TLDR:
Key Points:
- Global startup funding has experienced a decline, while crypto funding is surging.
- Crypto startups raised $2.4 billion in Q1 2024, marking an increase in invested capital.
Startup funding has seen a decrease, with Q1 2024 reaching its second-lowest point since 2018. The decline has been particularly evident in North America, reflecting a broader slowdown in venture capital activities. In contrast, crypto startups have experienced a surge in funding, with investments reaching $2.4 billion in Q1 2024. These investments have been focused on innovative and infrastructure-driven projects, leading to higher valuations. The uptick in crypto funding is attributed to factors such as legal victories, positive sentiments around decentralized finance, and the approval of spot Bitcoin ETFs in the U.S. This resurgence in the crypto sector is expected to continue throughout the year, with stakeholders and projects anticipating total capital raised in 2024 to exceed the $10 billion range.
