- This is 12 months RootData report data
- The largest decline in venture interest was observed in June
- See detailed breakdown by category
Blockchain Infrastructure Provider RootData introduced annual report on venture investments in the industry. It shows that in 12 months, funding fell by 70%.
For comparison: in June 2022, blockchain startups raised $1.81 billion in investments in 149 rounds. In June 2023, there were only 83 such rounds. At the same time, firms were able to raise only $520 million in funds.
Analysts also compiled a sample of investments in different categories. VCs are most interested in infrastructure startups, with such firms raising $213 million last month in 26 rounds. However, compared to last year’s figures, we see a decrease of almost 50% (28 rounds and $410 million in investments).
The second most popular is CeFi (centralized finance). They received $101 million, which is almost 20% of the total funding. They are followed by games – they managed to raise capital of $ 62 million. Moreover, the Mythical Games project received more than half of the funds. He raised $37 million in a Series C1 round. DeFi and NFT projects complete the rating.
At the end of the year, the Coinbase Ventures platform became the most active venture investor. For 12 months they participated in 71 rounds. Hashkey Capital (54 rounds) and Shima Capital (49 projects) are showing high activity.
Our website has a detailed analysis of the results of June on the crypto market: