dedicated to revolutionizing the way credit is managed, offering more transparent, secure, and efficient services through the integration of blockchain technology. The company has raised a total of $46.3 million in funding, with its most recent round securing $28 million in April 2022. By leveraging blockchain, Huma is reshaping the credit landscape, making it more accessible and reliable for businesses and individuals alike.
19. Provenance Blockchain Labs (ProvLabs)
- Founded: 2024
- Location: Monmouth Beach, New Jersey, USA
- Industry: Blockchain, Financial Services
- Number of Employees: 11-50
- Last Funding Amount: $17.65M (Latest Round: November 8, 2024)
- Total Funding Amount: $17.65M
Provenance Blockchain Labs (ProvLabs) is a forward-thinking company specializing in blockchain technology for the financial services industry. Based in Monmouth Beach, New Jersey, ProvLabs focuses on providing innovative, blockchain-based solutions to revolutionize financial services. With a dedicated team of 11-50 employees, the company has raised a total of $17.65 million in funding, securing its latest round in November 2024. ProvLabs is committed to driving transparency, efficiency, and security within the financial sector by leveraging blockchain’s decentralized capabilities. The company’s solutions are designed to empower businesses with better control over their financial transactions while ensuring a more robust and trusted financial system.
20. Ava Protocol
- Founded: October 1, 2021
- Location: San Francisco, California, USA
- Industry: Blockchain, Cryptocurrency
- Number of Employees: 11-50
- Last Funding Amount: $4.5M (Latest Round: June 11, 2024)
- Total Funding Amount: $10M
Ava Protocol is a blockchain and cryptocurrency company based in San Francisco, California, focused on creating innovative solutions for decentralized finance (DeFi). The company offers cutting-edge blockchain technology that enhances scalability, efficiency, and security, providing users with robust solutions for financial transactions. Ava Protocol has raised a total of $10 million in funding, with its latest round in 2021. The company is dedicated to building a decentralized ecosystem that empowers users to seamlessly engage with the future of finance. With a dedicated team of 11-50 employees, Ava Protocol continues to lead the way in blockchain-based financial innovations.
Conclusion
These 20 blockchain startups are not just capitalizing on the emerging trends of decentralized technology—they are actively shaping the future of various industries. With funding between $10M and $50M, these companies are scaling quickly and developing groundbreaking solutions that enhance security, transparency, and efficiency in fields such as finance, supply chain management, and more.
The rapid growth and investment these startups have secured demonstrate the growing confidence in blockchain’s potential to revolutionize the global economy. As they continue to innovate, these companies will be at the forefront of the blockchain revolution, paving the way for a decentralized digital future.
FAQs
Q. Can blockchain technology be used for non-financial purposes?
Answer: Yes! Blockchain technology has applications far beyond cryptocurrency and finance. It is being used in healthcare for secure patient data management, in supply chains for tracking goods, in voting systems for transparent elections, and even in the arts and entertainment industries for managing digital assets like NFTs.
Q. How will these blockchain startups affect the global economy?
Answer: As these blockchain startups continue to scale and innovate, they have the potential to reshape global economic systems by decentralizing processes, providing more inclusive financial services, improving supply chain transparency, and enhancing data security. Their impact could lead to a more efficient, transparent, and secure global economy.
Q. What are the key benefits of blockchain for businesses?
Answer: Blockchain offers several key benefits for businesses, including:
- Increased security through cryptographic encryption
- Enhanced transparency by providing a public, immutable ledger
- Improved efficiency by reducing the need for intermediaries
- Cost savings by streamlining processes and eliminating fraud
- Faster transactions, especially for cross-border payments