Andreessen Horowitz led the most number of investments into crypto startups last year.
The firm led 28 and participated in 47 funding rounds, per data compiled by Architect Partners. The majority of the deals were inked in the first half of the year before the crypto market slump and venture funding pullback started.
- Coinbase, FTX/Alameda, and Animoca Brands participated in the most funding rounds in the year at 95, 82, and 79, respectively.
- Crypto startups secured $29B in venture funding last year, up from $27B in 2021.
- In December last year, a16z partner Chris Dixon told The Block that the firm had deployed less than 50% of its $4.5B crypto fund.
- This year, venture capital firms will slow their investments in the crypto sector because of the crypto win