TLDR: Crypto startups received $935 million from VC funds in April
- VC funds invested $935 million in crypto startups in April
- Blockchain infrastructure startups received the majority of funding, with over $730 million raised
According to data aggregator DefiLlama, venture capital (VC) funds invested $935 million in crypto startups in April. The amount invested was 8% smaller than the total in March but still significant. The majority of the funding went to blockchain infrastructure startups, with over $730 million raised. Layer-1 blockchain Monad received the largest fundraising round of $225 million, followed by Berachain with $100 million. The decentralized finance (DeFi) sector also received more funding from VCs in April, with $157 million raised. Web3-focused applications saw a jump in funding from $3 million in March to $19 million in April, led by the startup Legitimate. However, the Web3 gaming sector saw a decline in VC funding, dropping from $83 million in March to $24.7 million in April. Overall, the investment in crypto startups continues to show strong interest and support from VC funds.
