VCs deployed $872M in global crypto startups in February 2023, up 52% from the previous month's total of $574M.
At this rate, funding at the end of Q1 2023 is forecasted to reach
$1.8B. Despite the increase, funding will likely be at its lowest level
since Q4 2020.
- Funding decreased by 77% in Q4 2022 compared to Q1 2022.
- The crypto industry began to show signs of resurgence in February.
- Crypto
VC funding deployment in the first two months of 2023 was 3.1 times
higher than funding deployed in the same period in 2019.
- Investors
were taking advantage of the drop in valuations to invest in startups
working on Web3, gamefi, DeFi, infrastructure, and distributed ledger
technology.
- The
most active investors in the past 12 months were Big Brain Holdings,
Shima Capital, Infinity Ventures, GSR, and MH Ventures.
- Investors anticipate a bull market in 2025 for the crypto sector.
