Crypto venture funding has experienced its first increase in nearly two years after the stellar performance of Bitcoin in 2023, with total investment in the fourth quarter reaching $1.9bn, according to PitchBook. The increase in funding has been driven by the rise in crypto asset prices and the market valuations of companies such as Coinbase, Marathon Digital, and MicroStrategy. Notable fundraisers during the quarter included cryptocurrency exchanges Swan Bitcoin and Blockchain.com, which raised $165m and $100m respectively. However, while the total amount of investment increased, the number of deals declined by 2.4%, indicating that the strongest startups are receiving the most funding. In terms of the sectors that received funding, finance and technology solutions were the most notable, particularly in areas such as asset tokenisation and decentralised computing infrastructure.
Surging Bitcoin Sparks Revolutionary Rise in Crypto Venture Funding
Latest from Blog
Arch Venture Partners secures over $3bn for Fund XIII
TLDR: Arch Venture Partners has raised over $3 billion for Fund XIII. Investors in the fund include Alaska Permanent Fund and Rockefeller Brothers Fund. In a recent development, Arch Venture Partners has
Raising Your First Venture Fund: Tips for Success
TLDR: Samir Kaji, a seasoned venture capital professional, shares a six-point plan for raising a venture fund as a first-time fund manager. Key steps include staying focused on a niche, not worrying
Exploring China’s Quantum Computing Breakthrough and VC Trends
TLDR: ONCO stock surged over 80% in pre-market after Altos Venture acquired a stake Chinese low float stocks like DUO rose over 40% in sympathy with large caps Summary: The article discusses
The Blindspot: Venture Capitalists’ Go-To Tool with Fatal Flaw
TLDR: Nader Al-Naji, founder of Bitclout, was arrested for an alleged crypto scam involving VC giant Andreessen Horowitz as a victim. VCs’ pattern matching led them to invest in Al-Naji despite red
Korean startups seek corporate investors in challenging ecosystem climate
TLDR: Korean startups are seeking corporate investors as funding becomes harder to secure. The government in South Korea has relaxed CVC rules to attract more foreign investment. Korean startups are facing a