TLDR:
- Trammell Venture Partners releases 2nd Annual Bitcoin-Native Startup and VC Ecosystem Research
- Bitcoin-native sector experiences significant growth despite overall investment slowdown
Trammell Venture Partners, a venture capital firm based in Austin, Texas, has unveiled its second annual research findings on the Bitcoin-native startup and venture capital ecosystem. The report highlights that despite a decline in crypto venture market investments in 2023, the Bitcoin startup sector saw a remarkable increase in transaction count at the Pre-Seed stage.
2023 was marked by a decrease in exit activity in the broader startup sector, leading to a reduction in the total number of venture deals across the board for the second consecutive year. However, the Bitcoin-native category experienced a 69.2% year-over-year growth in 2023.
The research data revealed that early-stage Bitcoin-native startups raised nearly $1 billion during the 2021-2023 period, indicating a wave of venture-backed Pre-Seed companies seeking product-market fit. TVP’s managing director, Christopher Calicott, noted that founders are increasingly interested in building on Bitcoin as the technology enables scalability and buildability.
With the launch of the first dedicated Bitcoin-native ecosystem-focused fund series in 2021, TVP aims to drive research and insights for the venture capital investment landscape. The annual release of TVP’s Emerging Bitcoin-Native Venture Capital Landscape Research Brief provides valuable information to support the institutionalization of venture investment in the emerging growth category of crypto and blockchain venture capital.
Trammell Venture Partners, established in 2016, focuses on investing in highly technical companies in Bitcoin-native technologies, security and privacy tech, and applied AI. The firm has been backing founders building on the layers of the Bitcoin protocol stack through the TVP Bitcoin Venture Fund series of funds.
