According to the results of January-March 2023, the volume of venture investments in crypto-startups within 353 funding rounds amounted to $2.6 billion, the minimum since the fourth quarter of 2020. Such calculations are included in PitchBook report.
In monetary terms, the value turned out to be 11% lower than the previous quarter, the number of transactions — by 12.2%.
The main metrics showed mixed dynamics. Thus, on an annual basis, the volume of fees for seed rounds increased by 33.3%, in the later stages – by 209.22%, in the early stages – decreased by 16.7%.
Analysts noted the continued interest of venture investors in Ethereum-solutions of the second level.
Among the landmark deals, they highlighted the attraction of $125 million by Blockstream for the development of Bitcoin mining infrastructure, Scroll — $50 million to create a network based on ZK-Rollup.
The specialists also noted significant collections by custodial services – Ledger ($493 million) and Taurus ($65 million).
Recall, PitchBook analyst Robert Le as the reasons for the decline in the activity of venture investors called the rise in interest rates and the collapse SVB — a reference bank for such companies. The specialist allowed the worst period of the “financial drought” to end.
In February, Abu Dhabi launched a $2 billion fund to support industry start-ups.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
According to the results of January-March 2023, the volume of venture investments in crypto-startups within 353 funding rounds amounted to $2.6 billion, the minimum since the fourth quarter of 2020. Such calculations are included in PitchBook report.
In monetary terms, the value turned out to be 11% lower than the previous quarter, the number of transactions — by 12.2%.
The main metrics showed mixed dynamics. Thus, on an annual basis, the volume of fees for seed rounds increased by 33.3%, in the later stages – by 209.22%, in the early stages – decreased by 16.7%.
Analysts noted the continued interest of venture investors in Ethereum-solutions of the second level.
Among the landmark deals, they highlighted the attraction of $125 million by Blockstream for the development of Bitcoin mining infrastructure, Scroll — $50 million to create a network based on ZK-Rollup.
The specialists also noted significant collections by custodial services – Ledger ($493 million) and Taurus ($65 million).
Recall, PitchBook analyst Robert Le as the reasons for the decline in the activity of venture investors called the rise in interest rates and the collapse SVB — a reference bank for such companies. The specialist allowed the worst period of the “financial drought” to end.
In February, Abu Dhabi launched a $2 billion fund to support industry start-ups.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!