TLDR:
- Crypto venture fundraising reached $1.02 billion in April, compared to $10.9 billion in March
- VC funding has surpassed $1 billion mark for two consecutive months
The article highlights that crypto venture capital funding in April reached $1.02 billion across 161 rounds, marking the third-highest amount raised in the past year. Despite not matching the previous month’s total, the year-to-date VC funding has already surpassed $3.67 billion, indicating a positive trend in the industry. The report suggests that VC participation in the crypto space in 2024 could exceed the previous year’s figures.
The article also points out key players in the industry such as Animoca Brands, Polychain Capital, and Paradigm, who have been actively investing in crypto projects. Notable fundraises in April include a $47 million investment in Securitize and a $225 million round for layer-1 blockchain Monad backed by Coinbase Ventures and Paradigm. While most projects secured investments between $1 million and $10 million, nine Web3 startups received over $50 million each from top VC firms.
Overall, hitting the billion-dollar mark for two consecutive months indicates optimism from the investment community towards the crypto industry. The article emphasizes the growing trend in VC funding and the potential for continued growth and investment in the coming months.
