Dark
Light
Today: November 14, 2024
February 16, 2024
1 min read

Web3 VC Funding Shatters Records: $19B in Q4 2023

A recent report from PitchBook reveals that Web3 venture capital funding in the cryptocurrency industry reached $1.9 billion in Q4 2023, indicating the end of the “crypto winter” period. This represents a 2.5% increase compared to the previous quarter, marking the first time VC funding in the industry has grown since Q1 2022. The report also notes that regulatory pressure and institutional interest have contributed to this renewed investor confidence in the sector. Furthermore, the correlation between private sector funding and public market performance is found to be high, although the number of deals declined by 2.4% in Q4. Notable winners in crypto VC funding include Swan Bitcoin and Blockchain.com, which raised $165 million and $100 million, respectively, during the period. The report highlights that venture capital funding has focused on firms involved with decentralized computing infrastructure, finance, and technology, particularly in the tokenization of real-world assets. Overall, the report suggests that the cryptocurrency industry is rebounding and attracting increased investment as it continues to evolve and gain mainstream adoption.

Previous Story

Overmoon Rakes in $80M: A Game-Changing Funding Milestone

Next Story

Unleashing Success: Clarity Secures $16M in Game-Changing Funding

Latest from Blog

Go toTop