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Study: The volume of venture deals in the crypto industry fell by 71% in June

by Vaibhav
July 3, 2023
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Venture_finance-min

The volume of funds raised by crypto firms following the results of investment rounds in June collapsed by 71.3% compared to the same period in 2022. Such data is provided by the aggregator root data.

At the end of June, venture investors participated in 83 rounds with a total volume of $520.1 million (the minimum for the last 12 months). This contrasts with the situation a year ago – 149 rounds and $1.81 billion.

The chart below shows the downtrend of both indicators.

image-405
Data: Rootdata.

According to RootData, in June, the category of infrastructure projects represented the greatest interest of venture investors (26 startups raised $213.1 million). The second place went to the segment CeFi ($101.1 million over seven rounds), third – games ($62.7 million over nine rounds).

image-406
Data: Rootdata.

Recall that in June, rounds of a blockchain-based computer network project for Gensyn AI platforms and Web3 game developer Mythical Games became landmark deals. The teams raised $43 million and $37 million, respectively.

See also  Ripple CTO warns against XRP scam amid SEC hype

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Venture_finance-min

The volume of funds raised by crypto firms following the results of investment rounds in June collapsed by 71.3% compared to the same period in 2022. Such data is provided by the aggregator root data.

See also  Circle and Tether froze $65 million worth of assets withdrawn from Multichain

At the end of June, venture investors participated in 83 rounds with a total volume of $520.1 million (the minimum for the last 12 months). This contrasts with the situation a year ago – 149 rounds and $1.81 billion.

The chart below shows the downtrend of both indicators.

image-405
Data: Rootdata.

According to RootData, in June, the category of infrastructure projects represented the greatest interest of venture investors (26 startups raised $213.1 million). The second place went to the segment CeFi ($101.1 million over seven rounds), third – games ($62.7 million over nine rounds).

image-406
Data: Rootdata.

Recall that in June, rounds of a blockchain-based computer network project for Gensyn AI platforms and Web3 game developer Mythical Games became landmark deals. The teams raised $43 million and $37 million, respectively.

See also  Coinbase accuses SEC of ignoring court order

Subscribe to Cryplogger on social networks

Found a mistake in the text? Select it and press CTRL+ENTER

Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!

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